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The Latest Breaking News from Oil

US outlines measures to cut methane emissions by 80% in next 15 years

Regulations would cut equivalent of 1.5bn metric tonnes of carbon dioxide by 2038, head of EPA says at Cop28

The Guardian - UK

At UN Climate talks, oil companies pledge to combat methane; Environmentalists call it "smokescreen"

Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine flaring in their operations by 2030, the president of this year’s U_N_ climate talks said Saturday, a move that environmental groups called a “smokescreen.”

The Independent UK

Lula’s bid to style himself climate leader at Cop28 undermined by Opec move

Brazilian president’s plans to approve new fossil fuel projects sit awkwardly with pledge to meet 1.5C target

The Guardian - UK

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read the most diverse news in one place.

‘How do you reduce a national dish to a powder?’: the weird, secretive world of crisp flavours

Why can you buy lasagne flavour snacks in Thailand but not in Italy? Which country can cope with the hottest chilli? And why do Germans like paprika so much?

The Guardian - UK

Oil and gas firms must convert to renewables or face decline, says IEA chief

Fatih Birol says fossil fuel use will peak in 2030, and urges companies to lead switch to green energy

The Guardian - UK

Colombia joins international alliance calling for treaty to end use of fossil fuels

Colombian president Gustavo Petro wants treaty to lay out plan to end era of coal, oil and gas

The Guardian - UK

Best condiments from small businesses for mind-boggling flavour

Discover the holy grail of sauces

Evening Standard

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Biden rule aims to reduce methane emissions, targeting US oil and gas industry for global warming

The Biden administration on Saturday issued a final rule aimed at reducing methane emissions, targeting the U.S. oil and natural gas industry for its role in global warming as President Joe Biden seeks to advance his climate legacy

The Independent UK

EPA aims to slash the oil industry's climate-warming methane pollution

New EPA rules require oil and gas companies to slash climate-changing methane from their operations.

WEKU

Venezuela Will Vote On Guyana Border Row Despite UN Court Ruling

Venezuela said Friday it would press ahead with a weekend referendum over the fate of an oil-rich region claimed by itself and Guyana even as the UN's top court urged restraint in the worsening row.

International Business Times

Crude Prices Slump on Skepticism About OPEC+ Crude Production Cuts

January WTI crude oil (CLF24 ) on Friday closed down -1.57 (-2.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0547 (-2.51%). Crude oil and gasoline prices Friday gave up an early advance and sold off, with crude falling to a 1-week low. Crude prices were under pressure on negative...

Barchart

Michigan regulators approve $500M pipeline tunnel project under channel linking 2 Great Lakes

Michigan regulators have approved a $500 million plan to encase in a protective tunnel a portion of an oil pipeline that runs beneath a channel connecting two Great Lakes

The Independent UK

3 Oil & Gas Stocks Energizing Portfolios for December

Amid the geopolitical tensions coupled with the recent decision by OPEC+ to further deepen the supply cuts, the energy sector is poised to stay in a sweet spot. In such a scenario, three oil and gas stocks, Baker Hughes Company (BKR), MRC Global (MRC), and Ranger Energy Services (RNGR), might…

StockNews.com

The Guardian view on Cop28: energy companies are not the only ones with a carbon addiction

Editorial: Just like oil and gas businesses, and petro-states, carbon-intensive industries including meat will fight to keep on polluting

The Guardian - UK

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Barchart

Crude Moderately Higher on Dollar Weakness and Lower OPEC Crude Production

January WTI crude oil (CLF24 ) this morning is up +0.50 (+0.66%), and Jan RBOB gasoline (RBF24 ) is up +0.0172 (+0.79%). Crude oil and gasoline prices this morning are moderately higher. Weakness in the dollar is underpinning energy prices. Crude also found support today after a gauge of Chinese...

Evening Standard

Rishi Sunak defends UK climate ambitions at Cop28 after scaling back net zero pledges

Prime Minister wraps up 11-hour trip to global climate conference with new deal for UK wind farm

The Independent UK

Sunak blasted for spending more time on jet than at Cop28 as PM accused of climate ‘retreat’

PM hits back at ‘hugely simplistic’ criticism – defending decision to spend more time in the air than at meetings

StockNews.com

Unlocking Success With 3 Oil & Gas Stocks for Your Portfolio

Robust global demand and tight supplies will likely keep oil prices high, propelling the energy sector’s growth prospects. Given the industry tailwinds, fundamentally sound oil & gas stocks Shell (SHEL), Unit Corporation (UNTC), and Adams Resources & Energy (AE) could be ideal additions to your portfolio for substantial gains. Read…

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Ballotpedia

Pensioner sues Oklahoma over ESG restrictions

Former Oklahoma state employee Don Keenan is suing the state, alleging that the Oklahoma law prohibiting state contracts with financial firms that boycott oil, gas, and other types of companies violates the U.S. Constitution and federal law. Keenan says he thinks oil and gas are important economically but argues the…

Fortune

Profit motive is driving the effort to fix the climate—and that’s a good thing

The proliferation of CEOs at COP—including those from oil companies—should stoke optimism.

The Guardian - UK

‘Brand Dubai’: how the city-state is using Cop28 climate talks to build influence

The emirate hosting the UN’s climate conference is selling a gilded vision of aspiration built on oil and everything it powers

Latin Times

Venezuela To Vote On Oil-rich Region Controlled By Guyana

A decades-old dispute over the oil-rich Essequibo territory reaches a new, potentially escalatory chapter on Sunday as Venezuela holds a referendum regarding the Guyana-controlled region.

The Hindu

Could COP28 help UAE become a post-oil economy? | Explained

The United Arab Emirates (UAE), the world’s seventh largest oil producer, will host the 28th UN Climate Change Summit (COP28) in Dubai from November 30 to December 12

StockNews.com

3 Hot Energy Stocks Flashing 'Buy' Signals

The energy market, witnessing oil demand surges and encouraging industry forecasts, suggests a positive trajectory for oil prices – providing an impetus for operators to heighten oil and gas production. Given this backdrop, quality energy stocks Newpark Resources (NR), Permianville Royalty Trust (PVL), and Superior Drilling Products (SDPI) could be…

The Guardian - UK

How problematic is mineral mining for electric cars?

In part two of our series exploring myths surrounding EVs, we weigh up the issues of resource extraction

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