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The Latest Breaking News from Oil

Crude Prices Close Higher on Dollar Weakens and Energy Demand Optimism

January WTI crude oil (CLF24 ) on Tuesday closed up +1.55 (+2.07%), and Jan RBOB gasoline (RBF24 ) closed up +0.0472 (+2.20%). Crude oil and gasoline prices Tuesday closed moderately higher. Tuesday's slump in the dollar index (DXY00 ) to a 3-1/2 month low was bullish for energy prices. Crude...

Barchart

All the influence UAE can buy? Oil money and the growing clout of UN climate summit hosts

The planet is burning up, humanity's addiction to fossil fuels is to blame and the host of a crucial UN climate summit is the United Arab Emirates, a Gulf petromonarchy whose stated aim is a 25 percent ramping up of activity at its state oil company ADNOC.

France 24

Best natural eye creams that use organic ingredients

Protect your peepers with plant-powered products

Evening Standard

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The Guardian view on betting the planet: a big oil producer presiding over Cop28 is a risk

Editorial: The success of this week’s UN climate summit will depend on one man who must know that a favourable result would be bad news for the industry he represents

The Guardian - UK

Blunt bobs are the ultimate chic hairstyle for the festive season - here's how to make one work for you

Have you been eyeing up the blunt bob? The experts share their styling tips and how to know if it will suit you

Woman & Home

Crude Prices Gain on Dollar Weakness and Strong Economic News

January WTI crude oil (CLF24 ) this morning is up +1.93 (+2.58%), and Jan RBOB gasoline (RBF24 ) is up +0.0578 (+2.69%). Crude oil and gasoline prices this morning are moderately higher. Today's slump in the dollar index (DXY00 ) to a 3-1/2 month low is bullish for energy prices....

Barchart

What is gas flaring? Toxic air affects millions in the Middle East

Flaring is a waste of a precious natural resource that could be conserved or put to better use, such as producing electricity

Evening Standard

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Brilliant: a Cop28 to save the planet – staged by oil barons who imperil it

The UAE will have its moment of glory while the UK press worries more about petrostate money buying the Telegraph, says Guardian columnist Marina Hyde

The Guardian - UK

OPEC Lashes Out At IEA's Fossil Fuel Warning As International Climate Summit Looms

OPEC's Secretary General loudly defended continued investments in oil and gas on Monday, just days before the beginning of COP28 in Dubai.

International Business Times

Oil and gas lobby is a ‘huge barrier’ to solar that is now ready for prime time, renewable energy founder says

Yellow Door Energy founder Jeremy Crane recounts the numerous times he sat around the table with oil execs who 'wagged their finger at me and say we’re subsidizing your business.'

Fortune

New Google geothermal electricity project could be a milestone for clean energy

Google announced Tuesday that an advanced geothermal project has begun pumping carbon-free electricity onto the Nevada electric grid to feed Google data centers there

The Independent UK

The head of the Middle East's largest private oil producer says we'll need '100 times more' renewable energy to meet demand

“You need to add a new Saudi Arabia every two years just to meet the current demand," Crescent Petroleum CEO Majid Jafar said at Fortune's Global Forum in Abu Dhabi.

Fortune

Norway Court Hears Lawsuit Over State's Oil Plans

A court began hearing Tuesday a lawsuit against Norway over oil and gas development plans, with environmental groups saying the country is throwing "gasoline on the fire" of the climate crisis.

International Business Times

UN COP28: What to know about the climate summit in Dubai

Climate financing and reining in fossil fuels are to top the agenda of the 2023 climate change summit to be held in UAE.

Al Jazeera

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The Conversation

Why the world's first flight powered entirely by sustainable aviation fuel is a green mirage

A Boeing 787 Dreamliner is set to take off from Heathrow on November 28 and head for JFK airport in New York, powered by so-called sustainable aviation fuel (SAF). According to its operator, Virgin Atlantic, the world’s “first 100% SAF flight” will mark “a historic moment in aviation’s roadmap to…

Evening Standard

Latex-clad Olivia Colman calls out pensions funds for investing in fossil fuels in advert

About £88 billion of pension savers' money goes towards oil and gas, campaigners say

The Hindu

Can an oil executive broker a climate deal?

At COP28, delegates to discuss curbing emissions, adaptation, and a fund to compensate those affected by climate change. Negotiations have been fraught with disagreements, but hope is pinned on the conference to deliver relief to millions suffering from climate change. #COP28 #ClimateChange #Emissions #Adaptation #LossAndDamageFund

The Guardian - UK

Former world leaders seek $25bn levy on oil states’ revenues to pay for climate damage

Gordon Brown leads those signing letter to Cop28 and G20 presidents calling for levy to help fill ‘loss and damage’ fund

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Barchart

Crude Prices Fall as OPEC+ Members Disagree on Crude Production Quotas

January WTI crude oil (CLF24 ) on Monday closed down -0.68 (-0.90%), and Jan RBOB gasoline (RBF24 ) closed up +0.0088 (+0.41%). Crude oil and gasoline prices on Monday settled mixed. Crude prices are under pressure from a dispute among Saudi Arabia and other OPEC+ members on crude production levels....

The Guardian - UK

Revealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil

Climate scientists say fossil fuel use needs to fall rapidly – but oil-rich kingdom is working to drive up demand

International Business Times

Countdown To COP28: Nuclear Energy, Climate Finance And Oil Take Center Stage

Memoranda of understanding have been signed, greenwashing claims have been made. Quite a bit is at stake in the coming weeks in Dubai.

Barchart

Crude Prices Slip on a Rift Among OPEC+ Members on Crude Production

January WTI crude oil (CLF24 ) this morning is down -0.31 (-0.41%), and Jan RBOB gasoline (RBF24 ) is up -0.0120 (+0.56%). Crude oil and gasoline prices this morning are mixed. Crude prices are under pressure from a stronger dollar and a dispute among Saudi Arabia and other OPEC+ members...

The Conversation

COP28: inside the United Arab Emirates, the oil giant hosting 2023 climate change summit

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. Presiding over the conference will be the chief executive of the UAE state-owned oil company Adnoc, Sultan al-Jaber.

International Business Times

Italy And Saudi Arabia Discuss Expanding Cooperation In Oil, Gas and Mining

A high-level meeting between Italian and Saudi officials took place Monday ahead of this week's landmark international climate conference.

The Guardian - UK

Cop28 host UAE planned to promote oil deals during climate talks

Leaked briefing documents for meetings with governments contained ‘asks’ from state oil firm

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