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The Latest Breaking News from Oil

Methane must fall to slow global heating – but only 13% of emissions are actually regulated

Methane – a potent greenhouse gas and the second biggest driver of global warming after carbon dioxide (CO₂) – had its moment in the spotlight in 2021. Over 100 countries signed on to the Global Methane Pledge to cut emissions by 30% compared to 2020 levels by 2030.

The Conversation

Fossil fuel firms owe climate reparations of $209bn a year, says study

Groundbreaking analysis by One Earth is first to quantify economic burden caused by individual companies

The Guardian - UK

How Russia might rethink its alliance with China after Putin

For more than three decades, Moscow and Beijing have been incrementally strengthening their partnership. The growing number of potentially conflicting interests, for instance over investment and exploration in the Arctic, have not slowed down cooperation.

The Conversation

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US and allied naval commanders in Mideast transit Strait of Hormuz, in show of force against Iran

The Mideast-based chiefs of the U.S., British and French navies have transited the Strait of Hormuz aboard an American warship

The Independent UK

Warren Buffett Keeps Buying Occidental Petroleum Stock As OXY Stake Nears 25%

Warren Buffett's Berkshire Hathaway has purchased Occidental Petroleum in six straight trading days, targeting a buy range of 58.11-58.66 since Tuesday.

Investors Business Daily

Furious man shoves Just Stop Oil eco-warrior to ground at London protest

A man has been caught on camera throwing a Just Stop Oil activist to the ground as the eco-group slowly marched down a east London street on Friday.

Evening Standard

PTT expects LNG import surge this year

The national oil and gas conglomerate PTT Plc plans to increase liquefied natural gas (LNG) imports to 6 million tonnes this year, up from 3.3 million in 2022, in line with growing demand in the power sector driven by the tourism recovery.

Bangkok Post

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Wildfire risk spurs Alberta park closures ahead of holiday weekend

Authorities in Canada's main oil-producing province of Alberta have closed some parks and campgrounds, and are urging residents to avoid activities that could enrage wildfires to avoid straining firefighting resources over the holiday weekend.

Reuters

India eyes to mandate use of 1% Sustainable Aviation Fuel by 2025: Oil Minister

Puri said for jet fuel mixed with 1 per cent SAF, about 140 million litres of biofuels are needed. The mandate for SAF could rise to 4-5 per cent if more volumes of biofuels are available, he added.

The Hindu

China's Xi meets Central Asian leaders, calls for trade, energy development

Chinese leader Xi Jinping has promised to build more railway and other trade links with Central Asia and proposed jointly developing oil and gas sources at a meeting with the region’s leaders that highlighted Beijing’s growing influence

The Independent UK

Why You Should Use Hemp Oil on Your Dog

Dogs are often referred to as man's best friend, and rightly so! Our furry companions provide us with love, comfort, and companionship no matter what. As dog owners, we strive to give our pets the best possible care to ensure their health and well-being.

inkl

BP refinery hit with $40 million fine, agrees to spend $200 million on pollution control

Owner of Whiting, Indiana, operation settled with federal officials over allegations it released excessive amounts of harmful chemicals into the air.

Chicago Sun-Times

California lawmakers block bill allowing people to sue oil companies over health problems

California legislative committees in the Assembly and Senate blocked two big climate bills Thursday

The Independent UK

Crude Prices Drop as the Dollar Rallies

June WTI crude oil (CLM23 ) on Thursday closed down -0.97 (-1.33%), and June RBOB gasoline (RBM23 ) closed down -0.09 (-0.04%). Crude oil and gasoline prices Thursday posted moderate losses. A rally in the dollar index (DXY00 ) Thursday to a 1-3/4 month high was bearish for energy prices....

Barchart

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The National (Scotland)

New report shows ‘urgent need’ to end new oil and gas exploration, Greens say

THE Scottish Greens have said that a new report underlines the “urgent need” to end new oil and gas exploration...

Salon

A unique take on a Southern classic

While cherished throughout the south, gumbo is a dish that can sometimes intimidate. That shouldn't be the case

Daily Mirror

Seven foods that can reduce your risk of dementia as it affects more of us than ever

Dementia is affecting more people than ever before - and while certain risk factors for developing the condition are genetic, small changes in your diet can help lower your chances

Reuters

Lula's coalition roiled by decision to block Petrobras' Amazon project

A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development.

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Barchart

Dollar Strength Weighs on Crude Prices

June WTI crude oil (CLM23 ) this morning is down -0.88 (-1.21%), and June RBOB gasoline (RBM23 ) is up +0.20 (+0.08%). June Nymex natural gas (NGM23 ) is up +0.153 (+6.47%). Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 3-week high. A rally...

Reuters

US, UK, others seek to target illicit oil shipping transfers at sea

The U.S., UK, Denmark and other countries have called for more action, including increased surveillance, over the booming practice of unregulated oil transfers at sea, as fears grow over potential pollution, according to a paper submitted to the U.N.

The Week

Ananda in the Himalayas review: a truly rejuvenating retreat in India

A holistic attitude to wellbeing is inherent in ancient Indian philosophies – and this is the benchmark for the principles being served up at Ananda in the Himalayas. At this destination spa resort you can discover what your mind and body really need and you’ll leave as an enhanced version of yourself.

The Independent UK

Putin clashes with own finance minister over damage done to Russian economy by oil sanctions

Putin appears to downplay Anton Siluanov’s concerns by saying the situation is ‘absolutely stable’

Al Jazeera

G7 weighs new sanctions on Russia to end Ukraine war

Existing sanctions are some of the toughest ever imposed on a major economy, but there is still room to tighten.

The Guardian - AU

South Australia rushes through anti-protest laws as activists rally outside oil and gas conference

Climate activists face large penalties and three-month jail terms in bipartisan move which appears to have been hashed out on talkback radio

The Independent UK

Wisconsin tribe to ask court to shut down oil pipeline

Attorneys for a Wisconsin Native American tribe are set to present their arguments that a federal judge should order an energy company to shut down an oil pipeline because rapid erosion could expose it and cause a massive oil spill on reservation land

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