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The Latest Breaking News from Oil

Top Biden adviser says US won’t rush to fill petroleum reserve

WASHINGTON — The U.S. is committed to replenishing the Strategic Petroleum Reserve but won’t rush to do so immediately despite the recent decline in oil prices, a top Biden administration official said.

Tribune News Service

What's next for Alaska's Willow oil project? AP explains

The Biden administration’s approval this week of the largest new oil project in years on Alaska’s petroleum-rich North Slope has immediately been met by lawsuits seeking to stop the Willow project

The Independent UK

The Willow project explained

The venture is supposed to secure energy independence and Alaskan prosperity. It probably won’t do either

Salon

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Ex-UK defence chiefs warn AUKUS could end in disaster

Midnight Oil frontman and ex-UK defence chiefs the latest to question the AUKUS nuclear-powered submarines deal

The New Daily

3 reasons the Willow Arctic oil drilling project was approved – it's the latest battle in a long fight over Alaska's North Slope

For more than six decades, Alaska’s North Slope has been a focus of intense controversy over oil development and wilderness protection, with no end in sight. Willow field, a 600-million-barrel, US$8 billion oil project recently approved by the Biden administration – to the outrage of environmental and climate activists –…

The Conversation

Biden climate legacy at stake after backlash over Willow

President Joe Biden has made fighting climate change a core part of his agenda

The Independent UK

Hamilton doesn't share other F1 drivers' views on Saudi GP safety

F1 heads back to Jeddah for the second race of the 2023 season this weekend, the first event after the 2022 edition was marred and nearly aborted following the threat of a drivers' strike in the aftermath of a Houthi missile strike on a nearby Aramco oil facility during practice.

Motorsport

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Lewis Hamilton hints at disquiet over F1’s return to Saudi Arabia a year on from terrorist attack

Last year’s race eventually took place after four hours of talks following an attack on an oil depot

Evening Standard

Saudi Arabia, Russia Stress Commitment to OPEC+ Decision on Oil Output Cuts

Saudi Minister of Energy Prince Abdulaziz bin Salman met in Riyadh on Thursday with Russian Deputy Prime Minister Alexander Novak who is visiting the Kingdom, the Saudi Press Agency reported. They discussed global oil markets and the efforts of OPEC+ to promote market stability, SPA said. They also stressed their…

Asharq Al-Awsat

The 5 foods longevity expert Dr. Mark Hyman eats each day to stay biologically 20 years younger than his age

Dr. Mark Hyman, author of “Forever Young,” says certain foods can help slow the aging process.

Fortune

3 Momentum Stocks to Buy More of in March

While the interest-rate hikes by the Fed have weighed heavily on market sentiments and fortunes of three banks so far, stocks such as Overseas Shipholding Group (OSG), Adams Resources & Energy (AE), and MV Oil Trust (MVO) have shown solid momentum lately and are well-positioned to maintain the same. So,…

StockNews.com

Warren Buffett Loads Up On Occidental Stock As Energy Stocks Plummet

Warren Buffett is targeting Occidental Petroleum share prices no higher than $62.

Investors Business Daily

Best foundations for combination skin tried and tested

These makeup heroes provide hydration while mattifying oily zones

Evening Standard

Attorney Ken Feinberg Steps In After Disaster Strikes

Feinberg has spent the last four decades administering compensation for victims and survivors of high-profile disasters.

Investors Business Daily

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France 24

Controversy over Willow Project as US approves oil drilling in Alaska

The Biden administration has made tackling climate change a key plank of its platform. But a new decision from the White House has left environmental activists fuming. This week, it approved a massive oil drilling project in Alaska known as the Willow Project. We take a closer look and get…

Motorsport

How Motul leverages on motorsports to improve products for everyday consumers

Motul has tapped into its decades of experience to produce these new offerings: Motul Kawasaki Genuine Oil Ultimate 10W-50 and Motul Kawasaki Genuine Oil Power 10W-40, which were both launched in Indonesia’s recent WSBK round. Specially formulated for Kawasaki with ESTER base technology, KGO by Motul is claimed to be…

Los Angeles Times

Commentary: Who profits from Southern California’s high gas bills? The problem is we don’t know

The doubling and in some cases quadrupling of Southern Californians’ natural gas bills in recent months stemmed from rapid price spikes in the so-called spot market, a real-time wholesale market for the fuel. The lack of transparency in California’s spot market for gasoline played a similarly major role in the…

The Independent UK

Major oil project approval intensifies Alaska Natives' rift

The Biden administration’s approval this week of the biggest oil drilling project in Alaska in decades promises to widen a rift among Alaska Natives

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Bangkok Post

Navy rushes to prevent oil spill in Gulf

Authorities on Thursday were working to avert a leak from a storage vessel carrying 400,000 barrels of crude oil in the Gulf of Thailand off Chon Buri.

The Independent UK

With Saudi deals, US, China battle for influence in Mideast

In a matter of days, Saudi Arabia carried out blockbuster agreements with the world’s two leading powers

The Independent UK

California regulators could decide oil profits penalty

California Gov. Gavin Newsom says he wants state regulators to decide whether to impose the nation's first penalty on oil companies for price gouging

Investors Business Daily

Is It Time To Buy Or Sell ExxonMobil Stock As It Breaches A Resistance Level?

ExxonMobil reclaimed a critical moving average. Is now the time to buy shares?

Insider UK

Chamber says Aberdeen should become Investment Zone - and warns UK Government ‘must wake up to damage being done to oil and gas industry’

Aberdeen & Grampian Chamber of Commerce calls for action on energy security

The Guardian - UK

Budget does little to meet UK’s net zero carbon goals, say campaigners

Chancellor silent on home insulation, oil and gas windfall tax, and onshore windfarms – but freezes fuel duty

The Guardian - UK

Climate activists must target power structures, not the public

Letters: Dr Laura Thomas-Walters, Tim Williamson and Paul Chandler respond to Jack Shenker’s article which asked if the disruptive tactics of groups such as Extinction Rebellion and Just Stop Oil are working

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