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The Latest Breaking News from Oil

Diesel sales fall 3% in Sept., petrol up 5.4%

In Sep 2023, diesel sales in India fell 3% YoY due to receding monsoon & slowing industrial activity. Petrol sales rose 5.4% YoY, while LPG & ATF demand increased 6% & 7.5% respectively. Economic data suggests broad-based expansion & OPEC sees oil demand rising 2,20,000 bpd. Pre-COVID levels of consumption…

The Hindu

The UAE holds an annual oil and gas conference just ahead of hosting UN COP28 climate talks in Dubai

The Emirati president-designate of the upcoming United Nations COP28 climate talks has called on oil and gas companies to be “central to the solution” to fighting climate change, even as the industry boosts its production to enjoy rising energy prices

The Independent UK

Boiling Point review: Exhilarating TV spinoff takes us back inside the turbulence of the kitchen

The series reunites a number of key creatives from the 2021 feature film ‘Boiling Point’, picking up the story in the aftermath of that calamitous evening

The Independent UK

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Crude Inventories, Jobs and Other Market Moving Items to Watch This Week

We’ll see some key data releases this week as well as some potentially market-moving news. Here are 5 things to watch in the market this week.

Barchart

A 'hawkish' Reserve Bank rates decision will be bad for borrowers, good for savers

Business & investing: ANZ Bank economists expecting rate rise before year's end, but Kiwibank thinks hikes aren't necessary, writes Andrew Patterson

Newsroom.co.nz

Coconut farmers plan Raj Bhavan Chalo agitation tomorrow

Karnataka coconut farmers, supported by KRRS, plan Raj Bhavan Chalo agitation to demand MSP of ₹20,000/quintal from Centre & ₹5,000/quintal from State. Farmers allege anti-farmer import-export policy & NAFED's poor quality restrictions have caused copra price collapse. They also demand halt to edible oil & coconut product imports, procurement of…

The Hindu

Oil firms raise ATF, commercial LPG prices

State-run Oil marketing companies (OMCs) have hiked the prices of 19-kg commercial liquefied petroleum gas (LPG) cylinders by a little over ₹200 each with effect from October 1

The Hindu

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How the Yom Kippur war led to a new order within Israel and beyond

Egypt and Syria’s joint attack ushered in a new dynamic around the fracture lines in the Middle East

The Guardian - UK

LPG price hike: 19-kg commercial gas cylinder price hiked by Rs 209, say sources

Oil Marketing Companies have increased the price of 19 kg commercial LPG gas cylinder by Rs 209. The new prices will come into effect from today. Read further on Dynamite News:

Dynamite News

TV tonight: unbearable pressure in new kitchen drama Boiling Point

Stephen Graham and Vinette Robinson star in the sequel series to the 2021 film. Plus, who is the first celebrity to leave Strictly? Here’s what to watch this evening

The Guardian - UK

Russia-Ukraine war at a glance: what we know on day 585 of the invasion

Nine injured as blaze erupts at oil pipeline in western Ukraine; drone attack in southern Russia leaves one hurt

The Guardian - AU

Engineers, scientists to squeeze more out of oil, gas

A long-time engineering and construction contractor to oil and gas giants says it has a chance to play both sides of the energy and resources transition.

AAP

Make Italian wedding soup this weekend

It's kind of a perfect meal — all in one bowl

Salon

Hundreds gather in London to protest Rosebank oilfield approval

HUNDREDS of protesters have gathered in London to demand the UK Government rethink approval for the controversial Rosebank offshore development.

The National (Scotland)

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Evening Standard

Hundreds protest in central London against Rosebank oilfield approval

Some 200 climate activists gathered outside the Department for Energy Security and Net Zero’s central London offices

The Hindu

Godrej Agrovet breaks ground for integrated palm oil complex in Khammam

Telangana’s oil palm mission aims to bring 20 lakh acres under cultivation across the State.

Fortune

5 economic shocks are about to hit the U.S. all at the same time: ‘There are storm clouds out there forming that we're all seeing and watching—fearfully’

Jerome Powell was asked if he shares the Fed staff’s view that the economy is headed for a soft landing last month. “No, I would not do that,” he said.

The Independent UK

UAE's president-designate for UN COP28 offers full-throated defense of nation hosting climate talks

The Emirati president-designate for the upcoming United Nations COP28 climate conference has offered a full-throated defense of his nation hosting the talks

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Barchart

Crude Settles Lower on Global Energy Demand Concerns

November WTI crude oil (CLX23 ) on Friday closed down -0.92 (-1.00%), and Nov RBOB gasoline (RBX23 ) closed down -6.67 (-2.70%). Nov WTI crude oil and gasoline prices Friday retreated, with gasoline tumbling to a 4-1/2 month low. Crude prices were under pressure after Friday’s weaker-than-expected global economic news...

WEKU

Biden calls for up to 3 offshore oil leases in Gulf of Mexico, upsetting both sides

The administration's proposal seeks to strike a balance between energy companies seeking greater oil and gas production and environmental activists who want Biden to shut down new offshore drilling.

Barchart

Crude Prices Retreat on Global Energy Demand Concerns

November WTI crude oil (CLX23 ) this morning is down -0.65 (-0.71%), and Nov RBOB gasoline (RBX23 ) is down -5.51 (-2.23%). Nov WTI crude oil and gasoline prices this morning are moving lower, with gasoline tumbling to a 4-1/2 month low. Crude prices are under pressure after today’s weaker-than-expected...

The Guardian - UK

Activists stage Rosebank oilfield protest outside offices of Labour frontbench

Party urged to commit to revoking licence for site in North Sea and back comprehensive Green New Deal

Barchart

Stick With Chevron Stock - It Could Have Further to Rise

Chevron stock has risen with oil's move higher. It is also likely to report strong Q3 cash flow and a dividend hike soon. Shorting out-of-the-money put options for income looks attractive here.

Al Jazeera

India’s pickle people: Decades-old culinary heirlooms, nostalgia

A self-proclaimed pickle enthusiast explores India’s familial pickle-making traditions, which stretch back generations.

The Independent UK

Biden calls for up to three oil and gas lease sales in the Gulf of Mexico, disappointing all sides

President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska

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