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The Latest Breaking News from Oil

Iran and Saudi Arabia agree to resume relations after years of tension

Iran and Saudi Arabia on Friday agreed to reestablish diplomatic relations and reopen embassies after years of tensions, including a devastating attack on the heart of the kingdom's oil production.

WEKU

The real meaning behind little-known car warning lights as disruption likely

Millions of motorists are at risk of forking out thousands of pounds on car repairs by failing to identify car warning lights, a new study on vehicles has revealed.

Edinburgh Live

BP CEO pay doubles to $12M as high energy costs surge profit

Total pay for BP’s CEO more than doubled to $12 million last year

The Independent UK

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Texas youth organizers take aim at the biggest oil field in the US

Proposed El Paso climate charter seeks to prohibit use of city water for extraction projects including those in Permian Basin

The Guardian - US

Best joint supplements for dogs to keep them healthy and strong

Ruff and tumble

Evening Standard

Doubling of BP boss pay to £10m is a ‘kick in the teeth’, say campaigners

Bernard Looney’s bumper pay package follows annual profits of £23bn linked to soaring gas prices sparked by Russia-Ukraine war

The Guardian - UK

Oil Headed for Worst Weekly Drop since Feb on US Slowdown Fears

Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing economic growth and hitting fuel demand. Brent dipped 39 cents, or 0.5%, to $81.20 a barrel by 0745…

Asharq Al-Awsat

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Just Stop Oil activists accused of £100,000 damage in Treasury red paint stunt

Three Just Stop Oil protestors are accused of causing more than £100,000 of damage when red paint was daubed on the Treasury.

Evening Standard

‘Actually a fraud’: NSW Treasurer unleashes on independent

NSW Treasurer Matt Kean says an independent candidate in the NSW election is a fake who deserves to have her T-shirts "smeared in black oil".

The New Daily

Project scales up bio-based oil

BBGI Plc, SCG Chemicals Plc and QTC Energy Plc have signed a commercial collaboration agreement to jointly develop and manufacture bio-based transformer oil in a production trial said to be the first of its kind in Thailand.

Bangkok Post

Ukraine’s leading campaigner against Russian fossil fuels refused entry to top US energy conference

Svitlana Romanko travelled from her home in Ivano-Frankivsk, western Ukraine, to Houston, Texas before being denied entry to the event

The Independent UK

UN signs deal to salvage stranded oil from tanker off Yemen

The United Nations says it has signed an agreement to purchase a very large vessel that can transfer more than 1 million barrels of crude now stranded in a rusting old tanker off the coast of war-torn Yemen

The Independent UK

Experts warn against viral hack for defrosting windscreen as it may result in hefty fine

Driving experts have warned against a social media craze showing how to defrost vehicle windows using a popular oil as it could result in costly consequences for your motor

Daily Mirror

Shell’s van Beurden gets lucky. Harbour Energy doesn’t

Former CEO did handsomely on the back of high oil and gas prices while the windfall levy hits the small players harder

The Guardian - UK

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The Independent UK

‘Outrageous’ Shell bonus triggers call for higher windfall tax – but UK firms take hit from levy

‘The money being made out of Putin’s war should be helping struggling families’

Insider UK

Harbour Energy‘s profits ‘all but wiped out’ by windfall tax

UK oil and gas producer plans to cut both jobs and investment due to the energy levy backlash

Reuters

U.S. sanctions China-based network accused of supplying Iran drone maker

The United States on Thursday imposed sanctions on a China-based network over accusations it has shipped aerospace parts to an Iranian company involved in the production of drones that Tehran has used to attack oil tankers and exported to Russia.

Dynamite News

Olive oil by-product could aid exercise: Research

According to new research, a natural byproduct of olive oil production may have antioxidant properties and may help with exercise. Read further on Dynamite News:

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news in one place.

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Dublin Live

Five Dublin food businesses served closure orders in February

From rat droppings and dead mice, to water leaking from the staff toilet, soaking the carpet and flowing into the food storage area, here are the main reason why five venues in Dublin were closed in February

The Independent UK

Shell CEO pay up 50% as soaring energy prices boosted profit

The pay package for Shell’s CEO jumped by half last year to nearly $12 million

The Guardian - US

New Utah oil railroad by Colorado River raises health and climate fears

Railway is forecast to quadruple crude oil production in the Uinta Basin and will damage Biden’s climate credentials, campaigners say

The Guardian - UK

North Sea’s biggest energy producer claims UK windfall tax ‘wiped out’ surge in profit

Harbour Energy says it had to cut jobs and investment at same time as announcing new shareholder payouts taking total to $1bn

Bangkok Post

A year after the Ukraine invasion, oil market much changed

HOUSTON: A year after Russia's invasion of Ukraine, the oil market has become more fragmented and uncertain, a dynamic expected to boost crude prices over the long term.

ABC News

Burnett Mary Regional group to produce biofuel with commercial pongamia crop

An environmental group is set to produce biofuels for the Japanese aviation industry by establishing a commercial pongamia plantation in Queensland.

Al Jazeera

US issues warrant for $25m aeroplane owned by Russian oil giant

US government alleges the Boeing-made plane violated sanctions and commerce law by travelling to and from Russia.

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