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The Latest Breaking News from Oil

3 Energy Stocks That Are Screaming Buys Right Now

Despite the recent retreat in oil and gas prices from their peaks, analysts expect energy prices to rise, driven by substantial demand and restricted supply. A surge in demand due to the reopening of China’s economy could significantly boost oil and gas prices. Given the industry tailwinds, we think it…

StockNews.com

Republicans Want More Control Over America's Oil Reserve. They Should Scrap It Instead.

The Strategic Petroleum Reserve is supposed to insulate the U.S. from oil embargoes and foreign wars. More often, it has been used like an insurance policy for private companies.

Reason

In Pennsylvania, Hopes Rise But Questions Remain About New Governor’s Environmental Agenda

Josh Shapiro has revealed little about his policy proposals.

Capital & Main

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Elon Musk Says Peak Oil Demand Will Be Reached Within 5 Years

The Tesla and SpaceX founder might actually be right, but the world is still expected to be using a lot of oil even by the middle of the century.

InsideEVs

2 Momentum Stocks You'll Kick Yourself Later for Not Buying Now

Given the inflationary environment, the Fed’s committed efforts in bringing inflation down to its 2% target will likely keep the market volatile in the near term. Therefore, Overseas Shipholding Group (OSG) and Adams Resources & Energy (AE), which have maintained strong momentum despite market fluctuations, could be ideal buys now.…

StockNews.com

Deforestation in Brazil: Soya farming eats up savanna region

Deforestation in Brazil has reached record levels. In 2022, the worst year so far, some 10,573 square kilometres of vegetation were replaced with enormous farms. Many of these farms export soy around the world, for use as livestock feed and oil. The north-eastern Brazilian state of Bahia has suffered extensively…

France 24

Yellen says Russian oil price cap could save African countries $6 billion annually

Russia's war in Ukraine is hitting Africans particularly hard by exacerbating food insecurity and putting an unnecessary drag on the continent's economy, U.S. Treasury Secretary Janet Yellen said in Senegal's capital Dakar on Friday.

Reuters

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Marks and Spencer giving away £60 worth of products to anyone who spends £25

Shoppers can try luxury brands like L’Occitane, Neal’s Yard, Ren and NEOM for a LOT less

Manchester Evening News

Labour frontbench invited to Aberdeen after Starmer rules out oil investment

The Aberdeen and Grampian Chamber of Commerce accused the Labour leader of misunderstanding the energy transition.

The Independent UK

Exxon’s predictions about the climate crisis may have increased its legal peril

Several US states say news that Exxon scientists predicted global heating accurately strengthens their lawsuits against company

The Guardian - US

North east oil and gas industry is an ‘economic force for good’

Survey suggests that the region has 'national backing' despite Scottish Government's presumption against new drilling

Insider UK

Shetland sends short-film plea to Norway over oil field plans

SHETLANDERS have sent a “message in a bottle” plea to Norway to oppose development of a controversial oil field.

The National (Scotland)

OR targets 7,000 EV charging units by 2030

PTT Oil and Retail Business Plc (OR) has vowed to become Thailand's largest electric vehicle (EV) charging service provider, with the number of charging outlets projected to increase to 7,000 by 2030 under the company's "Rise OR" concept.

Bangkok Post

Emissions don't discriminate, people do

What real estate, oil wells, racism and yogurt containers reveal about the disparate damages caused by fossil fuels

Salon

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Salon

McCarthy puts Big Oil faves on key panel

The 21 Republicans on the Natural Resources Committee took a combined $3.8 million from Big Oil companies

The Guardian - UK

Colin Campbell obituary

Other lives: Exploration geologist for companies including BP and Amoco concerned with the energy constraints posed by ‘peak oil’

The Guardian - UK

Cash and the crown estate: a look at the British monarchy’s funding deal

The taxpayer funded sovereign grant will not accrue extra money from the monarch’s £1bn-a-year offshore wind leases. But the crown still has revenue from oil and gas drilling rights and real estate

Daily Record

Hundreds of North Sea jobs at risk after Scots oil giant reacts to windfall tax

Workers at Harbour Energy were informed yesterday that jobs are at risk following the tax hike.

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The Guardian - UK

‘Ridiculous’: Greta Thunberg blasts decision to let UAE oil boss chair climate talks

Climate activist at Davos says lobbyists have been influencing conferences ‘since forever’

Reuters

Davos 2023-'Open for business' Labour slams PM Sunak no-show

British Labour Party leader Keir Starmer set out his green growth plan in Davos on Thursday and criticised British Prime Minister Rishi Sunak for not showing up at the annual meeting of the World Economic Forum.

Reuters

Naftogaz ex-CEO suspected of embezzlement, Ukraine anti-graft agency says

A former head of Ukraine's state-owned oil and gas company Naftogaz is suspected of embezzling the equivalent of around $10 million, the National Anti-Corruption Bureau of Ukraine said on Thursday.

The Conversation

Installing solar-powered refrigerators in developing countries is an effective way to reduce hunger and slow climate change

Food loss and waste are major problems around the world. When food is tossed aside or allowed to spoil, it makes economies less productive and leaves people hungry.

The Independent UK

Poland reviews security after divers found near key port

Poland's prime minister has requested a security review of strategic infrastructure after three foreign divers were rescued from near a key oil port where they had no authorization to be

Nottingham Post

Mum on benefits spoils toddler with designer gear - from Gucci trainers to £1k gold dummy

Jareem, one, owns £750 Versace chain, a £925 diamond encrusted bracelet and a £1,000 solid gold dummy

Bangkok Post

OR aims for 7,000 EV charging points by 2030

PTT Oil and Retail Business Plc (OR) aims to become the country’s largest electric vehicle (EV) charging service provider, with 7,000 outlets by 2030 under its “Rise OR” concept, says new chief executive Disathat Panyarachun.

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