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The Latest Breaking News from Oil

Going green will not alone solve our energy crisis

City Voices: Why we are running out of gas

Evening Standard

Scholz urges Putin to withdraw troops for 'diplomatic' end to war

German Chancellor Olaf Scholz on Friday urged Russian President Vladimir Putin to seek a diplomatic solution to end the war in Ukraine, including troop withdrawals, Berlin said following a telephone call between the two leaders. Earlier on Friday Russia rejected US President Joe Biden's terms for talks between Russia and…

France 24

Yemen, UAE Coordinate to Deter Houthi Attacks against Economic Facilities

UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed with the Chairman of the Yemeni Presidential Leadership Council, Rashad Mohammed al-Alimi, coordinating efforts to deter Houthi terrorist attacks on oil export ports and economic facilities, according to Yemeni sources. Saba news agency stated that Alimi and the accompanying delegation discussed…

Asharq Al-Awsat

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read the most diverse news in one place.

UK national highways workers to strike; US jobs growth beats forecasts – business live

Union members working on England’s roads have announced 12 days of strike action over Christmas and the new year, while US added 263,000 jobs in November

The Guardian - UK

BP shares in Kremlin oil firm are ‘blood money’, says Zelenskiy adviser

British oil giant had said it would ‘exit Russia’ but still owns nearly 20% of state-controlled fossil fuel firm Rosneft

The Guardian - UK

Accelerating Business Solutions: PTT’s new business direction cools climate combustion to zero

The unexpected oil crisis emerging from the oil embargo against Russia, the world’s second largest crude oil exporter, has piled pressure on energy prices, supply shortages, and economic recession worldwide. The renewable energy benefits are currently absorbed beyond their actual purposes to build growth of clean energy for a sustainable…

Bangkok Post

Alleged crime kingpin Tony Haddad caught in Türkiye, deported to Australia

Tony Haddad went into hiding while on trial for his role in allegedly importing safrole oil, a banned substance that could produce more than two million MDMA tablets.

ABC News

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Chocolate spread makes everything better

A 5-ingredient, 5-minute chocolate miracle

Salon

EU edges closer to $60-per-barrel Russian oil price cap

The European Union is edging closer to a $60-per-barrel price cap on Russian oil

The Independent UK

Simple hack to remove oil from driveways using £1 staple household ingredient

Mrs Hinch fans have been sharing their advice on removing the unsightly stains from outside their homes, with one easy solution being the standout.

Daily Record

Half a century on, it's time to reassess the Whitlam government's economic legacy

After leading the Australian Labor Party to its first federal election victory in 23 years, Gough Whitlam wasted no time.

The Conversation

Despite soaring profits, oil companies are not paying enough for their environmental damage

At the end of the third quarter reporting season in October, the Big Four oilsands producers continued to report record profit levels. Collectively, Cenovus, CNRL, Imperial Oil and Suncor earned $5.8 billion in the third quarter and $23.1 billion in the first nine months of 2022. The average return on…

The Conversation

Just Stop Oil protesters ‘less assertive’ because suspected leaders in custody, Met boss says

Protesters have been marching on roads instead of gluing their hands to them

Evening Standard

Sunak pledges more police powers to tackle ‘completely unacceptable’ protests

Suella Braverman and policing minister Chris Philp met with police chiefs to discuss tackling the ‘guerrilla tactics’ used by Just Stop Oil.

The Independent UK

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The Independent UK

Just Stop Oil protesters ‘much less assertive’ without leaders, says Met boss

Police chiefs will meet Home Secretary Suella Braverman on Thursday to discuss the demonstrations.

Birmingham Post

Cramlington engineer Quanta seals brace of multimillion-pound oil and gas deals

The deals follow a multimillion-pound private equity investment into the business in September

Daily Mirror

'Psychopath' builder GUILTY of killing two escorts and burning body in incinerator

Mark Brown put Alexandra Morgan head-first into a home-made incinerator before dumping her remains. Leah Ware has never been found

Asharq Al-Awsat

IMF Expects 6.5 Percent GDP Growth for GCC Countries

GDP growth in the Gulf Cooperation Council (GCC) is expected to double this year, reaching 6.5 percent, a report issued by the International Monetary Fund (IMF) revealed. Surging commodity prices have limited the spillovers from the war in Ukraine and the impact from tighter global financial conditions, and have allowed…

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The Guardian - UK

Luxury for less! 11 delicious, impressive and cheap dishes, chosen by top chefs

From spaghetti with mussels to aubergine parmigiana, these recipes will wow everyone without breaking the bank

France 24

Founder of collapsed crypto exchange insists he 'didn't ever try to commit fraud'

Once a darling in the business and tech world, Sam Bankman-Fried has become a pariah. The founder of crypto exchange FTX, which declared bankruptcy last month, has given his first media interview since his platform collapsed. He denied any intention to commit fraud and pleaded ignorance at the mismanagement of…

Asharq Al-Awsat

Yemen Reiterates Security, Military Preparedness to Confront Houthis

The Yemeni government asserted the need to raise security and military readiness and called for popular support, hinting at resorting to "difficult choices" in response to Houthi terrorism. Prime Minister Maeen Abdulmalik affirmed that the government would continue to take practical and firm measures to combat corruption, activate the rule…

Birmingham Post

Tech firm that helps make 'virgin-quality' plastics from waste joins Loughborough University science park

Plastic Energy turns previously unrecyclable plastic waste into a recycled oil that can be used again in petrochemical plants

Reuters

Philippines needs to find ways to exploit South China Sea resources, says Marcos

The Philippines must find a way to explore for oil and gas in the South China Sea even without a deal with China, President Ferdinand Marcos Jr said on Thursday, emphasising his country's right to exploit energy reserves in the contested waterway.

Reuters

U.S. urges caution on low-quoted Russian oil prices as EU debates price cap

The Biden administration broke its silence on Wednesday on European Union deliberations over a $65-70 per barrel Russian oil price cap on Wednesday, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.

Bangkok Post

Sweet Meet to extend palm oil sales to consumers

Sweet Meet (Thailand), the producer of Ploen vegetable cooking oil for business clients, looks set to expand into palm oil for consumers next year.

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