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The Latest Breaking News from Oil

PTTEP faces $1.7bn suit over 2009 spill

JAKARTA: Indonesia is seeking at least 27.4 trillion rupiah (US$1.7 billion) in damages from PTT Exploration & Production Plc (PTTEP) in a planned lawsuit next year over the Montara oil spill, even after the Thai company reached an initial settlement with farmers in the area.

Bangkok Post

Irish motorists warned petrol and diesel price hike could be just around the corner

The average price of petrol now sits at €1.77 while diesel is €1.96 but filling up your tank might cost a lot more in a few weeks

Irish Mirror

Thanksgiving fire warning as chiefs caution against exploding turkeys - how to avoid it

The National Fire Protection Association have revealed more than 1,000 fires each year are caused by deep fryers on Thanksgiving, which results in $15million worth of property damage

Daily Mirror

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Russian strikes risked ‘nuclear catastrophe’, says Ukraine energy chief; Moscow says 50 PoWs freed – as it happened

Head of Ukrainian nuclear power company says Zaporizhzhia nuclear power station on diesel generators on Wednesday; Kyiv releases Russian PoWs

The Guardian - AU

Venezuela to restart opposition talks, hoping US eases sanctions

Venezuela’s government and opposition agreed to restart talks this weekend, ending a yearlong standoff and potentially opening the door for the U.S. to ease oil sanctions, according to people familiar with the situation.

Tribune News Service

Russia-Ukraine war at a glance: what we know on day 274 of the invasion

Volodymyr Zelenskiy calls for UN security council to take action after latest strikes; EU leaders fail to agree on price cap for Russian oil

The Guardian - AU

Fair Cop27? Where did Peter Dutton’s figure of $2tn for climate damage fund come from?

Meanwhile, BP’s CEO was in town spruiking the energy giant’s climate credentials, as its oil output increases from last year

The Guardian - AU

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Biden administration quietly approves huge Texas oil export project

The Sea Port Oil Terminal would be 30 miles off the Texas coast and is one of four proposed offshore terminals designed to dramatically expand the U.S. oil export capacity.

The Texas Tribune

PTT: Oil at $90 in 2023

Global crude oil prices are expected to keep decreasing to US$85-95 a barrel next year when the world economy slows down, according to analysts of national oil and gas conglomerate PTT Plc.

Bangkok Post

Just Stop Oil protest review finds police who arrested journalists 'lacked understanding'

It has also been revealed that two police officers involved had not completed their mandatory media training

Wales Online

Senior officers ordered ‘unlawful’ arrests of journalists at Just Stop Oil protests

Review finds arrests of four journalists covering climate protests last month were directed by senior officers

The Guardian - UK

Ciaran Caldwell recalls hilarious Emilio Izaguirre 'face plant' moment against Celtic

"Izaguirre did a Johan Cruyff turn and my nose nearly struck oil because it hit the ground that hard."

Belfast Live

Can Valero Energy Help Energize Your Portfolio This Fall?

Although oil and gas prices have fallen significantly from their highs, crude oil prices are expected to rise further because of the potential supply crunch. This could benefit oil and gas major Valero Energy (VLO). Moreover, the stock is trading above its 50-day and 200-day moving averages, indicating an uptrend.…

StockNews.com

Increase in fuel prices could be around the corner says AA Ireland

Lower prices for fuel across the country could be short-lived

Dublin Live

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Evening Standard

Tory MP calls for Just Stop Oil to be proscribed a ‘terrorist organisation’

Former minister Gareth Johnson called for a crackdown on Just Stop Oil and for them to be classified ‘terrorists’

The Independent UK

Tory MP calls for Just Stop Oil to be branded as terrorist organisation

Gareth Johnson says activists should be ‘treated like the criminal organisation they actually are’

The Independent UK

Three recipes that prove everything is better on toast

From a classic English muffin to curry on a naan, the possibilities are endless

The Independent UK

Chief constable tells wrongly arrested LBC journalist: I am truly sorry

Reporter Charlotte Lynch was handcuffed and left in a cell after being arrested while covering Just Stop Oil protests.

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St. Louis Post-Dispatch

Editorial: Cheap oil talks louder than justice in Biden's diplomacy with Saudi Arabia

When President Joe Biden screws up, he deserves to be called out just like any other American president. He had already generated considerable controversy with his hat-in-hand visit to Saudi Arabia during the summer to plead for more oil production to ease pressure on oil prices. The valid question at…

Asharq Al-Awsat

Yemen Calls for Collective International Action to Deter Houthi Terrorism

The Yemeni government urged the international community to take collective action to deter the Houthi militia terrorism, saying condemnation statements shouldn't be enough. This came following a Houthi attack using drone against an oil terminal in eastern Yemen. The attack targeted Al Dabba oil terminal, near the port city of…

Evening Standard

FTSE 100 Live: Markets upbeat, Halfords and Britvic report results

Stock market confidence continues to build after the FTSE 100 index today held its position at a two-month high.

Asharq Al-Awsat

US, Allies to Set Russia Oil Price Cap in 'Next Few Days'

Washington and its allies are planning to finalize a price cap for Russian oil in "the next few days," as they seek to cut off a critical source of funding for Moscow, the US Treasury Department said Tuesday. The price cap would be the basis for a ban set to…

Daily Record

Meet the bright spark dog trained to sniff out faults in Scotland’s power network

Jac, a seven-year-old springer spaniel, can find scent of underground problems and point them out with his paw to engineers.

Bangkok Post

GPSC presses on with renewable energy bid

Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, aims to become a renewable energy-driven company by 2030 to help the government fight global warming and better cope with high global energy prices.

The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 273 of the invasion

G7 nears a Russian oil price cap; Ukraine setting up ‘invincibility centres’ with heat and power for winter

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