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The Latest Breaking News from Oil

COP28 fury as one of world’s biggest oil barons appointed president of climate talks

EXCLUSIVE: Campaigners hit out at 'cruel joke' after Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company, picked to lead crucial UN climate summit.

Daily Record

Alaska governor pitches plan to capitalize on carbon markets

Alaska Gov. Mike Dunleavy is proposing the state capitalize on carbon markets to help shore up revenues long reliant from the proceeds from oil and gas

The Independent UK

Venezuelan economy grew above 15% in 2022, president says

Venezuela's economy expanded around 15% last year, President Nicolas Maduro said on Thursday during his annual state of the nation address, crediting the expansion to diversification of the largely oil-focused economy.

Reuters

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AP photographer Jack Smith, who shot Mount St. Helens, dies

Jack Smith, an Associated Press photographer who captured unforgettable shots of the eruption of Mount St. Helens, the Exxon-Valdez oil spill and the Olympics during his 35-year career with the news organization, has died

The Independent UK

Shop owner Ben Hull nervous about increasing prices, bumping menu items, but what's the alternative?

With the cost of oil, chips and cheese almost doubling, Ben Hull had to make changes to his burger shop menu. It makes him anxious and embarrassed, but a peak industry group says without price increases, small businesses would struggle to survive.

ABC News

BCP has high hopes for buyout of Esso

Energy conglomerate Bangchak Corporation Plc (BCP) expects its buyout of Esso (Thailand) Plc for 55.5 billion baht to pave the way for higher revenue, gaining a larger market share in the oil retail business and lower costs, though the new asset acquisition will increase its debt.

Bangkok Post

Study: Exxon Mobil accurately predicted warming since 1970s

A new study says Exxon Mobil’s scientists were remarkably accurate in their predictions about global warming

The Independent UK

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Exxon climate predictions were accurate decades ago. Still it sowed doubt

Exxon's climate research decades back painted an accurate picture of global warming, according to a new scientific paper. Still, the oil company continued climate-denying policy efforts.

WEKU

Explosion Breaks Chinese Tanker in Half; Two Crew Members Missing

Disaster in heavily traveled area of Yellow Sea near Qingdao didn’t result in a crude spill as the vessel wasn’t loaded

Caixin Global

This oil giant accurately predicted global warming — and still lied about it

New research finds ExxonMobil's internal research accurately projected global warming, even as their public messaging downplayed climate change.

Inverse

U.S. House passes bill banning exports of reserve oil to China

The U.S. House of Representatives overwhelmingly passed a bill on Thursday to ban releases of oil from the U.S. Strategic Petroleum Reserve from being exported to China, though the measure faces an uncertain future in the Senate.

Reuters

UAE names its oil company chief to lead U.N. climate talks

The United Arab Emirates nominated Sultan al-Jaber, who both leads Abu Dhabi's state-run oil company and oversees its renewable energy efforts, to be the president of climate negotiations in Dubai.

WEKU

Two veto referendum campaigns and California executive departments disagree on when referendums suspend fast food workers and oil and gas laws

The campaign Save Local Restaurants filed 1 million signatures for a veto referendum to overturn California Assembly Bill 257 (AB 257), also known as the FAST Act, on Dec. 5, 2022. At least 623,212 signatures must be valid. Counties have until Jan. 25, 2023, to check a random sample of…

Ballotpedia

Hacks that will change your skincare game

Glowing and healthy skin is always in demand. Overall, it gives the complexion a more lively, youthful, and healthy appearance. However, there are some wise hacks you may try to make your skin softer and sparkling if you're wondering how to achieve clear skin without having to invest tidy cash.

The Times of India

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The National (Scotland)

FMQs suspended as oil protester shouts from public gallery

FIRST Minister’s Questions was suspended on Thursday afternoon after an oil protester began shouting from the public gallery.

The Conversation

Green hydrogen: why low-carbon fuels are not benefiting from high fossil fuel prices

The number and scale of projects using and making hydrogen, a gas that releases energy when burned without emitting carbon dioxide, is rapidly growing. If its construction goes to plan, a €2.5 billion (£2.18 billion) undersea pipeline will convey “green hydrogen” from Spain to France from 2030.

Radio France Internationale

Further petrol shortages loom as French oil workers' union calls strike

As the CGT group plans to stop work at oil refineries to protest the government's proposals for pension reform, Prime Minister Elisabeth Borne has called on trade unions opposed to the reform "not to penalise the French".

Evening Standard

Windfall taxes unfairly punish the North Sea independents we rely on for oil and gas

The UK’s North Sea has changed – so too must the way we tax it

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Daily Mirror

Inside Mielle hair oil TikTok controversy and fears over haircare gentrification

A deep delve inside the debate surrounding Mielle Organics hair oil, after a viral TikTok video sparked important conversations online about Black-owned beauty brands and products

Al Jazeera

UAE names oil company chief to lead UN’s COP 28 climate talks

Sultan al-Jaber, CEO of the Abu Dhabi National Oil Co, will preside over the next round of climate talks in Dubai.

WEKU

Oil, human rights, security: Here's what's in store for U.S.-Gulf relations in 2023

Visiting Saudi Arabia last summer, President Biden tried to reassure Arab leaders of U.S. commitment to the region's security. But Gulf nations aren't necessarily rushing to side with Washington.

France 24

UAE names head of national oil company to lead COP28 climate talks

The United Arab Emirates on Thursday named a veteran technocrat with experience in both renewable energies and the oil business to be the president of the upcoming United Nations climate negotiations in Dubai, highlighting the balancing act ahead for this crude-producing nation.

Asharq Al-Awsat

Saudi Arabia Accelerates Transition to Clean Energy

The second edition of the Future Minerals Forum kicked off in Saudi Arabia under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz. The Forum aims to develop dialogue on the future of minerals and investment in mining and boost cooperation throughout the area extending…

Insider UK

North east economy 'will not decline' as oil and gas production falls – Matheson

Meanwhile, the Prime Minister offers 'wholehearted support' for the Scottish oil and gas industry

Bangkok Post

UAE oil chief to head UN climate talks

The head of the United Arab Emirates’ national oil company has been named president of this year’s COP28 climate talks, promising a “pragmatic” approach to tackling global warming.

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