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The Latest Breaking News from Oil

EXPLAINER: Why has Syria's economic crisis hit a new low?

Syria’s economy has hit its lowest point since its civil war started nearly 12 years ago, with spiraling inflation, a currency plunge and severe fuel shortages

The Independent UK

Westminster urged to halt exploration of undeveloped North Sea oil field

THE UK Government is being urged to scrap exploration of an undeveloped North Sea oil field and transition away from fossil fuels.

The National (Scotland)

UK Government urged to reject ‘climate-wrecking’ Rosebank oil field plans

It is thought to be the biggest undeveloped oil and gas field in the North Sea, with potentially 500 million barrels

Insider UK

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3 Stocks With Strong Momentum to Buy This New Year

The stock market witnessed significant volatility due to macroeconomic headwinds last year. While the market could remain under pressure in the near term, strong momentum stocks TotalEnergies (TTE), North American Construction (NOA), and Overseas Shipholding (OSG) might be able to sustain their gains, given their solid fundamentals. Therefore, these stocks…

StockNews.com

Global economy 2023: how governments could make the energy crisis worse this year

This is the second instalment in our series on where the global economy is heading in 2023, which started with this article on global inflation.

The Conversation

As California pursues aggressive climate goals, what happens to its oil and gas workers?

As California transitions away from fossil fuels in the years ahead to pursue aggressive climate goals, an increasing number of oil and gas workers across the state will be forced to put their skills to use elsewhere.

Tribune News Service

Xi seeks to resolve issues with Manila 'cordially'

BEIJING: China is ready to resume oil and gas talks and manage maritime issues “cordially” with the Philippines, President Xi Jinping said on Wednesday, according to Chinese state television.

Bangkok Post

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4 Momentum Stocks to Get in on Right Now

While a slowdown looks inevitable, the U.S. economy might narrowly avoid a recession this year. Moreover, experts believe the stock market can recover in 2023. Therefore, investors might consider buying quality momentum stocks Schlumberger (SLB), Overseas Shipholding (OSG), Epsilon Energy (EPSN), and Adams Resources & Energy (AE) now. Keep reading….

StockNews.com

Oil fund considering second B30bn loan

The Oil Fuel Fund Office (Offo) is considering seeking an additional 30-billion-baht loan within March to repay debts incurred by using the fund to subsidise diesel and liquefied petroleum gas (LPG) prices.

Bangkok Post

Prepare for a 'slowcession' in 2023, says one of the first economists to predict the 2008 financial crash

The year ahead will no doubt be tough for the U.S. economy, but the chief economist at Moody’s Analytics wants us to be a little more optimistic.

Fortune

Indonesian court jails former trade official, palm oil company execs

An Indonesian court on Wednesday sentenced a former senior official at the trade ministry and three palm oil company executives to jail in a case about improper palm oil export permits, according to lawyers.

Reuters

Consuming Extra Virgin Olive Oil During Pregnancy Boosts Breast Milk Quality

Our results support that diets enriched with extra virgin olive oil could modify or increase the chemical content of breast milk.

Zenger

The hidden gem cookbooks from 2022 that you might have missed

Prudence Wade picks out the best foodie books you won’t want to miss from this year

The Independent UK

Germany lagging emissions goals despite renewables boom - think tank

Germany's carbon dioxide emissions held steady last year, jeopardising its climate targets as higher use of oil and coal offset lower energy consumption and record renewables output, data from climate think tank Agora Energiewende showed on Wednesday.

Reuters

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Wales Online

Warning to dog walkers after toxic oil berg washes up on beach in Wales

Many dogs have become seriously ill or died after licking or eating oil bergs

Fortune

Investors fear Petrobas's new CEO—despite his energy industry pedigree

The appointment of Jean Paul Prates as CEO of the state-owned Petrobras sparked a selloff in the oil giant's stock.

Bangkok Post

BCPG to expand via Asia Link acquisition

BCPG Plc, the clean power generation arm of energy conglomerate Bangchak Corporation Plc, is acquiring the entire shareholding in Asia Link Terminal Co, a provider of oil storage services, in a move aimed at expanding its businesses related to oil terminal and seaport projects.

Bangkok Post

Innobic profit driven by pharma interests

Innobic (Asia), the life science arm of national oil and gas conglomerate PTT Plc, expects to earn first-year profit of more than 100 million baht, driven in particular by its medicine business.

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news in one place.

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ABC News

FTX crypto founder Sam Bankman-Fried pleads not guilty, ASX rebounds

Australian shares have rebounded from a two-month low, despite losses on Wall Street as shares of Apple and Tesla slumped, while FTX founder Sam Bankman-Fried pleads not guilty to fraud charges.

The Independent UK

Photo of Bolsonaro eating KFC in Florida after Brazil election loss inspires memes – and even an oil painting

Defeated right-winger skipped Lula’s inauguration and went to Florida instead

Ballotpedia

Federal opposition to ESG in 2023

From state treasurers divesting pension and operating funds from BlackRock and other ESG providers to state attorneys general investigating the same providers over the impact of ESG on assorted policy matters, state officials led the pushback against environmental, social, and corporate governance investing in 2022.

Asharq Al-Awsat

Iraq Oil Revenues Top $115 Billion in 2022

Iraq's oil revenues in 2022 exceeded $115 billion, according to preliminary figures announced by the oil ministry on Tuesday -- a four-year high following a collapse in prices during the coronavirus pandemic. Oil production accounts for some 90 percent of Baghdad's income, and the country is the second largest producer…

StockNews.com

DVN vs. BRY: Which Energy Stock Is More Appealing Right Now

Energy prices are projected to expand again in 2023, which should garner broader margins for the industry. Moreover, amid a favorable outlook of the industry, quality energy stocks Devon Energy (DVN) and Berry (BRY) might register solid gains. But which stock is more appealing right now? Let's find out….

The Independent UK

Eating olive oil during pregnancy ‘boosts quality of breast milk’

Birmingham Post

Humber's offshore wind could power North Sea's energy transition as Neptune and Orsted explore potential

Oil and gas production assets could add hydrogen and carbon capture to the mix - with wind providing the oomph

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