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The Latest Breaking News from Oil

Oil firms have internally dismissed swift climate action, House panel says

Documents show the fossil fuel industry ‘has no real plans to clean up its act’ and took steps to continue business as usual

The Guardian - US

Russia oil price cap comes into force: How will it impact India

NEW DELHI: The Group of Seven (G7) nations, the European Union and Australia imposed a $60 per barrel price cap on Russian seaborne crude oil, with effect from Monday.

The Times of India

NBA star Steph Curry uses awards speech to give his thoughts on Brittney Griner release

Warriors ace Steph Curry spoke about the release of female basketball star Brittney Griner, who was held in Russia since February after being accused of bringing in cannabis oil

Daily Mirror

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Federal data: Kansas oil spill biggest in Keystone history

Federal data indicates that an oil spill in northeastern Kansas this week is the largest for an onshore crude pipeline in more than nine years and by far the biggest in the history of the Keystone pipeline

The Independent UK

TotalEnergies to ‘gradually withdraw’ from Russian investments

World’s fifth-largest oil firm finally bows to pressure after invasion of Ukraine, removing representatives from Novatek board

The Guardian - UK

Putin threatens oil production cuts over price cap

President says future prisoner swaps with US are possible and Russia’s hypersonic weapons would defend it if attacked.

Al Jazeera

Skills shortage warning from oil and gas in transition to Net Zero

Offshore Energies UK flags issue as numbers drop in a decade despite being on the cusp of huge opportunities

Birmingham Post

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How to Find the Best Energy Stocks

Energy stocks can expose investors to volatile oil and gas prices. Here's how to find the best energy stocks to buy now.

Kiplinger

Twisted dad Chris Watts revealed how he killed wife and kids in sick letters

WARNING: DISTRESSING CONTENT Twisted dad Chris Watts confessed to 'murdering' his two daughters 'twice' in one of the sick and twisted letters he sent to true crime author Cherylin Cadle from his prison cell

Daily Mirror

Xi Jinping lauds ‘new era’ in China’s ties with Saudi Arabia as key energy and defence deals are sealed

Xi Jinping to meet other Gulf oil producers and attend a wider summit with Arab league countries

The Independent UK

Capping energy prices: EU talks on gas reveal stark divisions

Recent discussions in Europe about a gas price cap are said to have been tough, heated and even ugly. The European Commission has put a proposal on the table, but EU member states are finding it difficult to reach a compromise among themselves – despite giving their political support to…

France 24

Inside Just Stop Oil: ‘If I just waved a placard, nothing would change’

As police predict more disruption from Just Stop Oil, Kate Wills goes behind the orange banners to learn how the protest group operate—from coping techniques to an emotional support hotline

Evening Standard

Brittney Griner lands back on US soil after being freed from Russia in prisoner swap for Viktor Bout

Plane carrying the WNBA star landed in San Antonio at around 5.30am ET on Friday morning

The Independent UK

US Imposes Sanctions on Turkish Businessman for Helping IRGC

The Biden administration levied sanctions on Thursday on prominent Turkish businessman Sitki Ayan and his network of firms, accusing him of acting as a facilitator for oil sales and money laundering on behalf of Iran’s Revolutionary Guard Corps (IRGC). Ayan’s companies have set up international sales contracts for Iranian oil,…

Asharq Al-Awsat

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Radio France Internationale

Saudi Arabia gathers China's Xi with Arab leaders in 'new era' of ties

Chinese President Xi Jinping meets with Arab leaders on Friday at "milestone" summits hosted by Saudi Arabia in a show of strength by Crown Prince Mohammed bin Salman as an aspiring leader of the Middle East and key partner for global powers.

Al Jazeera

China, Saudi Arabia strengthen partnership on energy, defence

Beijing and Riyadh say they will ‘firmly support each other’s core interests’ during an official visit by Xi Jinping.

Tribune News Service

Faye Flam: Let's leave the oil — and the ‘zombie viruses’ — under the permafrost

Vast stretches of permafrost are melting as the Earth’s polar regions warm, thawing ancient viruses and bacteria that had remained frozen for tens of thousands of years. Behind the lurid headlines about “zombie viruses,” there’s some fascinating science — and a warning.

Los Angeles Times

George Skelton: Penalizing high gas costs could be 2023’s biggest legislative fight. Hopefully, lawmakers learned from the past

SACRAMENTO, Calif. — There are worse things than being gouged at the gas pump. You could be shut out at a dry pump.

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Reuters

China's Xi calls for oil trade in yuan at Gulf summit in Riyadh

President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.

France 24

China's Xi strikes deals with Saudi royals during 'milestone' visit

Chinese President Xi Jinping signed a raft of deals with Saudi officials during a three-day visit to Riyadh as Beijing seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances.

Asharq Al-Awsat

Twenty Oil Tankers Wait to Cross Istanbul's Bosphorus Strait

One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up. On Thursday, dismissing pressure from abroad over the lengthening queue,…

Reuters

Vietnam vessel saves 154 Rohingya from sinking boat, transfers to Myanmar navy

A Vietnamese oil service vessel rescued 154 people from a sinking boat in the Andaman Sea and has transferred them to Myanmar's navy, state media reported, a group that was confirmed by activists as minority Rohingya Muslims.

Asharq Al-Awsat

Aramco, Shandong Energy Collaborate on Downstream Projects in China

Saudi Aramco and Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China, the Saudi Arabian Oil Company said in a statement on Friday. The companies have signed a Memorandum of Understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement,…

Asharq Al-Awsat

Saudi Arabia, China Affirm Importance of Stable Global Oil Markets

Saudi Arabia and China reaffirmed the significance of stability in global oil markets and the Saudi role in that, a joint statement said on Friday, following Chinese President Xi Jinping's visit to the Kingdom. "The People's Republic of China welcomed the Kingdom’s role as a supporter of the balance and…

The Independent UK

3 sweet and savoury Italian baking recipes

From focaccia to florentines, 2021 Bake Off winner Giuseppe Dell’Anno’s new cookbook celebrates the best of Italian bakes. Prudence Wade digs in

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