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The Latest Breaking News from Oil

Plastic-free Packaging Solution Enters US Market

Melodea’s eco-friendly coating protects packaged goods from oxygen, oil and grease transmission.

Zenger

To those who sneer at activists blocking roads: what are you doing to save the planet?

Blocking traffic and glueing yourself to buildings gets attention – polite marches do not, says the Guardian columnist Polly Toynbee

The Guardian - UK

Exclusive-Russian oil cap doubts spur insurer fears of ships left at sea

Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude, two senior industry executives told Reuters.

Reuters

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Climate activists target private jet airports and demand ban at Cop27

Protesters gather at Farnborough and Luton as part of global action, also calling for tax on frequent fliers

The Guardian - UK

2 Momentum Stocks to Buy Into the End of 2022

Morgan Stanley believes the market could be up for a year-end rally. On the other hand, the oil and gas market is expected to remain tight amid various factors squeezing supply. Hence, investors could consider buying energy stocks TotalEnergies (TTE) and Energy Transfer (ET), which have gained significant momentum this…

StockNews.com

Norway halts new oil field in Arctic – could Rosebank be next to be scrapped?

NORWEGIAN state-owned energy company Equinor has announced it is postponing an investment decision on a new oil field in the Arctic.

The National (Scotland)

African nations tell COP27 fossil fuels will tackle poverty

African nations must be allowed to develop fossil fuel resources to help lift their people out of poverty, governments said at the COP27 climate talks in Egypt, which welcomed leaders of oil and gas companies sidelined at previous talks.

Reuters

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Just Stop Oil: Eleven activists charged following M25 protest

A Just Stop Oil activist on a overhead gantry on the M25. Herts police commissioner David Lloyd has questioned coverage of the protests (Just Stop Oil/PA)

Evening Standard

Yemen's Houthis increase pressure with oil port attacks as truce talks drag on

Yemen's Houthi group is piling on pressure to extract economic gains in U.N.-led talks for an extended truce deal with attacks on oil ports in government-held areas, which officials say have disrupted crude exports, choking state revenues.

Reuters

Explainer-Blood, treasure and chaos: the cost of Russia's war in Ukraine

Russia's Feb. 24 invasion of Ukraine has left tens of thousands of dead, displaced millions and spread economic strife across the world.

Reuters

Motorway closed again as Just Stop Oil protesters climb gantries

Activists were protesting on the M25 for the fourth day in succession

Wales Online

Police chief questions M25 protests coverage after journalist arrests

David Lloyd told journalists they should think about whether or not to give the protests by Just Stop Oil the “oxygen of publicity”.

The Independent UK

Just Stop Oil: Police commissioner says force ‘wrong’ to arrest journalists covering protests

Three journalists were arrested in Hertfordshire this week prompting widespread calls for press freedom

Evening Standard

What is hashish oil and how did it land Brittney Griner in a Russian jail?

Brittney Griner was finally released on Thursday 8 December after 10 months in Russian detention

The Independent UK

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Birmingham Post

Prax looks towards cleaner fuels and methods with revenues of £4.6b in first year of refinery operations

Lindsey Oil Refinery was taken on in early 2021 with a £195m loss turning to a £3m profit

WEKU

As Harvard's endowment abandons fossil fuels, oil-rich University of Texas catches up

Royalties on oil and natural gas, along with lease payments on millions of acres of land, are helping the University of Texas, which is in second place, narrow the gap with Harvard.

Evening Standard

Watch: Just Stop Oil protesters target M25 for fourth day

The M25 was partly shut on Thursday morning as Just Stop Oil activists targeted the motorway for a fourth consecutive day. From 6.30am, protesters again scaled gantries at various locations on the motorway, as they continue to call on the government to halt new oil and gas licences. At least…

The Guardian - UK

‘Explosion’ in number of fossil fuel lobbyists at Cop27 climate summit

Oil and gas industries have 636 representatives at Egypt conference – a rise of more than 25% on previous year

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The Guardian - UK

How dash for African oil and gas could wipe out Congo basin tropical forests

Third of Congo basin’s tropical forests are under threat from fossil fuel investments, undermining climate action, report warns

Asharq Al-Awsat

Houthi Drone Attacks Port After US Ambassador's Visit to Hadramout

A Houthi drone attacked an oil port in Shabwa a day after the US Ambassador to Yemen, Stephen Fagin, visited Hadramout Governorate to support the Yemeni government and local authorities. The attack, which did not cause any casualties, is the third of its kind on oil export ports in Yemen.…

Evening Standard

Just Stop Oil: M25 targeted for fourth day as activists attempt to climb gantries and stop traffic

Parts of the M25 were brought to a standstill on Thursday morning as Just Stop Oil activists targeted the motorway for a fourth consecutive day.

The Independent UK

Just Stop Oil protesters target M25 for fourth day

Surrey Police said officers are dealing with activists who have climbed a gantry at Junction 8 of the UK’s busiest motorway.

Bangkok Post

Loan guarantees okayed for Oil Fund

A cabinet proposal for the Ministry of Finance to provide loan guarantees worth up to 150 billion baht to the Oil Fuel Fund has won approval in the House of Representatives, despite criticism expressed in a House debate prior to Wednesday's vote.

StockNews.com

The Best Stock to Buy for Under $15 Right Now

Shares of oil and gas company ARC Resources (AETUF) gained almost 60% in price year-to-date thanks to its solid fundamentals and sustained energy demand. Moreover, the company’s annual dividend yields more than 3%. And it further raised its targeted return to shareholders to 50-100% of free funds flow. Given AETUF’s…

Evening Standard

Police officer injured during Just Stop Oil protests on M25

A police motorcycle rider was injured as officers responded to a Just Stop Oil protest on the M25. Essex Police said there was a collision involving the motorbike and two lorries during a rolling roadblock introduced due to an activist on the motorway between junctions 26 and 27 on Wednesday…

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