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The Latest Breaking News from Oil

Russia Becomes India's Top Oil Supplier In October

Russia has become India's top oil supplier in October, surpassing traditional sellers Saudi Arabia and Iraq, according to data from energy cargo tracker Vortexa. Read more on Dynamite News:

Dynamite News

Biden feud with Big Oil ratchets up just as world needs more US oil

As October drew to a close, the White House saw another potential energy flash point on the horizon.

Tribune News Service

Uganda-Tanzania oil pipeline project a 'carbon bomb', analysis shows

The multibillion euro East African crude oil pipeline project, being financed by France's TotalEnergies and the China National offshore Company, will produce far more carbon emissions than claimed, new data shows.

Radio France Internationale

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Greenpeace activist from Oldham cleared of protest that blocked tanker of Russian diesel

Kim Harrison was among 10 protesters charged with aggravated trespass following the protest in Essex in May

Manchester Evening News

Labour Facebook ads attack red wall Tory MPs in drive to swing voters

New social media drive targets Conservatives’ failure to ban fracking, rising mortgage costs, and direct action taken by Just Stop Oil protesters

The Guardian - UK

Soup, cheese scones, mushroom burgers: Joe Woodhouse’s vegetarian recipes for Bonfire Night

Three sustaining supper options before you tuck into those toffee apples: roast mushroom and chipotle slaw buns, smoked cheddar and thyme scones, and creamed spinach soup with nutmeg

The Guardian - UK

Equipment that's designed to cut methane emission is failing

Methane is the main ingredient in natural gas, and it packs about 80 times the climate-warming power of carbon dioxide

The Independent UK

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Tesla China Sales Stutter, Oil-Rich Saudi Arabia Looks EV Way, Canoo's Quest For Vertical Integration, Fisker Stays On Course: Week's Biggest EV Stories

Electric vehicle stocks mostly declined in the week ending Nov. 4, as another big rate hike delivered by the Federal Reserve weighed on risk appetite. Market leader Tesla, Inc.

Benzinga

Cop27: crucial climate talks more fragile than ever after year of turmoil

With war in Ukraine and a cost of living crisis, the global picture is much changed since last year’s conference

The Guardian - UK

Joe Biden’s climate envoy warns UK against North Sea oil and gas expansion

New drilling ‘isn’t going to make the difference today, or tomorrow, or in the next month – because it’s just not going to be available’

The Independent UK

John Singer Sargent sketch to return to National Trust house where it was created

Oil sketch of Elsie Palmer to go on display at Ightham Mote in Kent after being acquired by trust

The Guardian - UK

Indigenous group in Peru’s Amazon frees detained tourists

Members of the Cuninico community blocked passage of a tourist boat to draw government attention to a toxic oil spill.

Al Jazeera

Why 250 tourists were held captive by an indigenous group in Peru’s Amazon rainforest

Indigenous leaders have denounced the dire situation in their communities after oil spills have affected their access to clean water and food

The Independent UK

Amazon tourists and Peruvians held on boat released by Indigenous protesters

Group of more than 100 including British and American travellers were detained in protest over government response to oil spill

The Guardian - US

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Texas Observer

Right-Wing Protectionism is Costing Texas

Laws banning the state from doing business with banks that are dubbed anti-fossil fuel or anti-gun could cost 100s of millions in interest.

Daily Mirror

Tourist group including Brits held hostage on boat in Amazon freed by Peru tribe

Dozens of people, including three British nationals, had been taken hostage this week by a group attempting to gain attention to a number of recent oil spills in the region

Texas Observer

Industry Threatens Water Supplies and Coastal Ecology Near Corpus Christi

Environmentalists have seized on water supply as a “chokehold” to block fossil fuels on the rugged South Texas coast.

Benzinga

Nasdaq Turns Lower; Crude Oil Rises Sharply

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite turning lower on Friday.

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Wales Online

An extra 900 police officers expected to deal with Just Stop Oil protestors this weekend

The group staged 32 days of disruption from the end of September to October with the Met confirming 677 arrests and 111 people charged

Evening Standard

Just Stop Oil: Up to 900 extra police to patrol London this weekend for return of protest group

Metropolitan Police Commander Jon Savell spoke about preparations for escalation of protests

The Independent UK

Greenpeace activists cleared over protest that blocked tanker of Russian oil

A judge stated that Russia’s war in Ukraine ‘could be described as terrorism’.

The Conversation

COP27: a year on from the Glasgow climate pact, the world is burning more fossil fuels than ever

The burning of fossil fuels caused 86% of all CO₂ emissions during the past ten years. Despite being the primary culprits of global heating, coal, oil and gas were barely mentioned in the official texts of previous UN climate change summits.

StockNews.com

3 Big Reasons Why Oil Stocks Are No Longer a Buy

Oil stocks have been one of the few bright spots in the S&P 500 (SPY), during the doom and gloom of the 2022 bear market. However, that party could soon be coming to an end. Below I lay out 3 reasons why oil stocks are no longer a buy, plus…

Wales Online

Brits reported to be among group being held hostage in Peru

It is reported that the action is part of a protest

The Independent UK

Up to 900 extra police to patrol London this weekend for return of Just Stop Oil

Metropolitan Police Commander Jon Savell spoke about preparations for the upcoming protests.

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