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The Latest Breaking News from Oil

Biden shrinks Strategic Petroleum Reserve to lowest level since 1980s

Biden's decision to tap into the reserve may have helped lower gasoline prices from their $5 highs in June.

Axios

Nasdaq Dips 100 Points; Crude Oil Rises Sharply

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping more than 100 points on Wednesday.

Benzinga

Hurricane Energy seeks a buyer

Formal sale process begins after North Sea oil producer rejects unsolicited offer

Insider UK

From analysis to the latest developments in health,
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Exxon Mobil, Goldman Sachs And 2 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

OPEC Sec Gen Calls for Swift Action to Invest in Oil to Prevent Future Emergencies

The world must act swiftly to invest in oil to prevent future energy emergencies as global demand for the hydrocarbon grows in the long term, Organization of the Petroleum Exporting Countries (OPEC) Secretary General Haitham Al Ghais said on Tuesday. "If we don't get it right this time we are…

Asharq Al-Awsat

Using the Strategic Petroleum Reserve strategically

Putting oil into the stockpile is just as good as taking it out.

Axios

Nonna knowledge: Secret Italian recipes from Gino D’Acampo’s family

Inspired by his late mother, 15 bossy aunties and a nation of home-cooking nonnas, Gino D’Acampo shares the secret to making the very best version of much-loved Italian classics

The Independent UK

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Driving Electric Cars Produces Little Carbon. Making the Batteries Produces a Lot.

Many politicians who want to ban gas-powered vehicles appear to misunderstand the science.

Reason

Business: India Cuts Windfall Tax On Crude Oil, Hikes For Aviation Fuel, Diesel

The notification containing the revised tax structure shall come into force immediately from today. Read on for details:

Dynamite News

Baht set for relief as current-account swings to surplus

A better-than-expected rebound in foreign tourist arrivals, lower oil prices and sliding shipping costs are brightening the outlook for Thailand’s current account, potentially offering a reprieve for the country's currency trading near a 16-year low.

Bangkok Post

Choose Ayurvedic goodness this festive season

The festivals come in October-November, and the indulgence in food and looking at your best increases drastically. Insufficient sleep, oily food, and makeup for hours result in skin problems like pimples and dryness.

The Times of India

Oil suppliers got best of Florida’s gas-tax ‘holiday,’ experts say

TALLAHASSEE, Florida — Florida’s one-month gas tax holiday ended Monday without consumers ever seeing the full 25-cents-per-gallon break Gov. Ron DeSantis promised at the beginning of October.

Orlando Sentinel

Ecuador's attorney general detains seven in Petroecuador corruption probe

Ecuador's attorney general has detained seven people, including former officials, as part of an investigation into suspected corruption in state oil company Petroecuador, it said on Tuesday.

Reuters

Just Stop Oil announce temporary protest pause but vow escalation if demands not met

The group threatened to increase their protests if their demands are not met by Friday

Evening Standard

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Daily Mirror

Calls for windfall tax hike after BP reveals 'eyewatering' profits of £900 per second

The oil and gas goliath BP announced a forecast-shattering £7.1billion haul for the three months to September, more than double what it raked in the same time last year

Liverpool Echo

Woman makes 'perfect roast potatoes' without oven or air fryer

Ria McCullough shared her unconventional cooking method on Facebook and it's now gone viral

StockNews.com

3 Energy Stocks That Are Ready to Pop in Q4

The decision of oil supply cuts by OPEC+ could cause a supply squeeze in an already tight market and raise oil prices. Hence, investors might consider loading up on energy stocks that have gained significant momentum, TotalEnergies (TTE), Valero Energy (VLO), and Energy Transfer (ET) now. Read on….

Reuters

Brazil road blockades disrupting fuel distribution nationwide -energy lobby

Protests blocking Brazilian roads in several states are disrupting fuel distribution nationwide, the Brazilian Institute of Oil and Gas (IBP) told Reuters in an interview on Tuesday.

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news in one place.

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The Independent UK

Just Stop Oil to pause protests – but threatens escalation after Friday

Activists have given ministers until the end of the day on Friday to respond to their calls for all new oil and gas licences to be halted.

Motor1

Porsche 911 GT3 Gets 550-HP Subaru WRX STI Engine At SEMA

A Japanese oil company is also displaying a tuned Nissan Frontier, Datsun 521, Tesla Model 3, and Acura Integra Type R.

Belfast Live

Antrim and Newtownabbey 'betrayed' by MP Paul Girvan's fracking vote says councillor

The council has now voted against oil and gas exploration, extraction or fracking

Benzinga

Dow Drops Over 200 Points; Crude Oil Rises Sharply

U.S. stocks traded lower midway through trading, with the Dow Jones dropping more than 200 points on Tuesday.

The Independent UK

Just Stop Oil members try to scale Downing Street gates on 32nd day of action

The demonstrators also sat in Whitehall blocking traffic.

The Conversation

Serena Williams' investment shows that Nigeria's technology sector is attractive – but things can be better

Nigeria is the leading African destination for foreign direct investments in technology startup businesses. Between 2015 and 2022, Nigerian technology startups have secured funding totalling just over US$2 billion. This is the highest amount of funding recorded by any country in Africa.

Evening Standard

Just Stop Oil protesters target Downing Street calling for stiffer windfall taxes after BP’s bumper profit

‘It’s time for a serious windfall tax on big oil’ said the activist group

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