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The Latest Breaking News from Oil

Ecuador Energy Minister Xavier Vera resigns amid corruption investigation

Ecuador's energy minister Xavier Vera resigned on Friday amid an investigation into accusations he arranged jobs at state oil company Petroecuador in exchange for bribes.

Reuters

T20 World Cup fights to keep romance alive in face of uncomfortable truths

A tournament sponsored by an oil supplier and beset by bad weather may struggle to build on the excitement of early upsets

The Guardian - UK

Exxon, Chevron reap $31 billion profit from energy crunch

Exxon Mobil Corp. and Chevron Corp. amassed more than $30 billion in combined net income as politicians blast Big Oil for raking in massive profits at a time when consumers are struggling with soaring inflation and energy shortages worldwide.

Tribune News Service

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Perthshire eco-activist arrested in London after smearing chocolate cake on King Charles III waxwork

Just Stop Oil supporter Tom Johnson (29) shocked onlookers on Monday after committing the sabotage before calling on changes from the government

Daily Record

Dow Jumps 600 Points; Crude Oil Down Over 1%

U.S. stocks extended gains midway through trading, with the Dow Jones surging more than 600 points on Friday.

Benzinga

Windfall tax must change in face of ‘excessive’ oil profits, Alok Sharma says

Exclusive: Outgoing head of climate talks says UK needs to encourage investment in renewables, not fossil fuels

The Guardian - UK

Benjamina Ebuehi’s recipe for pumpkin spice mini doughnuts with maple cream

Make these doughnuts from scratch in half an hour, and serve with seasonal spices and maple cream

The Guardian - UK

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Gavin Newsom Does His Best Jimmy Carter Impression

California's governor is following Carter's disastrous energy policies at a time when the state's residents are suffering from already high prices.

Reason

ExxonMobil’s record-breaking $20bn profit nearly matches Apple’s

Oil company’s third-quarter result smashes Wall Street forecasts – as does Chevron’s £11.2bn

The Guardian - UK

US Market Set To End Week With Whimper As Amazon Drags Nasdaq Futures Lower; Apple, Pinterest, Oil Giants, Inflation Readings In Focus

U.S. index futures are uniformly lower on Friday, as tech stocks continue to drag the overall market.

Benzinga

A beheaded monarch, subversive ceramics and oil drilling in Gateshead – the week in art

Celebrate Halloween with an executed King Charles, clay like you’ve never seen it and a taste of Kurdistan in Tyneside – all in your weekly dispatch

The Guardian - UK

What will Rishi Sunak as prime minister mean for the climate?

Liz Truss was accused of presiding over an ‘attack on nature’. Now all eyes are on her successor

The Independent UK

Watch: Just Stop Oil sprays paint on a Rolex shop in Knightsbridge

Just Stop Oil have sprayed paint on a Rolex shop in Knightsbridge on Friday morning in day 28 of their ongoing eco protest. The group has been carrying out a month-long campaign of civil disobedience in its demand that the Government halts new oil and gas licences. At 8.30am Friday,…

Evening Standard

Just Stop Oil spray paint Knightsbridge Rolex shop in latest protest

Luxury watch shop latest target for vandalism by eco activists

Evening Standard

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The Independent UK

Just Stop Oil activists spray orange paint on Rolex building in central London

It came as the campaign group continues its month-long series of protests as it calls on the Government to halt all new fossil fuel licences.

WEKU

An influential energy group sees reason for climate optimism

For the first time, the International Energy Agency projects that demand for fossil fuels will soon peak. It's nowhere close to the speed the world needs to stop climate change - but it's a big step.

The Guardian - UK

Oil and gas firms are still making a killing – and No 10 is letting them

Rishi Sunak’s rushed 25% windfall tax is easy to minimise or avoid – and it could be replaced

The Independent UK

Three Halloween recipes for grownups

These spooky serves are perfect for a civilised Halloween bash

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Asharq Al-Awsat

Saudi Ambassador to Yemen: Houthi Assessment of Int’l, Regional Position is Wrong

Saudi Arabia has warned Houthi militia leaders of the consequences of their actions, urging them to prioritize the interests of Yemenis and choose the path towards peace without dictates or conditions. Saudi Ambassador Mohammed Al-Jaber, who also supervises the Saudi Program for the Development and Reconstruction of Yemen, said on…

Asharq Al-Awsat

Putin: Saudi Crown Prince Supports Oil Market Stability

Russian President Vladimir Putin said on Thursday that Saudi Crown Prince Mohammed bin Salman deserved respect, stressing that Russia was determined to strengthen its relations with the Kingdom. Putin said that stability was important for oil markets, adding that the Saudi Crown Prince supported market balance and stability. He also…

Asharq Al-Awsat

Oil Falls as China Widens COVID-19 Curbs

Oil prices fell on Friday after China, the world's top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of Europe's pending cut-off of Russian imports. Brent crude futures eased 78 cents, or 0.8%, to $96.18 a barrel at 0350 GMT,…

ABC News

Soup on a Van Gogh, mashed potatoes on a Monet: Why are activists throwing food on priceless art?

Centuries-old paintings have been targeted by environmentalists as a way of drawing attention to their cause, with Johannes Vermeer's Girl with a Pearl Earring joining the soupy ranks.

The Guardian - UK

UK should match Norway’s 78% North Sea oil and gas tax, thinktank says

Additional revenue would help plug £40bn fiscal hole and keep energy bills low

Daily Record

Soaring energy prices causing huge anxiety and stress for Scots

Oil giants must be made to foot the bill for the financial misery facing customers, writes the Record View.

Pedestrian.tv

UN Says We May Have Sealed Our Climate Fate While World’s 7 Biggest Oil Giants Double Profits

The world is dangerously close to unavoidable, irreversible devastation from climate change according to a harrowing new UN climate report.

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