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The Latest Breaking News from Oil

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.

Pedestrian.tv

Approval of oil leases in New Mexico prompts legal challenge

The Biden administration's approval of oil leases in a corner of New Mexico that has become a battleground over increased development and the preservation of Native American sites has prompted another legal challenge

The Independent UK

Biden urges oil companies to cut prices after Shell’s profit doubled

President Joe Biden criticized record energy company profits after Shell Plc announced it earned $9.5 billion in the third quarter, raised its dividend and expanded share buybacks.

Tribune News Service

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SDSU vs. Fresno State: Game Preview, How To Watch, Odds, Prediction

SDSU vs. Fresno State: Game Preview, How To Watch, Odds, Prediction This year, the "Battle For The Old Oil Can" takes place in Fresno, in front of a sold out crowd of frenetic Bulldogs fans. Contact/Follow @tedmcgovern & @MWCwire More than a ...

USA Today Sports Media Group

Profits at world’s seven biggest oil firms soar to almost £150bn this year

Bumper earnings prompt calls for overhaul of UK windfall tax after Shell admission it will not pay any this year

The Guardian - UK

Dow Surges 350 Points; Crude Oil Rises

U.S. stocks traded mixed toward the end of trading, with the Dow Jones surging around 350 points on Thursday.

Benzinga

House Republicans launch probe of Biden’s oil reserve release

WASHINGTON — House Republicans are launching an investigation into what they say could be the “potential misuse” by the Biden administration of the nation’s emergency oil reserves to lower gasoline prices, as well as White House deliberations over a fuel export ban.

Tribune News Service

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Businessman 'blinded by attraction' fights to claw back £200,000 he gave to Tinder lover

Oil industry consultant Marcel Kooter, 61, said he was 'blinded by attraction' when he agreed to transfer the money to Manuela Radeva, who he had met online

Daily Mirror

As invasion of Ukraine continues, western nations need to tax war profiteers’ windfalls

Households and businesses hit by higher prices caused by the conflict should be helped by companies that have benefited

The Guardian - UK

Just Stop Oil: TfL pursues legal action against 180 eco-activists over road protests

Lawyers representing Transport for London said that since the start of October ‘protest activity’ has ‘very largely focused’ on the capital’s roads

Evening Standard

The Guardian view on Shell’s profits: enabling climate and inequality emergencies

Editorial: Britain is in trouble if Rishi Sunak says it’s difficult to choose between cutting public services and taxing excessive energy profits

The Guardian - UK

World close to ‘irreversible’ climate breakdown, warn major studies

Key UN reports published in last two days warn urgent and collective action needed – as oil firms report astronomical profits

The Guardian - UK

Oil giant Shell posts extra profit while households struggle to pay energy bills

Shell is on course for its most profitable ever year and made more than double the profit it did for the same period last year

Chronicle Live

Just Stop Oil protester tries to glue face to Vermeer’s Girl with a Pearl Earring

A Just Stop Oil protester has attempted to glue his face to Vermeer’s priceless painting Girl with a Pearl Earring in a Dutch museum.

Evening Standard

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The Times of India

Vedanta gets 10-year extension for Rajasthan oil block

NEW DELHI: Billionaire Anil Agarwal's Vedanta has got a 10-year extension of the licence for its prolific Rajasthan oil block till May 14, 2030, the firm said in a stock exchange filing on Thursday.

The Times of India

How India is snapping up cheap crude oil as West tightens Russia sanctions

NEW DELHI: Oil refiners in India are buying crude oil at cheaper rates by entering term deals with other countries amid concerns that tighter sanctions from the West on Russia could curb future supplies.

The Independent UK

Crisis-stricken Cuba torn between ally Russia, neighbor U.S.

Hurricane Ian caused an island-wide blackout when it tore through western Cuba in late September

The Guardian - UK

Just Stop Oil activist tries to glue own head to Girl with a Pearl Earring

Protester at The Hague’s Mauritshuis says Vermeer painting protected and fine unlike ‘future of our children’

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news in one place.

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Benzinga

Adobe, Costco And 2 Other Stocks Insiders Are Selling

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

Bangkok Post

Celebrity surgeon recalls Mali kidnap drama

Celebrity surgeon Nopparat Rattanawaraha on Thursday described drinking oily pond water to survive during three weeks of captivity at the hands of gun-toting kidnappers in Mali.

The Independent UK

Why are energy companies’ profits doubling in a cost of living crisis?

Shell’s takings hit £8.2bn in third quarter as domestic bills soar

Daily Mirror

Ashley Graham raves about this £42 body oil that she swears by for her supermodel routine

Some customers have even noticed results to their skin in as little as three days

Evening Standard

Watch: Just Stop Oil blockade roads around Mansion House Tube station during rush hour

Just Stop Oil has blockaded the area around Mansion House tube station during rush hour in its latest protest action. The eco group said 31 of its activists began blocking Cannon St, Queen Victoria St and Garlick Hill from 9am. It said some have glued themselves onto the tarmac and…

The Independent UK

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

Griner pleaded guilty to drug charges on 7 July

Evening Standard

The Standard View: The case for a windfall tax extension grows stronger

Despite the cost-of-living crisis, Just Stop Oil protests and an eerily warm autumn, this is a propitious time to be an oil and gas giant. Shell has announced that its adjusted earnings have more than doubled to £8.3 billion in the three months to the end of September, compared with…

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