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The Latest Breaking News from Oil

Strong Electric Commercial Vehicle Demand In China May Affect Oil Market

The more diesel trucks are taken off the road, the lower the demand for oil will be and there are a lot of trucks in China, many of which are now replaced by EVs.

InsideEVs

Business groups block action that could help tackle biodiversity crisis, report finds

Industry associations for sectors from oil to agriculture in the US and Europe found resisting wildlife-friendly laws, say researchers

The Guardian - UK

GOP pans oil reserve sale despite a long and bipartisan history - Roll Call

Presidents from both parties have ordered sales from the Strategic Petroleum Reserve to soften spikes in gas prices.

Roll Call

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Residents across India celebrate Diwali with festivities and dazzling lights

Indians celebrated Diwali on Monday as bright oil lamps and colorful lights lit up homes and streets across the country to mark the Hindu festival that symbolizes the victory of light over darkness.

WEKU

Yemen National Defense Body Designates Houthis as Terrorists

Yemen’s National Defense Council has designated the Houthi group as a terrorist organization amid international, Arab and Gulf condemnation of the attacks waged by the Iran-backed militia on oil exporting ports in the Shabwa and Hadramout governorates. The Yemeni government might also withdraw from its obligations to the Stockholm Agreement…

Asharq Al-Awsat

Hydrogen could be Scotland’s ‘greatest opportunity’ since oil and gas

Energy Secretary set to promote nascent sector at European conference this week

Insider UK

Iran Says Will Provide Russia with '40 Turbines'

Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions over Moscow's war in Ukraine, local media reported. Iran's "industrial successes are not limited to the fields of missiles and drones," Iranian Gas Engineering and Development Company's CEO, Reza…

Asharq Al-Awsat

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Just Stop Oil’s Van Gogh soup stunt is the latest streak of radical art protest by women

‘What is worth more: art or life?’ asked protesters Anna Holland and Phoebe Plummer this month in an echo of the suffragette who slashed Velázquez’s Rokeby Venus

The Guardian - UK

Oil Prices Slide as China Demand Data Disappoints

Oil prices fell on Monday after China released much-delayed trade data which showed that demand in the world's largest crude importer remained lackluster in September as strict COVID-19 policy and fuel export curbs depress consumption. Brent crude futures for December settlement slid 40 cents, or 0.4%, to $93.10 a barrel…

Asharq Al-Awsat

Hydrogen could be Scotland's greatest ‘opportunity’ for net zero targets

GROWING Scotland’s hydrogen sector could provide the country with its “greatest industrial opportunity since oil and gas”, Energy Secretary…

The National (Scotland)

Global climate summit is heading for a geopolitical hurricane

The last time world leaders got together for a climate summit, the backdrop was thoroughly menacing. A pandemic had decimated national budgets. Poor countries were up in arms over the hoarding of COVID-19 vaccines by the same wealthy nations whose fossil fuel consumption did most to warm the planet. Relations…

Tribune News Service

ASX jumps as hopes of easing Fed policy grow — all sectors are in the green

Australian shares rise sharply, buoyed by miners, as investors found comfort in Wall Street's strong finish following a report that the US Federal Reserve will likely debate a less-aggressive interest rate hike in December.

ABC News

Biden adviser says OPEC+ output cut was mainly political move

President Joe Biden’s top energy adviser said the oil output cut by Saudi Arabia and its allies was a largely political move that won’t deter the U.S. administration from trying to curb domestic energy prices.

Tribune News Service

Green cabbage deserves the spotlight

This versatile leafy green is so much more than a "storage vegetable"

Salon

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The Independent UK

Four Just Stop Oil activists arrested over Abbey Road crossing protest

The climate activists blocked traffic on both carriageways of the North London crossing made famous by The Beatles.

Irish Mirror

'My hair used to get greasy constantly - this €1 hack keeps it clean for 4 days'

Many women try endless shampoos, treatments and sprays to try and reduce grease with little luck, and they are stuck in a cycle of hair washing every day to avoid leaving the house with oily, limp locks

Evening Standard

Just Stop Oil activists block iconic Abbey Road crossing

Just Stop Oil activists blocked the famous Abbey Road crossing in what is the group’s 23rd day of civil unrest in the capital.

Salon

Texas unions skeptical of wind jobs

With wind coming to the Gulf of Mexico, Texas unions demand stronger labor protections

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Reuters

French government: on right track over further easing petrol supply problems

The French government said on Sunday that France was on the right track over further easing the problem of petrol service stations not having enough petrol due to strikes at oil refineries, which had hit motorists around the country.

Asharq Al-Awsat

Egypt Keeps Fuel Prices Unchanged until Year End

Egypt fixed gasoline prices on Saturday, for a period of 3 months until the end of this year, as a result of global economic conditions and their repercussions on the oil markets. The decision comes after three consecutive price increases, and the devaluation of the local currency against the dollar,…

Reuters

Algeria businesses hope gov't will stay the course on reforms

Algerian businesses say they are starting to benefit from new rules to encourage investment and exports in one of the world's most closed economies, but they fear a petrodollar windfall could push the government back to its state-heavy model.

The Independent UK

Fears over Russian threat to Norway's energy infrastructure

Norwegian oil and gas workers normally don’t see anything more threatening than North Sea waves crashing against the steel legs of their offshore platforms

Asharq Al-Awsat

Yemen Govt Warns ‘All Options Open’ after Houthi Attack on Dhabba Oil Terminal

The Iran-backed Houthi militias’ attack on the al-Dhabba oil terminal on Friday sparked outrage in Yemen and Arab and international condemnation. The government said on Friday its forces had intercepted armed drones launched on the southern oil terminal in Hadhramaut province by the militias as an oil tanker was preparing…

Salon

Hoarding Colorado water for Big Oil

A loophole in Utah law could enable the country’s first commercial oil mining operation

Salon

Soup on the van Gogh: Kids are alright

Was the London soup-throwing incident an absurd plea for attention? Absolutely — it was also totally justified

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