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The Latest Breaking News from Oil

Climate Deal Won't Have Immediate Impact On Gulf Oil

An agreement to "transition away" from fossil fuels may be a landmark moment but don't expect quick changes among the major producers of the Gulf, where the deal was hammered out.

International Business Times

Cop28 failed to halt fossil fuels’ deadly expansion plans – so what now?

The absence of a ‘phase-out’ let petrostates off the hook, but there are multiple other ways to end the era of coal, oil and gas

The Guardian - UK

How are Houthi attacks on ships in the Red Sea affecting global trade?

Yemen's Houthi rebels have been attacking ships in the Red Sea, one of the world's major trade arteries

The Independent UK

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OPEC+ Cartel's Grip On Oil Market Loosening: IEA

Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up prices, the IEA said on Thursday.

International Business Times

Guyana and Venezuela leaders to meet face-to-face as region pushes to defuse territorial dispute

The leaders of Guyana and Venezuela are scheduled to meet face-to-face as regional partners urgently seek to defuse a long-standing territorial dispute that has escalated after Venezuelans voted in a referendum to claim two-thirds of their small neighbor

The Independent UK

Steelers EDGE T.J. Watt clears concussion protocol, will play vs. Colts

T.J. Watt has cleared concussion protocol and will take the field at Lucas Oil Stadium on Saturday.

USA Today Sports Media Group

Cop28 agreement is progress – but there is still plenty of wriggle room for any country, including Australia

The government’s new stance is unusual for a large fossil-fuel-producing country, even if it’s not translated into policies

The Guardian - AU

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Far From Venezuela-Guyana Oil Flap, Mango Landing Just Wants Peace

Robinson Flores, a Venezuelan who has been living in Essequibo for years, has no time for politicians fighting over the disputed oil-rich region run by Guyana.

International Business Times

The Path Ahead: Unraveling the Dynamics of Emerging Market Currencies in 2024

The decline in the Eurozone area economies, notably Germany, that are in or near entering recession would, alongside high oil prices, suggest Euro weakness going forward.

International Business Times UK

Calls for tighter rules on biofuels imports to root out palm oil fraud

Investigations suggest a large share of ‘used’ cooking oil being imported could be wrongly labelled as demand outpaces supply

The Guardian - UK

65 genius, under-the-radar products that thousands of reviewers swear by

Since I’m always reading reviews before buying, I know these 65 under-the-radar products are worth it because of how many people swear by them, too.

Mic

Chevy Turbo Engine Teardown Shows Why Coolant And Oil Should Never Mix

There are so many things wrong with this engine. It's an absolute mess.

Motor1

COP28: Some targets met for Africa, but funding still falls short

In tonight's edition: the COP28 climate summit delivers a deal which for the first time calls on all nations to move away from using fossil fuels. But what does it mean for oil and gas-producing countries? Also, it's a bittersweet return for dozens of Tunisians from the Gaza Strip. They…

France 24

Crude Prices Post Moderate Gains on Large EIA Crude Stockpile Drawdown

January WTI crude oil (CLF24 ) on Wednesday closed up +0.86 (+1.25%), and Jan RBOB gasoline (RBF24 ) closed up +4.52 (+2.78%). Crude oil and gasoline prices on Wednesday recovered from early losses and closed moderately higher after weekly EIA crude inventories fell more than expected. A weaker dollar Wednesday...

Barchart

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International Business Times

Gas Prices For US Consumers Reach Two-Year Low As Holiday Travel Season Approaches

Record domestic oil output is driving down gas prices.

Woman & Home

These 30 beauty stocking fillers are all under £25, and ideal for Christmas gifting

Our editor-approved guide to the best beauty stocking fillers, with skincare, haircare, bodycare, makeup and fragrance options that are guaranteed to put a smile on their face

Top News

Ex-BP CEO Looney's Pay Tap Officially Turned Off!

Former BP maestro, Looney, waves farewell to future pay packets from the oil giant. Quite the plot twist in the corporate world's grand opera!

The Hindu

State Oil Crisis Management Group directs CPCL to ramp up mitigation work at Ennore Creek and nearby areas

Oil crisis in Chennai: CPCL directed to deploy more oil boomers, skimmers, and personnel to remove oil from Ennore Creek. Boats, personnel, and gully sucker machines used to suck oil and clean debris. Booms and skimmers from Paradip and Chennai ports to contain oil in creek. Health, Animal Husbandry, Forest,…

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The Guardian - UK

BP to deny Bernard Looney £32m in pay and shares after finding ‘serious misconduct’

Oil firm concludes former chief misled board when it sought assurances over disclosure of personal relationships

Evening Standard

Best glitter lip glosses to add a touch of sparkle

Pouts that glisten will bring a smile to your face

Barchart

Crude Prices Rebound on a Large EIA Crude Stockpile Drawdown

January WTI crude oil (CLF24 ) this morning is up +0.93 (+1.36%), and Jan RBOB gasoline (RBF24 ) is up +4.29 (+2.17%). Crude oil and gasoline prices this morning recovered from early losses and are moderately higher after weekly EIA crude inventories fell more than expected. Energy prices today initially...

The National (Scotland)

Energy firm fined £160k for flaring gas into Scottish waters without consent

An oil and gas company has been handed the highest fine to date by the North Sea Transition Authority (NSTA) for flaring and venting more than 73…

The Independent UK

Saudi registrants for COP28 included undeclared oil company employees, nonprofit says

At least 15 people who registered for Saudi Arabia’s delegation to the COP28 climate conference in Dubai appear to be undeclared employees of the Saudi state oil company, according to research by an environmental nonprofit

Barchart

Will Oil Stocks Go Up in 2024? Warren Buffett Doesn’t Seem to Think So.

U.S. oil prices are trading below $70 per barrel, which has pushed oil stocks lower. Will oil stocks recover and go higher in 2024? Here's how Warren Buffett's views stack against Wall Street analysts.

The Independent UK

The last residents of a coastal Mexican town destroyed by climate change

Flooding has destroyed the Mexican town of El Bosque

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