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The Latest Breaking News from Oil

Oil leaks and fan bearing noise force voluntary product recall for Enermax Revolution D.F. 2 and D.F. X power supplies

Enermax noticed some of the fans used in the Revolution D.F. 2 and D.F. X series are leaking oil and hence doing a voluntary recall to be replaced with better fan bearings

Tom’s Hardware

‘The age of fossil fuels will end’: Australia’s Chris Bowen hails Cop28 agreement

Climate change minister says deal is not perfect but ‘transition away’ from oil and gas sends clear message to investors

The Guardian - AU

Are These 3 Energy Stocks a Buy or Hold for December?

The oil industry is expected to sustain momentum with an anticipated price rise in the coming year. Considering this, let's explore whether to buy or hold energy stocks Permianville Royalty Trust (PVL), Schlumberger Limited (SLB), and Subsea 7 (SUBCY) this December. Read on….

StockNews.com

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Analysis: Is the Houthi threat to world order worse than the war on Gaza?

In economic and security calcualtions, the world is pragmatically less concerned with war on Gaza than with shipping.

Al Jazeera

Analysis: At COP28, Sultan al-Jaber got what the UAE wanted. Others leave it wanting much more

As the United Nations COP28 climate summit ended Wednesday, Sultan al-Jaber walked out with what the United Arab Emirates wanted all along

The Independent UK

Grangemouth boss tells MSPs it is not known when refinery will close

IT is not known exactly when the Grangemouth oil refinery will close, MSPs have heard.

The National (Scotland)

Die Hard is a Christmas (terrorism) movie

The following article contains spoilers for Die Hard.

The Conversation

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Cop28: what is the draft climate agreement? Key takeaways from the summit

A landmark transition away from fossil fuels agreed at Cop28 has been met with a mixed response

Evening Standard

Hasty Gavel And Standing Ovation Bring Down COP28 Curtain

The proud president of COP28 had no time left to lose. The delegates gathered in the oil-rich UAE since November 30 barely had time to sit down before the deal was declared adopted.

International Business Times

UAE's Jaber, Oil Boss Who Brokered 'Beginning Of End' For Fossil Fuels

Sultan Al Jaber, the UAE oil chief who headed COP28 in Dubai, promised that this year's UN climate talks would be "different".

International Business Times

After 30 years of waiting, Cop28 deal addresses the elephant in the room

He was personally vilified, but Sultan Al Jaber has managed what no other Cop presidency has ever done

The Guardian - UK

Greenpeace launches legal action against Woodside

Greenpeace is alleging in a Federal Court law suit that Woodside misled or deceived Australians about its climate performance and plans.

AAP

Next time you have kulhad chai, don’t miss the bubbly physics

Relaxing after a hectic semester, Kanpur's kulhads offer a perfect setting to share conversations over a hot cup of tea. The secret bubbles that appear on the surface are due to air packets trapped in tiny holes in the clay pot. This is caused by buoyancy, the same force that…

The Hindu

COP28 nations adopt first-ever climate deal to 'transition away' from fossil fuels

The COP28 climate summit on Wednesday approved a deal that would, for the first time, push nations to "transition" from fossil fuels to avert the worst effects of climate change.

France 24

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AAP

Australian shares continue streak as US inflation eases

The local share market rose 0.3 per cent, with Fortescue and Rio Tinto hitting new highs while a drop in oil prices pressured producers.

StockNews.com

POWR Income Stock of the Week: Torm PLC (TRMD)

Oil markets trade on a variety of factors including geopolitical pressures, government regulation, and country specific output. That’s not to mention simple supply and demand. The best time to look at oil related stocks is in the lower end of a range or cycle, because you know eventually oil will…

The Independent UK

ExxonMobil says it will stay in Guyana for the long term despite territorial dispute with Venezuela

Oil giant ExxonMobil says it will keep ramping up production in offshore Guyana despite the escalation of a territorial dispute with neighboring Venezuela, which claims that oil-rich region as its own

Chicago Sun-Times

Kraft debuts dairy-free mac and cheese in the US

The new recipe has the same creamy texture and flavor of the original Mac & Cheese but replaces dairy with ingredients like fava bean protein and coconut oil powder.

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news in one place.

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The Guardian - UK

One in four billionaire Cop28 delegates made fortunes from polluting industries

Exclusive: analysis by Oxfam raises concerns about influence wielded by ultra-rich mega-emitters at summit

Capital & Main

Carbon Causes Climate Change. Why Does a California County Want to Make More?

Kern County wants to use billions in federal tax credits to collect and bury carbon. To do so, it would build new facilities to produce more of the most abundant greenhouse gas.

StockNews.com

3 Energy Stock Buy Opportunities

The energy sector is expected to effectively handle immediate supply limitations and address long-term demand surges as it experiences steady growth. Therefore, despite the recent decline in energy prices, fundamentally strong energy stocks Energy Transfer (ET), NOW (DNOW), and Ranger Energy Services (RNGR) could be wise portfolio additions. Read more….

Barchart

Crude Prices Plunge as Russia Ramps Up Crude Exports

January WTI crude oil (CLF24 ) this morning is down -2.52 (-3.53%), and Jan RBOB gasoline (RBF24 ) is down -0.0621 (-3.04%). Crude oil and gasoline prices this morning are sharply lower, with crude dropping to a 5-1/2 month low and gasoline sinking to a 2-year low. Signs of stronger...

StockNews.com

Evaluating the Potential of 3 Energy Stocks

Governmental strategies, production cuts, and optimistic forecasts are fueling a surge in oil prices. Given this trend, let’s take a closer look at energy stocks, Delek US Holdings (DK), Solaris Oilfield (SOI), and Permianville Royalty Trust (PVL), which are exhibiting promising potential for solid gains. Read more….

Radio France Internationale

French warship destroys Yemeni Houthi drone targeting oil tanker in Red Sea

A French frigate has destroyed a Yemeni drone that was threatening a Norwegian oil tanker in the Red Sea. Yemen’s Houthis said they carried out a military operation against the tanker as part of its strategy to target ships heading to Israeli ports in a protest over Israel’s bombardment of…

International Business Times

COP28 Could End Up 'Toothless' As Key Commitments Pushed Down The Road In Draft Resolution

A draft of the UN climate conference's joint memorandum included non-compulsory methane emissions reductions and no mention of the oil industry.

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