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The Latest Breaking News from Oil

Crude Prices Under Pressure on Doubts About OPEC+ Crude Production Cuts

January WTI crude oil (CLF24) this morning is down -0.57 (-0.77%), and Jan RBOB gasoline (RBF24) is up +0.0142 (+0.67%). Crude oil and gasoline prices this morning are mixed, with crude falling to a 2-week low. Today's rally in the dollar index to a 1-week high is bearish for energy...

Barchart

Venezuela's Guyana Annexation Referendum Leaves Region On Razor's Edge

The Maduro regime is threatening to destabilize the Caribbean in a bid for offshore oil reserves, in a move likely to invite back crippling US sanctions.

International Business Times

Crude Oil: Does OPEC Have a Problem?

OPEC’s biannual meeting in late November establishes the cartel’s production policy for the coming year. The cartel scheduled the late 2023 meeting for Sunday, November 26, but the oil ministers could not agree on output quotas during preliminary meetings, causing a delay in the meeting until the end of November.

Barchart

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How a hybrid heating system could lower your bills and shrink your carbon footprint

To heat your home without damaging the climate, you will need to replace your gas boiler. UK government advisers recommend switching to appliances that run on electricity.

The Conversation

COP28 Makes Progress On Methane And Climate Finance; Talks Derailed By Fossil Fuel Phase-Out

Two steps forward and another one back: COP28 makes progress on major initiatives, but critics say the oil lobby mars an otherwise productive summit.

International Business Times

Police arrest almost 650 Just Stop Oil protesters in a month as they make use of new law

Campaigners slam 'sweeping and dangerous' powers

Evening Standard

Naval ops demo in Kochi entertains viewers

Navy Day celebrated with op demo off Rajendra Madian; Vice Admiral M.A. Hampiholi hosted with Governor Arif Mohammed Khan as chief guest. Showcased combat beach recce, flypast, simulated gun salutes, heli landing, search & rescue, mock oil rig demo, aerial extraction, watermanship, Sudarshini sails, SCC horn pipe, continuity drill, MH60…

The Hindu

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Private Jets to the Climate Conference

Plus: Chinese migrants, socialized medicine kills, NYC can't handle preteen bullies, and more...

Reason

COP28 president is wrong – science clearly shows fossil fuels must go (and fast)

According to the president of COP28, the latest round of UN climate negotiations in the United Arab Emirates, there is “no science” indicating that phasing out fossil fuels is necessary to restrict global heating to 1.5°C.

The Conversation

Police seize 5,000 litres of 'fake' olive oil in raids on international gang

Spanish and Italian police arrest 11 allegedly passing off cheap blended oil as premium

Evening Standard

Gore blasts COP28 climate chief and oil companies' emissions pledges at UN summit

Former Vice President Al Gore says don’t trust the oil and gas industry to report their actual carbon pollution and he adds that the man running United Nations climate talks runs one of the dirtiest oil companies out there

The Independent UK

For a different take on latkes, try these ginger sweet potato pancakes with orange zest

Traditional Hanukkah latkes are pancakes made from white potatoes and simply seasoned with salt, pepper and onion

The Independent UK

Butter and lemon juice enrich Spanish steak sandwiches

Spaniards are not known for eating lunch on the go

The Independent UK

Chef shows how to cook Christmas dinner in an air fryer... and I'm impressed and horrified

How to cook your entire Christmas dinner using an air fryer

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Fortune

How SLB is trying to reinvent itself for to weather climate change

The rebranding has been a way for SLB to navigate opposition to fossil fuels.

The Independent UK

Analysis: Emirati oil CEO leading UN COP28 climate summit lashes out as talks enter toughest stage

The Emirati leading the United Nations’ COP28 climate talks walked out on stage Monday to a room full of journalists to offer a 17-minute list of what he described as the stunning successes of made so far in the summit

The Guardian - UK

Cop28 president forced into defence of fossil fuel phase-out claims

Sultan Al Jaber, who is state oil CEO, had said phase-out of fossil fuels would take world ‘back into caves’

The Guardian - UK

Police make 630 arrests of climate protesters in London in one month

Liberty condemns ‘staggering and shocking’ statistic as anti-protest legislation is enacted

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The Guardian - UK

Police in Spain and Italy seize 5,000 litres of adulterated olive oil in raids

International gang allegedly sought to pass off lower-quality oils as virgin and extra virgin

The Guardian - UK

Warning: the UK government’s hydrogen plan isn’t green at all, it’s another oil industry swindle

A taxpayer-funded drive for ‘blue’ hydrogen is good news for fossil-fuel lobbyists, but bad news for the climate crisis, say climate academics Kevin Anderson and Simon Oldridge

The Guardian - UK

Rachel Roddy’s Christmas recipe for poached chicken with five special sauces

A delicious way to poach a chicken, bollito-style, with a range of flavours to complement it

France 24

Essequibo, the oil and mineral-rich region disputed by Venezuela and Guyana

A non-binding referendum in Venezuela has shown overwhelming support for the government's claims to Essequibo, a large swathe of land controlled by neighbouring Guyana. The land dispute between the two countries is over a century old, but heated up back in 2015 with the discovery of oil fields off the…

The Independent UK

Global warming could cost poor countries trillions. They've urged the UN climate summit to help

A prominent developing-world leader on the issue of climate change said Monday that global taxes on the financial services, oil and gas, and shipping industries could drum up hundreds of billions to poorer countries adapt to and cope with global warming

International Business Times

North Korean Smugglers Disguised Under Pacific Island Flags

North Korean "smuggling networks" are registering ships in Pacific nations to disguise themselves while trafficking oil, according to former United Nations sanctions experts and documents obtained by AFP. With strict sanctions limiting Pyongyang's ability to import fuel, North Korean smugglers have adopted increasingly creative methods to deceive authorities and dodge…

The Independent UK

Three wise dishes for a stress-free Christmas dinner

From a pigs in blankets traybake to stuffing balls, simplify your Christmas hosting with three easy dishes that promise to effortlessly elevate your festive feast, says Hannah Twiggs

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