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The Latest Breaking News from Oil

Does the UK need more North Sea oil and gas?

Rishi Sunak’s announcement that he will allow more drilling in the North Sea has led to new questions over the future of UK energy policy.

The Week

Rishi Sunak clashes with UN chief as row over new oil drilling grows

The PM took a swipe at “eco zealots” as he tried to make his drilling expansion case in the face of a wave of criticism

Evening Standard

How an internship program hopes to end “brain drain” in Texas’ Permian Basin and other rural regions

This is the third year businesses in the Permian Basin — known for high school football and oil fields — have participated in the University of Texas at Austin program. Students this year say they are seeing their hometowns in a new way.

The Texas Tribune

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Energy bosses at No 10 summit warn investor confidence is waning

Chiefs say UK’s troubled economy and political uncertainty is dampening enthusiasm for clean energy rollout

The Guardian - UK

Rishi Sunak blames striking workers as he signals he could fail in two key pledges – as it happened

Prime minister criticised by NHS worker after blaming staff for long waiting lists

The Guardian - UK

Nicola Sturgeon: Rishi Sunak 'deeply unserious' about tackling climate change

NICOLA Sturgeon has said that Rishi Sunak is “deeply unserious” about tackling climate change after the PM announced he would grant 100 new…

The National (Scotland)

Low and slow: Braised beef short ribs in peanut and coconut milk

This recipe mashes classic braised beef short ribs with West African flavours, says Prudence Wade

The Independent UK

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How to make cassava chips

A staple in Sierra Leonean households, these cassava chips are a luxurious mix of West African ingredients and European flavours, says Prudence Wade

The Independent UK

Grant Shapps convenes summit with energy giants in Downing Street

The Energy Security Secretary will meet companies who collectively have multi-billion pound plans to invest in low and zero-carbon projects.

The Independent UK

How much oil is produced in the US?

Since 2018, the US has been the largest producer of crude oil in the world.

USAFacts

Crude Prices Close Lower on a Risk-Off Tone in Asset Markets

September WTI crude oil (CLU23 ) on Tuesday closed down -0.43 (-0.53%), and Sep RBOB gasoline (RBU23 ) closed down -2.25 (-0.78%). Crude oil and gasoline prices Tuesday settled moderately lower. Tuesday's rally in the dollar index to a 3-week high weighed on energy prices. Also, Tuesday's slide in stock...

Barchart

Tories dubbed 'political wing of fossil fuel industry' after lobbying revelations

THE Tories have been branded the “political wing of the fossil fuel industry” after an analysis found that ministers met with energy firms 53…

The National (Scotland)

Core comfort: on the policy environment

Policymakers have their task cut out to ensure the policy environment remains supportive especially when global demand remains uncertain

The Hindu

Crude Prices Fall on a Risk-Off Tone in Asset Markets

September WTI crude oil (CLU23 ) this morning is down -0.57 (-0.70%), and Sep RBOB gasoline (RBU23 ) is down -0.43 (-0.15%). Crude oil and gasoline prices this morning are moderately lower. Today's rally in the dollar index to a 3-week high is weighing on energy prices. Also, a slide...

Barchart

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The National (Scotland)

How Westminster SCUPPERED Scotland's just transition

THE UK Government’s announcement of hundreds of new North Sea oil and gas licenses as part of a promise to max out fossil fuels in the North Sea…

The Independent UK

Climate protesters spray Scottish Parliament building red

This Is Rigged said it acted after the Prime Minister announced plans for 100 new oil and gas licences in the North Sea.

The Guardian - UK

Why carbon capture and storage will not solve the climate crisis any time soon

Announcing new oil and gas licences along with carbon capture projects is like giving cigarettes to someone trying to quit smoking

The Guardian - UK

Here’s the truth about Sunak’s plans for the North Sea: he will sell out the planet to the dirtiest bidders

Despite grave new warnings about the depth of the climate crisis, plutocrats are fighting to keep their profits – and our PM is with them, says Guardian columnist George Monbiot

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news in one place.

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The National (Scotland)

Climate activists spray Scottish Parliament building with red paint in oil protest

CLIMATE activists have sprayed the Scottish Parliament building with red paint in protest at the UK Government's intent to sign off on hundreds of…

The Guardian - UK

Billionaire investor threatens to pull out of UK amid global outcry at new oil rush

Australian mining entrepreneur Andrew Forrest criticises ‘clickbait’ fossil fuel plans as others say Britain has lost credibility

The Independent UK

Dismay as BP and Shell see huge profits while oil and gas prices fall

BP and Shell have continued to report multi-billion pound profits despite a drop in energy prices.

The National (Scotland)

'Drill baby, drill': Rishi Sunak compared to Donald Trump on oil policy

THE Tories’ oil and gas policy is reminiscent of Donald Trump’s “drill baby drill” slogan, SNP Westminster leader Stephen Flynn has…

The Independent UK

BP profits are cut in half to $2.6 billion as oil and natural gas prices fall

Energy giant BP says it earned nearly $2.6 billion in the second quarter

Fortune

Saudi Arabia has the most profitable company in the history of the world, and $3.2 trillion to invest by 2030. Who will say no to that tidal wave of cash?

With its vast supply of oil money, the kingdom's flashy play for golf dominance is just the tip of the iceberg.

The National (Scotland)

Oil giant BP handing more cash to investors after £2bn profits announcement

OIL giant BP has been accused of “climate-wrecking profiteering” after revealing gains of £2 billion over the latest quarter.

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