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The Latest Breaking News from Oil

Labour MP defends plans to block North Sea drilling against union criticism

Seema Malhotra says party wants to see jobs transferred to green energy industries, not lost

The Guardian - UK

Just Stop Oil activists attacked during protest in central London

Just Stop Oil supporters were pushed off the road by angry members of the public during a slow march through central London on Thursday morning.

Evening Standard

Wood refutes oil and gas expansion criticism following green loan

Analysis of accounts suggests growth of fossil fuel-based divisions since £430m government-backed deal

Insider UK

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Prax swoops for oil exploration company Hurricane Energy to support refining and distribution

Lindsey Oil Refinery owner completes strategic move

Birmingham Post

Biden and Sunak hold press conference as new transatlantic deal unveiled – as it happened

US president and UK prime minister announce plan to bolster economic security in response to China’s growing influence

The Guardian - UK

Malaysia, Indonesia end 18-year sea border disputes, vow to cooperate in defending palm oil industry

Malaysia and Indonesia have signed agreements to end longstanding sea border disputes and vowed to bolster cooperation to fight “highly detrimental discriminatory” measures against palm oil

The Independent UK

Probe into official's attempt to release smuggled oil truck

The Excise Department is investigating an allegation that one of its high-level officials tried to persuade police to let go of a truck carrying 15,000 litres of smuggled oil.

Bangkok Post

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HPD to probe oil tanker bribe

The Highway Police Division (HPD) will set up a committee to look into a recent attempt by a senior official at the Excise Department to lobby the HPD to avoid taking legal action against a tanker carrying illegal oil.

Bangkok Post

Labour donor Dale Vince: ‘I do want to influence policy but not by buying access’

Ecotricity founder and Just Stop Oil supporter hits back at Tory attacks as Rishi Sunak claims ‘eco-zealots’ steering Keir Starmer

The Guardian - UK

‘Eco-zealots’ are writing Labour’s energy policy, says Sunak

Rishi Sunak suggested Labour’s plans to end North Sea oil and gas exploration amounted to an ‘energy surrender’ which would benefit Vladimir Putin.

The Independent UK

Authorities to drive ahead with oil plan

Energy authorities are continuing their push for the National Oil Plan, aiming to generate 170 billion baht for the Thai economy through a range of projects, including further development of cleaner energy, says the Department of Energy Business.

Bangkok Post

Crude Rallies on an Unexpected Decline in Weekly EIA Crude Inventories

July WTI crude oil (CLN23 ) on Wednesday closed up +0.79 (+1.10%), and July RBOB gasoline (RBN23 ) closed up +7.69 (+3.00%). Crude oil and gasoline prices Wednesday closed moderately higher. Signs of stronger Chinese crude demand pushed prices higher, as did a jump in U.S refinery runs to a...

Barchart

Hell underwater as 'Russian attack' on Ukraine dam leaves entire towns submerged

President Zelensky called the aftermath an 'environmental bomb of mass destruction', as fears grew of an eco disaster from polluted waters, partly caused by oil leaking from the dam’s machinery

Daily Mirror

Nigeria’s new President faces old problems

Nigeria’s new President, Bola Ahmed Tinubum, has acknowledged the country’s many stubborn challenges and plans confronting them

The Hindu

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Liverpool Echo

Major £55m development could create more than 500 jobs

There have been some objections to the proposal

Salon

Spaghetti and meatballs — with a twist

"The Pasta Man" presents a spaghetti and meatball (sans meat!) recipe that offers a fresh spin on the traditional

Barchart

Exxon’s Plan to Monetize “Carbon Capture”

Nucor Corporation has recently entered into a partnership with Exxon Mobil to implement a carbon capture, transportation, and storage initiative at its direct reduced iron (DRI) facility in Convent, Louisiana.

The Independent UK

Saudi-PGA golf deal a stunning turnaround for once-shunned Crown Prince Mohammed

After years of isolation over his human rights abuses, Saudi Arabia’s crown prince is elevating his standing in the United States in part by diving into American sports, business and culture

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news in one place.

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The Texas Tribune

A billion-pound problem: How unchecked “excess emissions” ballooned in Texas

Over the last two decades, state regulators have allowed companies to release more than a billion pounds of excess pollution.

Barchart

Crude Rallies on Dollar Weakness and an Unexpected Decline in EIA Crude Inventories

July WTI crude oil (CLN23 ) this morning is up +1.07 (+1.49%), and July RBOB gasoline (RBN23 ) is up +5.95 (+2.32%). July Nymex natural gas (NGN23 ) is up +0.041 (+1.81%). Crude oil and gasoline prices this morning are moderately higher. A weaker dollar (DXY00 ) today is pushing...

The Guardian - UK

Trafigura pays out record $3bn to its top traders after more than doubling profits

Oil and commodities trader has benefited from rise in prices since Russia’s invasion of Ukraine

Capital & Main

Banks Continue to Put Billions Into Oil and Gas — Is It a Smart Investment?

Some experts say banks should be financing renewables at a much higher rate, for climate and ROI reasons.

The Conversation

Keir Starmer hasn't really called time on North Sea oil and gas – here's why

Keir Starmer recently announced that the UK will grant no new licenses for oil and gas firms to drill in the North Sea if Labour wins the next election.

The Guardian - UK

So what exactly is recycled loo roll?

With toilet paper contributing to mass deforestation, Emily Hill looks into what we can do to make our loo habits less damaging to nature

The Independent UK

Shell's clean energy campaign is misleading, UK advertising watchdog says

A marketing campaign by oil major Shell has been banned by the U.K.’s advertising watchdog Wednesday for implying a big proportion of its business was in low carbon energy even though fossil fuels make up the “vast majority” of its operations

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