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Oil and gas are a 'gift of god', says COP29 host

Azerbaijan's president said countries should not be blamed for having fossil fuel reserves.

Government admits new oil field approved unlawfully

Climate campaigners are bringing a legal case they hope will halt drilling at two huge fossil fuel projects.

Billions at stake in court battle over North Sea oil

Lawyers and campaigners have made their arguments before Lord Ericht in Edinburgh this week.

Joe Biden’s overdue missile consent for Ukraine

Allies should provide Kyiv with all the aid they can ahead of the Trump presidency

Business - Financial Times - 6 days ago

Starmer declines to rule out allowing Kyiv to use Storm Shadow missiles in Russia

UK premier under increasing scrutiny after Biden authorised deployment of US-supplied long-range weapons

Business - Financial Times - 5 days ago

Chinese tech groups build AI teams in Silicon Valley

Alibaba, ByteDance and Meituan seek to poach top talent from US rivals despite Washington’s chip curbs

Business - Financial Times - 5 days ago

Bathing in Oil at a Climate Summit? It Leaves a Stain.

In Azerbaijan, site of the COP29 climate talks and a petrostate, people aren’t only proud of their oil. They swear by its health benefits and visit resorts to soak in it.

World - The New York Times - 3 days ago

Israel’s attack on Iran spares oil, nuclear facilities and probably markets too

Israel launched air strikes against military targets in Iran on Saturday in its long anticipated retaliation for an Iranian missile attack on October 1st, but avoided hitting energy infrastructure ...

Business - MarketWatch - October 26

G7 vows to clamp down on Russia’s oil sanctions evasion

Group commits to unspecified measures to enforce price cap on Russian exports in response to Ukraine war. Finance ministers of the G7 nations vowed on Saturday to step up efforts to prevent Russia ...

World - The Guardian - October 26

Hungary’s largest oil group attacks western ‘hypocrisy’ over Russian energy

Mol’s links to Moscow have come under scrutiny after Spain’s veto of Hungarian consortium’s bid for train maker Talgo

World - Financial Times - October 27

World's most indebted oil firm is headache for new Mexico leader

Claudia Sheinbaum inherits a buoyant manufacturing sector, but also a troubled state-owned oil firm.

Oil tumbles after Israel refrains from attacking Iran’s refining facilities

Brent crude drops more than 6% as Tehran gives measured response to strikes

World - Financial Times - October 28

BP reports lowest quarterly profit since pandemic on weak oil prices

Energy group pledges to review share buyback plan in February after latest $1.75bn repurchase

Business - Financial Times - October 29

Nigeria’s president summons Aliko Dangote over supplies to new oil refinery

Meeting on Tuesday is needed to release more crude for refinery, says industrialist

World - Financial Times - October 29

Petrol and food prices will fall thanks to oil glut, says World Bank

Downward trend in oil price from higher production, falling demand in China and clean energy to continue. Business live – latest updates Petrol and food prices will fall over the next two ...

World - The Guardian - October 29

BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.

Business - The New York Times - October 29

U.S. crude oil edges lower after worst day in two years

Goldman expects Brent prices to recover to $77 per barrel in the fourth quarter.

Business - CNBC - October 29

What the presidential election means for gold, oil, natural gas and other commodities

The U.S. election outcome isn’t likely to have a big impact on commodities such as energy, metals and grains in the short run, but oil and natural gas could be influenced in the years to come by ...

Business - MarketWatch - October 31

China's Top Oil Companies Turn in Mixed Results Amid Weak Demand

State-controlled producer PetroChina posted lower profit and revenue, rounding out mixed results for the country’s big three oil companies.

Business - The Wall Street Journal - October 29

OMV Misses Views as Weak Refining, Oil Trading Hit Results

The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.

Business - The Wall Street Journal - October 29

Oil prices edge down to finish at lowest in seven weeks

Oil futures declined on Tuesday, giving up earlier support a day after suffering their largest daily percentage decline in more than two years, with U.S. and global benchmark prices settling at ...

Business - MarketWatch - October 29

Starbucks drops olive oil coffees as it shakes up menu

The announcement comes less than a week after the company reported falling global sales.

Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand

Oil futures finished higher Wednesday, with official U.S. data showing a surprise decline in crude supplies in the latest week and strength in gasoline demand, prompting prices to post their first ...

Business - MarketWatch - October 30

Starbucks will discontinue Oleato olive oil drinks at U.S. cafes in early November

New CEO Brian Niccol has pledged to simplify the Starbucks menu.

Business - CNBC - October 30

Starbucks will discontinue Oleato olive oil drinks at U.S. cafes

Starbucks’ controversial line of olive oil-infused drinks will leave U.S. stores in early November.

Trafigura warns of up to $1.1bn loss over Mongolian oil scandal

Commodity trader is taking action against a ‘small number’ of insiders involved in the alleged fraud

Business - Financial Times - October 30

Oil bigwigs open wallets for Trump after billion-dollar request

Oil and gas tycoons made significant contributions to the Trump campaign after the former president asked the industry for $1 billion to support his reelection bid — and reportedly said it would be ...

Politics - The Hill - October 31

Shell Earnings Beat Views as Gas Trading Offsets Low Oil Prices

Shell’s earnings topped market views thanks to its gas and upstream divisions, partly offsetting low oil prices and weak refining margins that have hit energy majors’ results over the third quarter.

Business - The Wall Street Journal - October 31

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