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Thursday 8 June 2023 Dublin: 12°C

# Oil

Last month
May 2023
# just stop oil
Climate change protesters delay Shell AGM for over an hour trying to storm stage
The annual meeting was delayed more than an hour as protesters shouted, sang and chanted.
# Fossil Fuels
Oil giant Saudi Aramco reports €29 billion profit in first quarter of year
The company blamed the fall on lower global oil prices.
# Oil
Shell makes nearly €1.6 billion more than expected in first three months of 2023
The oil giant joins rival BP in revealing expectation-beating results this quarter.
This year
# Aramco
Oil giant Saudi Aramco reports 46% jump in profits, up nearly €151 billion last year
The firm, known formally as the Saudi Arabian Oil Co, said in its annual report that higher crude oil prices propelled its profits.
John Gibbons: Shell made record profits as the planet burns - welcome to the toxic oil industry
The environmental campaigner questions how a global fossil fuel giant can record its highest profits ever in the shadow of a climate crisis.
# Cop28
Focus must be on lower emissions, says heavily criticised UAE's climate talks leader
Sultan Al Jaber’s appointment earlier this week to head COP28 drew fierce criticism from environmental activists.
Last year
# Oil
Opec maintains oil targets amid uncertainty over Russian sanctions
The decision was made at a meeting of oil ministers a day ahead of the planned start of two measures designed to hit Russia’s oil earnings.
# Russia
Zelenskyy criticises $60 price cap level on Russian oil as 'not serious'
The price cap will come into effect with an EU embargo on Russian crude oil from Monday.
# Climate Change
Saudi Arabia, UAE say oil demand not going away, days before COP27 climate talks
Fossil fuels account for 75 percent of the world’s greenhouse gas emissions, according to the United Nations.
# Climate
Just Stop Oil protesters glue themselves to tarmac at central London junction
Police confirmed 16 protesters have been arrested and that the roads have since been reopened
# matanzas
17 missing and 121 injured after lighting strike causes fire at Cuban oil depot
Cuban authorities said an unidentified body had been found late last night.
Taoiseach says he doesn't anticipate fuel rationing in coming months
He said the Government’s immediate concern is the continuing price impact the energy crisis is having on people.
# Energy
Oil giant BP triples its profits to $9.3 billion on last year despite exit from Russia
BP is the latest energy firm to post bumper earnings as oil and gas prices have soared following Russia’s invasion of Ukraine.
# Sanctions
Explainer: What will the EU agreement to ban Russian oil mean for member states?
The move will cut around 90% of oil imports from Russia to the EU.
# EU
EU considers compromise to break deadlock on Russian oil embargo
The latest round of proposed sanctions has been blocked by Hungary, which has no access to seafaring oil cargo ships.
# energy shift
EU proposes 300 billion-euro roadmap to ditch Russian energy
The investment initiative is meant to help the bloc start weaning itself off Russian fossil fuels this year.
# Ukraine
Russia to cut electricity to Finland as tensions rise over Nato bid
Sergei Lavrov has accused the EU of transforming from a “constructive, economic platform” into an “aggressive, militant player”.
Sergei Lavrov has accused the EU of transforming from a "constructive, economic platform" into an "aggressive, militant player"
Kyiv has admitted it is unlikely to become a Nato member - but has forged ahead with an application to join the EU
Russian forces have been accused of committing atrocities - including the killing of unarmed civilians, torture and rape
Kremlin warns of retaliation after Finland seeks to join Nato
Russia continues assault on east Ukraine as Finland moves towards joining Nato
# Ukraine
Europe must 'turn off tap of money' going to Russia for oil and gas, Eamon Ryan says
The European Commission is proposing a new package of sanctions to punish Russia for its invasion of Ukraine.
# Oil embargo
Recession brought on by energy crisis would 'hit Ireland early and hardest', MEP warns
EU ministers today discussed plans for a possible oil embargo to punish Moscow for invading Ukraine.
# Sanctions
Government rules out turning away Russian oil from Dublin Port
The tanker is landing in Dublin Port today.
# Russian oil
US bans Russian oil imports and UK to phase them out over invasion of Ukraine
Joe Biden said the ban on Russian oil was decided ‘in close consultation’ with US allies.
All time
# Gas Prices
Gas prices soar as Germany halts Nord Stream 2 approval
European gas prices jumped about 10% on the announcement
# California
'An environmental catastrophe': California beaches closed as major oil spill kills wildlife
Dead birds and fish have begun washing up on the shore.
# Lord of the rings
'The gates of hell opening up': What caused the massive Gulf of Mexico fire?
Footage of the inferno went viral over the weekend.
# Climate Change
Joe Biden suspends oil leases in Alaska’s Arctic refuge
It follows a temporary moratorium on oil and gas lease activities imposed by the US president on his first day in office.
# covid-19 pandemic
The price of oil has plummeted to less than zero dollars a barrel
Storage space for oil is now running out, which precipitated today’s steep dive.
Money from drivers paying 2c levy on petrol will soon be used for government climate action plans
The levy has been paid on petrol, oil and diesel since 1996.
# Petrol
'They're taking 2c off us that they don't need': Drivers paying levy on petrol that is no longer needed, committee hears
The levy has been paid on petrol, oil and diesel since 1996.
# energy security
Iranian president warns foreign forces to stay out of the Gulf
It comes as the United States sends more troops to the region in a defensive capacity.
# Saudi Arabia
Trump announces Iran sanctions as US sends more troops to Gulf
The US President said the sanctions were the toughest ever against another country, but indicated he did not plan a military strike.
# Oil
Trump to be given several military options on Iran amid fears of 'all-out war'
The US President will be presented with a list of potential airstrike targets, among other possible responses.
# strait of hormuz
Iran seizes suspected fuel smuggling boat as tensions ratchet higher in the Gulf
A naval patrol of the Islamic Revolutionary Guard Corps intercepted the vessel.
# tensions
Oil prices soar and Trump says US 'locked and loaded' after attack on Saudi facilities
Iran has denied allegations it is behind the attack.
# climate emergency bill
Eamon Ryan says he'll 'eat his hat' if new licences for gas exploration aren't stopped within a year
He said new licences would not be countenanced in any future negotiations on a programme for government.
# strait of hormuz
US accuses Iran of being behind attack on two oil tankers in the Gulf
The suspected attacks come amid spiralling tensions between Tehran and Washington.
# Tension
Saudi oil tankers among ships targeted by 'sabotage attacks'
The ships suffered “significant damage” but none of the crew members were harmed.
Opinion: Ireland is wrong about Venezuela - US regime change never brings improvement
‘An impressive spin campaign has been waged to create an illusion that all ‘civilised nations’ support regime change in Venezuela – similar to the ‘grand alliance’ which invaded Iraq’, writes Eilis Ryan.
# not stout
This Young Scientist project is turning algae into pints of the black stuff (crude oil, that is)
Greg Tarr has developed a more efficient method of making biofuel.
# pat on the back
'Thank you President T': Trump congratulates himself for falling oil prices
In a separate tweet, he called on Mexico to stop caravans of Central American migrants from trying to reach the US border.
# All about the money
'We’re not gonna give up hundreds of billions of dollars' - Trump cites oil prices and sticks by Saudi Arabia
The US President acknowledged that Mohammed bin Salman may have known about the murder of Jamal Khashoggi.