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The Latest Breaking News from Oil

Pakistan's future is tied up with Russia: Imran Khan

ISLAMABD: Even as the Western bloc continues to impose sanctions on Moscow, former Pakistan prime minister Imran Khan has said that Pakistan's future is tied to Russia.

The Times of India

Students glue themselves to frame of Constable’s Hay Wain in climate change protest

'Yes, there is glue on the frame of this painting but there is blood on the hands of our government'

Wales Online

Supoj pick shows haste

Prime Minister Prayut Chan-o-cha raised many eyebrows when he appointed the secretary-general of the National Security Council, Supoj Malaniyom, to oversee the nation's energy and food security issues.

Bangkok Post

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EU rolls out $1.3 billion to help Nigeria diversify its economy

The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa's most populous country diversify its economy away from oil, a document from the bloc showed on Monday.

Reuters

Climate change protesters glue themselves to frame of Constable’s Hay Wain

The Just Stop Oil protesters also attached their own image of ‘an apocalyptic vision of the future’ to the picture.

The Independent UK

Climate protesters glue themselves to National Gallery artwork

Campaigners from Just Stop Oil pressure group reimagine The Hay Wain by John Constable

The Guardian - UK

Eco-activist students behind Constable art attack at National Gallery bailed

Police have been called to the exhibit which has been closed to the public

Evening Standard

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Why does the UK/US exchange rate affect fuel prices? Petrol hits record 191.5p high

The pound’s weakness against the US dollar is partly to blame for soaring fuel prices on British forecourts. Figures show the average price of petrol reached a new high of 191.5p per litre on Sunday.

Bristol Post

Anti-oil protesters attach ‘apocalyptic vision’ to Constable’s Hay Wain

The Just Stop Oil supporters caused the evacuation of a room at the National Gallery in London.

The Independent UK

Russia's oil is in long-term decline – and the war has only added to the problem

Immediately after Russia’s invasion of Ukraine, world oil prices jumped above US$100 per barrel, hitting US$130 for Brent crude on March 8. The prevailing fear was that substantial Russian supplies would be lost to the world market either through western sanctions or a voluntary decision by Moscow in retaliation to…

The Conversation

Why are UK fuel prices at a record high when cost of oil has fallen?

Explainer: Motorists are paying more than ever at the pump despite a dip in wholesale price

The Guardian - UK

'We put £100k on credit cards and sold our home to pay for daughter's cannabis oil'

Mum and full-time carer Elaine Levy, 63, sold her family home to continue paying for daughter Fallon's medicinal cannabis oil which manage her intractable epilepsy seizures

Daily Mirror

Is vegan cheese good for you? A nutritionist reveals one type may be better than others

People who buy vegan cheese may expect it to be as nutritious as dairy cheese.

Inverse

1 Energy Upgrade to Snap Up, and 1 Downgrade to Avoid

Energy stocks have been benefiting due to bullish investors’ sentiments around this sector. Hence, oil and gas stock Marathon Petroleum (MPC) which was recently upgraded in our proprietary rating system, might be a solid buy. However, the progress in the clean energy sector is slow. Despite higher spending, net-zero might…

StockNews.com

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The Hindu

Govt. said to remain committed to 6.4% fiscal deficit target for FY23

‘Centre taking steps to deal with high global crude oil prices’

The Conversation

Pakistan: how an economic crisis has sent prices rocketing

Pakistan’s current economic struggles exemplify the little fires everywhere set alight across the global economy by a war during a pandemic. Like others in countries dependent on imported commodities — for example Ghana and Sri Lanka — Pakistanis are seeing food and fuel prices soar. Foreign exchange reserves – used…

Evening Standard

Best products to help treat psoriasis: Top creams, balms and lotions

Help soothe and heal with these carefully formulated body and skincare buys

The Independent UK

Five ‘Holy Grail’ recipes for quick and easy family cooking

These dishes satisfy the requirement for being delicious for children and adults alike, says Emily Weinstein

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Al Jazeera

Can the G7 proposal for a cap on Russian oil prices work?

The G7 would need to get large consumers like India and China involved for such a plan to work.

Asharq Al-Awsat

Oil Prices Slip as Recession Fears Rumble On, Tight Supply Stems Losses

Oil prices fell on Monday, paring gains from the previous session, as fears of a global recession weighed on the market even as supply remains tight amid lower OPEC output, unrest in Libya and sanctions on Russia. Brent crude futures for September slipped 36 cents, or 0.3%, to $111.27 a…

The Guardian - UK

Europe at risk of recession amid concerns Russia could cut gas supplies

Energy prices had already surged in second half of 2021 but Russia’s invasion of Ukraine has exacerbated this

The Independent UK

Asian shares mixed, oil steady ahead of July 4 holiday in US

Shares are mixed in Asia while U.S. futures fell ahead of the July 4 holiday in the U.S. Benchmarks rose in Tokyo, Shanghai and Sydney but fell in Hong Kong and Seoul

The Times of India

Explained: Govt can garner Rs 1 lakh crore from duties, cess on petroleum products

NEW DELHI: The government could garner over Rs 1 lakh crore if it continues to levy cess/duty on production of petroleum crude, and on export of petrol, diesel, and ATF for the rest of fiscal 2023.

Tribune News Service

Surging fuel costs are causing demand destruction, oil trader says

The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader.

Evening Standard

F1 news: Lewis Hamilton defends Just Stop Oil protest at British Grand Prix - ‘We need more people like them’

Lewis Hamilton defended a group of “Just Stop Oil” protestors who invaded the track during the British Grand Prix on Sunday.

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