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The Latest Breaking News from Oil

ICESCO Commends Saudi Initiative to Finance Development Projects in Yemen

The Islamic World Educational, Scientific and Cultural Organization (ICESCO) has welcomed Saudi Arabia’s announcement to finance a set of development projects in Yemen. Saudi Arabia announced on Thursday a number of vital development projects that will be implemented in Yemen, reported the Saudi Press Agency. The Saudi Development and Reconstruction…

Asharq Al-Awsat

Michael Hiltzik: The GOP is now complaining about environmentally conscious investing

In May, Elon Musk went on the warpath against the investment model known by the initials ESG, short for "environmental, social and governance" principles.

Los Angeles Times

Electronic Arts And 2 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

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Putin orders Sakhalin-2 asset transfer to Russian company

Russian President Vladimir Putin on Thursday signed a presidential decree ordering the operator of an oil and gas development project in the Russian Far East -- known as the Sakhalin-2 project -- to hand over all of its assets to a newly established Russian firm without compensation.

The Japan News/Yomiuri

Is this the end of shampoo? New ways to clean your hair

Oily roots? Dry ends? A new breed of ‘no shampoo shampoos’ purport to clean your hair without the chemicals. But do any of them actually work?

The Guardian - UK

Govt to review new taxes levied on crude, diesel, ATF every fortnight, says Nirmala Sitharaman

A ₹6 per litre tax on export of petrol and ATF and ₹13 per litre tax on export of diesel is effective from July 1.

The Hindu

Best cannabis skincare: CBD and hemp products for inflammation, acne and anti-ageing

Soothe, smooth and nourish with these CBD and hemp multi-taskers

Evening Standard

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Indian supermarket chains to set up shop in sanctions-hit Russia

Indian retail firms are in talks that could see them move into the Russian market through local franchises. The announcement came as Nike joined a growing list of Western companies exiting the Communist state following US-led sanctions intended to isolate Moscow.

Radio France Internationale

OPEC+ to Maintain Slight Output Hike in August

OPEC+ agreed on Thursday to stick to a planned oil output hike this summer but avoided discussing policy from September onwards as prices have risen on tight supplies and worries that the group has little ability to pump more. The group, which comprises the Organization of the Petroleum Exporting Countries…

Asharq Al-Awsat

Oil Prices Ease on Recession Fears, Headed for 3rd Weekly Loss

Oil prices eased on Friday as lingering fears of a recession demand weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. Brent crude futures were down 20 cents, or 0.2%, at $108.83 a barrel by 0428 GMT, giving up earlier gains of over $1. WTI…

Asharq Al-Awsat

Centre raises export tax on petrol, diesel and ATF

The govt. also slapped a ₹23,230/tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices

The Hindu

I tried the viral, heatless hair curls tiktok challenge using this silk curler and here's the results

Our reviewer Nina Craig got to try this silk curler with hair oil to try and get perfect, longlasting waves... but it didn't really turn out that way

Liverpool Echo

Controversial fuel windfall tax facing delay

The government's controversial plan to collect a windfall tax from oil refineries to support the dwindling Oil Fuel Fund may face a one-month delay because of legal complications in charging the new tax, says a source from a refinery company.

Bangkok Post

Ecuador's government, indigenous leaders reach agreement ending protests

Ecuador's government and indigenous groups' leaders on Thursday reached an agreement to end more than two weeks of protests against the social and economic policies of President Guillermo Lasso which left at least eight dead, indigenous leaders said.

Reuters

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The Independent UK

From stocks to crypto, a punishing six months for investors

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months

Asharq Al-Awsat

Saudi Arabia Announces Development Projects in Yemen Worth $600 Mln

Saudi Arabia announced on Thursday a number of vital development projects that will be implemented in Yemen, reported the Saudi Press Agency. The Saudi Development and Reconstruction Program for Yemen will implement 17 projects, worth $400 million, that cover six sectors, including energy, transportation, education, water, health, and building state…

Reuters

Biden says will see Saudi's crown prince, won't push Saudi directly on oil

U.S. President Joe Biden on Thursday said he would see Saudi Arabia's king and crown prince during a visit to the country next month but that the purpose of his trip was not to press them to increase oil output.

The Times of India

Tips to have a beautiful skin this monsoon

Those first drops of blue, the earthy smell of soil, that vibrant look on trees and that grandeur of thunder and lightning, rainy season is truly a sight to behold. The only problem! Nature blooms with ravishing and radiant pride during monsoons, but our skin retreats to looking like a…

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Roll Call

Pallone presses White House to reinstate crude oil export ban - Roll Call

House Energy and Commerce Chairman Frank Pallone Jr. called on President Joe Biden to limit oil exports in response to high gasoline prices.

The Hindu

Data | India’s imports from Russia soar amid sanctions

India’s crude oil imports from Russia surged by 286% while coal imports surged by over 345% in the January-April 2022 period

The Hindu

Good blend of flavour and ingredients at Turkish chef Eyüp Kemal’s culinary workshop in Hyderabad

In Hyderabad for a food fest, Turkish chef Eyüp Kemal conducted a culinary workshop

Salon

Biden sued for oil leasing

"Burning fossil fuels from existing leases on federal lands is incompatible with a livable climate"

The Independent UK

OPEC+ may not be much help with high oil, gasoline prices

Oil prices are high, and drivers are paying more at the pump

The Guardian - UK

Why are we feeding crops to our cars when people are starving?

Modern biofuels are touted as a boon for the climate. But, used on a large scale, they are no more sustainable than whale oil, says Guardian columnist George Monbiot

Asharq Al-Awsat

Oil Rises as Supply Concerns Outweigh US Fuel Stocks Build

Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in US gasoline and distillate inventories. Brent crude futures for September, the more actively traded contract, rose 63 cents, or 0.6%, to $113.08 a barrel at 0250 GMT. The…

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