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The Latest Breaking News from Oil

Biden asks Congress to suspend gas tax for 3 months

WASHINGTON — President Joe Biden on Wednesday asked Congress to suspend the federal gas tax through September, a move that he said could shave off 18 cents per gallon and “give families just a little bit of relief.”

Los Angeles Times

Sunak to meet oil and gas bosses in windfall tax charm offensive

Companies argue that the levy will damage investment into domestic green energy sources

The Guardian - UK

Chancellor visits Aberdeen to appease oil and gas executives

Rishi Sunak is set to hear from both staff and bosses at North Sea energy companies

Insider UK

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Chancellor to meet oil and gas industry leaders in Aberdeen

Rishi Sunak will host a roundtable with representatives from the sector on Thursday.

The Independent UK

Rishi Sunak faces hostile reception at oil and gas summit in Aberdeen

EMBATTLED Chancellor Rishi Sunak is expected to host a meeting with oil and gas chiefs in Aberdeen on Thursday after announcing a raid on their…

The National (Scotland)

Erdogan and Saudi Crown Prince embrace as years of rancor end

Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan on Wednesday agreed to work toward closer relations in areas such as economy and defense to turn the page on years of rancor that had brought trade and diplomatic ties to a virtual standstill.

Tribune News Service

Biden asks Congress to suspend gas tax for 3 months

WASHINGTON — President Joe Biden on Wednesday asked Congress to suspend the federal gas tax through September, a move he said could shave off 18 cents per gallon and "give families just a little bit of relief."

Los Angeles Times

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BRICS partners may offer Russia a way out of sanctions impasse

The 2022 summit between leaders of China, Russia, India, Brazil and South Africa (BRICS) starts tomorrow, Thursday. In a speech preceding the virtual gathering, the host, Chinese President Xi Jinping, warned against "expanding" military ties. Meanwhile, only one BRICS country is critical of Russia's invasion of Ukraine, while some of…

Radio France Internationale

Panic At The Pump: Time to Look At Renewable Energy Stocks?

There has been a considerable rise in spending at the pump due to the supply-demand imbalance. Although renewable energy is gaining traction, it is yet to show enough promise as a solid alternative. So, despite the panic at the pump, it isn’t worth betting on fundamentally weak renewable stocks Plug…

StockNews.com

What's Going On With Chevron, Diamondback Energy And Occidental Petroleum Shares Today?

Chevron Corporation (NYSE: CVX), Diamondback Energy Inc (NASDAQ: FANG) and Occidental Petroleum Corporation (NYSE: OXY) are all trading

Benzinga

Critics say proposed Biden gas tax holiday gives billions to oil companies but won’t lower prices at pump

Plan likely wouldn’t lower gas price, experts say

The Independent UK

All is forgiven? Saudi leader on first Turkey visit since Khashoggi murder

Saudi Arabia's Mohammed bin Salman is visiting Turkey, less than four years after dissident Saudi journalist Jamal Khashoggi entered his consulate in Istanbul, never to reemerge. Does President Recep Tayyip Erdogan burying the hatchet with the Gulf oil giant have anything to do with Turkey's skyrocketing inflation and soaring energy…

France 24

Dredging company to pay $1M for restoration work oil spill

A Houston dredging company has been ordered to pay a $1 million fine for an oil spill that occurred when a subcontractor cut through a pipeline during Louisiana barrier island restoration work in 2016

The Independent UK

Edible oil prices ease; major brands cut rates by Rs 10-15/litre: Report

NEW DELHI: Edible oil prices in the retail market have started easing with softening of international rates and the government's timely intervention, food secretary Sudhanshu Pandey said on Wednesday.

The Times of India

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Benzinga

Kellogg And 2 Other Stocks Insiders Are Selling

US crude oil futures traded lower on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Oil Stocks Drop As Biden Pushes For Gas Tax Holiday

Oil stocks were on the move Wednesday as crude oil prices pulled back from recent highs and U.S. President Joe Biden said he will push for a suspension of the federal gasoline tax.

Benzinga

What's Going On With Exxon Mobil, Marathon Oil, BP And Shell Shares Today?

Exxon Mobil Corp (NYSE: XOM), Marathon Oil Corporation (NYSE: MRO), BP plc (NYSE: BP) and Shell PLC (NYSE:

Benzinga

What's Going On With Camber Energy, Indonesia Energy, Houston American Energy And Imperial Petroleum Shares Today?

Camber Energy Inc (NASDAQ: CEI), Indonesia Energy Corp Ltd (NASDAQ: INDO), Houston American Energy Corporation (NASDAQ: HUSA) and <

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news in one place.

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Roll Call

Congress skeptical about Biden's call to suspend gas tax - Roll Call

President Joe Biden's call for suspending the gas tax was greeted with skepticism on Wednesday by members of Congress — including Democrats.

The Hindu

Oil leaking from defunct pipeline contaminates water, soil in Tondiarpet

BPCL asked to clear the water and CMRL told to close the trench

Tribune News Service

California will investigate why it has the highest gas prices. Here’s what we already know

SACRAMENTO, Calif. — California Assembly Democrats are forming a select committee to investigate why the state’s $6-per-gallon gas prices are among the nation’s highest.

Daily Mirror

Creepy artwork painted by 'killer clown' discovered inside UK home

John Wayne Gacy was on death row during the 90s when he drew several sinister oil paintings which depicts a terrifying skull-faced clown, Jesus Christ and The Seven Dwarfs

The Conversation

Vegan cheese: what you should know

For many people who go vegan, one of the hardest things to give up is cheese. Fortunately, thanks to the increasing popularity of veganism, food manufacturers have begun producing a greater variety of vegan cheeses – with some success in replicating everything people love most about cheese, including its texture…

The Independent UK

Biden mocks oil companies for having ‘their feelings hurt so easily’

A Chevron executive had earlier accused the Biden administration of vilifying the oil and gas industry

The Independent UK

Government claims Rishi Sunak’s £1.9 billion subsidy for fossil fuels is ‘not technically a subsidy’

Government pledged to phase out fossil fuel subsidies at its own COP26 conference in Glasgow just months ago

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