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The Latest Breaking News from Oil

Norwegian oil giant ‘threatens to ditch £4.5bn North Sea project over Rishi Sunak’s windfall tax’

The firm ‘privately said’ its funding of the extraction project is ‘under review’, a source has said

The Independent UK

OPEC’s Barkindo: Common Objective with Non-OPEC Partners is Market Stability

The common objective of the Organization of the Petroleum Exporting Countries and its non-OPEC partners has always been to maintain oil market stability, not to raise prices or bring them down, OPEC Secretary-General Mohammad Barkindo said on Saturday. Asked whether bringing 9.7 million barrels a day back to the market…

Asharq Al-Awsat

Mahila Congress leader accused of defaming Hindu gods

In turn, Shylaja has said that three people vandalised her house

The Hindu

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Aldi, Tesco, Asda and more urgently recall chicken goujons, pastries and other items

Asda, Tesco, Sainsbury's, Morrisons, Lidl, Aldi, Co-op, Iceland and Waitrose are urgently recalling chicken goujons, pastries and other items with reasons including erroneous ingredients, contaminants including small pieces of glass and metal, and wrong 'use-by' dates

Daily Mirror

Brazil’s Bolsonaro says Congress will investigate Petrobras

Brazilian President Jair Bolsonaro said on Saturday he already has support from congress to start a probe into state-controlled oil giant Petrobras and its pricing policy.

Tribune News Service

How did the Russia-Ukraine war trigger a global food crisis?

Russia and Ukraine export nearly a third of the world’s wheat and barley and more than 70 percent of its sunflower oil.

Al Jazeera

Bhopal: Supply eases at govt pumps, but private bunks stay closed

BHOPAL: In order to ensure smooth supply of fuel to petrol pumps, dealers can now get their fuel station tankers filled from 7 am to 11 pm. Bhopal collector Avinash Lavania has increased the timings of petrol and diesel supply from depots to fuel stations by seven hours.

The Times of India

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Coastal flavors of pan-fried catfish

This recipe from Chef Stephanie Harris-Uyidi’s newest cookbook showcases Lowcountry cuisine

Salon

Vettel highlights Canada’s oil sands “climate crime” with new F1 helmet

Sebastian Vettel is using the Formula 1 Canadian GP weekend to flag what he calls the country’s “climate crime” by wearing a special helmet.

Autosport

Vettel highlights Canada’s oil sands “climate crime”

Sebastian Vettel is using the Formula 1 Canadian GP weekend to flag what he calls the country’s “climate crime” by wearing a special helmet.

Motorsport

G2 Energy Corp. Announces CSE Approval of Change of Business and Commencement Date of Trading

Vancouver, B.C. - TheNewswire - June 13, 2022 - G2 Energy Corp. (CSE:GTOO), ((, (FWB:1NZ.F) (the "Company" or "G2") announces today that further to its news releases on December 6, 2021, December 24, 2022, March 22, 2022 and June 1, 2022, the Canadian Securities Exchange (the "CSE") has given its final…

Benzinga

India snaps up cheap Russian oil and coal

NEW DELHI: India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data reviewed by Reuters.

Bangkok Post

How Did Russia-Ukraine War Trigger a Food Crisis?

Russian hostilities in Ukraine are preventing grain from leaving the “breadbasket of the world" and making food more expensive across the globe, threatening to worsen shortages, hunger and political instability in developing countries. Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70%…

Asharq Al-Awsat

How to recreate your favourite Japanese dishes at home

From flower-shaped sushi to an Asian-inspired Sunday roast, Hannah Twiggs brings you six recipes from Japan Centre as the iconic London food hall celebrates its 46th anniversary

The Independent UK

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The Independent UK

EXPLAINER: How did Russia-Ukraine war trigger a food crisis?

Russian hostilities in Ukraine are preventing grain from leaving the “breadbasket of the world.”

Asharq Al-Awsat

Stocks Waver, Oil Prices Fall on Recession Fears

Stock markets wobbled and oil prices sank on Friday amid growing fears that inflation-fighting interest rate hikes by central banks could trigger recession. Investors were shaken this week after the US Federal Reserve unleashed its biggest hike in borrowing costs for almost 30 years to tackle red-hot consumer prices, AFP…

Asharq Al-Awsat

Iraq’s Kurdistan Works to Establish Two Oil Firms as Erbil-Baghdad Tensions Rise

Iraq's Kurdistan Regional Government (KRG) is working to establish two oil firms, the latest move in the battle between Erbil and Baghdad to control the oil sector in the semi-autonomous region. The KRG's new oil firm KROC would specialize in oil exploration, while the second - KOMO - would focus…

Miami Herald

Controversial ex-congressman Rivera files to run for Florida House seat

MIAMI — Former Miami Congressman David Rivera, who is under federal investigation over a consulting arrangement with the Venezuelan state-run oil company and was recently ordered to pay a six-figure penalty for violating campaign finance laws, is running for state House again.

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news in one place.

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Bangkok Post

Explainer: Moving to curb pump prices

Lowering the gross refining margin is a top priority for the government.

Bangkok Post

Refinery stocks fall on concerns over fuel fund contribution

Oil refinery stocks fell sharply on Friday with potential losses of between 17-43% in net profits this year after the government asked for the cooperation of companies to channel their profits into the Oil Fuel Fund for three months from July to September to help control fuel prices.

Bangkok Post

OR continues non-oil business expansion

PTT Oil and Retail Business Plc (OR) has acquired shares in a laundry business to further expand its non-oil services, including the provision of launderettes at its petrol stations.

Bangkok Post

Rate worries lead to worst week of the year on SET

Recap: Asian shares were mixed while European shares rebounded yesterday as investors digested policy tightening by major central banks.

StockNews.com

Forget Southwestern Energy, Buy These 3 Oil & Gas Stocks Instead

Oil and gas prices have remained elevated over the past few months due to the tighter supply caused by the ban on Russian oil and surging demand. However, Southwestern Energy (SWN) hasn’t been able to capitalize on the high oil prices because of its fundamental weakness. However, Occidental Petroleum (OXY),…

StockNews.com

4 Refining Stocks to Buy With Rising Gas Prices

Last week, the national gas average reached the $5.00 per gallon mark amid a tight supply due to the war in Ukraine. Given the rising gas prices, refining stocks Valero Energy (VLO), CVR Energy (CVI), HF Sinclair (DINO), and Exxon Mobil (XOM) might be ideal buys now. Read more below.

Chicago Tribune

Bernie Sanders blasts oil companies over gas prices: Pass a ‘windfall profits tax on those crooks’

CHICAGO — Vermont Sen. Bernie Sanders praised Starbucks and Amazon workers trying to unionize and railed against oil companies over high gas prices in a brief appearance in Chicago late Thursday.

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