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The Latest Breaking News from Oil

Supply fuel as per dealers’ indents: Minister to oil firms

Kamalakar warns licence will be revoked if bunks found fuelling artificial scarcity

The Hindu

An upside to high energy prices? Texas racks up record tax revenue from the oil patch

In each of the past two months, Texas has collected over $1 billion in taxes on oil and gas production — a record pace.

Tribune News Service

Why Houston American Energy Shares Are Rising Today

Shares of small-cap penny stock Houston American Energy Corporation (NASDAQ: HUSA) are trading higher by 13.46% at $8.01. The stock has seen retail investor interest on social media as small-cap energy stocks gain amid volatility in oil prices.

Benzinga

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Buying When There's Blood In The Streets: The Pros And Cons. Three Examples From The Ukraine War.

Buying When There's Blood In The Streets

Benzinga

Mid-Day Market Update: Crude Oil Rises 1%; Rigel Pharmaceuticals Shares Slide

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite adding around 50 points on Wednesday.

Benzinga

AIS Survivex launches new training centre for specialist oil and gas well control skills

The North Shields-based offshore training provider has invested in equipment to give trainees a realistic drilling experience

Birmingham Post

Latest gas and oil price increases in Northern Ireland and how they'll hit you in the pocket

Price hikes have been blamed on increases in global wholesale costs

Belfast Live

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4 Buy-Rated Mid-Cap Stocks to Buy in June

Concerns about the potential for the economy to slip into a recession because of the Fed’s aggressive monetary policy tightening have fostered significant market volatility of late. While many analysts don’t expect inflation to increase further, investor uncertainty might persist through the end of this year. Therefore, we think the…

StockNews.com

Why are petrol prices are so high, as filling up could cost Brits £100 a tank

British motorists can expect even bigger holes in their pockets as petrol prices hit all-time highs. The cost of living crisis is getting worse, and the latest news on oil won't help

Daily Mirror

Why fuel is so expensive right now as cost jumps yet again

The crisis is showing no signs of slowing down

Daily Record

Asda hikes petrol prices 5p a litre in just ONE day as fuel nears £100 a tank

The soaring cost of petrol means filling up the typical family car is now nearly £100, with diesel drivers already paying above this figure for a full tank of fuel

Daily Mirror

Drivers' horror as petrol soars to over £2 a litre at Washington service station on A1(M)

Motorists can expect to pay £2.02 or £2.04 per litre for petrol or diesel at the Washington Services on the A1

Chronicle Live

World Ocean Day - 5 of the worst threats to the oceans from plastic to noise

We all know how important oceans are for all life on Earth. Despite being one of the most valuable natural resources, oceans face several threats

Daily Mirror

Oil prices surge higher as OPEC boss warns they are “nowhere near” the peak

Drivers braced for the £100 tank of petrol as oil price continues to rise

Evening Standard

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Benzinga

Executives Sell More Than $61M Of 4 Stocks

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

The Times of India

RBI governor Shaktikanta Das bats for cut in state taxes on petrol, diesel

NEW DELHI: Lending support to the Union government's pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said a cut in VAT on fuel will help soften inflationary pressures as well as expectations.

The Hindu

RBI Governor bats for cut in State taxes on petrol, diesel

The central government had on May 21 cut excise duty on petrol by a record ₹8 per litre and that on diesel by ₹6 to give relief to consumers battered by high fuel prices

Reuters

Analysis: Colombia's extractive industries watching election warily

Colombia's leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia's economy and energy self-sufficiency, high-ranking industry figures and business associations said.

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Liverpool Echo

2,000 gallons of vegetable oil floods onto road

The road has been shut for two days after a "large quantity" of cooking oil was spilt

Asharq Al-Awsat

Oman Denies Claims about Negotiations with Iran Over Stakes in Hengam Gas Field

The Omani Ministry of Energy and Minerals stressed that it had not recently participated in any technical discussions or commercial negotiations related to the joint offshore oil field with Iran. Oman denied recent reports by Iranian media about a bilateral agreement over the Hengam gas field, and Tehran’s acquisition of…

France 24

Lebanon-Israel maritime border row: Energy development triggers new regional tensions

An ongoing maritime dispute between Lebanon and Israel has re-entered the spotlight after a production vessel docked in an offshore gas field on Sunday. The Lebanese claim the ship is in disputed territorial waters, but the Israelis refute this. Both countries have yet to agree on maritime demarcation lines and…

Los Angeles Times

Commentary: Give drivers a gas tax holiday. Tax windfall profits from oil companies instead

At the gas station near my home in Burbank, California, gas prices last week were an astronomical $6.50 per gallon, much higher than the nationwide average of $4.67, and just above the statewide average of $6.19 per gallon. Filling up the tank can cost a shocking $100. Working families cannot…

Tribune News Service

Editorial: Don’t go to Saudi Arabia, President Biden

Last week’s news that the European Union has reached an agreement to sharply curtail the purchase of Russian oil is a welcome development that signals the continent is not only united against the genocidal attack on Ukraine but that its political leaders are prepared to make hard choices in response.

The Independent UK

Three outdoor recipes to help you reconnect with nature

Go back to basics with these primal recipes from Gill Meller’s new cookbook, says Prudence Wade

The Guardian - UK

‘Gold rush’ for gas production threatens to lock in global heating

New dash for gas driven by energy disruption and rising prices spurns warnings to cease exploration to meet 1.5 heating limit

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