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The Latest Breaking News from Oil

The 3 Top Energy Stocks to Buy for 2023

The energy sector is anticipated to perform well in the foreseeable future as the Chinese economy recovers from COVID-19 and demand rebounds. Given this backdrop, quality energy stocks Marathon Petroleum (MPC), Berry Corporation (BRY), and Adams Resources & Energy (AE) might be solid buys for 2023. Read on….

StockNews.com

Oil Set to End Turbulent 2022 with Second Annual Gain

Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world's top crude importer, China. Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the…

Asharq Al-Awsat

Attack Kills 10 in Syria, Kurdish Forces Arrest 52 Militants

A militant rocket attack in eastern Syria on Friday targeted a bus with oil industry employees, killing at least 10, the government said. To the north, Syrian Kurdish-led forces announced they arrested 52 militants in an operation against ISIS sleeper cells. According to Syria’s petroleum ministry, the rocket struck in…

Asharq Al-Awsat

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Beauty benefits of jojoba oil

Simmondsia Chinensis or Jojoba plants are primarily found in the southern parts of Arizona, California, and Mexico, and their seeds are used to make jojoba oil. Jojoba oil is a beautiful substitute for typical hair oil because of its advantages. Jojoba oil is also utilised as a hydrating component in…

The Times of India

Coast Guard stops search for 4 people missing after helicopter crash in Gulf of Mexico

A pilot and three workers were leaving the oil platform when the crash happened

The Independent UK

Pipeline section in Kansas with oil spill is back in service

A pipeline operator has put a damaged section in Kansas back into service, a little more than three weeks after a spill dumped 14,000 barrels of crude oil into a creek

The Independent UK

The Best Warren Buffett Dividend Stocks

The best Warren Buffett dividend stocks are expected to produce impressive returns for the Berkshire Hathaway equity portfolio. Here are five with healthy yields.

Kiplinger

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Poland ready for Russian oil ban, says minister

Poland is prepared for a Russian ban on oil sales to countries implementing a price cap, the climate minister said on Thursday, with the country having cut its intake of Russian crude and secured alternative supplies from producers such as Saudi Arabia.

Reuters

Russia will not negotiate under terms of Zelensky’s ‘peace formula’, Lavrov says

Russian minister says Zelensky ‘cherishes the illusion’ of driving out Russian forces with Western help

The Independent UK

ExxonMobil takes EU to court in bid to block ‘counter-productive’ windfall tax

Oil and gas giant has accused the EU of overreaching its authority with move to tax profits amid energy crisis

The Independent UK

Brickbat: Talk About Great Timing

New York's Climate Action Council has ruled that all homes built after 2025 must have energy-efficient electric heat pumps or other heating systems that do not use fossil fuels. After 2030, owners of existing homes with heating systems that burn natural gas, propane, or heating oil will no longer be…

Reason

Corrie spoilers with Daisy and Daniel on the rocks over new admirer, Summer in danger and major character set for shock exit

And Summer is in danger as Mike's shocking secret is revealed

Manchester Evening News

Corrie's Damon shows true colours in drug twist leading to violent attack on Jacob

Coronation Street spoilers confirm Damon Hay's real plan is exposed, as he launches an attack on son Jacob before forcing him to leave Weatherfield for good

Daily Mirror

Egypt’s Natural Gas Export Revenue Spikes 171%

The Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla said on Wednesday that Egypt’s output of petroleum products amounted to around 79.5 MT in 2022, including around 50.6 MT of natural gas. Egypt’s exports of natural gas rose to $8.40 billion in 2022, a surge of 171 percent from…

Asharq Al-Awsat

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Reuters

Fire halts Venezuela's Petromonagas coking plant -sources

A fire halted operations on Wednesday at a coking plant of Petromonagas, a joint venture of the state oil companies of Venezuela and Russia, four sources told Reuters, adding that no one was injured.

Al Jazeera

Little prospect of peace as Ukraine war passes 10-month mark

Putin signals willingness for peace but makes clear he means peace on Russia’s terms.

Bangkok Post

Economic risks to watch out for in 2023

The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.

Fortune

Understanding stagflation

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

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The Times of India

Traders can import refined palm oil without licence till further orders

NEW DELHI: The government on Wednesday extended the facility of restriction free imports of refined palm oil beyond December 31, 2022 till further orders, a move aimed at increasing domestic supplies and bring down prices of cooking oils.

Asharq Al-Awsat

Russia Intensifies Attacks on Liberated Kherson, Eastern Ukraine

Russian forces stepped up mortar and artillery attacks on the recently liberated city of Kherson in southern Ukraine on Wednesday, Ukraine's military said, while also exerting pressure along frontlines in the east. Russia fired 33 missiles from multiple rocket launchers at civilian targets in Kherson in the 24 hours to…

The Times of India

Journey in numbers: Mukesh Ambani completes 20 years at helm of Reliance

NEW DELHI: Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global…

Wales Online

5 easy recipes for Christmas leftovers to use up turkey and veg

From pie and curry to wraps or bubble and squeak, there are plenty of ways to avoid wasting food

The Independent UK

Ukraine news – live: No place in Bakhmut ‘not covered with blood’, says Zelensky

Vladimir Putin’s forces increasingly diminished at epicentre of fighting in Donbas, analysts believe

Asharq Al-Awsat

Iran Pressures Damascus on ‘Sovereign Concessions’

When Syrian President Bashar al-Assad visited Tehran last May, one of the urgent requests he made was to send oil to contribute to resolving his country’s economic crisis. In the past years, it has become customary for ships to violate sanctions and waterways.

Evening Standard

Spice Island: a culinary tour of Grenada

Radhika Aligh discovers the best places to eat (and drink) on the Caribbean island — and meets the people behind them

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