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The Latest Breaking News from Oil

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…

The Times of India

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

Wales Online

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

The Independent UK

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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.

Asharq Al-Awsat

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

Evening Standard

Reopening propels fuel consumption

The full reopening of the country from July drove up fuel consumption, which grew by 14% year-on-year in the first 11 months of 2022, the Department of Energy Business reported onWednesday.

Bangkok Post

Egypt: New Bid at 12 Blocks in Mediterranean, Nile Delta on Oil and Gas Exploration

Egypt has set a new international tender for oil and gas exploration rights in the Nile Delta and Mediterranean sea, the petroleum minister announced on Tuesday. Tarek El-Molla said the tender was set for 12 blocks, split evenly between onshore and offshore. According to the Egyptian digital portal for exploration…

Asharq Al-Awsat

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Why is AMLO one of the world's most popular politicians? We took a road trip through Mexico to find out

SAYULA DE ALEMAN, Mexico — From the roadside stand in this muggy stretch of southern Mexico where Carmelo Morrugares sells coconuts for a living, the 45-year-old father of three says he can see his country changing for the better.

Los Angeles Times

Oil Prices Little Changed as Russia Unveils Export Ban

Russia on Tuesday banned oil sales to countries and companies that comply with a price cap agreed by Western nations, briefly helping to lift crude prices. "The supply of Russian oil and oil products to foreign legal entities and individuals is prohibited if the contracts for these supplies directly or…

Asharq Al-Awsat

Russia intensifies attacks on Kherson in Ukraine's south, Bakhmut in east

Russian forces increased mortar and artillery attacks on the city of Kherson more than six weeks after it was retaken by Ukrainian troops, while also exerting pressure along frontlines in the east, Ukraine's military said on Wednesday.

Reuters

Russia bans supply of oil to nations participating in Western price cap

Russian ban will come into force on 1 February 2023 and lasts until 1 July

The Independent UK

MPI falls in November amid global economic slowdown

Thailand's Manufacturing Production Index (MPI) fell in November by 5.6% year-on-year to 95.11 points, the lowest in 15 months, as oil refineries were shut down for maintenance while a global economic slowdown began to affect exporters, says the Office of Industrial Economics (OIE).

Bangkok Post

Russia bans oil sales to nations, firms complying with price cap

Moscow’s response to the Western price cap is to stop supplying crude oil and oil products from February 1.

Al Jazeera

1 Energy Stock to Buy in 2023 and 1 to Liquidate

Despite market volatility, the energy sector has outperformed this year. Moreover, factors like the price cap on Russian crude and China’s reopening are expected to boost the energy market. Hence, the quality energy stock Berry Corporation (BRY) could be a solid buy. However, it might be best to liquidate fundamentally…

StockNews.com

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Fortune

Putin's energy blackmail plan could backfire on Russia's economy

Putin has tried using energy as a weapon against the West this year, but he risks going too far.

StockNews.com

The 2 Best Energy Picks for Big Gains in 2023

Despite the recent decline in oil and gas prices from their peaks, analysts remain bullish on the sector’s performance for the following year. Given this backdrop, it could be wise to buy fundamentally sound energy stocks Marathon Petroleum (MPC) and Adams Resources & Energy (AE), which look poised to soar.…

StockNews.com

Do You Like Momentum? This 1 Stock Could Be the Perfect Pick

Despite the uncertainty in the economy, Berry (BRY) reported robust results and beat its consensus EPS and revenue in the fiscal third quarter. As the stock continues to deliver steady returns despite the market turmoil, it could be worth adding BRY to your portfolio. Read more.

Asharq Al-Awsat

Putin Bans Russian Oil Exports to Countries That Imposed Price Cap

President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that impose the cap. The Group of Seven major powers, the European Union and Australia…

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news in one place.

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Tribune News Service

No signs of a slowdown here: Texas’ GDP growth surges 8.2%, and population spikes

The latest job estimates show growth has slowed in Texas, but other metrics are still pointing up – way up.

The Independent UK

Mary Berry shares the secret to perfect roast potatoes

From baking powder for extra crispiness or stock cubes for flavour, here’s how the pros make their ultimate roasties

WEKU

Russia's economy is still working but sanctions are starting to have an effect

Despite unprecedented sanctions, Russia's economy is still functioning and it's still attacking Ukraine. That's led to questions about whether the sanctions are effective.

Manchester Evening News

The best turkey curry recipe chefs recommend for the leftovers

One of Manchester's most popular Indian restaurants has come up with the recipe perfect for the leftovers

Asharq Al-Awsat

Oil Hits Three-Week High as China Eases COVID Curbs

Oil hit a three-week high on Tuesday as China's latest easing of COVID-19 restrictions spurred hopes of a fuel demand recovery, with further support coming from cuts to US energy production caused by winter storms. China will stop requiring inbound travelers to go into quarantine, starting from Jan. 8, the…

Asharq Al-Awsat

Iranians Mark 40 Days Since Death of Anti-regime Protesters

Iranians held night demonstrations nationwide to commemorate 40 days since the death of protesters in rallies against the ruling regime. The rallies even spread to the Abadan oil refinery. The Free Trade Union said the workers at the most important petrochemical facility in the country carried out a large-scale strike…

Asharq Al-Awsat

The Global Economy Caught Between Wars and Geopolitical Conflicts

There is a saying, "When the US economy sneezes, the emerging markets get a cold." The global economy now may be more complex: it is more resilient in terms of where new economic growth emerges, but more vulnerable in terms of risk emanating from the United States, but also in…

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