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The Latest Breaking News from Oil

Iran summons Swiss envoy over US oil seizure

Tehran has demanded the immediate release of the Pegas, an Iranian-flagged tanker being held in Greek waters.

Al Jazeera

Data | Import-reliant India’s edible oil prices skyrocket, average costs near ₹200/litre

The local prices of edible oil have been over the roof in the recent months as it is vulnerable to changes in the international markets, given India’s high reliance on imports

The Hindu

Four experts have their say on Rishi Sunak's £15bn cost-of-living package

Even with these payments, households on the lowest incomes are still likely to struggle

Wales Online

From analysis to the latest developments in health,
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Iran Summons Swiss Envoy over US Seizure of Iranian Oil

Iran on Friday summoned the envoy of Switzerland, which represents US interests in Tehran, to protest against the US seizure of Iranian oil from a Russian-operated ship near Greece, the foreign ministry said in a statement quoted by Iranian media. The ministry called for the immediate release of the ship…

Asharq Al-Awsat

Can you make perfume from kitchen cupboard vanilla?

Scents can be expensive, vanilla essence isn’t – maybe an alternative to designer brands is lurking among your baking essentials

The Guardian - UK

Iran summons Swiss envoy over U.S seizure of Iranian oil -ISNA

Iran on Friday summoned the envoy of Switzerland, which represents U.S. interests in Tehran, to protest the U.S. seizure of Iranian oil from a Russian-operated ship near Greece, the foreign ministry said in a statement quoted by Iranian media.

Reuters

Al-Falih: We Have Quadrupled Foreign Investment Flows

It might seem somewhat strange for one of the biggest electric car producers to open a factory in one of the world’s major oil-producing countries, but it actually boils down to the story of the most exciting economic transformation of the 21st century. “It is one of the most exciting…

Asharq Al-Awsat

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More Russian oil than ever before is heading for India, China

NEW DELHI: A record volume of Russian oil is on board tankers, with unprecedented amounts heading to India and China as other nations restrict imports because of the war in Ukraine.

The Times of India

They once worked for big oil’s enablers. Now they refuse to be complicit

Workers within industries that prop up fossil fuels said they could no longer ignore the climate crisis. So they quit

The Guardian - US

Stalking Pictures: Cops Release CCTV Images Of Beauty Who Stole Art Masterpiece

Cops in Germany have released CCTV images of the “striking” brunette who stole a six-figure valued 1561 Pieter Aertsen oil painting from a museum.

Zenger

Nasrallah's Call for Dialogue over Defense Strategy Is Widely Rejected by Lebanese Parties

Hezbollah chief Hassan Nasrallah's call on Lebanese political forces to hold dialogue over a national defense strategy has been widely rejected by his rivals. In remarks marking "Resistance and Liberation" Day on Wednesday, Nasrallah suggested that the dialogue would pave the way for Lebanon to drill for offshore gas and…

Asharq Al-Awsat

What hope is there for diplomacy in ending the Russia-Ukraine war?

Analysis: Western leaders are divided on arming Ukraine, oil embargoes and whether Kyiv will have to accept territory loss

The Guardian - UK

New Zealand woman creates her own electric car for $24,000

Rosemary Penwarden says the vehicle, powered by home rooftop solar, has been running smoothly for three years and has thanked oil companies for the motivation

The Guardian - AU

Odisha: Oil spills into Paradip farmlands as pipeline bursts

KENDRAPADA: A major disaster was averted at the port town of Paradip in Odisha's Jagatsinghpur district on Thursday after the Indian Oil's Paradip-Haldia pipeline burst near the refinery there. It took the Indian Oil Corporation Limited (IOCL) more than four hours to repair the damaged pipeline. No loss of life…

The Times of India

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StockNews.com

Why This Could Be the Long Awaited Bear Rally

Over the last couple of weeks, we've increased our allocation of stocks. Last week and earlier this week, I was uncertain whether this was the correct move. But, the last 2 days of market action are validating those moves as the S&P 500 (SPY) finally seems to be commencing its…

Al Jazeera

Despite pain at the pump, Americans are hitting the road

Heading into the US summer driving season, Americans are fueling up but how long before they have to hit the brakes?

Benzinga

WTI and Brent crude oil break out of swing zone

In case you forgot, crude oil prices are still at astronomical prices. As of writing, WTI futures are trading at $114 per barrel, while Brent crude futures are trading at $117 per barrel.

Bangkok Post

Innobic, Aztiq aim to take Thailand’s life sciences sector to the next level

Innobic (Asia) Co., Ltd., a wholly-owned subsidiary and life science arm of the national oil and gas conglomerate PTT, together with Aztiq HK Ltd., is acting on its promise to uplift Thailand’s life science business by completing a deal to buy out Alvogen Emerging Markets Holdings Ltd. (AEMH), raising Innobic’s…

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news in one place.

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Bangkok Post

Shoring up ecosystems good for your health

Humanity currently faces multiple interlinked existential crises. The catastrophic consequences of climate change, ecological degradation and biodiversity loss have cascading knock-on effects on human health and well-being. As the Covid-19 pandemic illustrates, ecosystem damage can contribute significantly to a global public health emergency. But scientists are also increasingly finding that…

The Guardian - UK

Sunak U-turns on ‘energy profits levy’ in £15bn cost of living package

Chancellor’s measures, including tax on oil and gas companies, criticised as too late and a ‘drop in the ocean’

ABC News

What's the best way to remove mould? We asked an expert

The secret to getting rid of mould is a combination of clove oil and vinegar, an experienced cleaner says.

The Guardian - UK

Sunak’s design for the windfall tax is complex, but is it any good?

Labour is right to crow as the chancellor’s hand is finally forced, but we need to see what materialises

The Independent UK

Rishi Sunak offers tax incentives to fossil fuel firms despite climate emergency

Chancellor’s plan ‘makes us an embarrassment on the world stage’ says Caroline Lucas

The Guardian - UK

BP to review North Sea investments following windfall tax announcement

Company says it will look at levy’s impact after CEO previously stated no projects would be mothballed

Motorsport

Shell/Pennzoil expands Penske deal in NASCAR and IndyCar

Shell/Pennzoil has extended its relationship with Team Penske in NASCAR and greatly expanded its involvement in the NTT IndyCar Series.

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