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The Latest Breaking News from Oil

Malaysian palm oil giant seeks to repair image after abuse claims

Sime Darby Plantation Berhad is fighting a US ban on its products after reported labour violations at its plantations.

Al Jazeera

Russian oil's Achilles' heel: insurance

Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters.

Reuters

Platinum Jubilee recipes: Three delicious dishes and a crowd-pleasing cocktail for a right royal feast

Celebrate with an array of food and drink fit for a queen

Evening Standard

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Japan's weaker yen a blessing to some, burden for others

The Japanese yen has weakened, trading recently at 20-year lows of 130 yen to the U.S. dollar, just when prices of oil and other goods are surging

The Independent UK

Beat the heat in a 'clean way', without that excess greasy feeling

With the advent of summers, comes the inevitable extremely greasy skin. One of the major reasons behind the ‘oil-mines’ skin can be the imbalance of sebum production by sebaceous glands in our body. Sebum, an oily, waxy substance, is considered as one of the main ingredients of natural oils produced…

The Times of India

ExxonMobil loses bid to nix climate change lawsuit

Massachusetts’ highest court has rejected a bid by ExxonMobil to dismiss a lawsuit brought by the state that accuses the oil giant of misleading the public about the role its products play in causing climate change

The Independent UK

How To Save The World From Humans? MicroAlgae

The planet is plummeting into the abyss from multiple different factors from corporate farming depleting the vitamins and minerals in the soil thus less of these critical elements in our food to climate change. Factory farming of animals is not only unethical and immoral but significantly increases the CO2 levels…

Benzinga

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A cynic tries plant-based bacon

But the $50,000 question is: Could it stand in for the "real thing" in a BLT?

Salon

How a Potential Recession Could Impact the Markets

A raging debate is brewing on Wall Street about whether a recession is imminent for the economy. In today's commentary, I want to give my take on this matter. (Spoiler Alert: Yes, I think a *technical* recession is likely). Then, talk about why this debate is rather unimportant and more…

StockNews.com

Better Buy: Coterra Energy vs. Marathon Oil

Given a tighter energy supply due to continued sanctions on Russian oil exports and output control by OPEC+, the government’s efforts to improve domestic supply should benefit oil and gas companies. Given the rising demand and high prices, prominent players in this space, Coterra Energy (CTRA) and Marathon Oil (MRO)…

StockNews.com

Exxon must go to trial over alleged climate crimes, court rules

The ruling, and another crucial court decision this week, will force the company to face charges it lied about global heating

The Guardian - US

Rats on the rampage in Mount Isa as authorities scamper to prevent a 'plague'

A rural Queensland city is grappling to contain a "widespread" rat infestation with some businesses trapping 13 to 15 rats a day. Authorities say if the problem isn't dealt with soon, the community could face a rodent plague.

ABC News

Gas wells leak explosive levels of methane in Bakersfield

Residents of Bakersfield are concerned for their health and safety after a state agency found that six idle oil wells near homes were leaking methane in the past several days

The Independent UK

2 Stocks to Buy as Natural Gas Prices Remain Elevated

The energy sector has attracted significant investor attention over the past few months, thanks to soaring oil and natural gas prices prompted by strong demand and supply chain concerns aggravated by the Russia-Ukraine war. And because natural gas prices are expected to remain elevated, we think it could be wise…

StockNews.com

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The Conversation

How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors' expectations

A major stock index that tracks sustainable investments dropped electric vehicle-maker Tesla from its list in May 2022 – but it kept oil giant ExxonMobil. That move by the SP 500 ESG Index has set off a roiling debate over the value of ESG ratings.

The Guardian - UK

Glencore to pay $1bn settlement amid US bribery and market abuse allegations

Company also indicates it will plead guilty to bribery counts in UK in relation to oil operations in Africa

Daily Mirror

Mum who gave up oil career to open a bakery is now living her best life

Cristina Wood had a high-flying career in the oil industry, but she wasn't happy - so she jacked it all in and opened a bakery, and now she's never been happier

Al Jazeera

Orban says EU summit should not discuss Russian oil embargo

Hungary unable to agree to the proposed EU sanctions until all outstanding issues resolved, PM says in a letter.

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The Times of India

Govt allows duty-free import of 20 lakh tonnes per year of crude soyabean, sunflower oil

NEW DELHI: The government on Tuesday exempted customs duty and agriculture infrastructure development cess on 20 lakh metric tonnes yearly import of crude soyabean and sunflower oil, to ease domestic prices.

Reuters

EU summit unlikely to find solution on Russia oil embargo, von der Leyen says

European Union leaders are unlikely to strike a deal on an oil embargo against Russia at their summit on Monday and Tuesday, head of the bloc's executive Ursula von der Leyen said.

StockNews.com

3 Surging Oil & Gas Stocks with More Room to Run

Due to supply constraints and soaring demand, oil and gas prices are hovering at near record-high levels, delivering the highest-ever profits for the overall energy sector. Given the robust demand for energy, we think it could be wise to scoop up the surging stocks of oil & gas companies PBF…

Reuters

Explainer-U.N. plan to get Ukraine grains out faces hurdles

Turkey said on Wednesday a United Nations plan to set up a sea corridor for Ukrainian grain exports overseen by Ankara was "reasonable", but required more talks with Moscow and Kyiv to ensure ships would be safe.

Benzinga

PharmaCielo Enters Spanish Market With Initial Shipment Of 300Kg Of CBD Full Spectrum Oil To Extractions Solutions

PharmaCielo Ltd.

Daily Record

Aldi shoppers rave about £4 facial oil they say 'makes their skin glow'

Shoppers have been raving about the Lacura Rose Facial Oil which promises to "leave your skin feeling soft and smooth".

Reuters

Hungary's Orban says EU summit should not discuss oil sanctions next week

The EU's proposed new sanctions including an oil embargo against Russia should not be discussed at next week's summit of EU leaders, Hungarian Prime Minister Viktor Orban wrote to the President of the European Council in a letter.

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