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The Latest Breaking News from Oil

Data | Hitting record lows: What is driving the rupee’s fall?

Foreign outflows and elevated oil prices are the two factors that have accelerated the rupee’s fall

The Hindu

Russian blockade of Ukraine's ports puts global food supply at risk

The Russian blockade of Ukraine’s Black Sea ports risks causing a global food crisis, given that Ukraine is one of the world’s top agricultural exporters. Analysts say this shows how Russia is weaponising food in its geopolitical games – but it’s a weapon the EU plans to neutralise by creating…

France 24

EU moves to help Ukraine export grain as Russia blocks sea routes

The European Commission said on Thursday it would work with EU governments to help Ukraine export millions of tonnes of grain stuck in the country because the Russian navy is blocking Ukrainian ports.

Reuters

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Oil Slips on Fears Recession May Hit Demand

Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. Brent crude was down $1.92, or 1.8%, to $105.59 a barrel at 1202 GMT.

Asharq Al-Awsat

Donors Pledge $33m to Stop Safer Oil Spill

Donor countries have pledged $33 million to help prevent the Safer oil tanker from unleashing a potentially catastrophic oil spill off the coast of Yemen. The decaying 45-year-old oil tanker, long used as a floating storage platform and now abandoned off Hodeidah, is in "imminent" danger of breaking up, the…

Asharq Al-Awsat

Is Comstock Resources a Good Oil & Gas Stock to Own in 2022?

Shares of oil and gas exploration company Comstock Resources (CRK) have rallied nearly 160% in price over the past year on the back of surging energy prices. However, given that JP Morgan recently cut its global oil demand forecast for 2022, would it be worth adding the stock to one’s…

StockNews.com

The Warhol of bird painting – Vic Reeves, AKA Jim Moir, and his uncanny avians

The artist and comedian is a keen birdwatcher – and it shows in these intense, meticulously detailed portraits that are both funny and full of pop art twists

The Guardian - UK

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Climate chaos certain if oil and gas mega-projects go ahead, warns IEA chief

Fatih Birol says ‘carbon bombs’, revealed in Guardian investigation, will not solve global energy crisis

The Guardian - UK

Robinhood And 3 Other Stocks Insiders Are Selling

US crude oil futures traded lower on Thursday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Is inflation leading to smaller toilet paper rolls or less toothpaste in the tube?

A mega roll of Cottonelle toilet paper used to contain 340 sheets. Now, it’s 312.

Tribune News Service

New cost of living help could take until AUGUST despite Boris Johnson's claims

Downing Street indicated any new announcement could have to wait until August - when Ofgem is expected to announce another hike in the energy bills price cap on October 1

Daily Mirror

First Thing: Senate blocks bill to codify abortion rights

After conservative Democrat Joe Manchin joins Republicans to vote against measure, majority leader Chuck Schumer warns ‘it will be open season’ on people’s freedoms

The Guardian - UK

Energy prices: what is a windfall tax and how would it work?

All you need to know about a possible one-off levy on North Sea energy profits

The Guardian - UK

Russian minister imprisoned for oil-related bribery released

The highest-ranking Russian official to go to prison in nearly two decades has been released after serving more than half of an eight-year sentence for bribery

The Independent UK

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The Times of India

Sensex crashes 1,158 points; Nifty ends at 15,808: Top reasons behind today's fall

NEW DELHI: Equity indices plunged for the 5th straight session on Thursday with the benchmark BSE sensex crashing over 1,000 points amid weak cues from global markets.

The Guardian - UK

‘We can’t eat a new road’: Guyanese voice fears over true cost of Exxon’s oil bonanza

Multibillion-dollar deal promising to lift country out of poverty may be false dawn with dire impact on climate, warn campaigners

The Guardian - UK

‘Greed and fear’: How BP and Shell oil profit is boosted by own traders

Analysis: Turmoil resulting from pandemic and Ukraine war create ideal conditions for speculators

Daily Mirror

Man City 'ready to hijack' Man Utd's move for Frenkie De Jong as star offered in return

City are prepared to trump their rivals Manchester United in the transfer market this summer, and are willing to let Bernardo Silva depart to oil the deal

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Reason

Archives: June 2022

Excerpts from Reason's vaults

Tribune News Service

Quick Fix: Paparedelle With Shrimp, Zucchini and Sweet Peppers features pleasing combination of flavors

Here’s a fun recipe that’s full of flavor and easy to make. Pappardelle is a wide noodle that captures this sauce made with lots of garlic and white wine. The combination of flavors and textures is pleasing and makes this a one-dish meal that you can enjoy as a family…

Daily Record

Rishi Sunak plans North Sea oil windfall tax to ease cost of living crisis

The Chancellor is reported to have ordered officials to look at the Labour plan to impose a one off tax on the massive profits generated in the North Sea.

Wales Online

Quarter of drivers feel ‘uncomfortable’ carrying out routine checks - test your knowledge

A quiz has been created to test drivers on how prepared they are for something to go wrong. Are you a maintenance master or in ‘wheel trouble’?

WEKU

In 'Women Painting Women,' the female gaze is front and center

A new exhibition at the Museum of Modern Art of Forth Worth—'Women Painting Women' —shows viewers what happens when women are both the subject and the artist. The result: something raw and real.

The Guardian - UK

Boris Johnson says windfall tax ‘not the right thing’ but refuses to rule out U-turn

The prime minister claimed ‘these kinds of taxes’ deterred investment, contrary to BP boss saying it would not

Insider UK

UK minister says windfall tax on energy giants would kill off investment

Energy Minister Greg Hands also argued that the Scottish Government’s opposition to new nuclear power stations is holding the country back

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