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The Latest Breaking News from Oil

Brazil road blockades disrupting fuel distribution nationwide -energy lobby

Protests blocking Brazilian roads in several states are disrupting fuel distribution nationwide, the Brazilian Institute of Oil and Gas (IBP) told Reuters in an interview on Tuesday.

Reuters

Just Stop Oil to pause protests – but threatens escalation after Friday

Activists have given ministers until the end of the day on Friday to respond to their calls for all new oil and gas licences to be halted.

The Independent UK

Porsche 911 GT3 Gets 550-HP Subaru WRX STI Engine At SEMA

A Japanese oil company is also displaying a tuned Nissan Frontier, Datsun 521, Tesla Model 3, and Acura Integra Type R.

Motor1

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Antrim and Newtownabbey 'betrayed' by MP Paul Girvan's fracking vote says councillor

The council has now voted against oil and gas exploration, extraction or fracking

Belfast Live

Dow Drops Over 200 Points; Crude Oil Rises Sharply

U.S. stocks traded lower midway through trading, with the Dow Jones dropping more than 200 points on Tuesday.

Benzinga

Just Stop Oil members try to scale Downing Street gates on 32nd day of action

The demonstrators also sat in Whitehall blocking traffic.

The Independent UK

Serena Williams' investment shows that Nigeria's technology sector is attractive – but things can be better

Nigeria is the leading African destination for foreign direct investments in technology startup businesses. Between 2015 and 2022, Nigerian technology startups have secured funding totalling just over US$2 billion. This is the highest amount of funding recorded by any country in Africa.

The Conversation

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Just Stop Oil protesters target Downing Street calling for stiffer windfall taxes after BP’s bumper profit

‘It’s time for a serious windfall tax on big oil’ said the activist group

Evening Standard

Just Stop Oil block Downing Street gates

Just Stop Oil protesters attempted to scale the gates of Downing Street on Tuesday morning - calling for stiffer windfall taxes for energy firms after BP announced a £7bn quarterly profit. At 11:15am, 22 environmental activists “swarmed towards the gates” of Downing Street, home to Prime Minister Rishi Sunak, with…

Evening Standard

Woman makes 'amazing' and 'crispy' roast potatoes for 5p without using an oven or air fryer

"They are amazing. Never thought of doing roasties like this."

Manchester Evening News

Iran’s Currency Hits New Low Against the Dollar Amid Unrest

Iran’s currency dropped to its lowest value against the dollar on Tuesday, after weeks of nationwide unrest roiling the country. A stalemate in negotiations to revive Tehran's nuclear deal with world powers has also weighed heavily on the rial. Traders in Tehran exchanged the rial at 338,000 to the dollar,…

Asharq Al-Awsat

Downing Street security alert as protesters try to climb over metal gate

Just Stop Oil protestors were dragged down as they attempted to scale the Downing Street fence this morning, with others gluing themselves to the ground outside to block the entrance

Daily Mirror

Sale of oil and gas permits casts shadow over world’s second-largest rainforest

Villagers in the Congo basin rely on the forest for food, medicine and spiritual wellbeing, but an auction of exploration rights could threaten that way of life

The Guardian - UK

West accused of double standards over oil and gas exploration in DRC

Calls by countries such as UK and US to halt auction for drilling permits in the world’s second-largest rainforest branded ‘galling’

The Guardian - UK

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Financial Times

Bumper profits raise pressure on oil majors

Saudi Aramco makes $42.5bn quarterly profits as BP steps up share buybacks

The Guardian - UK

BP declares £7bn profits while energy bills soar? It’s time to start taxing shareholder payouts

Closing tax loopholes would redirect more of BP and Shell’s bumper profits, says Joseph Evans of the IPPR

Edinburgh Live

Woman's game-changing roast potato cooking hack costs just 5p an hour with no oven

Savvy Ria McCullough's method produces such good results, she has pledged never to go back to cooking them in the oven again. And better still, it comes in at nearly £1 an hour cheaper.

Daily Mirror

Greta Thunberg shares her thoughts on Just Stop Oil protests during This Morning chat

Teenage climate change activist Greta Thunberg spoke with Holly Willoughby and Phillip Schofield on today's edition of This Morning, revealing how she handles pressure and her thoughts on campaign groups like Just Stop Oil

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Asharq Al-Awsat

Abdulaziz bin Salman Stresses Saudi-UAE Cooperation for Future Energy Mix

Saudi Energy Minister Prince Abdulaziz bin Salman stressed that Saudi Arabia and the UAE were working to increase production capacity, enhance refining volume, and convert oil into petrochemicals. He noted that the two countries were seeking to provide a safe and sustainable energy system. In his speech on the sidelines…

Asharq Al-Awsat

Greece Stresses Saudi Role in Balancing Oil Markets, Respects OPEC+ Decision

Greek Minister of Development and Investment Adonis Georgiadis said the diversification of energy sources was the European Union’s most important priority. He noted that the world would never return to the previous situation, even if the Russian-Ukrainian war ended. In this regard, Georgiadis stressed that all European countries would try…

Benzinga

Wall Street's Most Accurate Analysts Reshuffled Their Best Oil & Gas Picks, Here They Are

As the peak season for the third quarter gets underway, several oil and gas companies have released their earnings reports and investors await reports from other major firms.

The Guardian - UK

The Oil Machine review – timely documentary details our dependence on ‘black gold’

A valuable if somewhat conventional reminder of how our reliance on oil developed and the threats it now poses to life on Earth

Birmingham Post

Tyre recycling plan company Wastefront secures €2m grant

The Norwegian start-up is building its first waste tyre recycling plant in Sunderland

Al Jazeera

Biden warns of windfall tax on ‘war profiteering’ oil companies

US president criticises oil companies for making record profits amid the Russia-Ukraine war, warns of higher tax.

Daily Mirror

GMB's Ed Balls slams GP for 'taking law into own hands' in Just Stop Oil protests

Good Morning Britain hosts Ed Balls and Susanna Reid raised the issue of the Just Stop Oil protests delaying urgent medical care, as a show guest talked of the impact the climate crisis was having on the world

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