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The Latest Breaking News from Oil

U.S. won't take eye off Iran in review of Saudi relationship - State Dept

The Biden administration will not take its eye off the threat posed by Iran as it reviews Washington's relationship with Saudi Arabia after the OPEC+ decision to cut oil production, State Department spokesperson Ned Price said on Tuesday.

Reuters

Saudi Arabia will face ‘consequences’, says Biden, amid anger at cuts in oil output

Moves by Opec+ to reduce production seen as siding with Putin over the US just as midterms loom

The Guardian - UK

King Charles III's coronation memories when he was four years old: 'crowds kept me awake all night'

With the date of King Charles III's coronation confirmed, we look at the Queen's coronation in 1953 to get an idea of what to expect when the King is crowned

Wales Online

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Biden warns Saudi Arabia will face "consequences" over OPEC oil production cut

OPEC+ decided to cut oil production by 2 million barrels per day starting next month.

Axios

Saudi Govt Hails OPEC+’s Pivotal Role in Achieving Balance, Stability in Oil Markets

The Saudi government praised on Tuesday the pivotal role played by OPEC+ in achieving balance and stability in the global oil markets, and consequently, supporting the world economy. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The ministers reviewed…

Asharq Al-Awsat

Dow Surges Over 100 Points; Crude Oil Down 2%

U.S. stocks pared some losses midway through trading, with the Dow Jones gaining more than 100 points on Tuesday.

Benzinga

Iranian security forces intensify crackdown in Kurdistan

Reports of indiscriminate violence come as UK ambassador summoned by Tehran over sanctions

The Guardian - UK

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The 5 biggest threats to West Africa's oceans – and what to do about them

The natural resources that form ocean ecosystems can play a significant role in the socio-economic growth and development of nations.

The Conversation

Biden open to re-evaluating Saudi relationship after Opec+ cuts, says White House – as it happened

‘In light of the Opec decision, I think that’s where he is,’ says John Kirby, spokesman for Biden’s national security council

The Guardian - US

UK petrol prices rise after Opec decides to cut oil production

Fuel price increase is blow to drivers amid soaring domestic energy costs and other inflation

The Guardian - UK

Biden vows consequences for Saudi Arabia after OPEC+ decision

President Joe Biden pledged on Tuesday "there will be consequences" for U.S. relations with Saudi Arabia after OPEC+ announced last week that it would cut its oil production target over U.S. objections.

Reuters

Putin hosts United Arab Emirates leader for economic talks

Russian President Vladimir Putin has hailed a recent decision by OPEC, Russia and other oil producing nations to limit production as key to stabilizing the global energy market, as he met the leader of the United Arab Emirates for talks on fostering economic ties

The Independent UK

Putin says Russia not working 'against anyone' in energy markets

President Vladimir Putin said on Tuesday that Russia was not working against anyone on energy markets and was seeking a balance between oil supply and demand, a week after Washington criticised a decision by OPEC+ to steeply cut oil production.

Reuters

India offers 26 oil, gas blocks in mega offshore round

Out of the 26 blocks, 15 areas are in ultra-deepwater, eight in shallow sea, and three blocks are on land

The Hindu

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The Independent UK

Government says Just Stop Oil protest that blocked fire engine ‘unacceptable’

Videos shared online show a fire engine and an ambulance on blue lights unable to get through traffic.

The Guardian - UK

First Thing: backlash against Saudi Arabia grows in Congress over oil cut

An influential Democratic senator has threatened to freeze weapons sales to the kingdom. Plus, Ukraine demands more western missiles

The Independent UK

Just Stop Oil protesters block fire engine and ambulance in London demonstration

This is the group’s 11th consecutive day of disruption in London with protesters demanding a halt to all new oil and gas licences and consents.

Daily Mirror

White van man ploughs through Just Stop Oil protesters as drivers beg them to move

A fire engine was also filmed being blocked by the activists as they glued themselves down to the road and brought traffic to a grinding halt in west London today

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France 24

French government set to end strike by ordering fuel workers back to work

France will order striking workers at Esso-ExxonMobil refineries and fuel depots back to their posts in order to end shortages causing headaches for millions of motorists, Prime Minister Elisabeth Borne said Tuesday.

Reuters

Iran protests over woman's death persist despite crackdown

Clashes between protesters and security forces persisted across Iran on Tuesday, with social media videos showing tanks being transported to Kurdish areas, which have been a focal point of the crackdown on protests over Mahsa Amini's death in custody.

Evening Standard

Just Stop Oil: Furious drivers clash with protesters near Harrods as fire crew blocked

One frantic driver screamed: ‘I’m driving a lady who has to get to hospital with a baby’

Evening Standard

Just Stop Oil Activists block main road in Knightsbridge

Furious drivers have clashed with Just Stop Oil protesters as they staged a sit down protest blocking the road near Harrods in Knightsbridge on Tuesday morning. Thirty-two Just Stop Oil protesters established three road blocks at the junction of Knightsbridge and Brompton Road at 10am, stopping traffic in both directions,…

The Independent UK

Kwasi Kwarteng held undisclosed meetings with Saudi oil firms

Green MP Caroline Lucas urges chancellor to ‘come clean about dealings with Saudi oil giants’

France 24

Close to a ‘historic deal’ on maritime border between Israel and Lebanon?

Both Israel and Lebanon's lead negotiators in the US-brokered talks on a maritime border are saying their conditions have been met, suggesting the countries are inching closer to a final deal. The agreement would settle oil and gas exploration and exploitation rights for a resource-rich stretch of the eastern Mediterranean.…

The National (Scotland)

Documents reveal Kwasi Kwarteng's undisclosed meetings with Saudi Arabian oil firms

CHANCELLOR Kwasi Kwarteng held undisclosed meetings with senior executives of Saudi Arabian firms when he was business secretary, according to…

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