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The Latest Breaking News from Oil

OPEC+ cuts oil production by 2m barrels a day despite US pressure

US expresses disappointment in move that could spur an increase in oil prices, which had dropped in recent months.

Al Jazeera

Fears grow over oil price as Opec+ agrees to bigger than expected output cuts

Cartel curbs production by 2m barrels a day despite strong US pressure, further squeezing supplies

The Guardian - UK

Alphabet, Electronic Arts And This Technology Stock Insiders Are Selling

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

From analysis to the latest developments in health,
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What OPEC's 2 million-barrel cut could mean for U.S. gas prices

OPEC and Russia are looking to prop up prices that have fallen greatly since early June.

Axios

Putin and the prince: fears in west as Russia and Saudi Arabia deepen ties

Prince Mohammed’s decision to strengthen relations has alarmed allies, but he has long admired Russian leader

The Guardian - UK

EU agrees on price cap for Russian oil over Ukraine war

European Union countries have agreed to impose a price cap on Russian oil and other new sanctions after Moscow illegally annexed four regions in Ukraine

The Independent UK

Cops: Fake 911 call helped unravel Vermont murder for hire

A Los Angeles biotech investor is back in Vermont where he is facing a murder for hire charge for his alleged role in the 2018 kidnapping and death of a Danville man

The Independent UK

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A Mediterranean diet isn’t just for summer – here’s 14 recipes to prove it

If you’re looking to add a touch of colour to your autumn/winter rotation, this huge list of Mediterranean recipes is your friend, says Hannah Twiggs

The Independent UK

Editorial: Biden puts clean energy future ahead of today’s oil needs

Note to those in the clean energy business: Joe Biden is working overtime to send you a kiss in the mail.

Boston Herald

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted

OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.

Reuters

Britain’s economic crisis offers an opportunity for new ideas – Labour must be ready

Just as the neoliberals took advantage of the mess of the 70s, so the left can offer its own radical solutions for today’s turmoil

The Guardian - UK

OPEC+ weighs large oil cutback to boost sagging prices

A cut in oil production is on the table when OPEC oil-producing countries meet Wednesday

The Independent UK

Sudan Drops Petrol, Diesel Prices

Sudanese authorities announced the reduction of fuel prices following their monthly review of local production and developments in global oil production. Petrol prices fell on Tuesday from SDG700 to SDG522 per liter, while diesel prices decreased slightly from SDG687 to SDG672 per liter. Up until August, Sudan had the fourth…

Asharq Al-Awsat

Putin ally compares Nord Stream sabotage to CIA-backed attacks of 1980s

One of President Vladimir Putin's top allies said on Wednesday that the sabotage of the Nord Stream offshore gas pipelines resembled the U.S. Central Intelligence Agency-backed attacks on oil infrastructure in Nicaragua in 1983.

Reuters

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WEKU

Russia and Saudi Arabia agree to massive cuts to oil output. Here's why it matters

The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.

The Guardian - UK

White House ‘disappointed’ as Opec+ cuts production by 2m barrels per day – business live

Oil cartel and allies including Russia make biggest cut in output since the start of the pandemic, despite pressure from the White House

The Guardian - UK

UK supermarkets accused of raising fuel margins despite petrol price drop

Cost of filling up car has fallen to below £90 but RAC says major retailers are taking extra 10p a litre in margins

The Guardian - UK

Neglected oil painting identified as work of Richmond Barthé

National Trust also identifies sitter of Seated Man in a Landscape as sculptor’s domestic helper

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Asharq Al-Awsat

Energy Crisis Feared by Europe Long a Reality in Iraq

Europe may fear an energy crisis over the coming winter, but for Iraqis an unstable power supply and frequent blackouts have been a reality during decades of war and turmoil. The Middle Eastern country is rich in oil, but endemic corruption and devastating conflict have taken a heavy toll on…

Bangkok Post

Opec+ expected to slash oil output

VIENNA: Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to 2 million barrels per day in a bid to prop up slumping prices.

The Times of India

Amazing benefits of henna for hair growth and hair health

Henna has been traditionally used during weddings and auspicious occasions to create beautiful patterns on hand. It is symbolic of a married woman’s wedded bliss, a girl’s happiness and festivity in Indian traditions. Traditionally, people with grey hair have used henna to colour their hair. But henna has also been…

AAP

Leaders urged to protect Lake Eyre rivers

Environmental groups and farmers are worried about major environmental concerns about the impact of gas developments on the Lake Eyre basin.

Bangkok Post

Diversification drive persists

National oil and gas conglomerate PTT Plc is pushing ahead with non-oil businesses, which are set to become a new source of revenue and keep the company in line with the global trend towards clean energy.

Reuters

Two oil wells operated by Nigeria's Eroton on fire -oil spills agency

Two oil wells operated by Nigerian firm Eroton Exploration and Production Limited caught fire on Monday and were still burning on Tuesday after the company hired a contractor to try extinguish the fire, the agency responsible for detecting oil spills said.

The Conversation

A provincial sales tax is the solution to Alberta's fiscal roller-coaster

With a new Alberta premier taking office in October and a general election required by the end of May 2023, fiscal policy may become a wedge issue between Alberta’s United Conservative Party and the NDP.

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