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The Latest Breaking News from Oil

Oil prices set to stay high despite global outlook

Rising diesel consumption in Europe during the winter is expected to drive up global oil prices, despite the prospect of a worldwide economic slowdown, says the Oil Fuel Fund Office (Offo).

Bangkok Post

Peru indigenous groups block river in the Amazon after oil spill

Peruvian indigenous groups were blocking a large river in the country's Amazon region on Wednesday in protest over a crude oil spill of an estimated 2,500 barrels in the world's largest rainforest, the government said.

Reuters

US: Focus new Russia sanctions on oil revenue, arms supplies

U.S. sanctions going forward must focus on depriving President Vladimir Putin of the oil revenue and arms supplies he needs to press his war in Ukraine

The Independent UK

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3 Energy Stocks to Buy Right Now if You’re a Long-Term Investor

Russia is likely to propose a significant reduction in output at the next OPEC meeting. Amid the supply crunch, JPMorgan expects Brent to head toward $100 a barrel in the coming months. Hence, fundamentally strong energy stocks Valero Energy Corporation (VLO), Marathon Oil Corporation (MRO), and APA Corporation (APA) might…

StockNews.com

Mexican senator files criminal complaint against energy minister, Pemex CEO over methane leak

A Mexican senator filed on Wednesday a criminal complaint against the country's energy minister and the chief executive of Pemex for allegedly not reporting a methane leak at one of the state oil company's offshore platforms, according to the document seen by Reuters.

Reuters

Brussels promises to cap price of Russian oil after Putin escalation

European Commission also proposes extra curbs on hi-tech trade as part of sanctions to ‘make Kremlin pay’ over Ukraine war

The Guardian - UK

Dow Jumps 300 Points; Crude Oil Rises Sharply

U.S. stocks traded higher this morning, with the Dow Jones gaining around 300 points on Wednesday.

Benzinga

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I swear by this 1 DIY dusting spray recipe to repel dust in my home – it's so affordable and easy to make

Successfully dust, clean, and prevent debris and dander from re-settling

Homes & Gardens

Biden to oil industry: Don't raise prices as hurricane nears

President Joe Biden is warning the oil and gas companies against increasing prices for consumers as Hurricane Ian nears landfall along Florida’s southwest coast

The Independent UK

Nord Stream blasts could herald new phase of hybrid war, say EU politicians

Norway to make military visible at oil and gas installations as bloc rounds on Russia for suspected act of sabotage

The Guardian - UK

New report: Oil spills from offshore transportation way down

A new government report says oil spills from tankers and pipelines in U.S. dropped dramatically from the last decade of the 1990s to the one from 2010 through 2019

The Independent UK

Biden warns oil and gas industry against using Hurricane Ian to raise prices: ‘There is no excuse’

Mr Biden says he will order officials to investigate any instances of price gauging as a result of the hurricane

The Independent UK

EU executive proposes eighth batch of sanctions against Russia

The European Union executive proposed on Wednesday an eighth round of sanctions against Russia over its invasion of Ukraine, including tighter trade restrictions, more individual blacklistings and an oil price cap for third countries.

Reuters

Labour's plans for the economy explained as turmoil engulfs UK - and hits you

Labour has sought to cast itself as the party of 'sound money' as alarm mounts over the Chancellor's explosive mini-Budget

Daily Mirror

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Reuters

Analysis-India sharpens stand on Ukraine war but business as usual with Russia

India is articulating its position against the Ukraine war more robustly to counter criticism that it is soft on Russia, but it still has not held Moscow responsible for the invasion and will not alter its policy on importing cheap Russian oil and coal.

Dynamite News

Spike in oil price breaking India's back: Jaishankar

India is deeply concerned over the spike in the price of oil due to the Russia-Ukraine conflict and it is "breaking our back," External Affairs Minister S Jaishankar has said. Read more on Dynamite News:

Reuters

Norway to deploy military to protect its oil and gas installations

Norway will deploy its military to protect its oil and gas installations against possible sabotage after several countries said two Russian pipelines to Europe spewing gas into the Baltic had been attacked, the prime minister said on Wednesday.

Daily Mirror

Plummeting pound will see cost of a tank of petrol or diesel rise by up to £3

The grim prediction comes despite fuel prices at UK forecourts falling to their lowest level since mid-May, according to figures by the Department for Business, Energy and Industrial Strategy

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The Independent UK

University bans fossil fuel companies from recruiting students with careers service

It is believed to be first university to cut ties with oil and gas recruiters

Asharq Al-Awsat

Saudi Economic Resilience to Increase 60% by 2030

A recent study by the King Abdullah Petroleum Studies and Research Center (KAPSARC) concluded that Saudi Arabia’s gross domestic product will become 60 percent more resilient to shocks, including fluctuations in oil prices, by 2030. According to the study, which used standard models, the economic reforms of Vision 2030 will…

The Independent UK

Tom Kerridge’s ‘real life’ recipes to make every day taste special

The Michelin starred chef’s new cookbook is written with modern family life in mind. Lauren Taylor puts it to the test

Irish Mirror

How to fill your fridge to make your food last longer and cut back on energy bills

The higher shelves in the fridge should be used to house foods that spoil easily with moisture because this is the safest place to avoid it.

Daily Mirror

'Petrified' nurse with rare conditions says she's terrified of 'dying cold and alone'

Susan Mathews, from Armagh, Northern Ireland, has a disorder which affects her body's ability to control her temperature, leaving her feeling extremely cold all year round and is forced to wear winter clothing to keep her body warm.

The Guardian - UK

First Thing: Cuba left without power as Hurricane Ian heads to Florida

Island’s electricity grid collapses after hurricane hits, as people in Florida told to evacuate. Plus, Bowie’s Starman lyrics fly at auction

WEKU

Why tackling climate change means a stronger economy — according to Janet Yellen

Yellen says the Biden administration is emphasizing action on climate change to make a more resilient American economy. What does that look like for the future of infrastructure and spending?

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