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The Latest Breaking News from Oil

Why fuel is cheaper at independent petrol stations than supermarkets

According to an expert, prices are going up day-by-day and there are heavy restrictions on supplies.

Daily Record

Germany to use windfall tax income to reduce energy prices for end consumers

Germany's government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal, German Chancellor Olaf Scholz said on Sunday, announcing measures to mitigate the impact of rising energy prices on its population.

Reuters

‘Afraid for our lives’: Ukraine nuclear plant loses power

Constant artillery fire has prompted fears of a radiation disaster in the Zaporizhzhia area.

Al Jazeera

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More shelling raises nuclear fears as Kyiv, Moscow await UN report

Power at a critical nuclear plant in Ukraine was all but cut off on Monday for the second time in two weeks as Kyiv accused Moscow of pushing the war to the brink of nuclear catastrophe, one day before the U.N. nuclear watchdog was due to issue an assessment of…

Reuters

Does carbon capture and storage work and can it help Australia achieve net zero by 2050?

The technology is being hailed as one way Australia can open new oil and gas projects while simultaneously combating climate change. But there are doubts CCS is up to the task.

ABC News

Fears rise of energy crisis after Russia switches off the gas – again

Shutdown over ‘oil leak’ comes only hours after G7 nations agree to impose a price cap

The Guardian - UK

5 best tahini substitutes

Bonus: you can find them all in your pantry and fridge (promise!)

Salon

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Russia Keeps Pipeline Shut as Gazprom, Siemens Energy Wrangle

Russia kept one of its main gas supply routes to Europe shut on Saturday, stoking fears of winter fuel shortages and spotlighting differences between Gazprom and Germany's Siemens Energy over repair work on the pipeline. Already struggling to tame soaring gas prices, European governments had expected the Nord Stream 1…

Asharq Al-Awsat

Chris Jowsey: the pubs boss lobbying to keep locals in business

Tired of waiting for government help for his tenants facing soaring energy bills, the Admiral Taverns chief executive decided to buy fuel direct from an oil and gas producer

The Guardian - UK

EU ‘prepared to meet challenge’ if Russia fails to respect energy contracts

Comments come after Gazprom extends shutdown of gas supply through Nord Stream 1 to Germany

The Guardian - UK

Why fuel prices are cheaper at independent petrol stations compared to supermarkets

According to Colin Owens of Oil4Wales, price hikes every day and restrictions on supplies could be contributing factors for the comparison in oil prices

Wales Online

Tesla Giga Canada Rumors, Ford's Sizzling EV Sales, Lucid, Nikola Tap Equity Market, Canoo Loses Top Manufacturing Executive: Week's Biggest EV Stories

Electric vehicle stocks fell across the board in the week ended September 2 amid macroeconomic concerns that rocked the market. The August jobs report, the U.S. government’s move to restrict chip exports to China, and the shutting down of the Nord Stream 1 offshore pipeline that supplies oil from Russia…

Benzinga

Air cargo is swiftly moving from Coimbatore to the UAE laden with flowers for Onam

As Onam approaches air cargo is swiftly moving from Coimbatore to the UAE laden with flowers, ultra thin banana chips and cold-pressed coconut oil

The Hindu

Wyoming fossil fuel leases and Biden

"We hope that moving forward, the Biden administration won't shy away from exercising its authority"

Salon

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news in one place.

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Radio France Internationale

Pressure grows on France to levy windfall tax on ‘super profits’

As ordinary French people fret over the rising cost of living, the government is under pressure to levy a windfall tax on energy firms that have reaped the benefits of higher oil and gas prices pushed up by the war in Ukraine. While the government is divided, PM Elisabeth Borne…

The Guardian - UK

Claire Thomson’s recipes for back-to-school packed lunches

Black bean burritos, mini pizzas and couscous salad to brighten any school lunchbox

Reuters

Nuclear plant loses power line as Moscow, West energy row escalates

A critical nuclear power plant in Ukraine again lost external power, international energy officials said on Saturday, heightening concerns as the energy battle between Moscow and the West ramped up in recent days amid the ongoing war.

The Guardian - AU

Russia-Ukraine war latest: what we know on day 192 of the invasion

Russia’s Gazprom extends shutdown of Nord Stream pipeline 1; nuclear inspectors to remain at Zaporizhzhia plant; G7 puts price cap on Russian oil

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news in one place.

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Tribune News Service

More muscle? Body oil? Luka Doncic’s weight, fitness look steady as Mavs’ season looms.

COLOGNE, Germany — With a couple minutes left in the first quarter of Slovenia’s EuroBasket-opening win Thursday, center Mike Tobey grabbed an offensive rebound and bullied against Lithuania’s NBA starter, Jonas Valanciunas, for a second-chance layup.

Reuters

Russia using energy as weapon, White House says about Nord Stream shutdown

Moscow is using energy as a tool to pressure Europe, the White House said about the delayed return of Gazprom's Nord Stream 1 natural gas pipeline, as Europe gets closer to a ban on oil imports from Russia.

The Texas Tribune

EPA reverses course, rejects permit for massive oil exporting project offshore from Corpus Christi

During the Trump administration, the Environmental Protection Agency exempted a proposed oil export terminal off the Texas coast from air pollution requirements. This week it rejected the permit because of pollution concerns.

Bangkok Post

Look for selective plays with strong growth stories

We expect the SET Index to move higher in September. On the external front, we believe investors have digested the prospect of more rate hikes from the US Federal Reserve and thus expect a limited impact from the next upward move, given the hawkish signals sent recently by Fed chairman…

Bangkok Post

BAFS sees soaring jet fuel sales amid aviation recovery

SET-listed Bangkok Aviation Fuel Services (BAFS) expects jet fuel sales to exceed 3 billion litres this year, enabling it to move back into the black thanks to the government's easing of air travel restrictions.

The Guardian - UK

Russia’s hybrid war on Ukraine extends to new terrain as Gazprom cuts supply to Europe

Energy war with west has exploded after weeks of tension

The Hindu

Anil Kumar is Indian Oil ED

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Rafael Mariano Grossi

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