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The Latest Breaking News from Oil

Top Russian oil official falls to death from hospital window - sources

Ravil Maganov, the chairman of Russia's second-largest oil producer Lukoil, died on Thursday after falling from a hospital window in Moscow, two sources familiar with the situation said, becoming the latest in a series of businessmen to meet with sudden unexplained deaths.

Reuters

Top Russian oil tycoon and opponent of Ukraine war killed after plunging from 6th floor

The hospital where Ravil Maganov plunged from the sixth floor window is on Marshal Timoshenko Street in Moscow - the same one where the last Soviet leader Mikhail Gorbachev died earlier this week

Daily Mirror

Commercial LPG price reduced by ₹91.5 a cylinder

Simultaneously, the rates of aviation turbine fuel were cut marginally by 0.7%.

The Hindu

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Hackers Hit Italian Oil Company Eni’s Computer Networks

Italian oil company Eni's computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesday. "The internal protection systems have detected unauthorized access to the corporate network in recent days," a spokesperson for the company told Reuters in response to…

Asharq Al-Awsat

LPG Cylinder: Prices of commercial cylinder slashed by Rs 91.5

Oil marketing companies have reduced the price of per unit commercial LPG cylinder by Rs 91.50 with immediate effect. Read more on Dynamite News:

Dynamite News

Hawaii closes last coal-fired power plant as ban begins

The last bits of ash and greenhouse gases from Hawaii’s only remaining coal-fired power plant slipped into the environment this week when the state’s dirtiest source of electricity burned its final pieces of fuel

The Independent UK

Carbon capture is not a solution to net zero emissions plans, report says

The technology, put forward as part of the UK’s net zero strategy, could extend the life of fossil fuel infrastructure

The Guardian - UK

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Another Tanker Briefly Blocks Egypt's Suez Canal

An oil tanker briefly became stuck in Egypt's Suez Canal on Wednesday night, officials announced, raising fears that last year's major blockage of the global maritime route could be repeated. The Affinity V "ran aground in the Suez Canal at 19:15" (17:15 GMT)", a security source told AFP, adding that…

Asharq Al-Awsat

California lawmakers OK buffer zones between new oil wells and homes, schools

SACRAMENTO, Calif. — After years of failed attempts to impose health and safety buffer zones around new oil and gas wells in California, state lawmakers on Wednesday sent a bill to the governor that would require setbacks between those production sites and residential neighborhoods and other sensitive areas.

Los Angeles Times

Hawaii to close its only coal power plant in a step toward renewable energy

Lawmakers approved legislation in 2020 banning coal for electricity production by the end of this year

The Guardian - US

Another ship got stuck in the Suez Canal. But the Affinity V blockage was short-lived compared to the Ever Given saga

The Suez Canal Authority says two tug boats were able to refloat the oil tanker, with a rudder malfunction causing the 252-metre vessel to become wedged in the lane.

ABC News

Oil tanker runs aground in Suez Canal sparking major recovery effort on key trade route

A major recovery effort was put in place to free a 64,000-tonne oil tanker that ran aground on the Suez Canal sparking fears that there could be a repeat of the Ever Given disaster for shipping

Daily Mirror

Exhibition examines the problems with power

A series of exquisite oil paintings that touch on problems in politics, international relations and human relationships will be exhibited during "Manifest Destiny" at Number 1 Gallery, Silom 21, from Saturday to Sept 24.

Bangkok Post

Boris Johnson to make energy price crisis announcement today: PM to vow UK will have 'cheap, clean, reliable and plentiful' energy

'The big decisions this Government has made on our energy future will bequeath a United Kingdom where energy is... made right here on British soil'

Wales Online

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The Independent UK

Yellen warns of failure to agree on Russia oil price cap

Treasury Secretary Janet Yellen is warning that a failure to place a price cap on Russian oil would hurt the global economy

The Conversation

What you should know about eating grey seal meat and products from the Gulf of St. Lawrence

There is growing interest in the commercialization of grey seal (Halichoerus grypus) products from the Gulf of St. Lawrence. While seal fur has been sold and blubber processed into oil for a long time, few markets exist for seal meat and organs. However, over the past ten years, small businesses…

Newcastle Herald

Letters: If the container terminal is sunk, what's next for Port of Newcastle?

Newcastle Herald readers have their say

Benzinga

These 4 Energy Stocks Are Rising As Russia Cuts Off German Gas Supply

The United States Oil ETF (NYSE: USO) dropped 1% but the Energy Select Sector SPDR Fund (NYSE: XLE) gained 0.5% on Wednesday as investors digest mixed data on the strength of the global economy and the outlook for energy dema

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The Conversation

Angola's MPLA has been in power for nearly 50 years. The big challenges they must fix

Angolan president João Lourenço, who has been returned to power with a greatly reduced majority, faces the challenging task of turning around the economy and improving the living conditions of the majority, particularly young people.

Benzinga

Dow Drops 100 Points; US Crude Oil Inventories Decline Higher-Than-Expected Last Week

U.S. stocks traded lower midway through trading, with the Dow Jones dropping around 100 points on Wednesday

The Guardian - UK

Global fossil fuel subsidies almost doubled in 2021, analysis finds

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency

Salon

The chemicals destroying human health

Plastic-coated agricultural chemicals have been around since the 1960s

The Conversation

How Russia is using gas as a political tool to win support for the Ukraine war

Russia is using its dominance of the European oil and gas market, where it accounts for 40% of EU gas consumption, to attempt to reduce support for Ukraine.

Irish Mirror

Russian submarine and destroyer in dramatic Irish Sea chase as Defence Forces 'monitor' situation

An oil tanker ship for the Russian navy has drawn the attention of security experts who track Russian naval activity after it was spotted off the Cork coast. The Irish Defence Forces say they are 'monitoring the situation'.

Benzinga

Nasdaq Rises 80 Points; Crude Oil Moves Lower

U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 80 points on Wednesday

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