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The Latest Breaking News from Oil

Domestic fuel consumption for the first seven months grew by 13.5% year-on-year for all kinds of fuel except kerosene, according to the Department of Energy Business.

Bangkok Post

Huge profits for fossil-fuel giants Woodside and Santos stoke calls for windfall tax

Senator David Pocock and Bob Carr among those urging Albanese government to claw back massive mining profits

The Guardian - AU

Rockhopper awarded millions by Italian government over cancelled oil rig project

The AIM-listed company, which is based in Wiltshire, brought its case against the country in 2017

Birmingham Post

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What the papers say – August 30

The front pages splash on the potential of North Sea oil amid rising energy bills.

The Independent UK

Ship carrying 400 tonnes of oil CRASHES off Gibraltar coast and starts to sink

An container ship carrying more than 400 tonnes of oil has crashed into another vessel leaving the Port of Gibraltar and is sinking with the fear that it will spill its load causing an environmental disaster

Daily Mirror

Woodside profit quadruples amid gas crisis

Australia's largest oil and gas company Woodside Energy has quadrupled profits on soaring prices amid a global energy crisis, boosted by assets bought from BHP.

AAP

1 Energy Stock Investors Are Buying up Like Crazy

Oil & Gas company Energy Transfer (ET) reported impressive second-quarter financials and raised its fiscal 2022 full-year guidance. Moreover, the company is well positioned for considerable growth in the coming quarters, driven by strategic acquisitions, partnerships, and continued energy demand. Given ET’s high dividend yield, many investors are scooping up…

StockNews.com

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3 Momentum Stocks to Ride for the Rest of 2022

Jerome Powell’s speech at Jackson Hole on Friday left little room for doubt or speculation regarding the upward trajectory of interest rates to control inflation. Since that also translates to extended pain for the stock market, it could be wise to invest in fundamentally strong stocks Birchcliff Energy (BIREF), Amplify…

StockNews.com

Pattaya to get 1st hydrogen filling station

National oil and gas conglomerate PTT Plc is preparing to co-launch Thailand's first hydrogen filling station next month in Pattaya to serve trucks and buses, part of efforts to help the government fight global warming.

Bangkok Post

Federal dollars bolster Colorado’s efforts to clean up orphaned oil and gas wells

Colorado’s initial funding of $25 million in federal money to clean up orphaned oil and gas sites will bulk up a new state fund intended to cover the costs associated with hundreds of wells across the state.

The Denver Post

Losses on petrol, LPG end; continue to incur loss on diesel sales: BPCL chairman

‘Global prices volatile, unable to pass on volatility’

The Hindu

Nasdaq Down Over 1%; Crude Oil Rises Sharply

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping more than 100 points on Monday.

Benzinga

Tesla's Elon Musk Focusing On Wide Release Of FSD Before Year's End

Musk shifts his focus often thanks to running multiple companies that are impacted by global events. Can he ready Tesla's FSD tech for wide release this year?

InsideEVs

Eight arrested following Just Stop Oil roadblock in Essex

Officers were called to the scene in St Clements Way, in West Thurrock Grays at around 8pm on Sunday after reports of a group obstructing the road.

The Independent UK

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The Times of India

Elon Musk: World needs more oil and gas as bridge to renewables

The world needs more oil and gas now to deal with an energy shortage while pushing to transition to renewable supplies, Tesla Inc chief executive officer Elon Musk said.

The Times of India

Mukesh Ambani details succession plan: Retail to Isha, energy to Anant

NEW DELHI: Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For August 29, 2022

Upgrades

Daily Record

Scots workers at US oil and gas giant strike over fire and rehire with £10,500 pay cut

Baker Hughes staff in Scotland were given redundancy notices in June, then offered lower paid contracts.

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The Times of India

Reliance plans Rs 2.75 lakh crore investment; prepares for larger battle with Adani group

MUMBAI: Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his $221 billion-empire by rolling out 5G services from October, adding capacity in the core oil and chemical business and taking on rival Gautam Adani with a foray into FMCG sector.

The Times of India

Sensex sinks 861 points as hawkish Fed roils global markets

MUMBAI: Equity markets buckled under selling pressure on Monday as an intense sell-off emerged in IT, teck and banking stocks amid a bearish trend overseas following hawkish comments from the US Federal Reserve.

Daily Mirror

Supermarkets say Brits facing 'shortage of Mars bars due to production issues'

Some shops in the UK are reportedly not expecting deliveries for at least a fortnight, while shelves have been stripped bare of the popular product amid production issues

The Guardian - UK

Thomasina Miers’ recipe for roast beet, blackberry and barley salad with goat’s cheese

Beetroot and onion roasted with rosemary, tossed with barley, doused in blackberry-infused vinegar and topped with crumbled goat’s cheese

Asharq Al-Awsat

Elon Musk Says the World Still Needs Oil and Gas

The world must continue to extract oil and gas in order to sustain civilization, while also developing sustainable sources of energy, Tesla founder Elon Musk told reporters at a conference in Norway on Monday. "Realistically I think we need to use oil and gas in the short term, because otherwise…

Los Angeles Times

Fried chicken with vegan gombo? They make sense together in Keith Corbin's 'California Soul'

LOS ANGELES — Keith Corbin wasn't looking for a career as a chef when he went to work for Roy Choi and Daniel Patterson at their Watts neighborhood restaurant, Locol.

Tribune News Service

Quick Fix: Smash burgers perfect for Labor Day weekend

Smash burgers are all the rage. They’re ground beef rolled into balls, and smashed with a burger press into thin patties. This creates a large surface for extra browning and flavor. The thin patties cook in 3 to 4 minutes. For this recipe, you don’t need a special press. You…

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