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The Latest Breaking News from Oil

Egypt Records 6.56% Increase in Manufacturing Production in June

Preliminary data on Egypt’s manufacturing and extractive industries production showed that the sector grew by 6.56 percent on a month-on-month basis in June 2022, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The manufacturing and extractive industries index — excluding crude oil and petroleum products — reached…

Asharq Al-Awsat

Best massage oils for relaxation and rejuvenation

Relaxation in three, two, one...

Evening Standard

Croatia detains five people suspected of cheating oil and gas firm INA

A court in Zagreb has ordered five people to be kept in custody for a month for questioning over a suspected fraudulent trade deal that lost Croatia's oil and gas firm INA 1 billion kuna ($132 million), local media said on Monday.

Reuters

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Scottish workers for US oil and gas giant Baker Hughes begin strike action

AROUND 110 workers for US oil and gas giant Baker Hughes are starting strike action on Monday August 29 with Unite union accusing the…

The National (Scotland)

Oil Climbs on Prospect of OPEC Supply Cut, Demand Growth

Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural gas prices in Europe, helped offset a dire outlook for US growth. US West Texas Intermediate (WTI) crude futures jumped $1.09,…

Asharq Al-Awsat

Five summer suppers for sweetcorn season

Last week, Emily Weinstein waxed lyrical about the tomato. Now she’s infatuated with its sweet, seasonal sister: sweetcorn

The Independent UK

Crypto and climate change: can web3 help get us to net zero?

New tech ventures want to use blockchain to clean up a messy carbon market — but critics fear more greenwashing

Financial Times

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Have we seen the last of $2 petrol for a while?

Average fuel prices in Australian capital cities remain well below the peaks seen in March and June. Recent data reveal fuel is around 30-35 cents per litre lower than the highs of two months ago. As of last week, the average price of 95 octane unleaded across eight capitals stood…

The Conversation

Explainer: Untangling the crisis in Libya

Libya's worst fighting for two years suddenly hit the capital, Tripoli, on Saturday. This explains what led to the violence, why it matters, and how things may play out.

Reuters

Labor is sending mixed messages on energy – and some of it sounds like climate denial

The release of vast new areas along the Australian coast for oil and gas exploration is undermining proclamations about creating a cleaner economy

The Guardian - AU

Low fuel inventories cause special concern in US Northeast

Low fuel supplies in the U.S. Northeast are raising concerns that an extreme weather event could cause supply disruptions

The Independent UK

'Deep rooted anger': Oil drilling protesters cause a stir at Shell petrol station

"If you're in a hole you first stop digging"

Manchester Evening News

Europe has little option but to rescue consumers from the energy crisis

With no end to Ukraine war in sight and transition away from Russian gas ongoing, scale of support will have to be massive

The Guardian - UK

IMF: Saudi Arabia Reaping Benefits of Transparent Economic, Financial Policies

Saudi Arabia is reaping the fruits of success after implementing transparent economic and financial policies, good management of the coronavirus crisis and carrying out economic reforms that have led to increased job opportunities and continued improvement in living standards, revealed IMF Mission Chief for Saudi Arabia Amine Mati. The Kingdom’s…

Asharq Al-Awsat

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Liverpool Echo

Aldi shoppers praise 'magic' £4 Specialbuy that's 'better than high end brands'

One Aldi shopper said: "I've been using this oil on my face and body and the results are amazing!"

The Guardian - UK

British blue chips are on the rise, but recession could torpedo prospects

The FTSE 100 reveals winners and losers this week – with banks, oil giants and BAE starring. But the good news can’t last

Reuters

U.S. to name ambassador-at-large for the Arctic

The United States plans to name an ambassador at large for the Arctic, reflecting the region's growing strategic and commercial importance as its shrinking opens up new sea lanes and vast oil and mineral resources.

Salon

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Bristol Post

Tesco, Asda, Morrisons and Lidl issue urgent product recalls of foods that may cause harm

Among others, beer is being recalled as it could potentially burst

Asharq Al-Awsat

OPEC+ Member States Support Saudi Arabia’s Stance on Balancing Oil Markets

A statement by Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman on balancing oil markets has been met by a flurry of support by OPEC+ member states. The United Arab Emirates is aligned with Saudi Arabia’s thinking on crude oil markets, a source with knowledge of the matter told Reuters…

Asharq Al-Awsat

Hezbollah Threatens Israel, Intensifies Attack on US

Hezbollah intensified its attack on the United States, accusing it of “working to weaken and blackmail Lebanon to subject it to Israeli conditions.” The party has also threatened Israel over the border dispute and the oil and gas exploration in the Mediterranean. With the arrival in June of the Energean…

The Guardian - US

Will Joe Biden’s gamble on big oil pay off in leveling gas prices?

After begging the industry to increase supply, the White House used its reserve to strategically set fuel prices

The Guardian - UK

TV tonight: treat yourself to Cynthia Erivo’s incredible voice at the Proms

The Grammy-winning singer covers hits by Nina Simone and Billie Holiday. Plus: grave consequences in BBC Four’s Norwegian oil boom drama. Here’s everything to watch this evening

Liverpool Echo

Lidl, Tesco and Morrisons issue 'do not eat' warning for fish, fruit and more

In some cases, the products are a health risk due to the presence of salmonella

Reuters

Cuba asks for U.S. technical assistance in oil fire clean-up

Cuba said on Friday it sought U.S. technical assistance in cleaning up after a massive fire at an oil storage facility that killed 16 fire fighters.

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