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The Latest Breaking News from Oil

US Stock Futures Edge Lower; Crude Oil Rises 1%

Pre-open movers

Benzinga

Oil price rebound scares investors ahead of key US Fed speech

THE price of oil surged back over $100 a barrel mark today adding to concerns about the cost of living crisis ahead of likely forecourt fuel hikes.

Evening Standard

Just Stop Oil protesters block service stations on M25 in second day of action

Environmental activists take action at Cobham services in Surrey, Clacket Lane in Kent and Thurrock in Essex

The Guardian - UK

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GERS figures: Scotland's deficit falls to £23.7bn but still more than double the rest of the UK

GERS figures show the public spending deficit was £12.6bn lower than the previous year.

Daily Record

Australian government launches offshore petroleum exploration permits for 47,000 sq km of ocean

Resources minister says exploration ‘central to alleviating future domestic gas shortfalls’ but Greens slam ‘mockery’ of climate target

The Guardian - AU

Offshore gas exploration areas freed up

Almost 47,000 square kilometres of Commonwealth offshore waters have been made available to oil and gas companies.

AAP

Felixstowe port disruption ‘could continue until Christmas’ says union – as it happened

Disruption at the UK’s largest container port could escalate until Christmas unless workers are given an improved pay offer, Unite boss says

The Guardian - UK

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FTSE 100 Live: Brent crude back above $100 as supply fears grow

Brent crude was above $100 a barrel today as supply concerns put upward pressure on the oil price after a brief spell below the threshold.

Evening Standard

Federal government opens 46,000 sq km for offshore oil and gas exploration

The oil and gas industry will have access to another 46,758 square kilometres of Commonwealth waters, with two new offshore greenhouse gas storage areas also approved.

ABC News

Oil Slips as Fears of Imminent OPEC+ Output Cut Fade

Oil prices fell on Wednesday, taking a breather from a near 4% surge the previous day, on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+. Global benchmark Brent crude futures fell 40 cents, or 0.4%, to…

Asharq Al-Awsat

Three quick and easy recipes to help your family go plant-based

Katie Wright gives Deliciously Ella’s new vegan guide a whirl

The Independent UK

UK and US banks among biggest backers of Russian ‘carbon bombs’, data shows

Ukrainian campaigners call for immediate end to investments, to cut funds to war and help avoid climate breakdown

The Guardian - UK

Papua New Guinea brings in minister for coffee

Prime minister says new appointment shows the government’s commitment to expanding key agriculture industries

The Guardian - AU

GSB proposes low-rate loan to Oil Fuel Fund

State-owned Government Savings Bank (GSB) is willing to offer an interest rate at the lowest level possible to the Oil Fuel Fund if the fund needs to shore up its liquidity, says GSB president Vitai Ratanakorn.

Bangkok Post

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ABC News

Coles flags higher costs as inflation bites, WiseTech jumps on earnings, ASX rises

Australian shares have risen after two straight sessions of falls, with energy and mining stocks leading the recovery on firm commodity prices, while concerns over aggressive rate hikes and slowing growth across the globe checked risk appetite.

Bangkok Post

CNT expects to turn a profit in second half

After facing a loss in the first half, SET-listed contractor Christiani & Nielsen Thai (CNT) is expecting to turn a profit in the second half as oil and steel prices dropped.

StockNews.com

2 Oil Stocks Investors Might Want to Load up on This Fall

Gas-to-oil switching and soaring oil use for power generation are boosting oil demand. Moreover, OPEC might be planning a supply cut, which should drive prices higher. So, we think it could be wise to load up on oil stocks Marathon Oil (MRO) and Murphy Oil (MUR) this fall. Read more….

The Guardian - AU

Biggest seismic testing for oil and gas at odds with Australia’s net zero push, activists say

Environmentalists condemn ‘outrageous’ testing plans in Otway Basin off coast of Victoria, Tasmania and South Australia

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Benzinga

Nasdaq Turns Lower; Crude Oil Rises Sharply

U.S. stocks traded lower midway through trading, with the Nasdaq Composite turning negative on Tuesday.

StockNews.com

Buffett Gets OK to Buy 50% OXY; 2 Other "Buy" Rated Stocks in His Portfolio

Warren Buffett’s long-term value investment strategy serves as a guide for several investors. Buffett’s Berkshire Hathaway recently got regulatory approval to buy up to 50% of oil giant Occidental Petroleum (OXY). Since the stock has gained significantly year-to-date, we think it could be wise to wait for a better entry…

Reuters

Meltdown averted but six months on, Russians face economic pain

Russia's economy has avoided the meltdown many predicted after Moscow sent its forces into Ukraine six months ago, with higher prices for its oil exports cushioning the impact of Western sanctions, but hardships are emerging for some Russians.

The Independent UK

Angolans prepare for elections amid calls for a poll sit-in

Angola — one of Africa’s largest oil producers — is preparing for a general election Wednesday and voters are debating whether they should vote and sit at the polling stations to monitor the process or cast their ballots and go home

Liverpool Echo

Tesco urges customers who bought tablets not to take them

Tesco discovered raised levels of glycidol, which are above the permitted legal limit in the product

The Times of India

"Why is my BP high even when I am fit?" Experts answer why fit and healthy people suffer from high blood pressure

High blood pressure is one of the leading causes of premature deaths in India. High blood pressure or hypertension can sit silently for years without showing any visible sign. In fact as per official statistics, one in eight Indians suffer from hypertension. As per WHO, only about 12% people with…

The Guardian - UK

Anglo-French oil firm threatens Amazon reserve for isolated Indigenous people

Perenco sues Peru government for repeal of law that offers recognition to proposed Napo-Tigre reserve

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