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The Latest Breaking News from Oil

Morrisons, Tesco and Aldi warnings as customers urged not to eat cheese and fish

Morrisons, Tesco, Aldi and more have recalled a number of items in recent weeks

Liverpool Echo

Asian shares advance as oil prices retreat

RECAP: Asian equities mostly rose yesterday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and bank interest-rate hikes. But while global markets have enjoyed a broadly positive week, recession worries and Chinese military drills around Taiwan have traders' nerves on edge.

Bangkok Post

The Senate has a climate deal. Now comes the hard part

After decades of inaction on the climate crisis, the federal government is on the verge of enacting a sweeping plan to slash planet-warming pollution, with Arizona Sen. Kyrsten Sinema agreeing late Thursday to support the bill.

Los Angeles Times

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Dow Drops 150 Points, Crude Oil Rises Over 2%

U.S. stocks traded lower midway through trading, following the release of jobs data

Benzinga

Spain facing nationwide olive oil shortage as heatwave continues to cause issues

The third extreme heatwave in the popular holiday destination, coupled with the lack of rain, has proved to be a major blow for olive oil production across the country

Glasgow Live

Activists vow to fight bid for huge new oil field in waters west of Shetland

ENVIRONMENTAL campaigners have vowed to fight a new oil field being brought online which is twice the size of Cambo, as a fossil fuel firm takes…

The National (Scotland)

EPA says it is looking for “super-emitters” of methane gas in Texas’ Permian Basin

The federal environment agency says it will continue flyovers of the Permian Basin in Texas and New Mexico until Aug. 15 using infrared cameras to survey oil and gas operations.

The Texas Tribune

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ExxonMobil bid to end Indonesia lawsuit found ‘meritless’

US judge dismisses oil and gas giant’s arguments for avoiding trial over alleged human rights abuses in Indonesia.

Al Jazeera

Saudi Revenues Jump 50% in 1st Half of 2022, with $36 Bn Surplus

In a performance that exceeded the targeted budget surplus for 2022, the Saudi Ministry of Finance disclosed on Thursday a record increase in revenues during the first half of this year, driven by a surge in oil prices and the fast growth of the non-oil sector. Experts told Asharq Al-Awsat…

Asharq Al-Awsat

Karkkadakam bathing rituals of Kerala, in a new package

Kerala’s seasonal bath includes specially prepared oils, potions, herbs and flowers. It now comes packaged as convenient bathing essentials

The Hindu

Honolulu utility finds chemical in Red Hill monitoring well

The Honolulu Board of Water Supply says it detected a small amount of a chemical naturally occurring in coal, crude oil and gasoline in a monitoring well near the Navy's Red Hill Bulk Fuel Storage Facility

The Independent UK

What's for dinner? Mofongo de camarones

This humble meal is today considered Puerto Rico's unofficial national dish, and a family favorite for many

Salon

UK braces for long recession after biggest interest rate hike in 27 years, ASX rises to two-month high

Australian shares rise to their highest level in two months, after oil prices sink to their lowest level since before Russia's invasion of Ukraine, and the Bank of England announces its biggest interest rate hike in 27 years and warns of a long recession for Britain.

ABC News

PTTEP to bid for new licences in the Gulf

PTT Exploration and Production Plc (PTTEP) is preparing to join a new auction for petroleum exploration and production licences in the Gulf of Thailand, part of the government's efforts to increase the domestic gas supply.

Bangkok Post

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The Independent UK

Surprise Senate vote would overturn Biden environmental rule

In a surprise victory for Republicans, the Senate on Thursday voted to overturn a Biden administration rule requiring rigorous environmental review of major infrastructure projects such as highways, pipelines and oil wells — a victory enabled in part by Democratic Sen. Joe Manchin of West Virginia

StockNews.com

This 1 Energy Stock Has Major Momentum — Is It a Buy?

Birchcliff Energy Ltd. (BIREF), an intermediate oil and natural gas company, reported strong quarterly results, with robust fund flows and impressive production. The stock has garnered significant investor attention and soared nearly 100% over the past year. Is it worth adding the stock to your portfolio now? Let’s find out….

Daily Mirror

Liz Truss defends not taxing obscene oil profits as she pledges NHS shake-up

The wannabe Prime Minister was challenged during a Sky News husting event over whether she would back a windfall tax on companies such as Shell, and said she would not apologise to Nicola Sturgeon

The Hindu

Is the declining rupee a crisis or an opportunity?

There is an expectation of further depreciation, which can lead to further capital outflows

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news in one place.

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Asharq Al-Awsat

Oil Prices Slump to Lowest Since Before Ukraine Invasion

Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of Ukraine as traders fretted over the possibility of an economic recession later this year that could torpedo energy demand. Benchmark Brent crude futures dropped more than 3% to $93.81 a barrel after touching a…

StockNews.com

Are These Two Stocks Worth Buying After Oil Prices

Oil prices dropped on the news of growing U.S. stockpiles and OPEC raising supply. However, a ban on Russian oil amid robust demand might cause oil prices to hit significant highs soon. So, should you invest in energy stocks Occidental Petroleum (OXY) and Devon Energy (DVN) now? Read on to…

Benzinga

Sorry! Diesel Prices Are Likely To Climb Again Soon

For today's MODES, I called up FreightWaves Editor-at-Large John Kingston to find out what the heck is happening with diesel prices recently. I learned a lot, but the most important takeaway was the World Oil Market Waterbed Theory. This conversation was lightly edited and condensed for clarity.

Benzinga

G2 Energy Provides Oil and Gas Production Update on Masten Unit Operations

Vancouver, B.C. - TheNewswire - August 4th, 2022 - G2 Energy Corp. (CSE:GTOO), (CSE:GTOO), ((, (FKN:UD9) (the "Company" or "G2") is pleased to provide an operational update on its wholly owned Masten Unit ("Masten").

Benzinga

Nasdaq Edges Higher; Crude Oil Falls Sharply

U.S. stocks pared some losses midway through trading, with the Nasdaq Composite turning higher on Thursday.

Al Jazeera

Russian court jails Griner for nine years; US calls for release

Joe Biden calls the sentence against the WNBA star, who was arrested at a Moscow airport in February, ‘unacceptable’.

The Hindu

Agriculture Minister launches cultivation of Malaysian oil palm variety in Andhra Pradesh

3F OIl Palm Privat Limited to invest ₹30 crore to promote the variety

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