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The Latest Breaking News from Oil

How authentic are ayurvedic treatment oil for beauty rituals

The Ayurveda medical science has been a trusted weapon for taking care of our physical and internal health for ages. People rely on ayurvedic products to protect their skin from everything around them, especially climate change issues that cause the skin to lose its eternal glow. In addition, they always…

The Times of India

Sustainable wild sandalwood harvest sought by Yilka traditional owners

Rangers who harvest wild sandalwood from one of the most remote corners of Australia are determined to operate sustainably amid calls for a ban to the practice.

ABC News

PTT sells Indonesian mines

National oil and gas conglomerate PTT Plc has decided to sell its Indonesian coal mining business for US$471 million as the firm continues to move towards clean energy.

Bangkok Post

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Exports decline marginally to $35.24 billion in July; trade deficit triples

NEW DELHI: Exports dipped, though marginally, for the first time in 17 months in July, while trade deficit tripled to a record $31 billion fuelled by over 70 per cent rise in crude oil imports.

The Times of India

Will Sunak or Truss make booming oil and gas firms pay to help consumers?

Energy companies have done themselves few favours by helping investors as they benefit from soaring prices

The Guardian - UK

Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

NEW DELHI: The government on Tuesday evening cut the windfall tax on diesel and ATF in line with softening international petroleum product prices but raised the duty on domestically produced crude oil.

The Times of India

Spain sets limits on air conditioning and heating in new energy-saving measures

Country is the latest in EU to take steps to reduce dependence on Russian oil and gas

The Independent UK

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Rupee jumps 53 paise to breach 78 level, closes at 1-month high on FII inflows

MUMBAI: The rupee rallied 53 paise -- its best single-day gain in over 11 months -- to close at an over one-month high of 78.53 against the US dollar on Tuesday.

The Times of India

Crisis in Iraq Tests its Stability and Iran’s Sway

A power struggle in Iraq between the Shiite cleric Moqtada al-Sadr and rivals aligned with Iran is testing Tehran's ability to stave off a conflict that could damage its interests and further destabilize the oil-rich country. With Sadr supporters camped out in parliament and his opponents protesting in the streets,…

Asharq Al-Awsat

Analysis-Crisis in Iraq tests its stability and Iran's sway

A power struggle in Iraq between the Shi'ite cleric Moqtada al-Sadr and rivals aligned with Iran is testing Tehran's ability to stave off a conflict that could damage its interests and further destabilise the oil-rich country.

Reuters

Big oil’s quarterly profits hit £50bn as UK braces for even higher energy bills

Labour condemns ‘eye-watering’ gains and renews call for windfall tax to ease pressure on household finances

The Guardian - UK

Nasdaq Turns Positive; Crude Oil Moves Higher

U.S. stocks pared losses midway through trading, with the S&P 500 and Nasdaq Composite turning higher on Tuesday.

Benzinga

Brittney Griner's Seventh Moscow Court Appearance: Russian Narcotics Experts Called Into Question By Defense Team, Here's Why

Once again, Russian prosecutors called a state narcotics expert who analyzed the cannabis oil found in Griner’s luggage when she was detained on February 17 at a Moscow airport where she was returning to

Benzinga

Joe Manchin's secret climate "side deal"

Manchin cut a deal to boost oil and gas drilling in exchange for his support for climate change funding

Salon

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The Guardian - UK

Oil firms seem more interested in shareholders than net zero

Analysis: Is the energy industry willing to invest in renewables rather than dividends and buybacks?

Daily Mirror

Tesco shopper shocked at 'daylight robbery' price rise as bottle of olive oil hits £7

One shopper has sparked online debate over bulk buying after they called upon people to make the most of a bargain when they see one before prices soar even further

Daily Mirror

'Brazilian Hulk' who injected oil into biceps to make muscles larger dies aged just 55

Valdir Segato ignored health warnings and the risk of strokes and killer infections to create his superhuman aesthetic - which he said was based on his idols Arnold Schwarzenegger and fictional characters like Marvel's The Hulk

The Independent UK

Almost £7 billion in profits ‘obscene’ as bills soar, BP told

The oil giant announced its results on Tuesday.

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Salon

Senate climate bill, broken down

The Democrats’ deal with Manchin is a climate landmark that would also boost fossil fuels

Daily Mirror

How are energy companies making so much money? Shell and BP announce whopping profits

As the UK continues to struggle under the cost of living crisis, with energy bills rising and petrol prices at increased costs, energy companies have revealed their multi-billion pound profits

The Independent UK

Learn to cook – and love it – with these 10 easy recipes

Ordered from easy to hard, these recipes will not only equip you with the skills to cook with confidence, says Nikita Richardson, but you’ll have 10 delicious dishes under your belt worth cooking on repeat

The Guardian - UK

Spain warns heatwave threatens olive oil production

Weather also threatens output in Italy and grain across Europe as Ukraine war pushes prices higher

The Independent UK

BP ‘laughing all the way to the bank’ with bumper profits while households face poverty, say campaigners

Oil giant sees profits triple to £6.9bn in second quarter while households struggle with massive bill increases

Evening Standard

Politicians could soon spoil the party for BP

Bumper quarter with majors posting record financials as consumers face energy price hikes

The Guardian - US

The world is ablaze and the oil industry just posted record profits. It’s us or them

No single crisis, no matter how existential, will be enough to shut this machine down naturally. We must break it or it will break us

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PTT Plc

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