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The Latest Breaking News from Oil

Mexico's Pemex says 1 dead, 1 missing after incident at Madero refinery

Mexican national oil company Pemex said one person was dead and another missing on Friday after an "incident" caused by a storm at the Madero refinery in the state of Tamaulipas.

Reuters

Lower fuel prices push by Brazilian president Jair Bolsonaro hurts Aussie farmers

Brazilian politics might be half a world away but that hasn't stopped a president's populist push from putting pressure on Aussie farmers.

ABC News

Sailing down the Stuart Highway, Guts Touring revives the Blackfella/Whitefella spirit

In the year Midnight Oil plays its farewell tour, another group of musicians is taking inspiration from the Oils' iconic 1986 'Blackfella/Whitefella' tour with the Warumpi Band, touring from the Top End all the way down to Tasmania.

ABC News

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Manchin's deal packed with concessions

Manchin's deal is filled with measures "that are helpful to our business," energy executive says

Salon

Scotland needs ‘renewables revolution’ after climate change-fuelled heatwave

ENERGY companies and governments pursuing oil and gas have faced fresh criticism as new research confirms this month’s heatwave was made ten times…

The National (Scotland)

Lebanon Optimistic on Reaching Maritime Border Deal with Israel

Lebanese Foreign Minister Abdallah Bou Habib said on Friday there is more optimism than ever on reaching a deal to delineate the country's maritime border with Israel via US mediation, according to a tweet from the ministry's account. "There has never been optimism to the extent that there is today,"…

Asharq Al-Awsat

Crude Oil Rises Sharply; Amazon Tops Q2 Views

U.S. stocks traded higher midway through trading, after recording gains in the previous session.

Benzinga

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Oil company profits boom as Americans reel from high fuel prices

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

The Guardian - US

Oil giants report record results amid petrol and energy price hikes

Exxon Mobil, Chevron and Shell all came out on top in second quarter financials

Evening Standard

Oil giants report record profits

The two largest US oil companies, Exxon Mobil and Chevron Corp, reported record revenue and profits on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European giants a day earlier.

Bangkok Post

Energy Advocates Urge Biden to Declare Climate Emergency

Intervention by the federal government could protect Gulf Coast "sacrifice zones" while keeping the power on amid record temperatures.

Texas Observer

Northern Ireland fuel and home heating oil cost variations across the country as prices drop

Fuel prices remain on a downward trend

Belfast Live

Will the Middle East be a flashpoint between the US and China?

With the US potentially pivoting away from the Middle East, will China rush in to fill the gap?

Al Jazeera

ADNOC Distribution to Acquire 50% Stake in 'TotalEnergies Egypt'

Abu Dhabi National Oil Company (ADNOC) Distribution agreed with "TotalEnergies Marketing Afrique SAS" to acquire a 50 percent stake in TotalEnergies Egypt for about $186 million, with an additional earn-out of up to $17.3 million. TotalEnergies Egypt was established in 1998 and is a leading global multi-energy company with a…

Asharq Al-Awsat

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WEKU

Climate experts experience an odd sensation after the Manchin budget deal: optimism

Democrats in Congress look ready to pass legislation with significant climate change elements that push the country closer to President Biden's ambitious goals.

The Guardian - UK

Dolma, moussaka, and koftas: Aleksandar Taralezhkov’s summer courgette recipes

Seasonal courgettes as they do it in Bulgaria: stuffed into dolma with smoky bulgur wheat and tomato, fried with feta and onion into golden patties, or as a base of a lighter lamb moussaka

Evening Standard

Best sex toys for couples including vibrators, rings, gels and restraints

Because two is a party

The Independent UK

Cost of living – live: Borrowing money to pay energy bills could ‘spark housing crisis’

Oil and gas companies report landmark earnings as households crippled by price caps

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news in one place.

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ABC News

Why is diesel so expensive? Retailers are charging 20c per litre more than they should, fuel watchers say

Australians are paying about 20 cents a litre more for diesel than they should be, consumer advocates say. They say there doesn't seem to be a good answer for the high prices.

The Times of India

New bench of traders muscle in to supply Russian oil to India

NEW DELHI: India is set to get more channels to buy cheap Russian oil, with a new wave of smaller, international traders muscling into its vast market by offering barrels shunned by rivals after the invasion of Ukraine.

USA Today Sports Media Group

Best photos of Ohio State football players, Ryan Day at Big Ten media days

Some of the best photos of the Ohio State players and head coach Ryan Day at Big Ten media days this week. #GoBucks #B1G

Wales Online

Shell reports record profits of nearly £10bn as Brits struggle to pay energy and fuel bills

The energy firm continues to make massive profits from energy hikes after the invasion of Ukraine

USA Today Sports Media Group

Photo Gallery: Michigan State football at Big Ten Media Day

Check out some of the best photos of the Spartans at this year's Big Ten Media Days in Indianapolis

The Conversation

Oil refinery closures, cleaner fuels and security of supply in South Africa

While South Africa has been preoccupied with rolling electricity blackouts, security of liquid fuels supply has been overlooked even though – by my calculations – by value of sales it is 60% larger than electricity sales.

The Guardian - UK

‘Insult to millions’: Shell and Centrica profits cause outrage as energy bills soar

News of billion-pound profits comes after UK households warned average annual bill could hit £3,850 by 2023

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