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The Latest Breaking News from Oil

Old Lexus And BMW Engines Drained Of Oil, Torture Tested To Death

Both cars are over 20 years old and both have V8s under the hood. But one significantly outlasts the other.

Motor1

Citigroup, Bank of America And 48 Stocks Moving In Friday's Mid-Day Session

Gainers United Maritime Corporation (NASDAQ: USEA) shares jumped 180.9% to $6.19. United Maritime, on Tuesday, announced acquisition of four oil tankers and filed for stock offering on Wednesday.

Benzinga

President Biden arrives in Saudi Arabia, reversing promise to make it an international outcast

JEDDAH, Saudi Arabia — President Joe Biden arrived at the Royal Palace here on Friday to meet with the leaders of the oil-rich country he once vowed to make a “pariah” over its human rights abuses as the White House is scrambling to mitigate record inflation and high gas prices…

Los Angeles Times

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East Lothian bathing and fishing warnings at Torness beaches lifted

An oil leak from an electricity substation at the East Lothian nuclear power station site sparked warnings against going into the water or fishing at Thorntonloch and Skateraw beaches and surrounding coastline

Edinburgh Live

End of Libyan oil blockade to be announced shortly, two tribal figures say

Two Libyan tribal figures involved in a blockade of oil exports that has reduced output by 850,000 barrels per day said they expect the government-installed National Oil Corporation chief to announce the blockade's end imminently.

Reuters

Biden to discuss energy security during talks in Saudi, says advisor

U.S. President Joe Biden will discuss energy security with leaders of Gulf Arab oil producers during meetings in Saudi Arabia and he hopes to see more action by OPEC+ to boost crude output, the U.S. national security adviser said on Friday.

Reuters

Tullow (TUWOY) Meets Mid-Year Outlook, Upholds Annual Guidance

U.K.-based, West Africa-focused Tullow Oil Plc (OTCMKTS: TUWOY) kept its annual production guidance untouched after what the company called a robust first-half performance that met its expectations.

Benzinga

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Easiest Ayurvedic hair care regime

Kesha, the Sanskrit word for Hair, is a by-product of the Asthi Dhatu, which is the Calcium and Protein aspect of the body. Whenever our body undergoes any external, internal or environmental stressors, it affects our overall functioning, and this causes an imbalance of Tridoshas. Many factors can trigger hair…

The Times of India

Biden says he brought up Khashoggi killing with Saudi leaders

On visit to the Gulf kingdom, US president says he made clear what he thinks of Saudi journalist’s 2018 murder.

Al Jazeera

Benzinga Before The Bell: Donald Trump's Presidential Bid, Facebook Testing Multiple Profiles, UnitedHealth Q2 Earnings Growth And Other Top Financial Stories Friday, July 15

CNBC Augmented Supply Best Way To Balance Rising Oil Prices, Says OECD Chief

Benzinga

Biden tries to revive Saudi alliance amid Ukraine war – but will MBS reciprocate?

Joe Biden arrived in Saudi Arabia for a two-day visit on Friday, as the war in Ukraine and the Middle East’s vexed geopolitics have prompted the US president to reverse course after having vowed to make the Wahhabist monarchy a “pariah” because of the 2018 killing of exiled journalist Jamal…

France 24

Biden to meet Saudi king, prince MBS after human rights rift

Whether Joe Biden’s first trip to the Middle East as president ends a success or a failure may hinge on what happens when he first locks eyes with Saudi Arabia’s crown prince

The Independent UK

Fuming About Corporate Greed Won't Fix High Gas Prices

Rebutting Democrats' gaseous words on refiners' greed.

Reason

Roosevelt and Ibn Saud built groundwork for current world order, on a boat

On Friday, Joe Biden will pay his first visit to Saudi Arabia as President of the US. The Biden trip is the latest twist in the saga of one of the most unlikely alliances in modern history.

Radio France Internationale

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Benzinga

Why Is Pinterest Higher By 14%? 20 Stocks Moving In Friday's Pre-Market Session

Gainers United Maritime Corporation (NASDAQ: USEA) rose 55% to $3.41 in pre-market trading. United Maritime, on Tuesday, announced acquisition of four oil tankers and filed for stock offering on Wednesday.

Daily Mirror

Motorway speed limit must be reduced and driving on Sundays BANNED to lower petrol price

The International Energy Agency has shared some radical new ideas in its 10-point plan for Britain to cut its reliance on oil as petrol prices have soared in the UK in recent weeks

Salon

Ali Velshi: Biden can't fix the economy

From sky-high food prices to rising interest rates, here's why we're heading into recession — and what happens next

Asharq Al-Awsat

Saudi Arabia, US Set Record Levels of Non-Oil Trade Exchange

Trade relations between the United States and Saudi Arabia recovered from the pandemic's low levels in 2020, recording high exchanges of oil and non-oil goods in 2021. A report issued by the Washington-based Saudi-US Business Council indicated that total trade volume reached $24.7 billion, a 22 percent increase over 2020…

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Al Jazeera

Oil drilling to go ahead in Ugandan park despite threat to nature

Uganda’s President Museveni has endorsed the project, warning he won’t ‘allow anybody to play around’ with ‘my oil’.

Asharq Al-Awsat

Oil Rises on Prospects of Less Aggressive US Rate Hike

Oil prices rose on Friday amid prospects of a less aggressive US rate hike, although worries about a recovery in demand capped gains. Brent crude futures for September delivery rose 94 cents, or 1.0%, to $100.04 a barrel by 0630 GMT, while WTI crude rose 63 cents, or 0.7%, to…

Asharq Al-Awsat

Hezbollah Shifts Strategy from 'Defense' to Threatening Israel with Escalation

The maritime border dispute between Lebanon and Israel shifted Hezbollah's strategy from "commitment to defense" to threatening Tel Aviv with an attack. Hezbollah Sec-Gen Hassan Nasrallah warned of the outbreak of war if Lebanon was banned from extracting oil and gas from its water. The official statements of the party's…

Asharq Al-Awsat

G20 Finance Chiefs Meet as Indonesia Warns of Energy, Food Catastrophe

Group of 20 finance ministers and central bank chiefs from top economies met in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, with the host warning them failure to tackle energy and food crises would be catastrophic. The two-day meeting on the resort island of Bali…

Reuters

Biden confronts Saudi crown prince over Khashoggi murder, expects action on energy

U.S. President Joe Biden said on Friday he told Saudi Arabia's Crown Prince Mohammed bin Salman he held him responsible for the murder of Washington Post journalist Jamal Khashoggi, shortly after exchanging a fist bump with the kingdom's de facto ruler.

The Conversation

Indonesia’s palm oil policy at a crossroads: why government interventions are ineffective

Indonesia has made several policy interventions to stabilise the price of cooking oil and address the causes of a gap in supply and demand of crude palm oil (CPO).

Bangkok Post

Groups back cooking palm oil price cut

Prices of palm oil for cooking are likely to dip further next week after manufacturers, department stores and modern trade outlets on Thursday agreed to cut the price of bottled palm oil by 5-6 baht per litre to 62 baht per bottle, in line with lower production costs and improving…

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