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The Latest Breaking News from Oil

Pallone presses White House to reinstate crude oil export ban - Roll Call

House Energy and Commerce Chairman Frank Pallone Jr. called on President Joe Biden to limit oil exports in response to high gasoline prices.

Roll Call

Data | India’s imports from Russia soar amid sanctions

India’s crude oil imports from Russia surged by 286% while coal imports surged by over 345% in the January-April 2022 period

The Hindu

Good blend of flavour and ingredients at Turkish chef Eyüp Kemal’s culinary workshop in Hyderabad

In Hyderabad for a food fest, Turkish chef Eyüp Kemal conducted a culinary workshop

The Hindu

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Biden sued for oil leasing

"Burning fossil fuels from existing leases on federal lands is incompatible with a livable climate"

Salon

OPEC+ may not be much help with high oil, gasoline prices

Oil prices are high, and drivers are paying more at the pump

The Independent UK

Why are we feeding crops to our cars when people are starving?

Modern biofuels are touted as a boon for the climate. But, used on a large scale, they are no more sustainable than whale oil, says Guardian columnist George Monbiot

The Guardian - UK

Oil Rises as Supply Concerns Outweigh US Fuel Stocks Build

Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in US gasoline and distillate inventories. Brent crude futures for September, the more actively traded contract, rose 63 cents, or 0.6%, to $113.08 a barrel at 0250 GMT. The…

Asharq Al-Awsat

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Country diary: Hermit crab is a rare find on West Country rockpool safari

Wembury, Devon: These crustaceans disappeared after the Torrey Canyon oil spill, only to be rediscovered six years ago

The Guardian - UK

Climate concerns grow as US helps Europe replace Russian gas

President Joe Biden’s point man for global energy problems knows, he says, that transitioning away from the climate-wrecking pollution of fossil fuels is the only way to go

The Independent UK

Five arrested after protesters glue themselves to painting in art gallery

The Just Stop Oil members allegedly targeted a landscape called My Heart’s In The Highlands hanging in the Kelvingrove Gallery.

The Independent UK

Ecuador's Oriente crude exports suspended, Napo flowing amid force majeure

Exports of Ecuador's flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output, state-run Petroecuador said on Wednesday.

Reuters

UK maritime insurers to play key role in slowing Putin’s oil money

Lack of shipping insurance would hamper Russian oil deliveries to non-Western countries

The Independent UK

Biden administration holding its first onshore oil sales

The U.S. government this week is holding its first onshore oil and gas sales from public lands since President Joe Biden took office

The Independent UK

Fears price of lager could rise due to war in Ukraine

Ukraine is struggling to export vital ingredients used in the process of making beer

Manchester Evening News

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Benzinga

$1000 Invested In Imperial Oil 20 Years Ago Would Be Worth This Much Today

Imperial Oil (AMEX:IMO) has outperformed the market over the past 20 years by 1.08% on an annualized basis producing an average annual return of 8.08%. Currently, Imperial Oil has a market capitalization of $30.73 billion.

The Independent UK

Climate protesters glue themselves to frame of artwork at Kelvingrove museum

The demonstrators also sprayed the Just Stop Oil logo on to the walls and floor of the Glasgow museum.

Daily Record

Oil protestors glue themselves to painting at Scots art gallery

Protestors say they have taken action because art institutions are failing to challenge the government's plans on new oil and gas.

Glasgow Live

Glasgow Kelvingrove Museum protest sees climate activists glue themselves to painting

Three young protestors from Just Stop Oil have sprayed paint around the Glasgow museum, while two have also glued themselves to the frame of a 19th century landscape painting.

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Daily Mirror

Price of lager set to rocket due to Russia's grain blockade, Ukrainian MP warns

Odessa MP Alex Goncharenko - a key ally of President Volodymyr Zelensky - called for the Royal Navy to police a deal allowing grain exports from Black Sea ports

Evening Standard

Time to cut the green rubbish...and deliver a proper energy policy

City Voices: Why we still need fossil fuels

Liverpool Echo

I tried a £6 dupe of the Dior £28 lip oil and 'I'm obsessed'

It made my lips feel amazing

Al Jazeera

NATO summit: Zelenskyy pushes for modern artillery, funds

Ukrainian president says Russian invasion was ‘a war for the right to dictate conditions in Europe’.

Benzinga

Oil Is Near $111, But Mike Khouw Says This Energy Stock Has Downside

WTI (West Texas Intermediate) crude oil traded above $111 per barrel on Tuesday, adding around 7% over the past three sessions.

Benzinga

Quotient And 3 Penny Stocks Insiders Are Buying

U.S. crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

Al Jazeera

Nigeria sells marginal oilfield licenses for $482m, ignores court

The licensing comes despite a court ruling in May, restraining Abuja from issuing licences pending a suit determination.

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