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The Latest Breaking News from Oil

Gas prices are falling nationwide. Will California drivers see some relief?

The average national price of regular gas has slipped under $5, marking the first time the closely watched number has decreased in nine weeks, according to AAA.

Los Angeles Times

Biden, Chevron chief trade sharp words over gas prices

In a pointed back and forth, the head of Chevron has complained that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.”

The Independent UK

Four Texas Democrats in Congress warn Biden against restricting U.S. oil exports

It is the latest example of how Texas Democrats are on edge over the administration’s approach to high gas prices.

The Texas Tribune

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Zhoosh up your ice cream like an expert

You won’t need much more than pantry staples to do it

Salon

4 Top-Rated Energy Stocks With Huge Momentum

Oil prices have been skyrocketing amid the global supply crunch and the heightened demand. With oil prices expected to remain elevated, top-rated energy stocks Western Midstream (WES), Birchcliff Energy (BIREF), PrimeEnergy Resources (PNRG), and TransGlobe (TGA), which have been soaring this year, might be ideal buys now. Read on.

StockNews.com

How Washington can help lower gas prices and save your summer vacation

President Biden and Congress should embrace all the tools at our disposal to lessen the impact of skyrocketing fuel costs on American families. Our refining capacity should be increased by reopening existing plants.

Chicago Sun-Times

Oil palm mission: State that pioneered initiative still has potential to be country’s leader, say experts

Karnataka conceived the idea back in 1986 to cultivate oil palm particularly in irrigated regions

The Hindu

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Oil giant's sponsorship of Edinburgh Pride event sparks furious backlash

ONE of Scotland’s largest Pride events is battling fury from the LGBT community after it was revealed the bash was sponsored by a climate…

The National (Scotland)

Why This Exxon Mobil Analyst Expects Big Oil Stock To Deliver 'Excellent Returns'

While many energy majors have cut back on investments in oil and gas, Exxon Mobil Corp (NYSE: XOM) expects the demand for fossil fuels to grow at least in the medium term and has continued to invest in “some of the most attractive oil & gas projects globally,” according to…

Benzinga

Dan Rinaldi's Rhode Island-Style Fried Calamari

A recipe for Rhode Island-Style Fried Calamari is included in “The Great American Recipe Cookbook.”

The Independent UK

Vladimir Putin's rumoured girlfriend given two new homes in NATO country, source says

The claim has emerged from Russian-born Israeli businessman Leonid Nevzlin, 62, who is a former co-owner of the oil giant Yukos and a leading enemy of Putin

Daily Mirror

5 things you didn't know about Ayurvedic skin illuminator Nalpamaradi Thailam

If you reside in a hot and polluted region, you know how difficult it is to take care of your skin make it look clean, bright glowing. Even after using sunscreen on a daily basis, sometimes our skin tends to get tanned and damaged with time. Furthermore, continuous sun exposure…

The Times of India

Glencore pleads guilty to bribery related to African oil operations

SFO says subsidiary of commodity trading company will be sentenced in November

The Guardian - UK

Which oils are best for cooking?

Extra-virgin olive, sunflower, rapeseed or groundnut? It all depends what you’re making. Here’s how top chefs use them

The Guardian - UK

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The Independent UK

Aubergine parmesan sandwiches are an easy dinner for two people

They’re saucy, cheesy and messy in the best way possible – my kind of comfort, says Becky Krystal

Bangkok Post

Refinery contribution for oil fuel fund approved by cabinet

The cabinet on Tuesday agreed to seek financial sources from oil refineries to support the Oil Fuel Fund and to offer tax rebates to promote domestic tourism.

Asharq Al-Awsat

Saudi Crude Oil Exports Rise to Two-Year Peak in April

Saudi Arabia’s April crude exports rose to a two-year peak of 7.382 million barrels per day (bpd) in April from 7.235 million bpd in March, data from the Joint Organizations Data Initiative (JODI) showed on Monday.

Bangkok Post

PTT’s international trading arm confirms no oil shortage in the Thai market despite the Russia-Ukraine crisis

Thai oil and gas conglomerate PTT Group’s International Trading Business unit confirms no shortage of oil in the Thai market despite the ongoing Russia-Ukraine crisis but urges energy-saving discipline from all sectors. In admitting that volatility in global oil prices is uncontrollable, PTT Group recommends application of tools such as…

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Asharq Al-Awsat

Yellen Says US in Talks with Allies to Cap Russian Oil Price

The United States is in talks with allies to further restrict Russia's oil revenues by capping the price it would get for its crude, US Treasury Secretary Janet Yellen said during a visit to Canada on Monday. "We are continuing to have productive conversations with our partners and allies around…

The Hindu

Telangana continues to witness shortage of fuel supply

Minister Kamalakar to hold emergency meeting with representatives of oil companies and dealers today

The Guardian - UK

Young people go to European court to stop treaty that aids fossil fuel investors

Five claimants aged 17-31 want their governments to exit the energy charter treaty, which compensates oil and gas firms

ABC News

Queensland budget handed down by Treasurer Cameron Dick, health the big winner with coal royalties increasing

Handing down his third budget, Treasurer Cameron Dick reveals Queensland will deliver a net operating surplus at the end of this month, thanks to surging coal and oil prices and a booming housing market.

The Times of India

Doughnut skin is the yummiest skin trend this season

The best foundation you can wear is glowing healthy skin. Since the summer is on its way out and the monsoon keeps moist in the air, one can avoid a few skin sins to keep that glaze on the skin with silky, gleaming tone to your countenance. “Glazed skin” is…

Reuters

Thousands of Ecuador indigenous protesters march on capital

Thousands of indigenous demonstrators marched through Ecuador's capital on Monday urging President Guillermo Lasso to agree to demands for economic and social support, the latest in a series of protests that have injured dozens and disrupted the economy.

Bangkok Post

Refiners deny profit tally

The Petroleum Refining Industry Club, a unit of the Federation of Thai Industries, has insisted the current gross refinery margin (GRM) is reasonable, rebutting an accusation that oil companies are overcharging customers for refined oil.

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