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The Latest Breaking News from Oil

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.

Reuters

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.

Bangkok Post

California lawmakers to investigate steep gas prices, accuse oil companies of 'ripping off' motorists

SACRAMENTO, Calif. — With steep gasoline prices still stinging Californians at the pump, Democratic Assembly Speaker Anthony Rendon on Monday announced a legislative inquiry to determine if oil companies are "ripping off" drivers.

Los Angeles Times

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California Democrats to investigate cause of high gas prices

California lawmakers say they'll investigate why the state's gas prices are the highest in the U.S. Assembly Speaker Anthony Rendon announced a bipartisan committee on Monday to investigate gas price gouging

The Independent UK

Moscow fumes over Lithuania rail ban to Russian region

(This June 21 story corrects in paragraph 4 to show gas flows via Ukraine and Nord Stream 1 pipeline have fallen, removes reference to Russia cutting flows via Ukraine as act of retaliation)

Reuters

Private petrol pumps across Bhopal stay shut despite orders, cite a shortage

BHOPAL: Petrol pumps of private companies continued to remain closed in Bhopal on Monday as well despite directives of the district collector to keep the fuel pumps open even if they have to sell petrol and diesel at a higher price than the petrol pumps of public sector oil companies.

The Times of India

Puffco's new modular dab vape, Proxy, is a beautiful, beastly e-pipe

The Proxy brings ultra-portability to the cannabis concentrate experience, with a sleek build and 3D heating technology.

Input

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PTT app to cut food queues

PTT Oil and Retail Business Plc (OR) has teamed up with a startup to launch a QueQ mobile application to help motorists manage their queues and reduce the time it takes to buy food and beverages at PTT petrol stations.

Bangkok Post

New barge from KSINC

‘Amrita’ oil barge from the Kerala Shipping and Inland Navigation Corporation (KSINC) is ready for service. The barge has a capacity to carry 300 tonnes of materials. The barge has been built for transporting furnace oil from Kochi to the Kerala Minerals and Metals Limited. The barge will also help…

The Hindu

US President Biden considering gas tax holiday amidst high prices

As consumers feel the pinch of rising energy prices, the Biden administration struggles to find solutions.

Al Jazeera

Top Oil Analyst Likes These 2 Picks, Which Should You Buy?

The oil stocks have outperformed the broader market in 2022, driven by surging oil prices amid substantial fuel demand and supply chain disruptions exacerbated by geopolitical instability. As the crude oil prices are expected to soar further, Raymond James oil and energy analyst John Freeman recommends investing in Marathon Oil…

StockNews.com

Brazil's Petrobras CEO resigns amid pressure over gas prices

The chief executive of Brazil’s state-run oil giant Petrobras resigned amid political pressure from top lawmakers and President Jair Bolsonaro

The Independent UK

Gas prices fall below $5 per gallon in the first weekly drop since April

The drop doesn't signal a rapid descent to the low prices of 2021, but drivers could see modest decreases continue in the coming weeks, analysts say.

WEKU

Best hair styling products for men, from wax to clay

Wave goodbye to bad hair days with these products that will help you style and shape

Evening Standard

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The Conversation

How the Ukraine war is benefiting Russian insurers – and pushing up insurance premiums everywhere

An EU/UK plan to ban their insurers from providing cover to ships transporting Russian oil is causing tensions with Washington. America contends that Europe’s dominance of global insurance will make it very difficult for Russia to export oil if this goes ahead, potentially pushing oil prices far higher than they…

Reuters

Ukraine says food warehouse in Odesa destroyed in Russian missile attack

A food warehouse in the Black Sea port of Odesa was destroyed in a Russian missile attack on Monday but no civilians were killed, the Ukrainian military said.

Reuters

Ukraine hits oil Crimean drilling platforms, pro-Russian regional head says

Ukrainian forces attacked drilling platforms in the Black Sea owned by a Crimean oil and gas company, the pro-Russian head of the annexed peninsula said on Monday, giving no details of what weapons were used.

The New Daily

Central bank decisions and global oil price falls top markets’ weekly agenda

Central bank decisions and global oil price falls top the weekly agenda for financial markets this week. Here are five things to watch.

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The Guardian - UK

Strawberries without cream! 10 delicious savoury recipes for the fruit, featuring duck, burrata, turbot …

Nothing says summer like ripe red strawberries – but they have so much more to offer than a brief hit of sweetness. Make the most of the crop with these ideas from leading chefs

The Independent UK

Five weeknight dinners that are cool as a cucumber

Emily Weinstein shares the first of many cucumbery recipes, plus other recipes for the rest of the week

WEKU

Pain at the gas pump is being felt around the world

Across the globe drivers are rethinking their habits and personal finances amid skyrocketing prices for gasoline and diesel.

Evening Standard

Best stretch mark products: Creams, oils and lotions to treat your skin

The balms, oils and serums to soothe growing bellies

Bangkok Post

Oil refiners deny Korn's claim of profiteering during hardship

Oil refinery bosses on Monday broke a long silence to deny Kla Party leader Korn Chatikavajin's accusation they are reaping fat benefits though the gross refinery margin while consumers suffer from high pump prices.

The Independent UK

How much for gas? Around the world, pain is felt at the pump

Around the world, drivers are looking at the numbers on the gas pump and rethinking their habits and finances

Asharq Al-Awsat

Oil Wobbles as Global Economic Worries Offset Tightening Supply

Oil prices edged down on Monday, reversing earlier gains, as concerns about slowing global economic growth and fuel demand offset worries about tightening supplies. Brent crude futures slipped 8 cents, or 0.1%, to $113.04 a barrel by 0242 GMT, after rising as much as 1% earlier. Front-month prices tumbled 7.3%…

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