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The Latest Breaking News from Oil

India objects to recent visit of U.S. envoy to Pakistan-occupied Kashmir

PoK visit among irritants including F-16 support deal, sanctions on Indian company for Iran oil

The Hindu

Putin orders seizure of Exxon-led Sakhalin 1 oil and gas project

Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.

Reuters

Nasdaq Dips Over 300 Points; Crude Oil Rises Sharply

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 300 points on Friday.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Whipped, hip and drizzled in honey: why Britain is back in love with butter

Chefs and fashionable restaurants are ditching the olive oil and embracing the nostalgic charm of dairy

The Guardian - UK

Just Stop Oil protesters block roads around Westminster for seventh day

Around 25 supporters of Just Stop Oil took part in the action on Friday morning

Evening Standard

Environmental protesters block central London for seventh day

Supporters of Just Stop Oil displayed banners and glued themselves to roads leading to Vauxhall Bridge

The Guardian - UK

Drivers issued advice to help save £1,167 as fuel prices set to rise again

Drivers are being urged to do one thing to save money on fuel as petrol prices are set to rise after it was announced that oil supplies were being cut by two million barrels.

Glasgow Live

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Is OPEC ‘aligning with Russia’ after production cuts?

The United States has accused OPEC oil-producing nations of siding with Russia after a decision to cut oil output.

Al Jazeera

Just Stop Oil block roads around Westminster for seventh day

Around 25 supporters of Just Stop Oil took part in the action on Friday morning.

The Independent UK

1 Popular Energy Stock Hedge Funds Keep Buying

Leading oil & gas company Marathon Petroleum (MPC) reported solid second-quarter financials. Moreover, analysts seem bullish about the company’s growth prospects, considering its strategic business advancements and sustained energy demand. And given MPC’s high profitability and high-yield dividend, this energy stock that hedge funds keep buying could be worth your…

StockNews.com

All pumped out: France hit by petrol shortage

We take a closer look at the petrol shortage hitting certain French service stations. We also hear about the options that US President Joe Biden is mulling in regard to OPEC+'s decision to cut oil supply. Plus, a small French town grapples with rising energy bills. Finally, the hamburger chain…

France 24

UK 'sticking two fingers up to scientists' with new North Sea licensing round, say climate activists

Meanwhile, UK Tory climate minister Graham Stuart claimed that the licensing round will be “good for the environment”.

The National (Scotland)

New premier in Canada's oil-rich Alberta set to defy Trudeau

Alberta's incoming premier has set the stage for a showdown with Canada's federal government and push back against federal laws which is likely to set the oil-rich province on a collision course with Prime Minister Justin Trudeau.

Reuters

UK offers new North Sea oil and gas licences despite climate concerns

Greenpeace calls process, which will run until end of June, ‘possibly unlawful’

The Guardian - UK

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The Independent UK

UK offers new North Sea oil, gas licenses despite opposition

The British government has opened a new licensing round for North Sea oil and gas exploration, despite criticism from environmentalists and scientists who say the move undermines the fight against climate change

Birmingham Post

The story of Wales’ own oil company and plans to go green

Oil 4 Wales is trying to leave behind its fossil fuel business model

Evening Standard

CBD oils for stress: What are the benefits and the top products to buy

Try these next time you’re feeling a little overwhelmed

Evening Standard

Best follow on baby formulas for babies more than 6 months old

Complement your six month old baby’s weaning diet with these follow-on baby formulas

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Asharq Al-Awsat

Oil Prices Reach Highest Level in Three Months after ‘OPEC+’ Deal

Oil prices have stabilized near the highest level in three months, after OPEC+ key ministers agreed oil production cuts of 2 million barrels per day. This is the highest oil cut since 2020. Saudi Energy Minister Abdulaziz bin Salman said OPEC+ had needed to be pro-active as central banks around…

Los Angeles Times

George Skelton: Newsom wants to tax oil companies for soaring gas prices. It'll be a bumpy road for motorists no matter what

SACRAMENTO, Calif. — When gas prices rise, it instantly fuels political rhetoric about price gouging and the need to help motorists pay at the pump. It's as automatic as pushing the starter button and hearing the engine crank up.

The Independent UK

AP News Digest 3:15 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

Benzinga

Larry Summers Says Sense Of Saudi-Russian Collaboration 'Can't Be Happy One For Americans'

Former Treasury Secretary Lawrence H.

The Guardian - UK

Energy crisis? It isn’t that we have too little oil and gas. It’s that we have too much

We have green, cheap alternatives ready and waiting – but first we have to commit to keeping fossil fuels in the ground, says the Green MP Caroline Lucas

Insider UK

Rees-Mogg: New oil and gas licensing will boost economy and energy security

A total of 898 blocks are being made available across huge expanses of the North Sea

The National (Scotland)

Report: Independence can unleash Scotland’s renewable energy potential

A NEW report has revealed how independence could unleash Scotland’s energy potential and be the “equivalent of a new oil boom for…

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