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The Latest Breaking News from Oil

VIENNA: Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to 2 million barrels per day in a bid to prop up slumping prices.

Bangkok Post

Amazing benefits of henna for hair growth and hair health

Henna has been traditionally used during weddings and auspicious occasions to create beautiful patterns on hand. It is symbolic of a married woman’s wedded bliss, a girl’s happiness and festivity in Indian traditions. Traditionally, people with grey hair have used henna to colour their hair. But henna has also been…

The Times of India

Leaders urged to protect Lake Eyre rivers

Environmental groups and farmers are worried about major environmental concerns about the impact of gas developments on the Lake Eyre basin.

AAP

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Diversification drive persists

National oil and gas conglomerate PTT Plc is pushing ahead with non-oil businesses, which are set to become a new source of revenue and keep the company in line with the global trend towards clean energy.

Bangkok Post

Two oil wells operated by Nigeria's Eroton on fire -oil spills agency

Two oil wells operated by Nigerian firm Eroton Exploration and Production Limited caught fire on Monday and were still burning on Tuesday after the company hired a contractor to try extinguish the fire, the agency responsible for detecting oil spills said.

Reuters

A provincial sales tax is the solution to Alberta's fiscal roller-coaster

With a new Alberta premier taking office in October and a general election required by the end of May 2023, fiscal policy may become a wedge issue between Alberta’s United Conservative Party and the NDP.

The Conversation

Just Stop Oil protestors block roads outside Parliament

Police have arrested 54 people after environmental protesters blocked roads in central London. The Metropolitan Police said 54 protesters were arrested on suspicion of wilful obstruction of the highway on Tuesday during a fourth day of demonstrations in Westminster. They remain in custody at various police stations in the capital.Just…

Evening Standard

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Argentina's Energy Company Mines Bitcoin Using Residual Gas

YPF Luz, a division of the state-owned Argentine energy company YPF has begun an initiative to use residual gas to power Bitcoin (CRYPTO: BTC) mining.

Benzinga

Just Stop Oil: More than 50 arrested after eco-protesters block central London roads

The eco group has vowed protest action in Westminster for the entire month

Evening Standard

Uganda police detain nine people for oil pipeline protest

Uganda police detained nine people protesting against a planned crude oil pipeline on Tuesday, in an escalating crackdown on critics of the project opposed by environmentalists, activists and European Union lawmakers.

Reuters

Nasdaq Surges 250 Points; Crude Oil Rises Sharply

U.S. stocks traded higher midway through trading, with the Nasdaq Composite climbing more than 250 points on Tuesday.

Benzinga

54 arrests after Just Stop Oil protest in London

Demonstrations have been going on since the weekend.

The Independent UK

Record-setting gas prices show California's worsening energy vulnerabilities

LOS ANGELES — California is getting another reminder of the volatility of its energy supply as shutdowns at several oil refineries have sent gas prices soaring, including to all-time highs Monday in Los Angeles.

Los Angeles Times

$Rees-Mogg seeking to evade scrutiny of new fracking projects, email shows$

Rees-Mogg seeking to evade scrutiny of new fracking projects, email shows

Exclusive: Note setting out business secretary’s views looks for ways to accelerate schemes, including streamlining HSE requirements

The Guardian - UK

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Reuters

U.S. asks Congo to pull some oil blocks from auction to protect forests

U.S. climate envoy John Kerry has asked Democratic Republic of Congo to withdraw some of the oil blocks it has put up for auction in order to protect forests, he said on Tuesday on the sidelines of a climate conference in Kinshasa.

Evening Standard

Best anti-cellulite formulas for a sleeker silhouette: Creams, serums and oils

Help tackle dimpled skin and bumpy bits with these toning body treatments

The Independent UK

Ugandan opposition figure Bobi Wine objects to oil pipeline

Ugandan opposition figure Bobi Wine says that a planned pipeline to export oil is likely to entrench the long rule of President Yoweri Museveni

The Conversation

Capping Russia's oil profits could keep oil flowing to global markets at a reasonable cost while slashing Putin's war funding

The world as we know it cannot function without oil, giving oil-producing countries an advantage economists call market power. Nations that produce oil are able to set the price, while countries that rely on oil have little choice but to buy it at prices determined by the seller.

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Asharq Al-Awsat

Aramco CEO: Securing Buffer Spare Capacity Not Saudi Arabia's Responsibility Alone

Saudi Aramco Chief Executive Amin Nasser on Tuesday said that spare capacity in the oil market stands at 1.5% of global demand, adding that providing a buffer of spare capacity was not the responsibility of Saudi Arabia alone. "(The market is) focusing on what will happen to demand if a…

Tribune News Service

Geologist whose 2013 discovery 'revolutionized' North Slope oil exploration lays plans to drill again this winter

The risk-taking geologist who discovered a giant Alaska oil field in 2013 that companies had long overlooked is taking another stab at exploration drilling on the North Slope, this time on federal land west of existing development.

The Independent UK

Easy everyday dinners from the Middle East

If the flavours of the Middle East are your jam but you are short on time and cash, give these recipes a whirl, says Hannah Twiggs. Three yummy dishes, two new cooking methods, one region, zero stress

WEKU

The Nord Stream pipelines have stopped leaking. But the methane emitted broke records

The Nord Stream pipeline leak might be the single largest release of methane, a powerful greenhouse gas. Experts say it pales in comparison to ongoing methane emissions from the oil and gas industry.

Reuters

U.S. Treasury seeks phased G7 oil sanctions as EU ban looms

G7 sanctions on Russia will target its oil and products in three phases, senior U.S. treasury official Ben Harris said on Tuesday, as the bloc seeks to limit unintended economic damage while curbing Moscow's funds to wage war in Ukraine.

Reuters

French refinery strike continues at four sites for eighth day

Strikes have disrupted TotalEnergies' oil products refining and delivery for an eighth day, with four of its French plants hit by continuing industrial action by workers, a CGT trade union representative told Reuters.

Benzinga

Gainers LogicBio Therapeutics, Inc. (NASDAQ: LOGC) shares surged 637.6% to close at $2.01 on Monday after the company announced it will be acquired by AstraZeneca's subsidiary, Alexion, for $2.07 per share.

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