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The Latest Breaking News from Oil

As gas prices soar, Gov. Newsom demands tax on 'rip off' oil companies and urges switch to winter-blend fuel

As gas prices in California soar, Gov. Gavin Newsom on Friday called on lawmakers to introduce a windfall tax on "rip off" oil companies and urged state air regulators to allow refineries to produce cheaper winter-blend gasoline to help boost supplies and cut prices.

Los Angeles Times

Newsom relaxes refinery rules as California gas prices soar

California Gov. Gavin Newsom has called on state regulators to relax rules on oil refineries in an effort to lower soaring fuel prices

The Independent UK

The Government’s energy price cap comes into force on Saturday

The Government’s energy price cap to shield households and businesses from the worst of the soaring oil and gas prices comes into effect on Saturday.

Evening Standard

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Asmir Begovic shares X-rated reaction to Just Stop Oil protestor at Everton game

Asmir Begovic was in goal for Everton against Newcastle United when Louis McKechnie entered the field of play

Liverpool Echo

Dow Tumbles Over 300 Points; Crude Oil Down 2%

U.S. stocks traded lower toward the end of trading, with the Dow Jones dipping more than 300 points on Friday.

Benzinga

Protester who tied himself to goalpost at Everton v Newcastle match given six-week prison sentence

Louis McKechnie was found guilty of aggravated trespass after going onto the pitch

Chronicle Live

GOP Lawmaker Questions MMJ Legalization, Calls It 'Stepping Stone' To Recreational Use

Tennessee, one of several states where only CBD oil is legal, has seen its fair share of legislative action on cannabis by GOP legislators yet medical and recreational marijuana has not come close to legalization or decriminalization. Still, cannabis continues to be a hot topic among politicians in this southern state.

Benzinga

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Just Stop Oil protester sentenced for tying himself to goalpost during Premier League game

Louis McKechnie tied himself to a post at Goodison Park

Wales Online

Everton FC pitch invader who tied his neck to goal handed fine

The judge said he's "not very passionate about football, apparently"

Liverpool Echo

Climate change protester given six-week prison sentence for tying himself to goalpost

Louis McKechnie, 21, denied aggravated trespass and going onto the playing area at the game at Everton’s Goodison Park stadium but was found guilty.

Evening Standard

Nasdaq Jumps Over 100 Points; Crude Oil Down 1.5%

U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 100 points on Friday.

Benzinga

Protester given six-week prison sentence for tying himself to goalpost

Louis McKechnie, 21, denied aggravated trespass and going onto the playing area at the game at Everton’s Goodison Park stadium but was found guilty.

The Independent UK

Nigeria at 62: five essential reads on why there isn't an inspiring story to tell

As Nigeria marks its 62nd independence anniversary, many will be checking to see if there is indeed any reason for celebrations.

The Conversation

Oil rig 'escape capsule' and sunken sea trawler transformed into luxe glamping pods

Four Seasons Glamping Pods offer adventurous visitors to Lancashire a place to stay, with several pieces of reclaimed industrial equipment serving as accommodation on an island lake

Daily Mirror

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The Hindu

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases

Move by U.S. is first such action against Indian company, comes day after EAM Jaishankar U.S. visit

The Independent UK

Swedes don't know if pipeline ruptures damaged power cable

Swedish officials don't yet know if an undersea power cable that runs between Sweden and Poland was damaged when the Nord Stream gas pipelines ruptured in what Western officials suspect was an act of sabotage

Asharq Al-Awsat

Methane Blast in Baltic Sea Highlights Global Problem

As serious as the methane escaping from ruptured pipelines on the floor of the Baltic Sea may be, there are alarming incidents of massive methane releases around the world frequently. Climate scientists have found that methane emissions from the oil and gas industry are far worse than what companies are…

Insider UK

New oil and gas licence plans 'will withstand legal challenge'

Environmental activists are thought to be preparing action against the next round of extraction

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The Independent UK

Methane blast in Baltic Sea highlights global problem

As serious as the methane escaping from ruptured pipelines on the floor of the Baltic Sea may be, there are alarming incidents of massive methane releases happening around the world constantly

Irish Mirror

Boiler expert in warning over home heating hack that could actually cost you more money

“Individually speaking, they are cheaper to run than central heating"

Asharq Al-Awsat

SDRPY Signs Grant Agreement of Oil Derivatives Worth $200 Mln for Yemen

The Saudi Development and Reconstruction Program for Yemen (SDRPY) signed on Thursday a grant agreement with an estimated total value of $200 million to provide 250,000 metric tons of oil derivatives to Yemen. The Saudi side was represented by SDRPY Supervisor General Ambassador Mohammad Al Jaber and Yemen’s government was…

The Guardian - US

Ukraine, Brexit, Arab spring have one source – prices, says sociologist

Following his 2022 book Price Wars, the sociologist and documentarian Rupert Russell speaks about how financial speculators have sown a new era of chaos

Reuters

Energy crisis sires new European order: a strong Italy and ailing Germany

In the weeks after Russia's invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni, embarked on a whirlwind of trips to gas suppliers in Africa.

Asharq Al-Awsat

OPEC+ Has Begun Talks on Output Cut - Source

Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct.

The Guardian - UK

Watch for a political earthquake in middle England, as Liz Truss breaks up the Tory bedrock

In Surrey, the cost of living crisis could push voters away from the Conservatives, says Guardian columnist Gaby Hinsliff

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