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The Latest Breaking News from Oil

Analysis-India sharpens stand on Ukraine war but business as usual with Russia

India is articulating its position against the Ukraine war more robustly to counter criticism that it is soft on Russia, but it still has not held Moscow responsible for the invasion and will not alter its policy on importing cheap Russian oil and coal.

Reuters

Spike in oil price breaking India's back: Jaishankar

India is deeply concerned over the spike in the price of oil due to the Russia-Ukraine conflict and it is "breaking our back," External Affairs Minister S Jaishankar has said. Read more on Dynamite News:

Dynamite News

Norway to deploy military to protect its oil and gas installations

Norway will deploy its military to protect its oil and gas installations against possible sabotage after several countries said two Russian pipelines to Europe spewing gas into the Baltic had been attacked, the prime minister said on Wednesday.

Reuters

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Plummeting pound will see cost of a tank of petrol or diesel rise by up to £3

The grim prediction comes despite fuel prices at UK forecourts falling to their lowest level since mid-May, according to figures by the Department for Business, Energy and Industrial Strategy

Daily Mirror

University bans fossil fuel companies from recruiting students with careers service

It is believed to be first university to cut ties with oil and gas recruiters

The Independent UK

Saudi Economic Resilience to Increase 60% by 2030

A recent study by the King Abdullah Petroleum Studies and Research Center (KAPSARC) concluded that Saudi Arabia’s gross domestic product will become 60 percent more resilient to shocks, including fluctuations in oil prices, by 2030. According to the study, which used standard models, the economic reforms of Vision 2030 will…

Asharq Al-Awsat

Tom Kerridge’s ‘real life’ recipes to make every day taste special

The Michelin starred chef’s new cookbook is written with modern family life in mind. Lauren Taylor puts it to the test

The Independent UK

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How to fill your fridge to make your food last longer and cut back on energy bills

The higher shelves in the fridge should be used to house foods that spoil easily with moisture because this is the safest place to avoid it.

Irish Mirror

'Petrified' nurse with rare conditions says she's terrified of 'dying cold and alone'

Susan Mathews, from Armagh, Northern Ireland, has a disorder which affects her body's ability to control her temperature, leaving her feeling extremely cold all year round and is forced to wear winter clothing to keep her body warm.

Daily Mirror

First Thing: Cuba left without power as Hurricane Ian heads to Florida

Island’s electricity grid collapses after hurricane hits, as people in Florida told to evacuate. Plus, Bowie’s Starman lyrics fly at auction

The Guardian - UK

Why tackling climate change means a stronger economy — according to Janet Yellen

Yellen says the Biden administration is emphasizing action on climate change to make a more resilient American economy. What does that look like for the future of infrastructure and spending?

WEKU

Treating PCOS: How fixing your body weight and lifestyle can help

“PCOS” is a health-condition related to female reproductive health, a topic which is still a taboo in several parts of the country, and perhaps only paid attention to, for most women, during their pregnancy and childbirth.

The Times of India

What now for petrol prices? Global doom and gloom makes the outlook surprisingly positive

In early March Russia’s invasion of Ukraine pushed global oil prices up by about 30% and Australians faced paying more than $2.15 a litre for petrol. Contrary to economists’ advice, the Morrison government decided to halve of the fuel excise for six months, reducing the cost of petrol by 22.1…

The Conversation

Benefits of using sunflower oil for your skin

Natural products have a different impact on the skin. These organic products are not processed with harmful chemicals and take extra care of our skin. Formulating the perfect skin care regime has to include something relaxing and refreshing. One such ingredient or product you should add in your skincare routine…

The Times of India

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Bangkok Post

The looming ban on Russian crude

Crude oil prices are engaged in a tussle between fears of a recession-led demand decline and ongoing supply tightness, with risks to demand currently edging ahead.

Bangkok Post

PSTC set to return to profit as new pipeline goes online

SET-listed Power Solution Technologies (PSTC), a provider of construction services and clean energy solutions, expects higher revenue to help it return to profit next year, following almost three consecutive years of losses.

Reuters

IMF urges caution as oil-rich Guyana's economic growth nears 60%

Guyana's economic growth could reach close to 60% this year, the International Monetary Fund said in a statement on Tuesday, urging cautious policies even as the tiny South American nation benefits from surging oil production.

Reuters

Revised Colombia tax bill still puts mining investment at risk -industry group

A tax reform proposed by Colombia's leftist government will put mining investment and production at risk, despite modifications to the bill announced this week, the head of the country's mining association said on Tuesday.

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news in one place.

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Benzinga

Nasdaq Turns Higher; Crude Oil Rises Over 2%

U.S. stocks pared some losses toward the end of trading, with the Nasdaq Composite turning higher on Tuesday.

ABC News

Oil and gas industry chases option to buy international offsets instead of reducing emissions under safeguard mechanism

The oil and gas industry pushes to be allowed to buy international offsets to meet emissions reduction requirements under the federal government's new climate change policy.

Reuters

Exclusive-Afghan Taliban sign deal for Russian oil products, gas and wheat

The Taliban have signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters.

Benzinga

Insiders Selling General Mills, Designer Brands And This Energy Stock

US crude oil futures traded higher by 2% on Tuesday. Investors, meanwhile, focused on some notable insider trades.

AAP

Oil, gas firms want own terms on emissions

Battlelines are being drawn as the Albanese government considers how to limit greenhouse gas emissions in Australia's gas and oil sectors.

The Independent UK

Cost of living protests to hit start of Tory conference as bill rise kicks in

Cost of living and climate protesters to unite for national day of action

Reuters

Russia could make asset purchases under budget rule in 2023 -Ifax cites Finance Minister

Russia could make asset purchases under its budget rule next year, when oil prices are above the base level, the Interfax news agency cited Finance Minister Anton Siluanov as saying on Tuesday.

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