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The Latest Breaking News from Oil

Prax Group enhances liquidity position as refinery welcomes carbon capture scheme success

Significant additional headroom to counter high prices and support future growth

Birmingham Post

US Futures Mixed But Suggest Optimism For Tech Stocks: Key Events To Watch For Today

Trading in the major U.S. index futures points to a lackluster start by Wall Street on Wednesday but tech-heavy Nasdaq 100 futures are clocking significant gains.

Benzinga

US Stock Futures Mostly Lower Ahead Of Fed Speakers; Crude Oil Drops Over 2%

Pre-open movers U.S. stock futures traded mostly lower in early pre-market trade after recording losses for a third straight session on Tuesday. The Dow Jones tumbled more than 300 points, while the Nasdaq Composite dropped over 1.1% in the previous session.

Benzinga

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Syria Energy Sector Incurs $107Bln in Losses Since Beginning of War

Syria’s losses in the oil and gas sectors since the beginning of the war in 2011 until mid-2022 have amounted to about $107 billion dollars, revealed a letter sent by the Foreign Ministry to the UN-Secretary-General and President of the UN Security Council on Monday. The letter said figures from…

Asharq Al-Awsat

Scottish tech firm gets £2.2 million to scale-up oil analysis device

Eight new engineers, scientists and sales professionals will be hired as a result

Insider UK

FTSE 100 Live: Pound under pressure as Brent crude falls below $100 a barrel

US stock markets made a positive start after positive jobs data and as oil prices eased back, while pressure mounts on the European Central Bank to take tough action on interest rates after a record for eurozone’s consumer price index.

Evening Standard

Oil Crawls Back Up on Signs of Firm US Fuel Demand, Weaker Dollar

Oil prices recovered slightly on Wednesday as data pointed to firm fuel demand in the United States, providing respite after a 5% drop a day earlier on fear of demand suffering from increased China COVID-19 curbs and central bank interest rate hikes. A slightly weaker US dollar also shored up…

Asharq Al-Awsat

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Food Bites: Where to spoil your dad on Father's Day

Wil & Sons, Method Brewing, The Cricketers Arms ... there are many venues to choose from this weekend. Plus, apprentice chefs impress judges at cook-off.

Newcastle Herald

US Navy says it foiled Iranian attempt to capture sea drone

The U.S. Navy said it thwarted an attempt by Iran’s Islamic Revolutionary Guard Corps to capture an unmanned American vessel in the oil-rich Persian Gulf, as tensions persist despite efforts by the countries to resolve their deadlock over restoring the 2015 nuclear deal.

Tribune News Service

Is Devon Oil a Better Energy Play Than Marathon Petroleum?

Elevated oil & gas prices have been helping energy companies thrive, with oil producers' free cash from operations increased significantly this year. Therefore, Marathon Petroleum (MPC) and Devon Energy (DVN) beat the market volatility. But which of these stocks is a better choice for investors? Read more to find out….

StockNews.com

Russia Confounds the West by Recapturing Its Oil Riches

Russia pumps almost as much oil into the global market as it did before its invasion of Ukraine. With oil prices up, Moscow is also making more money.

Bangkok Post

Gas giant Santos accused of 'greenwashing' clean energy claims, in Federal Court case

One of Australia's largest oil and gas companies is being taken to court over claims of 'greenwashing' its clean energy credentials.

ABC News

Goldman Sachs, Morgan Stanley Agree — Now Is The Time To Buy Oil

As recession fears continue to circle the broader markets and stocks remain volatile amid Fed uncertainty, analysts from Goldman Sachs and Morgan Stanley have highlighted an opportunity in oil.

Benzinga

Pest expert details four hornet repellents ahead of predicted rise this autumn

Hornets are the largest of the wasp family and are most commonly seen in Britain from May to September

Daily Record

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Ballotpedia

Economy and Society, August 30, 2022: Texas lists 10 funds ineligible for business with state over ESG policies

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

StockNews.com

4 Energy Stocks That Have Continued to Climb in 2022

The ongoing political disruptions in a major oil exporting country, Libya, have created widespread apprehensions regarding the deterioration of the global supply crunch. However, demand is expected to remain robust. Therefore, quality energy stocks Valero (VLO), Suncor (SU), Marathon (MRO), and APA (APA), which have continued to climb in 2022,…

Asharq Al-Awsat

UN Raises Alarm on Red Sea Oil Tanker ‘Time-Bomb’

The UN appealed Tuesday for the last $14 million needed to try and prevent a stricken oil tanker from triggering a disaster off Yemen that could cost $20 billion to clean up. The decaying 45-year-old FSO Safer, long used as a floating storage platform and now abandoned off the port…

Reuters

Restoring Chevron operations in Venezuela depends on U.S. -minister

Progress in relaunching oil major Chevron Corp's operations in Venezuela under U.S. sanctions on the country depends on licenses from Washington, Venezuelan oil minister Tareck El Aissami said on Tuesday.

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Asharq Al-Awsat

Oil Slides More than $7 on Inflation and Iraq Exports

Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent in the OPEC nation's crude exports. Brent crude futures…

The Texas Tribune

Texas gas companies face fines up to $1 million for failing to prepare for extreme weather

Critics are skeptical about whether the new rules by the Railroad Commission will prevent another catastrophe like the power grid disaster in February 2021.

The Guardian - US

Canada invokes treaty with US in push to keep cross-border pipeline open

Canada warns of ‘significant’ economic damage in the event of a shutdown of Line 5, which travels through Michigan

Insider UK

Critics warn new North Sea drilling 'not the answer' to current energy costs

Reports suggest Liz Truss would invite applications for drilling licences to explore new oil and gas fields

StockNews.com

Buffett Bought More of These 4 Stocks... Should You Follow His Lead?

Warren Buffett, the head of Berkshire Hathaway, is undoubtedly the most influential investor in history. Buffett’s portfolio has been an investment guide for several investors for decades because of its extraordinary performance record. Recently, Buffett’s Berkshire increased its position in several of its existing holdings. Let’s take a closer look…

The Hindu

3F to set up ₹250 cr. oil palm factory in Arunachal Pradesh

First phase likely to be commissioned by September 2023

Benzinga

Nextleaf Q3 Revenue Grows 83% YoY, Majority Of Revenue From Glacial Gold

Nextleaf Solutions Ltd. (OTCQB: OILFF) (CSE:OILS) (FSE:L0MA) released its Q3 financial results for the quarter ended June 30, 2022, revealing revenue of $1.2 million, an increase of 83% compared to revenue of $655,861 in Q3 2021.

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