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The Latest Breaking News from Oil

$2.4M Bet On This Consumer Cyclical Stock? Check Out These 4 Penny Stocks Insiders Are Buying

US crude oil futures traded lower this morning on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

Benzinga

US Stocks Mostly Flat; Crude Oil Falls Sharply

U.S. stocks traded mostly flat this morning, after closing lower in the previous session

Benzinga

Deadly turmoil erupts in Iraq after top cleric’s resignation

Iran closed its border crossings with Iraq after deadly clashes erupted in Baghdad over a prominent cleric’s decision to resign from politics, deepening a government crisis in the OPEC-member state.

Tribune News Service

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Which foods can I cook now and store for winter?

Make hay while the sun shines and start thinking about freezing (or jarring) fruit, veg and herbs for autumn and winter

The Guardian - US

Video on Sabari coconut oil fake, says Supplyco

Agency seeks help of Kerala Police cyber wing to trace its source

The Hindu

Churches, mosques house stolen Nigerian fuel in pervasive oil theft, says NNPC head

Every section of Nigerian society is complicit in the theft of millions of barrels, the head of state oil company NNPC Ltd said on Tuesday, adding that make-shift pipelines and stolen fuel had even been found in churches and mosques.

Reuters

Liz Truss warned North Sea 'drilling frenzy' plot won't solve energy bill crisis

The Tory frontrunner is said to be planning to unleash a fresh wave of fossil fuel extraction off the UK coast to combat record gas and electricity bills

Daily Mirror

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Just Stop Oil protesters ‘wreaking havoc’ and costing millions, says No 10

Downing Street said Boris Johnson backed Home Secretary Priti Patel in condemning the protest group.

The Independent UK

Mocean Energy bolsters board with two key appointments

Former oil and gas executive and climate change specialist join to help company gear up for growth

Insider UK

‘Double whammy’: Petrol prices to surge as global oil rebounds before tax relief ends

Australians are being warned to brace for higher fuel costs in September as rising global oil prices flow through to local petrol bowsers.

The New Daily

Pest control expert on how to deal with hornets as frenzy predicted

It's thought that warm and dry weather will bring more out this year

Wales Online

Tories warned against ‘North Sea drilling frenzy’ to solve energy crisis

TORY plans for a “North Sea drilling frenzy” to solve the energy crisis will have no impact on bills and hand billions of pounds…

The National (Scotland)

Just Stop Oil: Eco-activists charged with criminal damage over Hay Wain National Gallery protest

Hannah Hunt and Eden Lazarus staged the protest at the National Gallery in central London on July 4

Evening Standard

Liz Truss set to ramp up North Sea drilling as plan slammed by opponents

The Tory frontrunner is planning to issue over 130 new drilling licences for the North Sea in a move that will outrage climate change campaigners.

Daily Record

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The Independent UK

New North Sea drilling not the answer to current energy costs, critics warn

Greenpeace said ‘unleashing a North Sea drilling frenzy isn’t a plan to help bill payers, but a gift to the fossil fuel giants’.

Asharq Al-Awsat

Iraq Oil Exports Unaffected by Political Turmoil

Iraq's oil exports are unaffected by the current political turmoil in the country, three sources told Reuters on Tuesday. Baghdad is seeing its worst fighting for years as clashes between Shiite groups spill into a second day. Supporters of Shiite cleric Moqtada al-Sadr have surrounded the Majnoon oil field in…

The Hindu

Thiruvananthapuram-based dentist Shalet MS’ solo exhibition focussed on abstracts in oil and acrylic

Shalet’s collection of paintings, ‘Intrinsic Escape’, showcases her experiments with various techniques

The Guardian - UK

Liz Truss ‘will approve more oil drilling if she becomes PM’

Tory leadership candidate criticised by campaigners after reports her team have met energy firms

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ABC News

South Australian mother unable to continue CBD oil epilepsy treatment for child due to prohibitive cost

Kat Cooper says her daughter is deteriorating since she stopped her medicinal cannabis, which costs $196 per 1 millilitre every 12 days.

Asharq Al-Awsat

KAPSARC Warns of Challenges Hindering Investments in Oil, Gas

Industry investment should increase during the next two years, otherwise, the world risks a significant deficit of oil and gas supply by 2025 and beyond, found a report by the King Abdullah Petroleum Studies and Research Center (KAPSARC). It also warned of a high probability of the price of oil…

Bangkok Post

Local fuel consumption up 13.5% y/y

Domestic fuel consumption for the first seven months grew by 13.5% year-on-year for all kinds of fuel except kerosene, according to the Department of Energy Business.

The Guardian - AU

Huge profits for fossil-fuel giants Woodside and Santos stoke calls for windfall tax

Senator David Pocock and Bob Carr among those urging Albanese government to claw back massive mining profits

Birmingham Post

Rockhopper awarded millions by Italian government over cancelled oil rig project

The AIM-listed company, which is based in Wiltshire, brought its case against the country in 2017

The Independent UK

What the papers say – August 30

The front pages splash on the potential of North Sea oil amid rising energy bills.

Daily Mirror

Ship carrying 400 tonnes of oil CRASHES off Gibraltar coast and starts to sink

An container ship carrying more than 400 tonnes of oil has crashed into another vessel leaving the Port of Gibraltar and is sinking with the fear that it will spill its load causing an environmental disaster

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