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The Latest Breaking News from Oil

Why olive oil is so expensive right now

Massive heatwaves across Europe are threatening the global olive oil production — and the cost is staggering

Salon

Which Energy Stock Is the Best Buy Right Now?

Leading oil and gas company Marathon Petroleum (MPC) reported solid second-quarter results. Shares of MPC have gained in doubt digits year-to-date. Higher price realizations and substantial market demand should bode well for the energy company. Thus, we think MPC is an ideal investment now. Read on to know more….

StockNews.com

Nasdaq Dips 250 Points; Crude Oil Moves Higher

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping around 250 points on Friday.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Prince William charity uses bank that is one of world’s biggest fossil fuel backers

Royal Foundation also places investments in trust that owns shares in firms that buy palm oil, investigation reveals

The Guardian - UK

Will energy profits be raided again to save consumers?

Falling oil price not helping as much as it should due to surging value of dollar

Evening Standard

Middle East states in line for $1.3tn windfall from extra oil revenues

IMF says it expects region’s oil and gas exporters to benefit from high prices over next four years

The Guardian - UK

U.S. Stock Futures Down Ahead Of Earnings; Crude Oil Drops

Pre-open movers

Benzinga

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Prince William charity invests in bank tied to fossil fuels

The conservation charity founded by Prince William, second in line to the British throne and a well-known environmentalist, keeps its investments in a bank that is one of the world’s biggest backers of fossil fuels

The Independent UK

Hair syrup: is it just old-fashioned hair oil by a sweeter name?

This ‘new’ treatment may have gone viral, but hair oil has been part of Indian beauty routines for centuries

The Guardian - UK

Unequal and divided, Angola braces for tense election

Angolans head to the polls next week in what is likely to be a tense standoff between a ruling party in power for nearly five decades and an opposition with growing appeal to a frustrated, impoverished youth.

Reuters

Morning Digest | Doval discusses high-tech cooperation in Moscow; Centre cuts windfall tax on domestic crude oil, and more

Here’s a select list of stories to read before you start your day

The Hindu

Cuban experts say they can’t identify remains of victims of fire in Matanzas

Cuban experts said Wednesday they haven’t been able to identify the remains of 14 victims believed to be firefighters who died combating the fire that ravaged an oil storage facility at the port of Matanzas earlier this month.

Miami Herald

A news site with ties to the fossil fuel industry claimed Scotland axed 14 million trees to make way for wind farms. Is that correct?

The country's efforts to tackle climate change have been caught up in a fresh wave of misinformation about renewable energy, thanks to a news website with ties to the oil and gas industry.

ABC News

DIY Diaries: How to do Hair Spa treatments at home

You must have searched the internet a thousand times for this topic yet are still looking for a hair mask that will actually work and that does not involve a lot of hassle. Firstly, for any hair mask to work you need to identify what exactly is your hair condition…

The Times of India

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StockNews.com

4 Momentum Stocks to Keep an Eye on This Fall

Despite a slight decline in inflation from the 40-year high level, robust employment data and persistent price pressures could prompt the Fed to maintain its hawkish policy stance, keeping the stock market under pressure. Therefore, it could be wise to invest in APA Corporation (APA), Dynagas LNG (DLNG), Friedman Industries…

The Hindu

Oil at six-month low | Petrol at breakeven, losses continue on diesel

Brent crude oil was trading at ₹94.91 per barrel on August 18

Reuters

Explainer-What is at stake for investors in Angola's elections?

Angolans will vote on Wednesday for a new president and parliament in what looks set to be the closest election in Africa's second-biggest oil producer since the country won independence from Portugal in 1975.

The Japan News/Yomiuri

Mitsubishi asked to mull new Sakhalin-2 investment

The government asked Mitsubishi Corp. to consider investing in the new Russian operator of the Sakhalin-2 oil and gas project in Russia's Far East during a meeting between Economy, Trade and Industry Minister Yasutoshi Nishimura and Mitsubishi President Katsuya Nakanishi.

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news in one place.

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Asharq Al-Awsat

Houthi Levies Impoverish Yemeni Farmers

Fruit farmers in Yemen’s Houthi-run areas are suffering the brunt of hiked oil prices and high maintenance rates.

Salon

After the climate bill: Three big steps

Biden's big bill is a breakthrough on energy — but there's a long way to go. These three steps should come next

Asharq Al-Awsat

Oil Rises on US Crude Stocks Data, Tight Supply Outlook

Oil prices rose on Thursday as robust US fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut demand. Brent crude futures climbed $1.43, or 1.5%, to $95.08 a barrel by 0900 GMT.

Bangkok Post

Myanmar ready to import Russian oil

Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a junta spokesperson said, the latest developing country to do so amid a global energy crisis.

The Hindu

Long-term proposition for India to reorient foreign policy away from Russia, says U.S.

India has raised oil imports from Russia after the Ukraine war despite criticism from the West and continues to engage with Moscow for business

Asharq Al-Awsat

KAUST Produces Tutankhamun Perfume Oil from Algae

The famous essential "patchouli oil" is often linked to King Tutankhamun's oil, according to sites specializing in the history of perfumes. "New Directions Aromatics" company in Canada announced the discovery of ten gallons of Patchouli essential oil inside Tutankhamun's tomb. The historical review of this essential oil is an attempt…

Reuters

Analysis: Confident Algeria rides gas high

Europe's attempts to wean itself off Russian gas have given Algeria a shot in the arm.

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