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The Latest Breaking News from Oil

Russian oil shipments to central Europe expected to resume

Slovakia's economy minister says oil shipments from Russia through a critical pipeline to several European countries should resume soon after a problem over payments for the transit was resolved

The Independent UK

Cuba’s enormous blaze fuels fears of instability even as flames are doused

As the country grapples with power outages and US sanctions, its government faces a perilous moment

The Guardian - US

Prax Group buys new vessel to carry Lindsey Oil Refinery marine fuel to UK and European ports

Fortuna II arrives seven months after big sister Fortuna I was welcomed

Birmingham Post

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Workers at Grangemouth oil refinery block access road in dispute over pay

NEARLY 100 workers at Grangemouth oil refinery have walked out in a dispute over pay on Wednesday morning.

The National (Scotland)

Cancer sufferer, 60, sentenced for having cannabis she used to fight pain

She used to use cannabis oil but it became too expensive so she started putting cannabis in her food

Wales Online

Oil Slips as US Crude Stockpiles Rise

Oil prices eased on Wednesday after industry data showed US crude inventories unexpectedly rose last week, signaling a potential hiccup in demand, though concerns over supply kept losses in check. Brent crude futures fell 23 cents, or 0.2%, to $96.08 a barrel at 0323 GMT. US West Texas Intermediate crude…

Asharq Al-Awsat

Who's holding back electric cars in Australia? We've long known the answer – and it's time to clear the road

New analysis this week found strong fuel efficiency standards would have saved Australia A$5.9 billion in fuel costs and emissions equal to a year’s worth of domestic flights if the policy was adopted in 2015.

The Conversation

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Chinese recipes you know – and some you definitely don’t

Prudence Wade tries Best Home Cook winner Suzie Lee’s debut cookbook, which will teach you everything you didn’t know – but should – about Cantonese cuisine

The Independent UK

It’s time to tax mining and energy giants properly. Struggling Australians should share in their record profits

The fact that an energy exporter like Australia is having a tough time when the prices of our energy exports are sky high shows just how broken our political debate has become.

The Guardian - AU

GST twist: Jugaad sales start after packaged aata, dal prices surge

BHOPAL: Following imposition of 5% GST on packed grocery, milk and milk products, prices of packaged and branded grocery items like atta (wheat flour), dal (pulses), besan (gram flour), maida (refined wheat flour) and poha have gone up with edible oil being the only exception, which has seen a decline…

The Times of India

Amid fight with oil industry, Newsom makes a last-minute pitch to harden California's climate goals

SACRAMENTO, Calif. — Gov. Gavin Newsom this week urged California lawmakers to harden the state's climate and energy goals, releasing a five-point legislative plan that promises to intensify the governor's clash with the state's powerful, billion-dollar oil industry.

Los Angeles Times

Olive oil prices to rise as Spanish heatwave hits production

Heatwave and very little rainfall have lead to reduced crops, amid fears that weather could also affect next year's harvest

Chronicle Live

SPRC faces B39m suit over oil spill

RAYONG: Restaurant and hotel entrepreneurs at Mae Ramphueng beach and Koh Samet yesterday filed a lawsuit against Star Petroleum Refining Public Co Ltd (SPRC) to demand 38.8 million baht in compensation for recent oil spills that have harmed the area.

Bangkok Post

Cuba has not officially requested US help to put out oil fire, State Department says

U.S. firefighting experts have provided technical advice to Cuban officials regarding the fire at an oil storage facility at the port of Matanzas, but that is as far as the cooperation has gone because the Cuban government has not requested other types of assistance from the United States, the State…

Miami Herald

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StockNews.com

3 Energy Stocks to Buy on the Dip

Despite the recent retreat in oil and gas prices from their peaks, analysts expect energy prices to rise, driven by substantial demand and restricted supply. A surge in demand due to the reopening of China’s economy could boost oil and gas prices significantly. Given the industry tailwinds, we think it…

The Hindu

Oil industry associations worried over CPCL being told to restrict production

The 10.5 million tonne refinery is crucial to maintaining petrol, diesel and liquefied petroleum gas (LPG) supplies in Tamil Nadu

WEKU

A raging fire at a Cuban oil facility worsens the island's energy crisis

Flames engulfed a fourth tank at an oil storage facility as the fire consumes critical fuel supplies on an island grappling with a growing energy crisis.

Asharq Al-Awsat

Saudi Arabia: Stability of Oil Market Pivotal to Kingdom’s Energy Strategy

The Saudi government stressed on Tuesday the great need to commit to oil production in line with the agreements reached by OPEC and OPEC+. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The government tackled the outcomes of 31st…

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Asharq Al-Awsat

Kyiv Calls for ‘Ban’ on Russians as Moscow Steps up Assault in Eastern Ukraine

Ukraine's president called on the West to impose a blanket travel ban on Russians, an idea that has found support among some European states but angered Moscow which pressed on with a fierce military offensive in eastern Ukraine. President Volodymyr Zelenskiy's idea looked likely to divide the European Union, where…

Asharq Al-Awsat

Ukraine Halted Oil Flows to Europe over Payment Issue, Russia’s Transneft Says

Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said on Tuesday. International benchmark Brent crude jumped by $2 per barrel to trade near $98 as the news…

Reuters

Cuba brings oil depot fire under control, worst in island's history

Firefighters on Tuesday finally overcame what officials described as the worst fire in Cuba's history that over five days destroyed 40% of the Caribbean island's main fuel storage facility and caused massive blackouts.

Chicago Sun-Times

Two ‘summer headliners’ combine for tasty salad

Bound together with lime juice and olive oil, streaked with quick-pickled red onions, the peppery bite of poblano and earthy parsley, each bite of this corn and tomato salad is juicy, cool and balanced.

The Independent UK

Raging fire consumes 4th tank at Cuba oil storage facility

Flames have engulfed a fourth tank at an oil storage facility in western Cuba as the raging fire consumes critical fuel supplies on an island facing a growing energy crisis

The Independent UK

Russia curtails oil shipments to central Europe

Several countries in Europe dependent on Russian energy are suffering another blow with confirmation that oil shipments have stopped through a critical pipeline

Evening Standard

Olive oil prices to rise due to heatwave

The price of Olive Oil is set to increase as the heatwave takes hold

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