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The Latest Breaking News from Oil

Parliamentary proceedings | Profit of oil companies increased manifold: Centre tells Rajya Sabha

LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister

The Hindu

Fire at Cuba oil facility spreads as 3rd tank ignites

A deadly fire that began at a large oil storage facility in western Cuba has spread after flames enveloped a third tank that firefighters had tried to cool as they struggle to fight the massive blaze

The Independent UK

I tried the £28 Olaplex bonding oil for a week and people commented on how 'shiny' my hair looked

The styling oil is popular with shoppers - but is it worth the hype?

Liverpool Echo

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Third oil storage tank collapses in Cuba terminal following fire, spill -governor

A third crude tank caught fire and collapsed at Cuba's main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank that caught fire two days earlier in the island's biggest oil industry accident in decades.

Reuters

Fears of fuel shortages lead to plans for energy rationing in Ireland from September

The ongoing war in Ukraine is placing a huge squeeze on international oil and gas supplies

Irish Mirror

'I tried Aldi's sell out Olaplex £3.49 'dupes' - and I am stunned by how healthy my hair feels'

Shopping writer Rachel Williams tries out Aldi's viral new Bonded haircare range which is said to be similar to the iconic Olaplex.

Daily Record

Pope encourages Cuban search crews after Matanzas blaze

Pope Francis is offering support to firefighters and search crews in Cuba following explosions at a big oil tank farm in the western province of Matanzas

The Independent UK

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G2 Energy Corp. Appoints John Costigan as VP, Corporate Development

Vancouver, B.C. - TheNewswire - August 3, 2022 - G2 Energy Corp. (CSE:GTOO), ((, (FKN:UD9) (the "Company" or "G2") is pleased to announce that current director John Costigan has been named as VP of Corporate Development of the Company effective immediately. John has been involved with the Company in his capacity…

Benzinga

Indian Oil Corporation to expand operations in Sri Lanka

The IOC would invest in storage tanks and other equipment while the dealers are expected to have the land and bear other infrastructure costs, Lanka IOC Managing Director Manoj Gupta said.

The Hindu

Petrol prices down, diesel price unchanged

The board of the Oil Fuel Fund Office (OFFO) resolved on Monday to keep the local diesel price at 34.94 baht per litre, while petrol prices will drop significantly on Tuesday.

Bangkok Post

Five bang-for-your-buck recipes that are low on cost but big on flavour

With a few basic rules, Emily Weinstein brings big flavour to dinner without breaking the bank

The Independent UK

Plastic can take hundreds of years to break down – and we keep making more

Americans throw away an estimated 2.5m plastic water bottles an hour. We need international cooperation to protect our planet and our health

The Guardian - US

Acquacotta: Rachel Roddy’s recipe for vegetable broth with poached eggs

How do you like your water cooked? This version from Tuscany – beans, spuds, tomatoes, parmesan, garlic, lashings of olive oil – sounds rather delicious

The Guardian - UK

Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to help alleviate crisis

Sri Lanka has given approval for India's Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts to reduce severe shortages that have crippled the island nation.

Reuters

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Tribune News Service

Diabetes Quick Fix: Orange-Honey Chicken with Garlic Zucchini and Grape Tomatoes

Orange, almonds and honey flavor chicken cutlets for this quick dinner. Boneless, skinless chicken cutlets, available in most supermarkets, are about 1/2-inch thick. They cook in just 4 to 5 minutes.

Tribune News Service

COUNTERPOINT: Manchin disappoints with Inflation Reduction Act

Throughout Joe Biden’s presidency, Sen. Joe Manchin, D-W.Va., has acted as a check on his party’s worst excesses. Manchin has stopped billions, possibly trillions, in unaffordable government spending. He trimmed bills into a reasonable state and was the key voice bringing the Biden infrastructure bill from $715 billion down to…

Asharq Al-Awsat

Oil Bounces as China, US Data Ease Recession Concerns

Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on US jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. US West Texas Intermediate crude was at $89.76…

Insider UK

Proposed Rosebank oil field 'will have lowest possible carbon footprint'

Equinor says a final investment decision could happen next year

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ABC News

Channel Country advisory group outcomes about gas exploration and fracking remain secret

Almost 12 months after the Queensland government quietly granted oil and gas leases in the environmentally sensitive Channel Country, there are calls for the outcome of stakeholder meetings to be made public.

The Independent UK

One dead, 122 injured in massive fire at Cuban oil facility after lightning strike

Lightning struck one tank at the Matanzas facility, causing it to catch fire and ignite another nearby tank

Reuters

Cuba gets help from Mexico, Venezuela to fight oil fire

Cuba appeared to make progress on Sunday bringing under control a fire at its main oil storage facility that has killed one firefighter, drawing on help from Mexico and Venezuela to fight the raging flames.

The Guardian - AU

Australian fuel efficiency standards could have saved motorists $5.9bn, research shows

Australia Institute report makes a case for fuel standards as a means to cut emissions and decrease reliance on foreign oil

The Independent UK

Firefighters battle blaze at oil storage site for 2nd day

Cuban firefighters have been joined by special teams sent by Mexico and Venezuela as they battle for a second day to control a fire blazing at a big oil tank farm

Asharq Al-Awsat

Oman Posts 784 Million Rial Budget Surplus for H1/2022

The Omani government posted a budget surplus of 784 million rials ($2.04 billion) at the end of the first half of 2022, Oman's state news agency reported on Sunday. The Gulf Arab state's oil revenues increased to 3.187 billion rials by the end of first half, the report added. Public…

France 24

Cuba asks for international help as deadly oil depot fire rages

A fire set off by a lightning strike at an oil storage facility raged uncontrolled in the Cuban city of Matanzas, where four explosions and flames injured 121 people and left 17 firefighters missing. Cuban authorities said a unidentified body had been found late Saturday.

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