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The Latest Breaking News from Oil

Opec+ agrees small oil output rise despite Biden plea

VIENNA: The Opec+ oil cartel agreed to a small increase in production Wednesday, likely disappointing US President Joe Biden who lobbied for a big hike to tame soaring energy prices on a recent trip to Saudi Arabia.

Bangkok Post

Swiss adopt new EU sanctions on Russia, allow oil payments

The Swiss government imposed further sanctions against Russia over the war in Ukraine on Wednesday, in line with the European Union's latest measures on gold and gold products, the cabinet said.

Reuters

Adani Wilmar Q1 net profit up 10% to Rs 193.59 crore

NEW DELHI: Edible oil major Adani Wilmar Ltd (AWL) on Wednesday reported a 10 per cent growth in consolidated net profit at Rs 193.59 crore for the quarter ended June on higher sales.

The Times of India

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The Greens Will Support Labor’s Climate Bill But Want More Done To Stop Fossil Fuels

"The Greens have improved a weak climate bill and we will pass it, but the fight to stop Labor's new coal and gas mines continues."

Pedestrian.tv

How to make caponata – recipe

Sicily’s famous sweet and sour stew offers plenty of scope to adapt to your own taste … while paying heed to the basics

The Guardian - UK

Russia vows to hit Britain and Europe with higher gas and oil prices in chilling threat

Staunch Vladimir Putin supporter Yevgeny Popov vowed to hit the UK and the rest of Europe with soaring energy costs unless "moron" leaders in the West stop "antagonising" the Kremlin over the Ukraine invasion

Daily Mirror

Big oil is wringing humanity dry. We need a fossil fuel non-proliferation treaty

As the climate crisis escalates, oil companies are posting record profits. We must accelerate a fair energy transition

The Guardian - US

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Ranjit Rath takes over as CMD of Oil India Limited

Rath took charge as CMD of the Navratna PSU under the Ministry of Petroleum & Natural Gas, Government of India, on 2nd August. Full story on Dynamite News:

Dynamite News

U.S. Stock Futures Gain Ahead of Services PMI; Crude Oil Drops Over 1%

Pre-open movers

Benzinga

OPEC+ to decide oil output to world amid high inflation

The OPEC oil cartel and its allies are meeting to decide how much oil to produce in September

The Independent UK

Drought takes toll on Tuscany's famed olive oil and wine production

Farmers in Tuscany, the heart of Italy's prized wine and olive oil industry, are battling to salvage as much as they can of this year's crop from the ravages of drought and heatwave.

Reuters

Belfast man shares top tips after saving money on heating oil and fuel

"It seems like pennies, it seems like pounds, but every penny's a prisoner."

Belfast Live

Cold showers, no lights: Europe saves as Russian gas wanes

Energy saving is all the rage in Europe as the continent rushes to wean itself off natural gas and oil from Russia

The Independent UK

Hezbollah Dampens Mood in Lebanon-Israel Marine Border Talks by Slamming US

Hezbollah dampened the positive mood that prevailed during US Envoy for Energy Affairs Amos Hochstein's meeting with Lebanese officials over the demarcation of the marine border with Israel, by criticizing Washington and accusing it of preventing Beirut from extracting its offshore gas and oil. Hochstein had paid a two-day visit…

Asharq Al-Awsat

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Evening Standard

BBQ recipes: Four of the best from London chefs, with wine pairings to match

From a marinade for almost every meat to a pudding that doubles as a main, four top chefs tell David Ellis how to do the ultimate barbecue, without the hassle

Nottingham Post

Asda, Waitrose and Morrisons issue urgent food recall on items including pasta and sardines

There have been warnings of a contamination risk

RideApart

Mahle's New SCT Motor Promises Extra Longevity And Performance

Automotive supplier Mahle introduces the SCT electric motor, which claims 90-percent efficiency thanks to a sophisticated oil-cooling system.

The Times of India

How authentic are ayurvedic treatment oil for beauty rituals

The Ayurveda medical science has been a trusted weapon for taking care of our physical and internal health for ages. People rely on ayurvedic products to protect their skin from everything around them, especially climate change issues that cause the skin to lose its eternal glow. In addition, they always…

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ABC News

Sustainable wild sandalwood harvest sought by Yilka traditional owners

Rangers who harvest wild sandalwood from one of the most remote corners of Australia are determined to operate sustainably amid calls for a ban to the practice.

Bangkok Post

PTT sells Indonesian mines

National oil and gas conglomerate PTT Plc has decided to sell its Indonesian coal mining business for US$471 million as the firm continues to move towards clean energy.

The Times of India

Exports decline marginally to $35.24 billion in July; trade deficit triples

NEW DELHI: Exports dipped, though marginally, for the first time in 17 months in July, while trade deficit tripled to a record $31 billion fuelled by over 70 per cent rise in crude oil imports.

The Guardian - UK

Will Sunak or Truss make booming oil and gas firms pay to help consumers?

Energy companies have done themselves few favours by helping investors as they benefit from soaring prices

The Times of India

Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

NEW DELHI: The government on Tuesday evening cut the windfall tax on diesel and ATF in line with softening international petroleum product prices but raised the duty on domestically produced crude oil.

The Independent UK

Spain sets limits on air conditioning and heating in new energy-saving measures

Country is the latest in EU to take steps to reduce dependence on Russian oil and gas

The Times of India

Rupee jumps 53 paise to breach 78 level, closes at 1-month high on FII inflows

MUMBAI: The rupee rallied 53 paise -- its best single-day gain in over 11 months -- to close at an over one-month high of 78.53 against the US dollar on Tuesday.

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