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The Latest Breaking News from Oil

Crisis in Iraq Tests its Stability and Iran’s Sway

A power struggle in Iraq between the Shiite cleric Moqtada al-Sadr and rivals aligned with Iran is testing Tehran's ability to stave off a conflict that could damage its interests and further destabilize the oil-rich country. With Sadr supporters camped out in parliament and his opponents protesting in the streets,…

Asharq Al-Awsat

Analysis-Crisis in Iraq tests its stability and Iran's sway

A power struggle in Iraq between the Shi'ite cleric Moqtada al-Sadr and rivals aligned with Iran is testing Tehran's ability to stave off a conflict that could damage its interests and further destabilise the oil-rich country.

Reuters

Big oil’s quarterly profits hit £50bn as UK braces for even higher energy bills

Labour condemns ‘eye-watering’ gains and renews call for windfall tax to ease pressure on household finances

The Guardian - UK

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Nasdaq Turns Positive; Crude Oil Moves Higher

U.S. stocks pared losses midway through trading, with the S&P 500 and Nasdaq Composite turning higher on Tuesday.

Benzinga

Brittney Griner's Seventh Moscow Court Appearance: Russian Narcotics Experts Called Into Question By Defense Team, Here's Why

Once again, Russian prosecutors called a state narcotics expert who analyzed the cannabis oil found in Griner’s luggage when she was detained on February 17 at a Moscow airport where she was returning to

Benzinga

Joe Manchin's secret climate "side deal"

Manchin cut a deal to boost oil and gas drilling in exchange for his support for climate change funding

Salon

Oil firms seem more interested in shareholders than net zero

Analysis: Is the energy industry willing to invest in renewables rather than dividends and buybacks?

The Guardian - UK

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Tesco shopper shocked at 'daylight robbery' price rise as bottle of olive oil hits £7

One shopper has sparked online debate over bulk buying after they called upon people to make the most of a bargain when they see one before prices soar even further

Daily Mirror

'Brazilian Hulk' who injected oil into biceps to make muscles larger dies aged just 55

Valdir Segato ignored health warnings and the risk of strokes and killer infections to create his superhuman aesthetic - which he said was based on his idols Arnold Schwarzenegger and fictional characters like Marvel's The Hulk

Daily Mirror

Almost £7 billion in profits ‘obscene’ as bills soar, BP told

The oil giant announced its results on Tuesday.

The Independent UK

Senate climate bill, broken down

The Democrats’ deal with Manchin is a climate landmark that would also boost fossil fuels

Salon

How are energy companies making so much money? Shell and BP announce whopping profits

As the UK continues to struggle under the cost of living crisis, with energy bills rising and petrol prices at increased costs, energy companies have revealed their multi-billion pound profits

Daily Mirror

Learn to cook – and love it – with these 10 easy recipes

Ordered from easy to hard, these recipes will not only equip you with the skills to cook with confidence, says Nikita Richardson, but you’ll have 10 delicious dishes under your belt worth cooking on repeat

The Independent UK

Spain warns heatwave threatens olive oil production

Weather also threatens output in Italy and grain across Europe as Ukraine war pushes prices higher

The Guardian - UK

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The Independent UK

BP ‘laughing all the way to the bank’ with bumper profits while households face poverty, say campaigners

Oil giant sees profits triple to £6.9bn in second quarter while households struggle with massive bill increases

Evening Standard

Politicians could soon spoil the party for BP

Bumper quarter with majors posting record financials as consumers face energy price hikes

The Guardian - US

The world is ablaze and the oil industry just posted record profits. It’s us or them

No single crisis, no matter how existential, will be enough to shut this machine down naturally. We must break it or it will break us

Daily Record

BP profits branded 'obscene' as energy giant rakes in £6.9bn while Scots struggle to pay bills

Climate campaigners warned the UK's energy system was "fundamentally broken" as ordinary people struggle to afford to heat their homes.

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Benzinga

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

Pre-open movers

Evening Standard

Best lubes for a seamless, sensual experience

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Asharq Al-Awsat

Scientists Create Aircraft Fuel from Soil Bacteria

Aircrafts transport people, ship goods, and perform military operations, but the petroleum-based fuels that power them are in short supply. In research published on June 30 in the journal Joule, researchers at the Lawrence Berkeley Lab have found a way to generate an alternative jet fuel by harvesting an unusual…

The Independent UK

BP earnings triple as energy firm profits from rising prices

BP’s earnings have tripled in the second quarter as the British energy giant profited from oil and natural gas prices that soared after Russia invaded Ukraine

The National (Scotland)

BP posts eye-watering profits as families fear they have 'nothing left' to cut back on

ENERGY giant BP has posted eye-watering profits of £6.9 billion as ordinary families across the country fear another expected increase in their…

Chicago Tribune

Commentary: The West is learning the cost that comes from sanctioning Russia

In the six months since Russian forces started bombarding Ukrainian cities with artillery and missile strikes, the United States and its European allies have stuck with a two-pronged strategy against Russia: provide Kyiv with the military equipment it needs to stall and potentially reverse Russian military advances on the ground,…

Insider UK

BP sees earnings hit 14-year high amid anger over energy firm profits

The oil and gas giant has announced a 10% rise in shareholder dividends

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