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The Latest Breaking News from Oil

Algeria, Italy Sign Gas Deal Worth $4 Billion

Italian Prime Minister Mario Draghi held talks with Algeria’s president Monday to to boost gas deliveries and reduce Italy’s reliance on Russian supplies. President Abdelmadjid Tebboune welcomed Draghi and the two went on to sign agreements and memorandums of understanding in areas ranging from energy to sustainable development, justice and…

Asharq Al-Awsat

Morning Digest | Stalemate in India-China talk continues, one more case of monkeypox confirmed in Kerala, and more

A select list of stories to read before you start your day

The Hindu

Putin arrives in Iran for rare foreign trip to meet Erdoğan and Raisi

Syria, Ukraine and oil will be on the agenda.

Axios

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

Five takeaways from President Biden’s first trip to Middle East

Joe Biden reaffirmed old commitments to allies and pushed for further Israeli-Arab normalisation during visit to region.

Al Jazeera

If You Invested $1,000 In The U.S. Oil ETF At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the past two years. But there is no question some investments performed better than others along the way.

Benzinga

Petrol prices fall from record highs for first time in months

Falling wholesale costs could lead to savings of £10 off a tank within a fortnight, the AA said

The Guardian - UK

U.S. Stocks Turn Lower; Crude Oil Settles Back Above This Level

U.S. stocks turned lower toward the end of trading, with the Dow Jones dropping around 80 points on Monday.

Benzinga

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Petrol prices could soon fall to $1.85 but diesel remaining high

Petrol could fall below $1.85 a litre as global prices for crude oil slide. But are retailers passing on the falls?

ABC News

These 2 Energy Stocks Were Just Upgraded — Which Should You Buy?

Our proprietary rating system has recently upgraded Murphy Oil (MUR) and Centrus Energy (LEU) based on their fundamentals. But which of these stocks is a better buy now? Read more to find out….

StockNews.com

Steep edible oil prices fall over past few months

NEW DELHI: Prices of all major edible oils have fallen by Rs 15-25 per litre in the past four months, according to government data. The prices may reduce further as a major producer on Monday announced a significant cut in the prices and said stocks with new prices will soon…

The Times of India

Diesel price slashed for bulk users

Diesel price continues to be higher for bulk buyers

The Hindu

Libyan PM makes alliance with ex-enemy to cement ceasefire

Prospect of Abdul Hamid Dbeibeh and Khalifa Haftar burying differences may be welcomed by UN

The Guardian - UK

Russian Sanctions Are Working but Slowly

Moscow’s military capabilities are being ground down, piece by piece.

Foreign Policy

EU approves £424m military aid package for Ukraine and eyes further sanctions

Ursula von der Leyen says Moscow ‘must continue to pay a high price for its aggression’

The Independent UK

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news in one place.

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The Independent UK

White House economic adviser predicts gas prices will continue to slide throughout July

Good news for consumers after weeks of national average price hovering around $5.00 per gallon

Tribune News Service

Julian Lee: If we're lucky, OPEC is wrong about oil demand going up

We’d better hope the forecasters at OPEC have got their numbers wrong. If they haven’t, then the members of the oil producer group may struggle to supply as much crude as the world will need next year.

The Guardian - UK

Push for post-Brexit trade deals may threaten UK pledges on deforestation

Government criticised over ‘indefensible’ proposal that could undermine climate efforts while yielding benefit of only £1.38m

StockNews.com

2 Value Stocks Every Investor Will Want to Look at This Summer

Concerns over aggressive interest rate rises to confront multi-decade high inflation, and the risk of an economic recession have all contributed to recent market volatility, leading the stocks of some high-quality companies to trade at attractive valuations. So, we believe fundamentally good value stocks Adam Resources & Energy (AE) and…

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news in one place.

100's of premium titles.
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The Independent UK

US says talks with India on price cap on Russian oil ‘encouraging’

India has not made any promises on price cap but did not ‘express hostility to this idea’, US official says

The Guardian - US

How a conservative US network undermined Indigenous energy rights in Canada

Internal documents explain why oil and gas interests would benefit from a key Indigenous declaration being ‘defeated’

Benzinga

Benzinga Before The Bell: Amazon Wages Price War On Tesco, Biden's Campaign Promise To Free Cannabis Prisoners, H&M Exits Russia And Other Top Financial Stories Monday, July 18

Reuters GSK Completes Spin-Off Of Its Consumer Healthcare Business

The Independent UK

Five epic recipes to help you survive another boring week

Make Monday taco night and the rest of the week will fall into place, says Emily Weinstein

The Times of India

Rupee settles at record low of 79.98 against US dollar; briefly touches 80/$ mark

MUMBAI: The rupee slid to the psychologically low level of 80 in intra day trade before settling down by 15 paise at 79.97 (provisional) against the US currency on Monday due to a surge in crude oil prices and unrelenting foreign fund outflows.

The Independent UK

UAE leader in France to discuss Russian energy alternatives

French President Emmanuel Macron is hosting the leader of the United Arab Emirates to ensure energy supplies from the oil-rich Gulf country

Benzinga

Why Bank Stocks Traded Sharply Higher; Here Are 65 Biggest Movers From Friday

Gainers United Maritime Corporation (NASDAQ: USEA) shares climbed 175.9% to close at $6.07 on Friday. United Maritime, on Tuesday, announced acquisition of four oil tankers and filed for stock offering on Wednesday.

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