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The Latest Breaking News from Oil

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.

Benzinga

Economics of War: Pain for Europe Now, Later for Russia

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural gas and restart coal plants. A giant utility is asking for a taxpayer…

Asharq Al-Awsat

Oil price rises after Joe Biden fails to secure Saudi output increase

Increase will keep up the pressure at pumps, where drivers have faced record petrol and diesel prices

The Guardian - UK

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France, UAE sign strategic deal to partner on energy projects

France secured promises of new energy supplies from the United Arab Emirates on Monday after talks between President Emmanuel Macron and UAE leader Sheikh Mohamed bin Zayed Al-Nahyan in Paris.

France 24

Oil climbs after Biden fails to secure Saudi output hike – as it happened

Brent crude prices pushed past $100 per barrel after US president Joe Biden failed to secure output hike agreements with the world’s top oil exporter

The Guardian - UK

Oil Dispute Sharpens Baghdad-Kurd Tensions amid Deadlock

Iraq's oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say. The long-simmering dispute came to a head in February -- at a time of political deadlock in Baghdad -- when the…

Asharq Al-Awsat

Economics of war: Pain for Europe now, later for Russia

Europe is feeling the pain from Russia's war in Ukraine

The Independent UK

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Oil Prices Extend Gains

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose 69 cents, or 0.7%, to $101.85 a barrel by 0421…

Asharq Al-Awsat

The sultan, his family and a $15bn dispute over oil in Malaysia

The heirs to the last ruler of Sulu have seized state-owned energy assets in a lawsuit that dates back to colonial Britain

Financial Times

A Shock-Proof Energy Economy

Taming Volatile Oil Markets Requires a New Kind of Government Intervention

Foreign Affairs

3 Reasons Why Big Oil Is A Buy After A Punishing Pullback

Previously a sell, the recent big drop in crude has made Big Oil a buy. How to position to profit from continued consolidation in XOM stock.

StockNews.com

An alternative therapy

After the legalisation of marijuana took effect last month allowing people to grow the plant at home and buy cannabis products, Sarayoot Buranapanich has found a glimmer of hope in weed. A 46-year-old terminal cancer patient, Sarayoot has turned his back on the mainstay of treatment.

Bangkok Post

This cheesy omelet duvet oozes comfort

Did I mention that it is filled with gooey melty cheeses?

Salon

EPA knocks Colorado’s system for issuing air quality permits to minor polluters like drilling sites, gold mines

DENVER — The Environmental Protection Agency found “important concerns” with the way Colorado regulators review and issue permits to minor polluters such as mines, asphalt plants and oil and gas drilling rigs, and those problems risked further damage to the state’s already poor air quality, according to a 309-page report…

The Denver Post

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The Guardian - AU

Midnight Oil: their 20 greatest songs – sorted

Since 1978, Midnight Oil have made 13 studio albums, two studio EPs and innumerable odds and sods. Here, Oils fan Andrew Stafford has a go at picking the dream set list

Tribune News Service

US envoy confident Gulf oil producers will boost production

WASHINGTON — A U.S. energy envoy said he is confident Gulf producers will increase oil output after President Joe Biden’s visit to Saudi Arabia, where he met with regional leaders.

The Hindu

RUCO to put an end to concerns over reuse of cooking oil in eateries

Hoteliers in Kerala welcome Food Safety department’s initiative

The Guardian - UK

Soy chicken wing noodles, rice bowls, banh mi – Uyen Luu’s budget Vietnamese recipes

Inspired by the dishes her mother used to make, the cookery writer shares these classic recipes that are delicious, simple and affordable

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news in one place.

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The Guardian - UK

Volt Rush by Henry Sanderson review – hopeful study of the winners and losers in the race to go green

The journalist’s thorough investigation finds that corporations are unearthing alternatives to fossil fuels. Who will benefit?

The Times of India

India’s crude cost slips below $100 but fuel price cut unlikely

NEW DELHI: India’s crude cost has slipped below $100 per barrel for the first time since April in step with this week’s fall in benchmark rates. While it may appear to be a silver lining for the rupee, an immediate cut in fuel prices is unlikely as the Indian currency’s…

The Guardian - UK

Oil trumps human rights as Biden forced to compromise in Middle East

US president’s attempts to ostracise Saudi crown prince were foiled by a fist bump

Reuters

Biden ends trip with U.S.-Saudi relations on the mend but few other wins

President Joe Biden and Saudi Crown Prince Mohammed bin Salman took a step to mending their troubled relationship with a fist bump, but the U.S. leader left the kingdom on Saturday with few big successes and doubts as to whether the visit was worth it.

Bangkok Post

Saudis warn against 'unrealistic' energy policies

JEDDAH, Saudi Arabia: “Unrealistic” policies regarding energy sources will only push up costs and lead to “unprecedented inflation”, Saudi Arabian Crown Prince Mohammed bin Salman said on Saturday.

Bangkok Post

Indonesia scraps palm oil export levy

NUSA DUA, Indonesia: Indonesia has scrapped its export levy for all palm oil products until Aug 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.

Reuters

Indonesia removes palm oil export levy until Aug. 31

Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.

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