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The Latest Breaking News from Oil

Khashoggi’s fiancée says Biden visit to Saudi Arabia is "heartbreaking"

"Biden will lose his moral authority by putting oil and expediency over principles and values."

Axios

Worried about high energy bills, some Canadians risk discomfort, illness and even death

Almost one in 10 Canadian households spend more than 10 per cent of their income to heat and cool their homes, keep the lights on and to store or cook food. For these households, the high cost of energy, which includes electricity, natural gas, heating oil and propane, means they…

The Conversation

Exports up 23.52% to $40.13 billion in June; trade deficit at record $26.18 billion

NEW DELHI: Exports in June rose by 23.52 per cent to $40.13 billion while the trade deficit ballooned to a record level of $26.18 billion mainly due to jump in gold and crude oil imports, the government data said on Thursday.

The Times of India

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MAGA pastor says climate activists are being controlled by ‘demons’

‘The environmentalists are crazy. They are more fanatical than al Qaeda’

The Independent UK

Momentum in economy holding up better than expected: Finance ministry report

NEW DELHI: India’s macro risks have receded in the last six weeks due to the steps taken by the Centre and the Reserve Bank of India (RBI) and the decline in oil prices due to global recession fears, the finance ministry said in a report on Thursday, asserting that the…

The Times of India

How Falling Oil Prices Will Impact These 3 Stocks

Recessionary fears have led to a drop in oil prices recently. However, oil demand is expected to remain robust this year, and analysts expect oil prices could top $150 per barrel. So, let’s discuss the near-term prospects of oil and gas stocks Chevron (CVX), Marathon Oil (MRO), and Cheniere Energy…

StockNews.com

Two women caught smuggling hash oil into prison

Bengaluru

The Hindu

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These 3 Stocks Are Most Likely to Survive an Economic Downturn

The stock market slumped on Wednesday after the decades-high inflation report came in. Traders now expect the Fed to deliver a full-point rate hike, deepening recessionary concerns. Amid this, quality stocks H&R Block (HRB), Occidental Petroleum (OXY), and Continental Resources (CLR) have outperformed the broader market this year and might…

StockNews.com

Here's Why Enterprise (EPD) Could Be An Attractive Bet

Enterprise Products Partners LP (NYSE: EPD) has witnessed upward earnings estimate revisions for 2022 and 2023 in the past 60 days. So far this year, the stock, carrying a Zacks Rank #2 (Buy), has gained 12.2%, outpacing the 9.2% rise of the composite stocks belonging to the industry.

Benzinga

Libyan oil firm chief denounces Tripoli’s move to replace him

The National Oil Corporation claims Tripoli government forces stormed its headquarters to install new director.

Al Jazeera

Target Hospitality is This Week’s Featured Stock

Target Hospitality (TH) is a specialty rental and hospitality services company that has been experiencing big gains in recent weeks. Read more to find out what's driving the stock higher, and why the gains could continue.

StockNews.com

Carbon monoxide: what is it and why is it deadly?

Many of us are familiar with the typical results of burning fuels such as coal, natural gas and oil. The reaction produces heat which we harness to warm our homes, heat water and cook food, power vehicles and generate electricity.

The Conversation

3 Stocks the World's Greatest Investors Are Buying up Right Now

Skyrocketing inflation, the Fed’s aggressive interest rate hikes, and growing recession fears have kept the stock market under tremendous pressure lately. Amid the market’s downtrend, the world’s renowned investors are scooping up quality stocks Occidental Petroleum (OXY), Amazon.com (AMZN), and Incyte (INCY). Continue reading….

StockNews.com

IIT Madras develops life cycle management system for ONGC

The structural integrity management system developed by the Ocean Engineering department of the IIT Madras will help ONGC in extending the life of its equipment in offshore oil platforms

The Hindu

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The Independent UK

US Embassy alarmed by power struggle at Libya's oil company

The U.S. Embassy in Libya is voicing concern over the struggle for control of Libya’s oil corporation after its chairman was sacked

Evening Standard

Best deep fat fryers for great tasting chips and fried food at home

For deep fried delights

Reuters

Libyan parliament rejects Tripoli's move to sack state energy firm head

The energy committee of Libya's eastern-based parliament on Thursday rejected a government move to sack the head of National Oil Corporation (NOC), deepening a power struggle for control of the energy firm whose exports fund the entire state.

The Guardian - AU

Chris Bowen shares draft climate bill as independents and Greens turn up heat for more ambitious action

Greens call for moratorium on new oil and gas projects as some independents urge Labor not to rush major policy for political reasons

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The Texas Tribune

Smog levels in Texas surge during heat wave, bringing worst summer air quality in a decade

Emissions are reacting with the summer heat to create high levels of smog, hazardous air pollution that damages the lungs. But state officials are pushing back on ozone pollution controls proposed by the EPA, arguing such rules would compromise the electric grid.

The Independent UK

Olive oil, tomatoes and risotto rice supplies at risk due to Italy drought

‘Unless it rains very soon, the olive crop will be dramatically reduced,’ said Walter Zanre, UK managing director of olive oil specialist Filippo Berio

Tribune News Service

Quick Fix: Mangoes, coconut shrimp refreshing adds to Cobb salad

Here’s a Cobb salad with a tropical twist. Ripe juicy mangoes are at the height of their season, and I added them along with shrimp sauteed with coconut to make a refreshing summer salad with a hint of the tropics.

Reuters

Yellen says Russian officials have no place at G20 meeting

U.S. Treasury Secretary Janet Yellen on Thursday said Russian President Vladimir Putin's war against Ukraine was causing a negative spillover around the world and Russian officials had no place at this week's meeting of the Group of 20 major economies.

Chronicle Live

Supermarkets should have reduced fuel by 4p a litre according to the AA

Anger as 'scandalous' refusal to pass on drop in price of oil to customers

Asharq Al-Awsat

Libyans at Boiling Point Amid Summer Power Cuts

Mahmud Aguil has a comfortable house in Libya's capital Tripoli, but chronic power outages in the war-battered country and roasting summer heat now force him to sleep in his air-conditioned van. "This is my bedroom," the 48-year-old said pointing to the cramped vehicle, its back seats removed to make space…

Al Jazeera

With the world in ‘turmoil’, a new ‘Quad’ comes into place

India, Israel, US and UAE come together to boost business and diplomatic ties and to hedge bets in a world of turmoil.

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