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The Latest Breaking News from Oil

Crude Oil Analysis Points To Bullish Turnaround

Crude oil experienced a significant drop in price over the past two weeks. This week, however, it appears the energy commodity is bouncing back to the bullish side.

Benzinga

Govt slaps windfall tax on fuel exports, domestic crude

NEW DELHI: The government on Friday taxed petrol, diesel and jet fuel exports to discourage overseas sales by private refiners Reliance Industries and Nayara Energy without first meeting domestic commitments and levied additional duty on domestic crude to mop up part of the windfall gains from elevated prices caused by…

The Times of India

Protesters spark evacuation at art gallery by GLUEING themselves to famous painting

Two men have been arrested

Manchester Evening News

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What is hashish oil and how did it land Brittney Griner in a Russian courtroom?

Ms Griner’s appeared for her first court hearing on Friday

The Independent UK

Just Stop Oil activists glue themselves to Turner painting frame in Manchester

Supporters of group say young people have ‘nothing to lose any more’ as they call for end to new oil and gas projects

The Guardian - UK

The Guardian view on Biden’s risky gamble: betting on lowering oil prices

Editorial: The climate agenda risks being derailed by energy market disruptions caused by Russia’s war in Ukraine

The Guardian - UK

Warren Buffett Just Picked up This Buy-Rated Energy Stock

Leading oil and gas company Occidental Petroleum (OXY) reported impressive first-quarter results. Shares of OXY have gained in double digits so far this year, outperforming the broader market, thanks to surging energy prices. Moreover, Warren Buffett has recently added more OXY shares to his portfolio. And this stock is rated…

StockNews.com

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What Do They Know That We Don't? Institutions Just Bet $18M On The U.S. Oil Fund Via Dark Pools

At 9:12 a.m.

Benzinga

ICESCO Commends Saudi Initiative to Finance Development Projects in Yemen

The Islamic World Educational, Scientific and Cultural Organization (ICESCO) has welcomed Saudi Arabia’s announcement to finance a set of development projects in Yemen. Saudi Arabia announced on Thursday a number of vital development projects that will be implemented in Yemen, reported the Saudi Press Agency. The Saudi Development and Reconstruction…

Asharq Al-Awsat

Michael Hiltzik: The GOP is now complaining about environmentally conscious investing

In May, Elon Musk went on the warpath against the investment model known by the initials ESG, short for "environmental, social and governance" principles.

Los Angeles Times

Electronic Arts And 2 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Putin orders Sakhalin-2 asset transfer to Russian company

Russian President Vladimir Putin on Thursday signed a presidential decree ordering the operator of an oil and gas development project in the Russian Far East -- known as the Sakhalin-2 project -- to hand over all of its assets to a newly established Russian firm without compensation.

The Japan News/Yomiuri

Is this the end of shampoo? New ways to clean your hair

Oily roots? Dry ends? A new breed of ‘no shampoo shampoos’ purport to clean your hair without the chemicals. But do any of them actually work?

The Guardian - UK

Govt to review new taxes levied on crude, diesel, ATF every fortnight, says Nirmala Sitharaman

A ₹6 per litre tax on export of petrol and ATF and ₹13 per litre tax on export of diesel is effective from July 1.

The Hindu

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Evening Standard

Best cannabis skincare: CBD and hemp products for inflammation, acne and anti-ageing

Soothe, smooth and nourish with these CBD and hemp multi-taskers

Radio France Internationale

Indian supermarket chains to set up shop in sanctions-hit Russia

Indian retail firms are in talks that could see them move into the Russian market through local franchises. The announcement came as Nike joined a growing list of Western companies exiting the Communist state following US-led sanctions intended to isolate Moscow.

Asharq Al-Awsat

OPEC+ to Maintain Slight Output Hike in August

OPEC+ agreed on Thursday to stick to a planned oil output hike this summer but avoided discussing policy from September onwards as prices have risen on tight supplies and worries that the group has little ability to pump more. The group, which comprises the Organization of the Petroleum Exporting Countries…

Asharq Al-Awsat

Oil Prices Ease on Recession Fears, Headed for 3rd Weekly Loss

Oil prices eased on Friday as lingering fears of a recession demand weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. Brent crude futures were down 20 cents, or 0.2%, at $108.83 a barrel by 0428 GMT, giving up earlier gains of over $1. WTI…

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The Hindu

Centre raises export tax on petrol, diesel and ATF

The govt. also slapped a ₹23,230/tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices

Liverpool Echo

I tried the viral, heatless hair curls tiktok challenge using this silk curler and here's the results

Our reviewer Nina Craig got to try this silk curler with hair oil to try and get perfect, longlasting waves... but it didn't really turn out that way

Bangkok Post

Controversial fuel windfall tax facing delay

The government's controversial plan to collect a windfall tax from oil refineries to support the dwindling Oil Fuel Fund may face a one-month delay because of legal complications in charging the new tax, says a source from a refinery company.

Reuters

Ecuador's government, indigenous leaders reach agreement ending protests

Ecuador's government and indigenous groups' leaders on Thursday reached an agreement to end more than two weeks of protests against the social and economic policies of President Guillermo Lasso which left at least eight dead, indigenous leaders said.

The Independent UK

From stocks to crypto, a punishing six months for investors

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months

Asharq Al-Awsat

Saudi Arabia Announces Development Projects in Yemen Worth $600 Mln

Saudi Arabia announced on Thursday a number of vital development projects that will be implemented in Yemen, reported the Saudi Press Agency. The Saudi Development and Reconstruction Program for Yemen will implement 17 projects, worth $400 million, that cover six sectors, including energy, transportation, education, water, health, and building state…

Reuters

Biden says will see Saudi's crown prince, won't push Saudi directly on oil

U.S. President Joe Biden on Thursday said he would see Saudi Arabia's king and crown prince during a visit to the country next month but that the purpose of his trip was not to press them to increase oil output.

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