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The Latest Breaking News from Oil

BP pays UK oil tax for first time in six years, company report says

BP HAS paid tax on its operations in the North Sea for the first time in at least six years, according to a company report.

The National (Scotland)

Freedom sunflower oil maker plans foray into many States

Brand ranked number one by volume sales

The Hindu

3 Strong Stocks That Are Bucking The Downward Trend

Growing concerns over the multi-decade high inflation and the Fed’s tighter monetary policy have kept the stock market under tremendous pressure lately. Furthermore, analysts are raising the odds of the economy sliding into a recession. Amid this environment, it could be wise to invest in fundamentally sound stocks, Adams Resource…

StockNews.com

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LOCALIZE IT: Ideas for local coverage of skyrocketing gas

EDITORS/NEWS DIRECTORS:

The Independent UK

Motorists face $2 petrol for months to come as oil-price plunge fails to deliver bowser relief

Australian motorists will be charged sky-high petrol prices for months to come despite falling global oil prices, a leading analyst has warned.

The New Daily

India's consideration for crude oil purchases very well understood, says Foreign Secretary Kwatra

PM Modi will visit the Alpine castle of Schloss Elmau on June 26 and 27 to attend the annual summit of G7 countries.

The Hindu

How to get rid of earwigs – 8 easy ways to banish them from your home

Wondering how to get rid of earwigs from your home? These simple tips shared by professionals will help to keep these creepy crawlies away for good

Homes & Gardens

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Angolan ex-leader dos Santos in intensive care -Portuguese media

Angola's former president Jose Eduardo dos Santos, who ruled Africa's second biggest oil producer for nearly four decades, is in intensive care at a clinic in Barcelona, Portuguese news agency Lusa reported, citing a source close to him.

Reuters

Government re-advertises top post of oil regulator

The oil ministry this week issued an advertisement inviting applications for the post of chairman of the PNGRB.

The Hindu

World’s dirtiest oil and gas fields are in Russia, Turkmenistan and Texas

Oil and natural gas fields in Russia, Turkmenistan and Texas are the most climate-damaging on Earth, according to a first-of-its kind analysis that looks at greenhouse-gas emissions across entire supply chains and finds they vary widely. The dirtiest fields emit more than 10 times as much carbon dioxide equivalent as…

Tribune News Service

Oil Rises in Volatile Trading amid Supply Uncertainty

Oil prices edged higher amid a volatile trading session on Friday, as supply uncertainty outweighed fears of slower demand from cooling US economic activity. Brent crude futures climbed 31 cents, or 0.3%, at $110.36 a barrel by 0630 GMT, while US West Texas Intermediate (WTI) crude futures were up 59…

Asharq Al-Awsat

Asian Markets Rise as Recession Talk Tempers Rate Hike Expectations

Stocks rose in Asia on Friday following another rally on Wall Street as investors try to process central bank moves to fight soaring inflation with the growing possibility that those measures will induce a recession. Global markets have been thrown into turmoil for months by a perfect storm of crises…

Asharq Al-Awsat

Move Over Wine, Craft Beer, Olive Oil: First-Ever California State Fair Cannabis Award Winners Announced

Recognized for the best in agriculture, wine, craft beer, olive oil and cheese, the California State Fair can now boast outstanding cannabis.

Benzinga

A World Apart, Lebanon and Sri Lanka Share Economic Collapse

Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoil and violence that led to the collapse of once-prosperous economies bedeviled by corruption, patronage, nepotism and incompetence. The toxic combinations led to disaster for both: Currency collapse, shortages, triple-digit inflation and growing hunger.…

Asharq Al-Awsat

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The Independent UK

A world apart, Lebanon and Sri Lanka share economic collapse

A shared history of political turmoil and violence in two countries a world apart, Lebanon and Sri Lanka, led to the collapse of once-prosperous economies that have been bedeviled by corruption, patronage, nepotism and incompetence

The Times of India

How men can lighten their dark underarms

Dark underarms could be embarrassing any time of the year. And, let's accept that most Indian men fight this skin condition, but there's something you need to know! Dark armpits can be lightened at home easily and you don't need to see a skin doctor reverse this condition. Well, here's…

Bangkok Post

Duterte ends China oil talks, leaving any restart to Marcos

Outgoing Philippine President Rodrigo Duterte has ended talks with China on oil exploration in the disputed South China Sea, his top envoy said, posing a challenge for incoming leader Ferdinand Marcos Jr if he wishes to restart discussions.

Tribune News Service

‘Constructive’ talk but no deal as Granholm meets oil execs

A meeting on Thursday of oil company executives and Energy Secretary Jennifer M. Granholm concerning high consumer gas prices and refining capacity was “constructive,” even as it failed to produce a policy to address prices at the pump, industry leaders said.

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Bangkok Post

Refineries hit back at tax

A proposal to temporarily charge a tax on the oil refinery margin appears to be a last-ditch effort by the government to control soaring energy prices, but major refineries question the move aimed at trimming some of their profits.

Reuters

No more EU sanctions on Russia needed, negotiations better option -Hungary

The European Union should stop adding sanctions on Russia over its invasion of Ukraine and instead push for a ceasefire and the start of negotiations, a senior aide to Hungarian Prime Minister Viktor Orban said on Thursday.

StockNews.com

XOM Surged More Than 40% YTD, Is It a Better Buy Than SHEL?

Given a demand-supply imbalance in the energy sector, rising prices should benefit integrated oil and gas companies Exxon Mobil (XOM) and Shell (SHEL). XOM gained 43.6% year-to-date versus SHEL’s 17.1%. But which of these stocks is a better buy now? Read more to find out.

ABC News

The Wanda Beach concert was a defining moment in Australian rock music but it was almost a disaster

Organisers expected about 10,000 people but more than 25,000 turned up for the free concert. And then the rain came down.

The Independent UK

Oil industry says Granholm meeting sends 'positive signal'

Groups representing the oil industry and refiners say a meeting with Energy Secretary Jennifer Granholm was productive and should send a signal to markets that the United States is committed to long-term investments in the oil and refining industry

The Guardian - UK

Sunak urges banks to keep funding oil and gas firms after windfall tax

Sector says £5bn energy profits levy will make investment in new projects and renewables more difficult

Los Angeles Times

Review: The wickedly funny 'Flux Gourmet' serves up food, poop, orgies, satire — and soul

I counted only one audible fart in "Flux Gourmet," which seems a curious show of restraint for a movie in which sound and scatology play such important roles. A wondrously demented study in creative, sexual and gastrointestinal struggle, this latest art-horror-comedy whatsit from the Hungary-based English filmmaker Peter Strickland unfolds…

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