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The Latest Breaking News from Oil

Government claims Rishi Sunak’s £1.9 billion subsidy for fossil fuels is ‘not technically a subsidy’

Government pledged to phase out fossil fuel subsidies at its own COP26 conference in Glasgow just months ago

The Independent UK

Drone crashes into Russian oil refinery in possible attack

Video shared on social media shows an explosion at the Novoshakhtinsk plant

The Guardian - UK

Jim Cramer Shares His Takes On Marathon Oil, T Rowe Price Group And More

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Marathon Oil Corp (NYSE: MRO) because he likes the oils. But he recommended not getting greedy.

Benzinga

From analysis to the latest developments in health,
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Borgen is back – what the series gets right (and wrong) about Danish politics

The political drama Borgen first aired in Denmark in 2010. It soon became clear that its creator, Adam Price, had an uncanny ability to predict and, at times, influence political events in the real Christiansborg Palace, the seat of Danish parliament. Borgen began with centrist politician Birgitte Nyborg becoming Denmark’s…

The Conversation

How to get rid of flies in the house: 8 effective methods we've tried that actually keep them away

Need to know how to get rid of flies in the house during the heatwave? Try these easy and harmless methods

Woman & Home

Morrisons, Tesco, Lidl, Waitrose, Co-op among supermarkets recalling food in latest product alerts

Check your cupboards for any of these products

Nottingham Post

Despite 8% Increase in Energy Investments, Rising Oil Prices Difficult To Tackle: IEA Report

According to the International Energy Agency report, the global energy investment is expected to swell to $2.4 trillion, up 8%, with the anticipat

Benzinga

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Menu planner: Bacon and beet hash is an excellent, low-cost dinner

Thinking ahead to your next few meals? Here are some main dishes and sides to try.

Chicago Sun-Times

Biden to call for 3-month suspension of gas and diesel taxes

President Joe Biden is preparing to call on Congress to suspend the federal gasoline and diesel taxes for three months

The Independent UK

Biden calls on Congress to suspend federal gas tax

A three-month suspension of the tax will cost the government approximately $10 billion.

Axios

Biden to call for three-month suspension of federal gas taxes - Roll Call

President Joe Biden on Wednesday will call on Congress to suspend federal gas taxes through September to help motorists.

Roll Call

Best essential oils for sleep to help you drift off peacefully

We asked aromatherapy experts for their insights on which scents will aid your slumber

Evening Standard

Consumer Confidential: The Getty oil fortune, a family scandal and an alleged multimillion-dollar tax scam

For all that we may be getting fed up with the hijinks of billionaires trying to use their fortunes to get their way in business and government, the lifestyles of the rich and famous still have the power to fascinate and shock.

Los Angeles Times

Ukrainian drone strikes major oil refinery inside Russia in fresh blow for Putin

Flames and a tower of black smoke can be seen billowing into the sky after an explosion close to the Novoshakhtinsk oil refinery in Russia's Rostov region

Daily Mirror

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Asharq Al-Awsat

TAQA, ADNOC, Mubadala Enter Binding Agreements for Acquisition of Masdar Stake

Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala, Emirates News Agency (WAM) reported Tuesday. This is a major milestone towards completing…

The Guardian - UK

Europe and UK pour 17,000 tons of cooking oil into vehicles a day

Analysis finds 58% of rapeseed oil in Europe is burned for fuel despite soaring prices and climate impact

Bangkok Post

Cabinet extends low-income aid

The cabinet on Tuesday approved extending the existing measures for three months devised to alleviate the hardship of low-income earners from the surge in oil prices.

Los Angeles Times

Gas prices are falling nationwide. Will California drivers see some relief?

The average national price of regular gas has slipped under $5, marking the first time the closely watched number has decreased in nine weeks, according to AAA.

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news in one place.

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The Independent UK

Biden, Chevron chief trade sharp words over gas prices

In a pointed back and forth, the head of Chevron has complained that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.”

The Texas Tribune

Four Texas Democrats in Congress warn Biden against restricting U.S. oil exports

It is the latest example of how Texas Democrats are on edge over the administration’s approach to high gas prices.

Salon

Zhoosh up your ice cream like an expert

You won’t need much more than pantry staples to do it

StockNews.com

4 Top-Rated Energy Stocks With Huge Momentum

Oil prices have been skyrocketing amid the global supply crunch and the heightened demand. With oil prices expected to remain elevated, top-rated energy stocks Western Midstream (WES), Birchcliff Energy (BIREF), PrimeEnergy Resources (PNRG), and TransGlobe (TGA), which have been soaring this year, might be ideal buys now. Read on.

Chicago Sun-Times

How Washington can help lower gas prices and save your summer vacation

President Biden and Congress should embrace all the tools at our disposal to lessen the impact of skyrocketing fuel costs on American families. Our refining capacity should be increased by reopening existing plants.

The Hindu

Oil palm mission: State that pioneered initiative still has potential to be country’s leader, say experts

Karnataka conceived the idea back in 1986 to cultivate oil palm particularly in irrigated regions

The National (Scotland)

Oil giant's sponsorship of Edinburgh Pride event sparks furious backlash

ONE of Scotland’s largest Pride events is battling fury from the LGBT community after it was revealed the bash was sponsored by a climate…

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