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The Latest Breaking News from Oil

Sensex, Nifty drag to 52-week lows: 10 factors behind stock market fall

NEW DELHI: Equity indices slumped to fresh 52-week lows on Thursday as markets extended their losing streak to fifth straight session.

The Times of India

Husband dies after being cleared of burning wife alive with boiling fat at chippy

Geoffrey Bran was accused of killing his wife Mavis who was burnt alive by 160 degree oil at their village chip shop in Hermon, Wales, but her husband claimed she slipped

Daily Mirror

All you need to know about using red onion hair oil for hair

Haven't we all heard the hype about red onion oil for hair? It feels silly to use red onion on the hair, it is something we fondly eat in everyday meals. Apart from the strong smell and the flavour, red onions have many nutrients that are beneficial for her hair.

The Times of India

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Beef Wellington doesn’t have to cost the earth – feed four for £10 this Father’s Day

With some clever hacks involving sliced bread and oxtail soup, this recipe delivers a British staple for just £2.50 a head

The Independent UK

Data | India, China help lift Russia’s post-war crude oil exports

Only 1% of India’s crude oil imports came from Russia in the past five years

The Hindu

Jet fuel prices in India touch new record after 16% hike

The price of aviation turbine fuel (ATF) has been increased by ₹19,757.13 per kilolitre (16.26%) to ₹1,41,232.87 per kl (₹141.2 per litre) in Delhi

The Hindu

The man cleared of murdering his wife by throwing hot oil over her in the chip shop they ran together has died

Geoffrey Bran was found not guilty of killing his wife in Carmarthenshire in 2018

Wales Online

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How Wall Street is driving inflation

Deregulated Wall Street traders are driving price spikes on gas and food — but Biden could shut them down easily

Salon

Jeremy Corbyn unites with direct action group Just Stop Oil

Former Labour leader’s Peace and Justice Project to be part of new climate and social justice movement

The Guardian - UK

Oil Prices Move Higher on Tight Supplies, Firm Demand Outlook

Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a US rate hike sparked fears of slower economic growth and less fuel demand. Brent crude futures rose 77 cents, or 0.7%, to $119.28 a barrel by…

Asharq Al-Awsat

In energy-strapped Europe, coal gets an encore

Energy market turmoil caused by the war in Ukraine has triggered an increase in coal-fired electricity production in the European Union and a temporary slowdown in the closure of power plants long-earmarked for retirement

The Independent UK

Chennai: Man takes to robbery after big loss in business, held

CHENNAI: An oil shop owner who took to chain snatching after suffering a loss in the business was arrested at Ambattur on Tuesday. Police said Sasikumar, 41, of Korattur owned a shop selling oil and after he suffered a loss in the business due to the pandemic, he took to…

The Times of India

Ecuador indigenous leader freed from detention, vows protests will continue

Protests in Ecuador will continue until President Guillermo Lasso solves economic and environmentnal issues affecting the country, indigenous leader Leonidas Iza said on Wednesday after he was freed from detention on a judge's order.

Reuters

Lawsuits challenge Bay Area oil refineries’ switch to biofuels

With the planet warming at an unsustainable rate, two large Bay Area oil refineries are switching to liquid biofuels production — a seemingly cleaner alternative than fossil fuels. But those plans instead have run afoul of environmental groups that have filed lawsuits to bring the transition to a halt.

Tribune News Service

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Tribune News Service

Refiners led by Exxon face Biden’s wrath as profits explode

Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambastes the industry for closing plants.

Bangkok Post

Cooking gas price to rise slowly

The Energy Policy Administration Committee (Epac) has decided to have the price of liquefied petroleum gas (LPG), which is used as household cooking gas, gradually increase over the next three months.

The Hindu

Enough stocks available, say oil firms

Advise customers not to resort to panic buying

Reason

Instead of Helping Americans Battle Rising Prices, Biden Escalates 'Big Oil' Blame Game

Removing tariffs could save American households $800 this year. What is the White House waiting for?

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StockNews.com

Is Halliburton a Smart Oil & Gas Equipment & Services Stock to Invest In?

Oil and gas equipment company Halliburton (HAL) has been gaining significantly in price this year, driven by the rising oil and gas prices. However, given its poor top and bottom-line growth over the past few years, is HAL a buy now? Read on to find out.

The Conversation

High fossil fuel prices are good for the planet – here’s how to keep them high while avoiding riots or hurting the poor

In the UK, it now costs more than £100 to fill up a typical family car with petrol, and oil prices could rise even further. But are such high prices for fossil fuels a bad thing? While attention is focused on measures to tackle the global cost of living crisis,…

Tribune News Service

North Dakota oil production takes a big drop

Back-to-back blizzards in April led to one of the steepest ever monthly declines in North Dakota oil production.

The Times of India

Oil companies start night shifts at depots to keep petrol pumps full

NEW DELHI: The oil ministry on Wednesday said state-run fuel retailers have introduced night shifts at fuel depots for loading more tankers to speed up stock replenishment at petrol pumps, even as industry data showed petrol consumption spiking 54% and diesel nearly 48% in the first fortnight of June compared…

AAP

Artists criticise NT festival Santos links

Almost 200 artists have written an open letter demanding the Northern Territory's top arts festival reject oil and gas producer Santos as a major sponsor.

Benzinga

Stock Wars: Chevron Vs. ExxonMobil

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

Asharq Al-Awsat

Lebanon Extends Licensing Deadline for Gas Exploration

Lebanon’s caretaker energy minister on Wednesday extended the licensing deadline for oil and gas companies to explore in the country’s territorial waters until mid-December, to give more firms the chance to bid, state-run news agency reported. The decision by the minister, Walid Fayyad, to extended the deadline of the second…

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