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The Latest Breaking News from Oil

Why are petrol prices are so high, as filling up could cost Brits £100 a tank

British motorists can expect even bigger holes in their pockets as petrol prices hit all-time highs. The cost of living crisis is getting worse, and the latest news on oil won't help

Daily Mirror

Why fuel is so expensive right now as cost jumps yet again

The crisis is showing no signs of slowing down

Daily Record

Asda hikes petrol prices 5p a litre in just ONE day as fuel nears £100 a tank

The soaring cost of petrol means filling up the typical family car is now nearly £100, with diesel drivers already paying above this figure for a full tank of fuel

Daily Mirror

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Drivers' horror as petrol soars to over £2 a litre at Washington service station on A1(M)

Motorists can expect to pay £2.02 or £2.04 per litre for petrol or diesel at the Washington Services on the A1

Chronicle Live

World Ocean Day - 5 of the worst threats to the oceans from plastic to noise

We all know how important oceans are for all life on Earth. Despite being one of the most valuable natural resources, oceans face several threats

Daily Mirror

Oil prices surge higher as OPEC boss warns they are “nowhere near” the peak

Drivers braced for the £100 tank of petrol as oil price continues to rise

Evening Standard

Executives Sell More Than $61M Of 4 Stocks

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

Benzinga

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RBI governor Shaktikanta Das bats for cut in state taxes on petrol, diesel

NEW DELHI: Lending support to the Union government's pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said a cut in VAT on fuel will help soften inflationary pressures as well as expectations.

The Times of India

RBI Governor bats for cut in State taxes on petrol, diesel

The central government had on May 21 cut excise duty on petrol by a record ₹8 per litre and that on diesel by ₹6 to give relief to consumers battered by high fuel prices

The Hindu

Analysis: Colombia's extractive industries watching election warily

Colombia's leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia's economy and energy self-sufficiency, high-ranking industry figures and business associations said.

Reuters

2,000 gallons of vegetable oil floods onto road

The road has been shut for two days after a "large quantity" of cooking oil was spilt

Liverpool Echo

Oman Denies Claims about Negotiations with Iran Over Stakes in Hengam Gas Field

The Omani Ministry of Energy and Minerals stressed that it had not recently participated in any technical discussions or commercial negotiations related to the joint offshore oil field with Iran. Oman denied recent reports by Iranian media about a bilateral agreement over the Hengam gas field, and Tehran’s acquisition of…

Asharq Al-Awsat

Lebanon-Israel maritime border row: Energy development triggers new regional tensions

An ongoing maritime dispute between Lebanon and Israel has re-entered the spotlight after a production vessel docked in an offshore gas field on Sunday. The Lebanese claim the ship is in disputed territorial waters, but the Israelis refute this. Both countries have yet to agree on maritime demarcation lines and…

France 24

Commentary: Give drivers a gas tax holiday. Tax windfall profits from oil companies instead

At the gas station near my home in Burbank, California, gas prices last week were an astronomical $6.50 per gallon, much higher than the nationwide average of $4.67, and just above the statewide average of $6.19 per gallon. Filling up the tank can cost a shocking $100. Working families cannot…

Los Angeles Times

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Tribune News Service

Editorial: Don’t go to Saudi Arabia, President Biden

Last week’s news that the European Union has reached an agreement to sharply curtail the purchase of Russian oil is a welcome development that signals the continent is not only united against the genocidal attack on Ukraine but that its political leaders are prepared to make hard choices in response.

The Independent UK

Three outdoor recipes to help you reconnect with nature

Go back to basics with these primal recipes from Gill Meller’s new cookbook, says Prudence Wade

The Guardian - UK

‘Gold rush’ for gas production threatens to lock in global heating

New dash for gas driven by energy disruption and rising prices spurns warnings to cease exploration to meet 1.5 heating limit

Wales Online

Simple pasta recipe perfect for summer events

Barilla has teamed up with Michela Chiappa

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The Guardian - UK

Petrol prices post biggest daily jump in 17 years as cost of tankload nears £100 – as it happened

UK house price growth slowest since start of the year; Wizz Air boss says air fares to rise almost 10%, while Heathrow CEO warns airport disruption could last 12-18 months

The Guardian - UK

Government failure to boost energy efficiency ‘inexplicable’, says IEA

Saving energy is ‘utterly essential’ to cut bills, end reliance on Russian oil and gas and slash emissions says agency

The Conversation

Do people drive differently in the rain? Here's what the research says

Driving in the rain can be demanding. It gets harder to see, sudden stopping is difficult, and rain can cause a car to lose grip when braking. Rain after a dry spell can cause grease and oil build-up on roads to become slippery.

Sports Illustrated

WNBA Commissioner Says 'We Need to Get a Deal Done' for Griner

Cathy Engelbert is ready to get the Mercury star back on U.S. soil.

Bangkok Post

Saudi is swinging again, but for how long?

Fluctuating Chinese demand has contributed to this year’s volatility in international oil prices. But the latest evolution on the supply side will have immediate geopolitical and financial implications that go well beyond the oil market. Specifically, Saudi Arabia has returned as the most important swing producer and thus the most…

The Conversation

Ways of Seeing at 50: an icy blast of a book about male voyeurism, art, capitalism and so much more

I still remember the shock when I first saw John Berger’s television series, Ways of Seeing, in 1972. In the years before Australia had colour television BBC art programs were often screened at the Art Gallery of NSW. (Previously the same venue had shown Kenneth Clark’s Civilisation).

StockNews.com

Better Buy: ConocoPhillips vs. Chevron

OPEC+’s decision to hike oil output is not expected to ease the global supply crunch immediately and bring down prices. As the worldwide demand strengthens with the lifting of China’s lockdowns and countries’ increased focus on ensuring domestic availability, companies engaged in the upstream activities should benefit. Therefore, prominent energy…

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