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The Latest Breaking News from Oil

From gum trees to cities to sweeping deserts: how 125 years of the Wynne Prize traces Australia's shifting relationship to our landscape

It is fair to say that Richard Wynne, who died in 1895, would not recognise many recent entries in the art prize that he endowed with £1,000 to reward a “landscape painting of Australian scenery”.

The Conversation

Which Chinese Firms Face Delisting From US Stock Exchanges?

Geopolitical tensions between China and the US have escalated in recent years amid efforts by both countries to become the world’s economic powerhouse.

Benzinga

Heroes who will 'fight to the death' to save Amazon rainforest from oil giants

Oil companies have been trying to open an exploration site on Ecuador’s Pastaza river for over 20 years, but thanks to the strength of the people defending it, they have failed

Daily Mirror

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‘Lack of urgency’ from government on cost of living crisis, senior Tory MP says

PM refuses to be drawn on further action government could take

The Independent UK

Devastating images show oiling and mining projects chipping away at the Amazon

The final instalment of the NextGen International project reports from Ecuador's Amazon, working with young indigenous people who share inspiring stories on their fight

Daily Mirror

Bravery of young people who stood up to energy giants and saved Amazonian river

In the final part of the NextGen project, Alexis Grefa writes how he mobilised a youth campaign which stopped a hydroelectric company from installing a dam on a sacred river

Daily Mirror

Looney’s tune on windfall taxes is unpersuasive

The BP chief executive calls the proposed levy ‘unpredictable’ but it is also thoroughly affordable

The Guardian - UK

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The Guardian view on carbon bombs: governments must say no

Editorial: Oil companies and petrostates are investing heavily in fossil fuels, in defiance of global targets. They must be stopped

The Guardian - UK

Iran Raises Prices of Food Staples, Stirring Panic

Iran abruptly raised prices as much as 300% for a variety of staples such as cooking oil, chicken, eggs and milk on Thursday. Scores of alarmed Iranians waited in long lines to snatch up bundles of food and emptied supermarket shelves across the country in the hours before the price…

Asharq Al-Awsat

Iran raises prices of food staples, stirring panic and anger

Iran has abruptly raised prices as much as 300% for a variety of staples like oil, chicken, milk and eggs

The Independent UK

RBC Capital Ticks Up Imperial Oil Price Target By 1.5%

Imperial Oil Ltd (TSX:IMO) (NYSE:IMO) price target has been raised to C$66 from C$65 by RBC Capital analyst Greg Pardy while maintaining the Outperform rating on the shares. The analyst states that the bullish stance toward Imperial Oil reflects its capable leadership team, favorable long-term operating outlook, strong balance sheet, and commitment to shareholder returns.…

Benzinga

Ujjwala scheme | 90 lakh beneficiaries do not get refills

Over 1 crore got refills only once, shows RTI reply

The Hindu

Biden just canceled plans to open up massive new oil drilling operations

A small win for the environment.

Mic

Namibia launches sovereign wealth fund following oil discoveries

There have been two major oil finds in the southern African country this year.

Al Jazeera

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The Guardian - UK

A windfall tax on North Sea oil and gas: what have ministers said so far?

Despite Labour’s idea being criticised as ‘disastrous’, Rishi Sunak has said nothing is off the table

Chronicle Live

Darlington father and daughter in court after major diesel fire at business led to evacuation of homes

Seven properties remained empty for six months due to diesel contamination, odour, and water run-off following the fire

WEKU

One man stands between Europe and a ban on Russian oil: Hungary's Viktor Orban

The move has to be adopted unanimously, and Hungary — with a state oil company dependent on Russian imports and a populist leader friendlier toward Putin than most — has refused to go along.

StockNews.com

4 Buy-Rated Stocks Under $10 to Add to Your Watchlist

Concerns over heightened inflation, the Fed’s tighter monetary policy, deepening supply chain constraints amid the Russia-Ukraine war, and extended lockdown measures in Chinese cities are expected to keep the stock market under pressure for an extended period. So, amid the current risk-off environment, we think it could be wise to…

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news in one place.

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The Independent UK

Biden cancels offshore oil lease sales in Gulf Coast, Alaska

The Biden administration says it is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska

The Guardian - UK

What’s wrong with orange juice on cereal?

Brief letters: Strange food habits | Dogs and vegan diets | Cod liver oil

Benzinga

Data Is The New Oil? Not Yet! Saudi Aramco Surpasses Apple To Become Most Valuable Company

Saudi Aramco has beaten Apple Inc (NASDAQ: AAPL) to become the most valuable company,

The Guardian - UK

Saudi Aramco overtakes Apple as world’s most valuable company

Soaring commodity prices swell oil giant’s profits as tech stock slide pegs back iPhone maker

The Guardian - UK

Rishi Sunak: windfall tax an option if oil firms fail to invest in UK

Chancellor says he is ‘pragmatic’ about introducing a levy on energy companies to ease cost of living crisis

The Hindu

Data | Hitting record lows: What is driving the rupee’s fall?

Foreign outflows and elevated oil prices are the two factors that have accelerated the rupee’s fall

France 24

Russian blockade of Ukraine's ports puts global food supply at risk

The Russian blockade of Ukraine’s Black Sea ports risks causing a global food crisis, given that Ukraine is one of the world’s top agricultural exporters. Analysts say this shows how Russia is weaponising food in its geopolitical games – but it’s a weapon the EU plans to neutralise by creating…

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