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The Latest Breaking News from Oil

Brazil auctions off several Amazon oil sites despite environmentalists and Indigenous protests

Brazil has auctioned off several land and offshore potential oil sites near the Amazon River, aiming to expand production in untapped regions despite protests from environmental and Indigenous groups

The Independent UK

Ethereum critics say it has failed—but boosters say cryptocurrency has become ‘digital oil’

The second largest cryptocurrency has lagged behind Bitcoin in price and is still about 50% below all-time highs in 2021.

Fortune

Brazil Sells Exploration Rights To Oil Blocks Near Amazon River Mouth

Brazil sold exploration rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at the start of an auction slammed by environmentalists months before the country is to host the COP30 climate summit.

International Business Times

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Oil and gas firm fined £300k after 'terrifying incident' on North Sea rig

An oil and gas operator has been fined £300,000 following a “terrifying incident” on a North Sea rig that saw three workers lowered into a…

The National (Scotland)

EU's REPowerEU Plan Aims to Eliminate Russian Gas and Oil Imports by 2028

Despite opposition from some member states, including Hungary and Slovakia, the European Commission intends to adopt the regulation via qualified majority voting, bypassing the need for unanimous approval.

International Business Times

UK pushes for lower Russian oil cap as PM denies coalition of the willing is dead

The Prime Minister said he ‘strongly’ believes that restrictions on the price of Russian crude oil should be increased.

Evening Standard

Crude Prices Climb as Prospects Dim for an Early End to Israel-Iran War

July WTI crude oil (CLN25 ) today is up +1.88 (+2.62%), and July RBOB gasoline (RBN25 ) is up +0.0286 (+1.29%). Crude oil prices are sharply higher today on the increase in Middle East tensions after President Trump downplayed the prospects for an early end to the Israel-Iran war. Today's...

Barchart

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Can Brent Crude Take Out $75 as Iran-Israel Conflict Drives Global Oil Prices?

Technical traders should watch this key chart level for crude oil as the commodity responds to geopolitical headlines.

Barchart

G20 countries could produce enough renewable energy for the whole world – what needs to happen

The world’s most developed economies have also burnt the most oil and coal (fossil fuels) over the years, causing the most climate change damage. Preventing further climate change means a global fossil fuel phase-out must happen by 2050. Climate change mitigation scientists Sven Teske and Saori Miyake analysed the potential…

The Conversation

8 Reason Men Should Get Facials

Men’s skincare is no longer just a trend—it’s a smart investment in your health and confidence. While many guys stick to the basics, facials offer benefits that go far beyond what you can achieve with soap and water. If you think facials are just for women or that they’re an…

Clever Dude

Southwest Airlines: Short Interest Plunges—Should You Buy?

A recent geopolitical shock has sent oil prices higher unexpectedly, which might usually make investors avoid airline stocks altogether.

MarketBeat

European Commission proposes new measures to phase out Russian oil and gas

The European Commission proposed a new law outlining deadlines and strategies for phasing out Russian oil and gas, excluding nuclear energy, which will be addressed separately.

Euronews

Mapping Iran’s oil and gas sites and those attacked by Israel

Iran is a top 10 oil and gas producer, making its energy sites crucial to both regional and global markets.

Al Jazeera

10 Clues Your Mechanic Might Be Lying to You

You bring your car in for a routine oil change and somehow leave with a $1,200 bill. Sound familiar? If so, you’re not alone. Auto shops thrive on the fact that most drivers don’t fully understand what’s going on under the hood. And while many mechanics are honest, there’s a…

Clever Dude

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The Independent UK

Starmer tightens screws on Putin as he announces raft of fresh sanctions against Russia

Keir Starmer said his sanctions would choke off Putin’s ability to continue his war

Euronews

US action against Iran would fuel 'broader conflict' in the Middle East, Kallas warns

Kaja Kallas has spoken against the idea of the United States direct involvement in the military escalation between Israel and Iran.

The Independent UK

Ouai’s haircare products deliver ‘unrivalled shine’ – and my favourites are reduced

From the detox shampoo to the hair oil, I tested the brand’s bestsellers

International Business Times

Global Oil Demand To Dip In 2030, First Drop Since Covid: IEA

Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday.

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The Guardian - UK

What’s the secret to really crisp tofu?

Give it a squish to remove the moisture, then hard-fry in a robust coating – these are among the solutions our expert culinary panel suggests to achieving addictively crisp tofu

Euronews

Gloomy trading in the European markets as oil keeps climbing

Shares slide and crude oil prices bounce higher as Israel warns people in Iran's capital to evacuate.

Fortune

Stocks are having a good war but the dollar is not

Here’s a snapshot of the action this morning prior to the opening bell in New York.

Euronews

German economic morale soars in June: 'Confidence is picking up'

Germany’s economic sentiment soared to 47.5 in June, its highest since March, driven by stronger demand and policy support. But European stocks fell as Israel-Iran tensions escalated, oil prices rose, and investors awaited the Fed’s policy decision.

Radio France Internationale

What impact could the Iran-Israel conflict have on the African continent?

The Middle East is bracing for another protracted conflict after Israel's surprise bombardment on Friday of Iranian nuclear and military sites killed several of the country's top generals and nuclear scientists. Iran has responded with strikes on Israel. As the situation escalates, there are concerns about the global impact. RFI…

The Independent UK

Best omega-3 supplements to introduce into your diet, according to experts

These supplements have the power to improve brain, eye and heart health while boosting your overall wellbeing

The Guardian - UK

Trump claims EU is not offering a fair trade deal; Reeves pitches UK as ‘oasis of stability’; oil climbs as shares fall – as it happened

Rolling coverage of the latest economic and financial news

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