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The Latest Breaking News from Oil

Stock Index Futures Slip on Worries About Economic Slowdown, Interest Rate Outlook

September S&P 500 futures (ESU23) are down -0.23%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.37% this morning as investors worried that higher oil prices might lead to increased inflation and potentially hinder the outlook for global economic growth.

Barchart

FTSE 100 Live: Darktrace cuts earnings outlook, Barratt Developments results, oil near $90, shares fall

The UK’s average house price fell by 1.9% in August, the largest monthly fall recorded by lender Halifax since November.

Evening Standard

Stock market today: Asian markets are mostly lower as oil prices push higher

Shares are mostly lower in Asia after a decline on Wall Street as traders returned from a long holiday weekend

The Independent UK

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UK ‘must become irresistible place to do energy business’

The Offshore Energies UK report said the sum is also needed to install all the renewable infrastructure required to get the UK to net zero by 2050.

The Independent UK

Crude Rallies as Saudi Arabia and Russia Extend Crude Production Cuts

October WTI crude oil (CLV23 ) Tuesday closed up +1.14 (+1.33%), and Oct RBOB gasoline (RBV23 ) closed down -1.06 (-0.41%). Crude oil and gasoline prices Tuesday settled mixed, with crude climbing to a 9-1/2 month high. The main bullish factor Tuesday was the announcement by Saudi Arabia and Russia...

Barchart

3 Dividend Energy Stocks with Significant Upside Potential

As oil prices surge to 10-month highs on the latest round of supply cuts, here's a look at three stocks from the energy sector with solid quarterly payouts and bullish forecasts from analysts.

Barchart

The implications of the expansion of BRICS

With its proposed expansion, BRICS could mark a turning point in modern history

The Hindu

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After a Century, Oil and Gas Problems Persist on Navajo Lands

The legacy of fossil fuel development endures in leaks, spills and neglect.

Capital & Main

Petrol prices expected to rise as oil cost climbs above $90 a barrel

Motorists could be hardest hit after Russia and Saudi Arabia extend cuts to supplies

The Guardian - UK

What is ‘skimpflation’ and how is it different from ‘shrinkflation’?

Skimpflation and shrinkflation seem to be on the rise as supermarkets have been quietly reducing the quality of products

Evening Standard

Crude Prices Jump as Saudi Arabia and Russia Prolong Crude Production Cuts

October WTI crude oil (CLV23 ) this morning is up +2.18 (+2.55%), and Oct RBOB gasoline (RBV23 ) is up +5.96 (+2.33%). Crude oil prices this morning are rallying, with crude climbing to a 9-1/2 month high and gasoline posting a 1-week high. The main bullish factor today was the...

Barchart

Farmers’ collective launch new brand

Kannadi Karshaka Kootayma launches three varieties of herb-infused virgin coconut oil under the brand name Kannadi.

The Hindu

Swedish oil executives face historic trial over Sudan war crimes

The long-awaited trial of two former Swedish oil executives accused of complicity in war crimes in present day South Sudan began on Tuesday in Stockholm.

Radio France Internationale

Surplus of garden tomatoes? Try them in this arugula and orzo salad

Serve the salad slightly warm or at room temperature. You can cook the orzo in advance and refrigerate until assembling the salad.

Chicago Sun-Times

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The Independent UK

Saudi Arabia, Russia plan to extend 1.3 million barrel a day oil cut through the end of the year

Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of the year

Salon

Extreme heat is coming for olive oil

"People are like, 'I want to protect the environment.' And I'm like, 'You should plant an olive tree.'"

The Independent UK

Three ways to pimp up university student classics

Cooking for yourself at university needn’t be daunting. Hannah Twiggs takes the stress out of dinnertime with three ways to level up storecupboard ingredients

StockNews.com

Guide to 3 Buy-Rated Energy Stocks

Record-high demand for crude oil and tight supplies amid extended oil output cuts will likely push energy prices higher, driving the energy sector’s growth prospects. Given favorable conditions in the oil and gas market, fundamentally sound energy stocks Equinor (EQNR), Inpex (IPXHY), and YRF Sociedad (YPF) could be ideal buys…

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The Guardian - UK

Under the Waves review – a glitchy, but captivating underwater expedition

Playing a professional diver maintaining undersea oil pipes may sound like an odd premise for a game, but it’s so peaceful down there

The Guardian - US

Texas fracking billionaire brothers fuel rightwing media with millions of dollars

Farris and Dan Wilks’ deep pockets fund climate denialism education, conservative politicians and pro-fossil fuel projects

The Independent UK

Trial starts in Sweden of 2 oil executives accused of complicity in war crimes in Sudan

A trial has started in Stockholm of two executives of a Swedish oil exploration and production company accused of complicity in war crimes in Sudan 20 years ago by securing the company’s oil operations in the African nation

Bangkok Post

Oil slick threatens Bang Saen

The oil slick from Thai Oil's ruptured offshore pipeline will not reach Pattaya but may affect Koh Si Chang and Bang Saen beach, according to the provincial governor.

The Guardian - UK

Tory tussles over energy bill put progress on net zero at risk

The party’s clashing factions table series of amendments supporting and opposing renewables development

The Independent UK

Chris Packham climate change protest: TV presenter leads scientists in Westminister demonstration

Mr Packham joined scientists in calling on the government to stop issuing future oil and gas drilling licences

The Independent UK

Chris Packham leads scientists in oil and gas licence protest in Westminster

The group gathered outside the Houses of Parliament to greet MPs and demand that they stop sanctioning future licences for oil and gas.

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