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The Latest Breaking News from Oil

Drug syndicate hid meth in Canadian maple syrup, canola oil bound for Down Under, authorities say

Authorities say a drug syndicate that tried to smuggle tons of methamphetamine from Canada to Australia and New Zealand by hiding it in shipments of maple syrup and canola oil has been busted

The Independent UK

GPSC, Meranti join forces on clean energy research

Global Power Synergy Plc (GPSC), the power generation arm of national oil and gas conglomerate PTT Plc, has joined hands with Singapore-based steel producer Meranti Steel Pte to jointly conduct a study on clean energy development for steel manufacturing in an effort to reduce carbon dioxide emissions.

Bangkok Post

Brooklyn Beckham divides viewers with fried chicken recipe that uses large quantity of ‘expensive’ oil

‘That’s at least $25 worth of avocado oil,’ one viewer claims

The Independent UK

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Crude Prices Fall on Ample U.S. Oil Supplies

July WTI crude oil (CLN23 ) on Wednesday closed down -1.15 (-1.66%), and July RBOB gasoline (RBN23 ) closed down -0.33 (-0.13%). Crude oil and gasoline prices Wednesday settled lower. Crude prices gave up an early advance and moved moderately lower after an unexpected build in weekly EIA crude inventories....

Barchart

US government toughens rules on chemicals used to break up oil slicks

Environmental activists sued EPA to update regulations, after thousands of people sickened from Deepwater Horizon cleanup

The Guardian - US

The Top 3 Shipping Stocks With Great Momentum

The demand for shipping services is expected to stay afloat on the backs of international trade. Therefore, investors could look to buy fundamentally strong shipping stocks Teekay Corp. (TK), Overseas Shipholding Group (OSG), and StealthGas Inc. (GASS), which are riding the tides of momentum. Continue reading….

StockNews.com

A necessary ‘sacrifice’: Nigeria ends almost 50 years of fuel subsidies

More than two weeks after announcing the end of fuel subsidies dating from the 1970s, Nigeria's new President Bola Tinubu called the move a necessary "sacrifice" and promised Nigerians "massive" investment in public services in return.

France 24

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Crude Prices Fall after Weekly EIA Crude Inventories Unexpectedly Climb

July WTI crude oil (CLN23 ) this morning is down -0.60 (-0.86%), and July RBOB gasoline (RBN23 ) is down -0.34 (-0.13%). July Nymex natural gas (NGN23 ) is up +0.003 (+0.09%). Crude oil and gasoline prices this morning are mixed. Crude prices gave up an early advance and moved...

Barchart

Brooklyn Beckham under fire AGAIN as fans slam him for 'out of touch' cooking video

Brooklyn Beckham shared a video promoting Chosen Foods avocado oil when he used a full bottle, which retails from between $15 and $20 (£12 - £16)

Daily Mirror

That’s brunch: Goan-inspired coconut and cabbage fritters

Fried to crispy perfection, these fritters make an excellent side dish or brunch served with poached eggs, says Katie Wright

The Independent UK

Germany coalition staves off implosion with 11th-hour heating law amendment

Environmental groups criticise revision of law that would have banned installation of gas and oil systems

The Guardian - UK

Peak in global oil demand ‘in sight before end of decade’

International Energy Agency says demand will grow by 2.4m barrels a day in 2023 to record 102.3m

The Guardian - UK

Shell ditches lower oil production target but insists it's committed to cutting emissions

Shell has effectively abandoned a plan to cut oil production by 1-2% per year until the end of the decade

The Independent UK

Sainsbury's cuts price of everyday essential product across all UK stores

The price of its two-pack Super Soft White Toilet Tissue Double Rolls has been reduced by 21p, from £1.90 to £1.69, while the four-pack version has been cut by 33p, from £3.25 now £2.92

Daily Mirror

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The Independent UK

Roasted grape, honey and feta crostinis are perfect dinner party canapes

These little bites of sweet and salty were inspired by Crystelle Pereira’s focaccia on Bake Off, and they go down a treat, says Katie Wright

The Guardian - UK

Shell drops target to cut oil production as CEO aims for higher profits

Wael Sawan prioritises shareholder payouts, setting out plan to keep oil production steady until 2030

The National (Scotland)

Warning to owners as dog dies after eating palm oil berg - what you need to know

This is everything dog owners should know about palm oil bergs as a dog dies after eating one on a beach

Bangkok Post

BAFS to construct new B1.2bn oil pipeline

Bangkok Aviation Fuel Services Plc (BAFS) plans to build a new oil pipeline to link networks together, in order to boost its trade in the northern region.

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The Independent UK

Oil producers say tech will soon handle climate-wrecking fumes. US envoy Kerry says be skeptical

U.S. climate envoy John Kerry is urging skepticism about claims that technological breakthroughs mean humans soon will be able to adequately capture the climate-wrecking fumes from burning fossil fuels

Bangkok Post

Ministry told to explore diesel tax cut extension

Prime Minister Prayut Chan-o-cha assigned the Finance Ministry and relevant agencies on Tuesday to study the possibility of extending the excise tax cut on diesel of 5 baht per litre, which is scheduled to end on July 20 this year.

Barchart

Crude Prices Finish Sharply Higher on Hopes for Additional China Stimulus

July WTI crude oil (CLN23 ) on Tuesday closed up +2.30 (+3.43%), and July RBOB gasoline (RBN23 ) closed up +7.53 (+3.03%). Crude oil and gasoline prices Tuesday rallied sharply. A slump in the dollar index Tuesday to a 3-week low was bullish for energy prices. Also, the outlook for...

StockNews.com

3 Energy Stocks With Enormous Growth Potential

As the stronger-than-expected rebound of the Chinese economy and tight supplies appear to be beneficial for the energy market, fundamentally strong energy stocks North American Construction Group (NOA), Ranger Energy Services (RNGR), and Graham Corp. (GHM) might be ideal additions for your portfolio, due to their high growth potential. Read…

Barchart

Crude Prices Jump on the Outlook for Additional China Stimulus

July WTI crude oil (CLN23 ) this morning is up +2.02 (+3.01%), and July RBOB gasoline (RBN23 ) is up +6.71 (+2.70%). July Nymex natural gas (NGN23 ) is up +0.072 (+3.18%). Crude oil and gasoline prices this morning are sharply higher. A slump in the dollar index today to...

Homes & Gardens

How to make mosquito repellent – pest control experts' favorite homemade recipes, without the chemicals

Pest control experts explain how to make your own mosquito repellent, for a quick natural solution to these irritating insects

Axios

Biden's climate policy makes the left sweat 2024

Climate voters may be less motivated to be engaged with the campaign or vote for Biden given his approval of fossil fuel projects.

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