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The Latest Breaking News from Oil

Shell accused of ‘profiteering bonanza’ after record first-quarter profits of $9.6bn

Figure easily beats predictions and comes despite fall in oil and gas price

The Guardian - UK

Developer plans North Sea wind turbine network to provide power for oil rigs

Cerulean Winds says the plan could become one of the UK’s largest infrastructure projects, worth about £20bn

Insider UK

Fire Extinguished at Russian Oil Refinery after Drone Attack

A drone attack set ablaze parts of an oil products reservoir at a refinery in southern Russia, but emergency services said they extinguished the fire just over two hours later, TASS news agency reported early on Thursday. TASS said the incident occurred at the Ilsky refinery near the Black Sea…

Asharq Al-Awsat

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Owner of 'world's most expensive house' says it's a death trap

It "relies on obscene amounts of oil" and is in need of serious investment

Bristol Post

Fire extinguished at Russian oil refinery after drone attack - TASS

A drone attack set ablaze product storage facilities at one of the largest oil refineries in southern Russia, but emergency services extinguished the fire just over two hours later, and the plant was working normally, TASS news agency reported.

Reuters

US denies involvement in Kremlin drone attack and says Moscow lacks strength to mount large attacks – as it happened

After Moscow accuses US of being behind Kremlin drone attack, White House says: ‘We had nothing to do with this’

The Guardian - AU

Buru Energy investigates potential for floating liquefied natural gas facility in the Kimberley

A decade after conflict at James Price Point prompted Woodside to abandon its gas hub plans for the region, another energy giant is looking at establishing a floating LNG facility off the coast.

ABC News

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Senate to vote on solar tariffs, prairie bird protections

The Senate is expected to approve a measure Wednesday that would reinstate tariffs on solar panel imports from several Southeast Asian countries after President Joe Biden paused them in a bid to boost solar installations in the U.S. Lawmakers also will vote late Wednesday on a separate plan to undo…

The Independent UK

Just Stop Oil protester defies new laws - and is immediately arrested in Parliament Square

A 55-strong group of climate activists were conducting a slow march through Westminster in London before the police imposed a Section 12 Order ordering them to protest on the pavement, not the road

Daily Mirror

PTTEP set to miss sales target

PTT Exploration and Production (PTTEP) expects its oil and gas sales in 2023 to tally 456 kilo-barrels of oil equivalent per day (KBOED), down from a target of 470 KBOED, because of various factors including a production decrease at some petroleum sites.

Bangkok Post

Venezuela Oil Corruption Massive Scandal Prompts Rare Resignation Of Oil Minister

Due to a widespread corruption scandal involving the national oil corporation, Venezuela's former oil minister resigns.

Zenger

Crude Prices Sharply Lower on Global Economic Concerns

June WTI crude oil (CLM23 ) on Wednesday closed down -3.06 (-4.27%), and June RBOB gasoline (RBM23 ) closed down -11.36 (-4.66%). Crude oil and gasoline prices Wednesday fell sharply for a second session, with crude posting a 5-week low and gasoline posting a 2-1/4 month low. Crude prices are...

Barchart

Alberta election: Is the province's energy regulator acting in the public interest?

Alberta’s claims that it’s a responsible energy producer are increasingly ringing hollow.

The Conversation

The supermarket staples that have soared in price this year - from cheese, milk and eggs to lemonade and chicken nuggets

Cucumber and olive oil have seen the biggest price increases

Manchester Evening News

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Wales Online

Food and drink prices soar in supermarkets and takeaways

It's bad news if you like cucumbers, olive oil, hard cheese or popping out for fish and chips

Reuters

Greece warned shipowners days before Iran seized tankers - sources

Greece issued a series of warnings to shipowners to avoid sailing close to Iranian waters days before Tehran seized two tankers amid heightening tensions in the region, according to documents and industry sources.

StockNews.com

The Great Rotation: 3 Value Stocks to Buy in May 2023

As periods of economic turmoil bode relatively well for the value stocks, it could be wise to invest in shares of Group 1 Automotive (GPI), Golden Agri-Resources (GARPY), and Friedman Industries (FRD) that are trading at discounted prices and offer stable returns. Continue reading….

Al Jazeera

Syria and Iran leaders sign long-term oil, trade agreements

The agreements were signed in Damascus to bolster economic ties between war-torn Syria and longtime ally Iran.

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Barchart

Crude Prices Sink on the Outlook for Weaker Global Energy Demand

June WTI crude oil (CLM23 ) this morning is down -2.87 (-4.01%), and June RBOB gasoline (RBM23 ) is down -10.73 (-4.41%). June Nymex natural gas (NGM23 ) is down -0.105 (-4.74%). Crude oil and gasoline prices this morning are falling sharply for a second session, with crude posting a...

Barchart

Is Now a Good Time to Scoop Up Shares of Exxon Mobil?

Shares of Exxon Mobil has dropped more than 5% in the past week, due to falling oil prices. Now could be a good time to scoop up shares of the massive oil and gas company.

Capital & Main

Double Threat: The Greenhouse Gases That Are Also Poisoning You Now

Diesel exhaust and emissions from plastic production warm the planet over time, while immediately threatening those who inhale their toxic fumes.

Asharq Al-Awsat

Sudani Stresses Iraq’s Readiness to Support its Economic Partners

Iraqi Prime Minister Mohammed Shia Al-Sudani met on Tuesday with representatives from various foreign international oil companies to discuss progress in the oil investment sector and the development of partnerships between Iraq and major international players. During the meeting, the Prime Minister was briefed on the progress of work in…

The Hindu

Trio caught selling hash oil at Silk Board junction

The Madivala police on Sunday busted an inter-State drug racket and arrested three people selling hashish oil at the busy Silk Board Junction on Sunday.

The Conversation

Climate change protest: a single radical gets more media coverage than thousands of marchers

Gil Scott Heron argued that the Revolution Will Not Be Televised. Yet recently in the UK that statement is being challenged by disruptive environmental protesters unexpectedly gatecrashing live sporting broadcasts.

Daily Record

Boots beauty fans rave £2.50 face oil they say is 'perfect' and 'moisturising'

Beauty shoppers haven taken to the online review section to share their thoughts and experience using the facial oil.

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