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The Latest Breaking News from Oil

Oil Prices Slump to Lowest Since Before Ukraine Invasion

Global oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of Ukraine as traders fretted over the possibility of an economic recession later this year that could torpedo energy demand. Benchmark Brent crude futures dropped more than 3% to $93.81 a barrel after touching a…

Asharq Al-Awsat

Are These Two Stocks Worth Buying After Oil Prices

Oil prices dropped on the news of growing U.S. stockpiles and OPEC raising supply. However, a ban on Russian oil amid robust demand might cause oil prices to hit significant highs soon. So, should you invest in energy stocks Occidental Petroleum (OXY) and Devon Energy (DVN) now? Read on to…

StockNews.com

Sorry! Diesel Prices Are Likely To Climb Again Soon

For today's MODES, I called up FreightWaves Editor-at-Large John Kingston to find out what the heck is happening with diesel prices recently. I learned a lot, but the most important takeaway was the World Oil Market Waterbed Theory. This conversation was lightly edited and condensed for clarity.

Benzinga

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G2 Energy Provides Oil and Gas Production Update on Masten Unit Operations

Vancouver, B.C. - TheNewswire - August 4th, 2022 - G2 Energy Corp. (CSE:GTOO), (CSE:GTOO), ((, (FKN:UD9) (the "Company" or "G2") is pleased to provide an operational update on its wholly owned Masten Unit ("Masten").

Benzinga

Nasdaq Edges Higher; Crude Oil Falls Sharply

U.S. stocks pared some losses midway through trading, with the Nasdaq Composite turning higher on Thursday.

Benzinga

Russian court jails Griner for nine years; US calls for release

Joe Biden calls the sentence against the WNBA star, who was arrested at a Moscow airport in February, ‘unacceptable’.

Al Jazeera

Agriculture Minister launches cultivation of Malaysian oil palm variety in Andhra Pradesh

3F OIl Palm Privat Limited to invest ₹30 crore to promote the variety

The Hindu

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Kim Kardashian's favourite skincare product is on sale at Amazon

Now with 25% off, the Kim Kardashian-approved Bio Oil has over 19,00 five-star ratings on Amazon

Daily Mirror

Benzinga Before The Bell: Robinhood Denies Merger Buzz, Alibaba's Q1 Cloud Growth, Oil Price Rebound And Other Top Financial Stories Thursday, August 4

Reuters Airbus Cancels A350 Aircraft Contract With Qatar Airways

Benzinga

Inflation rates are rising in the US – an economist explains why

Consumer prices in the U.S. are rising due to inflation at the fastest rate they have in decades. Earlier this summer, SciLine interviewed Martha Olney, a teaching professor emerita of economics at the University of California, Berkeley, about what’s causing prices to rise and what the government can do to…

The Conversation

Who benefits from renewable energy subsidies? In Texas, it's often fossil fuel companies that are fighting clean energy elsewhere

Texas is known for fiercely promoting its oil and gas industries, but it’s also the No. 2 renewable energy producer in the country after California. In fact, more than a quarter of all the wind power produced in the United States in 2021 was generated in Texas.

The Conversation

Saudi Arabia raises oil prices for Asia to record levels

Saudi Arabia raised oil prices for buyers in Asia to record levels, a sign the world’s largest exporter sees the region’s market remaining tight.

Bangkok Post

‘Waste of money’: Motorists short-changed as petrol tax cut helps retailers fatten profits

A fuel tax holiday designed to ease record high petrol prices has failed to deliver for many motorists, according to new analysis.

The New Daily

3 easy camping recipes to make on your next staycation

What do you cook when you’re living out of a renovated van without a proper kitchen? This cookbook has the answer, says Hannah Twiggs

The Independent UK

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Salon

UN head calls for taxing Big Oil profits

António Guterres says Big Oil's "immoral" profits should be taxed heavily to "support the most vulnerable"

Asharq Al-Awsat

Aramco, Sinopec Sign New MoU

Aramco and China's oil refiner Sinopec signed a Memorandum of Understanding on Wednesday in Riyadh for multiple potential collaborations in Saudi Arabia. The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and…

Asharq Al-Awsat

OPEC+ Agrees to Boost Oil Output by 100,000 Barrels Per Day

OPEC+ is set to raise its oil output goal by 100,000 barrels starting September. OPEC and its allies had been increasing production by about 430,000-650,000 bpd a month. They had, however, struggled to meet full targets as most members have exhausted their output potential following years of under-investment in new…

The Guardian - UK

Grill your greens! Great ways to barbecue veg, from smoky sweetcorn ribs to moreish mushroom burgers

Meat doesn’t have to be the main event. Britain’s most inventive chefs offer their tips on how to char up a storm with courgettes, cabbage, aubergines and more

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WEKU

Closing arguments are set to begin Thursday in Brittney Griner's drug case in Russia

Given that Russian courts rarely acquit defendants and Griner has acknowledged that there were vape canisters with cannabis oil in her luggage, judges have considerable latitude on sentencing.

Birmingham Post

The Welsh tech firm that measures greenhouse gas emissions boosted with £12m investment

Cardiff-based QLM Technology has also entered into a collaboration agreement with US tech firm Schlumberger

Bangkok Post

Inclusive Growth Days empowered by OR

PTT Oil and Retail Business PCL (OR) organised its inaugural “Inclusive Growth Days Empowered by OR” on 22-24 July 2022, at Bangkok Convention Centre, CentralWorld. The event showcased the novel directions of the company’s business practices, steering away from traditional values of profit, product sales, and shareholder returns, toward more…

Irish Mirror

Dad shares top tips after saving money on fuel and heating oil

Damian McVeigh, a Quantity surveyor, got into stock market tracking during the Covid pandemic. From there, he has been focussing on the price of oil and other general commodities.

Asharq Al-Awsat

Oil Prices Edge Up on Supply Concerns after Drop to Near 6-Month Low

Oil prices rose on Thursday as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after US data signaled weak fuel demand. Brent crude futures rose 10 cents, or 0.1%, at $96.88 a barrel at 0653 GMT, while West Texas Intermediate (WTI) crude futures was last…

The Conversation

Don't fall for the snake oil claims of 'structured water'. A chemist explains why it's nonsense

Is there a “fourth phase of water”? From time to time you might see people talking up the health benefits of so-called hexagonal water, or structured water, or exclusion-zone (EZ) water.

The Independent UK

UN chief criticizes `grotesque greed' of oil companies

The United Nations chief is sharply criticizing the “grotesque greed” of oil and gas companies for making record profits from the energy crisis on the back of the world’s poorest people

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