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The Latest Breaking News from Oil

Fuel, energy and eight other things rising in price as inflation hits 40-year high

ONS data measuring price indexes has shown that the cost of living crisis is almost at its peak

Chronicle Live

Libya Resumes Oil Exports from Es Sider Port

Libya resumed exporting crude oil from Es Sider port on Thursday, the oil ministry said on Thursday. Libya's Waha Oil Company resumed production at its fields with an initial capacity of 15,000 barrels per day, which is expected to reach 30,000 bpd by the end of the day, the ministry…

Asharq Al-Awsat

Just Stop Oil activists banned from football for Spurs v West Ham pitch invasion

Just Stop Oil protestors who invaded the pitch during a Premier League clash between Spurs and West Ham have been banned from football matches for the next three years.

Evening Standard

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read the most diverse news in one place.

Sky-high diesel prices squeeze truckers, farmers, consumers

High diesel prices are driving up the cost of everything, from groceries to Amazon orders and furniture

The Independent UK

Just Stop Oil demonstrators climb motorway signs in climate protest

One group of activists began climbing the gantries that support overhead motorway signs at junction 10 eastbound near Cobham, Surrey.

The Independent UK

The 10 items going up in price the fastest as inflation hits 40-year high

The cost of living crisis is hitting a peak as almost all prices measured by the ONS are going up - here are the goods that are costing you the most, from petrol to insurance

Daily Mirror

Saudi Arabia Leads Contract Awards in GCC

Saudi Arabia topped the GCC project awards, which improved during the year's second quarter despite global economic challenges caused by supply chain problems and higher oil prices primarily driven by the Russia-Ukraine conflict. Higher crude oil price was the most significant contributor to inflation numbers across countries, including in the…

Asharq Al-Awsat

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Saudi Oil Production Capacity at Highest Levels in Over 2 Years

Saudi Arabia's crude oil production grew to 10.538 million bpd in May, rising 0.9 percent from 10.441 million bpd in April.

Asharq Al-Awsat

Just Stop Oil: Eco activists blockade M25 as they declare it a ‘site of civil resistance’ after heatwave

Protesters block M25 in two locations including route to Heathrow Airport Terminal 5 and Dartford Crossing

Evening Standard

Vladimir Putin gets taste of his own medicine as he's kept waiting by President Erdogan

Ukrainians seized on Turkish President Recep Tayyip Erdoğan's 48-second snub of Vladimir Putin after he arrived in Iran yesterday - a power play often employed by Russia's tyrannical leader

Daily Mirror

Jay Ambrose: Biden fails, Iran awaits nuclear weaponry

OK, it’s happened, Iran says it can quickly build an atomic bomb if it wants, and thank you oh, so much ex-President Barack Obama for facilitating this achievement with a progressively inane deal throwing sanctions out the window while autocratically skipping a constitutionally required treaty process.

Tribune News Service

Editorial: Joe Manchin’s dangerous betrayal on climate change will weaken America

Climate change is stoking life-threatening heat and wildfires in Europe while tens of millions of Americans in the South, Southwest and Midwest broil under excessive heat this week. Much of California is under strict outdoor watering restrictions because of severe drought. But President Biden’s best hope for serious climate action…

Los Angeles Times

Saudi Arabia Says There Is a Lack of Refining Capacity in Market, Not Oil

Saudi Foreign Minister Prince Faisal bin Farhan stressed on Tuesday the Kingdom's commitment to the stability of energy markets. The Minister said Saudi Arabia is focused on maintaining the stability of oil markets through OPEC+, asserting that dialogue within the group is very active and responds to the requirements of…

Asharq Al-Awsat

Rupee falls 4 paise to 79.96 against U.S. dollar in early trade

Rupee touched the 80-mark briefly on July 18

The Hindu

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Bangkok Post

Murder suspect arrested in Songkhla

SONGKHLA: The prime suspect in the murder of one brother and wounding of another in Chumphon province four months ago was arrested at an oil palm plantation in Ranot district in this southern province on Wednesday.

Asharq Al-Awsat

Oil Prices Ease Ahead of US Inventory Data

Oil prices edged down on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in US crude inventories as product demand weakens. Brent crude prices for September fell 37 cents, or 0.3%, to $106.98 a barrel by 0340 GMT, while US West Texas Intermediate…

The Guardian - AU

Australian supermarket mayonnaises tasted and rated – plus what to cook with them

Not all mayonnaises are made equally. Rosheen Kaul puts 12 to the test, and shares mayo-based recipes for grilled chicken wings and green goddess slaw

The Independent UK

Putin warns EU that gas supplies could keep dwindling

Russian President Vladimir Putin says the flow of Russian natural gas to the European customers has dwindled due to the West’s own fault and warned that it could continue ebbing

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news in one place.

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Tribune News Service

Putin meets Raisi, Erdogan in Iran for talks overshadowed by war

The leaders of Iran, Russia and Turkey met in Tehran to discuss the conflict in Syria but with the turmoil caused by Russian President Vladimir Putin’s war in Ukraine far more in focus.

Benzinga

Nasdaq Rises More Than 300 Points; Crude Oil Moves Higher

U.S. stocks extended gains toward the end of trading, with the Nasdaq Composite gaining around 3% on Tuesday.

Reuters

Explainer: What Putin wants from Iran and why Tehran might be cautious

A budding courtship between Russia and Iran is an unwelcome development for the West that the United States will watch with concern, but it falls well short of a geopolitical game changer.

Al Jazeera

NATO would have eventually started Ukraine war: Khamenei to Putin

Meeting of Iranian, Russian leaders in Tehran came shortly ahead of trilateral summit with Turkey’s President Erdogan.

Salon

Biden mulls declaring climate emergency

"Biden needs to deploy every executive power," advocates say

StockNews.com

2 Energy Stocks Investors Should Pull the Trigger on Now

President Biden’s talk in the middle-east ended with no decision to raise OPEC+ oil output. Analysts believe that the oil demand-supply imbalance would keep prices up, and the proposed cap on Russian oil might raise them further. Hence, we think investors should scoop up energy stocks Adams Resources (AE) and…

The Conversation

How Canada's oilsands can help build better roads

The future seems bleak for Canada’s oilsands. But given the world’s ongoing need for smooth, safe roads, there is hope for the industry. Asphalt binder made from oilsands bitumen is the ideal glue to hold the world’s 40 million kilometres of roads together — and it can be done sustainably,…

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