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The Latest Breaking News from Oil

Europe at risk of recession amid concerns Russia could cut gas supplies

Energy prices had already surged in second half of 2021 but Russia’s invasion of Ukraine has exacerbated this

The Guardian - UK

Asian shares mixed, oil steady ahead of July 4 holiday in US

Shares are mixed in Asia while U.S. futures fell ahead of the July 4 holiday in the U.S. Benchmarks rose in Tokyo, Shanghai and Sydney but fell in Hong Kong and Seoul

The Independent UK

Explained: Govt can garner Rs 1 lakh crore from duties, cess on petroleum products

NEW DELHI: The government could garner over Rs 1 lakh crore if it continues to levy cess/duty on production of petroleum crude, and on export of petrol, diesel, and ATF for the rest of fiscal 2023.

The Times of India

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Surging fuel costs are causing demand destruction, oil trader says

The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader.

Tribune News Service

F1 news: Lewis Hamilton defends Just Stop Oil protest at British Grand Prix - ‘We need more people like them’

Lewis Hamilton defended a group of “Just Stop Oil” protestors who invaded the track during the British Grand Prix on Sunday.

Evening Standard

Saudi Arabia swings again -- but for how long?

Fluctuating Chinese demand has contributed to this year's volatility in international oil prices. But the latest evolution on the supply side will have immediate geopolitical and financial implications that go well beyond the oil market. Specifically, Saudi Arabia has returned as the most important swing producer and thus the most…

Bangkok Post

Zhou Guanyu says halo device saved his life after British GP horror crash

Zhou was involved in a high-speed crash but avoided serious injury in a race that was later interrupted by Just Stop Oil protesters

The Guardian - UK

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White House, Jeff Bezos trade criticism over gas prices

"Oil prices have dropped by about $15 over the past month, but prices at the pump have barely come down."

Axios

Seven arrested following F1 British GP protest

Seven people have been arrested after a Just Stop Oil-backed 'track invasion' at the British Grand Prix, despite Northamptonshire Police having offered a peaceful protest alternative.

Autosport

Seven arrested for British Grand Prix protest

Seven people have been arrested after a Just Stop Oil-backed 'track invasion' in the British Grand Prix, despite the Northamptonshire police having offered a peaceful protest alternative.

Motorsport

Bezos lashes out at Biden over call for lowering of gas prices

Amazon.com Inc. founder Jeff Bezos criticized a tweet from President Joe Biden calling for oil executives to reduce gasoline prices.

Tribune News Service

Environmental Protestors Enter Track at British Grand Prix

Five 'Just Stop Oil' activists invaded Silverstone Circuit while the race was underway.

Sports Illustrated

With GI tag, Mayurbhanj’s superfood ‘ant chutney’ set to find more tables

For Odisha tribes, dishes made of weaver ants offer a cure to many illnesses and are known to boost the immune system and keep diseases at bay

The Hindu

19 tried and tested methods to get rid of spiders in your home - and keep them out

From the best spider catchers to DIY deterrents, here's how to prevent spiders from coming into your home

Ideal Home

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The Guardian - UK

A mirage of peace? Joe Biden ventures back into Middle East’s shifting sands

US president’s controversial visit to Saudi Arabia comes at a moment of great upheaval as Russia and China compete for influence, says Observer columnist Simon Tisdall

The Independent UK

The Female Chef: Recipes from the women redefining the British food scene

The historic gender imbalance in food is far from solved but Clare Finney and Liz Seabrook’s award-winning debut book ‘The Female Chef’ is a step towards setting it right, says Hannah Twiggs

The Independent UK

Cooking the books: Three recipes to dig into this month

The next instalment of our series testing out the latest cookbooks sees Olivia Campbell dip into a Spanish home kitchen, try some quick and some slow vegetarian recipes and make her fromage fantasy come true

Daily Record

Scots oil tycoon suing former lawyers and business partners in mammoth £600million court fight

If Aberdeen man Robert Kidd, 61, wins his legal battle against law firm Ledingham Chalmers and US private equity house Lime Rock Partners, it would be the largest payout awarded in Scotland.

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WEKU

The case of the incredible shrinking fritter: A report from Kenya's street stalls

Inflation — fueled by the pandemic, the war in Ukraine and local issues — has made everything more expensive, including the oil used to fry street food. Here's how vendors and customers are coping.

The Guardian - UK

Pump action? UK motorists await report on painful petrol prices

The regulator will rule on whether a 5p cut in duty has been passed on – but there are still many factors driving costs up

The Guardian - US

Environmentalists condemn Biden administration’s offshore drilling plan

Policy would ban new ocean drilling but allow up to 11 lease sales in Gulf of Mexico and Alaska’s south coast

The Texas Tribune

Biden plan could allow new offshore drilling in Gulf of Mexico

His campaign promise to end fossil fuel development on public lands was thwarted by U.S. courts, high gas prices and Russia’s domination of Western European energy.

Benzinga

Avila Energy Corporation, previously known as Petro Viking Energy Inc., is pleased to provide a Corporate Update to the Acquisition and Name Change

Calgary, Alberta – TheNewswire - June 27, 2022 – Avila Energy Corporation ("Avila" or the "Company") upon receiving Shareholder Approval at the AGM October 15, 2021, the Company formally filed the change of its name to Avila Energy Corporation effective December 3, 2021.

Manchester Evening News

Pampered toddler who bathes in milk and honey and has solid gold £1,000 dummy

Kasey Akram says she has fallen out with friends over how she spoils her one-year-old son Jareem

Benzinga

Oil And Energy Leads Way: These Were The Top 10 S&P 500 Stocks In First Half Of 2022

The S&P 500 closed the month of June posting the worst half of a year since 1970 and the worst quarter since the first quarter of 2020, a period that included the official declaration of COVID-19 being a pandemic.

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