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The Latest Breaking News from Oil

Biden says more oil releases possible to cut gasoline prices

President Joe Biden announced the drawdown of an additional 15 million barrels of oil from U.S. emergency reserves, as well as what he called a “ready and release plan” aimed at driving down gasoline prices.

Tribune News Service

Biden open to new oil reserve sales as last tranche released

The Biden administration plans to release 15 million barrels from US emergency reserves and may consider freeing up significantly larger additional supplies this winter as it tries to ease high gasoline prices that have become a liability for Democrats in next month’s midterm elections.

Tribune News Service

Explainer-Iran and Russia's growing drone alliance amid Western outcry

Iran has promised to provide Russia with surface to surface missiles, in addition to more drones, said Iranian officials, a move that has infuriated the United States and other Western powers which are backing Ukraine in the war.

Reuters

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Brittney Griner will have prison sentence appeal heard by Russian court later this month

Two-time Olympic gold medalist was convicted on 4 August over cannabis oil vape canisters in luggage

The Independent UK

Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC

New steps from Group of Seven countries to cap Russian oil sales at an enforced low price will not be replicated against OPEC producers, whose plans to cut output have irked consumer countries, a United States Treasury official told Reuters.

Reuters

Is Macadamia nut oil the new go to ingredient in the world of beauty?

The buoyancy for a growing preference for all things natural, the market share for natural and organic cosmetics has risen considerably. To resonate with discerning consumers, the cosmetic manufacturers are looking for natural and organic ingredients which deliver the necessary benefit and functionality. So we find the luxurious macadamia nut…

The Times of India

Just Stop Oil activist explains reason behind throwing soup on Van Gogh painting

The activist claims they did "no damage to the painting whatsoever".

Daily Record

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Climate protesters ‘would be treated much worse if they were black or working class’ claims foreign secretary

‘Black boys from Lewisham or working-class boys from Wolverhampton ... would be treated as criminality, nothing more,’ says James Cleverly

The Independent UK

Boaters Speak Out After Being Stranded In Gulf For 28 Hours In Terrifying Ordeal

The father-son never imagined their boating, survival and swimming skills would all be put to the test.

Zenger

EU response to energy crisis looms amid rising oil, gas prices

Energy prices began soaring last year after lifting of pandemic lockdowns, followed by Russia’s war in Ukraine.

Al Jazeera

Just Stop Oil protesters block traffic outside V&A and Natural History museums

Seventeen people have been arrested

Evening Standard

‘Climate justice is bigger than public opinion’: are Just Stop Oil’s tactics right?

Readers debate whether climate activists’ divisive methods are justified – or alienating and ineffective

The Guardian - UK

Home secretary Suella Braverman blames protest disruption on ‘tofu-eating wokerati’

It comes as Just Stop Oil continues to cause disruption on roads

The Independent UK

UK inflation: which goods and services have risen most in price?

From low-fat milk to olive oil, pet products to air transport, how costs have soared

The Guardian - UK

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Al Jazeera

‘Troubled marriage’: Oil spat unlikely to break US-Saudi ties

Analysts say shared interests will sustain ties despite Washington’s promise of ‘consequences’ over oil production cuts.

Salon

Abbott accused of "patronage system"

Abbott donors enjoy access, appointments to boards and commissions and a chance to bend his ear

Evening Standard

How everyday food items have risen in price in the past 12 months

The cost of low-fat milk has increased by 42%, olive oil by 27% and eggs by 22%.

Evening Standard

Iran: Supporters gather at Tehran airport as Elnaz Rakabi returns home

Iranian competitive climber Elnaz Rekabi returned to Tehran early Wednesday, after competing in South Korea without wearing a mandatory headscarf required of female athletes from the Islamic Republic.Rekabi's decision not to wear the hijab while competing Sunday comes as protests sparked by the Sept. 16 death in custody of a…

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Evening Standard

Suella Braverman blames ‘Guardian-reading, tofu-eating wokerati’ for disruptive protests

The opposition benches were cackling in laughter in response to the debate in the House of Commons.

Chicago Tribune

Commentary: New drone rules are a major step, but questions remain

Amid the drumbeat of news about the war in Ukraine and the rhetorical boxing match between the U.S. and Saudi Arabia over that Middle Eastern country’s oil production cut, a relatively big story has been buried in the headlines: The Biden administration has issued new rules on U.S. drone strikes…

Asharq Al-Awsat

OPEC: Move to Cut Oil Output Was Unanimous to Prevent Crisis

The Organization of the Petroleum Exporting Countries (OPEC) Secretary-General Haitham al-Ghais said on Tuesday that OPEC+ alliance took an unanimous decision to cut oil output as a pre-emptive measure to prevent a crisis. Speaking at the African Energy Week in South Africa, al-Ghais said the heads of delegations unanimously decided…

Roll Call

Biden to announce more oil reserve sales to reduce gas prices - Roll Call

The Biden administration will sell another tranche of oil from the national reserve in December to put a damper on gasoline prices.

The Guardian - UK

Wednesday briefing: Just Stop Oil fuels up for a long fight

In today’s newsletter: They’re climbing bridges, clogging traffic and vandalising a Van Gogh. But are protesters on the right road to a climate revolution – and how far will the government go to stop them?

The Independent UK

From spaghetti to brownies, this is how Mary Berry cooks for a crowd

Mary Berry’s new book and accompanying BBC series is all about putting sharing food front and centre and making life easier for everyone. Prudence Wade puts it to the test

Asharq Al-Awsat

Malaysia: OPEC+ Decision to Cut Output Made to Address Market Uncertainties

Malaysia has said a decision by OPEC+ member states to cut oil production was unanimous, and made after taking into account the need to address market uncertainties. Malaysia joins other OPEC+ countries this week in backing a steep cut to the group's output target. "OPEC+ countries collectively took into consideration…

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