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The Latest Breaking News from Oil

Trafigura pays out record $3bn to its top traders after more than doubling profits

Oil and commodities trader has benefited from rise in prices since Russia’s invasion of Ukraine

The Guardian - UK

Banks Continue to Put Billions Into Oil and Gas — Is It a Smart Investment?

Some experts say banks should be financing renewables at a much higher rate, for climate and ROI reasons.

Capital & Main

Keir Starmer hasn't really called time on North Sea oil and gas – here's why

Keir Starmer recently announced that the UK will grant no new licenses for oil and gas firms to drill in the North Sea if Labour wins the next election.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

So what exactly is recycled loo roll?

With toilet paper contributing to mass deforestation, Emily Hill looks into what we can do to make our loo habits less damaging to nature

The Guardian - UK

Shell's clean energy campaign is misleading, UK advertising watchdog says

A marketing campaign by oil major Shell has been banned by the U.K.’s advertising watchdog Wednesday for implying a big proportion of its business was in low carbon energy even though fossil fuels make up the “vast majority” of its operations

The Independent UK

Human rights and regional security top the agenda as Blinken visits Saudi Arabia

US Secretary of State Antony Blinken has held "open, candid" talks with Saudi Crown Prince Mohammed bin Salman in Jeddah this Wednesday, covering bilateral issues between Riyadh and Washington, as well as international relations ranging from Iran, China and the crisis in Sudan.

Radio France Internationale

‘Absolute scandal’: UAE state oil firm able to read Cop28 climate summit emails

Exclusive: UN conference president Sultan Al Jaber is also head of oil firm, which was consulted on how to respond to a media inquiry

The Guardian - UK

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Which Energy Stock Should You Invest In: Marathon Oil (MRO) or Cheniere Energy (LNG)

After a stellar performance in 2022, the energy sector is expected to maintain its growth momentum this year. Strong energy demand worldwide and massive oil production cuts could significantly lift oil and gas prices. Energy producers Marathon Oil (MRO) and Cheniere Energy (LNG) are poised to benefit from the sector’s…

StockNews.com

How to make vegetable samosas – recipe

These Indian staples are great to make ahead for picnics and packed lunches alike, plus the filling is so versatile, it can be tailored to your liking

The Guardian - UK

Huge oil spill on busy Masab Tank road disrupts traffic

There was huge traffic on the Masab Tank stretch due to an oil spillage on June 7 morning

The Hindu

Has Saudi Arabia lost control of oil prices?

Saudi Arabia has risked divisions within Opec, inflaming tensions with the US and reigniting inflation in Europe, all in a bid to boost flagging oil prices.

The Week

UK firm given £430m green transition loan then expanded oil and gas business

Exclusive: Wood Group boosts fossil fuel business and shrinks renewables work after getting government-backed loan

The Guardian - UK

Menu Planner: Make a no-meat night special with quick bean chili

Thinking ahead to your next few meals? Here are some main dishes and sides to try.

Chicago Sun-Times

ICC take unusual precaution for possible Just Stop Oil protest at The Oval

Just Stop Oil protestors have already disrupted the Premiership final and the World Snooker Championship - and the ICC are taking extra steps to avoid problems at The Oval

Daily Mirror

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news in one place.

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The National (Scotland)

MSPs urged to oppose Rosebank after Anas Sarwar pledges to honour licence

The Greens will call on MSPs to map out a fossil free future for Scotland and stand against developing the Rosebank oil field off Shetland in a…

Edinburgh Live

Edinburgh climate activists in city centre protest over pension investments

Around 20 protestors have been spotted with banners outside of the Edinburgh International Conference Centre as they demonstrate over a pension event that is being sponsored by BlackRock.

Businessweek

Permits for US Energy Projects Are So Bad Unlikely Allies Emerge

The renewables and fossil fuel industries—and Democrats and Republicans in Washington—are uniting in their push to streamline the country’s thicket of regulations.

The National (Scotland)

Watchdog bans Shell adverts for 'misleading' low-carbon claims

THREE ads for Shell promoting its low-carbon products have been banned for failing to make any mention of the energy giant’s ongoing…

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news in one place.

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The Independent UK

Showstopping BBQ main dishes for a hot grill summer

From smoky chargrilled lemon and rosemary chicken to whole-grilled sweetcorn with harissa butter, fire up these showstopping recipes at your next BBQ, says Hannah Twiggs

Al Jazeera

Blinken starts Saudi Arabia visit aimed at steadying relations

US Secretary of State says relations between Washington and Riyadh are ‘strengthened by progress on human rights’.

Evening Standard

Ad watchdog cracks down on oil giants Shell and Petronas’ ‘greenwashing’ campaigns

The ASA said Shell and Petronas should have revealed the “overall environmental impact of their business” in the ads

The Independent UK

Play to be recognised for 50 years of ‘outstanding’ influence on theatre

The Cheviot, The Stag And The Black, Black Oil charts the modern economic history of Scotland.

The Independent UK

Watchdog bans Shell’s ‘misleading’ low-carbon ads

Shell omitted any mention that oil and gas continued to make up the ‘vast majority’ of its business, the Advertising Standards Authority said.

Barchart

Crude Prices Slip on Stronger Dollar and Weak Economic News

July WTI crude oil (CLN23) on Tuesday closed down -0.41 (-0.57%), and July RBOB gasoline (RBN23) closed up +3.99 (+1.58%). Crude oil and gasoline prices Tuesday settled mixed. A stronger dollar Tuesday weighed on crude prices. Crude was also under pressure from concerns that a slowdown in the global economy...

Salon

Pasta with clams, but make it red

Oh, and a shower of freshly-toasted breadcrumbs, too

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