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The Latest Breaking News from Oil

Saudi Arabia slashes output further to boost oil price

VIENNA - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.

Bangkok Post

US, UK navies say they respond to distress call as Iran's Revolutionary Guard 'harassed' ship

The U.S. Navy says its sailors and the United Kingdom Royal Navy came to the aid of a ship in the crucial Strait of Hormuz after Iran’s Revolutionary Guard “harassed” it

The Independent UK

Saudi Arabia cuts oil production again to shore up prices — this time on its own

OPEC+ countries also agreed to extend oil production cuts they announced in April through the end of 2024, reducing production by more than 1 million barrels per day.

WEKU

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Keir Starmer says nuclear power is ‘critical part’ of UK’s energy mix

Labour leader pledges to get stalled projects operational to boost energy security, cut costs and create jobs

The Guardian - UK

Opec+ to extend cuts in oil output into 2024 as prices flag

Oil cartel members reportedly agree to reduce output by a further 1.4m barrels, with oversupply a concern

The Guardian - UK

Natural Gas – Memories of June 2020

Three years ago, NYMEX natural gas futures traded to the lowest price of this century when the energy commodity reached a two-and-one-half-decade low. In August 2020, the price exploded to a fourteen-year high. In June 2023, nearby natural gas is approaching the 2020 low as last year’s explosive rally imploded.

Barchart

Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway

A spokesperson for Egypt's Suez Canal says a tanker transporting crude oil broke down in the canal, briefly disrupting traffic in the global waterway

The Independent UK

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Starmer urged not to U-turn on new North Sea oil and gas ban

Exclusive: Labour pledge backed by 139 organisations including environmental groups, trade unions and Women’s Institute

The Guardian - UK

Easy way to get rid of flies this summer, according to pest expert

An expert revealed there's a simple way to get rid of flies

Nottingham Post

Labour plans to ban North Sea oil production naive, says union leader

Gary Smith of the GMB, a key Labour donor, says plan shows ‘lack of intellectual rigour’

The Guardian - UK

'It is crippling us' More than one-third of fish and chip shops will close due to soaring costs

Lots of chippes are on sale as a result of higher costs

Wales Online

Labour ‘will create a cliff edge for energy production’ in North Sea says union boss

GMB union general secretary Gary Smith said

The National (Scotland)

How to set up an oil paint palette

How to arrange and mix oils to make oil painting easier.

Creative Bloq

Labour ‘will create a cliff edge for energy production’ – union chief

GMB general secretary Gary Smith called on the party to stop putting what was ‘popular’ ahead of what was right for the country.

The Independent UK

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The New Daily

Maltese oil tanker breaks down in Egypt’s Suez Canal

A tanker transporting crude oil has broken down in a single-lane part of Egypt's Suez Canal, disrupting traffic in the global waterway.

The Hindu

India's import of Russian oil scales new high in May

India’s import of cheap Russian oil scaled another record and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the U.S., industry data showed. India took 1.96 million barrels a day from Russia, 15% more than the previous according to data from energy cargo tracker…

The Independent UK

With oil prices slumping, OPEC+ producers weigh more production cuts

The major oil-producing countries led by Saudi Arabia and Russia are deciding whether to make more cuts to the amount of crude they supply to the global economy

Ideal Home

Is Broil King a good BBQ brand? Why the Broil King Monarch 320 is a five-star grill

This imperious, three-burner gas barbecue really is fit for royalty

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Daily Mirror

James May gets his chef hat on and gives a grand tour of his favourite recipes

The rookie cook constantly reminds us his skills won’t be earning him a Michelin star any time soon, joking that he is going to 'boil the a***' off his dishes

The Hindu

Commercial production at Barmer oil refinery set to start by Dec. 2024

₹72,937-crore project’s mechanical work targetted by May 2024

The Guardian - UK

Spanish-style sausage and beans, picnic loaf and nettle tortilla: Valentine Warner’s campsite recipes

Whether you’re a wilderness adventurer or a glamper, make your food one of the joys of the great outdoors

The Hindu

OIL starts aerial seismic survey in logistically difficult, hostile areas

Oil India Limited has started an aerial seismic survey for locating hydrocarbon deposits beneath strategic stretches across the country

Tom’s Guide

5 things I wish I knew before replacing my grill with a flat-top griddle

If you plan on buying a flat-top griddle, here are the things you should know about beforehand, based on my experience.

Reuters

Canada facing rising threat from cyberattacks - defence minister

Canadian Defence Minister Anita Anand said on Saturday that the country's critical infrastructure was increasingly being targeted by cyberattacks, posing a significant threat to the economy of the world's fourth-largest crude oil producer.

The Independent UK

Emirati hosts want UN climate talks to deliver 'game-changing results,' with big oil at the table

A senior United Arab Emirates official says the Gulf nation wants a U.N. climate summit it’s hosting later this year to deliver “game-changing results” for international efforts to curb global warming

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