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The Latest Breaking News from Oil

Is OPEC ‘aligning with Russia’ after production cuts?

The United States has accused OPEC oil-producing nations of siding with Russia after a decision to cut oil output.

Al Jazeera

Just Stop Oil block roads around Westminster for seventh day

Around 25 supporters of Just Stop Oil took part in the action on Friday morning.

The Independent UK

1 Popular Energy Stock Hedge Funds Keep Buying

Leading oil & gas company Marathon Petroleum (MPC) reported solid second-quarter financials. Moreover, analysts seem bullish about the company’s growth prospects, considering its strategic business advancements and sustained energy demand. And given MPC’s high profitability and high-yield dividend, this energy stock that hedge funds keep buying could be worth your…

StockNews.com

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

All pumped out: France hit by petrol shortage

We take a closer look at the petrol shortage hitting certain French service stations. We also hear about the options that US President Joe Biden is mulling in regard to OPEC+'s decision to cut oil supply. Plus, a small French town grapples with rising energy bills. Finally, the hamburger chain…

France 24

UK 'sticking two fingers up to scientists' with new North Sea licensing round, say climate activists

Meanwhile, UK Tory climate minister Graham Stuart claimed that the licensing round will be “good for the environment”.

The National (Scotland)

New premier in Canada's oil-rich Alberta set to defy Trudeau

Alberta's incoming premier has set the stage for a showdown with Canada's federal government and push back against federal laws which is likely to set the oil-rich province on a collision course with Prime Minister Justin Trudeau.

Reuters

UK offers new North Sea oil and gas licences despite climate concerns

Greenpeace calls process, which will run until end of June, ‘possibly unlawful’

The Guardian - UK

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UK offers new North Sea oil, gas licenses despite opposition

The British government has opened a new licensing round for North Sea oil and gas exploration, despite criticism from environmentalists and scientists who say the move undermines the fight against climate change

The Independent UK

The story of Wales’ own oil company and plans to go green

Oil 4 Wales is trying to leave behind its fossil fuel business model

Birmingham Post

CBD oils for stress: What are the benefits and the top products to buy

Try these next time you’re feeling a little overwhelmed

Evening Standard

Best follow on baby formulas for babies more than 6 months old

Complement your six month old baby’s weaning diet with these follow-on baby formulas

Evening Standard

Oil Prices Reach Highest Level in Three Months after ‘OPEC+’ Deal

Oil prices have stabilized near the highest level in three months, after OPEC+ key ministers agreed oil production cuts of 2 million barrels per day. This is the highest oil cut since 2020. Saudi Energy Minister Abdulaziz bin Salman said OPEC+ had needed to be pro-active as central banks around…

Asharq Al-Awsat

George Skelton: Newsom wants to tax oil companies for soaring gas prices. It'll be a bumpy road for motorists no matter what

SACRAMENTO, Calif. — When gas prices rise, it instantly fuels political rhetoric about price gouging and the need to help motorists pay at the pump. It's as automatic as pushing the starter button and hearing the engine crank up.

Los Angeles Times

AP News Digest 3:15 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

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Benzinga

Larry Summers Says Sense Of Saudi-Russian Collaboration 'Can't Be Happy One For Americans'

Former Treasury Secretary Lawrence H.

The Guardian - UK

Energy crisis? It isn’t that we have too little oil and gas. It’s that we have too much

We have green, cheap alternatives ready and waiting – but first we have to commit to keeping fossil fuels in the ground, says the Green MP Caroline Lucas

Insider UK

Rees-Mogg: New oil and gas licensing will boost economy and energy security

A total of 898 blocks are being made available across huge expanses of the North Sea

The National (Scotland)

New licensing round for North Sea oil exploration will boost economy, Energy Secretary says

A NEW licensing round for oil and gas exploration will boost both the UK’s economy and energy security, Business and Energy Secretary Jacob…

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news in one place.

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The National (Scotland)

Report: Independence can unleash Scotland’s renewable energy potential

A NEW report has revealed how independence could unleash Scotland’s energy potential and be the “equivalent of a new oil boom for…

The Guardian - AU

Knead for speed: Margo and Rosa Flanagan’s easy vegetarian flatbread pizza recipes

Fast to rise and even quicker to knead, flatbread dough makes homemade pizzas loaded with spring vegetables a straightforward weekend project

Benzinga

Putin Helped By Saudi Arabia In His 'Despicable' Ukraine War, Says Schumer As Anti-Oil Cartel Bill Gains Bipartisan Momentum

As the ‘No Oil Producing and Exporting Cartels’ (NOPEC) bill gained momentum among both parties, Senate Majority Leader Chuck Schumer (D-NY) said in his tweet that Saudi Arabia’s actions will long be remembered by Americans.

Tribune News Service

Chuck Schumer says ‘NOPEC’ bill targeting OPEC is on the table

WASHINGTON — Legislation that would allow the U.S. to sue OPEC nations is being considered as a possible response to the oil cartel’s production cut this week that benefited Russian President Vladimir Putin, said Senate Majority Leader Chuck Schumer on Thursday.

Tribune News Service

California takes leading edge on climate laws. Others could follow

California has enacted an ambitious package of legislation to aggressively combat the climate crisis — a bold move by the world’s fifth-largest economy that could inspire action in other states.

Birmingham Post

North Sea oil and gas licensing round opens with 'significant boost to UK energy security' sought

Priority clusters in Southern North Sea identified for quick delivery

The Independent UK

Rees-Mogg: New oil and gas licensing will boost UK economy and energy security

Energy Secretary Jacob Rees-Mogg spoke as the North Sea Transition Authority began its latest round of licensing for offshore oil and gas.

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