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The Latest Breaking News from Oil

Oil Prices Drop amid China COVID Curbs, Possible Rate Hikes

Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential for further interest rate hikes in the United States and Europe. Brent crude futures dropped $1.28, or 1.4%, to $91.56 a barrel by 0330 GMT, after settling 4.1% higher on…

Asharq Al-Awsat

Avocado oil for hair growth: Ways to use it for your tresses

Maintaining healthy hair is a problem most people face globally. There are many medicines and supplements people can take to ensure a healthy head of hair, but many of these come with unwanted side effects that lead to other issues and more discomfort. There are many superfoods that are recommended…

The Times of India

Verstappen Spoils Ferrari Homecoming Despite Leclerc’s Surge

The Red Bull driver has now won five races in a row, and mathematically, he could clinch the world championship title at Singapore.

Sports Illustrated

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After oil: what Malaysia and Iran may look like in a post-fossil-fuel future

As the devastation of climate change makes the need to decarbonise clearer by the day, countries face the question of what to do with their old fossil fuel infrastructure. While some environmental activists have taken to sabotaging the carbon economy on the back of its emissions in the Global North,…

The Conversation

A bridge to nowhere: Natural gas will not lead Canada to a sustainable energy future

The Canadian government has used Russia’s invasion of Ukraine and the removal of Russian natural gas exports to justify increasing natural gas production in Canada. Much of the necessary infrastructure for producing and transporting this liquefied natural gas (LNG) would, however, take years to develop, locking Canada into an emissions…

The Conversation

India raises objection to Pakistan F-16 refit

During meetings with U.S. official Donald Lu in New Delhi, the Ministry of External Affairs protested against sale of spares of jet to Pakistan

The Hindu

Gabon: The high cost of 'low-cost' oil

Puddles of oil in the forests, polluted lagoons, crabs covered in oil: with photos and videos, activists have been documenting the recurrent pollution in western Gabon. Over three years, they have recorded 10 polluted sites in the Etimboue region, all of them located near oil fields belonging to the Franco-British…

France 24

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Explained | What is windfall tax and why are countries imposing it on the energy sector right now?

Big energy companies clocked huge profits in the first half of this year, making record windfall gains which governments have tried to rein in

The Hindu

Famous chippy's price rise drew complaints from customers - it's still not enough in a trade facing 'extinction'

Levers is an Oldham institution

Manchester Evening News

Paying £14 for fish and chips may be the only way to save our favourite takeaway

War, heatwaves and the energy crisis are killing chip shops

Wales Online

Four drug peddlers from A.P. arrested in two separate cases

50 kg ganja, 1 litre hashish oil seized

The Hindu

Govt starts project to increase sunflower oilseeds production in Odisha

BHUBANESWAR: Keeping the rising prices of edible oils in mind, the Centre has taken steps to increase the oilseeds production in the country including Odisha. Sunflowers have been identified for area expansion. As many as 15 districts of Odisha have been chosen for this project.

The Times of India

Mid Antrim 150 cancelled after oil, glass and nails 'deliberately' left on track

The PSNI said the items had been deposited on the Clough circuit overnight

Belfast Live

Fighting the inflation fire: Europe seeks remedies to cost-of-living crunch

Inflation is a word that viewers are likely now hearing almost every day. It's the term we use to talk about the cost of things that most of us regularly buy, like food and clothes, electricity bills, and the materials and resources used by businesses. Wherever you're watching, it’s almost…

France 24

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Asharq Al-Awsat

Saudi Arabia Welcomes Yemeni Gov’t Decision to Ease Entry of Oil Ships to Hodeidah

Saudi Arabia welcomed on Friday the Yemeni government’s decision to allow a number of oil ships to enter the port of Hodeidah on an exceptional basis at the request of the UN to alleviate the humanitarian crisis triggered by Houthi coup militias in Yemen. “Saudi Arabia welcomes the decision by…

Asharq Al-Awsat

Landmark UAE Gas Sales Agreement Signed between ADNOC, DUSUP

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, have witnessed the signing of a landmark gas sales agreement between Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority (DUSUP). The agreement showcases the UAE’s…

Daily Record

Aldi shoppers slam 'ridiculous' price increases as sunflower oil hits £2

One furious shopper took to the Aldi UK Facebook page to ask if the budget supermarket was "having a laugh".

Reuters

Venezuela to seek extradition of former minister in corruption case

Venezuela will seek the extradition of a former top energy official and launched fresh legal action against a former oil minister, who it is also trying to extradite from Europe, the state attorney-general's office said on Friday.

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Bangkok Post

Rates, inflation and energy have investors' attention

RECAP: Global markets remained fixated this week on inflation, interest rates and energy prices. There was added drama in Britain, where the passing of Queen Elizabeth II came just two days after Prime Minister Liz Truss took office and announced a bold plan to cap soaring energy prices for two…

Reuters

Ecuador inks temporary oil moratorium deal with indigenous groups

The government of Ecuador and indigenous leaders on Friday signed a deal to declare a temporary development moratorium on 15 oil blocks and suspend new mining contracts until a law about prior community consultations is in place.

Benzinga

3 Ways To Earn High Yields As Energy Prices Surge

As the natural gas Oct. 22 futures retreated from record highs of $9.98 per cubic foot to $8.27 per cubic foot, the SPDR Energy Select Sector Fund (ARCA: XLE) fell by .80%.

The Guardian - AU

Sichuan fondue and cheat’s custard tart: Rosheen Kaul’s Chinese-ish recipes

Drawing from her eclectic mix of backgrounds, Kaul shares three joyfully inauthentic, colourful recipes

StockNews.com

3 Oil Stocks That Are Better Buys Than Occidental Petroleum

Russia is threatening to cut energy supplies to Europe, which could keep oil prices elevated this year. While rising oil prices should help the energy industry thrive, Occidental Petroleum (OXY) is not well-positioned to capitalize on the industry tailwinds. However, one could benefit from the industry’s solid prospects by investing…

The Guardian - AU

What happened in the Russia-Ukraine war this week? Catch up with the must-read news and analysis

Ukraine’s push to retake Kherson a symbol of Kyiv’s hope; UN seeks demilitarised zone around Zaporizhzhia nuclear plant; Russia intensifies energy war

The Guardian - UK

The Guardian view on Truss’s energy price cap: right policy for the wrong reasons

Editorial: Instead of plans to bring on greener sources of power generation, the prime minister wants to drill for oil and frack for gas

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