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The Latest Breaking News from Oil

Why Saudi Arabia Transfered 4% of Aramco Shares to PIF Subsidiary?

Saudi Arabia's Crown Prince Mohammed bin Salman announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to Sanabil Investments, a subsidiary of the kingdom's Public Investment Fund (PIF). Experts interviewed by Asharq Al-Awsat said the move supports PIF’s flexibility in capturing local and global investment…

Asharq Al-Awsat

They cleaned up BP’s massive oil spill. Now they’re sick – and want justice

Thirteen years after the Deepwater Horizon explosion, documents shed light on the company’s response and ‘scorched earth’ legal tactics

The Guardian - US

Exclusive-Pakistan makes its first purchase of discounted Russian oil

Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow, the country's petroleum minister said, with one cargo to dock at the port of Karachi in May.

Reuters

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To Reimagine the Realm: The Purpose of ‘Dispatches From the Outlaw Ocean’

Half of the world’s population now lives within a hundred miles of the sea, but most people conceive of this space as a liquid desert that we occasionally fly over, a canvas of lighter and darker blues.

The News Lens

The US Is About to Blow up a Fake Warship in the South China Sea – But Naval Rivalry With Beijing Is Very Real and Growing

About one-third of the world’s shipping transits the South China Sea. In all, more than US$3.4 trillion worth of products is transported through its waters every year.

The News Lens

BMW Shipping Parts With Trucks Fueled By Cooking Oil

BMW believes that every gram of CO2 it can save helps.

Motor1

Abandoned oil, gas wells get plugged in New Mexico

Land managers in one of the top oil and gas producing states in the U.S. have plugged more than 200 inactive wells on state trust lands

The Independent UK

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Jose Ramirez's homer spoils Spencer Turnbull's day, snaps Tigers' five-game win streak

DETROIT — Spencer Turnbull’s last start, in which he pitched effectively in Toronto and earned his first win since May 29, 2021, got lost in all the drama of the Javier Báez benching.

Tribune News Service

Crude Prices Fall Back on Demand Concerns

May WTI crude oil (CLK23 ) on Wednesday closed down -1.70 (-2.10%), and May RBOB gasoline (RBJ23 ) closed down -10.54 (-3.83%). Crude oil and gasoline prices Wednesday retreated and posted 2-1/2 week lows. A stronger dollar Wednesday was bearish for energy prices. Also, uncertainty over energy demand weighed on...

Barchart

For fossil-fuel reliant governments, climate action should start at home

Many assume that big publicly traded oil companies and private individuals are primarily responsible for climate change. And there is some truth to this assumption.

The Conversation

Venezuela corruption probe snares another former top PDVSA executive

A former vice president of Venezuela's state oil firm PDVSA was arrested as part of a widening anti-corruption probe looking into wrongdoing at the state company, a government official said on Wednesday.

Reuters

Reap Maximum Benefits With PBF Energy: A Bullish Outlook in the Changing Oil Landscape

Tailwinds in the energy sector brighten the prospects for energy producer PBF Energy Inc. (PBF). Let’s take a look at how the company’s key metrics could help the stock perform well….

StockNews.com

Ukraine says Shell is taking 'blood money' from a Russian energy company

Ukraine officials accuse Western energy companies of profiting from the war, and have ideas for how to fix it.

Fortune

From shampoo to masks, these are the best wash and care hair products on the market right now

The crème de la crème, according to our Marie Claire UK Hair Awards 2023

Marie Claire

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Marie Claire

These are the only new hair launches experts say are genuinely worth your time

The only products in the 'new in' section worth adding to basket, according to our Marie Claire UK Hair Awards 2023 judges

Marie Claire

The experts have spoken—these are the best hair styling products money can buy

These Marie Claire UK Hair Awards 2023 winners style your hair to perfection and *actually* last all day

Barchart

Crude Prices Fall as a Slide in Stocks Sparks Risk Aversion

May WTI crude oil (CLK23) this morning is down -1.12 (-1.39%), and May RBOB gasoline (RBJ23) is down -7.17 (-2.61%). May Nymex natural gas (NGK23) is down -0.128 (-5.41%). Crude oil and gasoline prices this morning are moderately lower and dropped to 2-1/2 week lows. A stronger dollar today is...

The Conversation

Why the world should take notice as Saudi Arabia joins Chinese alliance -- and how this relates to Taiwan

Saudi Arabia’s cabinet recently approved the decision to join the China-led Shanghai Cooperation Organisation (SCO).

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Motor1

Take A Tour Of A 1990 Honda Accord With Over 1 Million Miles

It has had 185 oil changes.

The Independent UK

Super sustainable soused red mullet salad

Try sousing – or lightly pickling – fish at home, starting with this red mullet salad, says Lauren Taylor

Barchart

How are Oil and Sugar Connected?

Sugar and crude oil, the soft and energy commodities, correlate for two reasons. As members of the commodities asset class, sugar and oil prices often move in the same direction during secular raw material bullish or bearish market trends. However, sugar’s role in Brazilian ethanol production makes the sweet commodity…

The Independent UK

London Marathon boss responds to fears protesters will disrupt event

The World Snooker Championship was interrupted by a Just Stop Oil protester on Monday

The Independent UK

Germany tries to reassure homeowners on heating overhaul

The German government is seeking to reassure homeowners that plans to phase out gas or oil heating systems will provide generous transition periods and take into account hardship cases

GoodToKnow

Air fryer pesto salmon

This tasty air fryer salmon pesto recipe is by nutritionist and cookbook author, Jenny Tschiesche...

Evening Standard

London Marathon make plea to Just Stop Oil ahead of talks over potential protest

London Marathon bosses are pleading with Just Stop Oil not to derail Sunday’s race.

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