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The Latest Breaking News from Oil

4 Momentum Stocks to Keep an Eye on This Fall

Despite a slight decline in inflation from the 40-year high level, robust employment data and persistent price pressures could prompt the Fed to maintain its hawkish policy stance, keeping the stock market under pressure. Therefore, it could be wise to invest in APA Corporation (APA), Dynagas LNG (DLNG), Friedman Industries…

StockNews.com

Oil at six-month low | Petrol at breakeven, losses continue on diesel

Brent crude oil was trading at ₹94.91 per barrel on August 18

The Hindu

Explainer-What is at stake for investors in Angola's elections?

Angolans will vote on Wednesday for a new president and parliament in what looks set to be the closest election in Africa's second-biggest oil producer since the country won independence from Portugal in 1975.

Reuters

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Mitsubishi asked to mull new Sakhalin-2 investment

The government asked Mitsubishi Corp. to consider investing in the new Russian operator of the Sakhalin-2 oil and gas project in Russia's Far East during a meeting between Economy, Trade and Industry Minister Yasutoshi Nishimura and Mitsubishi President Katsuya Nakanishi.

The Japan News/Yomiuri

Houthi Levies Impoverish Yemeni Farmers

Fruit farmers in Yemen’s Houthi-run areas are suffering the brunt of hiked oil prices and high maintenance rates.

Asharq Al-Awsat

After the climate bill: Three big steps

Biden's big bill is a breakthrough on energy — but there's a long way to go. These three steps should come next

Salon

Oil Rises on US Crude Stocks Data, Tight Supply Outlook

Oil prices rose on Thursday as robust US fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut demand. Brent crude futures climbed $1.43, or 1.5%, to $95.08 a barrel by 0900 GMT.

Asharq Al-Awsat

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Myanmar ready to import Russian oil

Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a junta spokesperson said, the latest developing country to do so amid a global energy crisis.

Bangkok Post

Long-term proposition for India to reorient foreign policy away from Russia, says U.S.

India has raised oil imports from Russia after the Ukraine war despite criticism from the West and continues to engage with Moscow for business

The Hindu

KAUST Produces Tutankhamun Perfume Oil from Algae

The famous essential "patchouli oil" is often linked to King Tutankhamun's oil, according to sites specializing in the history of perfumes. "New Directions Aromatics" company in Canada announced the discovery of ten gallons of Patchouli essential oil inside Tutankhamun's tomb. The historical review of this essential oil is an attempt…

Asharq Al-Awsat

Analysis: Confident Algeria rides gas high

Europe's attempts to wean itself off Russian gas have given Algeria a shot in the arm.

Reuters

Caprese salad: How to make an Italian basic bouji

Becky Krystal takes an Italian basic and makes it bouji

The Independent UK

Frozen fish is the saviour of quick, cheap weeknight dinners

A generous bath of flavourful olive oil turns a frozen cod fillet into a silky, delicate delight, writes Ann Maloney

The Independent UK

Myanmar to import Russian oil, military says

Reuters

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Tribune News Service

Biden’s freeze on oil, gas leases on public land is reinstated — for now

WASHINGTON — President Joe Biden won temporary permission to once again pause energy leasing on federal lands and waters, after a U.S. appeals court found a trial judge’s order against the moratorium too vague to review.

The Independent UK

Ruling clears Biden's 2021 pause on new oil, gas leases

A judge's order that forced the Biden administration to resume sales of oil and gas leases on federal land and waters has been lifted by a federal appeals court

The Hindu

Expats helped boost Kerala’s economy: NORKA officer

THIRUVANANTHAPURAM

The Walrus

How the UK Is Winning the Race against Climate Change

While Canada has fumbled every climate promise, the UK has been hitting its emissions targets. What would it take to catch up?

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The Conversation

Angola's 2022 election: an unfair contest the ruling MPLA is sure to win

Angolans go to the polls on 24 August to vote in parliamentary elections. The leader of the party with the most seats in parliament automatically becomes the president, so this is also in effect a presidential election.

The Guardian - UK

Church of England pension boss’s shares in Shell ‘shocking’, say campaigners

Exclusive: Christian climate groups urge Clive Mather to resign and C of E to divest from fossil fuel

The Hindu

‘India is buying Ukrainian blood by purchasing Russian crude oil’: Foreign Minister Dmytro Kuleba

Ukraine expected more practical support from India, said Foreign Minister Dmytro Kuleba

Liverpool Echo

'Mammoth load' arrives at final destination after 'completely filling' motorway

The furnace is "one of the "largest objects ever to be moved on UK roads"

The Guardian - AU

Santos profit rises three-fold amid energy insecurity as calls for windfall tax intensify

Greens say 300% increase in profits shows Australia is ‘being taken for a ride’ while other activists claim company is ‘burning our long-term future’

Evening Standard

Gwyneth, Kourtney and... Kate Moss — the march of the celebrity wellness gurus

As part of her new Cosmoss brand, the supermodel and legendary party animal is about to start flogging ‘sacred mist’ and CBD face oil. Juliana Piskorz has the lowdown

Daily Record

Scottish off-grid homes will benefit from Labour plans to freeze energy price cap

Shadow chancellor Rachel Reeves confirmed that Labour's £29 billion plan will reach households that rely on heating oil or gas tanks instead of being connected to the main supply.

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