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The Latest Breaking News from Oil

Influential oil company scenarios for combating climate change don't actually meet the Paris Agreement goals, our new analysis shows

Several major oil companies, including BP and Shell, periodically publish scenarios forecasting the future of the energy sector. In recent years, they have added visions for how climate change might be addressed, including scenarios that they claim are consistent with the international Paris climate agreement.

The Conversation

$South Africa's proposed fracking regulations should do more to protect groundwater$

South Africa's proposed fracking regulations should do more to protect groundwater

South Africa is extremely water scarce, and water supply will become more challenging in the future. The population and economy are growing, increasing demand. Rainfall is variable and more extreme and prolonged droughts are expected because of climate change. More than 80% of South Africa’s available surface water resources are…

The Conversation

Govt readies B150bn loan guarantee for oil fund

The cabinet on Tuesday approved a law to guarantee up to 150 billion baht (US$4.23 billion) in loans for the state oil fund to support energy prices as the government fights inflation, according to a government source and media reports.

Bangkok Post

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Next US energy boom could be wind power in the Gulf of Mexico

With passage of the Inflation Reduction Act, which contains US$370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power.

The Conversation

Five easy summer salads add fresh flavors to your weeknight meal rotation

Add the protein of your choosing to turn them into a fuller meal.

Chicago Sun-Times

Petrol prices set to fall as oil drops back below Ukraine invasion level

Oil prices have fallen by more than a third from their peak in March but prices may take several weeks to filter through to forecourts

The Independent UK

Coinbase Global, T-Mobile US And 2 Other Stocks Insiders Are Selling

U.S. crude oil futures traded lower this morning on Tuesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

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Keir Starmer defends Labour £29bn energy plan and challenges Tory candidates on where their ideas are

The Labour leader said a bigger windfall tax on oil and gas company profits would be the key to freezing domestic energy bills this winter.

Daily Record

Satellite Images Show First Ship Out of Ukraine in Syria

The first shipment of grain to leave Ukraine under a wartime deal appears to have ended up in Syria — even as Damascus remains a close ally of Moscow, satellite images analyzed Tuesday by The Associated Press show. The arrival of the cargo ship Razoni in Syria comes after the…

Asharq Al-Awsat

At least 20 killed in Pakistan as bus-tanker crash causes fire

The accident happened on a highway in Punjab province when the bus rammed into the oil tanker from behind.

Al Jazeera

Chef's money-saving tips to liven up midweek meals with store cupboard basics

Spanish wine producer Campaneo has teamed up with one-pound meals author and chef, Miguel Barclay, to reveal some easy tips

Wales Online

Why are gas prices still high despite oil getting cheaper – and what will happen next? Energy expert Q&A

While thermometers have been well into the red across the northern hemisphere, people are panicking about the cost of energy bills once winter starts to bite. According to the latest forecasts in the UK, the minimum price cap for households’ electricity and heating costs is set to more than double…

The Conversation

Amid energy crisis, EU plans to help gas-rich Mozambique boost security

The European Union is planning a five-fold increase in financial support to an African military mission in Mozambique, an internal EU document shows, as Islamist attacks threaten gas projects meant to reduce the EU's reliance on Russian energy.

Reuters

Why didn't the U.S. aid with Cuba fire?

A humanitarian and ecological disaster unfolded 90 miles from Florida, and the U.S. just sat back and watched

Salon

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Evening Standard

Best body lotions to give dry skin a moisturising boost

Skin-quenching lotions and potions

Asharq Al-Awsat

Oil Extends Losses as Weak Demand Outlook Lingers

Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. Brent crude futures fell $1.21, or 1.3%, to $93.89 a barrel by 0635 GMT. WTI crude futures dipped 84 cents, or 0.9%, to $88.57 a barrel.

The Guardian - UK

UK real pay falls by record 3%, as job vacancies also decline – as it happened

UK wages adjusted for inflation decline at fastest rate in 20 years, while job vacancies fall, as average annual grocery bill is set to jump by £533 to £5,128

Asharq Al-Awsat

Williams Calls for ‘Historic Compromises’ in Libya

The UN Secretary-General's former Special Advisor on Libya, Stephanie Williams, has urged Libya’s High Council of State and the House of Representatives to make “historic compromises” to shoulder their responsibility and agree on a roadmap to elections within a constitutional framework. “I still believe elections are possible in Libya and…

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Reuters

Oil tanker, passenger bus crash kills 20 in central Pakistan - media

A fiery crash between an oil tanker and a passenger bus killed at least 20 people in Pakistan, a police spokesperson and media said on Tuesday.

Asharq Al-Awsat

Iranian Nuclear Deal Limbo...Whom Does it Serve?

Whether or not Tehran and Washington accept a European Union "final" offer to revive the 2015 Iran nuclear deal, neither is likely to declare the pact dead because keeping it alive serves both sides' interests, diplomats, analysts and officials said. Their reasons, however, are radically different. For US President Joe…

The Times of India

Markets trade firm; sensex climbs over 395 points in early trade

MUMBAI: Equity benchmarks on Tuesday started the trade on a firm note with the sensex climbing over 395 points helped by buying in HDFC twins, foreign fund inflows and falling crude oil prices.

Chicago Sun-Times

Menu planner: Tomatoes with olive oil make special addition to your meal

Thinking ahead to your next few meals? Here are some main dishes and sides to try.

Tribune News Service

Iran sends EU nuclear deal response and signals pact is near

Iran sent the European Union its official response to the bloc’s proposal for reviving the 2015 nuclear accord after signaling it may be nearer a deal with the U.S. that could restore Iranian oil exports to global markets.

The Independent UK

Oil giant Esso wins High Court injunction to stop protesters disrupting pipeline construction

Activist tunnelled underground near M25 – named in court order – accuses firm of ‘pouring fuel onto the flames’ of a world ‘on fire’

ABC News

ASX closes at 10-week high as BHP unveils record dividend, Tassal accepts $1.7b takeover bid

Australian shares have risen to their highest level in 10 weeks as BHP reports its second-highest profit ever, James Hardie lowers its profit forecasts due to surging inflation and Tassal accepts a $1.7 billion takeover bid from Canadian aquaculture company Cooke Inc.

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