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The Latest Breaking News from Oil

UN chief criticizes `grotesque greed' of oil companies

The United Nations chief is sharply criticizing the “grotesque greed” of oil and gas companies for making record profits from the energy crisis on the back of the world’s poorest people

The Independent UK

EPA announces flights to look for methane in Permian Basin

The Environmental Protection Agency says it will conduct helicopter overflights to look for methane “super emitters” in the nation’s largest oil and gas producing region

The Independent UK

WH says falling gas prices matter more than OPEC numbers

President Joe Biden traveled to Saudi Arabia almost three weeks ago on the possibility that he could get some additional oil production out of OPEC+

The Independent UK

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Can environmental violations define oil and gas companies as bad actors? A judgment awaits

PITTSBURGH — On the evening of July 19, when Allegheny County Council met to override Rich Fitzgerald’s veto of a fracking ban in county parks, council members were shown a black-and-white video of natural gas rushing from a well in Boyce Park.

Tribune News Service

5 Energy Stocks to Be Bullish on Right Now

The oil and gas industry has garnered massive investors’ attention due to the rising prices amid robust demand. Moreover, prices could remain elevated as the supply is expected to remain short. Hence, the energy stocks Diamondback Energy (FANG), Marathon Oil (MRO), ConocoPhillips (COP), Adams Resources & Energy(AE), and APA Corporation…

StockNews.com

‘Grotesque greed’: UN chief Guterres slams oil and gas companies

UN Secretary-General Antonio Guterres urges governments to tax oil and gas companies’ profits amid energy crisis.

Al Jazeera

Types Of Cannabis: The Different Kinds Of Weed, Explained

This article was originally published on 2Fast4Buds and appears here with permission.

Benzinga

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‘Grotesque greed’: immoral fossil fuel profits must be taxed, says UN chief

António Guterres urges governments to introduce windfall levies and use money to support vulnerable people

The Guardian - UK

Dow Jumps 350 Points; Crude Oil Drops Over 2%

U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 350 points on Wednesday.

Benzinga

Shell to give staff 8% bonus after record profits

Payout comes after oil firm reported $11.5bn second-quarter profits amid soaring energy prices

The Guardian - UK

Hashish oil seized, 4 held

Thrissur

The Hindu

Spanish farmers fear olive oil output could plunge a third

Farmers in southern Spain fear extreme drought and consecutive heatwaves this year could cut olive oil output in the world's largest producer by nearly a third in the 2022/23 season.

Reuters

PG owner, YouTuber arrested for peddling hasish oil

Bengaluru

The Hindu

Pelosi’s Taiwan trip could have significant consequences for global economy

Rising tensions between US and China threaten to accelerate decoupling of world’s two biggest economies

The Guardian - UK

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Bangkok Post

Opec+ agrees small oil output rise despite Biden plea

VIENNA: The Opec+ oil cartel agreed to a small increase in production Wednesday, likely disappointing US President Joe Biden who lobbied for a big hike to tame soaring energy prices on a recent trip to Saudi Arabia.

Reuters

Swiss adopt new EU sanctions on Russia, allow oil payments

The Swiss government imposed further sanctions against Russia over the war in Ukraine on Wednesday, in line with the European Union's latest measures on gold and gold products, the cabinet said.

The Times of India

Adani Wilmar Q1 net profit up 10% to Rs 193.59 crore

NEW DELHI: Edible oil major Adani Wilmar Ltd (AWL) on Wednesday reported a 10 per cent growth in consolidated net profit at Rs 193.59 crore for the quarter ended June on higher sales.

Pedestrian.tv

The Greens Will Support Labor’s Climate Bill But Want More Done To Stop Fossil Fuels

"The Greens have improved a weak climate bill and we will pass it, but the fight to stop Labor's new coal and gas mines continues."

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The Guardian - UK

How to make caponata – recipe

Sicily’s famous sweet and sour stew offers plenty of scope to adapt to your own taste … while paying heed to the basics

Daily Mirror

Russia vows to hit Britain and Europe with higher gas and oil prices in chilling threat

Staunch Vladimir Putin supporter Yevgeny Popov vowed to hit the UK and the rest of Europe with soaring energy costs unless "moron" leaders in the West stop "antagonising" the Kremlin over the Ukraine invasion

The Guardian - US

Big oil is wringing humanity dry. We need a fossil fuel non-proliferation treaty

As the climate crisis escalates, oil companies are posting record profits. We must accelerate a fair energy transition

Dynamite News

Ranjit Rath takes over as CMD of Oil India Limited

Rath took charge as CMD of the Navratna PSU under the Ministry of Petroleum & Natural Gas, Government of India, on 2nd August. Full story on Dynamite News:

Benzinga

U.S. Stock Futures Gain Ahead of Services PMI; Crude Oil Drops Over 1%

Pre-open movers

The Independent UK

OPEC+ to decide oil output to world amid high inflation

The OPEC oil cartel and its allies are meeting to decide how much oil to produce in September

Reuters

Drought takes toll on Tuscany's famed olive oil and wine production

Farmers in Tuscany, the heart of Italy's prized wine and olive oil industry, are battling to salvage as much as they can of this year's crop from the ravages of drought and heatwave.

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