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The Latest Breaking News from Oil

Rishi Sunak accused of conflict of interest over wife's links to oil giant Shell

Rishi Sunak's wife Akshata Murty owns an estimated £690 million stake in her father’s firm Infosys - which last year signed a lucrative pact with money-spinning oil giant Shell

Daily Mirror

Morrisons, Waitrose and Asda warnings as customers asked to return pasta and fish

Customers have been urged not to eat the foods and will be offered a full refund.

Daily Record

Congo peat swamps are under threat — with catastrophic environmental consequences

Regularly flooded peat swamp forests contain so much carbon because waterlogging slows the decay of dead plants.

Inverse

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ADNOC Reveals Second Gas Discovery in Abu Dhabi Offshore Block

Abu Dhabi National Oil Company (ADNOC) revealed on Friday a second discovery of natural gas resources in the first exploration well in Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni. The find from a new deeper reservoir.

Asharq Al-Awsat

Morrisons, Tesco and Asda warnings as customers urged not to eat pasta and fish

Customers are urged not to eat the items but instead return them to the store for a full refund

Liverpool Echo

Farmers plant record area to canola as oilseed prices soar

Eye-watering prices have led canola farmers to sow a record number of hectares this year, but will yields match last year's crop?

ABC News

Mexico's Pemex says 1 dead, 1 missing after incident at Madero refinery

Mexican national oil company Pemex said one person was dead and another missing on Friday after an "incident" caused by a storm at the Madero refinery in the state of Tamaulipas.

Reuters

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Lower fuel prices push by Brazilian president Jair Bolsonaro hurts Aussie farmers

Brazilian politics might be half a world away but that hasn't stopped a president's populist push from putting pressure on Aussie farmers.

ABC News

Sailing down the Stuart Highway, Guts Touring revives the Blackfella/Whitefella spirit

In the year Midnight Oil plays its farewell tour, another group of musicians is taking inspiration from the Oils' iconic 1986 'Blackfella/Whitefella' tour with the Warumpi Band, touring from the Top End all the way down to Tasmania.

ABC News

Manchin's deal packed with concessions

Manchin's deal is filled with measures "that are helpful to our business," energy executive says

Salon

Scotland needs ‘renewables revolution’ after climate change-fuelled heatwave

ENERGY companies and governments pursuing oil and gas have faced fresh criticism as new research confirms this month’s heatwave was made ten times…

The National (Scotland)

Lebanon Optimistic on Reaching Maritime Border Deal with Israel

Lebanese Foreign Minister Abdallah Bou Habib said on Friday there is more optimism than ever on reaching a deal to delineate the country's maritime border with Israel via US mediation, according to a tweet from the ministry's account. "There has never been optimism to the extent that there is today,"…

Asharq Al-Awsat

Crude Oil Rises Sharply; Amazon Tops Q2 Views

U.S. stocks traded higher midway through trading, after recording gains in the previous session.

Benzinga

Oil company profits boom as Americans reel from high fuel prices

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

The Guardian - US

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Evening Standard

Oil giants report record results amid petrol and energy price hikes

Exxon Mobil, Chevron and Shell all came out on top in second quarter financials

Bangkok Post

Oil giants report record profits

The two largest US oil companies, Exxon Mobil and Chevron Corp, reported record revenue and profits on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European giants a day earlier.

Texas Observer

Energy Advocates Urge Biden to Declare Climate Emergency

Intervention by the federal government could protect Gulf Coast "sacrifice zones" while keeping the power on amid record temperatures.

Belfast Live

Northern Ireland fuel and home heating oil cost variations across the country as prices drop

Fuel prices remain on a downward trend

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Al Jazeera

Will the Middle East be a flashpoint between the US and China?

With the US potentially pivoting away from the Middle East, will China rush in to fill the gap?

Asharq Al-Awsat

ADNOC Distribution to Acquire 50% Stake in 'TotalEnergies Egypt'

Abu Dhabi National Oil Company (ADNOC) Distribution agreed with "TotalEnergies Marketing Afrique SAS" to acquire a 50 percent stake in TotalEnergies Egypt for about $186 million, with an additional earn-out of up to $17.3 million. TotalEnergies Egypt was established in 1998 and is a leading global multi-energy company with a…

WEKU

Climate experts experience an odd sensation after the Manchin budget deal: optimism

Democrats in Congress look ready to pass legislation with significant climate change elements that push the country closer to President Biden's ambitious goals.

The Guardian - UK

Dolma, moussaka, and koftas: Aleksandar Taralezhkov’s summer courgette recipes

Seasonal courgettes as they do it in Bulgaria: stuffed into dolma with smoky bulgur wheat and tomato, fried with feta and onion into golden patties, or as a base of a lighter lamb moussaka

Evening Standard

Best sex toys for couples including vibrators, rings, gels and restraints

Because two is a party

The Independent UK

Cost of living – live: Borrowing money to pay energy bills could ‘spark housing crisis’

Oil and gas companies report landmark earnings as households crippled by price caps

ABC News

Why is diesel so expensive? Retailers are charging 20c per litre more than they should, fuel watchers say

Australians are paying about 20 cents a litre more for diesel than they should be, consumer advocates say. They say there doesn't seem to be a good answer for the high prices.

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