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The Latest Breaking News from Oil

OPEC meeting kicks off with benchmark oil prices under pressure

In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European…

France 24

A troubled new power plant leaves Jordan in debt to China, raising concerns over Beijing's influence

Jordan has built a giant power plant meant to fulfill great hopes for energy independence

The Independent UK

Refill supplies to HPCL cooking gas users hit

Cooking gas refill supplies to customers of Hindustan Petroleum Corporation Ltd (HPCL) are taking more time than usual with the national oil marketing company modernising its ERP platform.

The Hindu

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V-C of Telangana horticulture university is new oil palm RAC chairperson

According to university officials, Ms.Prabhakar has been made the RAC chairperson with retrospective effect from June 13 and she will be heading the 10-member committee for a period of three years.

The Hindu

All of your grilling questions answered

Stumped by the grill? Here are some helpful tips (and a bonus recipe!) to help brighten up your summer

Salon

F1 bosses and drivers warn 'selfish' protest will put lives at risk at British Grand Prix

Just Stop Oil protestors disrupted the British Grand Prix in 2022, running onto the track at Silverstone after Alfa Romeo's Zhou Guanyuan crashed on the opening lap

Daily Mirror

UAE announces plans to invest $54B in energy and triple renewable sources

The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands

The Independent UK

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Concessions for import of silk and palm oil have hit local farmers hard, claims farmers’ body

The Federation of Karnataka State Farmers’ Association has complained that the concessions extended to import of raw silk and palm oil have hit the indigenous sericulture and coconut farmers hard.

The Hindu

Pure petrofiction: why writers will keep drilling for stories about oil

From tales of ‘hissing’ oilmen to ‘crying’ trees, novels about petroleum and its devastating effect on communities and the environment are powerful fiction for our times – with the potential for prophecy

The Guardian - UK

Sainsbury's boss insists food prices ARE starting to fall in boost for shoppers

Supermarket boss says prices will remain higher since Russia's invasion of Ukraine, when a number of key commodities from wheat to oil surged in cost

Daily Mirror

"Armageddon" at 25: An anti-science epic

"Armageddon" isn't just scientifically inaccurate — experts also say that it is downright hostile to intellectuals

Salon

Fears for Libyan oil production amid military threats

Gen Khalifa Haftar warned of military action unless oil revenues are divided fairly

The Guardian - UK

Shapps: Not awarding new oil and gas licences is ‘bonkers policy’

Green MP Caroline Lucas urged the Government to ‘rule out’ new licences.

The Independent UK

Which is the Top Energy Stock Pick for July: Marathon Oil Corporation (MRO) or Cheniere Energy (LNG)?

Despite a challenging macroeconomic environment, the energy sector continues to experience strong demand. As a result, leading industry players Marathon Oil (MRO) and Cheniere Energy (LNG) should benefit. To determine the top pick between the two stocks, let's delve further into their fundamentals.

StockNews.com

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The Walrus

Ten Years after Disaster, Lac-Mégantic Is a Model for a Greener Future

Rebuilding from scratch meant the Quebec community could become more sustainable than ever

The Hindu

As demand for plant-based products increase, value-added products from coconut are in the spotlight

Value-added products from coconut, like cosmetics, ready-to-cook pastes, and gel drinks are in the spotlight

The Week

Desertification: Iraq’s worsening water crisis

When many thousands of Iraqis turn on their taps “nothing comes out”, said Hayder Indhar for Phys.org.

Evening Standard

Sainsbury profits could hit £700m, but it insists food costs are falling

Costs of toilet paper and chicken are down

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The Conversation

The earth might hold huge stores of natural hydrogen – and prospectors are already scouring South Australia for it

Hydrogen comes in an ever-increasing range of colours. Green hydrogen, made by cracking water into oxygen and hydrogen. Blue hydrogen, made from natural gas with the carbon emissions captured and stored. Grey hydrogen, using natural gas with carbon dioxide emissions released to the atmosphere.

Bangkok Post

OR opens laundry service in Cambodia

SET-listed PTT Oil and Retail Business (OR) continues to expand its non-oil businesses overseas by opening a laundry service at its filling station in Cambodia.

The Independent UK

Braverman to meet police and sporting leaders over Just Stop Oil protests

Ministers fear further ‘guerrilla protests’ will follow the action seen last week at the Ashes.

Barchart

Crude Relinquishes Early Gains on Energy Demand Concerns

August WTI crude oil (CLQ23 ) on Monday closed -0.85 (-1.20%), and Aug RBOB gasoline (RBQ23 ) closed down -8.25 (-3.24%). Crude oil and gasoline prices Monday gave up an early rally and closed moderately lower. A stronger dollar Monday weighed on energy prices. Also, energy demand concerns undercut oil...

Chronicle Live

Shoppers over the moon with £17 'peaceful' Neom oil which has a 'heavenly, relaxing scent'

The Perfect Peace Essential Oil Blend by Neom London is aptly named, according to many of the 4.6 star reviews online.

The Hindu

India refiners start yuan payments for Russian oil imports, say sources

Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments.

Barchart

Crude Gains as Saudi Arabia Extends its Production Cut

August WTI crude oil (CLQ23) this morning is up +0.55 (+0.78%), and Aug RBOB gasoline (RBQ23) is down -1.39 (-0.55%). This morning, crude oil and gasoline prices are mixed, with crude posting a 1-week high. The main bullish factor for crude prices is today's action by Saudi Arabia to announce...

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