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The Latest Breaking News from Oil

Ecuador inks temporary oil moratorium deal with indigenous groups

The government of Ecuador and indigenous leaders on Friday signed a deal to declare a temporary development moratorium on 15 oil blocks and suspend new mining contracts until a law about prior community consultations is in place.

Reuters

3 Ways To Earn High Yields As Energy Prices Surge

As the natural gas Oct. 22 futures retreated from record highs of $9.98 per cubic foot to $8.27 per cubic foot, the SPDR Energy Select Sector Fund (ARCA: XLE) fell by .80%.

Benzinga

Sichuan fondue and cheat’s custard tart: Rosheen Kaul’s Chinese-ish recipes

Drawing from her eclectic mix of backgrounds, Kaul shares three joyfully inauthentic, colourful recipes

The Guardian - AU

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3 Oil Stocks That Are Better Buys Than Occidental Petroleum

Russia is threatening to cut energy supplies to Europe, which could keep oil prices elevated this year. While rising oil prices should help the energy industry thrive, Occidental Petroleum (OXY) is not well-positioned to capitalize on the industry tailwinds. However, one could benefit from the industry’s solid prospects by investing…

StockNews.com

What happened in the Russia-Ukraine war this week? Catch up with the must-read news and analysis

Ukraine’s push to retake Kherson a symbol of Kyiv’s hope; UN seeks demilitarised zone around Zaporizhzhia nuclear plant; Russia intensifies energy war

The Guardian - AU

The Guardian view on Truss’s energy price cap: right policy for the wrong reasons

Editorial: Instead of plans to bring on greener sources of power generation, the prime minister wants to drill for oil and frack for gas

The Guardian - UK

Can Agriculture ETFs Continue To Soar After A Great August?

The agricultural commodity market has been an area to watch lately, given worries over the growing global food crisis and rising prices. Global food prices are surging at the fastest pace ever as the war in Ukraine has disrupted crop supplies, piling up more inflationary pain on consumers and worsening…

Benzinga

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Nasdaq Jumps Over 200 Points, Crude Oil Rises Sharply

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Friday.

Benzinga

‘A broken system’: campaigners urge Liz Truss to rethink energy plan

Climate activists, anti-poverty groups and trade unionists plan wave of protests in autumn

The Guardian - UK

Fracking - Nottinghamshire identified as potential hotspot

The British Geological Survey highlighted four potential fracking sites before it was banned in 2019

Nottingham Post

Niger Delta oil spills bring poverty, low crop yields to farmers

Industry insiders say six decades of oil exploration have made the Niger Delta one of the most polluted places on earth.

Al Jazeera

With gas-fueled car ban, California hopes to lead the nation. Can it deliver?

LOS ANGELES — It was the sort of bold, climate-focused initiative that California has developed a reputation for — an effective ban on the sale of new gasoline-powered cars by 2035.

Los Angeles Times

Russia warns the West: energy price cap will be your undoing

Russia warned the West on Friday that plans to try to cap the price of Russia's oil and gas exports in retaliation for the war in Ukraine would fail and ultimately lead to the instability of the United States and Europe.

Reuters

‘A leader of the world’: south-east Asian countries open to Putin pivot

Only Singapore has imposed sanctions, while others have been receptive to Moscow’s offers of friendship

The Guardian - UK

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Tribune News Service

Biden team weighs new oil release among steps to rein in prices

WASHINGTON — Officials within President Joe Biden’s administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation’s emergency crude reserves.

Tribune News Service

Matthew Fox saves the world in Peacock’s climate change thriller ‘Last Light’

The cast of “Last Light” wants you to be scared. They also want you to do something.

StockNews.com

1 ETF Most Investors Still Find Attractive Right Now

Despite gaining more than 40% year-to-date, Energy Select Sector SPDR Fund (XLE) still looks attractive to investors due to the expected rise in energy prices by the end of this year. Therefore, it could be wise to buy this ETF now. Read on….

Wales Online

Wales set for massive row with Westminster as Liz Truss plans to lift the ban on fracking

Mark Drakeford said fracking plans are a 'contradiction of the climate crisis'

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StockNews.com

1 Energy Stock That Makes a Great Addition to Your Portfolio

Leading Oil & Gas company APA Corporation (APA) reported impressive second-quarter financials, and the stock has gained in double digits so far this year. The company is well-positioned to witness solid growth in the upcoming quarters, driven by its diversified portfolio, strategic acquisitions, and sustained energy demand. So, we think…

The Conversation

Liz Truss's energy plan freezes bills – but leaves dysfunctional market intact

The energy payments package announced by Prime Minister Liz Truss tackles one immediate problem: it heads off soaring household energy bills by capping them at around £2,500 a year until 2024 and offers to hold down prices for businesses. Essentially, the government will cover a sizeable share of your energy…

Reuters

Central African nations eye pipelines and hubs to end energy poverty

Central African countries signed a deal on Thursday to create a regional oil and gas pipeline network and hub infrastructures which backers say will strengthen energy supply and reduce dependence on imports of refined products.

The Guardian - UK

Does Liz Truss’s plan offer solutions to the UK’s energy crisis? Our panel’s verdict

Prices for consumers are capped, but with no windfall tax on oil or gas giants, taxpayers will foot this bill

Evening Standard

Chemicals billionaire Jim Ratcliffe renews fracking calls to after Truss energy plan

The Ineos founder, one of Britain’s richest men, wants to drill for shale gas after Liz Truss backs home-grown energy

Daily Mirror

12 problems in the small print of Liz Truss's plan to cap your energy bills this winter

The new Prime Minister unveiled plans to limit energy bills from rising above £2,500 a year for most Brits. But there are plenty of nasty details hidden in the small print

The Independent UK

Starmer says Truss ‘driven by dogma’ over refusal to back expanded windfall tax

Labour leader suggests the Prime Minister is on the side of oil and gas companies and not voters.

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