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The Latest Breaking News from Oil

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

Daily Mirror

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.

The Independent UK

The energy historian who says rapid decarbonization is a fantasy

Vaclav Smil rarely agrees to interviews. Too many in the media have portrayed him as a tool of Big Oil, he says — because he insists on pointing out how deeply dependent humanity is on fossil fuels and how difficult it will be to give them up.

Los Angeles Times

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Bank of Canada gives hope of better times, as oil continues to tumble

Central banks around the world are rising rates, but offering hope that the end is in sight, while crude oil hits a seven-month low.

The New Daily

The Standard View: This fossil fuel crisis requires clean energy solutions

The financial support package set out by the Government today will come as a relief to millions of households and businesses. Part of this plan will also involve expanding our energy supply, including fracking and North Sea oil and gas.

Evening Standard

How will the Government’s energy bills help be paid for?

Prime Minister Liz Truss announced a major new package to help households and businesses with their energy bills.

The Independent UK

Fracking ban lifted by Liz Truss as PM pushes domestic energy to tackle bills crisis

The move will be met with strong opposition from local campaigners and environmentalists

Evening Standard

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Here’s how to reheat your McDonald's in the air fryer

What’s better than McDonald's? McDonald's two days in a row. Here’s how you can reheat leftovers safely in the air fryer.

Daily Record

Analysis-Putin's energy gamble may prove a double-edged sword for Russia

President Vladimir Putin's threat to completely cut off energy supplies to the West in a deepening confrontation over Ukraine could prove to be a double-edged sword for Russia.

Reuters

$Liz Truss lifts fracking ban and pushes domestic energy to tackle bills crisis$

Liz Truss lifts fracking ban and pushes domestic energy to tackle bills crisis

The move will be met with strong opposition from local campaigners and environmentalists.

The Independent UK

Nigerian oil workers threaten to strike if govt doesn't stem theft

Members of a Nigerian oil workers' union are threatening to go on strike if the government does not do more to stem widespread oil theft they say is putting their safety at risk and has cut exports by hundreds of thousands of barrels.

Reuters

Tofu knots: Demystifying recipes for TikTok’s latest trend

The ancient Asian ingredient has been doing the rounds on social media, but what is it and how do you cook it? Hannah Twiggs investigates

The Independent UK

I'm a trained chef and swear by these ridiculously easy recipes to cook in an air fryer when I'm short on time

What to cook in an air fryer according to a trained chef – from energy-boosting snacks and breakfasts to indulgent desserts, they'll be your mid-week winners.

Homes & Gardens

Liz Truss energy plan: £1,000 a year off bills as Prime Minister announces ‘extraordinary measures’

Taxpayers fund £2,500 energy cap to 2024 as help also given to businesses, schools and hospitals

Evening Standard

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Asharq Al-Awsat

Saudi Energy Minister: OPEC+ Does Not Target Specific Price Range

Saudi Energy Minister Prince Abdulaziz bin Salman stressed that OPEC+ did not target specific prices or price ranges, but rather sought to support market stability and balance supply and demand for the benefit of the petroleum industry. Prince Abdulaziz, who chairs the ministerial committee in the OPEC+ alliance, told an…

Evening Standard

How to invest in oil

Soaring energy prices have dominated the headlines over the last year. In the oil sector, the wholesale price of Brent crude oil (a key oil industry measure), is almost five times higher now than in April 2022, and motorists have faced record petrol prices at the pumps.

The National (Scotland)

Douglas Ross defends PM's plan to freeze bills without windfall tax on energy firms

DOUGLAS Ross has defended Liz Truss’s plan to freeze energy bills despite the fact this will hit taxpayers in the pocket over the coming decades.

Bangkok Post

UK seeks more North Sea oil and gas

LONDON: The British government is expected to announce dozens of new North Sea oil and gas exploration licences in an effort to boost domestic production, according to two sources familiar with the government’s discussions.

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Evening Standard

Best cooking oils tried and tested: Olive oil, sunflower oil, rapeseed and more

A stalwart of your kitchen cupboard

Dynamite News

From 2 per cent to 13 per cent, Nirmala Sitharaman explains India's Russian crude oil import

The share of Russian oil in India's overall oil import basket increased from 2 per cent to 13 per cent in a couple of months after the beginning of the Russia-Ukraine war, which led to a spike in energy prices globally, Union Finance Minister Nirmala Sitharaman said on Thursday. Read…

Tribune News Service

Commentary: What does coconut milk have to do with endangered monkeys?

Grocery shoppers may not realize that what they put in their carts can have far-reaching consequences. Case in point: Northern and southern pigtailed macaques are considered globally threatened with decreasing populations, and the International Union for Conservation of Nature just recently reclassified southern pigtailed macaques as “endangered.” What can that…

The Guardian - UK

Big oil and Opec are holding the world to ransom – it’s time to rein them in

The UN’s call for windfall taxes must be taken up by governments to help break the power of greedy cartels

Asharq Al-Awsat

Oil Prices Climb on Tight Supply Worries

Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become. Brent crude futures gained 63 cents, or 0.7%, to…

Evening Standard

Oil and gas giants paying ‘fair share’ of taxes, says minister

The Government faces a growing row over how to fund a massive support package to keep energy bills down

The Hindu

Importing Russian oil part of inflation management, says Nirmala Sitharaman

Other countries were also doing something similar, the Finance Minister said

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