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The Latest Breaking News from Oil

I’m a dietitian. Here’s what I really think about seed oils

US LIFESTYLE: Are seed oils as bad for you as influencers claim? Amber Raiken speaks to nutrients about why the cooking oils deserve a better reputation

The Independent UK

Oil prices could spike 10% after the U.S. attack on Iran — 'But don’t be fooled, this may not last'

Based on the closing price of Brent crude on Friday, a 10% jump would send the global oil benchmark to nearly $85 per barrel.

Fortune

Price of oil could spike after Iran’s parliament votes to close key shipping route

Move could cause a global recession and comes in response to the US strikes on three Iranian nuclear sites

The Guardian - UK

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Will Russia stand up for its ally Iran, and how can Moscow benefit from the conflict?

Will Russia stand up for its ally Iran after US struck three Iranian nuclear facilities? What is stronger: the desire to make money on expensive oil and divert the world's attention from Moscow’s war on Ukraine or the fear of losing the ties and contracts built up over the years…

Euronews

Russia’s economy boomed after the invasion of Ukraine—it’s now running out of steam

Record-low unemployment and ultra-hot inflation have put Russia “on the brink” of a recession, its economy minister said.

Fortune

Energy in Europe is also at stake as Israel-Iran conflict escalates

As the Israel-Iran conflict escalates further, there is a mounting fear that natural gas fields are going to be targeted — as well as oil shipping routes. Europe’s liquefied natural gas supply would be seriously impacted, along with its economies.

Euronews

How Iran could retaliate after US bombs its nuclear program

It could be days or weeks before the full impact of the U.S. strikes on Iran's nuclear sites is known

The Independent UK

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How could Iran respond to the U.S. attack on key nuclear sites? Its options are the ‘strategic equivalent of a suicide bombing,’ expert says

“They can strike U.S. embassies and bases, attack oil facilities in the Persian Gulf, mine the Strait of Hormuz, or rain missiles on Israel—but the regime may not survive the blowback.”

Fortune

Scotland's 'bucking international trends' on investment. Is that a good thing?

BILLIONS of pounds are set to flow out of Scotland due to foreign investment figures celebrated by the Scottish Government ...

The National (Scotland)

Spotlight on inflation as state treasurers come clean

Monthly inflation data and state budget updates are set to dominate the economic agenda and shape the Reserve Bank's next cash rate call.

AAP

Sean ‘Diddy’ Combs kept astonishing collection of baby oil and lubricant in humidity-controlled case

As part of evidence presented during his sex trafficking trial, it has emerged Sean ‘Diddy’ Combs kept his astonishing collection of baby oil and lubricant in a humidity-controlled case.

BANG Premier

Nigerian monarch demands $12 bn for clean-up before oil giant Shell exit

An influential traditional chief in Nigeria's oil-rich Niger Delta has demanded that UK energy giant Shell pay $12 billion for environmental pollution before it leaves the region.

Radio France Internationale

Crude Prices Slip as US Holds Back from Iran Attack

July WTI crude oil (CLN25 ) Friday closed down -0.21 (-0.28%), and July RBOB gasoline (RBN25 ) closed up +0.0209 (+0.91%). Crude oil and gasoline prices settled mixed on Friday, with gasoline posting a 10-1/4 month high. Friday's weaker dollar was bullish for energy prices. Crude oil prices turned lower...

Barchart

Weak retail sales and falls in key oil and drug stocks stifle FTSE 100

The FTSE 100 index closed down 17.15 points, 0.2%, at 8,774.65.

Evening Standard

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Barchart

Crude Prices Pressured on Reduced Concern About an Imminent US Strike on Iran

July WTI crude oil (CLN25 ) today is down -0.26 (-0.35%), and July RBOB gasoline (RBN25 ) is up +0.0057 (+0.25%). Crude oil and gasoline prices today are mixed, with gasoline posting a 10-1/4 month high. Today's weaker dollar is bullish for energy prices. Also, concern about the Israel-Iran conflict...

The Conversation

Trump’s first term lies at the heart of escalation between Iran and Israel

The US president, Donald Trump, is weighing up whether to join Israel in attacking Iran. The fact he is even contemplating such a move is, in my opinion, a direct consequence of his 2018 decision to tear up the agreement negotiated during Barack Obama’s presidency that limited Iran’s nuclear capabilities…

MarketBeat

These 3 Dividend Stocks Combine Strong Yields With Upside

These three high-yield dividend stocks are well-positioned to deliver a strong return, making them attractive to both income and growth-oriented investors

Evening Standard

Nigerian communities set to have oil pollution High Court claims tried in 2027

Members of the Bille and Ogale communities began legal action in 2015, claiming they have suffered systemic and ongoing oil pollution for years.

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Al Jazeera

EU squeezes Russia financially to reach ‘peace through strength’ in Ukraine

After banning Russian oil in 2022, the EU proposes phasing out Russian gas and maximising profits from Russian assets.

Fortune

Wall Street reports 65% chance that U.S. will intervene in Iran. Goldman Sachs says OPEC will be key buffer in oil volatility

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there’s a 50% chance of a deal being reached this year.

The Texas Tribune

Texas creating task forces to target Permian Basin oil field thefts

Texas lawmakers passed a suite of bills that officials said are crucial to combat losses in the state’s largest oil field.

International Business Times

Crude Sinks As Trump Delays Decision On Iran Strike

Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran.

Creative Bloq

How to achieve expressive life drawing an an iPad

Artist Rick Graham shows us how he captures a live figure session using an iPad app that replicates real paint.

The Conversation

Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position

The Australian origins of Santos have made an indelible mark on the company’s very name. The energy giant was first incorporated in 1954 under the acronym for “South Australia Northern Territory Oil Search”. It was publicly listed on the Adelaide Stock Exchange that same year.

The Independent UK

Tinned fish: The surprisingly sexy new status symbol

FOOD FOCUS: Once a sad back-up for beans on toast, tinned fish is now a chic deli staple, an Instagram collectable – and surprisingly expensive. Hannah Twiggs meets the man behind the tins everyone’s showing off

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