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The Latest Breaking News from Oil

With the world in ‘turmoil’, a new ‘Quad’ comes into place

India, Israel, US and UAE come together to boost business and diplomatic ties and to hedge bets in a world of turmoil.

Al Jazeera

‘People are waking up’: fight widens to stop new North Sea fossil fuel drilling

From trade unions to a bishop, activists are uniting to keep the UK government to its North Sea climate commitments

The Guardian - UK

Oil Prices Rise Ahead of Potential Large US Rate Hike

Oil prices rose on Thursday, with Brent breaking above $100 a barrel, as investors weighed tight supplies against the prospect of a large US rate hike that would stem inflation and curb crude demand. Brent crude futures for September climbed 68 cents, or 0.7%, to $100.25 a barrel by 0400…

Asharq Al-Awsat

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Murkowski presses Interior to advance drilling in Alaska's Cook Inlet, boost wildfire mitigation

WASHINGTON — U.S. Sen. Lisa Murkowski urged the Interior Department to advance drilling in Alaska’s Cook Inlet and distribute wildfire prevention funding during a Senate hearing Wednesday.

Tribune News Service

Colombia’s incoming finance minister wants fair capitalism

Colombia’s next finance minister says the left-leaning government taking office next month will focus on increasing taxes on the rich so it can spend more on poverty programs

The Independent UK

Elon Musk Says This Battery Metal Is The New Oil: But Should The Vehicle Connoisseur Take His Foot Off The Accelerator?

Albemarle Corporation (NYSE: ALB) and a number of other stocks in the lithium sector gained ground recently, not only because the S&P 500 experienced a bullish reaction to the release of the Federal Reserve's monthly minutes, where the Fed

Benzinga

TAT cautiously upbeat on domestic trips

Inflation and volatile oil prices remain the key factors hitting domestic trips, despite positive travel sentiment during the five-day weekend for government employees, according to the Tourism Authority of Thailand (TAT).

Bangkok Post

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Federal funding pitch for Beetaloo Basin infrastructure ramps up

Infrastructure necessary for oil and gas companies to reach production in the Beetaloo has been added to a national list of priority investments.

ABC News

Analysis: Biden tying himself in knots over looming Saudi Arabia visit

WASHINGTON — President Joe Biden has boasted frequently about his own penchant for truth-telling, reminding the public about his promise to “give it to you straight.”

Los Angeles Times

Iran, not oil, is the main topic of Biden’s trip among Middle Eastern leaders

JERUSALEM — Many in the United States view President Joe Biden’s trip to the Middle East that began Wednesday as a mission to lower oil prices. But leaders throughout the region see it as a chance to hash out disagreements over Iran.

Los Angeles Times

Libya's NOC chief ignores government order firing him

The head of Libya's National Oil Corp (NOC), Mustafa Sanalla, ignored a government order sacking him on Wednesday as he returned to Tripoli from Islam's haj pilgrimage, but said he would make a speech later.

Reuters

Hezbollah chief vows 'no one' will extract gas, oil from maritime zones if Lebanon unable to do the same

The head of powerful armed group Hezbollah said on Wednesday that if Lebanon was not allowed to extract oil and gas from maritime fields bordering Israeli fields, "no one will be".

Reuters

Energy-producing states lag in latest economic numbers

Amid worries about a possible recession, energy-producing states had the biggest drops in GDP during the first quarter of this year, despite skyrocketing oil and gas prices, new government figures show.

Tribune News Service

Cooking oil prices ease marginally in wholesale market

Retail consumers and food businesses yet to get the benefit of reduction

The Hindu

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The Independent UK

Hungary declares 'energy emergency' over threat of shortages

Hungary’s government has declared an “energy emergency” in response to supply disruptions and skyrocketing energy prices in Europe

Benzinga

ConocoPhillips (COP) Wins Approval To Develop Tommeliten Field

ConocoPhillips (NYSE: COP) received approval from the U.K. and Norway authorities for the development and operation of the Tommeliten A field in the North Sea.

StockNews.com

This 1 Energy Company Could See Some Significant Upside in the Near Term

Shares of Shell Plc (SHEL) have slumped nearly 17.8% over the past month. However, given the rising oil prices, company-wide strategic advances, and partnerships, SHEL is expected to witness significant upside in the coming months. Read on to learn more.

The Times of India

5 major causes for acne and how to treat it

Acne is an inflammatory skin condition, caused by a chain of events that happen in a skin pore. It begins with the overactivity of the sebaceous gland, which supplies sebum in excess amounts to the connected hair follicle. Hormones, especially the androgens in the body, play a significant role in…

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Benzinga

Robinhood And 3 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Wednesday after dropping sharply in the previous session. Investors, meanwhile, focused on some notable insider trades.

The Independent UK

Decommissioned oil rig arrives to be transformed into art installation

The disused structure will be covered in plants and trees and feature a 10-metre waterfall

Radio France Internationale

Biden in Middle East to strengthen ties in wake of global crises

US President Joe Biden will visit Israel and Saudi Arabia. Israel expects the US to be firmer with Iran, while the visit to Saudi Arabia marks a diplomatic U-turn.

Wales Online

'Festival of Brexit' rusty oil rig arrives off British coast as part of art project

Feature of UNBOXED: Creativity in the UK

Bangkok Post

Explainer: Sri Lanka's turmoil

Sri Lanka has declared a state of emergency after the crisis-hit nation's president fled to the Maldives, with protesters also demanding the prime minister quit.

Pedestrian.tv

Moisturising In The Shower Is The #1 Winter Hack I Swear By To Soothe My Seriously Dry Skin

Let me pass on my flakes of knowledge.

Reuters

U.S., Europe working out details on Russian oil price cap -U.S. official

The United States is holding "detailed discussions" with the European Union and United Kingdom to iron out specifics of a price cap on Russian oil, National Security Adviser Jake Sullivan said on Wednesday.

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