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The Latest Breaking News from Oil

Biden to call for three-month suspension of federal gas taxes - Roll Call

President Joe Biden on Wednesday will call on Congress to suspend federal gas taxes through September to help motorists.

Roll Call

Best essential oils for sleep to help you drift off peacefully

We asked aromatherapy experts for their insights on which scents will aid your slumber

Evening Standard

Consumer Confidential: The Getty oil fortune, a family scandal and an alleged multimillion-dollar tax scam

For all that we may be getting fed up with the hijinks of billionaires trying to use their fortunes to get their way in business and government, the lifestyles of the rich and famous still have the power to fascinate and shock.

Los Angeles Times

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Ukrainian drone strikes major oil refinery inside Russia in fresh blow for Putin

Flames and a tower of black smoke can be seen billowing into the sky after an explosion close to the Novoshakhtinsk oil refinery in Russia's Rostov region

Daily Mirror

TAQA, ADNOC, Mubadala Enter Binding Agreements for Acquisition of Masdar Stake

Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala, Emirates News Agency (WAM) reported Tuesday. This is a major milestone towards completing…

Asharq Al-Awsat

Europe and UK pour 17,000 tons of cooking oil into vehicles a day

Analysis finds 58% of rapeseed oil in Europe is burned for fuel despite soaring prices and climate impact

The Guardian - UK

Cabinet extends low-income aid

The cabinet on Tuesday approved extending the existing measures for three months devised to alleviate the hardship of low-income earners from the surge in oil prices.

Bangkok Post

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Gas prices are falling nationwide. Will California drivers see some relief?

The average national price of regular gas has slipped under $5, marking the first time the closely watched number has decreased in nine weeks, according to AAA.

Los Angeles Times

Biden, Chevron chief trade sharp words over gas prices

In a pointed back and forth, the head of Chevron has complained that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.”

The Independent UK

Four Texas Democrats in Congress warn Biden against restricting U.S. oil exports

It is the latest example of how Texas Democrats are on edge over the administration’s approach to high gas prices.

The Texas Tribune

Zhoosh up your ice cream like an expert

You won’t need much more than pantry staples to do it

Salon

4 Top-Rated Energy Stocks With Huge Momentum

Oil prices have been skyrocketing amid the global supply crunch and the heightened demand. With oil prices expected to remain elevated, top-rated energy stocks Western Midstream (WES), Birchcliff Energy (BIREF), PrimeEnergy Resources (PNRG), and TransGlobe (TGA), which have been soaring this year, might be ideal buys now. Read on.

StockNews.com

How Washington can help lower gas prices and save your summer vacation

President Biden and Congress should embrace all the tools at our disposal to lessen the impact of skyrocketing fuel costs on American families. Our refining capacity should be increased by reopening existing plants.

Chicago Sun-Times

Oil palm mission: State that pioneered initiative still has potential to be country’s leader, say experts

Karnataka conceived the idea back in 1986 to cultivate oil palm particularly in irrigated regions

The Hindu

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The National (Scotland)

Oil giant's sponsorship of Edinburgh Pride event sparks furious backlash

ONE of Scotland’s largest Pride events is battling fury from the LGBT community after it was revealed the bash was sponsored by a climate…

Benzinga

Why This Exxon Mobil Analyst Expects Big Oil Stock To Deliver 'Excellent Returns'

While many energy majors have cut back on investments in oil and gas, Exxon Mobil Corp (NYSE: XOM) expects the demand for fossil fuels to grow at least in the medium term and has continued to invest in “some of the most attractive oil & gas projects globally,” according to…

The Independent UK

Dan Rinaldi's Rhode Island-Style Fried Calamari

A recipe for Rhode Island-Style Fried Calamari is included in “The Great American Recipe Cookbook.”

Daily Mirror

Vladimir Putin's rumoured girlfriend given two new homes in NATO country, source says

The claim has emerged from Russian-born Israeli businessman Leonid Nevzlin, 62, who is a former co-owner of the oil giant Yukos and a leading enemy of Putin

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The Times of India

5 things you didn't know about Ayurvedic skin illuminator Nalpamaradi Thailam

If you reside in a hot and polluted region, you know how difficult it is to take care of your skin make it look clean, bright glowing. Even after using sunscreen on a daily basis, sometimes our skin tends to get tanned and damaged with time. Furthermore, continuous sun exposure…

The Guardian - UK

Glencore pleads guilty to bribery related to African oil operations

SFO says subsidiary of commodity trading company will be sentenced in November

The Guardian - UK

Which oils are best for cooking?

Extra-virgin olive, sunflower, rapeseed or groundnut? It all depends what you’re making. Here’s how top chefs use them

The Independent UK

Aubergine parmesan sandwiches are an easy dinner for two people

They’re saucy, cheesy and messy in the best way possible – my kind of comfort, says Becky Krystal

Bangkok Post

Refinery contribution for oil fuel fund approved by cabinet

The cabinet on Tuesday agreed to seek financial sources from oil refineries to support the Oil Fuel Fund and to offer tax rebates to promote domestic tourism.

Asharq Al-Awsat

Saudi Crude Oil Exports Rise to Two-Year Peak in April

Saudi Arabia’s April crude exports rose to a two-year peak of 7.382 million barrels per day (bpd) in April from 7.235 million bpd in March, data from the Joint Organizations Data Initiative (JODI) showed on Monday.

Bangkok Post

PTT’s international trading arm confirms no oil shortage in the Thai market despite the Russia-Ukraine crisis

Thai oil and gas conglomerate PTT Group’s International Trading Business unit confirms no shortage of oil in the Thai market despite the ongoing Russia-Ukraine crisis but urges energy-saving discipline from all sectors. In admitting that volatility in global oil prices is uncontrollable, PTT Group recommends application of tools such as…

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