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The Latest Breaking News from Oil

The Top 3 Shipping Stocks With Great Momentum

The demand for shipping services is expected to stay afloat on the backs of international trade. Therefore, investors could look to buy fundamentally strong shipping stocks Teekay Corp. (TK), Overseas Shipholding Group (OSG), and StealthGas Inc. (GASS), which are riding the tides of momentum. Continue reading….

StockNews.com

A necessary ‘sacrifice’: Nigeria ends almost 50 years of fuel subsidies

More than two weeks after announcing the end of fuel subsidies dating from the 1970s, Nigeria's new President Bola Tinubu called the move a necessary "sacrifice" and promised Nigerians "massive" investment in public services in return.

France 24

Crude Prices Fall after Weekly EIA Crude Inventories Unexpectedly Climb

July WTI crude oil (CLN23 ) this morning is down -0.60 (-0.86%), and July RBOB gasoline (RBN23 ) is down -0.34 (-0.13%). July Nymex natural gas (NGN23 ) is up +0.003 (+0.09%). Crude oil and gasoline prices this morning are mixed. Crude prices gave up an early advance and moved...

Barchart

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Brooklyn Beckham under fire AGAIN as fans slam him for 'out of touch' cooking video

Brooklyn Beckham shared a video promoting Chosen Foods avocado oil when he used a full bottle, which retails from between $15 and $20 (£12 - £16)

Daily Mirror

That’s brunch: Goan-inspired coconut and cabbage fritters

Fried to crispy perfection, these fritters make an excellent side dish or brunch served with poached eggs, says Katie Wright

The Independent UK

Germany coalition staves off implosion with 11th-hour heating law amendment

Environmental groups criticise revision of law that would have banned installation of gas and oil systems

The Guardian - UK

Peak in global oil demand ‘in sight before end of decade’

International Energy Agency says demand will grow by 2.4m barrels a day in 2023 to record 102.3m

The Guardian - UK

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Shell ditches lower oil production target but insists it's committed to cutting emissions

Shell has effectively abandoned a plan to cut oil production by 1-2% per year until the end of the decade

The Independent UK

Sainsbury's cuts price of everyday essential product across all UK stores

The price of its two-pack Super Soft White Toilet Tissue Double Rolls has been reduced by 21p, from £1.90 to £1.69, while the four-pack version has been cut by 33p, from £3.25 now £2.92

Daily Mirror

Roasted grape, honey and feta crostinis are perfect dinner party canapes

These little bites of sweet and salty were inspired by Crystelle Pereira’s focaccia on Bake Off, and they go down a treat, says Katie Wright

The Independent UK

Shell drops target to cut oil production as CEO aims for higher profits

Wael Sawan prioritises shareholder payouts, setting out plan to keep oil production steady until 2030

The Guardian - UK

Warning to owners as dog dies after eating palm oil berg - what you need to know

This is everything dog owners should know about palm oil bergs as a dog dies after eating one on a beach

The National (Scotland)

BAFS to construct new B1.2bn oil pipeline

Bangkok Aviation Fuel Services Plc (BAFS) plans to build a new oil pipeline to link networks together, in order to boost its trade in the northern region.

Bangkok Post

Oil producers say tech will soon handle climate-wrecking fumes. US envoy Kerry says be skeptical

U.S. climate envoy John Kerry is urging skepticism about claims that technological breakthroughs mean humans soon will be able to adequately capture the climate-wrecking fumes from burning fossil fuels

The Independent UK

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Bangkok Post

Ministry told to explore diesel tax cut extension

Prime Minister Prayut Chan-o-cha assigned the Finance Ministry and relevant agencies on Tuesday to study the possibility of extending the excise tax cut on diesel of 5 baht per litre, which is scheduled to end on July 20 this year.

Barchart

Crude Prices Finish Sharply Higher on Hopes for Additional China Stimulus

July WTI crude oil (CLN23 ) on Tuesday closed up +2.30 (+3.43%), and July RBOB gasoline (RBN23 ) closed up +7.53 (+3.03%). Crude oil and gasoline prices Tuesday rallied sharply. A slump in the dollar index Tuesday to a 3-week low was bullish for energy prices. Also, the outlook for...

StockNews.com

3 Energy Stocks With Enormous Growth Potential

As the stronger-than-expected rebound of the Chinese economy and tight supplies appear to be beneficial for the energy market, fundamentally strong energy stocks North American Construction Group (NOA), Ranger Energy Services (RNGR), and Graham Corp. (GHM) might be ideal additions for your portfolio, due to their high growth potential. Read…

Barchart

Crude Prices Jump on the Outlook for Additional China Stimulus

July WTI crude oil (CLN23 ) this morning is up +2.02 (+3.01%), and July RBOB gasoline (RBN23 ) is up +6.71 (+2.70%). July Nymex natural gas (NGN23 ) is up +0.072 (+3.18%). Crude oil and gasoline prices this morning are sharply higher. A slump in the dollar index today to...

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Homes & Gardens

How to make mosquito repellent – pest control experts' favorite homemade recipes, without the chemicals

Pest control experts explain how to make your own mosquito repellent, for a quick natural solution to these irritating insects

Axios

Biden's climate policy makes the left sweat 2024

Climate voters may be less motivated to be engaged with the campaign or vote for Biden given his approval of fossil fuel projects.

The Independent UK

BBQ salad recipes without a soggy lettuce leaf in sight

Side salads deserve their time in the sun too, says Hannah Twiggs. Let these recipes inspire your next summer party

The Independent UK

Joe Joyce on heavyweight knockouts, oil painting, and teaching 60-year-olds to swim

Exclusive interview: The Briton reflects on the creative endeavours that gave way to a ‘destructive’ career in the ring

The Guardian - UK

The Black Demon review – daft but fun giant-shark mayhem on Mexican oil rig

Sincere performances and lively banter turn hokey into entertaining as Josh Lucas’s engineer and his family do battle with a megalodon

The Independent UK

UN says insurance coverage secured to salvage rusting oil tanker off Yemen

The United Nations Development Program says it's secured an insurance coverage to start a ship-to-ship transfer of 1.1 million barrels of crude from a rusting tanker moored off the coast of war-torn Yemen — oil that could cause a major environmental disaster

Space

Space food: Why Mars astronauts won't have to hold the fries (video)

Astronauts with a taste for fried food will be able to indulge during journeys to the moon and Mars. New research shows that frying works in microgravity.

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