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The Latest Breaking News from Oil

FTSE 100 Live: Traders upbeat as blue-chip shares surge, oil above $120 a barrel

Traders returning after the long weekend were in upbeat mood today as the FTSE 100 index rallied more than 1%.

Evening Standard

How the art of Daniel Boyd turns over the apple cart of accepted white Australian history

Daniel Boyd’s solo exhibition Treasure Island, now on at the Art Gallery of New South Wales, is a deeply political and personal interrogation of Australia’s colonial history.

The Conversation

Europe shows ‘laissez-faire’ economics is not the answer to the cost of living crisis

WHEN it comes to the cost of living crisis, UK Chancellor Rishi Sunak likes to paint a picture of himself as helpless in the face of forces beyond…

The National (Scotland)

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Saudi Arabia hikes July crude prices surprisingly high for Asia buyers

Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.

Reuters

BPCL setback: Govt to push asset sales

NEW DELHI: The Centre is set to give a fresh push to its privatisation drive after facing a setback over the sale of state-run oil refiner BPCL and will make a renewed bid to complete the transactions of a clutch of companies in the current fiscal year.

The Times of India

Gas rigs transform into undersea paradise

Retired oil and gas production rigs are being developed into a tourist attraction for the first time in Thailand, in an attempt to create a new diving destination in the South.

Bangkok Post

Boom time for Thai cannabis

Cannabis is scheduled to be removed from the Category 5 narcotics list on Thursday, allowing people to grow an unlimited number of plants at home.

Bangkok Post

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Get ready for 'reverse currency wars' phenomenon

The US dollar is up 12% against the euro over the past year and, at €0.93 (34.22 baht), is approaching parity. If prices of oil and other commodities now seem high in dollar terms, they look even higher in euros. With the greenback surging, and inflation in many countries currently…

Bangkok Post

JSP poised to ramp up CBD oil production

JSP Pharmaceutical Manufacturing (Thailand) plans to increase production of cannabidiol (CBD) oil, extracted from cannabis and hemp, to 30,000 kilogrammes by the second half, up from 300kg, to serve demand for CBD mixtures in products ranging from food to cosmetics.

Bangkok Post

Alan Kohler: It’s 1973 all over again, but with a greater energy cost for Australia

After a century of gearing the entire global economy to burning fossil fuels, it was never going to be easy or cheap to switch to sunshine and wind.

The New Daily

5 Reasons Why It’s Finally The Time To Sell Big Oil

Major oil stocks like ExxonMobil are reaching extremes on a fundamental, technical, and comparative basis. Time to short crude in a non-crude way.

StockNews.com

Biden should not visit Saudi, meet crown prince, Democratic Rep. Schiff says

U.S. President Joe Biden should not visit Saudi Arabia or meet its Crown Prince Mohammed bin Salman, who approved an operation to capture or kill murdered journalist Jamal Khashoggi, according to U.S. intelligence, a leading Democratic lawmaker said on Sunday.

Reuters

France in talks with UAE to replace Russian oil supplies

France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European Union ban on Russian crude, Finance Minister Bruno Le Maire said on Sunday.

Radio France Internationale

European shipping firms ‘making a mockery’ of Russia sanctions as oil cargoes double

Exclusive: Campaigners say EU-based shipping firms have made a ‘mockery’ of plans to sanction Russia

The Independent UK

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Asharq Al-Awsat

Moscow Expects Big Jump in Profits from Energy Exports in 2022

Russian Foreign Minister Sergei Lavrov on Saturday said Western sanctions would have no effect on the country's oil exports and predicted a big jump in profits from energy shipments this year. "Considering the price level that has been established as a result of the West's policies, we have suffered no…

Tribune News Service

Iran’s seizure of oil tankers a response to ‘robbery,’ leader says

Iran’s supreme leader said his country’s seizure of two Greek oil tankers in Persian Gulf waters last month was a direct response to the U.S. and Greece’s “robbery” of Iranian crude.

Salon

Your guide to hot-weather meal prep

Or: "How to eat well when it's too hot to keep turning on your oven"

Los Angeles Times

9th Circuit Court blocks permits for fracking off California coast

LOS ANGELES — The U.S. 9th Circuit Court of Appeals on Friday blocked fracking off the California coast, ruling that the federal government must complete a full environmental review before approving permits for such offshore oil drilling platforms.

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Radio France Internationale

Nigeria disturbed by acute fuel shortfalls

Motorists queuing for several hours at petrol pumps in the Nigerian capital, Abuja, has become the new normal after an acute scarcity in fuel earlier this year. In February, the government announced that bad fuel containing a high level of methanol was imported into the country by oil marketeers and…

The Guardian - UK

Dylan and Will McMahon: brothers behind the UK’s only baby milk producer

The brothers helping run Kendal Nutricare on being ‘best mates’, working with their father and tackling a US shortage

Bangkok Post

Lecturer killed in furnace explosion

SAKON NAKHON: An investigation is under way into an explosion at a furnace used for extracting oil from plastic waste in which a university lecturer was killed and a colleague injured.

The Independent UK

Supreme leader acknowledges Iran took oil from Greek tankers

Iran’s supreme leader Ayatollah Ali Khamenei has acknowledged that Iran took oil from two Greek tankers last month in helicopter-launched raids in the Persian Gulf

Asharq Al-Awsat

Khamenei Says ‘Enemies’ Triggering Unrest in Iran to Overthrow Govt

Iranian Supreme Leader Ali Khamenei on Saturday blamed recent protests in Iran on foreign "enemies" seeking to overthrow the government. He also said the United States and its allies were waging a "psychological war" against Iran by accusing it of piracy for seizing two Greek ships after the United States…

Asharq Al-Awsat

Kyiv Envoy Says Russia Sent 'Stolen' Grain abroad Including to Turkey

Ukraine's ambassador to Ankara on Friday accused Russia of "stealing" and sending Ukrainian grain abroad to countries including Turkey. "Russia shamelessly steals Ukrainian grain and sends it overseas from Crimea, including to Turkey," said Kyiv's envoy in Ankara, Vasyl Bodna. "We have asked for Turkey's help to resolve the issue,"…

The Independent UK

Six easy recipes for the ultimate picnic

There are so many ways to picnic – here’s David Tanis’ suggestions

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