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The Latest Breaking News from Oil

US Doubts Khamenei Wants a Nuclear Agreement

The US Undersecretary of State for Political Affairs, Victoria Nuland, said she doubts the Iranian leadership wants to return to the nuclear agreement, saying if the Supreme Leader Ali Khamenei "doesn't take the deal, we're going have to increase the pressure, of course." Nuland recalled the benefits Iran could reap…

Asharq Al-Awsat

Sudan Raises Petrol, Diesel Prices

Petrol prices in Sudan rose on Saturday by 90 Sudanese pounds to 760 pounds ($1.34) per litre, the country’s oil ministry said in a statement. Diesel prices increased by 108 pounds to 748 pounds per liter. There were repeated fuel price hikes last year as Sudan completed a process of…

Asharq Al-Awsat

Iraq: There's Capacity to Increase Oil Production by 200,000 bpd on Demand

Iraq has the capacity to increase its oil production by 200,000 barrel per day (bpd) this year if asked, an executive of Iraq’s Basra Oil Co.

Asharq Al-Awsat

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A serial killer who operated in the notorious Texas Killing Fields used his crimes as a bargaining chip to try to save himself

Dozens of murders and disappearances associated with the Texas Killing Fields remain unsolved. But for a handful of families in the area, a serial killer's confession means they finally have answers.

ABC News

Hundreds Of Climate Change Protestors Descend On Parliament Square

Hundreds of people have descended on Parliament to protest against climate change and the cost-of-living crisis.The coalition of groups, including Just Stop Oil and Insulate Britain, staged a 15-minute sit-in on Parliament Square.One organiser described it as a way of getting people to “dip their toe” in civil disobedience.

Evening Standard

DRC to auction oil and gas permits in endangered gorilla habitat

Sale calls into question protection deal signed at Cop26 as expert warns Congo auction could be a catastrophe for wildlife, health and climate

The Guardian - UK

The Earth's Corr: Politicians as much to blame for allowing 40 years of climate lies from Big Oil

"I think it’s the moral equivalent of a war crime… The consequences of what they’ve done are just almost unimaginable' - Al Gore

Belfast Live

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World's First Bioplastic Vinyl Record Launched in the UK

A British firm says it has produced the world's first bioplastic vinyl record, which it hopes will reduce the need for highly toxic PVC. Bioplastics are derived from sources such as sugars and starches -- rather than oil or gas -- and do not create any toxic waste in their…

Asharq Al-Awsat

Libya to Increase Oil Production to 1.2 Million Bpd in Two Weeks

Libya's National Oil Corporation (NOC) aims to bring back production to 1.2 million barrels per day (bpd) in two weeks, NOC said in a statement early on Saturday. Current oil production is at 860,000 bpd, compared with 560,000 bpd before resuming production, NOC added. Libya's crude production had resumed at…

Asharq Al-Awsat

'Day by day': Trade bans, inflation send food prices soaring

As inflation surges around the world, politicians are scrambling for ways to keep food affordable as people increasingly protest the soaring cost of living

The Independent UK

So many people are obsessed with these 40 weird home products that are clever as hell

Tons of Amazon customers are obsessed with these weird-but-clever home products.

Inverse

What has the Scotland Office been up to for three years under Alister Jack?

The National have analysed the Scotland Office's transparency data to find out who ministers have been meeting with

The National (Scotland)

Scottish Secretary Alister Jack criticised for delivering 'nothing for Scotland'

ALISTER Jack has delivered “absolutely nothing for Scotland” as he marks three years as Scotland Secretary instead cosying up to big business…

The National (Scotland)

Dow Dips More Than 200 Points; Crude Oil Moves Lower

U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping more than 200 points on Friday.

Benzinga

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Reuters

EU sanctions tweak to unblock Russian oil deals with third countries

Russian state-owned companies Rosneft and Gazprom will be able to ship oil to third countries under an adjustment of European Union sanctions agreed by member states this week aimed at limiting the risks to global energy security.

Daily Mirror

Best recipes with Spam as tinned deli-style meat makes comeback in Britain

Created in 1937 by Hormel Foods as a way of using up surplus pork shoulder, Spam is now available in varieties such as Teriyaki, Hot and Spicy, and even Vegan. Here are some recipes you could try

The Independent UK

Hyundai exec vows to improve company's safety track record

Clogged oil ports, electrical shorts and leaks of brake fluid are only some of the safety problems that have caused multiple fires and forced Hyundai and Kia to recall millions of vehicles in the past seven years

The Conversation

Angola's Eduardo dos Santos: a divisive figure in life - and in death

There is unlikely to be consensus on what José Eduardo dos Santos, Angola’s former longtime president who died earlier this month in Barcelona, Spain, will represent in the memory of Angolans.

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Al Jazeera

Ex-Gabon oil firm chief gets 12-year jail sentence for corruption

Allegations of rampant corruption in the extractive sector in Gabon often involve top public officials.

Tribune News Service

Texas’ boom-bust oil and gas business is booming for workers — for now

In the Texas oil patch, average pay has always been higher than in most industries, and it’s apparently rising fast, according to a June energy survey by the Federal Reserve Bank of Dallas.

Evening Standard

M25 protest: Just Stop Oil activists plead not guilty to causing public nuisance over heatwave demo

Cressida Gethin, 20, Alexander Wilcox, 21, and Emma Mani, 45, each pleaded not guilty at Ealing Magistrates’ Court on Friday

Benzinga

Costco Wholesale And 3 Other Stocks Insiders Are Selling

U.S. crude oil futures trading lower this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

Al Jazeera

Mixed reactions as Nigeria’s state oil firm goes private

For years, the oil firm has been plagued with financial transparency issues. Analysts say going commercial could fix it.

Axios

Democrats could lose their reprieve on gas prices

Pump prices are falling sharply, but they could rise again.

The Texas Tribune

Offshore wind farm proposed for Gulf of Mexico near Galveston could power 2.3 million homes

Two proposed wind farms off the Texas and Louisiana coasts would join offshore oil drilling rigs in the gulf as the Biden administration tries to boost the country’s clean energy supply.

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