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The Latest Breaking News from Oil

High Interest Rates to Boost Profitability of Saudi Banks

Fitch Ratings predicted that higher oil prices and interest rates will enhance the profitability of Saudi banks during 2022-2023. This comes at a time when the loan-to-deposit ratio of Saudi banks is at its highest level in 15 years. Fitch said that a 200bp increase in interest rates would boost…

Asharq Al-Awsat

What’s it take to become ‘energy congressman of the world’? A video series, perhaps

WASHINGTON — Some congressional candidates might try to obscure their devotion to a particular industry. Not Wesley Hunt.

Tribune News Service

Indonesia considering scrapping domestic sales rule for palm oil exports

JAKARTA: Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding back a recovery of palm oil fruit prices, Trade Minister Zulkifli Hasan said on Friday.

Bangkok Post

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Court reverses Aberdeen man's conviction in Unaoil bribery case

Stephen Whiteley has been exonerated in the third such reversal for cases stemming from the oil company scandal

Insider UK

Saudi Arabia, Russia Stress Expanding Relations

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, held telephone talks on Thursday with Russian President Vladimir Putin. The talks focused on bilateral relations between their countries and ways to bolster them in various fields. They tackled the latest regional and international developments and efforts…

Asharq Al-Awsat

Only one in 10 petrol station prices are ‘fair’ after recent drop in oil costs, experts say

A recent drop in oil prices is not being passed on to consumers at the petrol pump, RAC analysis has found, with unleaded petrol an average of 14p-per-litre overpriced.

Daily Mirror

Coconut oil vs. Olive oil: Which is healthier for the heart?

If you're concerned about your heart health or are caring for someone with a heart ailment, then it is crucial to choose heart-healthy foods.

The Times of India

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Big Oil V the World review – how can these climate crisis deniers sleep at night?

This shocking documentary series reveals the lies oil lobbyists told to undercut democracy, prevent action against global heating – and bring our planet to the brink

The Guardian - UK

Putin and MBS discuss oil in phone call less than week after Biden visit to Saudi Arabia

The two leaders also discussed the friendly relations between Russia and Saudi Arabia.

Axios

FACT FOCUS: Biden cancer remark causes confusion

President Joe Biden’s speech at a former coal-fired power plant in Massachusetts this week led to widespread claims on social media that he made a significant announcement not about climate change, but about his health

The Independent UK

Russia disputes ‘wrongful detention’ classification for Brittney Griner

Griner has been jailed since she was arrested in mid-February at a Moscow airport after vape canisters containing cannabis oil were found in her luggage.

Chicago Sun-Times

Three Just Stop Oil protesters charged with public nuisance after M25 demo

Three environmental protesters who forced sections of M25 to be closed on Wednesday have been charged with public nuisance.

Evening Standard

Congo peat swamps store three years of global carbon emissions – imminent oil drilling could release it

Democratic Republic of the Congo’s government is preparing to auction off a series of licenses to drill for oil in the Congo basin. This threatens to damage around 11 million hectares of the world’s second largest rainforest.

The Conversation

Angola's Dos Santos failed to provide a moral example and stop the plunder of the state

Silence is what comes to define the life and the death of the former Angolan president José Eduardo dos Santos (1942-2022), who died recently at a hospital in Barcelona, Spain, at the age of 79. Putting it slightly differently, his control of what he said and what he left unsaid…

The Conversation

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StockNews.com

2 Killer Stocks No One Is Talking About Right Now

Amid uncertain market conditions, it becomes increasingly difficult for investors to find stocks that can survive the challenges and deliver solid returns. Fundamentally sound stocks Enterprise Products Partners (EPD) and Delek Logistics Partners (DKL), which are currently not on investors’ radar, could deliver exceptional returns. Let’s discuss….

Daily Mirror

Why have petrol prices soared in 2022 and will they ever go back down?

As the cost of petrol and diesel hit record heights earlier this month, we take a look at why prices have soared in 2022 and whether they will ever go back down

The National (Scotland)

Hundreds of eco protesters to descend on Aberdeen for ‘rally and mass action’

HUNDREDS of protesters are set to descend on Aberdeen later this month as part of a five-day camp in the oil capital of Europe.

The Independent UK

Three veg-centric recipes you can harvest from your garden today

Kathy Slack’s debut cookbook takes you through a full year in her veg patch. Here’s what you should be cooking now

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The Guardian - UK

Revealed: oil sector’s ‘staggering’ $3bn-a-day profits for last 50 years

Vast sums provide power to ‘buy every politician’ and delay action on climate crisis, says expert

Inverse

The secret to gut health is already in your mouth

Emerging research shows that the microbes that live in your mouth play an essential role in keeping the body healthy.

Roll Call

What's it take to become ’energy congressman of the world’? A video series, perhaps

Wesley Hunt, a Republican seeking an open House seat in Texas, is producing a campaign video series touring energy production sites.

Evening Standard

Best hair oils to provide your locks with hydration and shine

Give lacklustre locks the nourishment they may be missing

The News Lens

China, India Vie for Influence in Sri Lanka Amid Economic Turmoil

Sri Lanka — with its strategic location at the crossroads of busy shipping routes — has become an arena of geopolitical rivalry and maritime competition between India and China.

Radio France Internationale

French TotalEnergies group completes planned withdrawal from Myanmar

French oil and gas company TotalEnergies said on Wednesday that its planned withdrawal from Myanmar, announced six months ago, has now come into effect.

The Independent UK

Japan trade deficit grows as oil prices surge, yen drops

Japan has reported its trade deficit for the first half of this year totaled nearly 8 trillion yen, or about $58 billion, because of surging oil prices and a weakening yen

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