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The Latest Breaking News from Oil

Iraqi governor Ali Farhan revealed on Wednesday the discovery of new oil wells in the Anbar province. Farhan noted that the wells were discovered in Nukhayb and Tharthar regions, without specifying their output capacity. In statements to Iraqi News Agency (INA), Farhan said the local government in Anbar worked to…

Asharq Al-Awsat

TV tonight: the oil industry experts who ignored climate crisis predictions

This three-part documentary gathers evidence to challenge how ‘big oil fuelled the world’. Plus, Who Stole Tamara Ecclestone’s Diamonds? Here’s what to watch this evening

The Guardian - UK

Wellcome Trust sells stakes in large oil and mining companies

One of UK’s biggest funders of scientific research will no longer profit from businesses such as BP and Shell

The Guardian - UK

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Rupee falls 1 paisa to all-time low of 80.06 in early trade

Mumbai

The Hindu

UAE Real GDP up 8.2% in Q1 2022

The UAE central bank’s quarterly report indicated that total real GDP increased by 8.2% annually in the first quarter of 2022, state news agency said on Wednesday. The central bank expects real GDP to grow by 5.4% in 2022 and 4.2% in 2023, the statement added. It also expects non-oil…

Asharq Al-Awsat

Woodside and Santos reap bumper profits as Ukraine war drives energy prices higher

Oil and gas companies’ record sales figures come as Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax

The Guardian - AU

10 items rapidly rising in price during cost of living crisis as inflation soars

People's money isn't going as far as it should be so household bills, food and fuel are costing more and more

Liverpool Echo

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Which Energy Stock Will Lead Investors to Higher Returns?

The macroeconomic headwinds are leading to volatility in the energy market. However, efforts made to improve supply should benefit prominent energy stocks TETRA (TTI) and NOW (DNOW). But which of these stocks is a better buy now? Read more to find out….

StockNews.com

4 Stocks You Should Consider Buying Now for Long-Term Gains

Despite the macroeconomic headwinds driving massive volatility in the markets, resilient consumer spending and impressive earnings results restore investors’ confidence. Since the uncertainty is expected to persist for quite some time, investors could consider buying quality stocks, Mueller Industries (MLI), Marathon Oil (MRO), QUALCOMM (QCOM), and Valero Energy (VLO) for…

StockNews.com

US demands talks on Mexican energy policies it calls unfair

The United States is putting pressure on Mexico over energy policies that Washington says unfairly favor Mexico's state-owned electricity and oil companies over American competitors and clean-energy suppliers

The Independent UK

M25 blocked as climate protesters declare it ‘site of civil resistance’ after hottest day in history

Just Stop Oil aimed to block the motorway until Friday, calling for an end to new fossil fuel projects

The Independent UK

BP admits windfall tax will not affect its North Sea investments after all

Executive tells MPs new clarity on levy’s December 2025 end date means it no longer needs to review investments

The Guardian - UK

Libya says oil exports resumed after monthslong hiatus

Libya's National Oil Corporation says it resumed oil exports, ending a monthslong hiatus

The Independent UK

Excited? Gas Prices Dropped 35 Days In A Row And May Hit This Number In Less Than A Month

The national average price of gas is on a steady decline, falling for 35 days in a row.

Benzinga

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The Independent UK

Five arrested as demonstrators climb motorway signs in climate protest

Just Stop Oil targeted the M25 at various points on Wednesday morning.

Benzinga

Suncor (SU) Alters Board, Reviews Station Sale Post Elliot Deal

Suncor Energy (NYSE: SU) recently declared that it has entered into an agreement with the activist investment firm — Elliott Investment Management — according to which SU's board of directors will appoint three new independent directors, two of whom will serve on the CEO search committee.

The Times of India

Protect your hair from damage during monsoon

Beautiful rains bring with them a huge relief. Mercury level drops and finally there is respite from torturing summers. Unfortunately, this beautiful weather is the harshest on hair health. Most people experience unusually high hair fall during the monsoon season. High humidity and sweat increases dandruff for many, makes the…

The Times of India

Reliance Industries shares climb over 4%; ONGC jumps 7%

NEW DELHI: Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax on petrol, diesel, jet fuel and crude oil.

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The Independent UK

Italy political turmoil a headache for Europe's central bank

Italy's political turmoil is making life harder for the European Central Bank as it hikes interest rates and raising bad memories of the eurozone debt crisis a decade ago

Wales Online

The 10 items with the fastest rising price tag - and the reasons why

Prices almost across the board have rocketed over the past 12 months with increases of up to 128%

Evening Standard

What is Just Stop Oil? Protesters charged after Theatre Royal play disrupted

A Theatre Royal show on Drury Lane was disrupted after stage invasion on Monday

Chronicle Live

Fuel, energy and eight other things rising in price as inflation hits 40-year high

ONS data measuring price indexes has shown that the cost of living crisis is almost at its peak

Asharq Al-Awsat

Libya Resumes Oil Exports from Es Sider Port

Libya resumed exporting crude oil from Es Sider port on Thursday, the oil ministry said on Thursday. Libya's Waha Oil Company resumed production at its fields with an initial capacity of 15,000 barrels per day, which is expected to reach 30,000 bpd by the end of the day, the ministry…

Evening Standard

Just Stop Oil activists banned from football for Spurs v West Ham pitch invasion

Just Stop Oil protestors who invaded the pitch during a Premier League clash between Spurs and West Ham have been banned from football matches for the next three years.

The Independent UK

Sky-high diesel prices squeeze truckers, farmers, consumers

High diesel prices are driving up the cost of everything, from groceries to Amazon orders and furniture

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