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The Latest Breaking News from Oil

White House economic adviser predicts gas prices will continue to slide throughout July

Good news for consumers after weeks of national average price hovering around $5.00 per gallon

The Independent UK

Julian Lee: If we're lucky, OPEC is wrong about oil demand going up

We’d better hope the forecasters at OPEC have got their numbers wrong. If they haven’t, then the members of the oil producer group may struggle to supply as much crude as the world will need next year.

Tribune News Service

Push for post-Brexit trade deals may threaten UK pledges on deforestation

Government criticised over ‘indefensible’ proposal that could undermine climate efforts while yielding benefit of only £1.38m

The Guardian - UK

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read the most diverse news in one place.

2 Value Stocks Every Investor Will Want to Look at This Summer

Concerns over aggressive interest rate rises to confront multi-decade high inflation, and the risk of an economic recession have all contributed to recent market volatility, leading the stocks of some high-quality companies to trade at attractive valuations. So, we believe fundamentally good value stocks Adam Resources & Energy (AE) and…

StockNews.com

US says talks with India on price cap on Russian oil ‘encouraging’

India has not made any promises on price cap but did not ‘express hostility to this idea’, US official says

The Independent UK

How a conservative US network undermined Indigenous energy rights in Canada

Internal documents explain why oil and gas interests would benefit from a key Indigenous declaration being ‘defeated’

The Guardian - US

Benzinga Before The Bell: Amazon Wages Price War On Tesco, Biden's Campaign Promise To Free Cannabis Prisoners, H&M Exits Russia And Other Top Financial Stories Monday, July 18

Reuters GSK Completes Spin-Off Of Its Consumer Healthcare Business

Benzinga

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Five epic recipes to help you survive another boring week

Make Monday taco night and the rest of the week will fall into place, says Emily Weinstein

The Independent UK

Rupee settles at record low of 79.98 against US dollar; briefly touches 80/$ mark

MUMBAI: The rupee slid to the psychologically low level of 80 in intra day trade before settling down by 15 paise at 79.97 (provisional) against the US currency on Monday due to a surge in crude oil prices and unrelenting foreign fund outflows.

The Times of India

UAE leader in France to discuss Russian energy alternatives

French President Emmanuel Macron is hosting the leader of the United Arab Emirates to ensure energy supplies from the oil-rich Gulf country

The Independent UK

Why Bank Stocks Traded Sharply Higher; Here Are 65 Biggest Movers From Friday

Gainers United Maritime Corporation (NASDAQ: USEA) shares climbed 175.9% to close at $6.07 on Friday. United Maritime, on Tuesday, announced acquisition of four oil tankers and filed for stock offering on Wednesday.

Benzinga

Economics of War: Pain for Europe Now, Later for Russia

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural gas and restart coal plants. A giant utility is asking for a taxpayer…

Asharq Al-Awsat

Oil price rises after Joe Biden fails to secure Saudi output increase

Increase will keep up the pressure at pumps, where drivers have faced record petrol and diesel prices

The Guardian - UK

France, UAE sign strategic deal to partner on energy projects

France secured promises of new energy supplies from the United Arab Emirates on Monday after talks between President Emmanuel Macron and UAE leader Sheikh Mohamed bin Zayed Al-Nahyan in Paris.

France 24

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The Guardian - UK

Oil climbs after Biden fails to secure Saudi output hike – as it happened

Brent crude prices pushed past $100 per barrel after US president Joe Biden failed to secure output hike agreements with the world’s top oil exporter

Asharq Al-Awsat

Oil Dispute Sharpens Baghdad-Kurd Tensions amid Deadlock

Iraq's oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise the lifeline industry and keep investors away, analysts say. The long-simmering dispute came to a head in February -- at a time of political deadlock in Baghdad -- when the…

The Independent UK

Economics of war: Pain for Europe now, later for Russia

Europe is feeling the pain from Russia's war in Ukraine

Asharq Al-Awsat

Oil Prices Extend Gains

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose 69 cents, or 0.7%, to $101.85 a barrel by 0421…

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Newsroom.co.nz

Fuel companies pocket record margins, thanks to Govt excise cuts

As crude oil prices drop faster than pump prices, an unprecedented 60c in every litre of petrol or diesel is going to the fuel retailers – sparking pleas to pass on the savings to consumers.

Financial Times

The sultan, his family and a $15bn dispute over oil in Malaysia

The heirs to the last ruler of Sulu have seized state-owned energy assets in a lawsuit that dates back to colonial Britain

Foreign Affairs

A Shock-Proof Energy Economy

Taming Volatile Oil Markets Requires a New Kind of Government Intervention

StockNews.com

3 Reasons Why Big Oil Is A Buy After A Punishing Pullback

Previously a sell, the recent big drop in crude has made Big Oil a buy. How to position to profit from continued consolidation in XOM stock.

Bangkok Post

An alternative therapy

After the legalisation of marijuana took effect last month allowing people to grow the plant at home and buy cannabis products, Sarayoot Buranapanich has found a glimmer of hope in weed. A 46-year-old terminal cancer patient, Sarayoot has turned his back on the mainstay of treatment.

Salon

This cheesy omelet duvet oozes comfort

Did I mention that it is filled with gooey melty cheeses?

The Denver Post

EPA knocks Colorado’s system for issuing air quality permits to minor polluters like drilling sites, gold mines

DENVER — The Environmental Protection Agency found “important concerns” with the way Colorado regulators review and issue permits to minor polluters such as mines, asphalt plants and oil and gas drilling rigs, and those problems risked further damage to the state’s already poor air quality, according to a 309-page report…

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