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The Latest Breaking News from Oil

Midnight Oil: their 20 greatest songs – sorted

Since 1978, Midnight Oil have made 13 studio albums, two studio EPs and innumerable odds and sods. Here, Oils fan Andrew Stafford has a go at picking the dream set list

The Guardian - AU

US envoy confident Gulf oil producers will boost production

WASHINGTON — A U.S. energy envoy said he is confident Gulf producers will increase oil output after President Joe Biden’s visit to Saudi Arabia, where he met with regional leaders.

Tribune News Service

RUCO to put an end to concerns over reuse of cooking oil in eateries

Hoteliers in Kerala welcome Food Safety department’s initiative

The Hindu

From analysis to the latest developments in health,
read the most diverse news in one place.

Soy chicken wing noodles, rice bowls, banh mi – Uyen Luu’s budget Vietnamese recipes

Inspired by the dishes her mother used to make, the cookery writer shares these classic recipes that are delicious, simple and affordable

The Guardian - UK

Volt Rush by Henry Sanderson review – hopeful study of the winners and losers in the race to go green

The journalist’s thorough investigation finds that corporations are unearthing alternatives to fossil fuels. Who will benefit?

The Guardian - UK

India’s crude cost slips below $100 but fuel price cut unlikely

NEW DELHI: India’s crude cost has slipped below $100 per barrel for the first time since April in step with this week’s fall in benchmark rates. While it may appear to be a silver lining for the rupee, an immediate cut in fuel prices is unlikely as the Indian currency’s…

The Times of India

Oil trumps human rights as Biden forced to compromise in Middle East

US president’s attempts to ostracise Saudi crown prince were foiled by a fist bump

The Guardian - UK

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Biden ends trip with U.S.-Saudi relations on the mend but few other wins

President Joe Biden and Saudi Crown Prince Mohammed bin Salman took a step to mending their troubled relationship with a fist bump, but the U.S. leader left the kingdom on Saturday with few big successes and doubts as to whether the visit was worth it.

Reuters

Saudis warn against 'unrealistic' energy policies

JEDDAH, Saudi Arabia: “Unrealistic” policies regarding energy sources will only push up costs and lead to “unprecedented inflation”, Saudi Arabian Crown Prince Mohammed bin Salman said on Saturday.

Bangkok Post

Indonesia scraps palm oil export levy

NUSA DUA, Indonesia: Indonesia has scrapped its export levy for all palm oil products until Aug 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.

Bangkok Post

Indonesia removes palm oil export levy until Aug. 31

Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.

Reuters

Scholz: Germany's increased coal, oil use will be temporary

Chancellor Olaf Scholz says Germany’s decision to reactivate coal and oil-fired power plants to relieve energy shortages because of the war in Ukraine is only temporary and his government remains committed to doing “everything” to combat the climate crisis

The Independent UK

US, Saudi Arabia pledge moves to stabilise global energy markets

Washington welcomes Riyadh’s commitment to supporting global oil markets as it seeks to lower the price of gasoline.

Al Jazeera

We found the cheapest toilet roll out of Home Bargains, B&M, Poundstretcher and Quality Save - and counted every sheet

Nobody wants to be throwing money down the toilet and when it comes to spending a penny, there are pounds to be saved

Manchester Evening News

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The Times of India

Joe Biden expects more Saudi oil after trip to kingdom

RIYADH: President Joe Biden said he expects further oil supply increases from Saudi Arabia to help tame fuel costs at home after a landmark meeting with the kingdom’s rulers.

The Guardian - UK

How to make radish pistou soup from both the bulbs and the leaves

Radish leaves have the freshest flavour and can be blended into a garlicky pesto to top this lively, rosy-pink summer soup made from the bulbs

The Hindu

Jet fuel price cut by 2.2%

Aviation turbine fuel prices were cut by ₹3,084.94 per kilolitre on July 16

Reuters

Biden fails to secure major security, oil commitments at Arab summit

President Joe Biden told Arab leaders on Saturday that the United States would remain an active partner in the Middle East, but he failed to secure commitments to a regional security axis that would include Israel or an immediate oil output rise.

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Los Angeles Times

Biden says he confronted Saudi crown prince over Khashoggi’s killing

JIDDA, Saudi Arabia — President Joe Biden shared a fist bump Friday with the leader of the oil-rich country he once vowed to make a “pariah” over its human rights abuses as the White House scrambles to mitigate record inflation and high gas prices hammering Americans in an election year.

Bangkok Post

IRPC preps B2bn gas separation plant

IRPC, a petrochemical arm of national oil and gas conglomerate PTT Plc, plans to develop a 2-billion-baht gas separation plant to support its production of cleaner oil under a cooperation agreement with Bangkok Industrial Gas Co (BIG), Thailand's largest industrial gas producer.

Bangkok Post

China slump and Fed on investors' minds

Recap: Asian shares were mixed yesterday as investors grew more concerned over the economic downturn after data showed a sharp second-quarter slowdown in China. However, some investors welcomed comments from two US Federal Reserve governors who said an overly aggressive interest-rate increase was probably not needed.

The Hindu

Food Safety dept. initiative to check reuse of cooking oil in hotels

Government permits three firms to procure used oil

Salon

How to make soap at home

Lessons in lye

Benzinga

Crude Oil Rises By More Than 2%; Codexis Shares Plummet

U.S. stocks traded higher toward the end of trading, following the release of several earnings results and economic reports.

The Hindu

Deficit doubts: On concern over current account deficit

Fretting about the current account deficit is warranted; fiscal space must also be reassessed

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