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The Latest Breaking News from Oil

US Embassy alarmed by power struggle at Libya's oil company

The U.S. Embassy in Libya is voicing concern over the struggle for control of Libya’s oil corporation after its chairman was sacked

The Independent UK

Best deep fat fryers for great tasting chips and fried food at home

For deep fried delights

Evening Standard

Libyan parliament rejects Tripoli's move to sack state energy firm head

The energy committee of Libya's eastern-based parliament on Thursday rejected a government move to sack the head of National Oil Corporation (NOC), deepening a power struggle for control of the energy firm whose exports fund the entire state.

Reuters

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Chris Bowen shares draft climate bill as independents and Greens turn up heat for more ambitious action

Greens call for moratorium on new oil and gas projects as some independents urge Labor not to rush major policy for political reasons

The Guardian - AU

Smog levels in Texas surge during heat wave, bringing worst summer air quality in a decade

Emissions are reacting with the summer heat to create high levels of smog, hazardous air pollution that damages the lungs. But state officials are pushing back on ozone pollution controls proposed by the EPA, arguing such rules would compromise the electric grid.

The Texas Tribune

Olive oil, tomatoes and risotto rice supplies at risk due to Italy drought

‘Unless it rains very soon, the olive crop will be dramatically reduced,’ said Walter Zanre, UK managing director of olive oil specialist Filippo Berio

The Independent UK

Quick Fix: Mangoes, coconut shrimp refreshing adds to Cobb salad

Here’s a Cobb salad with a tropical twist. Ripe juicy mangoes are at the height of their season, and I added them along with shrimp sauteed with coconut to make a refreshing summer salad with a hint of the tropics.

Tribune News Service

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Yellen says Russian officials have no place at G20 meeting

U.S. Treasury Secretary Janet Yellen on Thursday said Russian President Vladimir Putin's war against Ukraine was causing a negative spillover around the world and Russian officials had no place at this week's meeting of the Group of 20 major economies.

Reuters

Supermarkets should have reduced fuel by 4p a litre according to the AA

Anger as 'scandalous' refusal to pass on drop in price of oil to customers

Chronicle Live

Libyans at Boiling Point Amid Summer Power Cuts

Mahmud Aguil has a comfortable house in Libya's capital Tripoli, but chronic power outages in the war-battered country and roasting summer heat now force him to sleep in his air-conditioned van. "This is my bedroom," the 48-year-old said pointing to the cramped vehicle, its back seats removed to make space…

Asharq Al-Awsat

With the world in ‘turmoil’, a new ‘Quad’ comes into place

India, Israel, US and UAE come together to boost business and diplomatic ties and to hedge bets in a world of turmoil.

Al Jazeera

‘People are waking up’: fight widens to stop new North Sea fossil fuel drilling

From trade unions to a bishop, activists are uniting to keep the UK government to its North Sea climate commitments

The Guardian - UK

Oil Prices Rise Ahead of Potential Large US Rate Hike

Oil prices rose on Thursday, with Brent breaking above $100 a barrel, as investors weighed tight supplies against the prospect of a large US rate hike that would stem inflation and curb crude demand. Brent crude futures for September climbed 68 cents, or 0.7%, to $100.25 a barrel by 0400…

Asharq Al-Awsat

Murkowski presses Interior to advance drilling in Alaska's Cook Inlet, boost wildfire mitigation

WASHINGTON — U.S. Sen. Lisa Murkowski urged the Interior Department to advance drilling in Alaska’s Cook Inlet and distribute wildfire prevention funding during a Senate hearing Wednesday.

Tribune News Service

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The Independent UK

Colombia’s incoming finance minister wants fair capitalism

Colombia’s next finance minister says the left-leaning government taking office next month will focus on increasing taxes on the rich so it can spend more on poverty programs

Benzinga

Elon Musk Says This Battery Metal Is The New Oil: But Should The Vehicle Connoisseur Take His Foot Off The Accelerator?

Albemarle Corporation (NYSE: ALB) and a number of other stocks in the lithium sector gained ground recently, not only because the S&P 500 experienced a bullish reaction to the release of the Federal Reserve's monthly minutes, where the Fed

Bangkok Post

TAT cautiously upbeat on domestic trips

Inflation and volatile oil prices remain the key factors hitting domestic trips, despite positive travel sentiment during the five-day weekend for government employees, according to the Tourism Authority of Thailand (TAT).

ABC News

Federal funding pitch for Beetaloo Basin infrastructure ramps up

Infrastructure necessary for oil and gas companies to reach production in the Beetaloo has been added to a national list of priority investments.

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Los Angeles Times

Analysis: Biden tying himself in knots over looming Saudi Arabia visit

WASHINGTON — President Joe Biden has boasted frequently about his own penchant for truth-telling, reminding the public about his promise to “give it to you straight.”

Los Angeles Times

Iran, not oil, is the main topic of Biden’s trip among Middle Eastern leaders

JERUSALEM — Many in the United States view President Joe Biden’s trip to the Middle East that began Wednesday as a mission to lower oil prices. But leaders throughout the region see it as a chance to hash out disagreements over Iran.

Reuters

Libya's NOC chief ignores government order firing him

The head of Libya's National Oil Corp (NOC), Mustafa Sanalla, ignored a government order sacking him on Wednesday as he returned to Tripoli from Islam's haj pilgrimage, but said he would make a speech later.

Reuters

Hezbollah chief vows 'no one' will extract gas, oil from maritime zones if Lebanon unable to do the same

The head of powerful armed group Hezbollah said on Wednesday that if Lebanon was not allowed to extract oil and gas from maritime fields bordering Israeli fields, "no one will be".

Tribune News Service

Energy-producing states lag in latest economic numbers

Amid worries about a possible recession, energy-producing states had the biggest drops in GDP during the first quarter of this year, despite skyrocketing oil and gas prices, new government figures show.

The Hindu

Cooking oil prices ease marginally in wholesale market

Retail consumers and food businesses yet to get the benefit of reduction

The Independent UK

Hungary declares 'energy emergency' over threat of shortages

Hungary’s government has declared an “energy emergency” in response to supply disruptions and skyrocketing energy prices in Europe

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