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The Latest Breaking News from Oil

Refinery contribution for oil fuel fund approved by cabinet

The cabinet on Tuesday agreed to seek financial sources from oil refineries to support the Oil Fuel Fund and to offer tax rebates to promote domestic tourism.

Bangkok Post

Saudi Crude Oil Exports Rise to Two-Year Peak in April

Saudi Arabia’s April crude exports rose to a two-year peak of 7.382 million barrels per day (bpd) in April from 7.235 million bpd in March, data from the Joint Organizations Data Initiative (JODI) showed on Monday.

Asharq Al-Awsat

PTT’s international trading arm confirms no oil shortage in the Thai market despite the Russia-Ukraine crisis

Thai oil and gas conglomerate PTT Group’s International Trading Business unit confirms no shortage of oil in the Thai market despite the ongoing Russia-Ukraine crisis but urges energy-saving discipline from all sectors. In admitting that volatility in global oil prices is uncontrollable, PTT Group recommends application of tools such as…

Bangkok Post

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Yellen Says US in Talks with Allies to Cap Russian Oil Price

The United States is in talks with allies to further restrict Russia's oil revenues by capping the price it would get for its crude, US Treasury Secretary Janet Yellen said during a visit to Canada on Monday. "We are continuing to have productive conversations with our partners and allies around…

Asharq Al-Awsat

Telangana continues to witness shortage of fuel supply

Minister Kamalakar to hold emergency meeting with representatives of oil companies and dealers today

The Hindu

Young people go to European court to stop treaty that aids fossil fuel investors

Five claimants aged 17-31 want their governments to exit the energy charter treaty, which compensates oil and gas firms

The Guardian - UK

Queensland budget handed down by Treasurer Cameron Dick, health the big winner with coal royalties increasing

Handing down his third budget, Treasurer Cameron Dick reveals Queensland will deliver a net operating surplus at the end of this month, thanks to surging coal and oil prices and a booming housing market.

ABC News

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Doughnut skin is the yummiest skin trend this season

The best foundation you can wear is glowing healthy skin. Since the summer is on its way out and the monsoon keeps moist in the air, one can avoid a few skin sins to keep that glaze on the skin with silky, gleaming tone to your countenance. “Glazed skin” is…

The Times of India

Thousands of Ecuador indigenous protesters march on capital

Thousands of indigenous demonstrators marched through Ecuador's capital on Monday urging President Guillermo Lasso to agree to demands for economic and social support, the latest in a series of protests that have injured dozens and disrupted the economy.

Reuters

Refiners deny profit tally

The Petroleum Refining Industry Club, a unit of the Federation of Thai Industries, has insisted the current gross refinery margin (GRM) is reasonable, rebutting an accusation that oil companies are overcharging customers for refined oil.

Bangkok Post

California lawmakers to investigate steep gas prices, accuse oil companies of 'ripping off' motorists

SACRAMENTO, Calif. — With steep gasoline prices still stinging Californians at the pump, Democratic Assembly Speaker Anthony Rendon on Monday announced a legislative inquiry to determine if oil companies are "ripping off" drivers.

Los Angeles Times

California Democrats to investigate cause of high gas prices

California lawmakers say they'll investigate why the state's gas prices are the highest in the U.S. Assembly Speaker Anthony Rendon announced a bipartisan committee on Monday to investigate gas price gouging

The Independent UK

Moscow fumes over Lithuania rail ban to Russian region

(This June 21 story corrects in paragraph 4 to show gas flows via Ukraine and Nord Stream 1 pipeline have fallen, removes reference to Russia cutting flows via Ukraine as act of retaliation)

Reuters

Private petrol pumps across Bhopal stay shut despite orders, cite a shortage

BHOPAL: Petrol pumps of private companies continued to remain closed in Bhopal on Monday as well despite directives of the district collector to keep the fuel pumps open even if they have to sell petrol and diesel at a higher price than the petrol pumps of public sector oil companies.

The Times of India

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Input

Puffco's new modular dab vape, Proxy, is a beautiful, beastly e-pipe

The Proxy brings ultra-portability to the cannabis concentrate experience, with a sleek build and 3D heating technology.

Bangkok Post

PTT app to cut food queues

PTT Oil and Retail Business Plc (OR) has teamed up with a startup to launch a QueQ mobile application to help motorists manage their queues and reduce the time it takes to buy food and beverages at PTT petrol stations.

The Hindu

New barge from KSINC

‘Amrita’ oil barge from the Kerala Shipping and Inland Navigation Corporation (KSINC) is ready for service. The barge has a capacity to carry 300 tonnes of materials. The barge has been built for transporting furnace oil from Kochi to the Kerala Minerals and Metals Limited. The barge will also help…

Al Jazeera

US President Biden considering gas tax holiday amidst high prices

As consumers feel the pinch of rising energy prices, the Biden administration struggles to find solutions.

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StockNews.com

Top Oil Analyst Likes These 2 Picks, Which Should You Buy?

The oil stocks have outperformed the broader market in 2022, driven by surging oil prices amid substantial fuel demand and supply chain disruptions exacerbated by geopolitical instability. As the crude oil prices are expected to soar further, Raymond James oil and energy analyst John Freeman recommends investing in Marathon Oil…

The Independent UK

Brazil's Petrobras CEO resigns amid pressure over gas prices

The chief executive of Brazil’s state-run oil giant Petrobras resigned amid political pressure from top lawmakers and President Jair Bolsonaro

WEKU

Gas prices fall below $5 per gallon in the first weekly drop since April

The drop doesn't signal a rapid descent to the low prices of 2021, but drivers could see modest decreases continue in the coming weeks, analysts say.

Evening Standard

Best hair styling products for men, from wax to clay

Wave goodbye to bad hair days with these products that will help you style and shape

The Conversation

How the Ukraine war is benefiting Russian insurers – and pushing up insurance premiums everywhere

An EU/UK plan to ban their insurers from providing cover to ships transporting Russian oil is causing tensions with Washington. America contends that Europe’s dominance of global insurance will make it very difficult for Russia to export oil if this goes ahead, potentially pushing oil prices far higher than they…

Reuters

Ukraine says food warehouse in Odesa destroyed in Russian missile attack

A food warehouse in the Black Sea port of Odesa was destroyed in a Russian missile attack on Monday but no civilians were killed, the Ukrainian military said.

Reuters

Ukraine hits oil Crimean drilling platforms, pro-Russian regional head says

Ukrainian forces attacked drilling platforms in the Black Sea owned by a Crimean oil and gas company, the pro-Russian head of the annexed peninsula said on Monday, giving no details of what weapons were used.

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