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The Latest Breaking News from Oil

Five cookbooks that are worth splurging on OLD

In a new series testing out cookbooks so you don’t have to, Olivia Campbell tries out a recipe from the gods, traces the history of nutmeg and turns that tin of beans in the back of the cupboard into a gourmet dinner

The Independent UK

Biden affirms human rights commitment as he warms to Saudis

President Joe Biden says he’s not changed his views on human rights despite his administration offering praise of Saudi Arabia for getting OPEC+ to step up oil production

The Independent UK

EU imposes sanctions on Russian oil boss linked to seized superyachts

Eduard Khudainatov is blacklisted for ‘benefiting from the government of the Russian Federation’

The Guardian - UK

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This Energy ETF Says Oil Is Going Much Higher

Sometimes, the market can predict the future. And if that’s the case with the Energy Select Sector SPDR Fund ETF (NYSE: XLE), oil could could be poised to move much higher.

Benzinga

EU Blacklists 'Butchers' of Bucha and Mariupol in Latest Russia Sanctions

The European Union on Friday blacklisted Russian military commanders who it said led troops involved in atrocities in Ukraine, describing them as the "butchers" of Bucha and Mariupol. Its latest sanction list also included Alina Kabaeva, whom it described as "closely associated" with President Vladimir Putin, although he has denied…

Asharq Al-Awsat

'Let's be even handed': Jaishankar defends India's oil imports from Russia

NEW DELHI: India's decision to go ahead with purchase of discounted Russian oil has faced criticism, especially after sanctions imposed on Moscow by many countries.

The Times of India

Hungary's Russia oil embargo exception 'detrimental to security of Europe': Polish deputy FM

In the week that EU leaders agreed on a sixth round of sanctions against Russia, Polish Under-Secretary of State for Foreign Affairs Pawel Jablonski speaks to FRANCE 24 about the effect he hopes the measures will have on the Russian economy, his disappointment at the Hungarian government's stance regarding sanctions…

France 24

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The NFL's Recent Investment in Cannabis Signals an Important Evolution in Its Approach to Preventing and Treating Sports Injuries

By Dr. Michael D. Lewis, MD, MPH, Colonel (Retired), U.S. Army, and CV Sciences Medical Advisor

Benzinga

India is not a conduit for Russian oil sales: Jaishankar

He denies international reports that accuse Indian refiners of profiteering

The Hindu

US president Biden to visit Saudi Arabia in coming weeks: Reports

In shift, Biden will reportedly meet with Crown Prince Mohammed bin Salman as US seeks replacement to Russian oil.

Al Jazeera

‘We’re in trouble’: Electric rates in Texas have surged over 70% as summer kicks in

There’s no escaping rising oil prices. They’ve driven up the cost of gasoline, and the higher expense registers every time people fill up the tank.

Tribune News Service

Top news of the day: India rejects criticism in U.S. State Department’s religious freedom report; PM Modi advocates strong Opposition, says don’t hold resentment against any party or individual, and more

The major news headlines of the day and more.

The Hindu

Conor Sen: Consumers are losers in a booming industrial economy

Reasons to worry about a recession are piling up: the Federal Reserve's inflation fight, a slowing housing market, warnings from retailers and venture capitalists and a smattering of layoff announcements. But one part of the labor market is sending a decidedly different signal. Goods-producing employment, which includes industries like manufacturing,…

Tribune News Service

3 Stocks Under $3 Insiders Are Aggressively Buying

US crude oil futures traded lower this morning on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

Benzinga

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Asharq Al-Awsat

Saudi Arabia, the Balance Point between Moscow, Washington in OPEC Agreement

The White House praised a major Saudi role in controlling oil markets, through a greater increase in the production of the OPEC+ alliance during July and August than previously announced. “We welcome the important decision from OPEC+ today to increase supply in July and August based on new market conditions,”…

The Hindu

Data | India’s downturn in domestic crude oil production persists

India depends on imports to meet 85% of its crude oil needs, and its ageing oil wells are a major hiccup in the country’s ambition to reduce import reliance

Asharq Al-Awsat

Saudi Energy Minister, Iraqi Counterpart Discuss Connecting Electricity Grids

Saudi Minister of Energy Prince Abdulaziz bin Salman and Iraqi Minister of Oil Ihsan Ismail discussed on Thursday connecting their electricity grids. The ministers explored issues of common interest in various energy fields. The meeting discussed ways to strengthen cooperation in the energy fields in order achieve shared leadership through…

The Independent UK

Live updates | EU formally approves embargo on Russia oil

The European Union has formally approved an embargo on Russian oil and other sanctions targeting major banks and broadcasters over Moscow’s war on Ukraine

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news in one place.

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Asharq Al-Awsat

Oil Price Rises Even as OPEC Boosts Output More than Expected

Oil prices rose Thursday despite an agreement by major crude producers to boost output more than expected, while US stocks rallied ahead of closely-watched employment data seen as a key input to the inflation debate. In Vienna, the OPEC+ group decided to add 648,000 barrels per day to the market…

Al Jazeera

Timeline: The first 100 days of Russia’s war in Ukraine

Ukraine invasion was met with sanctions, expansion of NATO, and a bifurcation of the global financial and trade system.

Asharq Al-Awsat

Ukrainians Hold Out as Russia Storms Eastern City on War’s 100th Day

Russian forces advanced deep into the ruined eastern factory city of Sievierodonetsk, but Ukrainian troops were still holding out on Friday as Russia's assault on its neighbour entered its 100th day. Ukraine's defense minister said his troops were already training in Europe to operate new, advanced missile systems pledged this…

Dynamite News

Business: India brushes off criticism over purchase of Russian oil

India on Thursday bluntly stated that the issue of purchase of crude oil from Russia is “not an India related issue at all” as its approach is guided by the nation’s energy security requirements, similar to that of "many other regions and countries" - pointing to the West. Read more…

The Times of India

Delhi: Man who duped scores with ‘oil firm investments’ held

NEW DELHI: Economic Offences Wing (EOW) of Delhi Police has arrested a man for duping more than 1,000 people on the pretext of making investment in a Russian oil company.

The Guardian - US

Biden to visit Saudi Arabia in push to lower oil prices and punish Russia

This marks the president’s departure from his campaign promise of isolating Riyadh over the murder of columnist Jamal Khashoggi

Irish Mirror

EU official in charge of energy policy says dependency on Russian oil has left Europe open to 'blackmail'

Kadri Simson appeared before an Oireachtas committee to take questions amid the backdrop of an energy crisis sparked by the war in Ukraine

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