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The Latest Breaking News from Oil

Stalking Pictures: Cops Release CCTV Images Of Beauty Who Stole Art Masterpiece

Cops in Germany have released CCTV images of the “striking” brunette who stole a six-figure valued 1561 Pieter Aertsen oil painting from a museum.

Zenger

Nasrallah's Call for Dialogue over Defense Strategy Is Widely Rejected by Lebanese Parties

Hezbollah chief Hassan Nasrallah's call on Lebanese political forces to hold dialogue over a national defense strategy has been widely rejected by his rivals. In remarks marking "Resistance and Liberation" Day on Wednesday, Nasrallah suggested that the dialogue would pave the way for Lebanon to drill for offshore gas and…

Asharq Al-Awsat

What hope is there for diplomacy in ending the Russia-Ukraine war?

Analysis: Western leaders are divided on arming Ukraine, oil embargoes and whether Kyiv will have to accept territory loss

The Guardian - UK

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New Zealand woman creates her own electric car for $24,000

Rosemary Penwarden says the vehicle, powered by home rooftop solar, has been running smoothly for three years and has thanked oil companies for the motivation

The Guardian - AU

Odisha: Oil spills into Paradip farmlands as pipeline bursts

KENDRAPADA: A major disaster was averted at the port town of Paradip in Odisha's Jagatsinghpur district on Thursday after the Indian Oil's Paradip-Haldia pipeline burst near the refinery there. It took the Indian Oil Corporation Limited (IOCL) more than four hours to repair the damaged pipeline. No loss of life…

The Times of India

Why This Could Be the Long Awaited Bear Rally

Over the last couple of weeks, we've increased our allocation of stocks. Last week and earlier this week, I was uncertain whether this was the correct move. But, the last 2 days of market action are validating those moves as the S&P 500 (SPY) finally seems to be commencing its…

StockNews.com

Despite pain at the pump, Americans are hitting the road

Heading into the US summer driving season, Americans are fueling up but how long before they have to hit the brakes?

Al Jazeera

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WTI and Brent crude oil break out of swing zone

In case you forgot, crude oil prices are still at astronomical prices. As of writing, WTI futures are trading at $114 per barrel, while Brent crude futures are trading at $117 per barrel.

Benzinga

Innobic, Aztiq aim to take Thailand’s life sciences sector to the next level

Innobic (Asia) Co., Ltd., a wholly-owned subsidiary and life science arm of the national oil and gas conglomerate PTT, together with Aztiq HK Ltd., is acting on its promise to uplift Thailand’s life science business by completing a deal to buy out Alvogen Emerging Markets Holdings Ltd. (AEMH), raising Innobic’s…

Bangkok Post

Shoring up ecosystems good for your health

Humanity currently faces multiple interlinked existential crises. The catastrophic consequences of climate change, ecological degradation and biodiversity loss have cascading knock-on effects on human health and well-being. As the Covid-19 pandemic illustrates, ecosystem damage can contribute significantly to a global public health emergency. But scientists are also increasingly finding that…

Bangkok Post

Sunak U-turns on ‘energy profits levy’ in £15bn cost of living package

Chancellor’s measures, including tax on oil and gas companies, criticised as too late and a ‘drop in the ocean’

The Guardian - UK

What's the best way to remove mould? We asked an expert

The secret to getting rid of mould is a combination of clove oil and vinegar, an experienced cleaner says.

ABC News

Sunak’s design for the windfall tax is complex, but is it any good?

Labour is right to crow as the chancellor’s hand is finally forced, but we need to see what materialises

The Guardian - UK

Rishi Sunak offers tax incentives to fossil fuel firms despite climate emergency

Chancellor’s plan ‘makes us an embarrassment on the world stage’ says Caroline Lucas

The Independent UK

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The Guardian - UK

BP to review North Sea investments following windfall tax announcement

Company says it will look at levy’s impact after CEO previously stated no projects would be mothballed

Motorsport

Shell/Pennzoil expands Penske deal in NASCAR and IndyCar

Shell/Pennzoil has extended its relationship with Team Penske in NASCAR and greatly expanded its involvement in the NTT IndyCar Series.

Inverse

Four Sigmatic Coffee Creamer Review

I tested out Four Sigmatic's plant-based coffee creamers, which tout brain and gut benefits. This is my honest review.

The Conversation

Rishi Sunak's £15 billion cost-of-living package and windfall tax: four experts respond

Rishi Sunak, the UK chancellor of the exchequer, has unveiled a £15 billion package of measures to help households with the cost of living, after energy watchdog Ofgem announced it would probably be increasing the price cap on energy bills by over £800 a year to £2,800 in October.

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Benzinga

Mid-Day Market Update: Crude Oil Jumps Over 3%; NRx Pharmaceuticals Shares Tumble

U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 1.5% on Thursday.

Wales Online

How to get cost of living grants announced by Rishi Sunak

Chancellor Rishi Sunak has announced a raft of measures aimed at tackling the cost of living crisis - to be paid for in part by a windfall tax of gas and oil companies

The Conversation

Who really owns the oil industry’s future stranded assets? If you own investment funds or expect a pension, it might be you

When an oil company invests in an expensive new drilling project today, it’s taking a gamble. Even if the new well is a success, future government policies designed to slow climate change could make the project unprofitable or force it to shut down years earlier than planned.

The Guardian - UK

People in US and UK face huge financial hit if fossil fuels lose value, study shows

Strong climate action could wipe $756bn from individuals’ pension funds and other investments in rich countries

Asharq Al-Awsat

Oil Climbs on Tight Supply, Prospect of EU Ban on Russian Crude

Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine. Brent crude futures were up $1.60 cents, or 1.4%, to…

The Guardian - UK

Sunak’s windfall tax is a ‘sticking plaster’, say climate campaigners

Tax on oil and gas companies described as ‘missed opportunity’ to tackle climate and cost of living crises

The National (Scotland)

Sunak's tax gift to energy giants is 'climate-wrecking', Greens say

RISHI Sunak has doubled down on fossil fuels by throwing a tax incentive to polluting oil giants, the Greens have claimed.

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