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The Latest Breaking News from Oil

Crude Settles Modestly Higher on Energy Demand Optimism

October WTI crude oil (CLV23 ) on Monday closed up +0.27 (+0.34%), and Oct RBOB gasoline (RBV23 ) closed down -7.81 (-2.95%). Crude oil and gasoline prices Monday settled mixed. The actions by China over the weekend to boost its markets sparked optimism that it could revive economic growth that...

Barchart

Oil’s historic price surge in 2008 will look like ‘child’s play’ compared with the expected copper boom by 2025, Citi says

“Copper’s eventual bull run is likely to make oil’s famous 2008 rally look like child’s play,” Citi’s managing director for commodities research, told clients.

Fortune

Rajnath Singh to visit Sri Lanka this weekend, say defence sources

Union Defence Minister Rajnath Singh is scheduled to go on a two-day visit to Sri Lanka, two defence sources confirmed. As per Sri Lankan media reports, Rajnath Singh is expected to visit Trincomalee where India is jointly investing in the joint development of Oil Tank farm.

The Hindu

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Despite Setbacks, Activists Score Victories in Texas Fight Over Tax Breaks for Fossil Fuel Industry

Following watchdog's advice, senators shrink tax giveaway program for oil and gas.

Capital & Main

2 High-Yield Dividend Energy Stocks to Add to Your Portfolio

As energy stocks heat back up, here's a look at two names with above-average dividend yields and promising potential for future growth.

Barchart

Are Coal Prices Setting Up for an End of the Year Rebound?

After reaching highs in 2022, coal prices have come back down to earth. Climate change has caused the U.S. and Europe to inhibit the production and consumption of all fossil fuels. Still, coal has long been the least favorite hydrocarbon and a four-letter word in the traditional energy market.

Barchart

Crude Moves Higher on Chinese Energy Demand Optimism

October WTI crude oil (CLV23 ) this morning is up +0.30 (+0.38%), and Oct RBOB gasoline (RBV23 ) is down -7.28 (-2.75%). Crude oil and gasoline prices this morning are mixed. The actions by China over the weekend to boost its markets sparked optimism that it could revive economic growth...

Barchart

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IOCL to launch new hose for commercial users soon

Indian oil Corporation Ltd. (IOCL) will soon launch a black high-pressure hose for commercial liquefied petroleum gas (LPG) users, including restaurants and catering establishments

The Hindu

Energize Your Portfolio With These 3 Top Oil Stock Picks

With global energy demand rising and supply cuts from some of the world’s largest oil producers, the energy sector’s prospects are heating up. Therefore, three robust oil stocks, Cheniere Energy (LNG), Weatherford International (WFRD), and CVR Energy (CVI) could be wise additions to your portfolio now. Read more….

StockNews.com

The CEO of water treatment company Ecolab doesn't think fossil fuels are going away anytime soon: 'We will need more oil and gas than we use today'

Renewable energy is a small percentage of global energy production, says Ecolab's CEO.

Fortune

Cool down with Spain’s ‘other’ famous chilled tomato soup

While the summer heat lingers, cool down the soup

The Independent UK

How Under the Waves is bringing a touching personal story to life with an environmental message

Interview | Under the Waves devs chat to us about their narrative adventure inspired by oil pollution

GamesRadar

Oil palm nursery will be set up in Andhra Pradesh if TDP comes to power in 2024, says Lokesh

Telugu Desam Party (TDP) national general secretary N. Lokesh has promised that an oil palm nursery will be set up to ensure the distribution of saplings to farmers free of cost in Andhra Pradesh if his party comes to power in the 2024 elections. Interacting with oil palm farmers during…

The Hindu

Investor's Guide to 3 Energy Stocks Worth Exploring

The energy market, buoyed by sturdy oil demand and primed for consolidation, can potentially elevate investors’ portfolio returns to unprecedented heights. Therefore, fundamentally strong energy stocks Gibson Energy (GBNXF), Ranger Energy Services (RNGR), and NCS Multistage Holdings (NCSM) could be worth exploring now. Read on….

StockNews.com

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The Independent UK

Iran summons Swiss diplomat over US seizure of Iranian crude oil that's now at port in Houston

Iran has summoned a Swiss diplomat over the apparent U.S. seizure of Iranian crude oil from a ship that sat for months off Texas

The Guardian - UK

Rachel Roddy’s recipe for lamb with potato, tomato and breadcrumbs

A homely lamb, potato and tomato bake with a crisp, breadcrumb topping

The Guardian - UK

Labour’s David Lammy visits Brazil to build ‘climate justice’ partnership

Shadow foreign secretary says Starmer government would work with President Lula on radical climate action

The Guardian - UK

Mallorca: P&O ship with thousands of Britons onboard collides with tanker

Cruise vessel’s mooring ropes snapped in high winds, which blew liner into nearby oil transport ship off coast of Palma

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The Guardian - US

‘I’m not the guilty one’: the water protector facing jail time for trying to stop a pipeline

Mylene Vialard goes on trial this week for opposing a pipeline on Indigenous land amid warnings peaceful protest is under threat

The Guardian - UK

Joe Trivelli’s recipes for tagliolini with clams, spelt salad, sardines, and peaches in red wine

Flavoursome Italian favourites to rustle up on holiday. By Joe Trivelli

Livingetc

This genius IKEA hack turns a serving bowl into a tabletop firepit - and it takes just 20 minutes to make

With a serving bowl, a ramakin, some decorative pebbles, and a coat of paint, you can create this professional-looking firepit

The Independent UK

Louisiana refinery fire mostly contained but residents worry about air quality

Crews in Louisiana were still working to suppress flare-ups as an oil refinery fire burned for a second day along the banks of the Mississippi River

The Hindu

Petroleum dealers press for GST tax regime

Petroleum dealers in TN urge Central/State govts to switch to GST/uniform tax regime. This follows a peaceful protest by dealers from certain States. Uniform taxes would benefit consumers/dealers near borders. Dealers demand increase in margins. Low-volume dealers struggle due to competition/high expenses. 6,500 retail outlets in TN sell fuel supplied…

The Hindu

HOCKEY | Indian Oil Corporation weathers a fighback from Indian Navy before prevailing

.IOC wins 4-2 over Navy in 94th MCC-Murugappa Gold Cup All-India hockey tournament. Hockey Karnataka and PNB also prevail in Group-A and B matches. IOC's clever penalty corner move and Roshan Minz's close-range goal secure victory. Central Secretariat and Indian Army suffer defeats.

The Guardian - UK

Ravinder Bhogal’s recipes for spicy summer salads

A Thai-style salad with peanut sauce, a crab and mango rice noodle salad, and pork larb nachos with pickled cabbage, avocado and tomato-and-tamarind salsa

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