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The Latest Breaking News from Oil

Petrol prices nudge $2 a litre for King’s Birthday long weekend

Australians are facing petrol prices teetering around $2 a litre ahead of the long weekend, with bowsers peaking across Australia's big cities.

The New Daily

Tories slammed over plan to scrap North Sea oil and gas windfall tax

The Scottish Lib Dems said the move shows the Tories 'simply doesn’t care about the people who are struggling to get by' while the Greens called it 'devastating'.

Daily Record

Government says windfall tax on energy firms will be removed if prices keep falling

The tax was added when prices soared, but it could soon return to regular levels

Nottingham Post

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Windfall tax on energy firms will be removed if prices keep falling, says UK government

The tax was added when prices soared, but it could soon return to regular levels

Wales Online

Boris Johnson resigns as MP with immediate effect and says he is ‘bewildered and appalled’ at being ‘forced out’ – as it happened

Former prime minister to be suspended for 10 days and will not stand again in Uxbridge and South Ruislip

The Guardian - UK

America is going through an oil boom — and this time it's different

Business is pretty good in America's busiest oil patch. Prices are high enough to turn a profit and then some. But instead of going wild, producers have been aiming for something new: Discipline.

WEKU

£19.3bn of fossil fuels imported by UK from authoritarian states in year since Ukraine war

As Russian oil and gas imports fell petrostates including UAE, Qatar and Saudi Arabia increased exports to UK

The Guardian - UK

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UK Government to scrap windfall tax if oil and gas prices fall further

The current 75% tax on North Sea oil and gas profits could move back to 40% if prices reach certain levels

Insider UK

FTSE 100 live: ‘Bank of England won’t cut rates until 2025’; Mortgage turmoil continues; FTSE closes at 7,562

Blue-chip shares started higher but soon fizzled in a week when the European Central Bank and the US Federal Reserve reveal their latest interest rate decisions.

Evening Standard

North Sea oil and gas industry offered ‘get-out’ clause on windfall tax

Jeremy Hunt hopes suspending energy profits levy if Brent crude falls below $71.40 a barrel will aid investment

The Guardian - UK

Rochdale AFC fan group slam parking scheme plans that could 'stop people attending matches'

People living in the Spotland area have received a leaflet setting out a potential residents’ parking zone covering the streets surrounding the Crown Oil Arena.

Manchester Evening News

Methane reduction holds key to averting climate catastrophe

Halting known sources, such as leaky oilwells, could slash projected emissions by half by 2030

The Guardian - UK

Meddling claim sparks excise probe

The Excise Department has come under fire after it was claimed that one of its high-ranking officials attempted to persuade the police to release a truck which had been seized for carrying 15,000 litres of smuggled oil.

Bangkok Post

California jury returns $63M verdict after finding Chevron covered up toxic pit before selling land

A California jury has returned a $63 million verdict against Chevron after finding the oil giant covered up a toxic chemical pit and then sold the land to a man who built a house on it and was later diagnosed with a blood cancer

The Independent UK

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Bangkok Post

Oceans need collaborative effort

As we mark the World Ocean Day 2023 this week, we should take a moment to consider the work that still needs to be done. From marine pollution and climate change to unsustainable practices and declining populations of endangered species, the challenges we face are immense. In the Arafura and…

The Conversation

Pierre Bonnard: the master of shimmering luminosity, who painted difficult paintings and yet made them lucid and accessible

Pierre Bonnard, unlike his older contemporary, Paul Gauguin, never visited Australia, yet Bonnard’s influence on Australian art is pervasive and profound.

Barchart

Crude Prices Fall on Iran Media Reports and Global Energy Demand Concerns

July WTI crude oil (CLN23 ) on Thursday closed down -1.24 (-1.71%), and July RBOB gasoline (RBN23 ) closed down -2.85 (-1.08%). Crude oil and gasoline prices this morning gave up an early advance and posted moderate losses on reports that Iran and the U.S. have made progress in talks...

The Independent UK

UAE's al-Jaber promises young activists he'll listen; says nothing about fossil fuel ties

The United Arab Emirates official tapped to head the next global climate summit pledged Thursday to listen to young people demanding a place at the table when negotiators gather in the Gulf nation this fall

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Salon

Celebrate summer with corn and peaches

Get out of the kitchen and let the grill handle it all: the main, the side . . . and even the dessert, too

Newsroom.co.nz

Hoping for an effective COP28? Bonn chance!

Bonn climate meeting planning for Dubai COP in December starts with clashing agendas, including EU and US politicians saying having an oil company chief executive as president of the negotiations would “severely jeopardise" them

Barchart

Crude Prices Sink on Global Energy Demand Concerns

July WTI crude oil (CLN23 ) this morning is down -2.98 (-4.11%), and July RBOB gasoline (RBN23 ) is down -9.15 (-3.46%). July Nymex natural gas (NGN23 ) is down -0.046 (-1.98%). Crude oil and gasoline prices this morning gave up an early advance and fell sharply on concern that...

StockNews.com

3 Oil Stocks to Watch This Week

Increased demand for oil and the recent production cuts are anticipated to push prices up. Given that the oil price tailwinds could bolster the energy industry in the foreseeable future, oil stocks Equinor ASA (EQNR), YPF Sociedad Anónima (YPF), and GeoPark Limited (GPRK), with notable fundamental strength, could be added…

Real Homes

Diffuser vs candle — which is best and why?

We've compared diffuser vs candle to determine which option is best for which use and what the pros and cons are of each. See which one ends up on top!

The Guardian - UK

Jeremy Hunt stays silent on court hearing to stop oil drilling in Surrey constituency

Chancellor previously opposed plans approved by government to sink exploration well in Surrey Hills

The Independent UK

Climate campaigners cover ‘bird’ in fake oil in Rosebank protest

Ocean Rebellion staged the demonstration in Dundee to highlight the risk of oil spills.

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