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The Latest Breaking News from Oil

Paint thrown over Chelsea Flower Show garden in Just Stop Oil protest

Orange paint was thrown over an exhibit at the event in London.

The Independent UK

Three arrested as Just Stop Oil protesters target Chelsea Flower Show

Some social media users have slammed the protest as ‘misguided’ while others praised the group

Evening Standard

Russia's Novak does not expect new steps from OPEC+ meeting

Russian Deputy Prime Minister Alexander Novak said on Thursday he expected no new steps from the OPEC+ group of oil producers at its meeting in Vienna on June 4, Russian media reported, after the group announced a significant output cut earlier this year.

Reuters

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India poised for world-beating growth, CEA Anantha Nageswaran says

NEW DELHI: India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the finance ministry.

The Times of India

Invasion of Ukraine ‘has fuelled funding boom for clean energy’

International Energy Agency says investment will hit $1.7tn this year, well ahead of fossil fuels

The Guardian - UK

Flying drones and chasing data, Indigenous women in Guyana join fight against climate change

A small group of Indigenous women in northern Guyana are flying drones and chasing data to help understand climate change and stop the worst of its impacts

The Independent UK

Texas Senate passes new economic incentive program to lure businesses to the state

Lawmakers hope to hammer out a program to replace the embattled Chapter 313 program before the legislative session ends Monday.

The Texas Tribune

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Brazil's Petrobras to appeal decision blocking drilling at Amazon mouth

Brazilian state-run oil company Petrobras said on Wednesday it will file this week an appeal against environmental agency Ibama's decision of blocking it from drilling a well at the mouth of the Amazon river.

Reuters

Crude Posts Moderate Gains as Weekly EIA Crude Inventories Unexpectedly Plunge

July WTI crude oil (CLN23 ) on Wednesday closed up +1.43 (+1.96%), and July RBOB gasoline (RBN23 ) closed up +6.00 (+2.34%). Crude oil and gasoline prices posted moderate gains, with crude climbing to a 3-week high and gasoline climbing to a 5-week high. Crude prices opened higher Wednesday on...

Barchart

A ‘middle kingdom’ dawns on India’s west

Saudi Arabia’s rapid ascendance to the pinnacle of the Arab world must be acknowledged, but Riyadh also faces several challenges

The Hindu

Massive clean-up underway after battery acid and oil spills from overturned lorry

Officials in Louth, Ireland said environment and highways officers have rushed to a motorway which runs between Dublin and Derry “to oversee a major clean-up following spillage from an overturned lorry"

Daily Mirror

‘Gramin vithraks’ urge oil firms to give them higher commission

Cooking gas distributors with small customer bases, including the gramin vithraks, say they are struggling with meagre incomes.

The Hindu

Crude Prices Jump as Weekly EIA Crude Inventories Unexpectedly Plunge

July WTI crude oil (CLN23 ) this morning is up +1.35 (+1.85%), and July RBOB gasoline (RBN23 ) is up +4.86 (+1.91%). June Nymex natural gas (NGM23 ) is up +0.056 (+2.41%). Crude oil and gasoline prices this morning are moving higher, with crude posting a 3-week high and gasoline...

Barchart

New Mexico, ‘Climate Champ’ Governor Sued for Oil and Gas Failures

Lawsuit argues the state is not equally upholding environmental protections enshrined in its constitution.

Capital & Main

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Barchart

Here’s Why Murphy Oil (MUR) Might Be Worth Speculating On

Although the hydrocarbon sector hasn’t been off to a great start, upstream player Murphy Oil could be interesting as a possible forward inflation trade.

Evening Standard

Just Stop Oil ‘slow marches’ cost Scotland Yard £3.5m in a month

Just Stop Oil’s new tactic of “slow marching” on the roads of London has cost the Metropolitan Police more than £3.5million, the force said on Wednesday.

Evening Standard

OPINION - Interest rates set to rise as inflation falls by less than expected

Today’s inflation figures are akin to a hangover that grows worse throughout the day. You wake up surprisingly chipper, just a sore throat and achy arms. But pretty soon you realise things are heading south, you’re not 21 anymore, and a deep familiarisation with the toilet bowl awaits. Oh, and…

GoodToKnow

Air fried chicken

Crisp golden coated chicken breasts cooked in an air fryer to perfection...

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Businessweek

Canada Wildfires Raise Threat of Another Oil-Sands Shutdown

Energy analyst counsels clients to “pray for rain,” while Fort McMurray residents rehearse lessons learned from the 2016 blaze.

Insider UK

Brodies opens Middle East office

New Abu Dhabi outpost will primarily focus on locally serving clients in the oil and gas sector

The Guardian - UK

UK inflation: which goods and services have risen most in price?

From olive oil to jam and clothing to transport, how costs have soared

The Guardian - US

‘Worthless’: Chevron’s carbon offsets are mostly junk and some may harm, research says

Exclusive: investigation finds energy giant’s efforts to offset its huge emissions rely on schemes with little impact

St. Louis Post-Dispatch

Editorial: The Arab world's conspiracy of dictators helps mask egregious rights abuses

What happens way over in the Arab world almost always has an impact here in tangible ways, whether it’s Syrian refugees amassing at the border or setting up residence in St. Louis, or Saudi Arabia teaming with Russia to make global oil prices skyrocket. A lot of readers might have…

The New Daily

Coroner warns of cooking oil, heaters after deadly shed fire in Swansea

The death of a 61-year-old in a fire is a "solemn reminder" of the dangers of drying towels on heaters and leaving cooking oil unattended.

AAP

Cooking oil, heater warning after deadly shed fire

A coroner has highlighted the dangers of using heaters to dry towels and leaving cooking oil unattended after a fatal shed fire in Tasmania.

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