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The Latest Breaking News from Oil

Biden vows 'consequences' for Saudi Arabia after oil production cuts

United States President Joe Biden promised "consequences" for Saudi Arabia, after a Riyadh-led coalition of oil-producing nations sided with Russia to slash output.

Bangkok Post

Live Updates: Russia-Ukraine-War

Ukraine Southern Operational Command says its forces have recaptured five settlements in the Kherson region

The Independent UK

Leak detected in pipeline that brings Russian oil to Germany

A Polish oil pipeline operator says that a leak was detected in a pipeline in Poland which is the main route through which Russian crude reaches Germany

The Independent UK

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Factbox-The Druzhba oil pipeline from Russia to Europe

Polish operator PERN has detected a leak in one pipeline in the Druzhba system that carries oil from Russia to Europe, it said on Wednesday, an event that will add to concerns about Europe's energy security after the Nord Stream gas pipeline leak.

Reuters

Biden vows ‘consequences’ for Saudi Arabia after oil output cuts

US president suggests he will soon take action as aides announce the White House is re-evaluating ties with kingdom.

Al Jazeera

Druzhba pipeline leak reduces Russian oil flows to Germany

Germany said on Wednesday it was receiving less oil but still had adequate supplies, after Poland found a leak in the Druzhba pipeline that delivers crude from Russia to Europe that Warsaw said showed no sign of being caused by sabotage.

Reuters

Suella Braverman says ‘fire engine blocking’ Just Stop Oil demo ‘indefensible’

The Home Secretary said she expects police to use the ‘full powers’ available to them to deal with ‘disruptive’ protests

Evening Standard

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EU countries turn to Africa in bid to replace Russian gas

European leaders are turning to Africa for more natural gas as they try to replace Russian energy amid the war in Ukraine

The Independent UK

Democrats Disagree Over Relationship with Saudi Arabia

US Democratic Representatives have tackled the Saudi-US relationship, with Representative Adam Smith warning against launching vague and incomprehensible threats against Saudi Arabia. Earlier, White House national security spokesman John Kirby said President Joe Biden is willing to begin reevaluating the US-Saudi ties after the Kingdom and its oil-exporting allies announced…

Asharq Al-Awsat

Biden says Saudi Arabia will face ‘consequences’ for OPEC cut

WASHINGTON — President Joe Biden said there would be “consequences” for Saudi Arabia over the decision by OPEC+ to slash production, a move the administration says will benefit Russia by propping up oil prices.

Tribune News Service

Biden says Saudi Arabia will face 'consequences' for OPEC+ oil production cut

President Joe Biden said Tuesday there will be "consequences” for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for a freeze on cooperation with the Saudis.

France 24

Oil spill in Launceston's Tamar River sparks calls for removal of abandoned boats

There are calls for better management of Launceston's Tamar River as the Environment Protection Authority works to contain an oil spill. It says the likely source is an abandoned tugboat, but that has been contested by the son of a former owner.

ABC News

Biden is rethinking the U.S. relationship with Saudi Arabia after OPEC cuts

After the cartel said it would cut oil production by 2 million barrels per day starting next month, the White House said it's time to look at the longstanding partnership with Saudi Arabia.

WEKU

A 3-cheese pizza that beats delivery

Greens, cheese and a protein of your choice — we like plant-based crumbles or pork — come together beautifully here

Salon

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Tribune News Service

Outraged Biden team vows consequences for Saudis over OPEC+ cut

WASHINGTON — Top aides to President Joe Biden voiced their fury with Saudi Arabia over OPEC+ oil production cuts Tuesday, saying the administration was undertaking a sweeping reevaluation of its relationship and planned to engage with lawmakers clamoring to punish the kingdom.

StockNews.com

3 Energy Stocks for Investors to 'Buy the Dip'

Energy stocks have dipped along with the rest of the market as recession fears increase. However, the longer-term supply situation continues to be concerning especially with expectations that Russia's oil production will decline due to sanctions. Thus, investors should consider buying high-quality energy stocks like Valero (VLO), Occidental Petroleum (OXY),…

Al Jazeera

Biden ‘reviewing’ ties with Saudi Arabia amid anger over oil cuts

Riyadh says oil production curbs are ‘purely economic’ as critics in Washington accuse it of empowering Moscow.

The Independent UK

Biden reevaluating US-Saudi relationship amid Democrat anger

President Joe Biden is reevaluating the U.S. relationship with Saudi Arabia

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The Independent UK

Braverman says ‘fire engine blocking’ Just Stop Oil demo ‘indefensible’

The Home Secretary said she expects police to use the ‘full powers’ available to them to deal with ‘disruptive’ protests

The Guardian - UK

G7 leaders dodge decision on imposing price cap on Russian oil

Promised plan still mired in debates over feasibility and wisdom, with Germany fearing further Russian energy cuts in response

Reuters

U.S. won't take eye off Iran in review of Saudi relationship - State Dept

The Biden administration will not take its eye off the threat posed by Iran as it reviews Washington's relationship with Saudi Arabia after the OPEC+ decision to cut oil production, State Department spokesperson Ned Price said on Tuesday.

The Guardian - UK

Saudi Arabia will face ‘consequences’, says Biden, amid anger at cuts in oil output

Moves by Opec+ to reduce production seen as siding with Putin over the US just as midterms loom

Wales Online

King Charles III's coronation memories when he was four years old: 'crowds kept me awake all night'

With the date of King Charles III's coronation confirmed, we look at the Queen's coronation in 1953 to get an idea of what to expect when the King is crowned

Axios

Biden warns Saudi Arabia will face "consequences" over OPEC oil production cut

OPEC+ decided to cut oil production by 2 million barrels per day starting next month.

Asharq Al-Awsat

Saudi Govt Hails OPEC+’s Pivotal Role in Achieving Balance, Stability in Oil Markets

The Saudi government praised on Tuesday the pivotal role played by OPEC+ in achieving balance and stability in the global oil markets, and consequently, supporting the world economy. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The ministers reviewed…

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