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The Latest Breaking News from Oil

Explainer: What if US economy goes into recession? How it may impact India

NEW DELHI: The US Federal Reserve is expected to lift interest rates by three-quarters of a percentage point for a third straight time on Wednesday and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.

The Times of India

Martin Lewis urges UK Government for update on support for non-mains gas customers

Energy customers on LPG, heating oil and those on central heating plans still don't know what support will be available this winter

Wales Online

We need to be told the true climate cost of Schumer and Manchin’s pipeline side deal

Democrats hailed the Inflation Reduction Act as a climate crisis victory – so why the secrecy over an oil and gas pipelines bill?

The Guardian - US

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Holiday home demand and high oil prices see Rix revenues rise 42 per cent

Hull family business is back above £500m turnover mark after Covid-hit period as staycations help fuel growth

Birmingham Post

New energy bills help announced for families who miss out this winter - full details

Most of the focus has been on support for businesses - but the government has also announced new funding for hundreds of thousands of people in caravan parks, shared heat networks, all-inclusive bills and oil heating

Daily Mirror

Oil Prices Surge More than 2% as Putin Mobilizes More Troops

Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. Brent crude futures rose $2.28, or 2.5%, to $92.90 a barrel by 0707 GMT after falling $1.38 the previous…

Asharq Al-Awsat

Household energy bills in Northern Ireland 'to be capped from November'

The government said NI households will receive the same benefit overall as those in GB by backdating support

Belfast Live

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Just Stop Oil: What is the campaign all about and what do they want?

The climate campaign group is planning to demonstrate across Westminster

Bristol Post

Scents that mosquitoes hate – 9 expert recommendations for fragrant mosquito-repellent plants to grow in your yard

Adding one or two plants with scents that deter mosquitoes to your patio is a must this summer

Homes & Gardens

Cost-of-living crisis: SDLP proposes 1,000 litres of oil for every home

The scheme would be designed broadly along the lines of the High Street Voucher scheme, the party says

Belfast Live

Oregon refinery fire: Massive inferno erupts with two injured at BP facility

A massive fire broke out at a BP oil refinery in Oregon, Ohio, with fire crews responding to reports of injuries at the site as huge clouds of smoke were seen rising from it

Daily Mirror

Alaskans pocket over $3,000 in annual oil-wealth payments

Nearly every single Alaskan got a financial windfall amounting to more than $3,000 Tuesday

The Independent UK

North Sea oil and gas industry ‘on track to meet emission reduction targets’

The North Sea Transition Authority said there had been emission reductions of more than one fifth between 2018 and 2021.

The Independent UK

Prima Marine earmarks B4.37bn to buy new vessels

SET-listed Prima Marine, an operator of marine transport and storage of crude oil and petroleum products, plans to allocate 4.37 billion baht to purchase new marine vessels this year to grow its business.

Bangkok Post

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Benzinga

Why An Analyst Anticipates This Small Texas Oil Company Stock To Tap A Gusher

SilverBow Resources Inc (NYSE: SBOW) is a small cap oil and gas company operating out of Texas that is leveraging its core footprint in the Eagle Ford Shale, while also employing disciplined M&A parameters to scale its South Texas footprint.

Reuters

U.S. senators want secondary sanctions on Russian oil

Democratic and Republican senators on Tuesday proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

Benzinga

Nasdaq Down 50 Points; Crude Oil Falls Sharply

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping around 50 points on Tuesday.

Reuters

Rampant Nigeria oil theft is 'treason', House Speaker says

Crude oil theft in Nigeria, which is blamed for throttling output and exports, is tantamount to treason that should be punished by the stiffest possible penalty, the Speaker of the House of Representatives said on Tuesday.

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news in one place.

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Al Jazeera

Maritime gas dispute risks conflict between Lebanon and Israel

Hezbollah leader calls the Israeli plan to extract gas at the disputed maritime border a ‘red line’.

Wales Online

Oil 4 Wales offers elderly customers free fuel to beat winter cost of living fears

Oil 4 Wales will offer a one-off delivery of 800 litres of oil to its customers aged 80 or over

Benzinga

Top Financial Media Stories Tuesday, September 20: Apple Feels The Forex Pinch, Pepsi Ends Russian Production, Beyond Meat's COO Arrested And More..

Reuters What Recession? AmEx Shares Ambitious Hiring Plans As Peers Let Go Staff

The Guardian - UK

Higher energy bills a price worth paying for UK security, says Truss

Prime minister says cost of weaning UK off cheap gas and oil will not be passed on to bill payers

Evening Standard

Best face masks to give you soft and glowy skin

Use once or twice a week for a skincare pick-me-up

Birmingham Post

Oil 4 Wales to offer free one-off oil deliveries to elderly customers

The independent fuel supplier has budgeted £75,000 to undertake the scheme

The Guardian - UK

Saudi Aramco chief says Europe’s plans on energy crisis are not helpful

Amin Nasser says plans to cap bills and tax energy companies are not long-term solutions

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