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The Latest Breaking News from Oil

Explained | What is windfall tax and why are countries imposing it on the energy sector right now?

Big energy companies clocked huge profits in the first half of this year, making record windfall gains which governments have tried to rein in

The Hindu

Famous chippy's price rise drew complaints from customers - it's still not enough in a trade facing 'extinction'

Levers is an Oldham institution

Manchester Evening News

Paying £14 for fish and chips may be the only way to save our favourite takeaway

War, heatwaves and the energy crisis are killing chip shops

Wales Online

From analysis to the latest developments in health,
read the most diverse news in one place.

Four drug peddlers from A.P. arrested in two separate cases

50 kg ganja, 1 litre hashish oil seized

The Hindu

Govt starts project to increase sunflower oilseeds production in Odisha

BHUBANESWAR: Keeping the rising prices of edible oils in mind, the Centre has taken steps to increase the oilseeds production in the country including Odisha. Sunflowers have been identified for area expansion. As many as 15 districts of Odisha have been chosen for this project.

The Times of India

Mid Antrim 150 cancelled after oil, glass and nails 'deliberately' left on track

The PSNI said the items had been deposited on the Clough circuit overnight

Belfast Live

Fighting the inflation fire: Europe seeks remedies to cost-of-living crunch

Inflation is a word that viewers are likely now hearing almost every day. It's the term we use to talk about the cost of things that most of us regularly buy, like food and clothes, electricity bills, and the materials and resources used by businesses. Wherever you're watching, it’s almost…

France 24

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Saudi Arabia Welcomes Yemeni Gov’t Decision to Ease Entry of Oil Ships to Hodeidah

Saudi Arabia welcomed on Friday the Yemeni government’s decision to allow a number of oil ships to enter the port of Hodeidah on an exceptional basis at the request of the UN to alleviate the humanitarian crisis triggered by Houthi coup militias in Yemen. “Saudi Arabia welcomes the decision by…

Asharq Al-Awsat

Landmark UAE Gas Sales Agreement Signed between ADNOC, DUSUP

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, have witnessed the signing of a landmark gas sales agreement between Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority (DUSUP). The agreement showcases the UAE’s…

Asharq Al-Awsat

Aldi shoppers slam 'ridiculous' price increases as sunflower oil hits £2

One furious shopper took to the Aldi UK Facebook page to ask if the budget supermarket was "having a laugh".

Daily Record

Venezuela to seek extradition of former minister in corruption case

Venezuela will seek the extradition of a former top energy official and launched fresh legal action against a former oil minister, who it is also trying to extradite from Europe, the state attorney-general's office said on Friday.

Reuters

Rates, inflation and energy have investors' attention

RECAP: Global markets remained fixated this week on inflation, interest rates and energy prices. There was added drama in Britain, where the passing of Queen Elizabeth II came just two days after Prime Minister Liz Truss took office and announced a bold plan to cap soaring energy prices for two…

Bangkok Post

Ecuador inks temporary oil moratorium deal with indigenous groups

The government of Ecuador and indigenous leaders on Friday signed a deal to declare a temporary development moratorium on 15 oil blocks and suspend new mining contracts until a law about prior community consultations is in place.

Reuters

3 Ways To Earn High Yields As Energy Prices Surge

As the natural gas Oct. 22 futures retreated from record highs of $9.98 per cubic foot to $8.27 per cubic foot, the SPDR Energy Select Sector Fund (ARCA: XLE) fell by .80%.

Benzinga

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The Guardian - AU

Sichuan fondue and cheat’s custard tart: Rosheen Kaul’s Chinese-ish recipes

Drawing from her eclectic mix of backgrounds, Kaul shares three joyfully inauthentic, colourful recipes

StockNews.com

3 Oil Stocks That Are Better Buys Than Occidental Petroleum

Russia is threatening to cut energy supplies to Europe, which could keep oil prices elevated this year. While rising oil prices should help the energy industry thrive, Occidental Petroleum (OXY) is not well-positioned to capitalize on the industry tailwinds. However, one could benefit from the industry’s solid prospects by investing…

The Guardian - AU

What happened in the Russia-Ukraine war this week? Catch up with the must-read news and analysis

Ukraine’s push to retake Kherson a symbol of Kyiv’s hope; UN seeks demilitarised zone around Zaporizhzhia nuclear plant; Russia intensifies energy war

The Guardian - UK

The Guardian view on Truss’s energy price cap: right policy for the wrong reasons

Editorial: Instead of plans to bring on greener sources of power generation, the prime minister wants to drill for oil and frack for gas

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Benzinga

Can Agriculture ETFs Continue To Soar After A Great August?

The agricultural commodity market has been an area to watch lately, given worries over the growing global food crisis and rising prices. Global food prices are surging at the fastest pace ever as the war in Ukraine has disrupted crop supplies, piling up more inflationary pain on consumers and worsening…

Benzinga

Nasdaq Jumps Over 200 Points, Crude Oil Rises Sharply

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Friday.

The Guardian - UK

‘A broken system’: campaigners urge Liz Truss to rethink energy plan

Climate activists, anti-poverty groups and trade unionists plan wave of protests in autumn

Nottingham Post

Fracking - Nottinghamshire identified as potential hotspot

The British Geological Survey highlighted four potential fracking sites before it was banned in 2019

Al Jazeera

Niger Delta oil spills bring poverty, low crop yields to farmers

Industry insiders say six decades of oil exploration have made the Niger Delta one of the most polluted places on earth.

Los Angeles Times

With gas-fueled car ban, California hopes to lead the nation. Can it deliver?

LOS ANGELES — It was the sort of bold, climate-focused initiative that California has developed a reputation for — an effective ban on the sale of new gasoline-powered cars by 2035.

Reuters

Russia warns the West: energy price cap will be your undoing

Russia warned the West on Friday that plans to try to cap the price of Russia's oil and gas exports in retaliation for the war in Ukraine would fail and ultimately lead to the instability of the United States and Europe.

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Mohamed bin Zayed Al Nahyan

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