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The Latest Breaking News from Oil

‘A leader of the world’: south-east Asian countries open to Putin pivot

Only Singapore has imposed sanctions, while others have been receptive to Moscow’s offers of friendship

The Guardian - UK

Biden team weighs new oil release among steps to rein in prices

WASHINGTON — Officials within President Joe Biden’s administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation’s emergency crude reserves.

Tribune News Service

Matthew Fox saves the world in Peacock’s climate change thriller ‘Last Light’

The cast of “Last Light” wants you to be scared. They also want you to do something.

Tribune News Service

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1 ETF Most Investors Still Find Attractive Right Now

Despite gaining more than 40% year-to-date, Energy Select Sector SPDR Fund (XLE) still looks attractive to investors due to the expected rise in energy prices by the end of this year. Therefore, it could be wise to buy this ETF now. Read on….

StockNews.com

Wales set for massive row with Westminster as Liz Truss plans to lift the ban on fracking

Mark Drakeford said fracking plans are a 'contradiction of the climate crisis'

Wales Online

1 Energy Stock That Makes a Great Addition to Your Portfolio

Leading Oil & Gas company APA Corporation (APA) reported impressive second-quarter financials, and the stock has gained in double digits so far this year. The company is well-positioned to witness solid growth in the upcoming quarters, driven by its diversified portfolio, strategic acquisitions, and sustained energy demand. So, we think…

StockNews.com

Liz Truss's energy plan freezes bills – but leaves dysfunctional market intact

The energy payments package announced by Prime Minister Liz Truss tackles one immediate problem: it heads off soaring household energy bills by capping them at around £2,500 a year until 2024 and offers to hold down prices for businesses. Essentially, the government will cover a sizeable share of your energy…

The Conversation

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Central African nations eye pipelines and hubs to end energy poverty

Central African countries signed a deal on Thursday to create a regional oil and gas pipeline network and hub infrastructures which backers say will strengthen energy supply and reduce dependence on imports of refined products.

Reuters

Does Liz Truss’s plan offer solutions to the UK’s energy crisis? Our panel’s verdict

Prices for consumers are capped, but with no windfall tax on oil or gas giants, taxpayers will foot this bill

The Guardian - UK

$Chemicals billionaire Jim Ratcliffe renews fracking calls to after Truss energy plan$

Chemicals billionaire Jim Ratcliffe renews fracking calls to after Truss energy plan

The Ineos founder, one of Britain’s richest men, wants to drill for shale gas after Liz Truss backs home-grown energy

Evening Standard

12 problems in the small print of Liz Truss's plan to cap your energy bills this winter

The new Prime Minister unveiled plans to limit energy bills from rising above £2,500 a year for most Brits. But there are plenty of nasty details hidden in the small print

Daily Mirror

Starmer says Truss ‘driven by dogma’ over refusal to back expanded windfall tax

Labour leader suggests the Prime Minister is on the side of oil and gas companies and not voters.

The Independent UK

The energy historian who says rapid decarbonization is a fantasy

Vaclav Smil rarely agrees to interviews. Too many in the media have portrayed him as a tool of Big Oil, he says — because he insists on pointing out how deeply dependent humanity is on fossil fuels and how difficult it will be to give them up.

Los Angeles Times

Bank of Canada gives hope of better times, as oil continues to tumble

Central banks around the world are rising rates, but offering hope that the end is in sight, while crude oil hits a seven-month low.

The New Daily

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Evening Standard

The Standard View: This fossil fuel crisis requires clean energy solutions

The financial support package set out by the Government today will come as a relief to millions of households and businesses. Part of this plan will also involve expanding our energy supply, including fracking and North Sea oil and gas.

The Independent UK

How will the Government’s energy bills help be paid for?

Prime Minister Liz Truss announced a major new package to help households and businesses with their energy bills.

Evening Standard

Fracking ban lifted by Liz Truss as PM pushes domestic energy to tackle bills crisis

The move will be met with strong opposition from local campaigners and environmentalists

Daily Record

Here’s how to reheat your McDonald's in the air fryer

What’s better than McDonald's? McDonald's two days in a row. Here’s how you can reheat leftovers safely in the air fryer.

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Reuters

Analysis-Putin's energy gamble may prove a double-edged sword for Russia

President Vladimir Putin's threat to completely cut off energy supplies to the West in a deepening confrontation over Ukraine could prove to be a double-edged sword for Russia.

The Independent UK

Liz Truss lifts fracking ban and pushes domestic energy to tackle bills crisis

The move will be met with strong opposition from local campaigners and environmentalists.

Reuters

Nigerian oil workers threaten to strike if govt doesn't stem theft

Members of a Nigerian oil workers' union are threatening to go on strike if the government does not do more to stem widespread oil theft they say is putting their safety at risk and has cut exports by hundreds of thousands of barrels.

The Independent UK

Tofu knots: Demystifying recipes for TikTok’s latest trend

The ancient Asian ingredient has been doing the rounds on social media, but what is it and how do you cook it? Hannah Twiggs investigates

Homes & Gardens

I'm a trained chef and swear by these ridiculously easy recipes to cook in an air fryer when I'm short on time

What to cook in an air fryer according to a trained chef – from energy-boosting snacks and breakfasts to indulgent desserts, they'll be your mid-week winners.

Evening Standard

Liz Truss energy plan: £1,000 a year off bills as Prime Minister announces ‘extraordinary measures’

Taxpayers fund £2,500 energy cap to 2024 as help also given to businesses, schools and hospitals

Asharq Al-Awsat

Saudi Energy Minister: OPEC+ Does Not Target Specific Price Range

Saudi Energy Minister Prince Abdulaziz bin Salman stressed that OPEC+ did not target specific prices or price ranges, but rather sought to support market stability and balance supply and demand for the benefit of the petroleum industry. Prince Abdulaziz, who chairs the ministerial committee in the OPEC+ alliance, told an…

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