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The Latest Breaking News from Oil

Beach Energy cashed up for gas expansion

Oil and gas company Beach Energy has posted increased earnings and cashflow on rising gas prices and high demand as it prepares to enter the global LNG market.

AAP

Vessel carrying 2,600 gallons of fuel, oil sinks near San Juan Island

SEATTLE — A 49-foot commercial fishing vessel carrying an estimated 2,600 gallons of diesel and oil sank off the coast of San Juan Island Saturday, according to the U.S. Coast Guard.

Tribune News Service

Cooking oil price surges hurt Australian takeaway outlets including fish and chips

Covid-induced inflation, drought in Canada and global instability are putting the squeeze on key ingredients of a national staple

The Guardian - AU

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Saudi Aramco profits soar by 90% as energy prices rise

The $48bn figure from world’s biggest oil firm is thought to be one of largest quarterly profits in history

The Guardian - UK

Your price at the pump went up. So did Saudi Aramco's profits — to a new record

Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.

WEKU

Eve Best: ‘They told me my House of the Dragon character was a dragon rider – I was in!’

The actor on her new role in the Game of Thrones prequel, why #MeToo change needs to hurry up, and how she finds joy making olive oil in Italy

The Guardian - UK

In Pictures: Widest load on British roads?

A massive section of a new furnace for an oil refinery crept down the M53 on Saturday night.

The Independent UK

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High oil prices help Saudi Aramco earn $88B in first half

Saudi oil company Aramco’s half-year profits peaked just shy of $88 billion as oil prices remain high globally

The Independent UK

Saudi Aramco Profit Soars on Higher Prices and Refining Margins

Saudi Arabian state oil producer Aramco reported a 90% rise in second-quarter profit on Sunday, boosted by higher oil prices, volumes sold and refining margins.

Asharq Al-Awsat

India says US raised concern over processed Russian oil shipment

NEW DELHI — The U.S. expressed concern that an Indian company hid the origin of Russian oil, processed it and shipped some products to New York, according to a deputy governor of India’s central bank.

Tribune News Service

Russian diplomat confirms talks with US to trade Brittney Griner for Viktor Bout

WNBA star sentenced to nine years in Russian prison over small amout of cannabis oil in luggage

The Independent UK

Rishi Sunak accused of breaking climate vow with new plan to drill more oil and gas

Plan to boost drilling in North Sea ‘utterly bewildering’, say campaigners

The Independent UK

Lord Alan Sugar blasts oil firms for 'whacking prices up' and demands stricter regulation

Alan Sugar blasted companies for taking advantage of consumers with petrol prices - it comes after BP raked in profits of £6.9m in three months as households struggle with energy bills

Daily Mirror

Flatbread, fried courgettes, and a feta dip: Honey & Co’s Greek meze recipes

A trio of make-ahead starters: warm flatbreads, a sharp and tangy pepper dip, and crisp courgettes with a drizzle of honey and a hit of chilli

The Guardian - UK

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Daily Mirror

You've been slicing avocados wrong - as certain knives can make them turn brown faster

Avocados are known to spoil quickly, but it turns out the way you prepare them could be speeding up the browning process. Luckily, there's a simple solution everyone can use

The Guardian - UK

When food shortages bite: what to eat and drink in the age of empty shelves

Weather, war and energy prices have put supplies under severe pressure. From British rhubarb to DIY dairy, here are some simple alternatives that could fill the gaps

Tribune News Service

Bobby Ghosh: Bolton plot should be a warning on Iran nuclear talks

The Iranian regime has a long, dishonorable history of assassination plots against dissidents and detractors abroad, but commissioning a hit against a former U.S. national security adviser represents a raising of the bar in brazenness. The revelation that a member of the Islamic Revolutionary Guard Corps attempted to have John…

Wales Online

'We might not be here next year': The mounting challenges facing Wales' hospitality industry

Traders are reporting decent footfall after years of pandemic turmoil but face new pressures with soaring costs and a lack of staff

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Tribune News Service

5 reasons why you’re paying way less at the gas pump

For nearly 60 straight days, drivers have seen a steady drop in gasoline prices — something that seemed unfathomable earlier in the summer when the average price nationally approached $5 a gallon.

The Texas Tribune

Texas Dems uniformly vote for Biden’s cornerstone climate and health care legislation

The bill would invest billions into issues acutely impacting Texas, including climate change and health care, and is the result of months of intraparty fighting between moderates and progressives.

The Independent UK

A battle for Ukraine’s mineral and energy wealth

After nearly six months of fighting, Moscow’s invasion has yielded at least one big reward write Anthony Faiola and Dalton Bennett

The Independent UK

Oil shipments from Russia resume to Czechia

Oil shipments from Russia through a critical pipeline to Czechia have resumed after more than a week

The Conversation

Congress passes Inflation Reduction Act: Its climate promise relies heavily on carbon capture, meaning thousands of miles of pipeline

The U.S. House passed a sweeping climate, energy and health care bill on Aug. 12, 2022, that contains about US$370 billion to foster clean energy development and combat climate change, constituting the largest federal climate investment in history. The bill now goes to President Joe Biden for his signature.

The Independent UK

Explainer: Why gas prices are falling

Gas prices hit record highs just two months ago, but now they're sinking below $4 a gallon

Bangkok Post

Government moves to tame fuel crisis

The government will roll out a set of measures to ease the economic impact of the global fuel crisis caused by the Russia-Ukraine war, said Krisada Chinavicharana, permanent secretary of the Finance Ministry.

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