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The Latest Breaking News from Oil

Indian Oil Corporation to expand operations in Sri Lanka

The IOC would invest in storage tanks and other equipment while the dealers are expected to have the land and bear other infrastructure costs, Lanka IOC Managing Director Manoj Gupta said.

The Hindu

Petrol prices down, diesel price unchanged

The board of the Oil Fuel Fund Office (OFFO) resolved on Monday to keep the local diesel price at 34.94 baht per litre, while petrol prices will drop significantly on Tuesday.

Bangkok Post

Five bang-for-your-buck recipes that are low on cost but big on flavour

With a few basic rules, Emily Weinstein brings big flavour to dinner without breaking the bank

The Independent UK

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Plastic can take hundreds of years to break down – and we keep making more

Americans throw away an estimated 2.5m plastic water bottles an hour. We need international cooperation to protect our planet and our health

The Guardian - US

Acquacotta: Rachel Roddy’s recipe for vegetable broth with poached eggs

How do you like your water cooked? This version from Tuscany – beans, spuds, tomatoes, parmesan, garlic, lashings of olive oil – sounds rather delicious

The Guardian - UK

Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to help alleviate crisis

Sri Lanka has given approval for India's Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts to reduce severe shortages that have crippled the island nation.

Reuters

Diabetes Quick Fix: Orange-Honey Chicken with Garlic Zucchini and Grape Tomatoes

Orange, almonds and honey flavor chicken cutlets for this quick dinner. Boneless, skinless chicken cutlets, available in most supermarkets, are about 1/2-inch thick. They cook in just 4 to 5 minutes.

Tribune News Service

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COUNTERPOINT: Manchin disappoints with Inflation Reduction Act

Throughout Joe Biden’s presidency, Sen. Joe Manchin, D-W.Va., has acted as a check on his party’s worst excesses. Manchin has stopped billions, possibly trillions, in unaffordable government spending. He trimmed bills into a reasonable state and was the key voice bringing the Biden infrastructure bill from $715 billion down to…

Tribune News Service

Oil Bounces as China, US Data Ease Recession Concerns

Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on US jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. US West Texas Intermediate crude was at $89.76…

Asharq Al-Awsat

Proposed Rosebank oil field 'will have lowest possible carbon footprint'

Equinor says a final investment decision could happen next year

Insider UK

$Channel Country advisory group outcomes about gas exploration and fracking remain secret$

Channel Country advisory group outcomes about gas exploration and fracking remain secret

Almost 12 months after the Queensland government quietly granted oil and gas leases in the environmentally sensitive Channel Country, there are calls for the outcome of stakeholder meetings to be made public.

ABC News

One dead, 122 injured in massive fire at Cuban oil facility after lightning strike

Lightning struck one tank at the Matanzas facility, causing it to catch fire and ignite another nearby tank

The Independent UK

Cuba gets help from Mexico, Venezuela to fight oil fire

Cuba appeared to make progress on Sunday bringing under control a fire at its main oil storage facility that has killed one firefighter, drawing on help from Mexico and Venezuela to fight the raging flames.

Reuters

Australian fuel efficiency standards could have saved motorists $5.9bn, research shows

Australia Institute report makes a case for fuel standards as a means to cut emissions and decrease reliance on foreign oil

The Guardian - AU

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The Independent UK

Firefighters battle blaze at oil storage site for 2nd day

Cuban firefighters have been joined by special teams sent by Mexico and Venezuela as they battle for a second day to control a fire blazing at a big oil tank farm

Asharq Al-Awsat

Oman Posts 784 Million Rial Budget Surplus for H1/2022

The Omani government posted a budget surplus of 784 million rials ($2.04 billion) at the end of the first half of 2022, Oman's state news agency reported on Sunday. The Gulf Arab state's oil revenues increased to 3.187 billion rials by the end of first half, the report added. Public…

France 24

Cuba asks for international help as deadly oil depot fire rages

A fire set off by a lightning strike at an oil storage facility raged uncontrolled in the Cuban city of Matanzas, where four explosions and flames injured 121 people and left 17 firefighters missing. Cuban authorities said a unidentified body had been found late Saturday.

WEKU

17 missing, 121 hurt, 1 dead in fire at Cuban oil facility

A fire set off by a lightning strike at an oil storage facility raged uncontrolled in the Cuban city of Matanzas, where four explosions and flames injured 121 people and left 17 firefighters missing.

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Roll Call

Thune breaks through Democratic bloc on 'vote-a-rama' amendments - Roll Call

Senate Democrats stuck together and mostly voted against amendments to their tax, climate and health care package.

The Times of India

IOC, HPCL, BPCL post Rs 18,480 crore loss in Q1 on holding petrol, diesel prices

NEW DELHI: State-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) posted a combined loss of Rs 18,480 crore on holding petrol and diesel prices despite a rise in cost.

Liverpool Echo

Pro boxer starts 'miracle' business after struggling to eat

"I wasn't a big believer at the start. I thought it was just a bit of hype. I'm always very skeptical."

Daily Mirror

Cuba oil fire injures 121 - 17 firefighters missing after freak lightning strike

More than 1,000 civilians were evacuated from the area as the fire raged for more than 24 hours, Cuban authorities have confirmed. One person was listed as dead.

Miami Herald

More than 100 injured and 17 firefighters missing as oil tank fire rages in Cuba

A blazing fire in a crude oil tank in the port of Matanzas in Cuba caused several explosions Saturday morning that have left at least 121 people injured, local authorities said.

Miami Herald

Cuba was already facing an electricity crisis. These explosions could make that much worse

A fire at an oil storage facility in Matanzas adds to a string of bad news hitting Cuba this summer, already facing a major energy crisis that has fueled anti-government protests and a migrant exodus to the United States.

Daily Mirror

'We should act now to avert catastrophe - climate warnings are coming true'

The group Just Stop Oil wants to force the Government to stop licensing new oil production. At the moment, it is unclear what the action will involve - but disruption is inevitable

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