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The Latest Breaking News from Oil

OPEC+ to decide oil output to world amid high inflation

The OPEC oil cartel and its allies are meeting to decide how much oil to produce in September

The Independent UK

Drought takes toll on Tuscany's famed olive oil and wine production

Farmers in Tuscany, the heart of Italy's prized wine and olive oil industry, are battling to salvage as much as they can of this year's crop from the ravages of drought and heatwave.

Reuters

Belfast man shares top tips after saving money on heating oil and fuel

"It seems like pennies, it seems like pounds, but every penny's a prisoner."

Belfast Live

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Cold showers, no lights: Europe saves as Russian gas wanes

Energy saving is all the rage in Europe as the continent rushes to wean itself off natural gas and oil from Russia

The Independent UK

Hezbollah Dampens Mood in Lebanon-Israel Marine Border Talks by Slamming US

Hezbollah dampened the positive mood that prevailed during US Envoy for Energy Affairs Amos Hochstein's meeting with Lebanese officials over the demarcation of the marine border with Israel, by criticizing Washington and accusing it of preventing Beirut from extracting its offshore gas and oil. Hochstein had paid a two-day visit…

Asharq Al-Awsat

BBQ recipes: Four of the best from London chefs, with wine pairings to match

From a marinade for almost every meat to a pudding that doubles as a main, four top chefs tell David Ellis how to do the ultimate barbecue, without the hassle

Evening Standard

Asda, Waitrose and Morrisons issue urgent food recall on items including pasta and sardines

There have been warnings of a contamination risk

Nottingham Post

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Mahle's New SCT Motor Promises Extra Longevity And Performance

Automotive supplier Mahle introduces the SCT electric motor, which claims 90-percent efficiency thanks to a sophisticated oil-cooling system.

RideApart

How authentic are ayurvedic treatment oil for beauty rituals

The Ayurveda medical science has been a trusted weapon for taking care of our physical and internal health for ages. People rely on ayurvedic products to protect their skin from everything around them, especially climate change issues that cause the skin to lose its eternal glow. In addition, they always…

The Times of India

Sustainable wild sandalwood harvest sought by Yilka traditional owners

Rangers who harvest wild sandalwood from one of the most remote corners of Australia are determined to operate sustainably amid calls for a ban to the practice.

ABC News

PTT sells Indonesian mines

National oil and gas conglomerate PTT Plc has decided to sell its Indonesian coal mining business for US$471 million as the firm continues to move towards clean energy.

Bangkok Post

Exports decline marginally to $35.24 billion in July; trade deficit triples

NEW DELHI: Exports dipped, though marginally, for the first time in 17 months in July, while trade deficit tripled to a record $31 billion fuelled by over 70 per cent rise in crude oil imports.

The Times of India

Will Sunak or Truss make booming oil and gas firms pay to help consumers?

Energy companies have done themselves few favours by helping investors as they benefit from soaring prices

The Guardian - UK

Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

NEW DELHI: The government on Tuesday evening cut the windfall tax on diesel and ATF in line with softening international petroleum product prices but raised the duty on domestically produced crude oil.

The Times of India

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The Independent UK

Spain sets limits on air conditioning and heating in new energy-saving measures

Country is the latest in EU to take steps to reduce dependence on Russian oil and gas

The Times of India

Rupee jumps 53 paise to breach 78 level, closes at 1-month high on FII inflows

MUMBAI: The rupee rallied 53 paise -- its best single-day gain in over 11 months -- to close at an over one-month high of 78.53 against the US dollar on Tuesday.

Asharq Al-Awsat

Crisis in Iraq Tests its Stability and Iran’s Sway

A power struggle in Iraq between the Shiite cleric Moqtada al-Sadr and rivals aligned with Iran is testing Tehran's ability to stave off a conflict that could damage its interests and further destabilize the oil-rich country. With Sadr supporters camped out in parliament and his opponents protesting in the streets,…

Reuters

Analysis-Crisis in Iraq tests its stability and Iran's sway

A power struggle in Iraq between the Shi'ite cleric Moqtada al-Sadr and rivals aligned with Iran is testing Tehran's ability to stave off a conflict that could damage its interests and further destabilise the oil-rich country.

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The Guardian - UK

Big oil’s quarterly profits hit £50bn as UK braces for even higher energy bills

Labour condemns ‘eye-watering’ gains and renews call for windfall tax to ease pressure on household finances

Benzinga

Nasdaq Turns Positive; Crude Oil Moves Higher

U.S. stocks pared losses midway through trading, with the S&P 500 and Nasdaq Composite turning higher on Tuesday.

Benzinga

Brittney Griner's Seventh Moscow Court Appearance: Russian Narcotics Experts Called Into Question By Defense Team, Here's Why

Once again, Russian prosecutors called a state narcotics expert who analyzed the cannabis oil found in Griner’s luggage when she was detained on February 17 at a Moscow airport where she was returning to

Salon

Joe Manchin's secret climate "side deal"

Manchin cut a deal to boost oil and gas drilling in exchange for his support for climate change funding

The Guardian - UK

Oil firms seem more interested in shareholders than net zero

Analysis: Is the energy industry willing to invest in renewables rather than dividends and buybacks?

Daily Mirror

Tesco shopper shocked at 'daylight robbery' price rise as bottle of olive oil hits £7

One shopper has sparked online debate over bulk buying after they called upon people to make the most of a bargain when they see one before prices soar even further

Daily Mirror

'Brazilian Hulk' who injected oil into biceps to make muscles larger dies aged just 55

Valdir Segato ignored health warnings and the risk of strokes and killer infections to create his superhuman aesthetic - which he said was based on his idols Arnold Schwarzenegger and fictional characters like Marvel's The Hulk

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