Crude oil price today

Saudi Arabia has rejected a plea by US president Joe Biden for a major increase in oil production to help ease the cost of living crisis . Prices of the fuel edged higher after the Opec+ alliance, led by Saudi Arabia and Russia, announced it had agreed to increase supply by just 100,000 barrels per day from September. Analysts said the move, equivalent to about 86 seconds of daily global oil demand, would do little to ease pressures on the market amid Russia’s war on Ukraine. Raad Alkadiri, managing director for energy, climate, and sustainability at Eurasia Group, told Reuters:  “That is so little as to be meaningless. From a physical standpoint it is a marginal blip. As a political gesture it is almost insulting.” Paul Horsnell, head of commodities research at Standard Chartered, told Bloomberg: “A bit mystified as to the point of doing 100,000 barrels a day rather than zero, for practical and measurement purposes it is zero." Brent Crude has climbed 1.2pc today to … [Read more...] about Saudi Arabia spurns Biden’s plea to produce more oil

FOR MORE THAN 350 years, men have been going to Georges Bank, 150 miles out on the continental shelf east of Cape Cod, to fish for cod, haddock, yellowtail flounder, scallops, lobsters. They have decimated stocks more than once, but the fisheries are still there. Back in the early seventies, when catches were unsustainably high, the harvest was, acre-foracre, the largest in the world. Now other men are heading out to Georges to hunt—through holes inches wide and miles deep-for oil and gas. There won't be many men at first, perhaps a few hundred aboard a handful of exploratory rigs. But that is enough to signal the fact that along the great submerged thumb stretching from Nantucket Shoals toward Nova Scotia, competition for resources has begun in earnest. The conflict involves two resources in one place, both of importance to the modern world. Oil from Georges would reduce our dependence on foreign supplies, if only slightly. Fish—a resource capable of providing half our minimum … [Read more...] about Oil, Fish, and Georges Bank

Charlie Stayt and Dominic Raab clash over petrol prices This article contains affiliate links, we may receive a commission on any sales we generate from it. Learn more SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Experian Capitalist confirmed that average petrol prices have fallen to 174.79p per litre. Diesel has not fallen as quickly, with drivers seeing average prices for a litre at 185.4p. Related articles Drivers warned of one button as it boosts 'fuel consumption by 20%' Simple car trick can help drivers slash fuel consumption with 20p coin The 16.5p fall since petrol reached an all-time high of 191.53p a litre on July 3 is only halfway towards where pump prices should be heading this month. … [Read more...] about Relief for UK drivers as petrol prices drop below 175p a litre with further cuts expected

FOR MORE THAN 350 years, men have been going to Georges Bank, 150 miles out on the continental shelf east of Cape Cod, to fish for cod, haddock, yellowtail flounder, scallops, lobsters. They have decimated stocks more than once, but the fisheries are still there. Back in the early seventies, when catches were unsustainably high, the harvest was, acre-for-acre, the largest in the world. Now other men are heading out to Georges to hunt—through holes inches wide and miles deep—for oil and gas. There won’t be many men at first, perhaps a few hundred aboard a handful of exploratory rigs. But that is enough to signal the fact that along the great submerged thumb stretching from Nantucket Shoals toward Nova Scotia, competition for resources has begun in earnest. The conflict involves two resources in one place, both of importance to the modern world. Oil from Georges would reduce our dependence on foreign supplies, if only slightly. Fish—a resource capable of providing half our minimum … [Read more...] about Resources: Oil, Fish, and Georges Bank

A pipeline leak of about two barrels of oil forced Shell to temporarily halt crude oil production at three of its drilling platforms in the Gulf of Mexico, the company said Friday. The leak happened Thursday after a flange broke along the Shell pipelines at a pipeline booster station in Fourchon near Louisiana’s Gulf Coast, a company spokesperson said. The booster station maintains pressure and flow in the pipelines. The flange leak, which was contained as of Friday morning, affected the company’s Mars and Amberjack pipelines, which connect crude oil from Shell’s offshore platforms to refiners in Texas and Louisiana. Amberjack has since been turned back online, but Mars remained shuttered as of Friday morning. Shell expects the Mars pipeline to come back on later Friday. Three Shell platforms were shut down because of the leak: Mars, Ursa and Olympus. The platforms are located about 130 miles from New Orleans. Shell crews are working on a permanent fix to the pipelines that … [Read more...] about Shell shuts down oil production at three Gulf of Mexico platforms after pipeline leak

RANGERS FC fixed the retail prices of their home replica kit according to a provisional finding by the CMA. The Competition and Markets Authority's (CMA) say the Ibrox club allegedly colluded to fix the price of the main adult home replica shirt over a period in 2018. Kit manufacturer Elite Sports and JD Sports were also provisionally found to have fixed the retail prices of a number of Rangers-branded replica kits and clothing products from 2018 to 2019. They will all face hefty fines if they are determined to have broken the law. At this stage there has been no finding that the law has been broken. However, JD Sports have already set aside £2million in their financial statements ahead of any potential penalties. The CMA confirmed that JD Sports and Elite have already "confessed to cartel activity" and "applied for leniency" in a bid to have their fines reduced. The UK competition watchdog decided to proceed with an investigation into the three groups over the … [Read more...] about Rangers colluded in ‘illegal price-fixing’ of home shirts as JD Sports facing ‘£2million fine’

HOUSEHOLDS have been warned energy bills could top £5,000 next year, according to experts. The cost of an average family’s annual energy bill could reach nearly £5,300 from April if wholesale prices for gas and electricity do not fall soon. Experts at the energy consultancy firm Auxilione predicted that the price cap on energy bills could reach £3,628 in October, from £1,971 today. It could then rise again to £4,538 in January and peak at £5,277 in April. This is the worst forecast yet for the millions of households set to face crippling bills this winter. As it stands, the nightmare scenario would mean that an average household will spend £442 on energy in the month of April alone. READ MORE IN MONEY GOING UP Exact amount your energy direct debit will rise by this winter explained HELPING HAND Full list of energy suppliers handing out up to £1,500 bill help The energy price cap works by setting a … [Read more...] about Energy bills to hit £5,300 as price cap forecast rockets AGAIN

What is the £5000 boiler heat pump payment? SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info New horror predictions from experts have revealed that the energy price cap (annual maximum tariff) could soar to £4,200 by January. With the skyrocketing bills largely due to surging costs of wholesale gas across the globe, the Government has been scrambling to wean the country off this energy source with alternative measures. Related articles Russian migrants in Dublin protest Ireland joining NATO £4bn in UK military aid helps Ukraine turn tide on Putin's horror war Heat pumps are a low-carbon alternative to gas boilers, which may also be able to shield consumers from soaring bills according to some experts. But … [Read more...] about Heat pump fury: Truss urged to scrap ‘unfair’ taxpayer-funded scheme as price cap surges

BRITAIN is set to be hotter than the CARIBBEAN today as temperatures surge to 35C. A drought was declared across parts of England this morning - with Brits expected to wait until Sunday for the next bout of rain. Temperatures are set to soar as high as 35C in the south this afternoon - making Britain hotter than the Bahamas, Jamaica and Barbados. Meanwhile, The National Drought Group (NDG) met today to discuss the continued dry weather . A four-day amber warning for extreme heat is currently in place across much of England and Wales until Sunday, with warnings of health impacts and disruption to travel. There is also a heat health alert in place from the UK Health Security Agency, with experts advising people to look out for those who are older or with existing health conditions, as well as young children. Read More Weather COOL CHANGE How to tell if your baby is too hot & what to wear in bed based on the weather … [Read more...] about Britain to be hotter than the CARIBBEAN today on 35C scorcher… but rain to hit in days

Welcome to the last news digest of this week. Read the news for August 12, 2022 in less than five minutes. Spectacular Slovakia newsletter. Exquisite Koch Garden in Bratislava’s Old Town opens its gates to the public after years of neglect The Koch Garden is open to the public after years of neglect. (Source: Courtesy of Bratislava city council) The unique Koch Garden in Bratislava’s Old Town district finally became the property of the city in mid June. Prior to an extensive revitalisation planned for 2023 and 2024, the city is opening its gates to the general public on Thursday . The Koch Garden used to be one of highlights of the popular annual Weekend of Parks and Gardens event organised by the National Trust, for which people queued for hours to take a peek into this green gem of Bratislava, Katarína Vitteková of the National Trust said. Skryť Remove ad Article continues after video advertisement Skryť Remove … [Read more...] about News digest: The Interior Ministry reports some unusual requests