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The Latest Breaking News from Brent

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Barchart

OPEC+ -- No Surprise as the Cartel Trims Production

Barchart

Russia-Ukraine war: ‘no indication’ of direct military threat to Moldova or Romania, says US – as it happened

Comments from US come after missiles reported in Moldovan and Romanian airspace

The Guardian - AU

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The looming ban on Russian crude

Crude oil prices are engaged in a tussle between fears of a recession-led demand decline and ongoing supply tightness, with risks to demand currently edging ahead.

Bangkok Post

Felixstowe port disruption ‘could continue until Christmas’ says union – as it happened

Disruption at the UK’s largest container port could escalate until Christmas unless workers are given an improved pay offer, Unite boss says

The Guardian - UK

Killer heels and dancehall queens: Brent biennial brings queer cheer to a brutal city

Given the title In the House of My Love, the London borough’s second biennial is a celebration of home, boasting a Jamaican takeaway, a reggae choir and a group of young queer friends bonding in precarious times

The Guardian - UK

Crude Oil Updates The Highs

By RoboForex Analytical Department This week is starting with new highs in Brent – the asset has reached the highs of 9 March 2022 and updated $120.

Benzinga

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London elections 2022: Labour holds Brent

Londoners went to the polls in local elections on May 5. Joe Talora has the lowdown on the vote in Brent

Evening Standard

FTSE 100 Live: Oil falls below $100, China sell-off spooks markets, unemployment falls but pay squeezed

Figures showing the UK unemployment rate at its lowest level since before the pandemic were today offset by more signs of the squeeze on living standards.

Evening Standard

Brent crude up $10, shares sink as Ukraine conflict deepens

The price of oil has jumped more than $10 a barrel and shares are sharply lower as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia

The Independent UK

FTSE 100 Live: Oil price at near-decade high, ITV posts results

Commodity prices have continued to surge as the conflict in Ukraine intensifies. Brent crude this monring reached its highest level in almost a decade at $118 a barrel, while there have been further gains in the prices of aluminium and wheat.

Evening Standard

Fund managers ditch Russian assets, global stocks slide, bitcoin rises after latest sanctions – as it happened

European stocks slide further while Moscow stock exchange remains closed for second day; rouble steadies and Brent crude rises above $100 a barrel

The Guardian - UK

Petrol prices in Bristol hit £1.50 a litre as fuel prices continue to soar

The price of Brent crude oil hit its highest level in eight years on Thursday

Bristol Post

Russia’s civil aviation authority bans UK flights; oil and gas prices retreat – as it happened

Brent crude back below $100 a barrel as global shares rebound and Russian stocks, bonds and rouble recover, even as Russian troops advance on the Ukrainian capital

The Guardian - UK

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