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The Latest Breaking News from Oil

EU sanctions will keep oil prices high for 1-2 years

The EU's latest decision to ban most oil imports from Russia because of its invasion of Ukraine is expected to keep energy prices elevated for 1-2 years, says Kobsak Pootrakul, senior executive vice-president of Bangkok Bank.

Bangkok Post

To prevent disasters like Lac-Mégantic, private interests cannot be allowed to affect regulations

On July 6, 2013, the fourth deadliest railway disaster in Canadian history took place. A train hauling 72 tankers filled with crude oil derailed in Lac-Mégantic, Que., killing 47 people.

The Conversation

Oil prices rise as Opec prepares to set new output targets

Thursday’s meeting of oil-producing nations will be first since EU imposed sanctions on Russian crude

The Guardian - UK

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The India I love is multicultural, spiritual, says outgoing German envoy

Walter Lindner says Germany will never criticise India for import of Russian oil

The Hindu

$1000 Invested In Imperial Oil 20 Years Ago Would Be Worth This Much

Imperial Oil (AMEX:IMO) has outperformed the market over the past 20 years by 2.02% on an annualized basis producing an average annual return of 9.1%. Currently, Imperial Oil has a market capitalization of $36.61 billion.

Benzinga

Nicola Sturgeon claims oil and gas windfall tax not fair due to impact on Scottish industry

Labour MSP Colin Smyth criticised the First Minister's comments, claiming it was an example of "grievance"

Daily Record

In oil-rich Niger Delta, coastal erosion frustrates locals endlessly

The oil-rich region’s residents say they are losing houses and farmlands to coastal erosion, with no government support.

Al Jazeera

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EXPLAINER: Effects of EU Russia oil ban, Moscow's response

The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc’s campaign of sanctions to punish Russia for its invasion of Ukraine

The Independent UK

Agrify Launches CannaBeast 13 Short Path, Thin Film Distillation System For Cannabis Oil Extraction

Agrify Corporation (NASDAQ: AGFY) launched a new short path, thin film distillation system: the CannaBeast 13.

Benzinga

How the world is paying for Putin's war in Ukraine

In early March, as the U.S. and its allies unleashed a wave of sanctions on Russia, President Joe Biden stood in the White House and said they wanted to deal a “powerful blow to Putin’s war machine.”

Tribune News Service

11 best mosquito repellents, traps & zappers to stop bites

Just say no to parasitic flying insects.

Input

Does trimming hair actually helps it grow faster?

We all want long, healthy locks that we can flaunt, twist and turn and make them into trending hairstyles and the best advice we get from everyone is to get regular trimming done. People have always believed that if they cut their locks every few days their hair will grow…

The Times of India

5 Resilient Stocks to Own During a Market Downturn

The stock market closed the last trading session of May in the red, underscoring inflation fears and rising oil prices. Furthermore, strategists expect the broad market to decline further, given the inflationary pressures and the Fed’s monetary tightening. Hence, we think stocks that have outpaced the broader market so far…

StockNews.com

Regulator unwinds Babcock/CHC helicopter deal over competition concerns

The Canadian company must now sell the business it bought for £10m

Insider UK

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Benzinga

Insiders Buy Around $2.5M Of 3 Penny Stocks

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

Daily Mirror

Russia warns that US is 'pouring oil on fire' by giving Ukraine long-range rockets

US President Joe Biden already supplies Ukraine with high mobility artillery rocket systems that can accurately hit targets up to 50 miles - Kremlin officials don't believe they won't be used to hit Russia

Asharq Al-Awsat

Kremlin Says It Can Re-route Oil Exports to Minimize Losses from EU Embargo

The Kremlin warned on Wednesday that the European Union's sanctions on Russian oil would hit the global energy market, but said Moscow could re-route exports to limit its own losses. EU leaders this week agreed an embargo on Russian crude oil imports that aims to halt 90% of Russia's oil…

Radio France Internationale

Hungary's Orban escapes EU sanctions on Russian oil

Hungary's divisive leader has once again got his own way with the European Union - this time in tough negotiations on Russian oil at the recent summit in Brussels.

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Asharq Al-Awsat

Libya: Broken Pipeline Causes Crude Spill

A pipeline rupture in Libya is spewing thousands of barrels of oil into the desert, as workers scramble to seal off the leak, authorities said Wednesday. The damage to a land pipeline linking the Sarir oil field to the Tobruk terminal on the Mediterranean was the latest blow to Libya’s…

The Independent UK

Ukraine war blamed for fuel hikes in South Africa, continent

South Africans are feeling the bite of fuel price increases that are blamed on Russia’s war in Ukraine and the rise in the Brent crude oil price

The Hindu

Watch | How palm oil shortage has impacted the Manapparai murukku trade

A video on the making of the Manapparai murukku and the challenges faced by its makers, due to the shortage of Indonesian palm oil

Axios

Once-unthinkable: Subsidies for American oil drillers

Could the Federal government be forced to give energy giants subsidies to boost production?

Benzinga

A Peek Into The Markets: US Stock Futures Mostly Higher; Crude Oil Rises Over 1%

Pre-open movers

Evening Standard

Best retinol skincare products for an overnight, anti-ageing reboot

These vitamin A powerhouses will smooth, brighten and firm without irritation

Evening Standard

Let’s Make-Up: the new beauty launches to have on your radar in June 2022

Our series where we fill you in on the buzziest beauty launches to know this month

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