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The Latest Breaking News from Oil

Germany launches €9 all-access public transport ticket

The new German government is making most public transport across the country available until the end of August for a monthly fee of only €9. The move aims to offset inflation and reduce carbon emissions. Our Berlin correspondents Anne Mailliet and Nick Spicer report. Also in this edition, we see…

France 24

World Shares Mixed after Stocks Retreat on Wall Street

World shares were mixed Wednesday after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates. Germany's DAX gained 0.5% to 14,465.06 and the CAC 40 in Paris advanced 0.5% to 6,497.69.

Asharq Al-Awsat

Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and causing queues at filling stations.

Reuters

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Italy Imports More Russian Oil despite Impending Embargo

Even as the European Union decided to reduce Russian crude oil imports by 90% by the end of the year, Italy has become the only country in Europe to increase them, an unintended consequence of EU sanctions against Russia. Meant to punish Russia for invading Ukraine, the EU oil embargo…

Asharq Al-Awsat

Alan Partridge: Stratagem at the O2 Arena review - patchy, but this snake oil salesman is a reliable joy

Steve Coogan inhabits his desperate, naff creation so seamlessly you completely lose sight of him

Evening Standard

Italy imports more Russian oil despite impending embargo

Italy has become the only country in Europe to increase Russian crude oil imports in an unintended consequence of European Union sanctions against Russia

The Independent UK

Dr Martens defies inflation to polish off record sales in boost to high street

DR Martens today defied global economic turmoil to produce record results that offer at least a glimmer of hope for a battered UK high street.

Evening Standard

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HRW: Russia’s Wagner Group Set Landmines in Libya

The Wagner Group, a private Russian military security contractor, has used banned landmines and booby traps near Tripoli, Human Rights Watch (HRW) said on Tuesday. “New information from Libyan agencies and demining groups links the Wagner Group to the use of banned landmines and booby traps in Libya in 2019-2020,”…

Asharq Al-Awsat

FTSE 100 Live: Brent crude price falls, house market remains robust

Oil prices have retreated on speculation that Opec is paving the way for a potential boost to production.

Evening Standard

Tullow Oil and Capricorn Energy agree merger

The deal will see the combined company's headquarters move to London and Capricorn's chief executive step down

Insider UK

China's Russia dealings irk US, but don't breach sanctions

China’s support for Russia through oil and gas purchases is irking Washington and raising the risk of U.S. retaliation

The Independent UK

Asian shares mixed after stocks retreat on Wall Street

Shares are mixed in Asia after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates

The Independent UK

Oil Prices Nudge Higher on EU's Russian Oil Ban, End of Shanghai Lockdown

Oil prices gained slightly on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude for August delivery was up 28 cents, or 0.2%, at $115.88 a barrel at 0338 GMT.

Asharq Al-Awsat

Energy costs to soar again after EU ban on Russian oil

Taoiseach Micheal Martin said we were now entering a 'new era'

Dublin Live

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Los Angeles Times

Russian forces close in on takeover of eastern Ukrainian province

DNIPRO, Ukraine — Ukrainian forces desperately tried to block a complete Russian takeover of one of the country’s two eastern provinces Tuesday, with Russian troops clawing out incremental gains even as European leaders agreed to a partial oil embargo aimed at starving Moscow’s mammoth war machine.

Los Angeles Times

Russian forces close in on takeover of eastern Ukrainian province

ABC News

Perth petrol prices: Modelling shows what WA households will save from the fuel excise tax cut

Your suburb-by-suburb guide to how much the average Perth household will save from the halving of the fuel excise tax – and it's not as much as what was touted by the Morrison government.

WEKU

Russia-Ukraine war: What happened today (May 31)

A roundup of key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

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Salon

How to make jarred tomato sauce better

For when you need to face-plant into a bowl of pasta without delay

Al Jazeera

Russia-Ukraine latest updates: Biden announces military aid

Ukraine news from June 1: Joe Biden reveals weapons package for Ukraine that will include longer-range rocket systems.

Benzinga

7 Analysts Have This to Say About Murphy Oil

Over the past 3 months, 7 analysts have published their opinion on Murphy Oil (NYSE:MUR) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Los Angeles Times

Russian forces close in on takeover of eastern Ukrainian province

France 24

Do sanctions work? EU bets on oil embargo while Moscow blocks grain exports

It took one month of haggling for the European Union to agree on a Russian oil embargo that offers an exemption for holdout Hungary. How big or how small a caveat? After all, the EU is reducing dependency on Russian oil by 90 percent. In the long run, it's a…

Benzinga

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.

The Guardian - UK

The Guardian view on the EU’s oil embargo: ramping up the cost of Putin’s war

Editorial: Amid talk of division in the west, this week’s summit offered a show of unity

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