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The Latest Breaking News from Oil

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…

France 24

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

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

The Guardian - UK

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Spillover effect of fuel dealers protest likely on Wednesday

Mechanism to ensure against losses sought

The Hindu

EU Agrees Gradual Russian Oil Embargo, Gives Hungary Exemptions

European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by the end of the year, but Hungary and two other landlocked Central European states secured exemptions for the pipeline imports they rely on. The ban, agreed overnight after weeks of wrangling, aims…

Asharq Al-Awsat

Expert Ratings for Marathon Oil

Within the last quarter, Marathon Oil (NYSE:MRO) has observed the following analyst ratings:

Benzinga

Stagflationary risk low for India compared to others, says CEA

NEW DELHI: Chief economic adviser (CEA) V Anantha Nageswaran on Tuesday ruled out the risk of stagflation for India, saying the economy is better placed than other nations.

The Times of India

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Nextleaf Q2 2022 Revenue Grows 774% YoY, Reports Management Changes

Nextleaf Solutions Ltd. (OTCQB: OILFF) (CSE:OILS) (FSE:L0MA) released its Q2 financial and operational results for the quarter ended March 31, 2022, revealing revenue of $1.14 million compared to $131,000 in Q2 2021.

Benzinga

Nordic American Tankers Clocks ~18% Revenue Decline In Q1

Nordic American Tankers Limited (NYSE:NAT) reported a first-quarter revenue decline of 17.5% year-over-year to $15.52 million. Net loss per share for the quarter was $(0.14), compared to $(0.16) a year ago. Net operating loss widened to $(20.92) million from $(18.38) million in 1Q21. Net cash used in operating activities for Q1 totaled…

Benzinga

Tech & Science Daily: Russia oil ban in latest Ukraine war sanctions

The European Union has agreed to block 90 per cent of Russian oil imports by 2023 - but only what’s tankered by sea and not the product coming via pipelines.

Evening Standard

Calls for ‘ethical oil’ are pushing Canada to become a petro-state

Russia’s ongoing invasion of Ukraine has brought fossil fuels and geopolitics to the forefront of public discussion. In an effort to evade economic sanctions, Russia has weaponized its energy exports.

The Conversation

Russia cuts gas supplies to Netherlands and firms in Denmark and Germany

Gazprom turns off the taps after EU move to embargo most Russian oil imports and companies miss deadline to pay in roubles

The Guardian - UK

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

Best images of Raiders TE Darren Waller

USA Today Sports Media Group

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The Guardian - UK

The secret to no-cook cooking

Ever wondered what to make for dinner when it’s too hot to stand in front of the hob?

The Conversation

50 years of UN environmental diplomacy: What's worked and the trends ahead

In 1972, acid rain was destroying trees. Birds were dying from DDT poisoning, and countries were contending with oil spills, contamination from nuclear weapons testing and the environmental harm of the Vietnam War. Air pollution was crossing borders and harming neighboring countries.

The Independent UK

‘They hate us all,’ claims former Russian leader in latest sanctions row

Dmitry Medvedev says sanctions don’t harm the Russian political elite or big business

The Independent UK

Hungary's Orban wins exemption in EU Russian oil embargo

Hungary’s divisive leader has once again got his own way with the European Union

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The National (Scotland)

Chancellor's oil firm tax break could have insulated 2 million homes, think tank says

RISHI Sunak’s fossil fuel subsidy could have permanently cut the energy bills of £2 million homes by £342 a year if the Government had invested…

The Guardian - UK

EU leaders say gas unlikely to be part of new round of Russia sanctions

Estonian PM says gas sanctions would be more difficult because it would affect whole of Europe

Daily Record

Petrol prices soar to record high of 173p a litre as EU bans Russian oil

The price increases will now see families paying around £95.16 to fill an average five litre car with unleaded petrol.

Evening Standard

Petrol price jumps nearly 3p per litre in a week to reach record 170.4p

Motorists were on Tuesday warned that fuel prices will rise inexorably towards £2 a litre as the oil price surged on a EU deal to block Russian oil imports.

The Independent UK

Oil tax relief spend ‘could have cut 1.8m tonnes of Co2 emissions’ by insulating 2m homes

The money could have been used to insulate two million British homes by 2025, according to the think tank

The Independent UK

Ireland facing ‘new era’ of higher energy costs, Martin warns

European Union leaders have agreed to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow.

The Independent UK

EU bows to Hungarian concerns and agrees compromise deal on Russian oil ban

Viktor Orban says a full embargo would have been an ‘atomic bomb’ for Hungary

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