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The Latest Breaking News from Oil

Calls on Rishi Sunak to increase benefits now as all sides demand action on cost of living

The chancellor's business speech did nothing to allay demands for benefits to be increased and for a windfall tax to be imposed on the oil and gas producers.

Daily Record

Union calls for change following strikes in North Sea

Oil rig workers have downed tools as wages no longer match rises in inflation

Insider UK

German ex-chancellor Schroeder under EU pressure to quit Rosneft

The European Parliament is set to urge the blacklisting of former German Chancellor Gerhard Schroeder if he does not quit as a board member of Russian state-owned oil company Rosneft.

Reuters

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Quick Fix: Mushrooms add an earthy flavor to these perfect-for-Memorial Day burgers

Looking for a really, juicy burger for the upcoming Memorial Day weekend or for anytime you want a burger. Try this one. Mushrooms add an earthy flavor to lean ground beef. They also make the burgers juicy.

Tribune News Service

Suspect named over confrontational burglaries in three Merseyside areas

Some of the burglaries took place in Gateacre, Dovecot and Rainhill

Liverpool Echo

Maduro glimpses political lifeline as US rethinks Venezuela policy

Putin’s war on Ukraine and political deadlock in Caracas have combined to herald a new dawn in US-Venezuela ties

The Guardian - US

Epicentre of war: Artillery battles engulf Ukraine's Severodonetsk

She ran clutching her soup ladle from the wood-fired stove set up by trapped residents metres from their doorstep and dived into the basement to escape the mortar blast.

Bangkok Post

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7 plans Rishi Sunak may have for your wallet after fury at cost of living 'dithering'

A business chief blasted 'what are we waiting for?' after Chancellor Rishi Sunak said 'the next few months will be tough' at a CBI dinner - and sources briefed out a flurry of unconfirmed tax changes

Daily Mirror

Australia’s oil and gas regulator criticised after chief hands out environmental ‘excellence’ awards at industry dinner

Regulator says outgoing boss Stuart Smith had no role in selecting winners and was invited to acknowledge his work over eight years

The Guardian - AU

India State-Owned Energy Firm Considers Raising Stakes In Russian Oil Fields Amid Ukraine Invasion

While countries worldwide have imposed sanctions and withdrawn trade deals with Russia after it invaded Ukraine, India seems to be taking advantage of the situation to ramp up its energy assets.

Benzinga

Abu Dhabi's Borouge to Sell 10% of Shares in IPO, List on ADX

Abu Dhabi National Oil Company (ADNOC) and its Austrian chemicals partner Borealis plan an initial public offering of their petrochemicals joint venture Borouge, the latest step in the Abu Dhabi state energy group’s asset monetization program. Borouge, which is a specialty plastics firm that produces polyolefin, said on Wednesday it…

Asharq Al-Awsat

Asian shares track Wall Street's inflation-fueled retreat

Shares are sharply lower in Asia after a broad retreat on Wall Street

The Independent UK

In East Timor, president-elect confronts thorny addiction to oil

Nobel laureate Jose Ramos-Horta will be inaugurated on Friday as his country eyes new oil and gas development.

Al Jazeera

UK has approved several fossil fuel projects since Cop26, analysis finds

About 50 schemes are thought to be in pipeline between now and 2025 despite climate pledges

The Guardian - UK

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Asharq Al-Awsat

Oil Prices Recoup Early Losses on China Hopes, Global Supply Fears

Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth. Brent crude futures for July were up $1.53, or 1.4%, at $110.64 a barrel at…

The Guardian - AU

This election, are the teals ready to take on the fossil fuel lobby that’s captured the major parties?

Historians of tomorrow will puzzle over why an election preceded by fire and floods hasn’t centred on the future to which both parties are committing us

ABC News

Adam Bandt says the fossil fuel industry receives $10b in federal subsidies a year. Is that correct?

Greens Leader Adam Bandt says the fossil fuel industry receives $10 billion in federal subsidies per year. RMIT ABC Fact Check runs the numbers.

ABC News

TasPorts starts court action against cement ship Goliath's owner over Devonport sunken tugboats

TasPorts hopes it can reach an out-of-court settlement with the owner of a cement carrier that crashed in Devonport, causing millions of dollars' worth of damage.

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Wales Online

Cooking oil shortages fuel rise in thefts

With supermarkets imposing limits on shoppers, thieves are stealing sunflower, rapeseed and olive oils for sale on the black market or to create unregulated biodiesel

Bangkok Post

High oil prices hinder airlines' recovery

Volatile oil prices continue to cast a shadow over any recovery in the aviation sector, even as tourism shows signs of improvement as a result of border entry relaxations during the first quarter this year.

The Times of India

Odisha: Amid price rise, schools seek central aid for midday meals

BHUBANESWAR: The rising prices of essential items has made it difficult for schools in the state to serve midday meals to around 45 lakh students up to Class VIII in government and government-aided schools.

Bangkok Post

Diesel cap per litre to stay at B32

The government will continue to cap the diesel price at 32 baht a litre thanks to the increased diesel excise tax cut of five baht a litre, says the board of the Oil Fuel Fund.

Bangkok Post

Spectre of 2023 global recession looms

In economics, there is no such thing as a surprise. Major economic events like rising inflation, interest rate hikes, currency depreciation, even economic recession can be detected as far as a year ahead.

Bangkok Post

TISI dips to 86.2 in April on oil price hike

The Thailand Industry Sentiment Index (TISI) in April fell to 86.2 points from 89.2 in March due mainly to the global oil price surge, driven by the prolonged Russia-Ukraine war, and higher inflation.

StockNews.com

4 Safe Dividend Stocks To Invest In During the Market Correction

Concerns over high inflation, the Fed’s hawkish stance, and an economic slowdown have led to a massive stock market correction over the past few weeks. As these factors are expected to keep the market volatile in the upcoming months, it could be wise to bet on safe dividend-paying stocks Waste…

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