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The Latest Breaking News from Oil

Keir Starmer tells Boris Johnson to make ‘inevitable U-turn’ and back energy windfall tax

The Labour leader said a one-off tax would ‘raise billions of pounds, cutting energy bills across the country’

Evening Standard

Cabinet amends biofuels policy, advances ethanol blending target to 2025-26

New Delhi The Union Cabinet on may 18 approved advancing the target of blending 20% ethanol in petro

The Hindu

Ooey-gooey, cheesy stuffed pasta shells can’t be beat

It takes a little time to assemble, so consider the process a meditative exercise with comforting results.

Chicago Sun-Times

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Sri Lanka can’t find cash to pay even one ship for petrol

NEW DELHI: Sri Lanka asked citizens not to queue for gasoline as the nation on the verge of default has no dollars to pay for a fuel shipment.

The Times of India

Top energy saving tips as Government launches 'reduce your use' campaign and household supports

Ireland imports over 70% of the energy we use. This compares to a European Union total of almost 60%.

Irish Mirror

Zoom Video And 2 Other Stocks Insiders Are Selling

US crude oil futures traded higher, gaining around 1.5% on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

PMQs: Sir Keir Starmer jokes Jacob Rees-Mogg is an 'overgrown prefect'

The North East Somerset MP was the butt of Starmer's jokes as he argues for a windfall tax on oil and gas giants

Bristol Post

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Keir Starmer: PM choosing to let people struggle by delaying energy windfall tax

Labour leader says Boris Johnson U-turn on tax ‘inevitable’ and he must act now, as cost of living dominates PMQs

The Guardian - UK

Starmer tells Johnson to make ‘inevitable U-turn’ and back energy windfall tax

The Labour leader said a one-off tax would ‘raise billions of pounds, cutting energy bills across the country’.

The Independent UK

How climate change is triggering a global collapse in insect numbers

A growing number of reports are suggesting insect numbers are in steep decline. Tim Newbold and Charlie Outhwaite explain why this is of urgent concern

The Independent UK

'Desperate' people shoplifting sanitary products, says MP

Commons told that people are also stealing soap powder as cost of living crisis continues

Wales Online

'Sack the chancellor' SNP MP Ian Blackford urges Boris Johnson to take charge of cost of living crisis

The Prime Minister came under fire from Labour and the SNP for not taking enough action on the rising cost of living crisis.

Daily Record

JPMorgan No More A Depositary For Russia-Based Rosneft's GDRs

JPMorgan & Chase (NYSE:JPM) has resigned as a depositary of global depositary receipts (GDR) of Russia's largest oil producer Rosneft (OTC:RNFTF), Reuters reported. Last month, JPMorgan & Chase started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said, giving some investors a way to…

Benzinga

Boris Johnson hammered on cost of living after ordering Tories to oppose oil and gas tax

The Prime Minister ordered his MPs to oppose a windfall tax on oil and gas firms.

Liverpool Echo

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The Independent UK

EU rushes out $300 billion roadmap to ditch Russian energy

The European Union’s executive arm is moving to jump-start plans for the EU to abandon Russian energy amid the Kremlin’s war in Ukraine

Bangkok Post

Diesel cap at B32 short-lived

The board of the state Oil Fuel Fund on Wednesday resolved to cap the retail diesel price at 32 baht per litre only until Sunday, and will review the price again on Monday, energy permanent secretary Kulit Sombatsiri said.

The National (Scotland)

Boris Johnson hides behind trans jibe when pressed over energy windfall tax

BORIS Johnson immediately jumped to culture war talking points to dodge questions on whether he backs a windfall tax on oil and gas giants.

The Independent UK

Inflation hits 9%: How does it impact your finances?

Around nine in 10 (87 per cent) of adults in Britain have reported their cost of living increased in March alone

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Daily Mirror

3 changes Rishi Sunak could make to your finances - as MPs vote on emergency budget today

From a windfall tax on energy giants and a 1p income tax cut to a quadrupling of the £150 Warm Home Discount Scheme, various ideas are seeping out of the woodwork - but Labour are demanding the Tories go further with help now

Daily Mirror

School lunch portions may SHRINK with cheaper ingredients used to counter food costs

Andrew Selley, chief executive of Bidfood, said schools might have to use cheaper ingredients in a bid to counter rapidly rising food prices - or raise cost of dinners

Daily Mirror

Rishi Sunak's fall from grace and replacement odds as inflation soars to 9%

Odds on a replacement for the current Chancellor Rishi Sunak have shortened in recent days. Labour has criticised Sunak for failing to get a grip of the cost of living crisis

Bristol Post

People 'across Bristol skipping meals' says MP as Tories vote down gas giants windfall tax

Not one Conservative MP voted in favour of the tax which could save families £600

The Independent UK

Eastbourne council becomes first council to declare ‘cost of living emergency’

Exclusive: Lib Dem-run authority will pass motion to give Tory government ‘wake-up call’ and help local charities

Reuters

More pain in Sri Lanka before any resolution to crisis

Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.

The Guardian - UK

Labour to force vote on emergency budget as UK inflation soars to 9%

Shadow chancellor renews call for windfall tax on oil and gas firms to offset cost of living crisis

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