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The Latest Breaking News from Oil

Rishi Sunak faces Tory clamour to act now on cost of living crisis

Conservative MPs to urge chancellor to tackle inflation with VAT cuts, energy bill support and improved benefits

The Guardian - UK

Slovak finance minister sets up battle with proposed tax on Russian oil processing

Slovak Finance Minister Igor Matovic said on Tuesday he would propose a special tax on Russian crude processed in the country, clashing with a government coalition partner as he seeks to raise budget revenue for the state's anti-inflation measures.

Reuters

5 Unstoppable Basic Materials Stocks With More Room to Run

Growing demand for basic materials across industries has been helping companies in this space benefit amid the supply disruptions and rising prices. So, it is wise to bet on quality basic materials stocks LyondellBasell (LYB), Olin (OLN), Chemours Company (CC), Westlake (WLK), and Alpha Metallurgical (AMR), which have gained significantly…

StockNews.com

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Bucking the trend: Is there a future for ultra long-haul flights in a net zero carbon world?

This year, Qantas announced two plans in direct conflict. In March, Australia’s largest airline group went public with the admirable goal of achieving net zero emissions by 2050 and a 25% reduction by 2030 by using new clean fuels, boosting efficiency and using carbon offsets. For the aviation industry, this…

The Conversation

Schools may be forced to reduce lunch portion sizes for lunches due to rising food prices

A food wholesaler has warned that smaller, cheaper meals may be inevitable for the country's schools

Liverpool Echo

Connecting fragmented wolverine habitat is essential for their conservation

Present day wolverines, which emerged during the ice age, have been declining globally despite their many adaptions to live in challenging, rugged environments.

The Conversation

Oil tax revenues in New Mexico, other states spotlight a dependence on fossil-fuel taxes

Their budgets might be rich for now with petroleum cash. But, if tackling climate change cuts into that, will they tax residents more — or reduce public services?

Chicago Sun-Times

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Tories vote down gas giants windfall tax that could hand your family £600

Chancellor Rishi Sunak hinted the government could perform a U-turn in future, however, as he said “no option is off the table”

Daily Mirror

Who Controls Gas Prices in the US?

Who controls gas prices in the U.S.? There's no puppeteer, just several factors that combine to pull and push on what you pay at the pump.

Kiplinger

Ukraine farming group calls for urgent end to ports blockade

Group warns of ‘cascade of export bans’ amid failure to ease grain bottlenecks fuelling shortages and inflation, MHP said

The Guardian - UK

US to ease a few economic sanctions against Venezuela

The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the U.S.-backed opposition and the government of President Nicolás Maduro

The Independent UK

Parents warned school meal sizes may get smaller due to cost of living crisis

Schools might be forced to shrink children's portion sizes or use cheaper ingredients

Manchester Evening News

U.S. to ease some economic sanctions on Venezuela

Senior administration officials said they are doing this at the request of the Venezuelan interim government.

Axios

Why First Helium Shares Are Surging Today

First Helium Inc. (TSXV:HELI) (OTC:FHELF) intends to drill two prospective helium targets commencing late Q2 at its 100% owned, 79,000 acre Worsley Property in Alberta, Canada. The wells will target potential natural gas accumulations, expected to contain commercial quantities of helium gas and natural gas. Based on associated historic data, helium content ranges…

Benzinga

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The Independent UK

The AP Interview: Scottish leader pushes independence, NATO

Scotland's leader says the Russian war in Ukraine only makes Scotland’s drive for independence from U.K. more important

Asharq Al-Awsat

Berlin... Ukrainian Suitcases, Syrian Sorrows, and a Russian Thread

A convoy of refugees and a line of bags. How difficult it is for you not to have anything left of your country but a suitcase. This sight breaks my heart. As if the bag was a coffin carrying the soul of the homeland, the smell of its soil and…

Benzinga

Why United Airlines Shares Are Trading Higher Today

United Airlines Holdings, Inc. (NASDAQ:UAL) updated its financial outlook for second-quarter 2022. The company stated that the demand environment has continued to improve following the previous guidance, resulting in a higher unit revenue outlook for Q2. Meanwhile, UAL noted that oil price has also increased, resulting in a higher expected fuel price for…

The Independent UK

Making risotto doesn’t have to be laborious – this recipe proves it

This is a simple and colourful version of the classic Italian dish, writes Melissa Clark

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news in one place.

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Bristol Post

Cost of living crisis: Metro Mayor Dan Norris says government is in 'utter chaos' ahead of windfall tax vote

The plans would hand the hardest-hit households in the West of England £600 - but Conservative MPs are being ordered to vote against a windfall tax on oil and gas companies

Daily Record

Diesel prices soar to record high of £1.80 per litre as UK moves away from Russian oil

The new costs have now soared past the previous record high of 179.90p that was recorded on March 23, 2022.

The Guardian - AU

Industry call for Australia to ‘unlock wealth’ of new oil and gas fields at odds with IEA warning

Increasing supply is ‘absolutely part of the solution’ to decarbonising the economy, Appea chair tells conference

Benzinga

As Elon Musk, Mark Zuckerberg See Wealth Evaporate In 2022, Russia's Richest Man Vladimir Potanin Adds $4B

Over $4 billion addition in the fortune of Russia's richest man Vladimir Potanin has put him among select few billionaires globally who have seen their net wealth swell this year.

Chicago Sun-Times

Menu Planner: Cucumber, kalamata and tomato salad completes your meal

Thinking ahead to your next few meals? Here are some main dishes and sides to try.

The Independent UK

Clashes break out in Tripoli, drive rival Libyan PM away

Clashes between competing militias in the Libyan capital of Tripoli have forced one of the country’s rival prime ministers to abort his attempt to seat his government there

Daily Record

Labour push Commons vote for windfall tax on oil companies to help with cost of living crisis

North Sea profits in the current year are more than the rise households across the UK face as a result of the £680 energy price cap increase.

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