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The Latest Breaking News from Oil

Fuel duty cut completely wiped out as diesel price hits new record high

It comes as Labour is calling for a windfall tax on the soaring profits of oil and gas giants as customers' bills rise - a move which has not been ruled out by Rishi Sunak and Boris Johnson

Daily Mirror

$A shrinking fraction of the world's major crops goes to feed the hungry, with more used for nonfood purposes$

A shrinking fraction of the world's major crops goes to feed the hungry, with more used for nonfood purposes

Rising competition for many of the world’s important crops is sending increasing amounts toward uses other than directly feeding people. These competing uses include making biofuels; converting crops into processing ingredients, such as livestock meal, hydrogenated oils and starches; and selling them on global markets to countries that can afford…

The Conversation

Sheikh Khalifa bin Zayed, the UAE's long-ailing leader, has died

The United Arab Emirates' long-ailing ruler, Sheikh Khalifa bin Zayed Al Nahyan, died Friday, the government's state-run news agency announced in a brief statement. He was 73.

WEKU

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Let leeks shine with roasted fish and olive salsa verde

Melissa Clark pairs spring’s best allium with zippy condiments and sauces

The Independent UK

First Thing: first war crimes trial in Ukraine begins

Vadim Shysimarin, a 21-year-old Russian commander of the Kantemirovskaya tank division, is charged with murdering a 62-year-old Ukrainian civilian

The Guardian - UK

Largest oil and gas producers made close to $100bn in first quarter of 2022

Shell made $9.1bn in profit, almost three times what it made in the same period last year, while Exxon raked in $8.8bn

The Guardian - US

A Peek Into The Markets: US Stock Futures Higher; Crude Oil Surges Over 1%

Pre-open movers

Benzinga

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The £7 viral Dior Lip Glow Oil dupe you’ll want to get your hands on this summer

It's out with the matte colour and in with the natural glossy lip look this summer - and this dupe has beauty fans going wild

Daily Mirror

Rishi's fuel price 'gift' wiped out as pump prices return to pre-cut levels

Diesel is now at a new record high while petrol is back to the price it was before the Chancellor cut fuel duty

Wales Online

Saudi Aramco, Thailand’s PTT Sign MoU to Deepen Energy Cooperation

Saudi Aramco and Thailand’s PTT have signed a memorandum of understanding (MoU) to deepen energy cooperation in Thailand. The MoU targets the supply and trading of crude oil, petrochemicals, and liquified natural gas (LNG). It focuses on clean energy, carbon capture, and electric vehicles, and outlined potential collaboration across both…

Asharq Al-Awsat

G7 invoke 'unity' against Russia; EU pledges Ukraine funds

The European Union's foreign affairs chief says the EU is giving Ukraine another $520 million to buy heavy weapons to fend off the Russian invasion

The Independent UK

EU to provide new 500 million euro military aid to Ukraine - Borrell

EU foreign policy chief Josep Borrell said on Friday the bloc would provide a further 500 millions euros worth of military support to Ukraine and that he was confident a deal could be reached in the coming days to agree an embargo on Russian oil.

Reuters

Irish shoppers urged to bin meat, veg and sauces being recalled from Dunnes Stores and other supermarkets

The Food Safety Authority of Ireland has issued a number of recalls for specific batches of products in the last few days

Irish Mirror

Vladimir Putin's plans in turmoil as captured Russian soldier says troops 'shooting themselves dead' to escape Ukraine war horror

A surrendered soldier has claimed that Putin's men are shooting themselves dead on the frontline to escape the war in Ukraine

Irish Mirror

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Asharq Al-Awsat

Iran Arrests at Least 22 Protesting Staple Food Price Hikes

Iranian authorities have arrested at least 22 demonstrators who had been protesting sudden price hikes of subsidized staple foods in two southern cities, state media reported early Friday. The arrests follow Iran's announcement this week that the cost of cooking oil, chicken, eggs and milk would rise by as much…

The Guardian - UK

Elon Musk ‘still committed’ to Twitter deal after putting it on hold – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

We need optimism – but Disneyfied climate predictions are just dangerous

Techno-utopianism is popular precisely because it doesn’t challenge the status quo, and lets polluters off the hook, says Guardian columnist George Monbiot

The Independent UK

Asian shares bounce back, shrugging off inflation concerns

Asian shares have bounced back after losses earlier in the week, shrugging off the latest data showing U.S. wholesale prices soared 11% in April from a year earlier

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USA Today Sports Media Group

2022 NFL schedule by week

Asharq Al-Awsat

Degas, Picasso Sculptures Bring Record Prices in New York

A sculpture by Edgar Degas sold Thursday for $41.6 million at Christie's in New York, the highest price paid at auction for a work by the French artist, while a bronze by Pablo Picasso also broke a record. The Degas sculpture -- "Petite danseuse de quatorze ans" -- is a…

Los Angeles Times

Kings seeking a finishing kick against Oilers after falling in Game 6

LOS ANGELES — Rebuilding a team goes beyond filling roster spots, past finding right-handed-shooting defensemen to pair with left-handed shooters and acquiring role players who fit alongside the franchise’s foundations.

ABC News

Indonesian customs officials seize cooking oil shipment bound for East Timor

Indonesia impounds at least 81,000 litres of cooking oil bound for East Timor, seeking to enforce a ban on exports of crude palm oil and its derivatives.

Financial Times

The oil slick effect, or why we systematically overgeneralise

We struggle to acknowledge that something can be good in some ways and bad in others

Dynamite News

Skin Care: Try these home remedies for de-tanning

Everyone desires soft and glowing skin. But the busy outdoor lifestyle keeps our skin exposed to long sun exposure. Full story on Dynamite News:

The Independent UK

Longtime AP Alaska bureau chief Dean Fosdick dies at age 80

Dean Fosdick, the journalist with The Associated Press who filed the news alert informing the world of the Exxon Valdez grounding, has died

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Mohammed bin Rashid Al Maktoum

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