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The Latest Breaking News from Oil

EU's Borrell to call meeting next week if Russia oil embargo deal not forthcoming

A meeting of European Union foreign ministers will be held next week should countries from the bloc fail to reach an agreement over an oil embargo against Russia by the weekend, the EU's foreign policy chief Josep Borrell said on Friday.

Reuters

‘Don’t tax energy giants – they invest in Britain’s future.’ Let’s drill down into that

North Sea developments aren’t about lowering bills or securing energy supplies – they’re just business as usual, says Tessa Khan, director of Uplift UK

The Guardian - UK

Russia-Ukraine war: List of key events day 72

As the Russia-Ukraine war enters its 72nd day, we take a look at the main developments.

Al Jazeera

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Best hair growth products of 2024 for long, strong locks

From shampoos to serums, these are the formulas to fortify your strands

Evening Standard

OPEC+ Sticks to Existing Deal Despite Price Rally

OPEC+ agreed on Thursday to another modest monthly oil output increase, arguing that the producer group could not be blamed for disruptions to Russian supply and saying China's coronavirus lockdowns threatened the outlook for demand. Ignoring calls from Western nations for accelerating output hikes, the group agreed to raise its…

Asharq Al-Awsat

Just Stop Oil protest in Clydebank sees 31 people arrested as demo ends after three days

Stop the Oil activists had arrived at Rothesay Dock in Clydebank just after 4am on Tuesday May 3 with police called to the scene.

Daily Record

More than 30 arrested after activists blockade Scots oil terminal

MORE than 30 people have been arrested and charged after climate activists targeted a Scottish oil facility.

The National (Scotland)

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31 charged after 60-hour Just Stop Oil protest

The campaign group said it was the first action of its kind in Scotland.

The Independent UK

Hungary cannot support new EU sanctions against Russia in present form -PM Orban

Hungary cannot support the European Union's new sanctions package, which includes an embargo on oil imports, in its present form, Prime Minister Viktor Orban said on Friday.

Reuters

Asian stocks follow Wall St lower as rate hike worries grow

Asian stocks have followed Wall Street lower as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth

The Independent UK

$Beetaloo Basin's 'absolutely immense' potential spruiked at oil and gas conference, but big fracking tests loom$

Beetaloo Basin's 'absolutely immense' potential spruiked at oil and gas conference, but big fracking tests loom

Buried deep in the Beetaloo Basin, it's estimated there is enough shale gas to power Australia for 300 years if the industry can work out how to frack it safely. Now, the industry is considering re-injecting wastewater into deep saline aquifers.

ABC News

The Archibald 2022 finalists: sitters speaking up to power; artists speaking back to the canon

For those seeking refuge from the election, the 101st Archibald Prize is almost a politician-free zone. Unless you count Joanna Braithwaite’s amusingly titled McManusstan, a portrait of bird lover Sally McManus. Former Labor minister Peter Garrett painted by Anh Do is in the line up – but more accurately described…

The Conversation

I’m Currently Obsessed With Hemp Seed Products For Calming My Psycho Skin

A god send.

Pedestrian.tv

US official says its intelligence helped Ukraine sink Russian warship

KYIV, Ukraine — As Russian troops struck across eastern Ukraine on Thursday and mounted a new push to kill or capture the last remaining Ukrainian fighters defending the besieged port city of Mariupol, new evidence emerged that the U.S. provided intelligence that helped Ukraine sink a formidable Russian warship last…

Los Angeles Times

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Reuters

Evacuations restart in Mariupol as Biden announces more arms for Ukraine

Ukraine said 50 civilians were evacuated from a bombed-out steelworks in the city of Mariupol on Friday, accusing Russia of violating a truce intended to allow dozens more still trapped beneath the plant to depart after weeks under siege.

Reuters

Brazil's Bolsonaro urges Petrobras not to hike fuel prices, calls its profits margins a 'rape'

Brazilian President Jair Bolsonaro on Thursday urged state-run oil company Petrobras not to raise local fuel prices again, and compared the company's profit margins to a "rape" of the country.

Bangkok Post

GTG unveils hemp-based applications

Golden Triangle Group (GTG) has launched several hemp-based balms to serve consumers who are interested in the medical benefits of hemp and the firm plans to develop more new products for the market later this year.

Salon

Tacos from pantry staples? Yes, please!

Move over PB&Js and ramen noodles! This fresh, healthy twist on a classic is simp to fix for lunch or dinner

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WEKU

Russia-Ukraine war: What happened today (May 5)

A roundup of key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

The Guardian - US

US stocks see worst day this year as Fed rate hike rattles investors

Dow falls 3.1% a day after the Fed chair announces biggest hike in two decades to combat inflation

StockNews.com

5 Resilient Dividend Stocks to Buy and Hold

Yesterday, the Federal Reserve implemented its first 50-basis-point interest rate hike since 2000 to tame rising inflation. The volatility in the stock market has been increasing with the Fed’s monetary policy pivot, historically high levels of inflation, and the Russia-Ukraine war. And analysts expect the S&P 500 to plunge further.…

The Independent UK

Why are Shell’s profits so high?

Oil giant reveals underlying earnings tripled at start of this year

Los Angeles Times

Zelenskyy pleads for evacuations as battle rages at last Mariupol holdout

KYIV, Ukraine — As Russian troops mounted a new push Thursday to seize control of the besieged city of Mariupol, Ukrainian President Volodymyr Zelenskyy pleaded for a cease-fire to allow the evacuation of hundreds of civilians trapped beneath a steel plant in a sprawling complex of subterranean bunkers and tunnels.

StockNews.com

Does Liberty Oilfield Services Deserve a Place in Your Portfolio?

The shares of hydraulic fracturing company LBRT have gained more than 77% in price this year despite the company reporting a weak bottom line in its last reported quarter, given bullish investor sentiment around the oil and gas industry. However, LBRT expects to achieve higher margins in the second quarter…

The Hindu

Watch the gap: On widening trade deficit

The widening trade deficit puts more pressure on the rupee and aids growth-retarding inflation.

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