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The Latest Breaking News from Oil

Why MEG Energy Shares Are Trading Higher Today

MEG Energy Corp (TSX:MEG) (OTC:MEGEF) price target has been raised to C$22 from C$21 by RBC Capital analyst Greg Pardy. The analyst maintained his Outperform rating on the shares. The analyst stated that the bullish stance towards MEG Energy reflects its capable leadership team, top-quartile oil sands operations at Christina Lake, balance sheet deleveraging, and…

Benzinga

Keir Starmer blasts 'out of ideas' Tories and vows to get Britain 'back up off the mat'

Labour leader Keir Starmer said 'Britain deserves so much better than this out of touch, out of ideas Tory Government' as voters prepare to head to the polls for the local elections

Daily Mirror

What's Going On With Athabasca Oil Shares Today

RBC Capital analyst Luke Davis raised the price target for Athabasca Oil Corp (TSX:ATH) (OTC:ATHOF) to C$3.25 from C$2.50 while maintaining the Sector Performs rating on the shares. The analyst removed the Speculative Risk qualifier. The analyst states that Athabasca’s positioning continues to improve, with steady operational performance setting the stage for a strategic shift…

Benzinga

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'Britain deserves so much better than this out-of-touch, out-of-ideas Tory government'

Writing exclusively for the Mirror on the eve of the local elections, Keir Starmer blasted the Tories for making working people pay the price for their failures and said Labour would 'get household bills down and Britain back up off the mat'

Daily Mirror

Ukraine Welcomes EU’s Proposed Oil Embargo

In a video message posted on Twitter, Ukraine’s Foreign Minister Dmytro Kuleba welcomed the European Union’s decision to propose an embargo on Russian oil.

Asharq Al-Awsat

How to save money on groceries: the best value fresh produce in Australia this May

Leafy green vegetables are beginning to come into season in Australia, making vitamin-rich cooking a little more affordable, and pears are at their prime

The Guardian - AU

What you should know about the EU plan to ban Russian oil imports

The European Commission has proposed a plan to phase out imports of Russian crude and refined oil.

Al Jazeera

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The EU just proposed a ban on oil from Russia, its main energy supplier

The European Union wants to sharpen its sanctions against Russia. But its leaders acknowledge Europe's economy could suffer.

WEKU

NHS drivers hit by cost of living double whammy of fuel and parking costs

Chancellor Rishi Sunak recently faced a wrath of criticism for parking his family’s VW Golf for free in Downing Street despite slashing the perk for NHS hospital staff in England.

Daily Mirror

Why the EU May Find it Tough to Squeeze Out Russian Oil

The European Union has proposed a phased embargo of Russian oil but may find it tricky to implement, given Europe's complex distribution network and challenges in tracking crude once it is blended or refined. The plan, if agreed by member states, would take effect in six months for crude, and…

Asharq Al-Awsat

EU targets Russia’s global oil trade with shipping sanctions

The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that could dramatically impair Moscow’s ability to ship its oil anywhere in the world.

Tribune News Service

Experts say Ireland can survive EU Russia oil embargo

Fuels for Ireland says any such cut-off won't hit our reserves this year and we won't run out of fuel

Irish Mirror

Mid-Day Market Update: Dow Rises 100 Points; Lyft Shares Plummet

U.S. stocks traded mixed midway through trading, with the Dow Jones gaining more than 100 points on Wednesday.

Benzinga

Barclays and Standard Chartered shareholder meetings disrupted by protests

Barclays chairman Nigel Higgins was repeatedly interrupted by climate change activists in the audience.

The Independent UK

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Benzinga

Wells Fargo Maintains Underweight Rating for BP: Here's What You Need To Know

Wells Fargo has decided to maintain its Underweight rating of BP (NYSE:BP) and raise its price target from $29.00 to $31.00. Shares of BP are trading up 0.16% over the last 24 hours, at $31.23 per share. A move to $31.00 would account for a 0.74% decline from the current…

The National (Scotland)

Màiri McAllan: SNP has 'laser focus' on tackling rural poverty, says minister

A MINISTER is putting the spotlight on rural poverty ahead of the local elections ...

Bristol Post

Disabled Bristol woman's despair as fuel bill soars to £218 a month

"There's no help for me anywhere"

The Independent UK

Venezuela's Maduro, others meet with Iran oil minister

Venezuelan President Nicolas Maduro and high-ranking officials from the South American nation have met with the oil minister of Iran to discuss cooperation in energy matters and efforts to defeat economic sanctions imposed by the U.S. and its allies

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Reuters

EU targets Russian Patriarch Kirill in new round of proposed sanctions - diplomat

The European Commission has proposed freezing the assets of Patriarch Kirill, head of the Russian Orthodox Church, a diplomat said on Wednesday.

StockNews.com

How Does the Pharmaceutical Industry Perform During Recessions?

The Fed’s aggressive interest rate hikes and high energy prices will likely fuel recessionary conditions. Moreover, the unexpected decline in GDP in the first quarter indicates a possible economic contraction. Amid such possibilities, the pharmaceutical industry could attract investors’ attention because of the inelastic demand for its products. Today, I…

Manchester Evening News

Extinction Rebellion protesters send Barclays' AGM in Manchester into chaos

One woman in the audience reportedly glued herself to a seat as security was called in at Manchester Central

The Guardian - UK

A Native American faces teargas, baton charges and rubber bullets – Camille Seaman’s best photograph

Dan Nanamkin would show up at the Standing Rock pipeline protest in full regalia every day. On the other side of the blockade was a massive armed force – but he sang all the time

WEKU

EU proposes a ban on Russian oil imports

NPR's Leila Fadel speaks with Ben Cahill at the Center for Strategic and International Studies about a European Union proposal to phase out imports of Russian oil and refined products.

Los Angeles Times

EU weighs ban on Russian oil as missiles hit west and east Ukraine

KYIV, Ukraine — In its biggest step yet to wean itself off Russian fossil fuels, the European Union proposed a plan Wednesday to phase in an embargo on Russian oil to sever a major source of revenue for the Kremlin’s war in Ukraine.

The Conversation

Why India chose a path of 'proactive neutrality' on Ukraine

Since Russia invaded Ukraine in February, India’s refusal to condemn Russia and maintain a neutral stance has sparked many debates at home and criticism abroad. US President Joe Biden called India’s stance “somewhat shaky”. However, shortly after, the US also called India an essential partner in realising its mission for…

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