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The Latest Breaking News from Oil

U.S. Govt Says WNBA Star Brittney Griner Was 'Wrongfully Detained' By Russia, What This Change Of Classification Means

More than two months after WNBA superstar Brittney Griner was arrested at a Moscow airport and accused of having cannabis oil in her luggage, the U.S. State Department finally said on Tuesday said that she had been “wrongfully detained,” signaling a significant shift in how officials will work to get her home.

Benzinga

Executives Buy Around $85M Of 4 Stocks

Although crude oil futures traded higher on Wednesday, there were a few notable insider trades.

Benzinga

Russia Pounds Ukraine, Targeting Supply of Western Arms

Russian forces pounded targets across Ukraine, taking aim at supply lines for foreign weapons in the west and intensifying an offensive in the east, as the European Union moved Wednesday to further punish Moscow for the war with a proposed ban on oil imports. The Russian military said Wednesday it…

Asharq Al-Awsat

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Oil prices surge as EU proposes complete ban on Russian crude and petrol imports

Threat of further petrol and diesel price rises after European Commission unveils toughest measure yet against Russian energy supplies

The Independent UK

Indicators Point to High Liquidity Movement in Saudi Arabia

Saudi Arabia has seen indicators of high liquidity movement, prompted by the recovery of commercial demand and consumer spending over the last period, in parallel with the growth of the national economy and the rise in oil revenues and non-oil activity in the Kingdom. Cash liquidity rose by 2.7% at…

Asharq Al-Awsat

Recap: Murphy Oil Q1 Earnings

Murphy Oil (NYSE:MUR) reported its Q1 earnings results on Wednesday, May 4, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Benzinga

How to make the perfect pasta con le sarde – recipe

A rustic Sicilian signature pasta with sardines, fennel and pine nuts, topped with crunchy breadcrumbs … but what’s the definitive recipe?

The Guardian - UK

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Climate sceptic thinktank received funding from fossil fuel interests

Exclusive: Global Warming Policy Foundation has led the backlash against UK government’s net zero policy

The Guardian - UK

EXPLAINER: What's the impact if Europe cuts off Russian oil?

The European Union's executive commission has proposed phasing out imports of Russian oil within six months

The Independent UK

India's central bank raises interest rate to tame inflation

India’s central bank has raised its key interest rate to 4.4% from 4% to try to contain fast-rising inflation

The Independent UK

Kremlin Dismisses Speculation Putin to Declare War on Ukraine on May 9

The Kremlin on Wednesday dismissed speculation that President Vladimir Putin planned to declare war against Ukraine and declare a national mobilisation on May 9 when Russia commemorates the Soviet Union's victory in World War Two. Commenting on speculation that Putin will declare war against Ukraine on May 9, Kremlin spokesman…

Asharq Al-Awsat

BP celebrates record profits - despite UK pensioner riding bus all day to stay warm

BP's underlying profits rose to $6.2 billion for the first quarter of this year

Bristol Post

EU chief proposes Russian oil ban in new round of sanctions

The proposal, if accepted by EU members, seeks to stop crude oil imports in six months, refined products by end of 2022.

Al Jazeera

First Thing: US shaken by supreme court draft overturning Roe v Wade

Biden condemns abortion opinion that, if handed down, would mean ‘fundamental shift’ in law and imperil many other rights

The Guardian - UK

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Radio France Internationale

EU chief calls for phased ban on Russian oil in fresh set of sanctions

The European Commission President Ursula Von der Leyen has proposed a phased oil embargo on Russia over its war in Ukraine, as well as sanctioning the country's top bank, in a bid to deepen Moscow's isolation.

Evening Standard

Best lip oils for hydration and shine in one

Meet your new handbag hero: a balm-gloss hybrid for your pout

Birmingham Post

Worley brings its tool box to Grimsby as it gears up to play key part in Energy Estuary engineering boom

Specialist Equipment Solutions is a wholly-owned business of the Australian multinational

The Independent UK

Oil firms to reap £11.6bn unexpected wartime profits on UK fossil fuels, Greenpeace projects

‘Oil giants are pocketing mountains of cash off the back of Putin’s war, while millions of UK households are facing fuel poverty,’ Greenpeace UK says

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Benzinga

80 Biggest Movers From Yesterday

Gainers Blue Water Vaccines, Inc. (NASDAQ: BWV) shares jumped 93.1% to close at $6.45 on Tuesday on above-average volume.

The Guardian - US

How the oil and gas industry is trying to hold US public schools hostage

Fossil fuel interest groups are telling New Mexicans: let us keep drilling or the state’s education system will collapse

Wales Online

Energy firms investigated over 'rip off' increases to customers' direct debit payments

Claims customers are paying more than they should do to ease firms cash flow problems

France 24

The future of Twitter: Musk floats paid model as financing rumours swirl

Elon Musk says companies and governments might need to pay to use Twitter under his ownership, as the billionaire Tesla founder seeks more investors to cover the private financing of his $44 billion takeover deal. The US Fed gets set to hike interest rates, and soaring profits at oil companies…

Benzinga

Earnings Scheduled For May 4, 2022

Companies Reporting Before The Bell • Seres Therapeutics (NASDAQ:MCRB) is estimated to report quarterly loss at $0.52 per share on revenue of $8.48 million.

Evening Standard

Best facial tanning sprays for a sunkissed glow

For an effortless summer-ready tan come rain or shine

Reuters

Factbox-EU proposes toughest sanctions yet against Russia

The European Commission on Wednesday proposed its sixth and toughest round of sanctions against Russia yet that could be signed off by ambassadors of EU governments later in the week.

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