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The Latest Breaking News from Oil

Russia-Ukraine latest updates: Germany ‘ready’ to ban Russian oil

Ukraine news from May 2: Economy minister says Berlin could back embargo, as EU energy ministers debate fresh sanctions.

Al Jazeera

Ministry not ruling out excise tax cut extension

The Finance Ministry has not eliminated the possibility of extending the period set for the reduction of the diesel excise tax, says a ministry source who requested anonymity.

Bangkok Post

Powell’s Fed set to go big and keep going until inflation tamed

Jerome Powell doesn’t like to bless bets in financial markets, but he could shift the needle this week on how high investors expect the Federal Reserve to raise interest rates to cool overheated prices.

Tribune News Service

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Diesel users run into reality check

The government's decision to reduce financial pressure on its coffers by allowing the price of diesel to gradually increase starting from this month -- having been capped since October 2021 -- will result in households and businesses experiencing a harsh economic reality.

Bangkok Post

Katie Price blasted for promoting hair thickening product as she wears extensions

Former glamour model Katie Price usually wears hair extensions but took to Instagram to promote hair thickening oil

Daily Mirror

It's almost too easy to make onion rings

You probably have an onion rattling around in your kitchen right now. What more glorious fate could you give it?

Salon

Food price solutions a priority

Food prices are on the rise everywhere in the world. In Thailand, prices of limes have been at historical highs for months, now as much as 10 baht each in wet markets. Instant noodle makers want to hike their prices by up to 20% as raw material costs have surged,…

Bangkok Post

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Bangchak preps SAF production facility

SET-listed energy conglomerate Bangchak Corporation has kicked off Thailand's first sustainable aviation fuel (SAF) production facility project as part of efforts to achieve its net-zero target by 2050.

Bangkok Post

CBG Mania - What Are The Best Ways To Use And Consume CBG

This article was originally published on Cannabis.net and appears here with permission. Cannabigerol (CBG) is quickly becoming one of the most popular cannabinoid products these days.

Benzinga

Motorists warned of car accessory that could lead to £2,500 fine ahead of MOT

Drivers are being warned as a common accessory can lead to a hefty fine if spotted during the MOT test. Here are 10 other MOT checks all drivers need to make before getting it their car serviced.

Edinburgh Live

Chicken could soon become as pricey as filet steak in latest cost of living blow

The cost of living crisis is putting families across Britain under increasing pressure and soon chicken could become as pricey as beef, store chiefs have warned

Daily Mirror

Six missiles land near oil refinery in Iraq's Erbil - statement

Six missiles landed near an oil refinery in Iraq's northern city of Erbil on Sunday, Kurdistan anti-terrorism authorities said in a statement.

Reuters

Germany: Quitting Russian Oil by Late Summer Is ‘Realistic’

Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced the share of Russian energy imports to 12% for oil,…

Asharq Al-Awsat

Saudi Economy Grows by 9.6% in 1st Quarter of 2022, its Highest Since 2011

The General Authority for Statistics (GASTAT) published flash estimates of the Saudi Gross Domestic Product (GDP) growth rate for the first quarter of 2022, reported the Saudi Press Agency. The figures reveal that the GDP has made the highest growth rate in 10 years, achieving a growth of 9.6% during…

Asharq Al-Awsat

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AAP

Greens vow cannabis reform if successful

The Greens plan to reform cannabis laws and demand a ban on offshore gas drilling in Bass Strait if they secure the balance of power at the federal election.

Newsroom.co.nz

Portrait: Son of Beansprout

Memoir of a boy in the wild

The Independent UK

Germany: Quitting Russian oil by late summer is 'realistic'

Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of crude oil imports from Russia by late summer

The Hindu

Commercial LPG prices hiked

A 19 kg commercial LPG cylinder now costs ₹2,508

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The Guardian - UK

Rising feed prices mean chicken could soon cost as much as beef, says Co-op

Price of UK’s most popular meat is rising faster than any other protein, according to retailer’s boss

Reuters

Next round of EU sanctions on Russia must include oil embargo, Ukraine's FM tells Borrell

Ukraine's foreign minister, Dmytro Kuleba, said he told the European Union's top diplomat on Sunday that the bloc's next round of sanctions must include an oil embargo on Russia.

The Guardian - UK

Kwarteng and Sunak at odds over windfall tax on oil and gas profits

Government sources play down idea of cabinet split as business secretary quashes idea recently mooted by chancellor

Manchester Evening News

Asda boss warns food and oil prices could continue to increase in ‘knock-on effect’ of inflation

"I am afraid there is knock-on effect for all raw materials"

Nottingham Post

Sainsbury's issues supply warning to customers as many products could be substituted

A number of cooking oils have reportedly been affected

WEKU

Russia is starting to cut natural gas supplies off

Ayesha Rascoe discusses Russia's threats against NATO countries and the decision to cut off natural gas to Poland and Bulgaria with Agnia Grigas, a nonresident senior fellow at the Atlantic Council.

Daily Mirror

Asda boss warns food prices will soar even higher and Tories must do more to help

Tory peer Lord Stuart Rose said prices 'are going to go higher' than 6%, will stay high 'for quite some time', and even he will be making choices about what he does and doesn't buy

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