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The Latest Breaking News from Oil

Chevron's Q1 Profits Leap On Gas, Crude Oil Price Surge

Chevron Corporation (NYSE: CVX) posted better-than-expected first-quarter earnings as profits rose nearly fourfold from last year amid a record surge in U.S. gas prices and a spike in global crude linked to Russia's invasion of Ukraine.

Benzinga

Infographic: How expensive are everyday items in Nigeria?

Since 2016, the Nigerian economy, Africa’s largest, has suffered two recessions; prices of necessities have soared.

Al Jazeera

Germany caves to EU pressure over Russian oil ban

Germany has said it “won’t stand in the way” of an EU ban on Russian oil imports despite resisting the move for weeks over economic fears.

Evening Standard

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Super-saver Irish mum who bought a house and saved €15k thanks to strict budget shares top tips

Stay-at-home mum of four Caz Mooney (33) from Co Offaly says it only took her 11 months to save the money for her €170k house

Irish Mirror

Curaleaf International Registers Range Of Proprietary THC/CBD Cannabis Oil Product Formulations In Malta

Curaleaf International, a division of Curaleaf Holdings (OTCQX: CURLF) (CNSX:CURA), announced the successful license of the company’s range of cannabis based medicines as extract, under the name Adven, in Malta.

Benzinga

Russia's weaponization of natural gas could backfire by destroying demand for it

In December 2006, The Economist magazine published a cover drawing of Russian president Vladimir Putin, dressed like a 1930s gangster in a dark suit and fedora hat, under the headline “Don’t Mess with Russia.” Putin held a gasoline nozzle, gripping it like a machine gun. The target presumably was Europe,…

The Conversation

Morning Brief: Top Financial Stories Dominating on Friday, April 29

CNBC

Benzinga

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From gazpacho to gambas, markets to Michelin: what and where to eat in Andalucía

The author of cookbook Andaluz introduces the cornucopia of ingredients and influences that make Andalucían cuisine so unique – and suggests where best to find them

The Guardian - UK

3 Stocks Under $1 Insiders Are Aggressively Buying

US crude oil futures traded higher this morning on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

Benzinga

Eurozone growth slips as Russia-Ukraine war pushes up energy costs

France’s economy stalls and Italy’s shrinks but Germany rebounds from contraction

The Guardian - UK

Why Jim Cramer Recommends To Not Sell Weber

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Magnolia Oil & Gas Corporation (NYSE: MGY) and believes it is a good company.

Benzinga

Russian ex-minister jailed for bribery granted parole

Russia’s former economic development minister sentenced for eight years on bribery charges has been granted parole

The Independent UK

If you love leeks, try these Afghan dumplings

Christian Vazquez likes to recreate restaurant dishes at home. This one is his new favourite

The Independent UK

The £8.50 Body Shop beauty product that Meghan Markle can’t live without

The Duchess of Success swears by this skincare treatment for pretty much everything!

Wales Online

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Benzinga

US, Canadian Oil Companies Struggle To Find Workers Despite Boom: Reuters

Governments are pushing oil and gas producers to increase output, with prices hovering around $100 a barrel amid a worldwide supply shortage, writes R

Al Jazeera

Eurozone inflation hits new high as growth slows amid Ukraine war

Ukraine war takes toll on European economies using the euro as inflation reaches record levels and output weakens.

Asharq Al-Awsat

Inflation Hits Record High of 7.5% in Countries Using Euro

Inflation hit a new record for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a slowing economic recovery from the latest outbreaks of COVID-19. Annual inflation hit 7.5% for April, the highest…

The Guardian - UK

‘The fruit really sings’: 10 mouth-watering mango recipes, from cocktails to carpaccio

Salads, sauces, pavlova, poke … With the alphonso mango coming into season, chefs and bartenders provide sweet and savoury inspiration

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The Independent UK

Inflation hits record high of 7.5% in countries using euro

Inflation has hit a new record for the 19 countries that use the euro

St. Louis Post-Dispatch

Editorial: Like pet rocks and bell bottoms,1970s bad economic news is back to haunt Biden

U.S. gross domestic product shrank 1.4% in the first quarter at the same time inflation continued to soar. For older Americans, that combination conjures memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The entire economic mess got dumped…

Benzinga

Volkswagen Aims To Install 8,000 EV Fast-Charging Spots In Europe By 2024

Volkswagen Group (OTC: VWAGY) said on Thursday it plans to install up to 8,000 fast charging points for electric vehicles across Europe in partnership with the U.K.-based oil major BP Plc (OTC: BPAQF).

Insider UK

Shell fined £50,000 by North Sea regulators

Energy giant served with sanction notice for breaching five oil field consents

Asharq Al-Awsat

Libya: Bashagha Proposes Mechanisms to Preserve Oil Revenues

Libya's parliament-appointed prime minister, Fathi Bashagha, asked the National Oil Corporation (NOC) to submit its proposals on mechanisms necessary to preserve and maintain funds generated from oil revenues. Bashagha sent an urgent message to NOC Chairman Mustafa Sanalla, stressing the need to resume oil production and export as soon as…

Reuters

How Indonesia's policy stumbles over palm oil have unfolded

When Indonesian cooking oil prices started climbing in November, authorities faced pressure to contain the cost of the household necessity made from palm oil and used by most people in the world's fourth most populous country.

Asharq Al-Awsat

Oil Extends Gains as Supply Concerns Trump China Lockdowns

Oil prices rose for a fourth day on Friday as Russian supply disruption fears trumped COVID-19 lockdowns in China, the world's biggest crude importer, that are weighing on demand. Brent crude futures rose 88 cents, or 0.8%, to $108.47 a barrel by 0639 GMT after gaining 2.1% in the previous…

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