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The Latest Breaking News from Oil

Drivers issued MOT warning as common car accessory can lead to £2,500 fine

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.

Glasgow Live

Energy giant Shell fined £50,000 by North Sea regulators

ENERGY giant Shell has been fined £50,000 by North Sea regulators for breaching production consents.

The National (Scotland)

Explained: How states collect tax on petrol, diesel

NEW DELHI: Retail price of petrol and diesel are made up of mainly 3 components - base price (reflecting cost of international oil), central excise duty and state tax.

The Times of India

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All eyes on natural gas prices as European energy firms consider Russian demands

With Poland and Bulgaria cut off from Russian gas, major European energy firms are reportedly considering compliance with Moscow's demand to be paid in roubles. Over in the US, Archegos Capital's Bill Hwang pleads not guilty to fraud. Finally, amid a shortage of sunflower oil due to the Russian invasion…

France 24

Congress, BJP blame each other over fuel prices in Tamil Nadu Assembly

Congress’s oil bonds and BJP’s loan waiver to corporates under attack

The Hindu

Union govt. pretended to reduce fuel prices only to hike later, charges Stalin

It was done with an eye on Assembly elections, says the Chief Minister

The Hindu

Just Stop Oil protesters sabotage petrol pumps on M25 motorway

Environmental activists say action is ‘significant escalation’ in campaign against fuel distribution in England

The Guardian - UK

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Quick Fix: Celebrate Mom with this tasty, light salad

Mother’s Day is just around the corner. You can celebrate Mom with this tasty, light dinner. This Ginger Sesame Chicken Salad is easy to make and takes only minutes. It uses bought cooked or rotisserie chicken.

Tribune News Service

Weir Group expects £20 million loss from winding up Russian operations

Company reviewing the recoverability of assets, but likely to be written off as an exceptional item this year

Insider UK

IMF Projects GCC Growth to Accelerate to 6.4%

The International Monetary Fund (IMF) said the Russian invasion of Ukraine is significantly affecting the growth prospects of the developing economies in the Middle East and North Africa (MENA), while oil-exporting countries benefit from higher crude prices. In its "Regional Economic Outlook: the Middle East and Central Asia," the IMF…

Asharq Al-Awsat

Indonesian president's approval ratings buoyed by palm export ban

The Indonesian president's drastic measures to control food prices by banning palm oil exports have helped lift his sagging approval ratings, an independent pollster said on Thursday.

Reuters

No mourners at burial of 50 victims of Nigeria refinery fire

Days after more than 100 people died in an explosion at an illegal oil refinery in southeast Nigeria, authorities and gravediggers returned to the site in a forest to bury about 50 unclaimed bodies that were burned beyond recognition

The Independent UK

Why are gas prices so high? These obscure traders are partly to blame

‘Nobody with power is looking at what they’re doing,’ but they’re helping to drive searing gas prices despite increased oil production

The Guardian - US

62 Biggest Movers From Yesterday

Gainers Tenon Medical, Inc. (NASDAQ: TNON) rose 350% to clsoe at $22.50 on Wednesday after the company priced its IPO at $5.00 per share.

Benzinga

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Asharq Al-Awsat

Iran's Shamkhani Receives Iraqi Speaker, Asserts Response to Any Action that Harms National Security

The Secretary of Iran's Supreme National Security Council, Ali Shamkhani, has warned that Tehran would react swiftly and decisively to any action to harm his country's security from Iraqi territory. Shamkhani spoke during his reception of the Iraqi Speaker, Mohammad al-Halbousi, who arrived on his first visit to Tehran since…

Wales Online

M25 climate activists sabotage petrol pumps at motorway services

Protest is 'a significant escalation' says group

Tribune News Service

Carl P. Leubsdorf: Reality catches up with Biden

All presidents make sincere efforts to implement the detailed programs they advocate in their campaigns. Most succeed at least to some degree.

Bangkok Post

Jurin puts brake on instant noodle price hike

Commerce Minister Jurin Laksanawisit on Thursday blocked an attempt to raise instant noodle prices on the back of higher production costs driven by a hike in global oil prices.

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Evening Standard

Just Stop Oil protesters block petrol stations on M25 during rush hour

Climate group Just Stop Oil said 35 of its supporters have blocked petrol stations at two motorway service areas on the M25.

The Independent UK

Climate protesters smash petrol pumps at motorway services

Supporters of Just Stop Oil smashed display glass and covered it in spray paint after stopping motorists from entering forecourts on the M25.

The Independent UK

Asian shares mostly higher after wobbly day on Wall Street

Asian shares have logged moderate gains after Wall Street stabilized following a sell-off in tech stocks a day earlier

Reuters

Indonesia navy seizes two tankers carrying palm oil

Indonesia's navy seized two tankers carrying crude palm oil, palm olein and methanol for what it said were permit and paperwork violations, in an operation conducted a day before a palm oil export ban took effect, it said on Thursday.

Asharq Al-Awsat

US Calls on Libyan Leaders to Immediately End Oil Shutdown

The US called Wednesday on Libyan leaders to immediately end the continued closure of oil sites and ports, stressing that such practices cost the country additional millions and risk an environmental disaster. In an unusual tone, the US embassy in Tripoli issued a statement expressing Washington’s “deep concern” over “the…

The Guardian - UK

Thursday briefing: The cost of living strategies that could actually work

In this morning’s newsletter: Archie Bland talks to economics correspondent Richard Partington about what more the government could do to help the worst off in society

Asharq Al-Awsat

Oil Falls as China Fuel Demand Concerns Linger

Oil prices dropped on Thursday as investor remained cautious about dwindling fuel demand in China, the world's biggest oil importer, due to COVID-19 restrictions. Brent crude futures fell $1.48, or 1.41%, to $103.84 a barrel by 0426 GMT.

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