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The Latest Breaking News from Oil

Tunisia Detains Crew of Ship that Sank off its Coast this Month

A Tunisian judge detained seven crew members of a commercial ship that sank off the coast of the southern city of Gabes this month, a judicial official said on Wednesday, as authorities investigated whether the ship may have been deliberately sunk.

Asharq Al-Awsat

Asian shares decline, echoing broad slump on Wall Street

Asian shares mostly have retreated, echoing a broad decline on Wall Street and driven by worries about how the war in Ukraine may push prices for oil and other commodities higher

The Independent UK

Giant former aluminium works at Holyhead and recycling equipment from Orthios up for sale after collapse

Begbies Traynor were appointed as administrator to Orthios by the main investor last month

Birmingham Post

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Revealed: top US corporations raising prices on Americans even as profits surge

A Guardian analysis uncovers how companies enriched themselves and their investors while boasting about jacking up prices

The Guardian - US

Ayurvedic oil to combat ageing

Climate change can cause the skin to lose its eternal glow, and during this period we need to ensure that we calm our skin with a healthy and nourishing skincare routine. Our skin is the barrier that is protected from everything that has been going on around us and is…

The Times of India

Tunisia detains crew of ship that sank off its coast this month

Reuters

Russia’s war on Ukraine heats up cooking oil prices in global squeeze

Global cooking oil prices have been rising since the COVID-19 pandemic began, and Russia’s war in Ukraine has sent costs spiraling, another rising cost as inflation soars.

Chicago Sun-Times

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Russia warns UK diplomats in Kyiv could be targeted by Kremlin rocket attacks

The threat was issued by Russia’s defence ministry after Armed Forces Minister James Heappey said the UK backed Ukrainian airstrikes on Russian infrastructure

Daily Mirror

Nigeria buries remains after illegal refinery blast

Remains of more than 100 workers and traders who died after an illegal refinery exploded in southeast Nigeria were buried on Tuesday in an official ceremony after an incident that shocked the region

The Independent UK

Plug pulled on diesel cap

The government has appealed for public understanding over its decision to lift the 30-baht-per-litre diesel price cap next month.

Bangkok Post

Nigeria conducts mass burial for victims of illegal refinery explosion

Dozens of charred bodies were buried in mass graves on Tuesday in Nigeria's Imo state as the stench of decomposing flesh hung in the air after more than 100 people were killed during a weekend explosion at an illegal oil refinery.

Reuters

Mid-Afternoon Market Update: Crude Oil Rises Over 3%; Protagonist Therapeutics Shares Plummet

U.S. stocks remained lower toward the end of trading, with the Dow Jones tumbling more than 500 points on Tuesday.

Benzinga

Democrats call out India for buying Russian oil and weapons - Roll Call

Senators also warned the secretary of State to call out global human rights abuses as the U.S. focuses on threats posed by Russia and China.

Roll Call

2 Dividend Aristocrats That Yield More Than 4%

Concerns about surging inflation and interest rate hikes are weighing on investors and extending the market’s correction. Amid any market downturn, dividend stocks are considered sound investments to ensure a steady portfolio income stream. Thus, we believe high-yield dividend stocks Exxon (XOM) and International Business (IBM) might be safe bets…

StockNews.com

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The Guardian - UK

Russia begins ‘gas blackmail’ of Poland and Bulgaria ahead of UK call to boost Ukraine military aid

Move follows Warsaw’s imposition of sanctions on 50 entities and individuals including Russia’s biggest gas company

AAP

Inflation jump largest since GST launched

The Australian Bureau of Statistics says the consumer price index rose 2.1 per cent in the March quarter, taking the annual rate to 5.1 per cent.

Chicago Sun-Times

Deconstructed shrimp spring rolls are the star of this salad

Bright, crisp vegetables, such as carrot and cucumber, and leafy herbs such as mint and cilantro, round out the salad and nail the spring roll flavors.

The Guardian - UK

Ukraine war ‘will mean high food and energy prices for three years’

World Bank says biggest commodity shock since 1970s raises spectre of stagflation

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The Guardian - UK

Why are UK supermarkets rationing cooking oil?

Tesco, Morrisons and Waitrose have limited sales after concerns over shortages caused by Ukraine war

Radio France Internationale

France allows ingredient swaps as war in Ukraine hits sunflower oil supply

France has loosened food packaging rules to temporarily allow manufacturers to replace sunflower oil with other ingredients in the face of supply problems due to the war in Ukraine.

The Times of India

Adani Wilmar becomes 7th Adani Group company to cross Rs 1 lakh crore market capitalisation

NEW DELHI: Adani Wilmar became the 7th companies within Adani group to cross Rs 1 lakh crore market capitalisation mark.

Evening Standard

Ukraine can hit Russia with weapons supplied by UK, says armed forces minister

A minister has backed Ukrainian strikes on military targets behind Russian lines, even if the weapons used have been supplied by the UK.

Chronicle Live

New shopping rule introduced at supermarkets including Morrisons, Tesco and Waitrose

Iceland has also announced their customers will be subject to the same rule

Nottingham Post

Warnings over potential food shortages - What we found in a Tesco in Nottingham

There are potential shortages for a number of reasons according to the experts

Reuters

Food, fuel price shocks from Ukraine war to last at least 3 years, World Bank says

Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of of stagflation, the World Bank said in its latest Commodities Market Outlook report.

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