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The Latest Breaking News from Oil

Markets hit by China lockdown fears; UK manufacturing confidence slides amid supply crunch – as it happened

Fears over China’s economy are rising as Beijing district launches mass-testing, factory confidence drops and more British households are hit by rising costs

The Guardian - UK

Live updates | Blinken says 'Russia is failing'

U.S. Secretary of State Antony Blinken says Russia is failing in its war aims and Ukraine is succeeding

The Independent UK

Oil Slides to Near 2-week Lows as Shanghai Lockdowns Stoke Demand Worries

Oil prices slumped to near two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential US rate hikes would hurt global economic growth and fuel demand. Brent crude futures were down $3.15, or 3.0%, at $103.50 a barrel by 0326…

Asharq Al-Awsat

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US promises new aid to Ukraine in fight against Russia

Top American officials promised Ukrainian President Volodymyr Zelenskyy hundreds of millions of dollars in new aid in the highest-level U.S. visit to Ukraine since the start of Russian invasion two months earlier

The Independent UK

Lockdown jitters hit Beijing as Shanghai Covid deaths climb

BEIJING: China’s coronavirus outbreak worsened as rising cases in Beijing sparked jitters about an unprecedented lockdown of the capital, with policy makers racing to avert a Shanghai-style crisis that’s already wrought havoc on the financial hub.

The Times of India

Russia-Ukraine war: Fate of Europe and global security being decided in Ukraine, Zelenskiy says– live

Russian foreign minister says western weapons are a ‘legitimate target’; about 15,000 Russian troops have been killed since start of invasion, UK defence secretary says

The Guardian - UK

Giant inferno at Russian oil depot and army facility amid suspected strike by Ukraine

The fires followed huge explosions at the Druzhba oil depot in Bryansk city, where a military unit of the 120th arsenal of the Main Rocket and Artillery Directorate is located

Daily Mirror

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Ukraine and Russia: What you need to know right now

The United States will reopen its Ukraine embassy, and President Joe Biden's top diplomat and most senior defense official promised more military aid while visiting Kyiv as Russia warned against arming its enemy and battles raged in the east.

Reuters

The cost of living will decide Boris Johnson's fate as British Prime Minister

Record View says the PM will be consumed by the fallout from rising costs.

Daily Record

Borrell says no EU agreement on Russian energy embargo

There is insufficient support from European Union member states for a complete embargo or punitive tariff on Russian oil and gas imports, the EU's top diplomat Josep Borrell was quoted as saying by German newspaper Die Welt on Monday.

Reuters

U.S. pledges Ukraine embassy reopening and military aid amid Russian warning

Reuters

Russia investigates large oil depot fire in region near Ukraine

Russia said on Monday it would investigate the cause of a large fire that erupted in the early hours of the morning at an oil storage facility in the city of Bryansk 154 km (96 miles) northeast of the border with Ukraine.

Reuters

Commerce Ministry to curb price of goods

The Commerce Ministry has vowed to do all it can to control rising consumer goods prices when the retail price of diesel fuel is allowed to rise on May 1.

Bangkok Post

Manhunt on for suspects as 100 die in Nigeria refinery blast

A Nigerian oil official says as many as 100 people may have died in an explosion at an illegal oil refinery in southeastern Nigeria

The Independent UK

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The Independent UK

In shadow of war, Russians, Ukrainians mark Easter in UAE

Hundreds of Russians and Ukrainians alike were crowding into the only Russian Orthodox Church on the Arabian Peninsula to celebrate the most important Christian religious festival of the year

The Hindu

Hope India reconsiders, takes more critical stance against Russia: Polish Foreign Minister

Warsaw calls for New Delhi to join humanitarian conference on Ukraine, seeks support on demand for Russia’s ouster from G-20

The Guardian - UK

All back to mine: Angela Hartnett’s recipes for easy entertaining

Asparagus quiche, crab salad and floating islands – the Michelin-starred chef shares exclusive recipes from her new cookbook for fuss-free cooking for friends

Irish Mirror

Tesco Ireland responds over fears Irish stores could follow UK lead in rationing key food product

The shortages have been attributed to the war in Ukraine disrupting supplies of sunflower oil to the UK

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The Times of India

India's oil import bill doubles to $119 billion in FY22

NEW DELHI: India's crude oil import bill nearly doubled to $ 119 billion in the fiscal year that ended on March 31, as energy prices soared globally following the return of demand and war in Ukraine.

Chronicle Live

Tesco joins Morrisons and Waitrose in rationing cooking oil due to Russia-Ukraine war

Shoppers and food manufacturers are both hit by sunflower oil supply issues due to the ongoing Russia-Ukraine war

The Independent UK

AP News Digest 6:07 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

Salon

Sanctions won't stop Putin — this might

All along, Putin has counted on the fact that Europe needs Russian gas. But that's also his Achilles heel

Tribune News Service

Cooking-oil chaos exacerbates a looming world hunger crisis

The world's supply of cooking oil — already squeezed by war — is getting smaller.

Bangkok Post

Indonesian farmers support palm oil export ban

JAKARTA: Indonesia's Oil Palm Farmers Union said on Sunday it supported the government's ban on palm oil exports, calling it a temporary measure that was needed to ensure supply and affordability of cooking oil in the domestic market.

The Guardian - UK

A divided France and a Germany unsure of its identity threaten Europe’s future

In a time of multiple crises and dangers, the EU needs urgently to recover a sense of common purpose

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