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The Latest Breaking News from Oil

Biden Visit Might Push For Saudi Arabia And OPEC To Make Up For Russian Oil Loss

Saudi Arabia and other OPEC members may increase oil supply to compensate for a reduction in Russian output, which may relieve pressure on growing global inflation and pave the way for US President Joe Biden's historic visit to Riyadh,

Benzinga

A Peek Into The Markets: US Stock Futures Gain Ahead Of Economic Reports; Crude Oil Down Over 2%

Pre-open movers

Benzinga

Russia is winning the economic war - and Putin is no closer to withdrawing troops

The perverse effects of sanctions means rising fuel and food costs for the rest of the world – and fears are growing of a humanitarian catastrophe, says Larry Elliott, the Guardian’s economics editor

The Guardian - UK

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'Are you rich?' Inequality Observatory sets French wealth threshold

Like the poverty threshold, France's Inequality Observatory has published a report defining who is considered financially wealthy in the country. But first, we see how Saudi Arabia could step in to boost global oil production. Also, we take a look at Sheryl Sandberg's legacy following her decision to step down…

France 24

TankerTrackers.com locates seized Greek tankers in Iranian waters

Two Greek oil tankers seized by Iran last week are located in Iranian waters, monitoring service TankerTrackers.com said in a Twitter post on Thursday.

Reuters

Iran slams French, German 'interference' in seizure of Greek ships

Iran has slammed "inappropriate interference" by Germany and France following their condemnation of Tehran for its seizure of two Greek-flagged oil tankers in Persian Gulf waters last week.

Radio France Internationale

How to solve the energy transition 'trilemma'?

The war in Ukraine poses questions about how Scotland balances its net zero goals with the energy price crisis

Insider UK

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Divided again, Libya slides back toward violence, chaos

Two separate governments are once again vying for power in Libya

The Independent UK

Borgen review – this antidote to real-life politics is like The West Wing 2022

The Danish political drama is a breath of fresh air, given the unbearableness of Westminster. How lovely to have it back

The Guardian - UK

As gas prices soar, Joe Biden likely to visit Saudi Arabia

WASHINGTON: President Joe Biden is likely to visit Saudi Arabia later this month as part of an international trip for Nato and Group of Seven meetings, according to people familiar with the matter, with record high US gas prices weighing on his party's political prospects.

The Times of India

Feds say oil deal woes led to murder of Vermont man

Federal prosecutors say a conspiracy that resulted in the murder of a Vermont man grew out of a financial dispute between the victim and one of the men now charged with arranging to have him killed

The Independent UK

As gas prices soar, Biden leans toward visiting Saudi Arabia

President Joe Biden is leaning towards making a visit to Saudi Arabia — a trip that would likely bring him face-to-face with the Saudi crown prince he once shunned as a killer

The Independent UK

Panel expects export growth to ease

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) expects the country's export growth to slow for the remainder of the year as a result of several global uncertainties.

Bangkok Post

EU sanctions will keep oil prices high for 1-2 years

The EU's latest decision to ban most oil imports from Russia because of its invasion of Ukraine is expected to keep energy prices elevated for 1-2 years, says Kobsak Pootrakul, senior executive vice-president of Bangkok Bank.

Bangkok Post

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Bangkok Post

In the end, economic theories prevail

I have made several dire predictions for the Thai economy this year such as high inflation, a liquidity crisis, interest rate hikes, bank collapses, a currency run, and, of course, an economic recession.

The Conversation

To prevent disasters like Lac-Mégantic, private interests cannot be allowed to affect regulations

On July 6, 2013, the fourth deadliest railway disaster in Canadian history took place. A train hauling 72 tankers filled with crude oil derailed in Lac-Mégantic, Que., killing 47 people.

The Guardian - UK

Oil prices rise as Opec prepares to set new output targets

Thursday’s meeting of oil-producing nations will be first since EU imposed sanctions on Russian crude

The Hindu

The India I love is multicultural, spiritual, says outgoing German envoy

Walter Lindner says Germany will never criticise India for import of Russian oil

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Benzinga

$1000 Invested In Imperial Oil 20 Years Ago Would Be Worth This Much

Imperial Oil (AMEX:IMO) has outperformed the market over the past 20 years by 2.02% on an annualized basis producing an average annual return of 9.1%. Currently, Imperial Oil has a market capitalization of $36.61 billion.

Daily Record

Nicola Sturgeon claims oil and gas windfall tax not fair due to impact on Scottish industry

Labour MSP Colin Smyth criticised the First Minister's comments, claiming it was an example of "grievance"

Al Jazeera

In oil-rich Niger Delta, coastal erosion frustrates locals endlessly

The oil-rich region’s residents say they are losing houses and farmlands to coastal erosion, with no government support.

The Independent UK

EXPLAINER: Effects of EU Russia oil ban, Moscow's response

The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc’s campaign of sanctions to punish Russia for its invasion of Ukraine

Benzinga

Agrify Launches CannaBeast 13 Short Path, Thin Film Distillation System For Cannabis Oil Extraction

Agrify Corporation (NASDAQ: AGFY) launched a new short path, thin film distillation system: the CannaBeast 13.

Tribune News Service

How the world is paying for Putin's war in Ukraine

In early March, as the U.S. and its allies unleashed a wave of sanctions on Russia, President Joe Biden stood in the White House and said they wanted to deal a “powerful blow to Putin’s war machine.”

Input

11 best mosquito repellents, traps & zappers to stop bites

Just say no to parasitic flying insects.

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