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The Latest Breaking News from Oil

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

The Independent UK

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.

Benzinga

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.”

Tribune News Service

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11 best mosquito repellents, traps & zappers to stop bites

Just say no to parasitic flying insects.

Input

Does trimming hair actually helps it grow faster?

We all want long, healthy locks that we can flaunt, twist and turn and make them into trending hairstyles and the best advice we get from everyone is to get regular trimming done. People have always believed that if they cut their locks every few days their hair will grow…

The Times of India

5 Resilient Stocks to Own During a Market Downturn

The stock market closed the last trading session of May in the red, underscoring inflation fears and rising oil prices. Furthermore, strategists expect the broad market to decline further, given the inflationary pressures and the Fed’s monetary tightening. Hence, we think stocks that have outpaced the broader market so far…

StockNews.com

Regulator unwinds Babcock/CHC helicopter deal over competition concerns

The Canadian company must now sell the business it bought for £10m

Insider UK

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Insiders Buy Around $2.5M Of 3 Penny Stocks

US crude oil futures traded higher this morning on Wednesday. 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

Russia warns that US is 'pouring oil on fire' by giving Ukraine long-range rockets

US President Joe Biden already supplies Ukraine with high mobility artillery rocket systems that can accurately hit targets up to 50 miles - Kremlin officials don't believe they won't be used to hit Russia

Daily Mirror

Kremlin Says It Can Re-route Oil Exports to Minimize Losses from EU Embargo

The Kremlin warned on Wednesday that the European Union's sanctions on Russian oil would hit the global energy market, but said Moscow could re-route exports to limit its own losses. EU leaders this week agreed an embargo on Russian crude oil imports that aims to halt 90% of Russia's oil…

Asharq Al-Awsat

Hungary's Orban escapes EU sanctions on Russian oil

Hungary's divisive leader has once again got his own way with the European Union - this time in tough negotiations on Russian oil at the recent summit in Brussels.

Radio France Internationale

Libya: Broken Pipeline Causes Crude Spill

A pipeline rupture in Libya is spewing thousands of barrels of oil into the desert, as workers scramble to seal off the leak, authorities said Wednesday. The damage to a land pipeline linking the Sarir oil field to the Tobruk terminal on the Mediterranean was the latest blow to Libya’s…

Asharq Al-Awsat

Ukraine war blamed for fuel hikes in South Africa, continent

South Africans are feeling the bite of fuel price increases that are blamed on Russia’s war in Ukraine and the rise in the Brent crude oil price

The Independent UK

Watch | How palm oil shortage has impacted the Manapparai murukku trade

A video on the making of the Manapparai murukku and the challenges faced by its makers, due to the shortage of Indonesian palm oil

The Hindu

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Axios

Once-unthinkable: Subsidies for American oil drillers

Could the Federal government be forced to give energy giants subsidies to boost production?

Benzinga

A Peek Into The Markets: US Stock Futures Mostly Higher; Crude Oil Rises Over 1%

Pre-open movers

Evening Standard

Best retinol skincare products for an overnight, anti-ageing reboot

These vitamin A powerhouses will smooth, brighten and firm without irritation

Evening Standard

Let’s Make-Up: the new beauty launches to have on your radar in June 2022

Our series where we fill you in on the buzziest beauty launches to know this month

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France 24

Germany launches €9 all-access public transport ticket

The new German government is making most public transport across the country available until the end of August for a monthly fee of only €9. The move aims to offset inflation and reduce carbon emissions. Our Berlin correspondents Anne Mailliet and Nick Spicer report. Also in this edition, we see…

Asharq Al-Awsat

World Shares Mixed after Stocks Retreat on Wall Street

World shares were mixed Wednesday after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates. Germany's DAX gained 0.5% to 14,465.06 and the CAC 40 in Paris advanced 0.5% to 6,497.69.

Reuters

Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and causing queues at filling stations.

Asharq Al-Awsat

Italy Imports More Russian Oil despite Impending Embargo

Even as the European Union decided to reduce Russian crude oil imports by 90% by the end of the year, Italy has become the only country in Europe to increase them, an unintended consequence of EU sanctions against Russia. Meant to punish Russia for invading Ukraine, the EU oil embargo…

Evening Standard

Alan Partridge: Stratagem at the O2 Arena review - patchy, but this snake oil salesman is a reliable joy

Steve Coogan inhabits his desperate, naff creation so seamlessly you completely lose sight of him

The Independent UK

Italy imports more Russian oil despite impending embargo

Italy has become the only country in Europe to increase Russian crude oil imports in an unintended consequence of European Union sanctions against Russia

Evening Standard

Dr Martens defies inflation to polish off record sales in boost to high street

DR Martens today defied global economic turmoil to produce record results that offer at least a glimmer of hope for a battered UK high street.

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