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The Latest Breaking News from Oil

EU leaders agree to ban export of Russian oil to the bloc - EU's Michel

EU leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc, EU Council President Charles Michel said.

Reuters

EU agrees ban on 'more than two thirds' of Russian oil imports

European Union leaders reached a compromise Monday to impose a partial oil embargo on Russia at a summit focused on helping Ukraine with a long-delayed package of sanctions that was blocked by Hungary.

France 24

Latest Ukraine updates: Russia controls ‘most’ of Severodonetsk

Latest Ukraine news from May 31: Luhansk governor says Russian forces are set to take over the eastern Ukrainian city.

Al Jazeera

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MPI labours amid conflict

Thailand's Manufacturing Production Index (MPI) managed to increase slightly in April, rising 0.56% year-on-year to 91.79 points amid the prolonged impact of the Russia-Ukraine war.

Bangkok Post

ASX dragged down by tech, banks and telecommunications

Australian shares close lower on Tuesday, after the majority of sectors dragged on the ASX 200.

ABC News

EU leaders aim to break oil ban impasse with unity at stake

BRUSSELS — European Union leaders intend to give their political backing to a ban on Russian oil, paving the way for a possible agreement next month on a sixth package of sanctions targeting Moscow for its invasion of Ukraine.

Tribune News Service

Reserve Bank takes on fuel prices in readiness for a climate change remit

The central bank is looking to balance its obligation to manage inflation with the necessary costs of cutting emissions, in consultation on its remit.

Newsroom.co.nz

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What is Europe's next move? EU weighs up sixth round of sanctions against Russia

The EU is weighing up more sanctions against Russia. In Brussels, a special summit has been examining a sixth round of sanctions against Moscow since the Russian invasion of Ukraine began on February 24. Is this the moment an oil embargo comes into play?

France 24

'No purchase' by petrol pump dealers on Tuesday to demand higher commission

NEW DELHI: A petrol pump dealers' association will on Tuesday resort to 'no purchase of petrol and diesel' in protest against no increase in their commission by the oil marketing companies, but the protest is unlikely to disrupt supplies as fuel bunks have enough stocks to last couple of days.

The Times of India

Putin Ready to Facilitate Unfettered Grain Exports from Ukraine’s Ports, Says Kremlin

President Vladimir Putin said on Monday that Russia was ready to facilitate the unhindered export of grain from Ukrainian ports in coordination with Turkey, according to a Kremlin readout of talks with President Recep Tayyip Erdogan. Besides the death and devastation sown by Russia's invasion of Ukraine, the war and…

Asharq Al-Awsat

Agriculture minister bats for promotion of oil palm cultivation

KARIMNAGAR

The Hindu

ONGC seeks permission from Bihar govt to conduct oil exploration in Buxar, Samastipur

PATNA: Bihar may soon be recognised as a mineral rich state as several fresh explorations for assessing presence of minerals are set to commence over the next few months.

The Times of India

Could a cartel of large energy consumers cut oil and gas prices?

Italy’s PM Mario Draghi suggests big consumers club together to limit how much is paid and raises idea of EU gas price cap

The Guardian - UK

Brent crude rises above $120 a barrel as UK fuel prices hit record highs

Price increases on global oil markets and at UK forecourts add to concerns about rising inflation and its impact

The Guardian - UK

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The Guardian - UK

EU leaders agree to partial embargo of Russian oil imports

Some 75% of imports will be banned and Sberbank ejected from Swift but Hungary, Czech Republic and Slovakia to keep supplies

The National (Scotland)

Anas Sarwar branded 'austerity apologist' after defending Tory public service funding

SCOTTISH Labour chief Anas Sarwar has been accused of “airbrushing austerity” after defending Westminster’s funding of public services over…

Birmingham Post

Wren to run on green diesel as kitchen giant turns to used cooking oil for delivery fleet

200 vehicles identified for summer switch after three month trial at Barton base

Evening Standard

Hungarian PM Viktor Orban issues Russian oil embargo warning as he blasts ‘irresponsible’ European Commission

Hungary’s prime minister Viktor Orban has warned the prospects of Europe agreeing a ban on Russian oil exports are “not looking good”.

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The Conversation

If plastic comes from oil and gas, which come originally from plants, why isn’t it biodegradable?

Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to curiouskidsus@theconversation.com.

The Guardian - UK

Ben Tish’s recipe for scaccia – Sicilian lasagne bread

Golden bread layered with sweet tomatoes and melting cheese, this Italian street food combines rustic simplicity with delicious indulgence

The Guardian - UK

Chicken shish in sweet confit garlic marinade recipe by Sarit Packer and Itamar Srulovich

A great dish to make ahead, marinade the chicken for up to 48 hours for a surprisingly sweet delicate flavour

The Guardian - UK

Ravneet Gill’s recipe for ras malai cake

A sensational cake that is soaked in cardamom-spiced milk, bake it in a foil container, give everyone a spoon and get stuck in

Evening Standard

Oil price tops $120 a barrel as EU closes on Russian crude ban

The latest jump follows a 6% rise last week raising further inflation fears

The Independent UK

From black pepper tofu to Brussels sprout pasta, here’s five things to cook this week

Emily Weinstein discovers her new favourite way with tofu in this week’s meal plan

The Guardian - UK

G7 countries to stop funding fossil fuel development overseas

Ministers from world’s biggest economies reach agreement that could shift estimated $33bn a year to clean energy sources

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