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The Latest Breaking News from Oil

Rural Scots ‘forgotten’ in Chancellor’s energy discount package, says Labour

Highlands and Islands MSP Rhoda Grant said those living in off-grid areas need clarity on whether they will receive the £400 energy bill discount.

The Independent UK

EU spares pipeline oil from Russian embargo plan to break logjam

The European Union proposed banning seaborne oil from Russia while delaying restrictions on imports from a key pipeline in an effort to satisfy Hungarian objections and clinch an agreement on a stalled sanctions package that would target Moscow for its war in Ukraine.

Tribune News Service

Iran says crew of two seized Greek tankers not detained and are on board

Iran's state maritime body said on Saturday the crew of two Greek tankers seized by its Revolutionary Guards on Friday had not been detained, and were in good health and being cared for on board their vessels.

Reuters

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'The cruellest cut ever for me and my mum - the heartbreak of losing your hair'

Saira Khan shares the story of the grief and pain she felt cutting her mother's hair as her mum, who had always been very proud of her hair, went through chemotherapy to treat her cancer

Daily Mirror

Lord Browne: the man who went from BP and the North Sea to net zero

he former oil chief is now championing green energy as an investor – and also backing a windfall tax on his old industry

The Guardian - UK

Asian founders work to steer the narrative as beauty trends pull from their cultures

The latest obsessions in America's wellness craze are rooted in South Asian practices. Industry leaders who grew up with those rituals are caught between joy and a battle against cultural erasure.

WEKU

Biden is running out of options to tame soaring gasoline prices

WASHINGTON — President Joe Biden has vowed to do everything in his power to fight record-setting gasoline and diesel prices, but he’s up against a stark reality: There are few options for taming the surge.

Tribune News Service

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War surges Norway's oil, gas profit. Now, it's urged to help

Europe’s frantic search for alternatives to Russian natural gas has dramatically increased the demand — and price — for Norway's oil and gas

The Independent UK

Georgina Hayden’s recipes for momos and persephone salad

Two ways to get children involved with their food: simple, Nepalese-style dumplings and a vibrant spring salad

The Guardian - UK

Assam: Dibrugarh University mass Communication department holds conclave

DIBRUGARH: The Centre for Studies in Journalism Mass Communication (CSJMC), Dibrugarh University, hosted its two-day debut edition of “The Kaleido Conclave” on May 26 and 27 in collaboration with Oil India Limited (OIL) and Brahmaputra Cracker and Polymer Limited (BCPL). Among others, the editor-in-chief of East Mojo, Karma Paljor, journalist…

The Times of India

Oil Fuel Fund asks for liquidity boost

The Oil Fuel Fund Office is asking the government to inject money into the fund from its central budget to increase its liquidity as it continues to subsidise the price of diesel, says office director Wisak Watanasap.

Bangkok Post

Iran seizes two Greek tankers amid rising tensions in the Gulf

IRGC forces swoop on ships in what appeared to be a reprisal for Greece’s role in earlier seizure of Iranian oil tanker

The Guardian - UK

José Ramos-Horta accuses Alexander Downer of ‘distorting’ issues around 2004 Timor-Leste bugging

Exclusive: President of south-east Asian nation says Australia used cover of ‘supposedly altruistic foreign aid program’ to spy on behalf of oil companies

The Guardian - AU

US, Netherlands call for action on decaying Yemeni supertanker

The two countries warn of potential economic, environmental and humanitarian effects if FSO Safer spills or explodes.

Al Jazeera

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The Independent UK

Iran seizes 2 Greek tankers in Persian Gulf as tensions rise

Iran’s paramilitary Revolutionary Guard says it has seized two Greek oil tankers in the Persian Gulf

The Hindu

Petrol pump dealers in TS not to lift stocks on May 31

‘No Purchase’ protest in support of higher commission, voicing concern at losses when Excise duty is cut

Asharq Al-Awsat

Iran Seizes 2 Greek Tankers in Gulf, Tensions Spike

Iran's Revolutionary Guard seized two Greek oil tankers on Friday in the Gulf, just after Athens assisted the US in seizing an Iranian oil tanker over alleged sanctions violations in the Mediterranean Sea. The Guard's announcement comes as tensions remain high between Iran and the West over stalled negotiations regarding…

The Times of India

Rs 1,000 crore income of Indian oil companies stuck in Russia over Moscow’s dollar curbs

NEW DELHI: Dividend income of about 8 billion roubles (about Rs 1,000 crore) from investments of over $5 billion made in two Russian oil fields by a consortium of Indian state-run oil companies remain stuck after Moscow restricted dollar repatriation due to excessive currency volatility following the conflict with Ukraine.

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The Independent UK

FTSE rises despite weight of windfall tax on oil companies

The index notched up its best week for more than two months.

The Hindu

Inspections to check reuse of cooking oil by eateries

Complaints that many food joints are reheating oil multiple times

The National (Scotland)

Rishi Sunak's 'criminal' energy plan will boost fossil fuels and pay wealthy second home owners

The Chancellor's "big bazooka" energy plan is not the simple solution the UK Government are painting it as

The Hindu

‘Putin’s war’ has put some urgency on India-EU FTA talks: German envoy

With a steep surge in global oil prices, India has increased its purchase of discounted Russian oil

The Independent UK

Biden renews Chevron license to bypass Venezuela sanctions

The Biden administration has renewed a license partially exempting Chevron from sanctions on Venezuela so it can keep operating in the oil-rich, socialist-run nation

Reuters

Iran to take 'punitive action' against Greece over seizure of Iranian oil - Nour News

Iran has decided to take "punitive action" against Greece over the seizure of Iranian oil off the Greek coast, the semi-official Nour News reported on Friday.

Reuters

EU may clinch summit deal to embargo Russian oil shipments

EU countries scrambled on Friday to reach a deal that would embargo seaborne deliveries of Russian oil but still allow deliveries by pipeline, a compromise to win over Hungary and unblock new sanctions against Moscow, officials said.

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