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The Latest Breaking News from Oil

Sainsbury's confirm new fuel ban coming to every UK supermarket petrol station

Sainsbury's is phasing out the sale of petrol stations as it pledges its support for the people of Ukraine. There will be no Russian diesel available at any of Sainsbury's 315 forecourts.

Edinburgh Live

Nepal raises retail fuel price, stoking inflation fears

Nepal's state-owned oil company has hiked the retail prices for fuels, including petrol and cooking gas, by up to 12.5% because of rising global oil prices, an official said on Monday, stoking concerns consumer inflation will be further pushed up.

Reuters

Zelenskyy Urges ‘Maximum’ Sanctions on Russia in Davos Talk

Ukrainian President Volodymyr Zelenskyy called for "maximum" sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Forum gathering in Davos. He said sanctions need to go further to stop Russia’s aggression, including an oil embargo,…

Asharq Al-Awsat

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Diesel price capped at B32 for another week

The Oil Fuel Fund board on Monday decided to continue capping the retail price of standard diesel at 32 baht per litre for another week.

Bangkok Post

Act now or face windfall tax, warns minister

A Goverment U-turn to introduce a windfall tax remains a possibility

Evening Standard

Rachel Roddy’s recipes for three lively Italian spring salads

Three salads to adapt, mix and match: broad beans, lettuce, pecorino and mint; artichoke, parmesan and lemon; and endive with anchovy dressing and croutons

The Guardian - UK

Sainsbury's major fuel change will impact all 315 petrol stations

The supermarket-giant will phase Russian diesel out all of their 315 forecourts across the UK by the end of the year.

Daily Record

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Aussies launch barbecue helpline to help struggling Brits

The UK's 10 biggest blunders with barbecues have been revealed, as well as tips for the perfect outdoor grill

Wales Online

Commentary: Governments should stop trying to make gasoline cheaper

The oil market is screaming at consumers to rein in their use of fuel. Governments are doing everything they can to have us to buy, buy, buy. But there can only be one winner in this battle, and it won’t be our elected representatives — or us.

Tribune News Service

Bethany Jean Clement: How do cookbook authors do it? Cynthia Nims on 'Shellfish' and her 50 (!?) new recipes.

How do you write a cookbook? Cynthia Nims has nine to her credit, each very full of her very own recipes (and she has co-authored many more). Her latest — "Shellfish," just out from Seattle's Sasquatch Books — offers 50 new preparations she's devised that encompass seven kinds of mollusks…

Tribune News Service

Treasury minister delivers bad news for anyone on Universal Credit

Simon Clarke, chief secretary to the Treasury was speaking on BBC Radio 4 this morning

Wales Online

IEA warns against energy crisis deepening fossil fuel reliance

The energy security crisis since Russia's invasion of Ukraine must not lead to a deeper dependence on fossil fuels, International Energy (IEA) chief Fatih Birol said on Monday.

Reuters

Covid Brain Fog: Woman With Long Covid Can’t Even Change Bedclothes

An oil worker told how long covid left her with debilitating memory loss – as experts warn the number of people with the condition is increasing ‘at an alarming rate’.

Zenger

Abu Dhabi-based Borouge Sets IPO Price

Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it has set the offer price for its initial public offering (IPO), which shows it could raise about $2 billion in the deal, and secured seven cornerstone investors. The Abu Dhabi National Oil Company and Borealis' joint venture set the IPO price…

Asharq Al-Awsat

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The Guardian - US

Biden pitches Democrats as saviors for US economy ahead of midterm elections

Amid unyielding criticism from Republicans, Biden warns as bleak as it seems now, Republican control of Congress would be worse

The Guardian - UK

Davos day one: Zelenskiy calls for maximum sanctions against Russia; recession fears on the rise – business live

Rolling coverage of the first day of the World Economic Forum in Davos

Reuters

Indonesia policy uncertainty hampers resumption of palm oil exports

Indonesia allowed the resumption of palm oil exports from Monday after a three-week ban, but industry players said shipments were unlikely to restart until details emerge on how much of the edible oil must be held back for domestic use.

Reuters

Biden says weighs reducing tariffs on China, asking OPEC to pump more oil

U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a politically damaging wave of inflation.

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Reuters

Hungary must work with EU on Russian oil embargo - German economy minister

German Economy Minister Robert Habeck has warned Hungary against blocking efforts to impose an European Union-wide embargo on Russian oil imports in response to the war in Ukraine.

The Guardian - UK

Climate sceptic thinktank reported to charity commission over fossil fuel interest funding

Global Warming Policy Foundation is lobby group not charity and brings no public good, say signatories

The National (Scotland)

One in five Scots out of money before payday, poll shows

ONE in five people in Scotland are running out of money before payday, a poll from Citizens Advice Scotland (CAS) has found.

Tribune News Service

Fliers splurge on most expensive seats as travel restarts

More people are flying in more expensive cabins for leisure trips despite airfares rising on surging oil prices and demand, and that’s helped offset a slower recovery in business travel, according to the International Air Transport Association.

ABC News

ASX edges higher as new Labor PM Albanese sworn in and global equity markets rebound

Australian shares rise on Monday, while Labor Party leader Anthony Albanese was sworn in as the country's 31st prime minister after nine years of rule by the conservative Coalition.

The Guardian - UK

Food and energy billionaires $453bn richer than two years ago, finds Oxfam

While elite gather in Davos, charity calls for wealth tax after rich benefit from soaring energy and food prices

Daily Mirror

E.On energy boss says 'prices are too high' as PM comes under growing pressure to help

One of the UK’s biggest energy suppliers has warned that up to 40% of its customers will be in fuel poverty by October unless the Government steps in

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