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The Latest Breaking News from Oil

EU unveils $220bn plan to ditch Russian energy

Brussels plans to spend $314bn by 2030 to end its dependency on Russian oil and gas imports.

Al Jazeera

The Guardian view on fixing inflation: a reckoning with free markets is needed

Editorial: Tories say taxes must fall to curb inflation, even at the cost of a higher deficit. Labour should argue that public spending could be increased for the same reason

The Guardian - UK

Woodside shareholders back BHP oil merger

Woodside shareholders have backed the company's merger with BHP's petroleum arm, creating a new global heavyweight.

AAP

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Biden's burdens grow: Sagging global economy adds to US woes

President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories

The Independent UK

No, Gas Prices Didn't Spike Because of 'Corporate Greed'

Corporations were just as greedy when prices fell in 2019 and early 2020.

Reason

Millions closer to famine because of Putin’s invasion, say western officials

Russian leader accused of ‘weaponising’ global food supplies by targeting industry in Ukraine

Evening Standard

Gautam Adani, Mukesh Ambani reap windfall from surging oil, coal

NEW DELHI: Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy.

The Times of India

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Mid-Day Market Update: Dow Tumbles Over 800 Points; DLocal Shares Surge

U.S. stocks traded lower midway through trading, with the Dow Jones dropping more than 800 points on Wednesday.

Benzinga

Yellen warns of "stagflationary effects" of higher food and gas prices

"These pressures are not likely to abate in the very near future."

Axios

Seeds, fertilizers, pesticides worth about ₹80 lakh seized in vigilance raids

Edible oil traders too booked for various violations, says official

The Hindu

3 Top-Rated Dividend Stocks Yielding 6% -11%

The U.S. markets are slowly adjusting to the Federal Reserve’s hawkish monetary stance and is witnessing modest rallies. However, because the stock market is expected to remain volatile in the near term, we think it could be wise to bet on top-notch dividend stocks British American Tobacco (BTI), Enterprise Products…

StockNews.com

‘I feel abandoned by the state’: UK pensioners on the cost of living crisis

Four Guardian readers talk about how they are trying to keep up with rising prices

The Guardian - UK

Shell boss faces investor rebellion over £13.5m pay package

Pirc urges shareholders at AGM to vote against Ben van Beurden’s ‘excessive’ pay

The Guardian - UK

EVs are shoving aside real volumes of oil, report shows

New estimates help to show EVs are shedding their status as a niche climate technology.

Axios

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Radio France Internationale

EU unveils €210billion energy security plan to break with Russia, fast-track renewable sources

The European Commission has unveiled a €210 billion plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy.

The Independent UK

Reports: 4 European nations to build North Sea wind farms

Danish media say four European Union countries plan to build North Sea wind farms capable of producing at least 150 gigawatts of energy by 2050

The Guardian - UK

EU plans ‘massive’ increase in green energy to help end reliance on Russia

European Commission says extra €210bn needed over next five years to pay for phasing out of Russian fossil fuels

Wales Online

All new buildings to be fitted with solar panels under European plan

Leaders want to fully phase out Europe's dependency on Russian gas, oil and coal imports as soon as possible

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news in one place.

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Evening Standard

Keir Starmer tells Boris Johnson to make ‘inevitable U-turn’ and back energy windfall tax

The Labour leader said a one-off tax would ‘raise billions of pounds, cutting energy bills across the country’

The Hindu

Cabinet amends biofuels policy, advances ethanol blending target to 2025-26

New Delhi The Union Cabinet on may 18 approved advancing the target of blending 20% ethanol in petro

Chicago Sun-Times

Ooey-gooey, cheesy stuffed pasta shells can’t be beat

It takes a little time to assemble, so consider the process a meditative exercise with comforting results.

The Times of India

Sri Lanka can’t find cash to pay even one ship for petrol

NEW DELHI: Sri Lanka asked citizens not to queue for gasoline as the nation on the verge of default has no dollars to pay for a fuel shipment.

Irish Mirror

Top energy saving tips as Government launches 'reduce your use' campaign and household supports

Ireland imports over 70% of the energy we use. This compares to a European Union total of almost 60%.

Benzinga

Zoom Video And 2 Other Stocks Insiders Are Selling

US crude oil futures traded higher, gaining around 1.5% on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Bristol Post

PMQs: Sir Keir Starmer jokes Jacob Rees-Mogg is an 'overgrown prefect'

The North East Somerset MP was the butt of Starmer's jokes as he argues for a windfall tax on oil and gas giants

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