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The Latest Breaking News from Oil

‘Straw owner’ hides $1 billion worth of Russian yachts, US says

In the race to seize assets tied to sanctioned Russian billionaires, U.S. authorities are alleging that a Russian tycoon acted as the “straw owner” of two yachts worth more than $1 billion, including the $700 million Scheherazade, a superyacht linked to Russian President Vladimir Putin.

Tribune News Service

Sheikh Mohammed bin Zayed al-Nahyan elected United Arab Emirates President

Sheikh Mohammed bin Zayed al-Nahyan is officially appointed the new leader of the United Arab Emirates, succeeding his half-brother and former president Sheikh Khalifa bin Zayed Al Nayhan, who died on Friday.

ABC News

$230M settlement reached over 2015 California oil spill

The owner of an oil pipeline that spewed thousands of barrels of crude oil onto Southern California beaches in 2015 has agreed to pay $230 million to settle a class-action lawsuit brought by fishermen and property owners

The Independent UK

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India bans wheat exports as food security comes under threat

India prohibited wheat exports that the world was counting on to alleviate supply constraints sparked by the war in Ukraine, saying that the food security of the nation is under threat.

Tribune News Service

How climate change is triggering a global collapse in insect numbers

A growing number of reports are suggesting insect numbers are in steep decline. Tim Newbold and Charlie Outhwaite explain why this is of urgent concern

The Independent UK

One killed as price protests continue in Iran

Protests over soaring food prices continued in several cities in Iran on Saturday, according to postings on social media, while an Iranian lawmaker told local media one person was killed in a demonstration in the southwest.

Reuters

UAE prince who reshaped region named ruler of oil-rich power

Sheikh Mohammed bin Zayed Al Nahyan, the man who has long controlled the levers of power in the United Arab Emirates, has succeeded his late brother as ruler.

Tribune News Service

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Queen's Jubilee cake recipes you can make at home during your own royal bake-off

Baker Juliet Sear has created recipes for sausage rolls, royal trifle, red, white and blue buttercream cookies and a Union Jack cake - why not try them at home?

Daily Mirror

Do Cannabis Suppositories Really Work Better Than Other Forms Of Weed?

This article was originally published on Cannabis.net and appears here with permission. Do you know you can take cannabis in through your back door? Hold up on the judgment!

Benzinga

Colts to host Lions for joint training camp practices

The Lions will be visiting for joint practices during training camp.

USA Today Sports Media Group

Get ready for oil palm cultivation: Harish

Minister urges farmers

The Hindu

Hungary's new president condemns Putin's 'aggression', plans trip to Warsaw

Hungary's President Katalin Novak at her inauguration ceremony on Saturday condemned Russia's invasion of Ukraine and said her first trip would take her to Poland, in an apparent gesture to mend relations with Warsaw.

Reuters

Venezuela plans stock sale of state-owned companies

In a break from its socialist model, Venezuela’s government plans to open for private investment a number of state-owned companies in vital sectors as it seeks to address a need for capital for severely underinvested businesses

The Independent UK

West must not lift sanctions on Maduro, says Venezuelan opposition

Helping president would hand victory to autocratic alliance led by Russia, warns deputy foreign minister

The Guardian - UK

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Daily Mirror

Inside deserted farmhouse frozen in time for 60 years with haunting pictures on walls

Urban explorer photographed chaotic and sad scenes inside Herefordshire village home abandoned by owners at least 40 years ago

WEKU

The U.S. pledged billions to fight climate change. Then came the Ukraine war

The U.S. promised to slash its emissions and send tens of billions of dollars to low-lying and less well-off nations. The war in Ukraine is delaying that even as the toll from climate change rises.

Daily Mirror

Prince Charles fuels his 50-year-old Aston Martin with cheese and wine

The Prince of Wales has spoken out about how important it is that we protect the environment and has even taken several of his own steps to ensure this happens.

Reuters

UAE's newly elected ruler sees Iran, Islamists as threat to Gulf safe haven

United Arab Emirates strongman Sheikh Mohammed bin Zayed al-Nahyan, who was formally elected president on Saturday, led a realignment of the Middle East that created a new anti-Iran axis with Israel and fought a rising tide of political Islam in the region.

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Al Jazeera

Sheikh Mohamed bin Zayed Al Nahyan elected UAE president

Sheikh Mohamed bin Zayed Al Nahyan was elected by the Federal Supreme Council, the state-run WAM news agency says.

McClatchy Washington Bureau

How US sanctions against Russia work

WASHINGTON — Since Russia invaded Ukraine on Feb. 24, the United States and its allies have enacted the harshest sanctions ever imposed on a major power, targeting Moscow’s largest financial institutions as well as foreign reserves, its primary exports, its richest citizens and top government officials.

Wales Online

UK Government warns developing nuclear project may add to energy bills

During his visit to north Wales on Thursday, Kwasi Kwarteng said that during the early stages of building a reactor it would "add at most a few pounds a year to a typical household", but in the longer term it would provide us with "cheaper power"

The Conversation

Kenya's fuel crisis: how the country's subsidy system works

Oil is an essential commodity for Kenya’s transport and industrial production, electricity generation and water provision. In 2008, as the world grappled with high oil prices, Kenya introduced price controls to cushion the blow for its citizens. The controls worked for over 10 years. But, since the start of April,…

Manchester Evening News

We test out these top lip balms to save our lips this summer

We all carry around a lip balm at some point in the bottom of our hand bags don't we, but are they doing us any favours?

The Guardian - UK

From soup with a pickle salad to deep-fried sesame-coated bites: Ravinder Bhogal’s cucumber recipes

Usher in summer with a cool, and refreshing cucumber soup with a crunchy garnish, and fried sesame cucumbers with a spicy dipping sauce

The Guardian - UK

Meal of a lifetime: what to eat at every age

From training toddlers to socialising septuagenarians – here are the ideal ingredients to eat healthily at every stage of life

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