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The Latest Breaking News from Oil

Exxon doubles down on ‘advanced recycling’ claims that yield few results

The petroleum company is under investigation for misleading the public while exacerbating the global plastic pollution crisis

The Guardian - US

Lorraine Kelly mocks Richard Madeley as she makes Alan Partridge dig

Richard Madeley is frequently compared to Coogan's blundering and ridiculous character Alan Partridge over his cringey interviewing gaffes on Good Morning Britain

Daily Mirror

Saudi, UAE Ministers Warn against Capacity Decreasing in All Energy Sectors

The energy ministers of Saudi Arabia and the United Arab Emirates warned that spare capacity is decreasing in all energy sectors as producers slash investment, causing everything from crude to diesel and natural gas to trade at or near record highs. “I have a lot of experience, but I've never…

Asharq Al-Awsat

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Ukraine says it will block Russian gas supply to Europe

Kyiv has blamed Russian ‘occupying forces’ for suspending the gas supply

The Independent UK

First gas confirmed at Tolmount as significant new North Sea supply emerges at critical time

Harbour Energy estimates upwards of five per cent increase to UK production

Birmingham Post

Asian stocks mixed, China gains ahead of US price data

Shares are mixed in Asia with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street

The Independent UK

Ukraine’s ‘hero river’ helped save Kyiv. But what now for its newly restored wetlands?

Kyiv repelled Russian forces by opening a Soviet-era dam on the Irpin River. Now, ecologists hope Ukraine’s newest wetlands can survive, or even thrive, after the war

The Guardian - UK

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Coldplay labelled ‘useful idiots for greenwashing’ after deal with oil company

The Transport and Environment campaign group says Neste is cynically using the band

The Guardian - UK

Draghi urges Biden to foster long-term peace plan for Ukraine

Italian Prime Minister Mario Draghi said allies should start work on negotiations toward a long-lasting peace process in Ukraine, even as they continue to sanction Russia over its invasion of the country.

Tribune News Service

Targeting long-term inclusive growth with OR

Sensing business opportunities and following several successful partnerships with S-Curve startups, PTT Oil and Retail Business (OR), adopts a new “Outside-In” strategy seeking more partners with which to spark long-term inclusive growth.

Bangkok Post

California lays out plan to drastically cut fossil fuel use

California air regulators said Tuesday the state should cut petroleum use by 91% by 2045 in order to achieve ambitious climate change goals

The Independent UK

‘How many more months should we suffer?’: Indonesians struggle with pricey cooking oil

Indonesia’s ban on cooking oil exports has failed to address supply shortages and lower prices of the key ingredient

The Guardian - AU

State to let some prices rise, minister concedes

Commerce Minister Jurin Laksanawisit has admitted that certain products will be allowed to increase their prices because of higher oil costs, which directly affect production costs and transport fees.

Bangkok Post

Sentiment down 4 months in a row

Consumer sentiment plunged for the fourth straight month in April, hitting the lowest level in eight months, as consumers remained concerned about rising costs of living and high oil prices caused by the impact of Russia's invasion of Ukraine.

Bangkok Post

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Chicago Sun-Times

Hummus enjoys a sweet potato makeover

Hummus is wonderfully accommodating to embellishment and bling, such as the addition of pureed root vegetables and tubers, including beets, carrots or sweet potatoes.

Chicago Sun-Times

Pasta alla Norma a classic, timeless Italian dish

While the ingredients technically qualify it as a late summer dish, it can be prepared year-round, which is good news for us.

Bangkok Post

State urged to review methyl ester plan

The Thai Biodiesel Producer Association (TBPA) is calling on the government to reconsider its plan to further reduce the rate of palm oil-derived methyl ester blended in diesel to avoid a greater impact on the biodiesel industry, as capacity utilisation stands at only 30%.

The Conversation

Australia could rapidly shift to clean transport – if we had a strategy. So we put this plan together

Australia has no clear strategy to decarbonise transport. That’s a problem, because without a plan, our take-up of clean technologies like electric cars, trucks and buses is slow. It’s stopping us from meeting our climate commitments. And it leaves us paying exorbitant prices for imported oil at the fuel pump,…

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news in one place.

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Tribune News Service

Oil sheds almost 10% in two days to drop below $100 a barrel

Oil continued its retreat into a second session as galloping US inflation fueled concerns it would force moves that risk pushing the economy into a recession.

The Independent UK

Court hearing: Did Biden legally suspend oil lease sales?

A federal attorney says President Joe Biden legally called for suspending new and gas lease sales while considering their effect on climate change, and onshore and offshore sales were legally postponed

Benzinga

Fake Cannabis Vapes: How To Tell If Your Weed Vape Cartridge Is Safe Or Counterfeit?

By WeedMaps News' Tyler Koslow, provided exclusively to Benzinga Cannabis.

The Independent UK

Drivers bemoan high gasoline prices with no relief in sight

Just as Americans gear up for summer road trips, the price of oil remains stubbornly high, pushing prices at the gas pump to painful heights

Benzinga

Mid-Afternoon Market Update: Nasdaq Jumps Over 200 Points; Crude Oil Down 3%

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Tuesday.

The Guardian - UK

Windfall tax on North Sea oil and gas could raise £2bn, says Labour

Forecast outstrips previous estimate as booming profits for energy firms would net more cash for struggling UK households

The Guardian - UK

A North Sea oil windfall tax won’t raise much but every little bit helps

Tesco’s boss says oil producers are unfazed by a one-off levy to help households pay energy bills

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