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The Latest Breaking News from Oil

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

The Independent UK

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.

Benzinga

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

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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

The Guardian - UK

Should You Invest in the Tobacco Industry?

Despite many perceiving the tobacco industry as detrimental to society, most tobacco companies are investor favorites due to their extraordinary returns. Apart from their market-beating returns, these stocks are well known for their high dividend yields. Given an inelastic demand for products and high dividend payouts, this defensive industry looks…

StockNews.com

Petrol to escape Rs 2 green tax from October on 10% ethanol blending

NEW DELHI: India has achieved nearly 10% ethanol blending of petrol months ahead of the target, a move that will spare consumers an additional Rs 2 per litre tax from October.

The Times of India

Oil firms collect £22bn in profits as fuel and energy bills soar

BP, Shell and Exxon among firms reporting big rises in revenues, while Britsh Gas and SSE have boosted their earnings expectations

The Independent UK

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Boris Johnson urged to bring forward emergency cost of living Budget

The Prime Minister was criticised after the Queen's Speech failed to provide any relief for families.

Chronicle Live

The Tories are going all out to shut down protest. Just Stop Oil activists like me will not be deterred

We do what we do because it is right, not because it is legal. The Queen’s speech has only strengthened our resolve

The Guardian - UK

Ukraine's Zelenskiy tells Malta to clamp down on Russian dual-nationals

Ukrainian President Volodymyr Zelenskiy urged Malta on Tuesday to stop Russians from abusing passports handed out as part of a lucrative citizenship scheme, and to prevent its ships from transporting Russian oil.

Reuters

As gas prices hit record, here's how to get better mileage

The dollars-and-cents counter on the gas pump seems to be spinning faster these days with U.S. gasoline prices hitting another record high on Tuesday

The Independent UK

Boris Johnson urged to bring forward emergency Budget amid cost of living crisis

The Prime Minister was criticised after the Queen's Speech failed to provide any relief for families

Manchester Evening News

Ukraine's Zelenskiy says sixth package of EU sanctions against Russia needed

Ukrainian President Volodymyr Zelenskiy said on Tuesday the European Union's planned sixth package of sanctions against Russia, including an oil embargo, was needed as the bloc's proposals still faced talks.

Reuters

Starmer: Queen’s Speech latest part of PM’s ‘pathetic’ cost-of-living response

The Labour leader, who faced jibes in the Commons over the so-called Beergate affair, said the Government is ‘out of energy’.

The Independent UK

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The Independent UK

EXPLAINER: What caused Sri Lanka's economic collapse?

The South Asian nation of Sri Lanka is experiencing an unprecedented economic collapse that has pushed the government into a deep crisis

Daily Mirror

Chaos as Boris Johnson hints at emergency cost of living help 'in the days to come'

Prime Minister Boris Johnson told MPs he and Rishi Sunak would be "saying more" about struggling Brits' rising bills - but Treasury sources immediately distanced the Chancellor from the move

Al Jazeera

Ukraine war speeds Greece’s transition to EU energy gateway

As Europe attempts to abandon Russian energy, Greece is becoming a gateway for LNG because it is surrounded by sea.

The Guardian - UK

‘Criminalising our right to protest’: green groups’ anger over public order bill

Measures in Queen’s speech would have outlawed protests that won votes for women and legalisation of unions, say critics

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news in one place.

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Axios

Gas prices hit new all-time high

The new record comes as high inflation puts pressure on the Biden administration to help consumers.

Benzinga

3 Stocks Under $5 Insiders Are Aggressively Buying

US crude oil futures traded lower on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading…

The Independent UK

EXPLAINER: Why is Hungary blocking sanctions on Russian oil?

The European Union wants to impose a new round of sanctions against Russia over its war in Ukraine, but Hungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc’s 27 member nations

The Independent UK

This nutty, herby vegetarian pasta is spring in a bowl

Tieghan Gerard’s spring pasta still has a cosy, comforting vibe, but with asparagus, leeks and lots of fresh basil, says Joe Yonan

Reuters

U.N. seeks $144 million to offload decaying Yemen oil tanker

The United Nations will launch a $144 million appeal on Wednesday for an operation to offload a million barrels of crude oil from a tanker stranded off the coast of war-torn Yemen for years which threatens a major environmental disaster.

Nottingham Post

Tesco boss reveals heart-breaking request from customers as staff scan shopping

The revelation comes as households continue to feel the financial squeeze

The Conversation

6 months after the climate summit, where to find progress on climate change in a more dangerous and divided world

Six months ago, negotiators at the United Nations’ Glasgow climate summit celebrated a series of new commitments to lower global greenhouse gas emissions and build resilience to the impacts of climate change. Analysts concluded that the new promises, including phasing out coal, would bend the global warming trajectory, though still…

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