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The Latest Breaking News from Oil

French minister Beaune: EU deal on Russian oil ban could be reached this week

French European Affairs Minister Clement Beaune said European Union members could reach a deal this week on the EU Commission's proposal to ban all oil imports from Russia.

Reuters

Tesco chairman calls for energy windfall tax; Markets rebound after ‘everything rout’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Asian stocks follow Wall St down on rate hike, economy fears

Asian stocks have followed Wall Street lower as fears increased that U.S. rate hikes to fight inflation might stall economic growth

The Independent UK

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Russia Shells Ukraine's Odessa as US Pledges Fresh Arms for Kyiv

Russian forces intensified their fight in Ukraine's east and fired missiles over the port city of Odessa, as President Joe Biden signed a law speeding up arms deliveries to Kyiv. The southern city was hit by a series of missiles Monday, destroying buildings, setting ablaze a shopping center and killing…

Asharq Al-Awsat

Menu planner: Get a taste of merry old England with Toad-in-the-hole

Thinking ahead to your next few meals? Here are some main dishes and sides to try.

Chicago Sun-Times

‘I don’t want to be a little Englander’ – Cornelia Parker on BP, bombs and becoming a German

She is a politically charged artist whose work can be literally explosive. Ahead of a huge show, Parker talks about ‘cartoon violence’, recreating a corridor in Parliament – and why she may apply for German citizenship

The Guardian - UK

A Derm Shares What To Do If You’re Breaking Out Without Warning Bc Acne Is The Pits

If you’ve found yourself with skin that’s more zit-tastic than fantastic, never fear. We spoke with dermatologist, Dr. Leona Yip to get some solid answers about our old friend, acne.

Pedestrian.tv

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Ask the experts: what’s the future of Australia’s EV landscape?

Electric vehicles will become the norm in Australia, but when? Our panel of experts discusses what the future of driving looks like.

The Guardian - AU

Pelosi: Buying Russian oil funds invasion of Ukraine

U.S. House Speaker Nancy Pelosi says Russia’s invasion of Ukraine has made energy independence more important than ever during a climate conference in South Florida

The Independent UK

Esper: Trump’s White House discussed blockade of Cuba and military action in Venezuela

Former Defense Secretary Mark Esper said he prevented “dangerous things” from happening during the time President Donald Trump was in office, including military intervention in Venezuela and a blockade of Cuba.

Miami Herald

Oil Fuel Fund set to borrow billions

The Oil Fuel Fund is expected to finish negotiations with banks this month as it looks to borrow heavily to boost its liquidity, says the Finance Ministry's deputy permanent secretary Theeraj Athanavanich.

Bangkok Post

Australian share market suffers $25 billion loss as 'war, inflation, rate hikes' hit global markets

The Australian share market loses almost $25 billion as it follows Wall Street's dive on concerns about looming rate hikes causing a global economic slowdown.

ABC News

Diesel to be capped at B32 per litre

The retail price of diesel in Greater Bangkok will remain capped at 32 baht per litre, as the government has tried to continue its energy subsidy measures to help alleviate people's hardship and reduce their cost of living.

Bangkok Post

From traditional elements to the contemporary

Renowned Chinese contemporary artist Wu Yi reflects his inner inspiration mixed with daily realities through art during "Diary Of Inner Inspiration" at Tang Contemporary Art, until June 11.

Bangkok Post

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The Independent UK

Iran’s president says oil exports have doubled since August

Iran’s president says the country is exporting twice as much oil as when he took office in August, despite heavy sanctions on oil exports imposed by the U.S. Ebrahim Raisi made the claim in a live interview on state-run TV on Monday night without elaborating, including on the amount of…

Benzinga

What's Going On With CGX, Frontera Energy Shares Today

CGX Energy Inc. (TSXV:OYL) (OTC:CGXEF) and Frontera Energy Corp (TSX:FEC) (OTC:FECCF) have successfully discovered light oil in the Santonian and Coniacian and gas condensate in the Maastrichtian and Campanian at the Kawa-1 exploration well, offshore Guyana. The JV encountered hydrocarbons in multiple zones extending from 4,638 metres in the Maastrichtian to 6,568 metres in the…

Benzinga

That '70s Show: Wall Street's Most Accurate Analyst Sees A '70s-Style Oil Spike And Tech Wreck. How We're Positioned For It

The 1970s Bear Market Analog On Saturday, ZeroHedge reported that Wall Street's most accurate analyst, Bank of America's chief investment strategist Michael Hartnett, sees a strong parallel between our current market environment and the bear market that occurred during the 1970s:

The Hindu

Letters to the Editor — May 10, 2022

Negotiate peace

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Benzinga

Mid-Afternoon Market Update: Crude Oil Down 6%; Palantir Technologies Shares Slide

U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping more than 400 points on Monday.

Reuters

EU's von der Leyen sees progress in talks with Hungary on Russian oil ban

European Commission President Ursula von der Leyen said on Monday she had made progress in talks with Hungarian Prime Minister Viktor Orban on a possible EU-wide ban on Russian fossil fuels.

The Guardian - AU

Never scrub a sequin! How to care for special occasion clothes

Beading, tulle, lace, and pleats: occasion wear can be difficult to clean and mend but there are tips to make it easier on you – and your dry cleaner

The Times of India

Rupee slumps to all-time low of 77.44 on forex outflows, rising US yields

MUMBAI: Extending its losses for a second day, the rupee on Monday slumped by 54 paise to close at a record low of 77.44 against the US dollar, pressured by the strength of the American currency overseas and unabated foreign fund outflows.

Asharq Al-Awsat

French Court Shortens Jail Sentence for Ex-PM Fillon

A French appeals court on Monday upheld former Prime Minister Francois Fillon's conviction for embezzling public funds, but cut a year off his prison term. Fillon was sentenced in 2020 to five years in jail, three of them suspended, for paying his wife about 1 million euros of public money…

The Times of India

RBI intervenes to defend rupee, ready to do more

NEW DELHI: The Reserve Bank of India (RBI) is intervening in all foreign-exchange markets and will continue to do so to protect the rupee that slid to a record low Monday, said a person familiar with the matter.

Evening Standard

World Martini Day: the best in London, from Dukes Bar to Egerton House

Tyler Zielinski and Mike Daw on the capital’s bartender pushing the boundaries of the cocktail — with a few classics to boot

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