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The Latest Breaking News from Oil

VIDEO: Russian APC Stands No Chance Against Ukrainian Howitzer

Zenger News obtained the footage from the 30th Independent Mechanised Brigade on Sunday, May 1st.

Zenger

India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment

India’s largest-ever public offering has attracted anchor investors, including Norway’s sovereign wealth fund and the Singaporean government, raising ₹56.3 billion ($736 million) ahead of its initial public offering, Bloomberg reports. The 123 anchor investors joining Life Insurance Corp of India’s IPO committed to purchasing shares at ₹949 per share, the top end of…

Benzinga

Is This a Bull Trap?

The stock market is in the midst of a brutal correction. Despite Monday's bounce, investors should remain cautious as there remains a considerable downside risk. Read on to find out how the POWR Growth portfolio continues to outperform the S&P 500 (SPY).

StockNews.com

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BP profits skyrocket amid demands for windfall tax to tackle cost of living

BP has notched up its highest quarterly underlying profits for more than a decade thanks to rocketing oil and gas prices as calls grow for a…

The National (Scotland)

Boris Johnson sounds alert over mortgage payment hikes as cost of living crisis grows

Millions of families have been warned that their mortgages could rise even further if Britain is hit by an inflationary spiral.

Evening Standard

How palm oil prices are affecting the global economy

The prices of cooking oil are rising. Why that could put global security at risk.

WEKU

Russia and the U.S.: Dance of death

Doddering Cold War adversaries are marching toward war: For their decrepit elites, it's literally the last hurrah

Salon

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Local elections 2022: Greens have answers where old parties are failing

This country is in crisis. Inflation sky-rocketing, more and more people having to rely on foodbanks or choose between heating their home and eating, millions of children in poverty. There is a horrific war in Europe, and the climate emergency is only getting more urgent.

Evening Standard

Windfall tax calls intensify as BP reports highest profit in a decade

In a bid to steer off criticism, the oil and gas giant stated it would be paying around £1bn in taxes this year

Insider UK

BP promises to ‘back Britain’ with £18 billion as profits hit highest since 2008

The oil giant made an underlying profit of $6.2 billion in the first three months of the year, far higher than the City was expecting

Evening Standard

Oil Slips on China Demand Worries, While EU Weighs Russia Oil Ban

Oil slipped about 1% on Tuesday as concerns about the demand outlook due to prolonged COVID lockdowns in China outweighed support from a possible European oil embargo on Russia over its actions in Ukraine. Beijing, reporting dozens of new cases daily, is mass-testing residents to avert a lockdown similar to…

Asharq Al-Awsat

First Thing: Supreme court reportedly votes to overturn Roe v Wade

In an unprecedented revelation, a document written by conservative justice Samuel Alito says ‘Roe was egregiously wrong from the start’. Plus, politics front and centre at the Met Gala

The Guardian - UK

Inflation, recession and the 2022 midterms - Roll Call

The current economic issues of inflation and low growth could put Democrats at a disadvantage in the 2022 midterms.

Roll Call

EU prepares oil sanctions against Russia as Hungary resists ban

Slovakia is also seeking an exemption against approving a ban on Russian oil

The Independent UK

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Daily Record

Asda boss issues statement to shoppers as food costs continue to soar

Lord Rose said the government needs to do more to help consumers.

Evening Standard

Best lip plumpers: Products to achieve fuller lips without filler

Perfect your pout

Glasgow Live

Glasgow police on the scene of Clydebank oil protest as activists blockade terminal

Activists are holding a peaceful protest against the current energy crisis that is 'pushing people into poverty' at an oil terminal in Clydebank and are calling for action by the UK Government.

The Independent UK

Johnson acknowledges ‘more that we can do’ to tackle cost-of-living crisis

Prime Minister Boris Johnson warned about the danger of fuelling an inflationary spiral if Government intervention was not carefully controlled.

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news in one place.

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The Independent UK

More than a million Ukrainians taken to Russia in past two months

Around 11,550 people were taken to Russia from Ukraine in the last 24 hours

The Independent UK

Russia sanctions: Mercedes-Benz and L’Oreal join firms severing ties over Ukraine invasion - see full list

Banks, businesses, oligarchs, politicians and military leaders all targeted with harsh economic penalties by Western democracies as punishment for Vladimir Putin’s actions

The Independent UK

Cost of living support ‘isn’t enough’ to help everyone, admits Boris Johnson

Moves made by chancellor won’t ‘work enough in the short term’, concedes PM

ABC News

Russian forces storm Mariupol steel plant where 200 civilians remain, as other attacks devastate towns in eastern Ukraine

Russian troops storm the Azovstal steel plant amid a UN effort to evacuate civilians from the facility, which helped at least 101 people arrive in Zaporizhzhia.

The Guardian - UK

Boris Johnson admits efforts to ease cost of living crisis not enough

PM rejects prospect of windfall tax on oil and gas companies but accepts ‘there is more that we can do’

Daily Record

Just Stop Oil climate activists storm Clydebank terminal in early-morning demo

The group blockaded Nustar Clydebank in West Dunbartonshirein the early hours of Tuesday morning, having arrived at around 4am.

Insider UK

UPDATE: Protesters arrested at Clydebank oil terminal

Just Stop Oil supporters have blocked access to the Nustar facility in West Dunbartonshire

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