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The Latest Breaking News from Oil

EU Energy Ministers Meet to Discuss Russian Gas, Sanctions

European Union energy ministers will meet Monday to discuss Russia’s decision to cut gas supplies to Bulgaria and Poland, and debate planned new sanctions over Moscow’s war on Ukraine. The 27 nation-bloc has imposed five rounds of sanctions on Russian officials, oligarchs, banks, companies and other organizations since Russian troops…

Asharq Al-Awsat

EU may offer Hungary, Slovakia exemptions from Russian oil embargo

The European Commission may spare Hungary and Slovakia from an embargo on buying Russian oil, now under preparation, wary of how dependent the two countries are on Russian crude, two EU officials said on Monday.

Reuters

Saudis feel 'let down' by U.S. over Houthi security threats, says senior royal

Saudi Arabia feels "let down" by the United States in tackling security threats to the kingdom and wider region by Yemen's Iran-aligned Houthi movement, a senior member of the Saudi royal family and former intelligence chief said.

Reuters

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India’s neutrality on Ukraine tops agenda as Modi heads to Europe

Indian Prime Minister Narendra Modi headed to Europe on Monday with New Delhi's refusal to condemn Russia's invasion of Ukraine set to be a key talking point in meetings with regional leaders.

France 24

Nine ways to save hundreds on your food shop as Asda boss warns of more price rises

Wheat and oil prices have already been affected by the war in Ukraine while analysts have predicted inflation could have hit more than 8 per cent in April due to the impact of higher energy bills

Daily Mirror

The Russia-Ukraine war is making Indians poorer and hungrier

Falling earnings dented by inflation which has been exacerbated by the war is hurting household diets.

Al Jazeera

Shameless murderer Chris Watts tried to blame mistress for killing his two daughters

Chris Watts pleaded guilty to the murder of his pregnant wife Shanann, 34, and daughters four-year-old Bella and three-year-old Celeste in Frederick, Colorado, in 2018

Daily Mirror

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Saudi Arabia, Pakistan Discuss Boosting Relations, Development

Saudi Arabia affirmed its continuous support for Pakistan and its economy and increasing investment cooperation with Islamabad. Saudi Crown Prince Mohammed bin Salman received Pakistani Prime Minister Mohammad Shehbaz Sharif in Jeddah. During the visit, the two sides exchanged views on issues of mutual concern at the regional and international…

Asharq Al-Awsat

Europe scrambles for long-term fix after Putin cuts off gas

European energy providers open Russian rouble accounts for gas, challenging bloc’s united front against Moscow.

Al Jazeera

Missile Attack Causes Tank Fire in Oil Refinery in Iraq’s Erbil

A missile attack targeted an oil refinery in Iraq's northern city of Erbil on Sunday causing a fire in one of its main tanks that was later brought under control, the Iraqi security forces said in a statement. A missile also landed in the outer fence of the refinery without…

Asharq Al-Awsat

Ukraine to Evacuate More Civilians from Besieged Mariupol

Ukrainian authorities are planning to evacuate more civilians from Mariupol on Monday, after dozens were finally brought to safety following weeks trapped under heavy fire in the strategic port city's Azovstal steel complex. The plant has endured a Russian blockade since Moscow's invasion on February 24, with stories of the…

Asharq Al-Awsat

Oil Falls on China Growth Concerns Even as EU Weighs Russia Import Ban

Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about slowing economic growth in China, the world's top oil importer, outweighed fears of potential supply disruptions from a looming European Union ban on Russian crude. Brent crude futures fell $1.21, or 1.1%, to $105.93 a barrel at…

Asharq Al-Awsat

Civilians attempt evacuation from Ukraine’s besieged Mariupol

Ukrainian authorities attempted further evacuations from Mariupol on Monday, following an initial operation to remove around 100 civilians from the besieged Azovstal steel plant. Meanwhile, in Brussels, EU energy ministers held emergency talks as the bloc considers a phasing out of Russian oil imports. Read about the day’s events as…

France 24

The global stagflation shock of 2022: How bad could it get?

The double blow of pandemic and war has caused inflation to surge and growth to slow around the world. But experts do not expect a return to the 1970s

Financial Times

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The Conversation

Polls show a jump in the Greens vote – but its real path to power lies in reconciling with Labor

A major poll published yesterday suggests the Greens are set to grow as a political force at this month’s election, showing its primary vote has risen markedly from 10% in 2019 to a current high of 15%.

The Independent UK

Muslims mark Eid al-Fitr holiday with joy, worry

Muslims are observing the Islamic holiday of Eid al-Fitr, typically marked with communal prayers, celebratory gatherings around festive meals and new clothes

Tribune News Service

Hungary would veto EU sanctions on Russian Energy, minister says

Hungary would veto any European proposal that leads to the restriction of energy imports from Russia, according to a senior minister in Prime Minister Viktor Orban’s government.

ABC News

What do we know about the $450m superyacht linked to a Russian oligarch that's been seized in Fiji?

Fiji and the United States are embroiled in a court case over a superyacht allegedly belonging to a sanctioned Russian oligarch. The fate of the luxury vessel is expected to be handed down tomorrow.

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Bangkok Post

War in Ukraine: Latest developments

KYIV: Here are the latest developments in the war in Ukraine:

Al Jazeera

Russia-Ukraine latest updates: Germany ‘ready’ to ban Russian oil

Ukraine news from May 2: Economy minister says Berlin could back embargo, as EU energy ministers debate fresh sanctions.

Bangkok Post

Ministry not ruling out excise tax cut extension

The Finance Ministry has not eliminated the possibility of extending the period set for the reduction of the diesel excise tax, says a ministry source who requested anonymity.

Tribune News Service

Powell’s Fed set to go big and keep going until inflation tamed

Jerome Powell doesn’t like to bless bets in financial markets, but he could shift the needle this week on how high investors expect the Federal Reserve to raise interest rates to cool overheated prices.

Bangkok Post

Diesel users run into reality check

The government's decision to reduce financial pressure on its coffers by allowing the price of diesel to gradually increase starting from this month -- having been capped since October 2021 -- will result in households and businesses experiencing a harsh economic reality.

Daily Mirror

Katie Price blasted for promoting hair thickening product as she wears extensions

Former glamour model Katie Price usually wears hair extensions but took to Instagram to promote hair thickening oil

Salon

It's almost too easy to make onion rings

You probably have an onion rattling around in your kitchen right now. What more glorious fate could you give it?

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