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The Latest Breaking News from Oil

Oil Extends Gains as Supply Concerns Trump China Lockdowns

Oil prices rose for a fourth day on Friday as Russian supply disruption fears trumped COVID-19 lockdowns in China, the world's biggest crude importer, that are weighing on demand. Brent crude futures rose 88 cents, or 0.8%, to $108.47 a barrel by 0639 GMT after gaining 2.1% in the previous…

Asharq Al-Awsat

AP News Digest 3:20 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

Govt asks state-run petroleum firms to consider buying Russian oil assets

The call on companies to explore buying the stake in Rosneft came after BP CEO Bernard Looney met Petroleum Minister Hardeep Singh Puri in March

The Hindu

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Asian shares jump as Chinese leaders pledge help for economy

Stocks have advanced after Chinese leaders pledged to step up efforts to support the economy

The Independent UK

‘Deep-sea gold rush’ for rare metals could cause irreversible harm

Mining companies are planning to profit from the new industry, but environmental campaigners warn of disastrous consequences

The Guardian - UK

Top Andhra Pradesh news developments of the day

Key news developments in Andhra Pradesh to watch out for today

The Hindu

Oil depot damaged in Ukraine's Donetsk - report

Ukrainian forces have shelled and damaged an oil depot in the city of Donetsk in the country's east which is held by Russian-backed separatists, the RIA news agency quoted a separatist official as saying on Friday.

Reuters

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Inflation bites hardest in developing world as Ukraine war raises prices

Poorer countries – hampered by Covid debt and aid cuts – are facing hunger and unrest as conflict pushes up the cost of staples

The Guardian - UK

Pakistan has a ‘strategy’ to boost shrinking forex reserves: FM

With barely enough reserves to cover two months of imports, finance minister says it will not be the next Sri Lanka.

Al Jazeera

Inflation spike may tilt odds in favour of early rate hikes

Retail inflation is poised to accelerate from a 13-year high with the government lifting a freeze on some retail fuel prices, boosting the odds for the Bank of Thailand (BoT) to pivot away from its pandemic-era monetary policy accommodation.

Bangkok Post

At S.Korea's fried chicken diners, palm oil squeeze feeds inflation fears

Mr Lee's diner, a cheap-and-cheerful fried chicken shop near central Seoul, has held firm against raising prices for a decade and a half.

Reuters

Musk and Twitter, inflation woes, and a palm oil crisis

We gather the numbers from the week’s biggest economic and business news stories so you can impress your friends.

Al Jazeera

Russia launches new wave of attacks on Kyiv and Ukraine’s east as Biden seeks massive aid package

DNIPRO, Ukraine — Ending days of relative calm in the Ukrainian capital, Russia on Thursday bombarded Kyiv — as the head of the United Nations visited and met with President Volodymyr Zelenskyy — while also ramping up attacks along the besieged country’s eastern front, Ukrainian officials said.

Los Angeles Times

A footy legend said 'heart issues and Bell's palsy has gone through the roof since the boosters'. Is he correct?

Despite what AFL legend Matthew Lloyd has claimed, there is no evidence to suggest heart issues "have gone through the roof" as a result of COVID-19 vaccines.

ABC News

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Los Angeles Times

California accuses Exxon Mobil of deceiving public, perpetuating ‘myth’ of plastics recycling

LOS ANGELES — California’s attorney general has announced a first-of-its kind investigation into the fossil fuel and petrochemical industries for their alleged role in causing and exacerbating a global crisis in plastic waste pollution.

Bangkok Post

Jurin simmers down noodle price furore

Commerce Minister Jurin Laksanawisit reiterated that the ministry has not approved a hike in prices in 18 categories of key consumer goods, including instant noodles.

Bangkok Post

The global methane imperative

One of the most important achievements of last year's United Nations Climate Change Conference (COP26) in Glasgow was the Global Methane Pledge, a commitment by more than 100 countries to cut methane emissions by 30% by 2030. Reducing methane emissions is not only among the quickest and most effective ways…

Reuters

Ecuador Energy Minister Juan Carlos Bermeo resigns

Ecuador's Energy Minister Juan Carlos Bermeo resigned on Thursday, saying he had "completed a cycle," just as the country begins the process of renegotiating oil block contracts with private companies.

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StockNews.com

4 Commodity Stocks That Wall Street Loves

Growing supply disruptions due to the Russia-Ukraine war and COVID-19 lockdowns in China have propelled commodities prices sky high of late. That is why Wall Street analysts expect the stocks of fundamentally-sound commodity companies W&T Offshore (WTI), TransGlobe Energy (TGA), Weatherford International (WFRD), and Vale (VALE) to deliver solid returns…

Los Angeles Times

Russia threatens more Europe energy cutoffs as it batters Ukraine’s east

DNIPRO, Ukraine — As Russia ramped up attacks on Ukraine’s eastern front and threatened to cut off energy to more European countries, the Biden administration announced Thursday it was seeking a massive aid package for Ukraine while expanding its economic targeting of Russian oligarchs.

The Independent UK

Democrats pitch boosting FTC to curb gas price gouging

Democratic leaders have announced an effort to give the Federal Trade Commission increased authority to crack down on oil and gas companies that engage in price gouging

Asharq Al-Awsat

Putin Gas Cutoff Shakes up Europe at Little Cost to Kremlin

Cutting off natural gas to Poland and Bulgaria cost Russian President Vladimir Putin very little - but it is adding stress on European countries wrestling over how to reduce energy imports that are feeding the Kremlin's war chest and how to keep a united front on the war in Ukraine.…

Salon

Chef Romel Bruno's Doritos furikake

You're going to want to make Bruno's take on a traditional Japanese seasoning with a twist

The Guardian - UK

Sunak would do well to retain option of windfall tax on oil and gas profits

Firms’ bleating would fade if sum is as little as £3bn, as models suggest, and levy is applied only rarely

The Hindu

Some States indulging in fuel tax ‘hypocrisy’: Oil Minister

They like to criticise, not help people, says Hardeep Puri

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