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The Latest Breaking News from Oil

Jordan Lays Out 10-Year Blueprint to Revive Economy

Jordan unveiled on Monday a major development strategy for the Middle Eastern country up to the next 10 years targeting doubling its growth to help it rejuvenate an economy hit by regional turmoil. The plan was a major plank of reforms pushed by King Abdullah since last year to help…

Asharq Al-Awsat

Gun crime victims are holding the firearms industry accountable – by taking them to court

Following the strategy used in legal actions against cigarette and opioid firms, the lawsuits attempt to sidestep a law shielding gun makers

The Guardian - US

Gasohol users get a financial lifeline

The Oil Fuel Fund Office (Offo) has agreed to help gasohol users for the first time by reducing their contributions to the fund amid soaring fuel prices, as well as limiting the diesel price increase by one baht, to 33.94 baht a litre from Tuesday, to better manage the fund's…

Bangkok Post

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4 Top Momentum Stocks to Buy in June

Recently, the stock market has witnessed significant volatility due to several macroeconomic and geopolitical headwinds. Despite the highly uncertain market conditions, some stocks have gained strong momentum due to their strong fundamentals and growth prospects. As the market headwinds are expected to continue in the near term, it could be…

StockNews.com

In 10 states, a gallon of gas now costs more than $5

Consumers are paying more around the country. No state's average is below $4.28, according to AAA. But in California, drivers are paying $2 more than that amount.

WEKU

5 Energy Stocks to Buy This Summer to Combat Scorching Inflation

The inflation report expected this week is expected to be on par with the previous month, reporting near 40-year-high inflation. Historically, the energy sector has outperformed inflation, and so might be an ideal investment option to hedge against current inflationary pressures. Hence, we think the stocks of energy companies Energy…

StockNews.com

This Important Energy ETF May Be About to Break Out

If the price of oil keeps moving higher, there’s a good chance that shares of the VanEck Oil Services ETF (NYSE: OIH) break out and move higher as well. It is designed to track the overall performance of U.S. listed companies that are involved in providing services to the upstream…

Benzinga

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Sunak’s tax breaks could lead to more than £8bn of North Sea energy projects

Analysts’ forecast comes as campaigners warn windfall tax package could harm climate efforts

The Guardian - UK

Third of cash raised by Rishi Sunak’s windfall levy ‘could be handed back to oil and gas firms’ in tax breaks

Shadow chancellor Rachel Reeves said the government had created a ‘tax giveaway for oil and gas producers’ that undermines the windfall levy

The Independent UK

Busy road forced to shut after 'large quantity' of 'cooking oil' spilt

The main road was shut when emergency services were called to the spillage

Liverpool Echo

Cancer spread could be increased by consuming palm oil, warns research

Cancer remains one of the deadliest diseases in the modern world with a variety of different types. Lifestyle factors, environmental toxins and certain foods could be linked to the major rise of cancer cases, warn experts

Daily Mirror

Is Vermilion Energy a Smart Oil & Gas Stock to Invest In?

Renowned Canada-based oil and gas company Vermilion Energy (VET) reported impressive first-quarter financials. The price of VET’s shares has gained in percentage double digits so far this year, outperforming the broader markets, thanks to soaring energy prices. However, given surging market volatility, will VET be able to maintain its upward…

StockNews.com

Up More Than 75% YTD, is TORM Stock Still a Buy?

Shares of midstream oil & gas company TORM (TRMD) have benefited thanks to rising freight costs since the onset of the COVID-19 pandemic. However, given the company’s lower-than-industry profitability and its stock’s stretched valuation, would it be wise to invest in the stock now? Read on to learn our view.

StockNews.com

PharmaCielo Ships CBD Full Spectrum Oil To A Brazilian Pharmaceutical Company

PharmaCielo Ltd. (OTCQX: PCLOF) (TSXV:PCLO) the Canadian parent of Colombia's premier cultivator and producer of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., shipped an initial shipment of a CBD full spectrum extract with THC content

Benzinga

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Reason

Slippery Slope Counterarguments in History: Justice Holmes

From Justice Holmes' dissent in Panhandle Oil Co. v. Knox (1928), an argument that the Court shouldn't worry too much about slippery slope concerns: [C]ertain dicta of Chief Justice Marshall [about prohibitions on certain forms of taxation] … were founded upon his often quoted proposition that the power to tax…

The Independent UK

Five fast and bright recipes to deliver some happiness

These recipes won’t make all the wrong things right, but they’ll certainly help, says Emily Weinstein

Tribune News Service

Commentary: Sanctions fatigue is next obstacle in confronting Putin

The momentum behind Western sanctions against Vladimir Putin is flagging. Even as the European Union toasts its toughest restrictions yet against the Russian war machine — including a partial ban on oil imports — concessions are mounting, from exempting pipeline crude to removing Putin’s favorite cleric from the sanctions list.

The Times of India

India in talks to increase Russian oil imports from Rosneft

NEW DELHI: India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily discounted supplies from Rosneft PJSC as international players turn down dealings with Moscow over its invasion of Ukraine.

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The Times of India

Sensex slips 94 points; Nifty falls to 16,569 level

MUMBAI: Markets continued to fall on Monday, with the sensex declining 94 points as investors remained cautious amid unabated selling by foreign funds and elevated crude oil prices ahead of the RBI's policy decision later this week.

Insider UK

Testing begins for new tool to reduce oil and gas decommissioning costs

Scottish Enterprise backing of £84,000 has helped an Aboyne-based business take the next step

The Guardian - UK

Rachel Roddy’s recipe for pissadella

During the pandemic, isolated from friends, I fantasised about the parties I couldn’t throw, and the hypothetical food I would serve. This was top of the list

Tribune News Service

Gretchen's table: A fresh tomato pesto pasta with a wee bit of a kick

Summer calls for dishes that don't require a lot of prep, hinge on seasonal produce and can be served either chilled or at room temperature, depending on the temperature of where you'll be eating it.

Los Angeles Times

How to master that knack for simple yet revelatory cooking

In his first cookbook, Andy Baraghani instructs cooks on how to trust their instincts.

Bangkok Post

Diesel price rise on Tuesday, levy cut for gasohol

The board of the Oil Fuel Fund Office agreed on Tuesday to increase the cap on the retail price of standard diesel by one baht to 34 baht per litre from Tuesday.

Evening Standard

FTSE 100 Live: Traders upbeat as blue-chip shares surge, oil above $120 a barrel

Traders returning after the long weekend were in upbeat mood today as the FTSE 100 index rallied more than 1%.

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