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The Latest Breaking News from Oil

All about the windfall tax on gas and oil producers and how it will work

The new Energy Profits Levy will go towards supporting people struggling with the increased cost of living.

Birmingham Post

Labour attack SNP as Rishi Sunak unveils partygate cover-up measures

THE SNP have been accused of making a U-turn on a windfall tax on energy companies making record profits after one was announced today.

The National (Scotland)

Meta And 3 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

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Three key measures announced by Rishi Sunak to help ease cost of living crisis

Chancellor Rishi Sunak has announced a new wave of fiscal measures to day to help the government tackle the soaring cost of living plaguing millions of households all across the UK

Manchester Evening News

Rishi Sunak announces North Sea oil and gas windfall tax

The temporary 25% tax on profits should raise around £5bn of revenue over the next year

Insider UK

Seven Vladimir Putin-linked oligarchs who've mysteriously died amid Ukraine war

Billionaire oligarch Alexander Subbotin, 43, who runs Kremlin-linked energy giant Lukoil, was found dead after employing the services of so-called spirit healers Magua Flores and Tina Cordoba - who is said to have treated him by placing toad venom under his skin

Daily Mirror

All Edinburgh households will get £400 energy bill discount this autumn

In a national roll out the Chancellor has announced measure to help those struggling with the cost of living crisis including various grants that some households will be eligible for.

Edinburgh Live

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Windfall Tax: All you need to know about Rishi Sunak’s new levy on oil and gas giants

After weeks of insisting that a windfall tax on oil and gas companies would discourage them from investing in the UK, Rishi Sunak performed a U-turn on Thursday by announcing the government would impose a one-off levy on energy companies to pay for a £15bn emergency aid package.

Evening Standard

Brits to get £400 energy bill help and £650 payments for millions on benefits

Rishi Sunak set out new cost of living measures, which are due to be funded by a windfall tax on profits of oil and gas giants in a major U-turn by ministers

Daily Mirror

Rishi Sunak dishes out £15billion cut to bills as he announces energy windfall tax

The Chancellor’s latest round of government support will hand all households a £400 grant to help pay their soaring energy bills

Evening Standard

What Rishi Sunak announced to tackle the cost of living crisis

£15bn package will deliver support worth £1,200 to the 8m poorest households, says chancellor

The Independent UK

Rival Libya leader says no plans to rule from Tripoli

One of Libya’s rival prime ministers has told The Associated Press that he has no immediate plans to rule from the capital of Tripoli, after his attempted move there last week sparked clashes and fears of a return to widespread civil strife

The Independent UK

Rishi Sunak announces handout for everyone in the UK and windfall tax on energy

There is £400 for everyone, £650 for people on benefits, £300 for pensioners and £150 for disabled people

Wales Online

Windfall tax: What is it and why is one set to happen now?

CHANCELLOR Rishi Sunak is expected to cave into pressure and impose a windfall tax on the soaring profits of oil and gas companies.

The National (Scotland)

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The Independent UK

British Tomato Fortnight: Five delicious, seasonal recipes

Make the most of a great British ingredient

Reuters

U.S. seizes Iranian oil cargo near Greek island - sources

Nottingham Post

Aldi £3.99 Specialbuy that's "every bit as good" as high-end equivalent

Buyers are raving about the product

Asharq Al-Awsat

US Seizes Iranian Oil Cargo Near Greek Island

The United States has confiscated an Iranian oil cargo held onboard a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter told Reuters. Greek authorities last month impounded the Iranian-flagged Pegas, with 19 Russian crew members on…

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Daily Mirror

All the times U-turning Boris Johnson said energy windfall tax would be terrible

Boris Johnson has resisted the idea of a windfall tax on oil and gas giants for months despite mounting calls for the levy to fund help for Brits struggling with the cost of living crisis

Asharq Al-Awsat

Italy’s ENI, NOC Discuss Plans to Develop Libya’s Oil Fields

Chairman of Libya’s National Oil Company (NOC) Mustafa Sanalla held talks with General Manager of Eni North Africa Antonio Bolsari in Tripoli on Wednesday. Sanalla’s Advisor Bashir Grea, the General Manager of Legal Affairs Dr. Kalfallah Ibrahim and the Project and Maintenance Manager Najmi Karim attended the meeting. Several topics…

The Guardian - UK

A brief history of windfall taxes: who used them and why

Windfall taxes have been used by Tory governments at least three times in the last 40 years

Asharq Al-Awsat

UN Council to Vote Thursday on Tougher N.Korea Sanctions

The United Nations Security Council will vote Thursday, at the request of the United States, on a resolution aimed at toughening sanctions on North Korea after it fired an intercontinental ballistic missile, diplomats said Wednesday. The United States, which holds the rotating Security Council presidency for May, has scheduled the…

Asharq Al-Awsat

Greece to Send Iranian Oil from Seized Ship to US

Greece will send Iranian oil from a seized Russian-flagged tanker to the United States at the request of the US judiciary, Greek port police said Wednesday, a decision that angered Tehran. Last month the Greek authorities seized the Pegas, which was said to have been heading to the Marmara terminal…

Reuters

G7 can spearhead climate fight by agreeing to phase out coal, Germany says

The Group of Seven countries can spearhead the fight against climate change and accelerate a pivot away from fossil fuels by agreeing to phase out coal power generation, Germany's economy minister Robert Habeck said on Thursday.

Bangkok Post

OR seeks partners to grow non-oil projects

PTT Oil and Retail Business Plc (OR), Thailand's largest oil and coffee shop operator by volume, is pushing ahead with its new vision to partner with startups and small and medium-sized enterprises (SMEs) over the next eight years to achieve rapid growth of non-oil businesses together.

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