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The Latest Breaking News from Oil

'I can’t see the light': War fuels surging prices in Europe

Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades

The Independent UK

On inflation, the government and the RBI are walking a tight rope

Fiscal and monetary policy coordination is crucial to sustain the economic recovery

The Hindu

Asian stocks rise after Wall St slips closer to bear market

Asian stock markets have advanced after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation rose

The Independent UK

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The ultimate guide to fighting oily skin

Oily skin is a skin type characterised by excessive sebum secretion. This skin type has a tendency of

The Times of India

Biden has little to entice Kim Jong Un to stop weapons tests

The last time a U.S. president visited Seoul in 2019, Donald Trump and Kim Jong Un agreed to restart nuclear talks during an impromptu meeting at the heavily fortified demilitarized zone.

Tribune News Service

California lawmakers kill plans to ban oil drilling in state-controlled waters

SACRAMENTO, Calif. — Facing fierce opposition from California’s powerful oil industry and trade unions, legislation to close down operations on three offshore oil rigs off the Orange County coast failed Thursday to win passage in a state Senate committee, seven months after a major spill fouled the beaches and wetlands…

Los Angeles Times

Forrest flays fossil fuel 'greenwashing'

Billionaire Andrew Forrest says any hydrogen made from fossil fuels is part of the problem, and welcomes Europe's moves to boost renewable energy usage.

AAP

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PTT asked to join Egat relief scheme

National oil and gas conglomerate PTT Plc has been asked to help state-run Electricity Generating Authority of Thailand (Egat) relieve its 60-billion-baht financial burden incurred by measures to alleviate rising living costs.

Bangkok Post

Siege ends at Ukraine's Mariupol steelworks, Russia seeks control of Donbas

The last Ukrainian forces holed up in Mariupol's smashed Azovstal steelworks surrendered on Friday, Russia's defense ministry said, ending the most destructive siege of the war as Moscow fought to cement control over the Donbas region.

Reuters

GOP vote against stop to price gouging

The House passed a bill to fight oil and gas price gouging — without any GOP support

Salon

Grim reflections in the mirror of Ukraine crisis

I read with interest the article of colleagues from Australia, Canada, the EU, Japan, New Zealand, Norway, the UK and the US published in the Bangkok Post on May 12, 2022.

Bangkok Post

Average price of gas surpasses $6 a gallon for first time in California

The price is a record high for the state and follows a record high average price nationwide at nearly $4.59 a gallon

The Guardian - US

The most helpful cleaning tips

Sometimes our loved ones truly do know best, especially when it comes to cleaning up

Salon

Cannabis Regulatory Update: Rhode Island, Minnesota, Colorado, Washington & Thailand

Rhode Island Senate & House Committees Send Cannabis Legalization Bill To Full Chambers

Benzinga

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Sports Illustrated

Brittney Griner Time Line: What Has Happened Since She Was Detained

The basketball star has been held in Russia since February after officials said they discovered vape cartridges containing hashish oil in her luggage.

ABC News

Why is petrol still so expensive in Queensland? When will fuel costs go down?

With fuel prices nudging $2.20 a litre in Brisbane, a tank of petrol can put a sizeable dent on your bank balance, so why is fuel so expensive in Queensland and when will prices drop?

Benzinga

Why FuelCell Shares Are Rising Today

FuelCell Energy Inc (NASDAQ: FCEL) shares are trading higher by 6.09% at $3.75 as the market rebounds following previous losses stemming from concerns over inflation, Fed policy tightening, oil prices and notable earnings reports.

Benzinga

Why Plug Power Shares Are Rising Today

Plug Power Inc (NASDAQ: PLUG) shares are trading higher by 63.97% at $16.51 as the market rebounds following previous losses stemming from concerns over inflation, Fed policy tightening, oil prices and notable earnings reports.

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France 24

Whatever it takes? Europe forced to speed up its energy transition

It took the invasion of Ukraine for Europeans to realise that decades of short-sighted energy policy have caught up with them. As Germany strips its former chancellor of parliamentary privileges over his refusal to sever ties with Gazprom, Gerhard Schröder's downfall is a reminder that it's all of Germany and…

The Hindu

LPG prices go up as oil marketing companies revise distributors’ commission

The meagre increase, given after three years, should not have been passed onto customers, says a distributor

Tribune News Service

Biden weighs meeting Saudi crown prince in sign of thawing

WASHINGTON — U.S. President Joe Biden is weighing a meeting with Saudi Arabia’s Mohammed bin Salman as soon as next month, according to people familiar with the matter, after avoiding contact with the crown prince over the murder of columnist Jamal Khashoggi.

Tribune News Service

Motormouth: Gas stations of the future

Q: As the car market transitions to more electric vehicles, what will traditional car service stations do since all the service needed by internal combustion engines will be replaced by a big battery?

Reuters

EU's Michel says will support Serbia's speedier accession to EU

European Council President Charles Michel said on Thursday the European Union would support a speedier accession of Serbia into the wealthy bloc and help the Balkan country dependent on Russian gas and oil to diversify its energy supplies.

Dublin Live

Pensioner forced to give up going to pub due to cost of living crisis

Tony Collins told Dublin Live he is being hit on all sides by price hikes on energy bills, heating oil, medical insurance and fuel for the car

The Independent UK

House approves bill to take aim at gasoline 'price gouging'

A closely divided House has approved legislation to crack down on alleged price gouging by oil companies as prices at the pump continue to soar

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