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The Latest Breaking News from Oil

Food prices could soar by 10% this year, warns M&S boss

The boss of Marks & Spencer said the crunch time for families would come after summer holidays when they find ‘there is nothing left in the kitty’

Evening Standard

UN Expects Unloading of Yemen's Safer Tanker Cargo by Mid-July

The UN expected the process of unloading Yemen's eroding FSO Safer tanker to an alternative vessel will begin in mid-July. The vessel is holding more than a million barrels of oil and has been moored off the Ras Issa coast in Hodeidah for years. It is in "imminent" danger of…

Asharq Al-Awsat

Egypt Begins Trial Operation of Development Projects in Petrochemical Plants

Egypt inaugurated on Monday comprehensive development projects at the factories of the Egyptian Petrochemical Company in Alexandria. Petroleum Minister Tarek el-Molla inaugurated the trial operation of the developed factories, including the chlorine plant and the new thermal cracking unit of the vinyl chloride monomer production plant. He stressed the sector's…

Asharq Al-Awsat

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Diesel tax cut increased, extended

The cabinet on Tuesday extended the reduction in excise tax on standard diesel for another two months and increased the size of the cut, Prime Minister Prayut Chan-o-cha said.

Bangkok Post

Minister ‘surprised’ at Bank of England’s ‘apocalyptic’ food shortage comments

A Cabinet minister has rebuffed Bank of England Governor Andrew Bailey after he sounded an “apocalyptic” warning over looming food shortages caused by Vladimir Putin’s invasion of Ukraine.

Evening Standard

Asian shares advance despite losses on Wall Street

Shares are higher in Asia after another wobbly day on Wall Street extended a losing streak for markets

The Independent UK

Shut down fossil fuel production sites early to avoid climate chaos, says study

Exclusive: Nearly half existing facilities will need to close prematurely to limit heating to 1.5C, scientists say

The Guardian - UK

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Ukraine update: Rescue mission under way at Azovstal

KYIV, Ukraine: Ukrainian authorities said a rescue mission to extract the last defenders of the Azovstal steelworks in Mariupol was under way on Tuesday, after hundreds of soldiers were evacuated in an earlier operation.

Bangkok Post

Poll winner must tackle 'aggressive' China

The China relationship will be a challenge for whichever party wins the election on Saturday, two former foreign ministers have told oil and gas leaders.

AAP

Indonesian farmers stage protests against palm oil export ban

Hundreds of Indonesian smallholder farmers on Tuesday staged a protest in the capital Jakarta and in other parts of the world's fourth most populous country, demanding the government end a palm oil export ban that has slashed their income.

Reuters

New Sri Lanka PM to sell airline, print money to pay salaries

COLOMBO: Sri Lanka's new government plans to sell its national airline to stem losses, part of efforts to stabilize the nation's finances even as authorities are forced to print money to pay government salaries.

The Times of India

Watch This Video And See Which Type Of Oil Filter Is The Best

Paper, steel, or fiberglass oil filter—which one is best? This video from FortNine shows us exactly how these filters work and which is the best.

RideApart

Labour presses for Commons vote on windfall tax to cut energy bills

It would be imposed on North Sea oil and gas producers to fund a support package for families and business

Wales Online

3 Energy Stocks to Buy on the Dip

While most of the market has been mired in a brutal correction, energy stocks have had a very mild pullback. Investors should consider buying a high-quality energy stock like Ovintiv (OVV), Occidental Petroleum (OXY), and VAALCO Energy (EGY) as the underlying fundamentals keep improving.

StockNews.com

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The Independent UK

Labour urges MPs to back windfall tax warning household savings being ‘crunched’

‘Savings are being crunched or disappearing altogether’

The Guardian - UK

Labour to try to force Commons vote on North Sea windfall tax

Party to put ministers on spot over the cost of living amid signs of support for policy on Tory benches

Daily Mirror

Tories want to BLOCK giving struggling families £600 amid 'apocalyptic' food prices

Conservative MPs face calls to back a one-off levy which would pump cash into the wallets of the hardest-up households

France 24

Somali leader Hassan Sheikh Mohamud wins presidency

In tonight's edition: There are celebrations in the Somali capital after long-delayed elections return former leader Hassan Sheikh Mohamud as president. Also, a tanker carrying Russian oil docks in a South African port. Pretoria has refused to take sides over the war in Ukraine as global sanctions on Russia mount.…

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Liverpool Echo

Michael Toohey murder suspect named after police interrogation

Michael Toohey, 18, of Oil Street was beaten to death in an internet café

Bangkok Post

Heavenly healing

For me, a great spa experience is built on two fundamentals -- the therapist's dexterity and the results.

Bangkok Post

OR targets green shoppers with EV chargers

PTT Oil and Retail Business (OR) plans to strengthen its electric vehicle (EV) operations by installing more charging outlets at department stores to serve diners and shoppers.

Evening Standard

Ukraine is ‘winning’the war against Russia and will’ survive’, says top UK military officer

Admiral Sir Tony Radakin spoke as Putin’s forces have been pushed back but shelling has brought more civilian casualties

Daily Mirror

Bradley Walsh's painful eye condition that can change Beat The Chaser host's appearance

Blepharitis is a condition which causes inflammation in the eyes. For Bradley Walsh, the condition can be so severe that it can alter his appearance

ABC News

How to remove mould from your home and how to stop it from growing in this humidity

After months of wet weather, many people are struggling to contain mould. Here’s how to get rid of it.

Benzinga

Crude Oil Remains Imbalanced

By RoboForex Analytical Department Another week of May brings a new decline in Oil. Brent is retreating and hanging around $109.50.

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