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The Latest Breaking News from Oil

Price protests turn political in Iran as rallies spread

Spreading protests across Iran over a cut in state subsidies on food have turned political with slogans calling for top leaders to step down, according to posts on social media, and unconfirmed reports said at least four protesters were killed.

Reuters

Saudi oil giant Aramco reports 82% rise in quarterly profits

Investors to get $4bn in bonus shares after record earnings of $39.5bn on higher demand and crude prices

The Guardian - UK

Say goodbye to sun damage, try these de-tanning home remedies

Everyone desires soft and glowing skin. But the busy outdoor lifestyle keeps our skin exposed to long sun exposure.

Dynamite News

From analysis to the latest developments in health,
read the most diverse news in one place.

Chancellor will impose windfall tax on energy giants’ profits, insists Miliband

Rishi Sunak has said ‘no option is off the table’ when it comes to measures to ease the cost of living.

The Independent UK

Unite union seeks talks with Sturgeon over Grangemouth refinery

Union says oil refinery’s ‘strategic importance’ means talks about possible threats are urgent

The Guardian - UK

Indonesian president's rating hits six-year low as prices rise

Indonesian President Joko Widodo's approval rating has hit a six-year low amid dissatisfaction over soaring cooking oil prices and the perceived failure of an export ban to swiftly reduce the rising cost of goods, a new poll showed on Sunday.

Reuters

Cost of living: Labour to force Commons vote on a windfall tax on oil and gas giants

Keir Starmer’s party plans to expose Conservative splits on a windfall tax, claiming the levy would hand the hardest-hit households £600

Daily Mirror

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Joe Trivelli’s colourful spring recipes

All the ingredients for a superbly decadent spring feast. By Joe Trivelli

The Guardian - UK

Inflation on the rise in France, driven by rising cost of food and energy

Inflation is creeping up in France, as it is in many parts of the world, but economists point out that not all prices are increasing. However, consumers are feeling the pinch, because the products that are most impacted are daily necessities, like petrol and food.

Radio France Internationale

OPEC Authorizes Iraq to Increase Output to 4.5 Mln Bpd

Iraq’s representative at OPEC said the organization had agreed to the country increasing its output to 4.5 million barrels of oil per day (bpd) starting from June, the state news agency (INA) reported on Saturday. There will be further increases of 50,000 bpd in output in each of the months…

Asharq Al-Awsat

NHS prescription charges frozen amid cost of living crisis to 'put money back in people’s pockets'

Meanwhile, ministers have been resisting calls for a windfall tax on the profits of the energy companies which have been swollen by rising oil and gas prices

Manchester Evening News

World Leaders Pay Respects in UAE after Death of Sheikh Khalifa

World leaders began descending on the United Arab Emirates on Sunday to offer condolences on the death of President Khalifa bin Zayed Al Nahyan, who was succeeded by his half-brother Sheikh Mohammed bin Zayed. Sheikh Mohammed, now ruler of Abu Dhabi emirate, steered the Gulf state, an OPEC oil producer…

Asharq Al-Awsat

Saudi oil giant Aramco's first-quarter profits surge 80%

Oil giant Saudi Aramco says its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices following Russia’s invasion of Ukraine

The Independent UK

Saudi Aramco's First-quarter Profits Surge 80%

Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year. The state-backed company’s first-quarter earnings show a record net income of $39.5 billion, up from $21.7 billion during the same period last year. Already, resurgent economic activity and the relaxation…

Asharq Al-Awsat

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Asharq Al-Awsat

Mohammed bin Zayed: Policymaker of the Modern UAE, Godfather of Economic Diversity

Sheikh Mohamed bin Zayed is the third president of the United Arab Emirates and the driving force behind the country's modern policies. He is the third youngest brother to late President Sheikh Khalifa bin Zayed. In the past decade, he represented his country at various negotiations tackling several sectors, such…

Asharq Al-Awsat

American Sanctions Waivers: Syrian Pitfalls and Regional Questions

If someone were to carry out an investment project in Qamishli, which is held by Washington's allies in northeastern Syria, and employed people from the "security square" affiliated with Damascus, would that be a violation of American sanctions? If someone were to carry out an investment project in Azaz in…

The Guardian - UK

Boris Johnson is using Ukraine crisis to launch a British comeback in Europe

UK’s revival of old alliances in eastern Europe and Scandinavia to help deter Russia fuels new tensions with the EU as Northern Ireland row looms

Los Angeles Times

Kings bid farewell to Dustin Brown and season in emotional Game 7 loss

EDMONTON, Canada — By the end of a wildly back-and-forth Stanley Cup playoff series between the Los Angeles Kings and the Edmonton Oilers there were no surprises in the decisive game of their first-round matchup Saturday night at Rogers Place in buzzing downtown Edmonton, just superstar efforts.

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The Guardian - UK

The Observer view on the urgent need for a windfall tax on the energy giants

Even bosses of Britain’s oil and gas companies admit they hardly know what to do with record-breaking profits

Chicago Sun-Times

Tomatillos — a versatile fruit for everything from salsa to chicken stew

These little tomato-esque tart “vegetables” are easy to use and a delight to eat.

Tribune News Service

‘Straw owner’ hides $1 billion worth of Russian yachts, US says

In the race to seize assets tied to sanctioned Russian billionaires, U.S. authorities are alleging that a Russian tycoon acted as the “straw owner” of two yachts worth more than $1 billion, including the $700 million Scheherazade, a superyacht linked to Russian President Vladimir Putin.

ABC News

Sheikh Mohammed bin Zayed al-Nahyan elected United Arab Emirates President

Sheikh Mohammed bin Zayed al-Nahyan is officially appointed the new leader of the United Arab Emirates, succeeding his half-brother and former president Sheikh Khalifa bin Zayed Al Nayhan, who died on Friday.

The Independent UK

$230M settlement reached over 2015 California oil spill

The owner of an oil pipeline that spewed thousands of barrels of crude oil onto Southern California beaches in 2015 has agreed to pay $230 million to settle a class-action lawsuit brought by fishermen and property owners

Tribune News Service

India bans wheat exports as food security comes under threat

India prohibited wheat exports that the world was counting on to alleviate supply constraints sparked by the war in Ukraine, saying that the food security of the nation is under threat.

The Independent UK

How climate change is triggering a global collapse in insect numbers

A growing number of reports are suggesting insect numbers are in steep decline. Tim Newbold and Charlie Outhwaite explain why this is of urgent concern

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