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The Latest Breaking News from Oil

EU oil ban adds pressure on Russia but obstacles remain: Analysts

For a complete embargo to be successful, the bloc has yet to convince countries which rely more heavily on Moscow.

Al Jazeera

Boris Johnson hints at windfall tax on oil and gas giants - 'we'll have to look at it'

Brits are being clobbered by rising energy bills while firms rake in huge earnings - with senior Tory MP Robert Halfon describing oil bosses as the 'new oligarchs'

Daily Mirror

Best heat protection sprays to reduce hair damage from straightening and drying

Protect your locks with these sprays, creams and serums

Evening Standard

From analysis to the latest developments in health,
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Asian shares track technology-led sell-off on Wall Street

Shares have declined in Asia following the release of U.S. inflation data that was worse than expected

The Independent UK

UK economy shrank by 0.1% in March as cost of living crisis bites – as it happened

Calls for emergency budget grow as UK economy contracts unexpectedly in March, with consumers cutting back on spending, and car sector struggling

The Guardian - UK

Toxic flood sludge leaves Northern Rivers residents of Broadwater homeless

Broadwater residents are angry no-one has been held accountable for the toxic flood sludge that has covered their homes.

ABC News

Thursday briefing: The fossil fuel projects that could blow our carbon budget

In today’s newsletter: Archie Bland hears from Guardian environment editor Damian Carrington about new oil and gas plans which will contribute billions of tonnes of emissions

The Guardian - UK

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Timeline: Week 11 of Russia’s war in Ukraine

Al Jazeera recaps key events during week 11 of Russia’s invasion of Ukraine.

Al Jazeera

Biden administration cancels 3 major offshore oil lease sales in Gulf of Mexico and Alaska

Green groups hailed the move, energy firms accused the administration of discussing the need for more supply only to restrict it.

Axios

What the papers say – May 12

The front pages focus on a potential trade war with Europe and Boris Johnson’s latest diplomatic effort.

The Independent UK

Japan PM Kishida pledges further cooperation with EU on Russia

Tokyo earlier this week announced it would phase out imports of Russian oil.

Al Jazeera

The mystery of the mogul, the casino and the heist that rocked Mayfair

The Park Lane Club was supposed to fulfil Vasilijs Melniks’ fantasy. Instead it became his torment

Financial Times

Chemists want to mine e-waste for metals

We're leaving the fossil fuel era and entering an "age of metals" — and that may mean sifting through our trash

Salon

Windfall tax for gas and oil giants ‘back on the table’ to help ease cost of living crisis

Chancellor said to be considering plans for windfall tax on gas and oil giants

The Independent UK

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Bangkok Post

Industry leaders warn of challenges ahead for Thai economy

Despite a gradual recovery projected for the tourism sector, Thailand's economy still faces a spate of challenges including the persistent pandemic and the impact of Russia's invasion of Ukraine, which has disrupted global commerce, pushed up oil prices and threatened food supplies.

Bangkok Post

Minimum wage hike in spotlight

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes Thailand can manage 2.5-4% GDP growth this year if an increase in the daily minimum wage is appropriate given the higher living costs.

ABC News

A clean future or merely greenwashing? Critics claim Coalition's hydrogen plans are a 'fig leaf' for fossil fuels

Plans by the federal government to develop a "clean" hydrogen industry in Australia have been branded greenwashing by critics who say taxpayer money is being used to subsidise fossil fuel activities.

Bangkok Post

It's a slow recovery ahead

Thailand's economy is showing signs of improvement this year with predicted slow yet sustainable growth if all involved pitch in to help, Finance Minister Arkhom Termpittayapaisith says.

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The Hindu

The winners and losers of the war

India has neither lost nor gained anything by refusing to condemn Russia’s invasion of Ukraine

The Conversation

Landscapes can be weaponized to influence public opinion and perception during war

Blast craters, denuded landscapes and burning oil wells. When we think of the relation between war and the landscape, we think of such destructive acts and toxic legacies. Through this lens, nature and the landscape are often seen as casualties of war.

Benzinga

Mid-Afternoon Market Update: Dow Tumbles Over 100 Points; H&R Block Shares Spike Higher

U.S. stocks trade lower toward the end of trading, with the Dow Jones dropping more than 100 points on Wednesday.

The Guardian - UK

North Sea oil and gas bosses get combined £25m pay rise

Pay package included a £4.6m ‘golden hello’ for CEO of the sector’s largest operator, Harbour Energy’s Linda Cook

The Guardian - UK

The Guardian view on the cost of living: a crisis made in Downing Street

Editorial: Through their own complacency and carelessness, ministers have condemned more Britons to suffer and starve

The Guardian - AU

‘Our ancestors are in the rocks’: Australian gas project threatens ancient carvings – and emissions blowout

Custodians of petroglyphs in remote north-west say Woodside’s $12bn ‘carbon bomb’ spells disaster for culture and climate

Benzinga

World's Biggest Sovereign Wealth Fund Cashes Out Of Rivian, Trims Tesla Stake, But Bulks Up On This Chinese EV Maker

Norges Bank, the central bank of Norway and the sponsor of the world's biggest sovereign wealth fund (the Norwegian Oil Fund), has substantially changed its allocation toward electric vehicle stocks in the first quarter.

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