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The Latest Breaking News from Oil

Indonesia seeks to balance international, local palm oil demand -official

Indonesia is seeking a balance between capitalising on high global palm oil prices while ensuring food at home is affordable, a senior government official said on Wednesday, amid the country's ongoing ban on exports of the vegetable oil.

Reuters

Windfall tax may 'kill investment but crisis is killing people', top Tory told

THE cost-of-living crisis is “killing off people”, a Tory minister visiting Holyrood was told after he claimed a windfall tax would “kill…

The National (Scotland)

Indonesia seeks to balance international, local palm oil demand

JAKARTA: Indonesia is seeking a balance between capitalising on high global palm oil prices while ensuring food at home is affordable, a senior government official said on Wednesday, amid the country's ongoing ban on exports of the vegetable oil.

Bangkok Post

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Three very fancy desserts that are actually very easy to make

These dishes from River Cafe’s Anna Higham will bring the summer sun, says Lauren Taylor

The Independent UK

California to decide fate of controversial desalination plant amid brutal drought

After more than a decade of debate, the coastal commission is set to vote on the proposed $1.4bn project near Los Angeles

The Guardian - US

The 10 most expensive artworks ever sold

As Andy Warhol’s iconic portrait of Marilyn Monroe sells for $195 million, Amy Francombe charts the world’s other record-breaking works of art

Evening Standard

Anna Higham: ‘Stop getting stressed about making dessert – it’s just pudding’

River Cafe’s executive pastry chef chats to Lauren Taylor about taking the fear out of puddings, celebrating fruit and not being intimidated in shouty kitchens

The Independent UK

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Welcome to the jungle: inside Mexico’s groundbreaking natural art gallery

Part building, part tropical grove, this forest art space in the Yucatan peninsula is a living, breathing masterpiece of its own

The Guardian - UK

Hungary says its backing of EU's Russia oil ban hinges on hundreds of millions of dollars

Hungary upped the stakes in talks about European Union oil sanctions on Wednesday, saying a deal was out of reach until Brussels offers a "solution" measured in hundreds of millions of dollars to replace Russian oil in the Hungarian economy.

Reuters

Exxon doubles down on ‘advanced recycling’ claims that yield few results

The petroleum company is under investigation for misleading the public while exacerbating the global plastic pollution crisis

The Guardian - US

Lorraine Kelly mocks Richard Madeley as she makes Alan Partridge dig

Richard Madeley is frequently compared to Coogan's blundering and ridiculous character Alan Partridge over his cringey interviewing gaffes on Good Morning Britain

Daily Mirror

Saudi, UAE Ministers Warn against Capacity Decreasing in All Energy Sectors

The energy ministers of Saudi Arabia and the United Arab Emirates warned that spare capacity is decreasing in all energy sectors as producers slash investment, causing everything from crude to diesel and natural gas to trade at or near record highs. “I have a lot of experience, but I've never…

Asharq Al-Awsat

Ukraine says it will block Russian gas supply to Europe

Kyiv has blamed Russian ‘occupying forces’ for suspending the gas supply

The Independent UK

First gas confirmed at Tolmount as significant new North Sea supply emerges at critical time

Harbour Energy estimates upwards of five per cent increase to UK production

Birmingham Post

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The Independent UK

Asian stocks mixed, China gains ahead of US price data

Shares are mixed in Asia with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street

The Guardian - UK

Ukraine’s ‘hero river’ helped save Kyiv. But what now for its newly restored wetlands?

Kyiv repelled Russian forces by opening a Soviet-era dam on the Irpin River. Now, ecologists hope Ukraine’s newest wetlands can survive, or even thrive, after the war

The Guardian - UK

Coldplay labelled ‘useful idiots for greenwashing’ after deal with oil company

The Transport and Environment campaign group says Neste is cynically using the band

Tribune News Service

Draghi urges Biden to foster long-term peace plan for Ukraine

Italian Prime Minister Mario Draghi said allies should start work on negotiations toward a long-lasting peace process in Ukraine, even as they continue to sanction Russia over its invasion of the country.

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Bangkok Post

Targeting long-term inclusive growth with OR

Sensing business opportunities and following several successful partnerships with S-Curve startups, PTT Oil and Retail Business (OR), adopts a new “Outside-In” strategy seeking more partners with which to spark long-term inclusive growth.

The Independent UK

California lays out plan to drastically cut fossil fuel use

California air regulators said Tuesday the state should cut petroleum use by 91% by 2045 in order to achieve ambitious climate change goals

The Guardian - AU

‘How many more months should we suffer?’: Indonesians struggle with pricey cooking oil

Indonesia’s ban on cooking oil exports has failed to address supply shortages and lower prices of the key ingredient

Bangkok Post

State to let some prices rise, minister concedes

Commerce Minister Jurin Laksanawisit has admitted that certain products will be allowed to increase their prices because of higher oil costs, which directly affect production costs and transport fees.

Bangkok Post

Sentiment down 4 months in a row

Consumer sentiment plunged for the fourth straight month in April, hitting the lowest level in eight months, as consumers remained concerned about rising costs of living and high oil prices caused by the impact of Russia's invasion of Ukraine.

Chicago Sun-Times

Hummus enjoys a sweet potato makeover

Hummus is wonderfully accommodating to embellishment and bling, such as the addition of pureed root vegetables and tubers, including beets, carrots or sweet potatoes.

Chicago Sun-Times

Pasta alla Norma a classic, timeless Italian dish

While the ingredients technically qualify it as a late summer dish, it can be prepared year-round, which is good news for us.

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