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The Latest Breaking News from Oil

Malaysia may cut palm oil export tax amid global supply crisis

KUALA LUMPUR: Malaysia is considering cutting its export tax on palm oil and plans to slow implementation of its biodiesel mandate to help meet global demand amid an edible oil shortage, its commodities minister told Reuters on Tuesday.

Bangkok Post

Best dry shampoos to freshen up your hair fast

The micracle product to tide you over between hair washes

Evening Standard

Tesco customers 'are asking staff to stop scanning their food' as boss hits out

John Allan said customers are "extremely stretched" as costs soar

Manchester Evening News

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Mariner East Pipeline has sparked a boom in fracked gas exports from Philly region

Nearly once a day last year, a large tanker sailed up the Delaware River and docked at Marcus Hook Terminal in Marcus Hook, Pennsylvania, to take on a cargo of liquid fuel, produced mostly from the Marcellus and Utica Shale formations in Western Pennsylvania and neighboring states.

The Philadelphia Inquirer

FTSE share buybacks on track to smash records with bumper payouts from BP, Shell and more

FTSE 100 companies plan to return £37 billion to investors this year

Evening Standard

Russia-Ukraine war: List of key events, day 76

As the Russia-Ukraine war enters its 76th day, we take a look at the main developments.

Al Jazeera

French minister Beaune: EU deal on Russian oil ban could be reached this week

French European Affairs Minister Clement Beaune said European Union members could reach a deal this week on the EU Commission's proposal to ban all oil imports from Russia.

Reuters

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Tesco chairman calls for energy windfall tax; Markets rebound after ‘everything rout’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Asian stocks follow Wall St down on rate hike, economy fears

Asian stocks have followed Wall Street lower as fears increased that U.S. rate hikes to fight inflation might stall economic growth

The Independent UK

Russia Shells Ukraine's Odessa as US Pledges Fresh Arms for Kyiv

Russian forces intensified their fight in Ukraine's east and fired missiles over the port city of Odessa, as President Joe Biden signed a law speeding up arms deliveries to Kyiv. The southern city was hit by a series of missiles Monday, destroying buildings, setting ablaze a shopping center and killing…

Asharq Al-Awsat

Menu planner: Get a taste of merry old England with Toad-in-the-hole

Thinking ahead to your next few meals? Here are some main dishes and sides to try.

Chicago Sun-Times

‘I don’t want to be a little Englander’ – Cornelia Parker on BP, bombs and becoming a German

She is a politically charged artist whose work can be literally explosive. Ahead of a huge show, Parker talks about ‘cartoon violence’, recreating a corridor in Parliament – and why she may apply for German citizenship

The Guardian - UK

A Derm Shares What To Do If You’re Breaking Out Without Warning Bc Acne Is The Pits

If you’ve found yourself with skin that’s more zit-tastic than fantastic, never fear. We spoke with dermatologist, Dr. Leona Yip to get some solid answers about our old friend, acne.

Pedestrian.tv

Ask the experts: what’s the future of Australia’s EV landscape?

Electric vehicles will become the norm in Australia, but when? Our panel of experts discusses what the future of driving looks like.

The Guardian - AU

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The Independent UK

Pelosi: Buying Russian oil funds invasion of Ukraine

U.S. House Speaker Nancy Pelosi says Russia’s invasion of Ukraine has made energy independence more important than ever during a climate conference in South Florida

Miami Herald

Esper: Trump’s White House discussed blockade of Cuba and military action in Venezuela

Former Defense Secretary Mark Esper said he prevented “dangerous things” from happening during the time President Donald Trump was in office, including military intervention in Venezuela and a blockade of Cuba.

Bangkok Post

Oil Fuel Fund set to borrow billions

The Oil Fuel Fund is expected to finish negotiations with banks this month as it looks to borrow heavily to boost its liquidity, says the Finance Ministry's deputy permanent secretary Theeraj Athanavanich.

ABC News

Australian share market suffers $25 billion loss as 'war, inflation, rate hikes' hit global markets

The Australian share market loses almost $25 billion as it follows Wall Street's dive on concerns about looming rate hikes causing a global economic slowdown.

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Bangkok Post

From traditional elements to the contemporary

Renowned Chinese contemporary artist Wu Yi reflects his inner inspiration mixed with daily realities through art during "Diary Of Inner Inspiration" at Tang Contemporary Art, until June 11.

Bangkok Post

Diesel to be capped at B32 per litre

The retail price of diesel in Greater Bangkok will remain capped at 32 baht per litre, as the government has tried to continue its energy subsidy measures to help alleviate people's hardship and reduce their cost of living.

The Independent UK

Iran’s president says oil exports have doubled since August

Iran’s president says the country is exporting twice as much oil as when he took office in August, despite heavy sanctions on oil exports imposed by the U.S. Ebrahim Raisi made the claim in a live interview on state-run TV on Monday night without elaborating, including on the amount of…

Benzinga

What's Going On With CGX, Frontera Energy Shares Today

CGX Energy Inc. (TSXV:OYL) (OTC:CGXEF) and Frontera Energy Corp (TSX:FEC) (OTC:FECCF) have successfully discovered light oil in the Santonian and Coniacian and gas condensate in the Maastrichtian and Campanian at the Kawa-1 exploration well, offshore Guyana. The JV encountered hydrocarbons in multiple zones extending from 4,638 metres in the Maastrichtian to 6,568 metres in the…

Benzinga

That '70s Show: Wall Street's Most Accurate Analyst Sees A '70s-Style Oil Spike And Tech Wreck. How We're Positioned For It

The 1970s Bear Market Analog On Saturday, ZeroHedge reported that Wall Street's most accurate analyst, Bank of America's chief investment strategist Michael Hartnett, sees a strong parallel between our current market environment and the bear market that occurred during the 1970s:

The Hindu

Letters to the Editor — May 10, 2022

Negotiate peace

Benzinga

Mid-Afternoon Market Update: Crude Oil Down 6%; Palantir Technologies Shares Slide

U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping more than 400 points on Monday.

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