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The Latest Breaking News from Oil

Experts say Ireland can survive EU Russia oil embargo

Fuels for Ireland says any such cut-off won't hit our reserves this year and we won't run out of fuel

Irish Mirror

Mid-Day Market Update: Dow Rises 100 Points; Lyft Shares Plummet

U.S. stocks traded mixed midway through trading, with the Dow Jones gaining more than 100 points on Wednesday.

Benzinga

Barclays and Standard Chartered shareholder meetings disrupted by protests

Barclays chairman Nigel Higgins was repeatedly interrupted by climate change activists in the audience.

The Independent UK

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Wells Fargo Maintains Underweight Rating for BP: Here's What You Need To Know

Wells Fargo has decided to maintain its Underweight rating of BP (NYSE:BP) and raise its price target from $29.00 to $31.00. Shares of BP are trading up 0.16% over the last 24 hours, at $31.23 per share. A move to $31.00 would account for a 0.74% decline from the current…

Benzinga

Màiri McAllan: SNP has 'laser focus' on tackling rural poverty, says minister

A MINISTER is putting the spotlight on rural poverty ahead of the local elections ...

The National (Scotland)

Disabled Bristol woman's despair as fuel bill soars to £218 a month

"There's no help for me anywhere"

Bristol Post

Venezuela's Maduro, others meet with Iran oil minister

Venezuelan President Nicolas Maduro and high-ranking officials from the South American nation have met with the oil minister of Iran to discuss cooperation in energy matters and efforts to defeat economic sanctions imposed by the U.S. and its allies

The Independent UK

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EU targets Russian Patriarch Kirill in new round of proposed sanctions - diplomat

The European Commission has proposed freezing the assets of Patriarch Kirill, head of the Russian Orthodox Church, a diplomat said on Wednesday.

Reuters

How Does the Pharmaceutical Industry Perform During Recessions?

The Fed’s aggressive interest rate hikes and high energy prices will likely fuel recessionary conditions. Moreover, the unexpected decline in GDP in the first quarter indicates a possible economic contraction. Amid such possibilities, the pharmaceutical industry could attract investors’ attention because of the inelastic demand for its products. Today, I…

StockNews.com

Extinction Rebellion protesters send Barclays' AGM in Manchester into chaos

One woman in the audience reportedly glued herself to a seat as security was called in at Manchester Central

Manchester Evening News

A Native American faces teargas, baton charges and rubber bullets – Camille Seaman’s best photograph

Dan Nanamkin would show up at the Standing Rock pipeline protest in full regalia every day. On the other side of the blockade was a massive armed force – but he sang all the time

The Guardian - UK

EU proposes a ban on Russian oil imports

NPR's Leila Fadel speaks with Ben Cahill at the Center for Strategic and International Studies about a European Union proposal to phase out imports of Russian oil and refined products.

WEKU

EU weighs ban on Russian oil as missiles hit west and east Ukraine

KYIV, Ukraine — In its biggest step yet to wean itself off Russian fossil fuels, the European Union proposed a plan Wednesday to phase in an embargo on Russian oil to sever a major source of revenue for the Kremlin’s war in Ukraine.

Los Angeles Times

Why India chose a path of 'proactive neutrality' on Ukraine

Since Russia invaded Ukraine in February, India’s refusal to condemn Russia and maintain a neutral stance has sparked many debates at home and criticism abroad. US President Joe Biden called India’s stance “somewhat shaky”. However, shortly after, the US also called India an essential partner in realising its mission for…

The Conversation

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Benzinga

U.S. Govt Says WNBA Star Brittney Griner Was 'Wrongfully Detained' By Russia, What This Change Of Classification Means

More than two months after WNBA superstar Brittney Griner was arrested at a Moscow airport and accused of having cannabis oil in her luggage, the U.S. State Department finally said on Tuesday said that she had been “wrongfully detained,” signaling a significant shift in how officials will work to get her home.

Benzinga

Executives Buy Around $85M Of 4 Stocks

Although crude oil futures traded higher on Wednesday, there were a few notable insider trades.

Asharq Al-Awsat

Russia Pounds Ukraine, Targeting Supply of Western Arms

Russian forces pounded targets across Ukraine, taking aim at supply lines for foreign weapons in the west and intensifying an offensive in the east, as the European Union moved Wednesday to further punish Moscow for the war with a proposed ban on oil imports. The Russian military said Wednesday it…

The Independent UK

Oil prices surge as EU proposes complete ban on Russian crude and petrol imports

Threat of further petrol and diesel price rises after European Commission unveils toughest measure yet against Russian energy supplies

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news in one place.

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Asharq Al-Awsat

Indicators Point to High Liquidity Movement in Saudi Arabia

Saudi Arabia has seen indicators of high liquidity movement, prompted by the recovery of commercial demand and consumer spending over the last period, in parallel with the growth of the national economy and the rise in oil revenues and non-oil activity in the Kingdom. Cash liquidity rose by 2.7% at…

Benzinga

Recap: Murphy Oil Q1 Earnings

Murphy Oil (NYSE:MUR) reported its Q1 earnings results on Wednesday, May 4, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

The Guardian - UK

Climate sceptic thinktank received funding from fossil fuel interests

Exclusive: Global Warming Policy Foundation has led the backlash against UK government’s net zero policy

The Guardian - UK

How to make the perfect pasta con le sarde – recipe

A rustic Sicilian signature pasta with sardines, fennel and pine nuts, topped with crunchy breadcrumbs … but what’s the definitive recipe?

The Independent UK

EXPLAINER: What's the impact if Europe cuts off Russian oil?

The European Union's executive commission has proposed phasing out imports of Russian oil within six months

The Independent UK

India's central bank raises interest rate to tame inflation

India’s central bank has raised its key interest rate to 4.4% from 4% to try to contain fast-rising inflation

Asharq Al-Awsat

Kremlin Dismisses Speculation Putin to Declare War on Ukraine on May 9

The Kremlin on Wednesday dismissed speculation that President Vladimir Putin planned to declare war against Ukraine and declare a national mobilisation on May 9 when Russia commemorates the Soviet Union's victory in World War Two. Commenting on speculation that Putin will declare war against Ukraine on May 9, Kremlin spokesman…

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