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The Latest Breaking News from Oil

George Skelton: It's time to stop spinning our wheels on gas price relief and head in a different direction

SACRAMENTO, Calif. — California Gov. Gavin Newsom and state legislators have been spinning their wheels for months on gas price relief. They should get the vehicle moving or abandon it.

Los Angeles Times

Slovakia says it will seek exemption from any EU embargo on Russian oil

Slovakia will seek an exemption from any embargo of Russian oil agreed by the European Union in its next set of sanctions against Moscow for its invasion of Ukraine, Slovakia's Economy Ministry said on Tuesday.

Reuters

Activists blockade Scottish oil terminal in climate protest

A SCOTTISH oil terminal has been blockaded by environmental protesters calling for all new oil and gas projects to be scrapped.

The National (Scotland)

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Hungary will not support sanctions on Russian oil and gas shipments - minister

Hungary will not support sanctions that would make Russian oil and gas shipments to Hungary impossible, Foreign Minister Peter Szijjarto said in a statement on Tuesday.

Reuters

Russian strikes pound Ukraine on eve of new EU sanctions

Russian forces pounded targets in eastern Ukraine on Tuesday, unleashing rockets on a steel plant that is Ukraine's last redoubt in the port city of Mariupol as the European Union prepared to slap oil sanctions on Moscow.

Reuters

BP profits DOUBLE to £5billion as energy and petrol prices trigger cost of living crisis

It comes amid a cost of living crisis that has left millions of households struggling to afford basic essentials such as food and transport due to soaring inflation

Daily Mirror

Just Stop Oil climate activists blockade Nustar Clydebank oil terminal in Scotland

Just Stop Oil said it is the first action of its kind in Scotland

Evening Standard

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FTSE 100 Live: BP pledges £18bn UK investment as profits hit $6.2bn

BP’s profits hit $6.2 billion (£5 billion) in the first three months of this year after benefiting from the soaring price of oil and gas.

Evening Standard

UK factories raise prices at record pace; windfall tax calls grows as BP earnings swell – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

BP profits double to $6.2bn, fuelling calls for energy windfall tax

Results are ‘obscene’, say unions, after soaring oil and gas prices help company to beat forecasts

The Guardian - UK

Protesters blockade oil terminal

Just Stop Oil said it is the first action of its kind in Scotland.

The Independent UK

BP’s £5bn profit triggers fresh calls for energy windfall tax

BP posted its best quarterly earnings in more than a decade as the government comes under pressure to do more to ease the cost of living crisis

Evening Standard

EU drafts proposal to phase in a ban on Russian oil – as it happened

This blog has now closed. You can find our latest coverage of the Russia-Ukraine war in our new live blog

The Guardian - UK

Kurdistan Demands 'More Serious' Stance from Baghdad after Latest Rocket Barrage

President of the Kurdistan Region Nechirvan Barzani called on the federal government in Baghdad to take a "more serous" stances in condemning the rocket attacks that have been taking place in the Region in recent months. A missile attack targeted an oil refinery in the Kurdistan capital, Erbil on Sunday…

Asharq Al-Awsat

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The Guardian - AU

Europe prepares fresh Russia sanctions as US warns Moscow plans to annex parts of east Ukraine

European Commission expected to propose sixth package of sanctions this week as hopes rise of more Mariupol evacuations

France 24

Scores of civilians reach safety as Russia renews assault on Mariupol plant

Ukraine say Russian forces have launched a "powerful assault" on the Azovstal steel plant in Mariupol, where more than 200 civilians are still holed up with Ukrainian fighters, according to the city's mayor. Humanitarian workers say around 100 civilians have successfully been evacuated from the plant and are now in…

Asharq Al-Awsat

Iranian Oil Minister Meets Maduro in Caracas

Iran's oil minister has paid an official visit to ally Venezuela to meet President Nicolas Maduro and discuss ways to "overcome" the effects of US sanctions against both nations, officials said.

The Independent UK

Asian shares mixed in light 'Golden Week' trading

Asian shares are mixed in light “Golden Week" trading with markets in China, Japan and some other countries closed for holidays

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Reuters

Borrell says EU aims to pass new Russia sanctions at next Foreign Affairs Council meeting

The European Union hopes to pass the sixth round of sanctions against Russia at the next meeting of the EU Foreign Affairs Council, the bloc's chief diplomat said on Monday.

Benzinga

10 States Where Gas Costs The Most

The effects of the Russia-Ukraine war are still sending ripples globally, even with crude oil prices falling $19 off the early March highs of $123 per barrel.

ABC News

ASX loses ground as RBA makes first interest rate rise in 11 years to curb inflation; Aussie dollar surges

The ASX loses ground as the Reserve Bank raises interest rates to curb surging inflation, while US stocks end higher after a volatile trading session, and billionaire Mike Cannon-Brookes becomes the biggest investor in AGL to block its plan to split its business.

Daily Record

Chris Watts tried to 'blame mistress' for murdering his pregnant wife and two daughters

The evil dad killed pregnant Shan'ann, 34, and their daughters, Bella, four, and three-year-old Celeste in Frederick, Colorado, in 2018 before hiding their bodies in oil tanks.

Irish Mirror

Eamon Ryan confident that new turf laws will be introduced this year

Draft legislation would see a ban on the commercial sale of turf in communities with over 500 people

StockNews.com

3 Red-Hot Momentum Stocks to Buy in May

The benchmark indices closed the last month in the red. The market was weighed down by the raging inflation and fear of the Fed’s policy changes. Amid this, fundamentally strong stocks Enerplus (ERF), Athabasca Oil (ATHOF), and Transportadora de Gas (TGS), have gained significant momentum despite the market turbulence.

Benzinga

What's Going On With Baytex Energy Shares Today

RBC Capital analyst Greg Pardy raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$7 from C$6 while maintaining the Sector Perform rating on the shares. Pardy notes Baytex is off to a nice start in 2022 amid ongoing debt reduction and impressive drilling results in its emerging Clearwater oil play. The analyst…

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