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The Latest Breaking News from Oil

Asda boss warns food prices will soar even higher and Tories must do more to help

Tory peer Lord Stuart Rose said prices 'are going to go higher' than 6%, will stay high 'for quite some time', and even he will be making choices about what he does and doesn't buy

Daily Mirror

Vladimir Putin's Ukraine invasion 'will spill beyond battlefield to divide the West'

The Russian invasion of Ukraine continues well into its third month as Putin's forces continue to refocus their efforts on the east of the country having failed to seize Kyiv

Daily Mirror

Tensions over cost of living surface, as Kwarteng sets face against ‘arbitrary’ windfall tax on energy firms

Asda boss warns government has been ‘slow’ to react to rising prices

The Independent UK

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EU leans towards Russian oil ban by year-end, diplomats say

The European Union is leaning toward a ban on imports of Russian oil by the end of the year, two EU diplomats said, after talks between the European Commission and EU member states this weekend.

Reuters

Cabinet rift appears over prospect of windfall tax on oil and gas profits

Business Secretary Kwasi Kwarteng voiced vehement opposition after Chancellor Rishi Sunak raised the possibility.

The Independent UK

This is where inflation runs hottest in America. Just ask voters

Few places in the U.S. have felt the sting of inflation like Arizona’s largest city, Phoenix, an unwelcome problem for Democratic Sen. Mark Kelly as he wages a reelection bid that is crucial to his party’s efforts to keep control of Congress.

Tribune News Service

How Chad's involvement in peace missions held back democracy back home

Troop contributions to international interventions by authoritarian states pose a puzzle. On the one hand, participation in such interventions indicates support for a liberal-cosmopolitan order that entails the protection of human rights at an international level. On the other, authoritarian regimes deny these rights to their own citizens.

The Conversation

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Fitch Upgrades Saudi’s PIF Outlook to ‘Positive’

Ratings agency Fitch on Friday revised the outlook on Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), to "positive" from "stable" following a similar action on the country. It also affirmed the PIF's rating at "A". Fitch had cited improvements in Saudi Arabia's balance sheet due to higher…

Asharq Al-Awsat

'I tried out the pan that cooks without oil and it's everything we need right now'

With prices rising and oil shortages to contend with, it's the perfect addition to anyone's kitchen

Manchester Evening News

Lebanon: Concerns Rise of Total Darkness after the Polls

Warnings are growing in Lebanon that the country’s lingering electricity crisis could worsen after its parliamentary elections on May 15, amid fears of total darkness engulfing the nation in light of dysfunctional public services. Walid Fayyad, Lebanon’s Energy Minister declared that the completion of the contract to import gas from…

Asharq Al-Awsat

LPG prices go up, 19-kg commercial cylinder now costs Rs 2,355.50

The price of a 19-kg commercial LPG cylinder has been increased by Rs 102.50 on Sunday, which now costs Rs 2,355.50 against the earlier price of Rs 2,253.

Dynamite News

Andhra Pradesh: Oil palm ryots cheer record jump in price

AMARAVATI: The Ukraine war is helping oil palm farmers in the state. Palm fruit now costs ₹22,000 per tonne from the previous ₹10,000 per tonne. Edible oil prices continue to soar in open market due to shortage.

The Times of India

Buffett is back with one of his biggest buying sprees in years

After complaining for years that high valuations were thwarting his stock-buying efforts, Warren Buffett’s Berkshire Hathaway Inc. is back hoovering up other companies’ shares.

Tribune News Service

High energy prices leave oil giants untroubled by Russia exit or tax hints

BP and Shell are expected to report increased profits this week despite taking a big hit from the war in Ukraine

The Guardian - UK

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Wales Online

Zelensky: We will drive the occupiers out, Ukraine will be free - full speech in English

The president suggested Russia is preparing for heavy losses

Tribune News Service

EU to propose phasing out Russian oil by end of year

BRUSSELS — The European Union is set to propose a ban on Russian oil by the end of the year, with restrictions on imports introduced gradually until then, according to people familiar with the matter.

The Guardian - UK

The sound you can hear is the dying groans of a clapped-out government

The Tories are a scandal-ridden party that is simply bereft of ideas or direction

The Hindu

Minister urges commuters to use public transport

Sivasankar says it is necessary to ensure sustainable energy for the future

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Benzinga

5 Ways To Use CBD For Anxiety

This article was originally published on Cannabis & Tech Today and appears here with permission.

The Independent UK

Buffett invests big chunk of Berkshire Hathaway's cash

Berkshire Hathaway’s first-quarter earnings fell more than 53% on a large swing on the paper value of its investments, but Warren Buffett found some ways to put the company’s massive cash pile to work

Tribune News Service

Stephen L. Carter: Driving more slowly won’t help defeat Putin

While we’re on the subject of swashbuckling billionaires, Richard Branson has lately proposed lowering speed limits, a move he says will save gasoline and thereby reduce the flow of money to Russian President Vladimir Putin’s war machine. I’m all for defeating Putin, but making drivers slow down would have little…

Homes & Gardens

How to clean a stainless steel sink – 6 steps for a sparkling and spotless space

Our expert-approved method for shining up your surfaces

Dynamite News

Senior IRTS officer Ranjan Prakash Thakur assumes charge as Chief Vigilance Officer of ONGC

Ranjan Prakash Thakur, an Indian Railway Traffic Service (IRTS) officer of 1990 batch has taken charge as Chief Vigilance Officer (CVO) of the country's Maharatna company Oil and Natural Gas Corporation (ONGC). Full details on Dynamite News:

Reuters

Shelling in Russia's Bryansk region hits parts of oil terminal - Russian news agencies

Russian air defences prevented a Ukrainian aircraft from entering the Bryansk region on Saturday, Russian news outlets reported citing the region's governor, adding that as a result shelling hit parts of an oil terminal and adjacent territory.

Bangkok Post

PTTEP quitting Yetagun gas field in Myanmar

PTT Exploration and Production Plc (PTTEP) of Thailand and Petronas of Malaysia say they are withdrawing from the Yetagun natural gas project in coup-hit Myanmar.

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