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The Latest Breaking News from Oil

Sunak would do well to retain option of windfall tax on oil and gas profits

Firms’ bleating would fade if sum is as little as £3bn, as models suggest, and levy is applied only rarely

The Guardian - UK

Some States indulging in fuel tax ‘hypocrisy’: Oil Minister

They like to criticise, not help people, says Hardeep Puri

The Hindu

How would a UK windfall tax on oil and gas profits work?

Analysis: Sunak hints Labour proposal ‘not off the table’ but criteria suggests very few firms would be penalised

The Guardian - UK

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Ukraine recap: the (apprehensive) view from neighbouring Moldova

It feels as if there has been an added whiff of danger about the conflict in Ukraine this week, which – for the first time since the Russian military crossed the border two months ago – threatens to go beyond Ukraine into neighbouring countries and, perhaps, Russia itself.

The Conversation

UK government fund invests in cannabis oil company and London microbrewery

Taxpayer-backed British Business Bank’s Future Fund, set up to provide loans in pandemic, announces 75 new investments

The Guardian - UK

Surprise Negative GDP Report Could Hurt Premarket Rally

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.

Benzinga

Are These Global Companies On The Right Side Of History?

Despite a global boycott of Russia and an international condemnation of the Kremlin’s actions against Ukraine, some multinationals have dismissed demands to exit or scale down their presence in Russia for various reasons and choosing to continue business-as-usual.

Benzinga

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Democrats announce plans to ‘go after’ big oil in effort to bring down prices

Nancy Pelosi says oil companies ‘hoarding the windfall while keeping prices high at the pump’ amid concerns over US inflation

The Guardian - US

Judy Garland’s Wizard of Oz dress expected to fetch more than £1 million at auction

Judy Garland’s famous Wizard of Oz dress expected to fetch more than £1 million at auction

Daily Mirror

Here's Why Warren Buffett Is So Bullish on Occidental Petroleum?

Revered investor Warren Buffett has a roughly 14% stake in Occidental Petroleum (OXY), one of the largest oil producers in the U.S. Buffett has been betting on OXY’s rapid growth and managerial efficiency of late. Furthermore, with a focus on sustainable production to reduce its carbon footprint, Buffett believes that…

StockNews.com

New P&O Ferries crew did not know how to use life-saving equipment, according to new report

Fast rescue boats were not properly maintained and oil filtering equipment was not working, reports says

Wales Online

German parliament backs heavy weapons supplies for Ukraine

Germany’s parliament approved a cross-party motion urging the government to quickly supply Ukraine with heavy weapons and other equipment to bolster its defense against invading Russian forces.

Tribune News Service

Reduce Your Use: Irish households urged to cut down on energy usage and save on bills

This new information campaign hopes to provide some practical advice

Irish Mirror

Putin gas cutoff shakes up Europe at little cost to Kremlin

Russian President Vladimir Putin is putting pressure on European governments with his proposal to pay for oil and gas in rubles

The Independent UK

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Benzinga

The Largest Public Harvest Of Medicinal Cannabis In Latin America: What To Know About Cannava, In Argentina

By Franca Quarneti, via EL Planteo.

Los Angeles Times

Russia threatens more Europe energy cutoffs as it batters Ukraine’s east

DNIPRO, Ukraine — Russia is “exerting intense fire” along a 300-mile battlefront in Ukraine’s east, the embattled nation’s military said Thursday, as the head of the United Nations landed in Kyiv for a high-profile visit amid escalating threats by Moscow to cut off energy supplies to more European countries.

Roll Call

Biden asks Congress for $33 billion in Ukraine aid - Roll Call

President Biden asked Congress for $33 billion more in military and economic assistance to help Ukraine in its war with Russia.

Reuters

Violence against activists grows as Colombia's pilot fracking projects progress

Colombia's anti-fracking activists are facing increased threats and violence as two investigative pilot projects to extract oil and gas from unconventional fields move forward, five campaigners said, with some forced to flee in fear for their lives.

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The Hindu

‘Travesty of justice’: Former Petroleum Minister Moily on PM’s ‘reduce VAT’ on petrol, diesel remark

Mr. Moily said Prime Minister Modi should have addressed the issue of skyrocketing prices as the average consumer food price has increased by 100% between March 2021 and March 2022, according to numbers released by the NSO

The Times of India

Travesty of justice: Former petroleum minister M Veerappa Moily on PM's 'reduce VAT' on petrol, diesel remark

NEW DELHI: Former petroleum minister M Veerappa Moily on Thursday hit out at Prime Minister Narendra Modi over his attack on the opposition-ruled states for not reducing Value Added Tax (VAT) on petrol and diesel, saying his remarks amount to "travesty of justice" in light of the Centre not cutting…

Irish Mirror

Ireland's favourite snacks could cost even more in months to come amid palm oil export ban

The government in Jakarta expanded its ban on the export of palm-based cooking oil to cover all exports to all countries

Benzinga

4 Stocks Under $2 Insiders Are Aggressively Buying

US crude oil futures traded lower this morning on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

The Independent UK

Remember that viral spring onion pancake recipe? This leek one is better

Leek season is fleeting, but it’s worth making the most of, says Hannah Selinger

Benzinga

Indonesia's Ban On Processed Palm Oil Export Kicks In Today: How Will Consumers, Businesses Be Hit?

As Indonesia vows to curb the surging cooking oil prices domestically, the country's President Joko Widodo has imposed a ban on the export of palm oil. The ban, which kicks in on Thursday, has already ignited worries of high global food prices amid the already rising inflation caused by the…

The Times of India

Vedanta declares Q4 results, reports highest ever EBITDA

NEW DELHI: Vedanta declared its financial results for the fourth quarter (Q4) ended March 31, 2022 on Thursday.

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