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The Latest Breaking News from Oil

Asian shares mostly higher after wobbly day on Wall Street

Asian shares have logged moderate gains after Wall Street stabilized following a sell-off in tech stocks a day earlier

The Independent UK

Indonesia navy seizes two tankers carrying palm oil

Indonesia's navy seized two tankers carrying crude palm oil, palm olein and methanol for what it said were permit and paperwork violations, in an operation conducted a day before a palm oil export ban took effect, it said on Thursday.

Reuters

US Calls on Libyan Leaders to Immediately End Oil Shutdown

The US called Wednesday on Libyan leaders to immediately end the continued closure of oil sites and ports, stressing that such practices cost the country additional millions and risk an environmental disaster. In an unusual tone, the US embassy in Tripoli issued a statement expressing Washington’s “deep concern” over “the…

Asharq Al-Awsat

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Thursday briefing: The cost of living strategies that could actually work

In this morning’s newsletter: Archie Bland talks to economics correspondent Richard Partington about what more the government could do to help the worst off in society

The Guardian - UK

Oil Falls as China Fuel Demand Concerns Linger

Oil prices dropped on Thursday as investor remained cautious about dwindling fuel demand in China, the world's biggest oil importer, due to COVID-19 restrictions. Brent crude futures fell $1.48, or 1.41%, to $103.84 a barrel by 0426 GMT.

Asharq Al-Awsat

Diesel price to rise to B32/litre Sunday

The retail price of diesel in Greater Bangkok will rise above the 30-baht capped price to 32 baht per litre this Sunday morning, according to the Oil Fuel Fund Office (Offo).

Bangkok Post

Blasts hit Kyiv as U.N. chief visits, U.S. pledges new Ukraine aid

Russia fired two missiles into Kyiv on Thursday during a visit by U.N. Secretary General Antonio Guterres, Ukrainian officials said, as Moscow pressed an assault in the east that drew new U.S. pledges of military and humanitarian aid.

Reuters

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Scottish rapeseed manufacturer acquires oat milk start-up

Founders will remain as shareholders, while acquiring company's leaders will become chair and chief executive

Insider UK

Russia doubles fossil fuel revenues since invasion of Ukraine began

Country receives about €62bn from exports of oil, gas and coal in two months, with Germany the biggest importer

The Guardian - UK

Energy Dept OKs expanded LNG exports from Texas, Louisiana

The Energy Department has authorized additional exports of liquefied natural gas, or LNG, from planned terminals in Texas and Louisiana

The Independent UK

Medicana to invest B120m in hemp farm

Newly established Medicana Lab Co plans to spend 120 million baht to strengthen its medical hemp business by producing cannabidiol (CBD) oil from its hemp farm via a closed system.

Bangkok Post

Artists take 'Extraordinary' look at history

Number 1 Gallery celebrates the grand opening of its new branch at River City Bangkok with the group exhibition, "Extraordinary", which is running until May 8.

Bangkok Post

Take back your lunch hour (all of it!)

I once covered my kitchen in dried-up raw egg, chives and shame — but never again

Salon

Oil States International's Earnings: A Preview

Oil States International (NYSE:OIS) is set to give its latest quarterly earnings report on Thursday, 2022-04-28. Here's what investors need to know before the announcement. Analysts estimate that Oil States International will report an earnings per share (EPS) of $-0.13.

Benzinga

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The Independent UK

US: Ukraine war 'screams' need to reject Russian energy

Hours after Russia cut off natural gas to Poland and Bulgaria, the energy secretaries from the U.S. and the European Commission called for a rapid acceleration of wind power to help countries stop using Russian energy

Benzinga

Why Cenovus Energy Shares Are Trading Higher Today

Cenovus Energy Inc (NYSE:CVE) (TSX:CVE) reported a first-quarter basic EPS of C$0.81 compared to C$0.10 in 1Q21. Q1 total revenues increased to C$16.2 billion from C$13.7 billion in the previous quarter, driven by higher average realized sales prices for the company's products across the Upstream and Downstream businesses. The total operating margin was…

StockNews.com

2 Undervalued Energy Stocks with Much More Upside

Oil prices are expected to remain elevated for the foreseeable future due to a heightened supply-demand imbalance. The key factors behind the high prices are sanctions on Russian oil imports and surging energy demand in a normalizing economy. Given this environment, we think energy stocks W&T Offshore, Inc. (WTI) and…

Benzinga

Mid-Afternoon Market Update: Extreme Networks Drops After Q3 Results; Vivakor Shares Spike Higher

U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining 300 points on Wednesday.

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The Independent UK

Utah siblings sue Brazilian oil giant Petrobras for ‘orchestrating’ 2003 murder of their parents

Oil executive was murdered with his wife while investigating corruption in Brazil

The Guardian - UK

Rishi Sunak hints at U-turn on UK oil and gas windfall tax

The chancellor says nothing is off the table but fellow Tory ministers remain dismissive of idea

France 24

Putin shuts the tap: How will Europe respond to Russian gas cut?

The rest of Europe may not be at war, but is it ready for the sacrifices of a wartime economy? The Kremlin shutting the gas tap on Bulgaria and Poland may be but a prelude to a brutally swift transition away from Russian gas and oil. Deals will be dropped,…

USAFacts

10 facts about the US environment

Nonpartisan data on the country's land, air, energy consumption, and more.

Al Jazeera

US calls for weapons as Russia grinds Ukraine down

Ukraine’s army is holding out against a better equipped Russian invader but Washington warns time is not on its side.

Asharq Al-Awsat

Ukraine War to Curb Central Asian Economy, Oil Cushions Middle East, Says IMF

The war in Ukraine will sharply reduce economic growth in the Central Asian region in 2022, although higher oil prices will lessen the impact for the Middle East and North Africa, the International Monetary Fund said on Wednesday. Both regions will still feel the effect of surging commodity prices, and…

The Hindu

50 cases registered during raids on oil shops in A.P.

Traders selling oil in violation of price norms booked, says DG

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