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The Latest Breaking News from Oil

How Africa is bearing the brunt of palm oil's perfect storm

Djeneba Belem's fried bean cake stall in Abidjan is a world away from the war raging in Ukraine. But her business is now at the mercy of an unexpected consequence: runaway palm oil prices.

Reuters

Chipa guazú: Whip up this Paraguayan cornbread side for your next BBQ

This dish from the ‘The Platinum Jubilee Cookbook’ is perfect to share, writes Prudence Wade

The Independent UK

UK has imported £220 million of Russian oil since war in Ukraine started, Greenpeace says

Figures show 1.9 million barrels of oil have been imported since Vladimir Putin’s invasion began

The Independent UK

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Oil Prices Steady as Russia Supply Fears Meet Asian Demand Concerns

Oil was broadly steady on Wednesday after Russia cut gas supplies to Bulgaria and Poland, although lingering concerns about Asian coronavirus lockdowns weighing on economic growth and oil demand kept a lid on prices. Having dipped into negative territory, Brent crude futures rose 26 cents, or 0.3%, to $105.25 a…

Asharq Al-Awsat

Truck owners threaten 20% freight charge hike if diesel cap lifted

Truck owners have demanded the government continue to cap the diesel price at 30 baht per litre for a year - or they will immediately hike freight charges by 20% this Sunday.

Bangkok Post

Oil execs got big pay amid price hikes

Bonuses alone for executives at 28 of the top oil and gas companies combined topped $31 million combined

Salon

Gas prices surge as Russia says it is cutting supply to Poland and Bulgaria

Vladimir Putin has demanded that ‘unfriendly’ countries pay for gas in roubles

Evening Standard

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Tesco, Morrisons and Waitrose introduce new rule due to supply chain problems

Tesco is allowing three coking oil items per customer while Waitrose and Morrisons have placed limits of just two items each, in what they are calling a temporary measure to 'ensure availability'.

Edinburgh Live

Tunisia Detains Crew of Ship that Sank off its Coast this Month

A Tunisian judge detained seven crew members of a commercial ship that sank off the coast of the southern city of Gabes this month, a judicial official said on Wednesday, as authorities investigated whether the ship may have been deliberately sunk.

Asharq Al-Awsat

Asian shares decline, echoing broad slump on Wall Street

Asian shares mostly have retreated, echoing a broad decline on Wall Street and driven by worries about how the war in Ukraine may push prices for oil and other commodities higher

The Independent UK

Giant former aluminium works at Holyhead and recycling equipment from Orthios up for sale after collapse

Begbies Traynor were appointed as administrator to Orthios by the main investor last month

Birmingham Post

Revealed: top US corporations raising prices on Americans even as profits surge

A Guardian analysis uncovers how companies enriched themselves and their investors while boasting about jacking up prices

The Guardian - US

Ayurvedic oil to combat ageing

Climate change can cause the skin to lose its eternal glow, and during this period we need to ensure that we calm our skin with a healthy and nourishing skincare routine. Our skin is the barrier that is protected from everything that has been going on around us and is…

The Times of India

Tunisia detains crew of ship that sank off its coast this month

Reuters

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Chicago Sun-Times

Russia’s war on Ukraine heats up cooking oil prices in global squeeze

Global cooking oil prices have been rising since the COVID-19 pandemic began, and Russia’s war in Ukraine has sent costs spiraling, another rising cost as inflation soars.

Daily Mirror

Russia warns UK diplomats in Kyiv could be targeted by Kremlin rocket attacks

The threat was issued by Russia’s defence ministry after Armed Forces Minister James Heappey said the UK backed Ukrainian airstrikes on Russian infrastructure

The Independent UK

Nigeria buries remains after illegal refinery blast

Remains of more than 100 workers and traders who died after an illegal refinery exploded in southeast Nigeria were buried on Tuesday in an official ceremony after an incident that shocked the region

Bangkok Post

Plug pulled on diesel cap

The government has appealed for public understanding over its decision to lift the 30-baht-per-litre diesel price cap next month.

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news in one place.

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Reuters

Nigeria conducts mass burial for victims of illegal refinery explosion

Dozens of charred bodies were buried in mass graves on Tuesday in Nigeria's Imo state as the stench of decomposing flesh hung in the air after more than 100 people were killed during a weekend explosion at an illegal oil refinery.

Benzinga

Mid-Afternoon Market Update: Crude Oil Rises Over 3%; Protagonist Therapeutics Shares Plummet

U.S. stocks remained lower toward the end of trading, with the Dow Jones tumbling more than 500 points on Tuesday.

Roll Call

Democrats call out India for buying Russian oil and weapons - Roll Call

Senators also warned the secretary of State to call out global human rights abuses as the U.S. focuses on threats posed by Russia and China.

StockNews.com

2 Dividend Aristocrats That Yield More Than 4%

Concerns about surging inflation and interest rate hikes are weighing on investors and extending the market’s correction. Amid any market downturn, dividend stocks are considered sound investments to ensure a steady portfolio income stream. Thus, we believe high-yield dividend stocks Exxon (XOM) and International Business (IBM) might be safe bets…

The Guardian - UK

Russia begins ‘gas blackmail’ of Poland and Bulgaria ahead of UK call to boost Ukraine military aid

Move follows Warsaw’s imposition of sanctions on 50 entities and individuals including Russia’s biggest gas company

AAP

Inflation jump largest since GST launched

The Australian Bureau of Statistics says the consumer price index rose 2.1 per cent in the March quarter, taking the annual rate to 5.1 per cent.

Chicago Sun-Times

Deconstructed shrimp spring rolls are the star of this salad

Bright, crisp vegetables, such as carrot and cucumber, and leafy herbs such as mint and cilantro, round out the salad and nail the spring roll flavors.

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