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The Latest Breaking News from Oil

Russia investigates large oil depot fire in region near Ukraine

Russia said on Monday it would investigate the cause of a large fire that erupted in the early hours of the morning at an oil storage facility in the city of Bryansk 154 km (96 miles) northeast of the border with Ukraine.

Reuters

Commerce Ministry to curb price of goods

The Commerce Ministry has vowed to do all it can to control rising consumer goods prices when the retail price of diesel fuel is allowed to rise on May 1.

Bangkok Post

Manhunt on for suspects as 100 die in Nigeria refinery blast

A Nigerian oil official says as many as 100 people may have died in an explosion at an illegal oil refinery in southeastern Nigeria

The Independent UK

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In shadow of war, Russians, Ukrainians mark Easter in UAE

Hundreds of Russians and Ukrainians alike were crowding into the only Russian Orthodox Church on the Arabian Peninsula to celebrate the most important Christian religious festival of the year

The Independent UK

Hope India reconsiders, takes more critical stance against Russia: Polish Foreign Minister

Warsaw calls for New Delhi to join humanitarian conference on Ukraine, seeks support on demand for Russia’s ouster from G-20

The Hindu

All back to mine: Angela Hartnett’s recipes for easy entertaining

Asparagus quiche, crab salad and floating islands – the Michelin-starred chef shares exclusive recipes from her new cookbook for fuss-free cooking for friends

The Guardian - UK

Tesco Ireland responds over fears Irish stores could follow UK lead in rationing key food product

The shortages have been attributed to the war in Ukraine disrupting supplies of sunflower oil to the UK

Irish Mirror

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India's oil import bill doubles to $119 billion in FY22

NEW DELHI: India's crude oil import bill nearly doubled to $ 119 billion in the fiscal year that ended on March 31, as energy prices soared globally following the return of demand and war in Ukraine.

The Times of India

Tesco joins Morrisons and Waitrose in rationing cooking oil due to Russia-Ukraine war

Shoppers and food manufacturers are both hit by sunflower oil supply issues due to the ongoing Russia-Ukraine war

Chronicle Live

AP News Digest 6:07 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

Sanctions won't stop Putin — this might

All along, Putin has counted on the fact that Europe needs Russian gas. But that's also his Achilles heel

Salon

Cooking-oil chaos exacerbates a looming world hunger crisis

The world's supply of cooking oil — already squeezed by war — is getting smaller.

Tribune News Service

Indonesian farmers support palm oil export ban

JAKARTA: Indonesia's Oil Palm Farmers Union said on Sunday it supported the government's ban on palm oil exports, calling it a temporary measure that was needed to ensure supply and affordability of cooking oil in the domestic market.

Bangkok Post

A divided France and a Germany unsure of its identity threaten Europe’s future

In a time of multiple crises and dangers, the EU needs urgently to recover a sense of common purpose

The Guardian - UK

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Wales Online

Morrisons apologises for low availability of meat and lettuce

The store blamed supply issues on "low availability"

The Guardian - US

Saudis’ Biden snub suggests crown prince still banking on Trump’s return

Refusal to help US punish Russia and $2bn investment in Kushner fund signal crown prince’s displeasure with Trump’s successor

The Independent UK

China promotes coal in setback for efforts to cut emissions

China is promoting coal-fired power as the ruling Communist Party tries to revive a sluggish economy, prompting warnings that Beijing is setting back efforts to cut climate-changing carbon emissions from the biggest global source

The Independent UK

Trump repeats 2020 election lies and rants about dishwashers at Ohio rally for JD Vance

Trump and Ohio Senate candidate JD Vance falsely claim Joe Biden is still allowing oil imports from Russia despite signing an order banning them last month

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The Independent UK

Labour demands emergency cost-of-living Budget as NI rise felt in pay packets

Labour is pushing for a one-off windfall tax on oil and gas producer profits to help cut household bills by up to £600.

Daily Mirror

Brits could see food bills rising by £1,000 a year amid cost of living crisis

Retail expert Clive Black says food prices have risen by up to 12%, putting the average family’s food shop of £150-£200 up by around £20 a week. The steep rise adds up to more than £1,000 over a year

Al Jazeera

Explosion at Nigerian illegal oil refinery kills more than 100

Unemployment and poverty in oil-producing Niger Delta has made illegal crude refining an attractive but deadly business.

ABC News

Sydney's Chinese-Australians buying food for family in lockdown in Shanghai

Sydney residents are securing food for their families in Shanghai, who continue to live under strict lockdown rules because of a COVID-19 Omicron outbreak.

The Guardian - UK

Zelenskiy’s economic guru: ‘Germany can survive without Russian oil: I wouldn’t want my country facing the shame’

Exclusive President Zelenskiy’s economic adviser, Oleg Ustenko, tells of his fury at how Europe’s refusal to act is piling more misery on Ukraine

The Guardian - UK

Countries buying Russian oil ‘complicit in war crimes’ says Ukraine adviser

Oleg Ustenko lashes out at ‘unacceptable’ failure to impose complete embargo on Russian imports

Asharq Al-Awsat

Sanctions Hit Russian Economy, Although Putin Says Otherwise

Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West. While Russia can claim some symbolic victories, the full impact of Western sanctions is starting to be felt in very real ways. As the West moved to cut off…

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