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The Latest Breaking News from Oil

ASX slips as inflation slows, Wall Street sinks on recession fears as First Republic Bank plunges 49pc

The Australian share market closed slighlty lower after the latest ABS figures showed that inflation fell from its December quarter peak, while Wall Street suffered its biggest falls in a month as fears of a banking crisis resurfaced, leading to shares of First Republic Bank plunging 49 per cent overnight.

ABC News

Crude Prices Move Lower on Dollar Strength and Economic Concerns

June WTI crude oil (CLM23 ) on Tuesday closed down -1.69 (-2.15%), and June RBOB gasoline (RBM23 ) closed down -5.17 (-1.98%). Crude oil and gasoline prices Tuesday retreated, with crude falling to a 3-week low. Dollar strength Tuesday pressured energy prices. Also, concern that a slowdown in the global...

Barchart

Tax shield on super gas profits leaves Australians looking like 'chumps', economist says

It was once described as world-leading, but calls are growing louder for changes to Australia's super gas profits tax amid claims it is collecting "beer nuts".

ABC News

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Cricket shouldn’t float on barrels of oil at a time of climate crisis

The Hindu

Global economic uncertainty means oil prices -- and your fuel bill -- will continue to surprise this year

Oil prices have confounded expectations in the first quarter of 2023. Brent – a major global benchmark – hit a low of US$72 (£58) a barrel on March 17, while the world’s other main benchmark, WTI, dropped to less than US$66 a barrel. This is a far cry from the…

The Conversation

Swiss indict 2 managers of Saudi oil company in 1MDB scandal

Swiss prosecutors say they have indicted two managers of a Saudi oil exploration company as part of a yearslong international investigation of a Malaysian sovereign wealth fund

The Independent UK

Crude Oil Prices Retreat on Dollar Strength and Economic Concerns

June WTI crude oil (CLM23 ) this morning is down -1.73 (-2.20%), and June RBOB gasoline (RBM23 ) is down -5.97 (-2.29%). May Nymex natural gas (NGK23 ) is down -0.043 (-1.89%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 3-week low. Dollar...

Barchart

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Reed diffuser vs oil diffuser — what’s the difference and which is best?

Discover the differences between a reed and oil diffuser, plus advice on which is one for you

Real Homes

Tory former net zero tsar calls for halt to Rosebank North Sea oil project

MP Chris Skidmore says approval would undermine UK’s efforts to tackle climate crisis and its claims to leadership on world stage

The Guardian - UK

I’m a Tory MP, but I can’t let ministers trash our net zero pledge with the Rosebank oilfield

It would be able to produce 500m barrels, exceeding our carbon budgets for the oil and gas industry. It will also make the UK poorer, says Chris Skidmore, chair of the Net Zero Review

The Guardian - UK

Anatomē’s apothecary products will make you sleep, move and feel better

Sounds like a win in our books

Evening Standard

3 Energy Growth Stocks to Pump Into Your Portfolio

Rising demand for oil and gas amid Chinese economic recovery and production cuts could push oil prices up in the upcoming months. Given this backdrop, quality energy stocks NexTier Oilfield Solutions (NEX), NOW Inc. (DNOW), and NCS Multistage Holdings (NCSM) could be solid portfolio additions now. Read on….

StockNews.com

Plumber exposes the shocking cost of flushing common household items down the toilet

Many homeowners may be flushing items down the toilet without realizing they're on a fast track to racking up huge repair bills

Irish Mirror

Petrol prices fall below $2 per litre, amid oil market uncertainty

Australian motorists are enjoying relief as petrol prices fall from Easter highs after a recent bump in oil prices.

The New Daily

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The Guardian - UK

John Kerry: relying solely on CO2-removal technology is ‘dangerous’

Exclusive: US climate envoy says existing measures, such as shift to renewable energy, must be deployed faster to stop global warming

Reuters

Pro-Ukraine scholars call for much tougher sanctions on Russia

A group of pro-Ukrainian scholars has called for much tougher Western sanctions on Russia, including halving an oil price cap to $30 a barrel, imposing a full embargo on Russian steel, iron and diamonds and making it easier to confiscate Russian assets.

Evening Standard

Just Stop Oil stage second day of slow marches on central London roads

Just Stop Oil activists have begun slowly marching on the streets of Westminster in a second day of action.

The Guardian - US

‘Like a dam breaking’: experts hail decision to let US climate lawsuits advance

Cities bringing climate litigation against oil majors welcome US supreme court’s decision to rebuff appeal to move cases to federal courts

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Asharq Al-Awsat

Oil Prices Stable as Investors Ponder China Demand, Rate Hikes

Oil prices held steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates elsewhere, slowing economic growth. Brent crude fell 3 cents to $82.70 a barrel at 0620 GMT, while US West Texas Intermediate crude also eased…

Al Jazeera

Malaysia’s energy needs face Chinese pushback in South China Sea

Malaysian Prime Minister Anwar Ibrahim has insisted gas and oil exploration will continue despite objections by Beijing.

The Independent UK

Complete guide to all the glittering regalia used at the coronation

The priceless objects are part of the Crown Jewels – the nation’s most precious treasures.

The Independent UK

Cuba cancels events, rations sales as fuel shortages worsen

After days of people forming long lines to get gasoline, Cuba’s fuel supply crisis has increased dramatically with authorities now suspending some activities and rationing sales

The Guardian - UK

North Sea drilling: Greenpeace prepares to challenge ‘disastrous’ UK decision

Court to decide if judicial review of Liz Truss move to allow new oil and gas drilling should be permitted

Barchart

Crude Oil Closes Moderately Higher on Stronger Chinese Fuel Demand

June WTI crude oil (CLM23 ) on Monday closed up +0.89 (+1.14%), and June RBOB gasoline (RBM23 ) closed up +3.47 (+1.35%). Crude oil and gasoline prices Monday recovered from early losses and closed moderately higher. A fall in the dollar index to a 1-week low Monday was bullish for...

The Hindu

Cab driver arrested in Eluru ‘rape’ case

The Disha police on April 24 (Monday) arrested a cab driver, Sadarla Anudeep, 30, on charges of repeatedly raping a 23-year-old girl by holding her captive in his house for two weeks under the Eluru police limits. On April 23, the victim was rescued by her parents from the accused,…

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