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The Latest Breaking News from Oil

Hungarian PM Viktor Orban issues Russian oil embargo warning as he blasts ‘irresponsible’ European Commission

Hungary’s prime minister Viktor Orban has warned the prospects of Europe agreeing a ban on Russian oil exports are “not looking good”.

Evening Standard

If plastic comes from oil and gas, which come originally from plants, why isn’t it biodegradable?

Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to curiouskidsus@theconversation.com.

The Conversation

Ben Tish’s recipe for scaccia – Sicilian lasagne bread

Golden bread layered with sweet tomatoes and melting cheese, this Italian street food combines rustic simplicity with delicious indulgence

The Guardian - UK

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Chicken shish in sweet confit garlic marinade recipe by Sarit Packer and Itamar Srulovich

A great dish to make ahead, marinade the chicken for up to 48 hours for a surprisingly sweet delicate flavour

The Guardian - UK

Ravneet Gill’s recipe for ras malai cake

A sensational cake that is soaked in cardamom-spiced milk, bake it in a foil container, give everyone a spoon and get stuck in

The Guardian - UK

Oil price tops $120 a barrel as EU closes on Russian crude ban

The latest jump follows a 6% rise last week raising further inflation fears

Evening Standard

From black pepper tofu to Brussels sprout pasta, here’s five things to cook this week

Emily Weinstein discovers her new favourite way with tofu in this week’s meal plan

The Independent UK

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G7 countries to stop funding fossil fuel development overseas

Ministers from world’s biggest economies reach agreement that could shift estimated $33bn a year to clean energy sources

The Guardian - UK

Diesel price up again on Tuesday

The board of the Oil Fund decided on Monday to raise the cap on the price of standard diesel by one baht, from 31.94 baht to 32.94 baht per litre, from Tuesday.

Bangkok Post

Thomasina Miers’ recipe for white beans with leeks and caper salsa

The smooth comfort of the beans against the smoky leeks and gutsy dressing is a combination that belies its simplicity

The Guardian - UK

Iran Authorities Seize Vessel Allegedly Carrying Smuggled Fuel

Iranian authorities have seized a vessel carrying 106,500 liters of smuggled fuel and arrested nine crew members, the semi-official Tasnim news agency reported on Monday. "On the orders of the Qeshm Prosecutor, the officers of the marine base, while identifying a vessel carrying 106,500 liters of smuggled fuel, started the…

Asharq Al-Awsat

EU leaders meet in Brussels to break deadlock over Russian oil embargo

Ambassadors from the 27 European Union member states have been examining a compromise being tabled to break the deadlock on a Russian oil embargo ahead of a two-day emergency summit of EU leaders in Brussels.

Radio France Internationale

Live updates | Ukraine: intense battle going on for key city

A regional governor says an intense battle is going on for the key city of Sievierodonetsk in eastern Ukraine

The Independent UK

EU wrestles with Russia oil embargo as leaders gather

European Union leaders are gathering in a new show of solidarity with Ukraine

The Independent UK

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Reuters

EU summit to agree sanctions should include Russian oil embargo with pipeline exemption - draft

European Union leaders are due to agree at a summit later in the day that the sanctions package under preparation should include an embargo on Russian oil imports as punishemnt for Moscow invading Ukraine, but exempt pipeline crude deliveries.

The Guardian - UK

Cost of budget pasta, bread and beef mince surges; German inflation near 50-year high– as it happened

Prices of budget pasta, crisps, bread and mince products have surged in last year, pushing up cost of living for poorest families

Reuters

EU's Borrell hopeful of deal on Russian oil ban

European Union members should be able to reach an agreement on a next sanctions package against Russia, including restrictions on the imports of Russian oil, in talks currently held by officials, the bloc's foreign policy chief said on Monday.

Reuters

Analysis-How the Ukraine conflict is reshaping global oil markets

Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.

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The Guardian - UK

European Council is ready to grant Ukraine €9bn to aid in its post-war reconstruction – as it happened

This live blog is now closed, you can find our latest coverage of the Russia-Ukraine war here

Bangkok Post

OR banking on allies to grow non-oil ventures

One strategic move PTT Oil and Retail Business Plc (OR) is making to grow its non-oil businesses is seeking allies to work on new business opportunities together.

Asharq Al-Awsat

Zelensky Visits Ukraine’s East as Russia Makes Push in Donbas

Ukrainian President Volodymyr Zelensky on Sunday made his first trip to the country's war-torn east since the launch of Moscow's invasion, as Russian forces tightened their grip around key cities in the Donbas region. Zelensky's office posted a video on Telegram of him wearing a bullet-proof vest and being shown…

Asharq Al-Awsat

EU Unity on Russian Sanctions ‘Starting to Crumble’, German Minister Says

German Economy Minister Robert Habeck on Sunday expressed fears that the European Union's unity was "starting to crumble" ahead of a summit to discuss an oil embargo against Russia and plans to cut dependence on Russian energy. EU leaders will meet on Monday and Tuesday to discuss a new sanctions…

Reuters

EU fails to agree on Russia oil embargo, to try again Monday before summit

The EU failed on Sunday to agree on an embargo of Russian oil, but diplomats but will still try to make progress ahead of a Monday-Tuesday summit on an exemption for pipeline deliveries to landlocked Central European countries, officials said.

Reuters

EU unity on Russian sanctions 'starting to crumble', German minister says

Bangkok Post

Oil Fund to decide on diesel cap

The board of the Oil Fuel Fund is expected to decide on Monday if it will continue to cap the retail diesel price at 32 baht per litre for another week or raise it by one or two baht to relieve the burden on the fund, a source in the…

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