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The Latest Breaking News from Oil

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…

Bangkok Post

SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

Labour MSP Colin Smyth has demanded an apology from Blackman

Daily Record

EU debates watering down Russian oil ban in face of Hungarian opposition

A deal to placate Hungary’s prime minister, Viktor Orbán, could allow pipeline imports via Ukraine

The Guardian - UK

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Sooty hands and damaged lungs: the toll of Nigeria’s illegal refineries

A recent clampdown on illegal oil refineries in Rivers State was welcomed by campaigners alarmed at the mounting medical toll on those living in the area. But will it have a lasting impact?

The Guardian - UK

Iraq Proposes Clean Energy Investments to BP, Total

Iraq’s Oil Minister Ihsan Abdul Jabbar held talks in London and Paris with the chief executive officers of the British Petroleum company and France’s Total and officials from the French ministries of economy and energy. He proposed new plans to invest in the oil, gas and clean energy sectors, a…

Asharq Al-Awsat

Iranian Police Fire Shots, Teargas to Disperse Protests over Building Collapse

Iranian police used tear gas and fired shots in the air to disperse another night of protests over a deadly building collapse in the southwestern city of Abadan that officials are blaming on corruption and lax safety, Fars news agency and reports on social media said. Officials in the oil…

Asharq Al-Awsat

How to break Russia’s blockade of Ukraine’s Black Sea ports

(Bloomberg Opinion) - When I was operations officer on an Aegis guided-missile destroyer in the late 1980s, we were given a mission in the Arabian Gulf. The Iranians, amid the so-called Tanker War with Iraq, were trying to close off the vital Strait of Hormuz.

Bangkok Post

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Loophole could let North Sea oil and gas giants slash UK windfall tax bill

Critics warn chancellor Rishi Sunak will raise only a fraction of planned £5bn if firms offset new investment against profits

The Guardian - UK

Rural Scots ‘forgotten’ in Chancellor’s energy discount package, says Labour

Highlands and Islands MSP Rhoda Grant said those living in off-grid areas need clarity on whether they will receive the £400 energy bill discount.

The Independent UK

EU spares pipeline oil from Russian embargo plan to break logjam

The European Union proposed banning seaborne oil from Russia while delaying restrictions on imports from a key pipeline in an effort to satisfy Hungarian objections and clinch an agreement on a stalled sanctions package that would target Moscow for its war in Ukraine.

Tribune News Service

Iran says crew of two seized Greek tankers not detained and are on board

Iran's state maritime body said on Saturday the crew of two Greek tankers seized by its Revolutionary Guards on Friday had not been detained, and were in good health and being cared for on board their vessels.

Reuters

'The cruellest cut ever for me and my mum - the heartbreak of losing your hair'

Saira Khan shares the story of the grief and pain she felt cutting her mother's hair as her mum, who had always been very proud of her hair, went through chemotherapy to treat her cancer

Daily Mirror

Lord Browne: the man who went from BP and the North Sea to net zero

he former oil chief is now championing green energy as an investor – and also backing a windfall tax on his old industry

The Guardian - UK

Asian founders work to steer the narrative as beauty trends pull from their cultures

The latest obsessions in America's wellness craze are rooted in South Asian practices. Industry leaders who grew up with those rituals are caught between joy and a battle against cultural erasure.

WEKU

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Tribune News Service

Biden is running out of options to tame soaring gasoline prices

WASHINGTON — President Joe Biden has vowed to do everything in his power to fight record-setting gasoline and diesel prices, but he’s up against a stark reality: There are few options for taming the surge.

The Independent UK

War surges Norway's oil, gas profit. Now, it's urged to help

Europe’s frantic search for alternatives to Russian natural gas has dramatically increased the demand — and price — for Norway's oil and gas

The Guardian - UK

Georgina Hayden’s recipes for momos and persephone salad

Two ways to get children involved with their food: simple, Nepalese-style dumplings and a vibrant spring salad

The Times of India

Assam: Dibrugarh University mass Communication department holds conclave

DIBRUGARH: The Centre for Studies in Journalism Mass Communication (CSJMC), Dibrugarh University, hosted its two-day debut edition of “The Kaleido Conclave” on May 26 and 27 in collaboration with Oil India Limited (OIL) and Brahmaputra Cracker and Polymer Limited (BCPL). Among others, the editor-in-chief of East Mojo, Karma Paljor, journalist…

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Bangkok Post

Oil Fuel Fund asks for liquidity boost

The Oil Fuel Fund Office is asking the government to inject money into the fund from its central budget to increase its liquidity as it continues to subsidise the price of diesel, says office director Wisak Watanasap.

The Guardian - UK

Iran seizes two Greek tankers amid rising tensions in the Gulf

IRGC forces swoop on ships in what appeared to be a reprisal for Greece’s role in earlier seizure of Iranian oil tanker

The Guardian - AU

José Ramos-Horta accuses Alexander Downer of ‘distorting’ issues around 2004 Timor-Leste bugging

Exclusive: President of south-east Asian nation says Australia used cover of ‘supposedly altruistic foreign aid program’ to spy on behalf of oil companies

Al Jazeera

US, Netherlands call for action on decaying Yemeni supertanker

The two countries warn of potential economic, environmental and humanitarian effects if FSO Safer spills or explodes.

The Independent UK

Iran seizes 2 Greek tankers in Persian Gulf as tensions rise

Iran’s paramilitary Revolutionary Guard says it has seized two Greek oil tankers in the Persian Gulf

The Hindu

Petrol pump dealers in TS not to lift stocks on May 31

‘No Purchase’ protest in support of higher commission, voicing concern at losses when Excise duty is cut

Asharq Al-Awsat

Iran Seizes 2 Greek Tankers in Gulf, Tensions Spike

Iran's Revolutionary Guard seized two Greek oil tankers on Friday in the Gulf, just after Athens assisted the US in seizing an Iranian oil tanker over alleged sanctions violations in the Mediterranean Sea. The Guard's announcement comes as tensions remain high between Iran and the West over stalled negotiations regarding…

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