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The Latest Breaking News from Oil

Italy’s ENI, NOC Discuss Plans to Develop Libya’s Oil Fields

Chairman of Libya’s National Oil Company (NOC) Mustafa Sanalla held talks with General Manager of Eni North Africa Antonio Bolsari in Tripoli on Wednesday. Sanalla’s Advisor Bashir Grea, the General Manager of Legal Affairs Dr. Kalfallah Ibrahim and the Project and Maintenance Manager Najmi Karim attended the meeting. Several topics…

Asharq Al-Awsat

A brief history of windfall taxes: who used them and why

Windfall taxes have been used by Tory governments at least three times in the last 40 years

The Guardian - UK

UN Council to Vote Thursday on Tougher N.Korea Sanctions

The United Nations Security Council will vote Thursday, at the request of the United States, on a resolution aimed at toughening sanctions on North Korea after it fired an intercontinental ballistic missile, diplomats said Wednesday. The United States, which holds the rotating Security Council presidency for May, has scheduled the…

Asharq Al-Awsat

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Greece to Send Iranian Oil from Seized Ship to US

Greece will send Iranian oil from a seized Russian-flagged tanker to the United States at the request of the US judiciary, Greek port police said Wednesday, a decision that angered Tehran. Last month the Greek authorities seized the Pegas, which was said to have been heading to the Marmara terminal…

Asharq Al-Awsat

G7 can spearhead climate fight by agreeing to phase out coal, Germany says

The Group of Seven countries can spearhead the fight against climate change and accelerate a pivot away from fossil fuels by agreeing to phase out coal power generation, Germany's economy minister Robert Habeck said on Thursday.

Reuters

OR seeks partners to grow non-oil projects

PTT Oil and Retail Business Plc (OR), Thailand's largest oil and coffee shop operator by volume, is pushing ahead with its new vision to partner with startups and small and medium-sized enterprises (SMEs) over the next eight years to achieve rapid growth of non-oil businesses together.

Bangkok Post

Infrastructure plan: $33M to clean up hundreds of oil wells

The Biden administration says $33 million in infrastructure money will be used to clean up some 277 of an estimated 15,000 abandoned oil and gas wells on federal land

The Independent UK

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WA industries are big polluters, and Labor's 2030 emissions target could hit them hard

Green groups say Australia's biggest polluters have been allowed far too much "wriggle room" under a scheme designed to lower carbon emissions. But will things be any different the new federal government?

ABC News

Oil and gas producers warn windfall tax would do long-term harm to industry

Offshore Energies UK, which represents the offshore oil and gas industry, said the tax would undermine investor confidence.

The Independent UK

Egco aims to increase capacity by 1GW

SET-listed Electricity Generating Plc (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand, plans to increase its power generation capacity by around 1 gigawatt and will continue to acquire more assets to grow its energy portfolio.

Bangkok Post

As Washington ramps up efforts to bring India on board with sanctions against Russia, U.S. treasury official on visit to Mumbai and Delhi

U.S. Assistant Secretary to discuss Russian oil purchases by India, rupee-rouble trade mechanism

The Hindu

U.N. Security Council to vote 'in coming days' on N.Korea sanctions, U.S. official says

The U.N. Security Council will vote in the "coming days" on a U.S.-led push to further sanction North Korea over its renewed ballistic missile launches by banning tobacco, cutting oil exports to Pyongyang and blacklisting the Lazarus hacking group, a senior U.S. administration official said on Wednesday.

Reuters

Superdrug shoppers 'can't live without' £5 'holy grail' product that leaves skin 'like silk'

One Superdrug shopper said: "I absolutely cannot live without it"

Liverpool Echo

Govt exploring rupee-rouble payment for fuel import amid sanction: Report

NEW DELHI: The government is exploring a payment mechanism for the import of oil from Russia in view of the sanctions imposed by the US and European countries following Moscow's attack on Ukraine.

The Times of India

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Tribune News Service

How high could gas prices get this summer? What experts say as Memorial Day nears

With the busy summer travel season approaching, many are wondering how high could U.S. gas prices get?

The Independent UK

Cost of living crisis: Majority of UK public supports windfall tax, poll shows

Exclusive: New polling shared with The Independent finds that more than 60 per cent of the public support one-off levy

Asharq Al-Awsat

US Says it Imposes Sanctions on Moscow-Backed Iranian Oil Smuggling Network

The United States on Wednesday imposed sanctions on what it described as a Russian-backed oil smuggling and money laundering network for Iran's Revolutionary Guards Quds Force, even as Washington tries to revive the Iran nuclear deal. The US Treasury Department said the network was led by current and former Quds…

Chicago Sun-Times

Cherelle Griner wants U.S. to do more to secure release of wife Brittney Griner

The Phoenix Mercury center has been detained since Feb. 17 after vape cartridges containing oil derived from cannabis were allegedly found in her luggage at an airport near Moscow.

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Manchester Evening News

Two men arrested over 'theft of cooking oil across Cheshire'

Both men were held after police swooped on a car in Wilmslow

Daily Mirror

27 best skincare products 2022 - from serums to oils, toner to moisturiser and many more

Fancy splashing your hard-earned cash on some new beauty products? Well you won’t want to tap your card before reading our comprehensive guide on the best skincare products out right now!

Axios

Biden officials in Saudi Arabia for talks on oil, planned visit

The president is considering visiting Saudi Arabia as part of his planned trip to the Middle East next month.

Al Jazeera

Oil-rich Niger Delta still ‘land of misery’: Goldman Prize winner

Chima Williams was recognised for his role in helping oil communities win a 13-year-old case against Shell at The Hague.

The Guardian - UK

‘Anxiety is part of me’: Mara Wilson and other anxious minds on how they cope

From lavender oil to a cold martini, Bruce Springsteen to sertraline, four writers share the tools they have found to manage their symptoms

Wales Online

What is a windfall tax and how would it work? Windfall tax explained as energy companies announce huge profits and bills soar

There are increasing calls for a one-off tax on massive firms such as BP and Shell to tackle the cost of living crisis

Radio France Internationale

French green activists block TotalEnergies general meeting over climate inaction

More than 100 activists tried to block oil giant TotalEnergies' annual general meeting in central Paris on Wednesday to protest the energy firm's climate policies and continued presence in Russia following the invasion of Ukraine. But investors approved a controversial shareholder resolution by 88.89 percent.

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