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The Latest Breaking News from Oil

Orban says EU summit should not discuss Russian oil embargo

Hungary unable to agree to the proposed EU sanctions until all outstanding issues resolved, PM says in a letter.

Al Jazeera

Govt allows duty-free import of 20 lakh tonnes per year of crude soyabean, sunflower oil

NEW DELHI: The government on Tuesday exempted customs duty and agriculture infrastructure development cess on 20 lakh metric tonnes yearly import of crude soyabean and sunflower oil, to ease domestic prices.

The Times of India

EU summit unlikely to find solution on Russia oil embargo, von der Leyen says

European Union leaders are unlikely to strike a deal on an oil embargo against Russia at their summit on Monday and Tuesday, head of the bloc's executive Ursula von der Leyen said.

Reuters

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3 Surging Oil & Gas Stocks with More Room to Run

Due to supply constraints and soaring demand, oil and gas prices are hovering at near record-high levels, delivering the highest-ever profits for the overall energy sector. Given the robust demand for energy, we think it could be wise to scoop up the surging stocks of oil & gas companies PBF…

StockNews.com

Explainer-U.N. plan to get Ukraine grains out faces hurdles

Turkey said on Wednesday a United Nations plan to set up a sea corridor for Ukrainian grain exports overseen by Ankara was "reasonable", but required more talks with Moscow and Kyiv to ensure ships would be safe.

Reuters

PharmaCielo Enters Spanish Market With Initial Shipment Of 300Kg Of CBD Full Spectrum Oil To Extractions Solutions

PharmaCielo Ltd.

Benzinga

Aldi shoppers rave about £4 facial oil they say 'makes their skin glow'

Shoppers have been raving about the Lacura Rose Facial Oil which promises to "leave your skin feeling soft and smooth".

Daily Record

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Hungary's Orban says EU summit should not discuss oil sanctions next week

The EU's proposed new sanctions including an oil embargo against Russia should not be discussed at next week's summit of EU leaders, Hungarian Prime Minister Viktor Orban wrote to the President of the European Council in a letter.

Reuters

Frontline Registers 12% Revenue Growth In Q1

Frontline Ltd (NYSE:FRO) reported a first-quarter operating revenue increase of 12.1% year-over-year to $217.44 million. Reported spot TCEs for VLCCs, Suezmax tankers, and LR2 tankers in Q1 were $15,700, $16,900, and $19,000 per day, respectively. Net operating income decreased by 7.2% Y/Y to $22.92 million, and the margin contracted by 220 bps…

Benzinga

Oil hazards aren't the main worry of Nigeria's coastal residents: toilets are

Nigeria’s coastal areas are known to present environmental hazards and risks. Oil exploration and exploitation is one source of these hazards. Oil spillage, gas flaring, air and water pollution and agricultural land contamination are serious problems in the region, with implications for human and environmental health.

The Conversation

Iraqi Kurdish leader says rejects federal court oil and gas ruling

Iraqi Kurdish Prime Minister Masrour Barzani said on Tuesday that the semi-autonomous region rejected a federal court ruling on its oil and gas activities as "political" and not constitutional.

Reuters

Inflation impact: Pricey palm oil dents Manapparai murukku trade

Manufacturers are hit by shortage in supplies and increased cost

The Hindu

The impact of Indonesia's ban on palm oil exports reverberated across the globe

Amid an ongoing global food price crisis, vegetable oils are registering record-breaking highs. According to data compiled by the Food and Agriculture Organization of the United Nations, the price for edible oils rose to almost 250 per cent of standard price levels.

The Conversation

Justice Rules: Man Who Helped Hundreds Of Cancer Patients With Illegal Cannabis Oil Saved From Jail

Andrew Baines was arrested in April 2020 after police discovered a kilo (2.2 pounds) of cannabis with a street value of £10,000 ($12,505) and 30 cannabis plants growing in English East Midlands' home. The man, however, avoided a jail sentence. How is this possible?

Benzinga

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Benzinga

Palantir-Trafigura Track Carbon Emissions For Oil and Gas Sector

Palantir Technologies Inc (NYSE:PLTR) and global commodities trader Trafigura will be tracking carbon emissions for the oil and gas sector, Reuters reports. They built a platform for oil majors and other commodities firms to vet the environmental impact of their supply chains, applying Trafigura's data to Palantir's operating system, known as Foundry. Also Read: Palantir…

Chicago Sun-Times

Tabbouleh salad a very green and ‘greedy’ salad

Tabbouleh consists of an abundance of fresh garden herbs, jumbled together with bulgur, citrus and olive oil, which paint this salad an unmistakable green.

Daily Mirror

What is a windfall tax? How it works as energy giants announce record profits

The Tory government reluctantly introduced a windfall tax on ballooning oil and gas profits, but critics say it should be tightened to produce more help for struggling families

The Times of India

India's crude oil production falls 1% in April

NEW DELHI: India's crude oil production fell 1 per cent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms such as ONGC, official data showed Tuesday.

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Daily Mirror

Energy bills price cap to rise to £2,800 in October, warns Ofgem boss

The news comes as Chancellor RIshi Sunak considers a windfall tax on electricity generators and oil and gas giants in a bid to help struggling households.

The National (Scotland)

Shell consultant quits over oil and gas giant's 'extreme harm' to planet

A SENIOR consultant at oil and gas giant Shell has announced her resignation from the company over its "disregard" for the climate…

Evening Standard

Extinction Rebellion activists storm meeting held by oil giant Shell

Extinction Rebellion (XR) activists stormed a meeting of energy giant Shell in London on Tuesday morning forcing it to be put on hold.

Daily Mirror

Tories 'to U-turn on windfall tax' with new levy on oil, gas and electricity giants

Chancellor Rishi Sunak has ordered Treasury officials to work on plans for new taxes that could net £10bn as Brits buckle under the strain of the cost of living crisis

The Guardian - UK

Three arrested at Shell AGM as protesters chant ‘We will stop you’

Environmental activists accuse firm’s board of spending more on green ads than green technology

France 24

Davos 2022: EU eyes ban on Russian oil as leaders discuss energy independence

With world leaders at Davos set to discuss energy independence and sustainability, Germany's economy minister says an EU ban on Russian oil could be "days away". Meanwhile, supply chain disruptions to the world economy are also on the agenda. FRANCE 24's Business Editor Kate Moody reports from the Swiss Alps.

The Independent UK

Davos climate focus: Can 'going green' mean oil and gas?

Government and corporate leaders at the World Economic Forum are debating whether oil and gas companies can or should be part of the future transition to renewable energies such as wind and solar

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