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The Latest Breaking News from Oil

Rishi Sunak reportedly considering windfall tax on electricity generators

Levy could be extended beyond oil and gas producers to help households in cost of living crisis

The Guardian - UK

Russia-Ukraine war: List of key events, day 90

As the Russia-Ukraine war enters its 90th day, we take a look at the main developments.

Al Jazeera

Saudi Finance Minister Expects 7.4% Growth in 2022

Saudi Finance Minister Mohammed al-Jadaan announced that the Kingdom expects a 7.4 percent growth in 2022. Speaking at a panel on the economic outlook for the MENA region at the World Economic Forum in Davos (WEF), Jadaan explained that Saudi oil GDP would grow 19 percent this year due to…

Asharq Al-Awsat

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The Burning Sea review – Norwegian oil-spill thriller aims to avert disaster

Mildly eco-catastrophising offering, in which pasty boiler-suited characters try to cope with liquid disaster

The Guardian - UK

UAE's ADNOC, BP and Masdar Forge Energy Partnership

The Abu Dhabi National Oil Company (ADNOC), oil major BP and Abu Dhabi future energy company Masdar have joined forces to develop clean hydrogen and technology hubs. Announcing their new-energy partnerships, ADNOC said the H2Teesside low-carbon hydrogen project with BP had moved into the design phase. Other partnerships include a…

Asharq Al-Awsat

Windfall tax ‘won’t help’ cost of living crisis energy firms say as 31 call on Sunak to ditch idea

Signatories warn that the industry is only in the early days of a recovery.

The Independent UK

31 energy companies beg PM not to hit them with a windfall tax

There are calls for a one-off tax on companies making billions of pounds a month to help families unable to afford gas and electricity

Wales Online

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Data | Will a cut in Centre’s excise duty on petrol reduce States’ sales tax revenue?

Data show that a drop in the Centre’s excise duty, regardless of the component deducted, reduces the States’ VAT collections

The Hindu

Palantir, Trafigura aim to track carbon emissions for the oil, metals industry

Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil, gas, refined metals and concentrates sector.

Reuters

Battles being fought in eastern Ukraine could determine the country’s fate, Ukraine’s defence ministry spokesperson says – as it happened

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

The Guardian - AU

Menu planner: Braised barbecue brisket just the thing for Memorial Day feasts

Thinking ahead to your next few meals? Here are some main dishes and sides to try.

Chicago Sun-Times

AP-NORC poll: Economy grows as priority on Russia response

Americans are becoming less supportive of punishing Russia for launching its invasion of Ukraine if it comes at the expense of the U.S. economy, a sign of rising anxiety over inflation and other challenges

The Independent UK

Ukraine says more than a dozen civilians killed in Russian attacks in Donetsk and Luhansk

Ukraine's military said Russian troops had killed at least 14 civilians and injured 15 more on Tuesday during mass attacks in the eastern Luhansk and Donetsk regions, the focus of Moscow's latest offensive in its three-month-old invasion of Ukraine. Follow FRANCE 24's liveblog for the latest developments. All times are…

France 24

Duterte hits Putin: I kill criminals, not children, elders

Outgoing Philippine President Rodrigo Duterte has sharply criticized Russian leader Vladimir Putin for the killings of innocent civilians in Ukraine, saying while the two of them have been tagged as killers, “I kill criminals, I don’t kill children and the elderly.”

The Independent UK

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Al Jazeera

Inside India’s policy flip-flop on wheat exports

India’s policy uncertainty can be traced back to inaccurate crop estimates and the poor decisions based on that.

Wales Online

Eco activists 'could undermine security and hinder net-zero bid'

Offshore energy body issues warning to organisations

The Guardian - UK

Russia-Ukraine war: what we know on day 90 of the invasion

A veteran Russian diplomat has resigned over his country’s invasion of Ukraine as a Kyiv court sentences a Russian soldier to life in prison

Reuters

Russia pounds Ukraine's east as town buries dead in mass grave

Russian forces on Wednesday pounded Ukrainian-held twin cities in the Donbas region that is now the focus of the three-month war, threatening to shut off the last main escape route for civilians trapped in the path of their advance.

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The Independent UK

Oil and gas industry calls on Johnson to reject windfall tax proposal

Signatories warn that the industry is only in the early days of a recovery.

The Independent UK

Eco activists ‘could undermine energy security and hinder net-zero effort’

Offshore Energies UK said the industry is ‘aligned with their long-term vision’.

Insider UK

UK Government urged to support net zero projects to protect Scottish jobs

Report calls for Westminster to approve the carbon capture project at St Fergus and Holyrood to approve a North East freeport

The Times of India

Gujarat: 56,000 litres of diesel leaks out from BPCL pipeline at Kandla

RAJKOT: Close to 56,000 kilo litres of high-speed diesel leaked out near Deendayal Port Trust (DPT) following an alleged pilferage attempt.

ABC News

ASX down as tech stocks fall, US stocks close higher before Snap tanks

The ASX 200 dropped on Tuesday, while Tabcorp plummets. In the US, stocks closed higher before Snap tanked in after-hours trading.

Al Jazeera

Ukraine latest updates: Kyiv says invasion in most active phase

Ukraine news from May 24: Defence ministry says battles being fought in eastern Ukraine could determine country’s fate.

Bangkok Post

GSB ready to assist THAI, Oil Fuel Fund

The Government Savings Bank (GSB) stands ready to extend loans to Thai Airways International (THAI) and the Oil Fuel Fund to boost their liquidity if the government adopts a policy for it to do so, said GSB chairman Prapas Kong-Ied.

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