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The Latest Breaking News from Oil

California lays out plan to drastically cut fossil fuel use

California air regulators said Tuesday the state should cut petroleum use by 91% by 2045 in order to achieve ambitious climate change goals

The Independent UK

‘How many more months should we suffer?’: Indonesians struggle with pricey cooking oil

Indonesia’s ban on cooking oil exports has failed to address supply shortages and lower prices of the key ingredient

The Guardian - AU

State to let some prices rise, minister concedes

Commerce Minister Jurin Laksanawisit has admitted that certain products will be allowed to increase their prices because of higher oil costs, which directly affect production costs and transport fees.

Bangkok Post

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Sentiment down 4 months in a row

Consumer sentiment plunged for the fourth straight month in April, hitting the lowest level in eight months, as consumers remained concerned about rising costs of living and high oil prices caused by the impact of Russia's invasion of Ukraine.

Bangkok Post

Hummus enjoys a sweet potato makeover

Hummus is wonderfully accommodating to embellishment and bling, such as the addition of pureed root vegetables and tubers, including beets, carrots or sweet potatoes.

Chicago Sun-Times

Pasta alla Norma a classic, timeless Italian dish

While the ingredients technically qualify it as a late summer dish, it can be prepared year-round, which is good news for us.

Chicago Sun-Times

State urged to review methyl ester plan

The Thai Biodiesel Producer Association (TBPA) is calling on the government to reconsider its plan to further reduce the rate of palm oil-derived methyl ester blended in diesel to avoid a greater impact on the biodiesel industry, as capacity utilisation stands at only 30%.

Bangkok Post

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Australia could rapidly shift to clean transport – if we had a strategy. So we put this plan together

Australia has no clear strategy to decarbonise transport. That’s a problem, because without a plan, our take-up of clean technologies like electric cars, trucks and buses is slow. It’s stopping us from meeting our climate commitments. And it leaves us paying exorbitant prices for imported oil at the fuel pump,…

The Conversation

Oil sheds almost 10% in two days to drop below $100 a barrel

Oil continued its retreat into a second session as galloping US inflation fueled concerns it would force moves that risk pushing the economy into a recession.

Tribune News Service

Court hearing: Did Biden legally suspend oil lease sales?

A federal attorney says President Joe Biden legally called for suspending new and gas lease sales while considering their effect on climate change, and onshore and offshore sales were legally postponed

The Independent UK

Fake Cannabis Vapes: How To Tell If Your Weed Vape Cartridge Is Safe Or Counterfeit?

By WeedMaps News' Tyler Koslow, provided exclusively to Benzinga Cannabis.

Benzinga

Drivers bemoan high gasoline prices with no relief in sight

Just as Americans gear up for summer road trips, the price of oil remains stubbornly high, pushing prices at the gas pump to painful heights

The Independent UK

Mid-Afternoon Market Update: Nasdaq Jumps Over 200 Points; Crude Oil Down 3%

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Tuesday.

Benzinga

Windfall tax on North Sea oil and gas could raise £2bn, says Labour

Forecast outstrips previous estimate as booming profits for energy firms would net more cash for struggling UK households

The Guardian - UK

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The Guardian - UK

A North Sea oil windfall tax won’t raise much but every little bit helps

Tesco’s boss says oil producers are unfazed by a one-off levy to help households pay energy bills

StockNews.com

Should You Invest in the Tobacco Industry?

Despite many perceiving the tobacco industry as detrimental to society, most tobacco companies are investor favorites due to their extraordinary returns. Apart from their market-beating returns, these stocks are well known for their high dividend yields. Given an inelastic demand for products and high dividend payouts, this defensive industry looks…

The Times of India

Petrol to escape Rs 2 green tax from October on 10% ethanol blending

NEW DELHI: India has achieved nearly 10% ethanol blending of petrol months ahead of the target, a move that will spare consumers an additional Rs 2 per litre tax from October.

The Independent UK

Oil firms collect £22bn in profits as fuel and energy bills soar

BP, Shell and Exxon among firms reporting big rises in revenues, while Britsh Gas and SSE have boosted their earnings expectations

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Chronicle Live

Boris Johnson urged to bring forward emergency cost of living Budget

The Prime Minister was criticised after the Queen's Speech failed to provide any relief for families.

The Guardian - UK

The Tories are going all out to shut down protest. Just Stop Oil activists like me will not be deterred

We do what we do because it is right, not because it is legal. The Queen’s speech has only strengthened our resolve

Reuters

Ukraine's Zelenskiy tells Malta to clamp down on Russian dual-nationals

Ukrainian President Volodymyr Zelenskiy urged Malta on Tuesday to stop Russians from abusing passports handed out as part of a lucrative citizenship scheme, and to prevent its ships from transporting Russian oil.

The Independent UK

As gas prices hit record, here's how to get better mileage

The dollars-and-cents counter on the gas pump seems to be spinning faster these days with U.S. gasoline prices hitting another record high on Tuesday

Manchester Evening News

Boris Johnson urged to bring forward emergency Budget amid cost of living crisis

The Prime Minister was criticised after the Queen's Speech failed to provide any relief for families

Reuters

Ukraine's Zelenskiy says sixth package of EU sanctions against Russia needed

Ukrainian President Volodymyr Zelenskiy said on Tuesday the European Union's planned sixth package of sanctions against Russia, including an oil embargo, was needed as the bloc's proposals still faced talks.

The Independent UK

Starmer: Queen’s Speech latest part of PM’s ‘pathetic’ cost-of-living response

The Labour leader, who faced jibes in the Commons over the so-called Beergate affair, said the Government is ‘out of energy’.

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