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The Latest Breaking News from Oil

EXPLAINER: What caused Sri Lanka's economic collapse?

The South Asian nation of Sri Lanka is experiencing an unprecedented economic collapse that has pushed the government into a deep crisis

The Independent UK

Chaos as Boris Johnson hints at emergency cost of living help 'in the days to come'

Prime Minister Boris Johnson told MPs he and Rishi Sunak would be "saying more" about struggling Brits' rising bills - but Treasury sources immediately distanced the Chancellor from the move

Daily Mirror

Ukraine war speeds Greece’s transition to EU energy gateway

As Europe attempts to abandon Russian energy, Greece is becoming a gateway for LNG because it is surrounded by sea.

Al Jazeera

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‘Criminalising our right to protest’: green groups’ anger over public order bill

Measures in Queen’s speech would have outlawed protests that won votes for women and legalisation of unions, say critics

The Guardian - UK

Gas prices hit new all-time high

The new record comes as high inflation puts pressure on the Biden administration to help consumers.

Axios

3 Stocks Under $5 Insiders Are Aggressively Buying

US crude oil futures traded lower on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading…

Benzinga

EXPLAINER: Why is Hungary blocking sanctions on Russian oil?

The European Union wants to impose a new round of sanctions against Russia over its war in Ukraine, but Hungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc’s 27 member nations

The Independent UK

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This nutty, herby vegetarian pasta is spring in a bowl

Tieghan Gerard’s spring pasta still has a cosy, comforting vibe, but with asparagus, leeks and lots of fresh basil, says Joe Yonan

The Independent UK

U.N. seeks $144 million to offload decaying Yemen oil tanker

The United Nations will launch a $144 million appeal on Wednesday for an operation to offload a million barrels of crude oil from a tanker stranded off the coast of war-torn Yemen for years which threatens a major environmental disaster.

Reuters

Tesco boss reveals heart-breaking request from customers as staff scan shopping

The revelation comes as households continue to feel the financial squeeze

Nottingham Post

6 months after the climate summit, where to find progress on climate change in a more dangerous and divided world

Six months ago, negotiators at the United Nations’ Glasgow climate summit celebrated a series of new commitments to lower global greenhouse gas emissions and build resilience to the impacts of climate change. Analysts concluded that the new promises, including phasing out coal, would bend the global warming trajectory, though still…

The Conversation

These diabetic-friendly salmon fishcakes only require six ingredients

This thrifty way to make your fish go a little further can save the day flavour-wise, says Ann Maloney

The Independent UK

Ukraine war fuels food crisis in distant Africa

Zimbabwean security guard Edwin Dapi was already struggling to provide for his wife and four children before a conflict 11,000 km (6,800 miles) away in Ukraine sent global prices for grains, cooking oils, fuel and fertilizer soaring.

Reuters

Riyadh Seeks to Achieve Recovery Plan for International Aviation Sector

Saudi Arabia has revealed plans to strengthen its capabilities in the aviation sector over the next ten years, with the aim to become a leading center for aviation and air transport in the Middle East and the world. Under the patronage of the Custodian of the Two Holy Mosques, the…

Asharq Al-Awsat

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The Times of India

Rupee recovers 12 paise to close at 77.32 against US dollar

MUMBAI: Snapping its two-day losing streak, the rupee appreciated 12 paise to end at 77.32 (provisional) against the US dollar on Tuesday, supported by a rebound in regional currencies and fall in crude oil prices.

Asharq Al-Awsat

Oman's Budget Records Surplus of Almost $1Bn

Oman's state budget recorded a surplus of $928 million at the end of the first quarter of 2022. The Finance Ministry announced the surplus would be used to accelerate economic recovery, enhance development expenditure, and reduce the risks of the country's public debt portfolio. As of the end-first quarter of…

Bangkok Post

More cannabis oil medicines included in gold card scheme

The National Health Security Office (NHSO) has added three traditional cannabis-based medicines to Universal Healthcare Coverage, known as the gold card scheme.

The Guardian - UK

Hopes for EU ban on Russian oil despite Hungary comparing plan to ‘nuclear bomb’

French minister says deal could come this week as Macron and Orbán try to break deadlock

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Asharq Al-Awsat

Assad Signs Iranian Credit Line to Supply Syria with Energy

Syrian President Bashar al-Assad signed an Iranian credit line during a surprise visit to Tehran on Sunday, Syrian local media reported. The official Syrian News Agency (SANA) said that Assad had signed a “new phase” of the credit line, which included supplying Syria with energy and other basic materials to…

The Independent UK

With oil sales tied up, South Sudan battles to pay salaries

Many of South Sudan’s civil servants have not been paid for months as the government has run out of funds, because the income from oil exports is allocated to servicing loans until 2027

The Times of India

EV@30: How adequate finances, infrastructure can provide fillip to India's EV dreams

NEW DELHI: The next few years are going to be crucial for India’s transition to electric vehicles, with the Centre targeting to achieve at least 30 per cent sales to be electric by 2030.

Benzinga

A Peek Into The Markets: US Stock Futures Higher Ahead Of Fed Speakers

Pre-open movers

Daily Mirror

Tesco customers' heartbreaking requests to staff as boss demands tax on energy giants

John Allan, the chairman of Tesco said there is an “overwhelming need” for a windfall tax on energy companies after seeing the supermarket’s customers “extremely stretched”

The Guardian - UK

Zelenskiy calls for end to blockade of Odesa port to prevent global food crisis

Concern after Russian missiles strike Black Sea port as Biden accuses Putin of ‘revisionist history’ in Victory Day speech

Evening Standard

Tesco chairman John Allan backs windfall tax on energy giants to tackle cost of living crisis

John Allan, chairman of Tesco and Barratt Developments, said the case for a one-off tax on energy company profits was now “overwhelming.”

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