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The Latest Breaking News from Oil

Sudani Says Relations with Arab World Have Reached their Best

Iraqi Prime Minister Mohammad Shia al-Sudani announced that his country’s relations with brotherly Arab countries “have reached their best through mutual respect and respect for the sovereignty of the Iraqi state.” On Wednesday, Sudani met with representatives of a number of oil companies operating in Iraq, and attended the launch…

Asharq Al-Awsat

King Charles Coronation: Complete guide to all the glittering regalia used in the ceremony

The priceless objects are part of the Crown Jewels – the nation’s most precious treasures

Evening Standard

‘A sea of misinformation’: FTC to address industry greenwashing complaints

As consumers turn to renewable and recyclable products, protests over industry’s use of misleading terms have proliferated

The Guardian - US

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Russia and Ukraine report drone attacks

KYIV: Kyiv and Moscow reported drone attacks on Thursday including two that sparked fires in Russian oil refineries, as Ukrainian President Volodymyr Zelensky visited The Hague to lobby for more support.

Bangkok Post

King Charles III coronation: What happens in sacred anointing ceremony?

The coronation will take place on Saturday 6 May 2023

The Independent UK

UN fails to raise enough money for Yemen oil tanker operation

The United Nations on Thursday fell far short of raising the money it needs for an operation to salvage 1.1 million barrels of oil from a decaying vessel moored off Yemen's coast and avert an environmental disaster.

Reuters

Shell makes nearly £1.4 billion more than expected

Oil giant will buy back shares worth £3.2bn from investors over the next three months

Insider UK

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ECB’s Lagarde says some firms have taken advantage of inflation to lift profit margins, after raising interest rates – as it happened

European Central Bank has lifted its key interest rates by a quarter of one percent

The Guardian - UK

Shell accused of ‘profiteering bonanza’ after record first-quarter profits of $9.6bn

Figure easily beats predictions and comes despite fall in oil and gas price

The Guardian - UK

Developer plans North Sea wind turbine network to provide power for oil rigs

Cerulean Winds says the plan could become one of the UK’s largest infrastructure projects, worth about £20bn

Insider UK

Fire Extinguished at Russian Oil Refinery after Drone Attack

A drone attack set ablaze parts of an oil products reservoir at a refinery in southern Russia, but emergency services said they extinguished the fire just over two hours later, TASS news agency reported early on Thursday. TASS said the incident occurred at the Ilsky refinery near the Black Sea…

Asharq Al-Awsat

Owner of 'world's most expensive house' says it's a death trap

It "relies on obscene amounts of oil" and is in need of serious investment

Bristol Post

Fire extinguished at Russian oil refinery after drone attack - TASS

A drone attack set ablaze product storage facilities at one of the largest oil refineries in southern Russia, but emergency services extinguished the fire just over two hours later, and the plant was working normally, TASS news agency reported.

Reuters

US denies involvement in Kremlin drone attack and says Moscow lacks strength to mount large attacks – as it happened

After Moscow accuses US of being behind Kremlin drone attack, White House says: ‘We had nothing to do with this’

The Guardian - AU

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ABC News

Buru Energy investigates potential for floating liquefied natural gas facility in the Kimberley

A decade after conflict at James Price Point prompted Woodside to abandon its gas hub plans for the region, another energy giant is looking at establishing a floating LNG facility off the coast.

The Independent UK

Senate to vote on solar tariffs, prairie bird protections

The Senate is expected to approve a measure Wednesday that would reinstate tariffs on solar panel imports from several Southeast Asian countries after President Joe Biden paused them in a bid to boost solar installations in the U.S. Lawmakers also will vote late Wednesday on a separate plan to undo…

Daily Mirror

Just Stop Oil protester defies new laws - and is immediately arrested in Parliament Square

A 55-strong group of climate activists were conducting a slow march through Westminster in London before the police imposed a Section 12 Order ordering them to protest on the pavement, not the road

Bangkok Post

PTTEP set to miss sales target

PTT Exploration and Production (PTTEP) expects its oil and gas sales in 2023 to tally 456 kilo-barrels of oil equivalent per day (KBOED), down from a target of 470 KBOED, because of various factors including a production decrease at some petroleum sites.

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Zenger

Venezuela Oil Corruption Massive Scandal Prompts Rare Resignation Of Oil Minister

Due to a widespread corruption scandal involving the national oil corporation, Venezuela's former oil minister resigns.

Barchart

Crude Prices Sharply Lower on Global Economic Concerns

June WTI crude oil (CLM23 ) on Wednesday closed down -3.06 (-4.27%), and June RBOB gasoline (RBM23 ) closed down -11.36 (-4.66%). Crude oil and gasoline prices Wednesday fell sharply for a second session, with crude posting a 5-week low and gasoline posting a 2-1/4 month low. Crude prices are...

The Conversation

Alberta election: Is the province's energy regulator acting in the public interest?

Alberta’s claims that it’s a responsible energy producer are increasingly ringing hollow.

Manchester Evening News

The supermarket staples that have soared in price this year - from cheese, milk and eggs to lemonade and chicken nuggets

Cucumber and olive oil have seen the biggest price increases

Wales Online

Food and drink prices soar in supermarkets and takeaways

It's bad news if you like cucumbers, olive oil, hard cheese or popping out for fish and chips

Reuters

Greece warned shipowners days before Iran seized tankers - sources

Greece issued a series of warnings to shipowners to avoid sailing close to Iranian waters days before Tehran seized two tankers amid heightening tensions in the region, according to documents and industry sources.

StockNews.com

The Great Rotation: 3 Value Stocks to Buy in May 2023

As periods of economic turmoil bode relatively well for the value stocks, it could be wise to invest in shares of Group 1 Automotive (GPI), Golden Agri-Resources (GARPY), and Friedman Industries (FRD) that are trading at discounted prices and offer stable returns. Continue reading….

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