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The Latest Breaking News from Oil

BP reports blockbuster profit for the first quarter but slows from 2022’s record-breaking pace

Shares in the FTSE 100 oil major fall as rate of share buybacks also eases

Evening Standard

Egypt Hikes Prices of Subsidized Goods, Bread Unchanged

The Egyptian government has raised the prices of most of the subsidized goods sold to more than half the population starting from Monday. According to a document sent by Egypt’s Supply Ministry to store owners, the hikes included a bottle of vegetable oil increasing to EGP 30 ($0.97) from EGP…

Asharq Al-Awsat

How to clean a wooden cutting board and get rid of stains

Prep your foods safely with these simple ways to clean a wooden cutting board and keep it stain-free.

Tom’s Guide

From analysis to the latest developments in health,
read the most diverse news in one place.

BP profit more than £500 million higher than expected

Just under £4bn of profit was reported between January and March, due to strong performance in oil trading

Insider UK

Just Stop Oil to march near Westminster Abbey every day until King’s Coronation

The protests are being held a stone’s throw from where the coronation will take place on Saturday

Evening Standard

Oil giant BP profit more than £500m higher than expected

OIL giant BP’s profit was more than half a billion pounds higher than expected in the first three months of the year as the business continued to…

The National (Scotland)

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

The coronation will take place on Saturday 6 May 2023

The Independent UK

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Oil giant BP makes £4bn profit in three months despite rise in fuel prices

The huge quarterly profit figure has led to critics claiming the profits are undeserved while many are struggling to heat their homes due to rising fuel costs.

Wales Online

BP’s profits labelled ‘heinous’ as calls grow for tougher windfall tax

Oil and gas company beats analysts’ forecasts, with profits reaching $5bn in first three months of year

The Guardian - UK

TV tonight: murder, fire and oil barons – a busy first day back for Perry Mason

The depression-era drama returns for a second series. Plus: Leomie Anderson fronts Glow Up. Here’s what to watch this evening

The Guardian - UK

Green investment funds pushing money into fossil fuel firms, research finds

BlackRock and L&G among asset managers using funds with ESG label to invest in coal, oil and gas

The Guardian - UK

Data | Russia’s exports to India rise further, trade deficit balloons

India accounts for more than 70% of the seaborne supplies of the grade so far this month and China for about 20%

The Hindu

Labour calls for energy firms to pay more tax on £60m-a-day profits

Party wants greater taxation on North Sea profits to fund freeze on council tax for cash-strapped UK households

The Guardian - UK

Energy giants raking in £60 million a DAY in profit as Tories ignore windfall tax demands

The Government has been accused of giving these companies “generous and untargeted handouts” by Labour as millions struggle through the cost of living crisis.

Daily Mirror

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Barchart

Crude Oil Prices Retreat on Dollar Strength and Chinese Economic Concerns

June WTI crude oil (CLM23 ) on Monday closed down -1.12 (-1.46%), and June RBOB gasoline (RBM23 ) closed up +2.03 (+0.80%). Crude oil prices Monday settled lower. A rally in the dollar index Monday to a 1-1/2 week high undercut energy prices. Also, Chinese economic concerns weighed on crude...

Reuters

Canada's oil province Alberta schedules election for May 29

Canada's main oil-producing province Alberta will hold its election on May 29, a vote expected to be a tight race between Premier Danielle Smith's ruling United Conservative Party (UCP) and Rachel Notley's left-leaning New Democratic Party (NDP).

Barchart

Crude Falls on Dollar Strength and Concern About China's Recovery

June WTI crude oil (CLM23 ) this morning is down -1.34 (-1.75%), and June RBOB gasoline (RBM23 ) is down -0.16 (-0.06%). June Nymex natural gas (NGM23 ) is down -0.101 (-4.19%). Crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure from a stronger...

Barchart

Copper Falls Below $4 per Pound

Many market participants remain bullish on the prospects for copper prices as Goldman Sachs and other analysts continue to call the red industrial metal the new crude oil. Copper is a critical input in green energy initiatives, boosting demand in an environment where inventories have declined, and new production will…

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news in one place.

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Salon

What if George W. Bush was right?

Bush’s infamously premature claim unraveled as combat escalated between Iraqi insurgents and occupying forces

The Independent UK

How to make Indonesian sambal prawns with coconut and cashews

You only need a handful of kitchen staples to create this spectacular dish with warmth and salty sweetness, says Prudence Wade

Daily Mirror

Vandals 'destroy 20 cars', pour oil over seats and slash tyres in bizarre town attacks

Residents have been left completely fed up after a strange spate of vandalism has seen a number of cars completely destroyed, with some victims reporting oil being poured over driving seats and excessive graffiti on the cars' paint

StockNews.com

Sector Investors: This Industry Is the Best Bet in 2023 and 3 Stocks Pointing You in the Right Direction

After a strong 2022, the energy sector could show strength this year as well due to production cuts by OPEC+, the long lead time to ramp up new supply and refining capacity, and the revival of demand in China. Therefore, it could be wise to buy fundamentally strong energy stocks…

Dublin Live

TikTok users left mind-blown after discovering real use of plastic pull tab on olive oil lids

Don't toss that ring pull from your olive oil bottle just yet

The Guardian - UK

Does the UK really need to drill for more North Sea oil and gas?

Ministers are weighing up a new gasfield but is more UK fossil fuel production necessary or desirable given its climate commitments?

Daily Record

Vandals destroyed 20 cars in crime spree leaving locals furious

It is alleged that tyres have been slashed, windows smashed and seats covered in oil during the senseless attack.

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