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The Latest Breaking News from Oil

Just Stop Oil protesters arrested at Parliament Square

Sixteen people were arrested for ‘breaching conditions to stay off the road’ during protest, police said

Evening Standard

Iran seizes second oil tanker in a week amid US confrontation

US Navy says several Iranian vessels approached the tanker in the Strait of Hormuz and forced it into Iranian waters.

Al Jazeera

Oil Prices Skid To Lowest Level Since March; Traders Brace For Recession

U.S. crude futures tanked Tuesday and continued to slip Wednesday, hitting 5-week lows. The oil price decline dragged down energy stocks.

Investors Business Daily

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Syria, Iran sign strategic cooperation accord, including oil MoU - news agency

The presidents of Iran and Syria on Wednesday signed a long-term strategic cooperation agreement, including a memorandum of understanding on oil industry cooperation, the Syrian state news agency reported.

Reuters

How food and drink items have risen in price in the past year

Cucumbers have gone up by 52%, olive oil by 49% and hard cheese by 44%.

The Independent UK

Climate protesters rework Spice Girls song to disrupt Barclays AGM

Lyrics of Stop changed to ‘stop right now, no more oil and gas’ because of bank’s fossil fuel funding

The Guardian - UK

Democrats still aim to probe oil giants’ climate-change knowledge - Roll Call

Senate Democrats aim to continue a House investigation into the oil industry's so-called supermajors and what they knew about climate change.

Roll Call

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Maine court recharges green energy plan

The new wires will help wean New England off fuel oil and natural gas

Salon

Rail deliveries to Russia's Taman port restricted after fuel depot fire

Rail deliveries to Russia's Black Sea port of Taman will be restricted until further notice, Russian Railways said on its website, after Russian officials said a fuel depot had caught fire near a crucial bridge linking mainland Russia to Crimea.

Reuters

Best holiday hair products to protect your locks at the beach or the pool

Your summer hair care routine sorted

Evening Standard

Cafe Pramadam opens in Chennai with white butter dosas and fresh ground coffee

Serving Nellore-inspired food, Cafe Pramadham on Greams Roads has a short, curated menu featuring classics from across Tamil Nadu, with some unexpected tweaks — like chilli oil on upma and dosa with mozzarella cheese

The Hindu

US Navy: Iran Seizes Oil Tanker in Strait of Hormuz

Iran seized a Panama-flagged oil tanker in the Strait of Hormuz on Wednesday, the second-such capture by Tehran in recent days, the US Navy said. The Navy's Mideast-based 5th Fleet identified the vessel as the Niovi. It said Iran's Revolutionary Guard seized the ship. The Navy published pictures of a…

Asharq Al-Awsat

US Navy: Iran seizes oil tanker in Strait of Hormuz

Iran seized a Panama-flagged oil tanker in the Strait of Hormuz on Wednesday, the second-such capture by Tehran in recent days

The Independent UK

Stock Index Futures Move Higher as Investors Await Fed Rate Decision, Bank and Debt Fears Return

June S&P 500 futures (ESM23) are up +0.14%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.17% this morning after three major U.S. benchmark indices finished the regular session solidly lower as renewed fears about the health of the U.S. banking sector weighed on sentiment ahead of the Federal…

Barchart

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The Independent UK

Huge fire rages at oil depot behind Russian lines

Officials say a massive blaze has broken out at an oil depot behind Russian lines

Asharq Al-Awsat

Huge Fires at Oil Depots in Russia and Ukraine as Sides Press Drone War

Oil depots were ablaze in both Russia and Ukraine on Wednesday as both sides escalated a drone war targeting infrastructure ahead of Kyiv's planned spring counter-offensive to try to end Moscow's all-out invasion. Scores of firefighters battled a huge fire that Russian authorities blamed on a Ukrainian drone crashing into…

Reuters

Iran seizes second oil tanker in a week in Gulf -U.S. Navy

Iran seized a second oil tanker in a week on Wednesday in Gulf waters, and the U.S. State Department called for its release, in the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019.

Reuters

Russian drone attack causes huge fire at central Ukrainian oil depot - prosecutors

A Russian drone strike hit an oil facility in the central Ukrainian city of Kropyvnytskyi in the early hours of Wednesday, causing a major fire, Ukrainian prosecutors said.

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The Independent UK

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

The coronation will take place on Saturday 6 May 2023

ABC News

NT government announces fracking in the Beetaloo Basin can go ahead

The government says all recommendations from a 2018 inquiry into fracking have been met, and oil and gas companies will be able to start applying to frack in the Beetaloo Basin.

Bangkok Post

Analysing the push for sustainable jet fuel

Biodiesel, a mix of diesel and palm oil-derived methyl ester used by cars with internal combustion engines, as well as used cooking oil that previously was deemed useless are now vying to change the aviation industry. The two oils can be processed to make sustainable aviation fuel, or SAF, a…

ABC News

NAB is first lender to pass on Reserve Bank's rate hike, ASX falls to five-week low ahead of US interest rate decision

NAB passes on the Reserve Bank's full rate hike to its home loan customers, but only two of its savings accounts, while the Australian share market drops on renewed worries about the stability of the US banking system.

Investors Business Daily

Dow Jones Futures Rise As Fed Rate Hike Looms; These Bank Stocks Keep Diving, AMD Tumbles On Guidance

The Fed is expected to hike rates, but will that be it? AMD fell on guidance. Regional bank stocks keep selling off.

Barchart

Crude Prices Close Sharply Lower on Global Energy Demand Concerns

June WTI crude oil (CLM23 ) on Tuesday closed down -4.00 (-5.29%), and June RBOB gasoline (RBM23 ) closed down -11.47 (-4.50%). Crude oil and gasoline prices Tuesday sold off sharply, with crude posting a 5-week low and gasoline posting a 6-week low. Crude prices are under pressure on concern...

The Independent UK

BP profits explained and where that money goes

Growing calls for the government to close a ‘loophole’ in its windfall tax on oil and gas companies amid bumper profits

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