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The Latest Breaking News from Oil

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.

ABC News

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.

Investors Business Daily

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...

Barchart

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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

The Independent UK

BP makes £4bn in three months as Labour's calls for windfall tax are fuelled further

BP’s latest profits, between this January and March, were around £560millon more than analysts who follow the company predicted it would make

Daily Mirror

3 Energy Companies Seeing Strong Growth

Amid increasing demand for oil and gas, the energy drilling industry is poised to maintain its positive growth trajectory. Given this backdrop, quality energy drilling stocks Patterson-UTI Energy (PTEN), Nabors Industries (NBR), and Precision Drilling (PDS) could be wise portfolio additions now. Read on….

StockNews.com

Giada's budget-friendly spring recipes

These simple recipes don't skimp on flavor or place pressure on your bank account

Salon

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Police investigate after Just Stop Oil activist ‘involved in collision’ with car

Scotland Yard appealed for witnesses.

The Independent UK

Crude Prices Sink on Global Energy Demand Concerns

June WTI crude oil (CLM23 ) this morning is down -3.60 (-4.76%), and June RBOB gasoline (RBM23 ) is down -10.65 (-4.18%). June Nymex natural gas (NGM23 ) is down -0.104 (-4.49%). Crude oil and gasoline prices today are sharply lower, with crude falling to a 5-week low and gasoline...

Barchart

Calls for ‘loophole’ to be closed as BP profits are £500m ahead of expectations

Enormous earnings are the ‘unearned, unexpected windfalls of war’, says Labour shadow energy secretary Ed Miliband

The Independent UK

Sardine surge startles fishermen in Kochi as scientists take a close look

A resident said that the flood of oil sardines was noticed both at the sea mouth near Fort Kochi and Vypeen and the phenomenon lasted for about two hours during which period people were easily picking up the fish with bare hands.

The Hindu

Witnesses sought after Just Stop Oil activist’s foot ‘run over’

A person ‘was involved in a collision’ while ‘engaged in a protest’, police said

Evening Standard

Titans drop another teaser video for Oilers throwbacks reveal

The Titans dropped another teaser video for Oilers throwbacks on Tuesday morning.

USA Today Sports Media Group

Nagaland tribal body makes oil exploration conditional

There can be no exploration without the consent of the stakeholders, the NTC said.

The Hindu

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InsideEVs

Mercedes-Benz Dealer Charges EQA EV Owner For "Engine Oil Change"

A Mercedes-Benz EQA owner from Australia was surprised to see that the invoice issued by a dealership after service included "engine oil and filter charge."

Daily Record

SNP and Labour slam Tories after BP profits are £500m more than expected

The oil giant said it made just under £4 billion in underlying replacement cost profit between January and March.

The Independent UK

BP posts $5B quarterly profit on strong oil and gas trading

British energy giant BP has posted strong quarterly profit numbers even as energy prices that soared after Russia’s war in Ukraine last year have eased off

Evening Standard

Let’s Make-Up: the new beauty launches to have on your radar in May 2023

Our series where we fill you in on the buzziest beauty launches to know this month

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Bangkok Post

Three missing from burning tanker off Malaysia

Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a Malaysian maritime enforcement agency official said on Tuesday.

Evening Standard

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

Asharq Al-Awsat

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…

Tom’s Guide

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.

Insider UK

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

Evening Standard

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

The National (Scotland)

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…

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