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The Latest Breaking News from Oil

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…

Asharq Al-Awsat

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.

Reuters

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

The coronation will take place on Saturday 6 May 2023

The Independent UK

How China threat is driving India and US closer together

WASHINGTON/NEW DELHI: The Biden administration has decided to remain publicly quiet on India’s democratic backsliding, according to senior US officials, as the US intensifies efforts to keep New Delhi on its side in the rivalry with China.

The Times of India

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.

ABC News

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…

Bangkok Post

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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

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

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

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

Scotland Yard appealed for witnesses.

The Independent UK

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Barchart

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...

The Independent UK

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 Hindu

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.

Evening Standard

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

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USA Today Sports Media Group

Titans drop another teaser video for Oilers throwbacks reveal

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

The Hindu

Nagaland tribal body makes oil exploration conditional

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

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

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.

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