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The Latest Breaking News from Oil

China's Russia dealings irk US, but don't breach sanctions

China’s support for Russia through oil and gas purchases is irking Washington and raising the risk of U.S. retaliation

The Independent UK

Asian shares mixed after stocks retreat on Wall Street

Shares are mixed in Asia after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates

The Independent UK

Oil Prices Nudge Higher on EU's Russian Oil Ban, End of Shanghai Lockdown

Oil prices gained slightly on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude for August delivery was up 28 cents, or 0.2%, at $115.88 a barrel at 0338 GMT.

Asharq Al-Awsat

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Energy costs to soar again after EU ban on Russian oil

Taoiseach Micheal Martin said we were now entering a 'new era'

Dublin Live

Russian forces close in on takeover of eastern Ukrainian province

DNIPRO, Ukraine — Ukrainian forces desperately tried to block a complete Russian takeover of one of the country’s two eastern provinces Tuesday, with Russian troops clawing out incremental gains even as European leaders agreed to a partial oil embargo aimed at starving Moscow’s mammoth war machine.

Los Angeles Times

Russian forces close in on takeover of eastern Ukrainian province

Los Angeles Times

Perth petrol prices: Modelling shows what WA households will save from the fuel excise tax cut

Your suburb-by-suburb guide to how much the average Perth household will save from the halving of the fuel excise tax – and it's not as much as what was touted by the Morrison government.

ABC News

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Russia-Ukraine war: What happened today (May 31)

A roundup of key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

WEKU

How to make jarred tomato sauce better

For when you need to face-plant into a bowl of pasta without delay

Salon

Russia-Ukraine latest updates: Biden announces military aid

Ukraine news from June 1: Joe Biden reveals weapons package for Ukraine that will include longer-range rocket systems.

Al Jazeera

7 Analysts Have This to Say About Murphy Oil

Over the past 3 months, 7 analysts have published their opinion on Murphy Oil (NYSE:MUR) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

Russian forces close in on takeover of eastern Ukrainian province

Los Angeles Times

Do sanctions work? EU bets on oil embargo while Moscow blocks grain exports

It took one month of haggling for the European Union to agree on a Russian oil embargo that offers an exemption for holdout Hungary. How big or how small a caveat? After all, the EU is reducing dependency on Russian oil by 90 percent. In the long run, it's a…

France 24

Crude Oil Updates The Highs

By RoboForex Analytical Department This week is starting with new highs in Brent – the asset has reached the highs of 9 March 2022 and updated $120.

Benzinga

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The Guardian - UK

The Guardian view on the EU’s oil embargo: ramping up the cost of Putin’s war

Editorial: Amid talk of division in the west, this week’s summit offered a show of unity

The Hindu

Spillover effect of fuel dealers protest likely on Wednesday

Mechanism to ensure against losses sought

Asharq Al-Awsat

EU Agrees Gradual Russian Oil Embargo, Gives Hungary Exemptions

European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by the end of the year, but Hungary and two other landlocked Central European states secured exemptions for the pipeline imports they rely on. The ban, agreed overnight after weeks of wrangling, aims…

Benzinga

Expert Ratings for Marathon Oil

Within the last quarter, Marathon Oil (NYSE:MRO) has observed the following analyst ratings:

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The Times of India

Stagflationary risk low for India compared to others, says CEA

NEW DELHI: Chief economic adviser (CEA) V Anantha Nageswaran on Tuesday ruled out the risk of stagflation for India, saying the economy is better placed than other nations.

Benzinga

Nextleaf Q2 2022 Revenue Grows 774% YoY, Reports Management Changes

Nextleaf Solutions Ltd. (OTCQB: OILFF) (CSE:OILS) (FSE:L0MA) released its Q2 financial and operational results for the quarter ended March 31, 2022, revealing revenue of $1.14 million compared to $131,000 in Q2 2021.

Benzinga

Nordic American Tankers Clocks ~18% Revenue Decline In Q1

Nordic American Tankers Limited (NYSE:NAT) reported a first-quarter revenue decline of 17.5% year-over-year to $15.52 million. Net loss per share for the quarter was $(0.14), compared to $(0.16) a year ago. Net operating loss widened to $(20.92) million from $(18.38) million in 1Q21. Net cash used in operating activities for Q1 totaled…

Evening Standard

Tech & Science Daily: Russia oil ban in latest Ukraine war sanctions

The European Union has agreed to block 90 per cent of Russian oil imports by 2023 - but only what’s tankered by sea and not the product coming via pipelines.

The Conversation

Calls for ‘ethical oil’ are pushing Canada to become a petro-state

Russia’s ongoing invasion of Ukraine has brought fossil fuels and geopolitics to the forefront of public discussion. In an effort to evade economic sanctions, Russia has weaponized its energy exports.

The Guardian - UK

Russia cuts gas supplies to Netherlands and firms in Denmark and Germany

Gazprom turns off the taps after EU move to embargo most Russian oil imports and companies miss deadline to pay in roubles

Los Angeles Times

Russian forces close in on takeover of eastern Ukrainian province

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