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The Latest Breaking News from Oil

Iran seizes 2 Greek tankers in Persian Gulf as tensions rise

Iran’s paramilitary Revolutionary Guard says it has seized two Greek oil tankers in the Persian Gulf

The Independent UK

Petrol pump dealers in TS not to lift stocks on May 31

‘No Purchase’ protest in support of higher commission, voicing concern at losses when Excise duty is cut

The Hindu

Iran Seizes 2 Greek Tankers in Gulf, Tensions Spike

Iran's Revolutionary Guard seized two Greek oil tankers on Friday in the Gulf, just after Athens assisted the US in seizing an Iranian oil tanker over alleged sanctions violations in the Mediterranean Sea. The Guard's announcement comes as tensions remain high between Iran and the West over stalled negotiations regarding…

Asharq Al-Awsat

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Rs 1,000 crore income of Indian oil companies stuck in Russia over Moscow’s dollar curbs

NEW DELHI: Dividend income of about 8 billion roubles (about Rs 1,000 crore) from investments of over $5 billion made in two Russian oil fields by a consortium of Indian state-run oil companies remain stuck after Moscow restricted dollar repatriation due to excessive currency volatility following the conflict with Ukraine.

The Times of India

FTSE rises despite weight of windfall tax on oil companies

The index notched up its best week for more than two months.

The Independent UK

Inspections to check reuse of cooking oil by eateries

Complaints that many food joints are reheating oil multiple times

The Hindu

Rishi Sunak's 'criminal' energy plan will boost fossil fuels and pay wealthy second home owners

The Chancellor's "big bazooka" energy plan is not the simple solution the UK Government are painting it as

The National (Scotland)

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‘Putin’s war’ has put some urgency on India-EU FTA talks: German envoy

With a steep surge in global oil prices, India has increased its purchase of discounted Russian oil

The Hindu

Biden renews Chevron license to bypass Venezuela sanctions

The Biden administration has renewed a license partially exempting Chevron from sanctions on Venezuela so it can keep operating in the oil-rich, socialist-run nation

The Independent UK

Iran to take 'punitive action' against Greece over seizure of Iranian oil - Nour News

Iran has decided to take "punitive action" against Greece over the seizure of Iranian oil off the Greek coast, the semi-official Nour News reported on Friday.

Reuters

EU may clinch summit deal to embargo Russian oil shipments

EU countries scrambled on Friday to reach a deal that would embargo seaborne deliveries of Russian oil but still allow deliveries by pipeline, a compromise to win over Hungary and unblock new sanctions against Moscow, officials said.

Reuters

Shell says windfall tax threatens North Sea oil and gas investment

Firm says Sunak’s levy creates uncertainty and asks for tax relief that covers investment in renewables

The Guardian - UK

'I tried Aldi's £4 rose facial oil that could save you over £20 compared to top-rated brand'

Shopping Writer Rachel Williams tried the supermarket's sell out facial oil that shoppers are comparing to Pixi's £26 Rose Blend Oil.

Daily Record

Therapeutic potential of essential oils

Essential oils are compounds extracted from plants. The oil absorbs the aroma and flavor of the plant, or “extract.” Different aromatic compounds give each essential oil its essence. Essential oils are obtained by distillation (by steam and / or water) or by mechanical means, such as cold compresses. Bharat Bansal,…

The Times of India

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Benzinga

Google Cloud Chief Clarifies Aramco Deal Is Not For Oil Production

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud head Thomas Kurien clarified that its deal with oil giant Saudi Aramco did not include oil production, Bloomberg reports. “We work with Aramco system integration division, not with the oil-and-gas division,” Kurian said. Google’s critics, including its employees, have claimed that providing cloud tools to oil-and-gas…

The Times of India

GM Praggnanandhaa receives tenure-based engagement letter from Indian Oil

CHENNAI: Young Indian Grandmaster R Praggnanandhaa has been roped in by Indian Oil and would be receiving all the backing from the PSU major, according to a top official.

Evening Standard

The Standard View: Rishi Sunak’s mini-budget shows the need for a stronger economy – and safety net

If the Spring Statement could be characterised as an under-reaction to the cost of living crisis, it would be hard to accuse the Chancellor of making the same mistake twice. Rishi Sunak’s £21 billion package, paid for in part by a windfall tax on oil and gas giants, will help millions…

Benzinga

Executives Sell More Than $30M Of 5 Stocks

US gold futures traded higher this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

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Bangkok Post

Russian export squeeze 'could push oil past $150'

The price of the global benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday.

Al Jazeera

Iran summons Swiss envoy over US oil seizure

Tehran has demanded the immediate release of the Pegas, an Iranian-flagged tanker being held in Greek waters.

The Hindu

Data | Import-reliant India’s edible oil prices skyrocket, average costs near ₹200/litre

The local prices of edible oil have been over the roof in the recent months as it is vulnerable to changes in the international markets, given India’s high reliance on imports

Wales Online

Four experts have their say on Rishi Sunak's £15bn cost-of-living package

Even with these payments, households on the lowest incomes are still likely to struggle

Asharq Al-Awsat

Iran Summons Swiss Envoy over US Seizure of Iranian Oil

Iran on Friday summoned the envoy of Switzerland, which represents US interests in Tehran, to protest against the US seizure of Iranian oil from a Russian-operated ship near Greece, the foreign ministry said in a statement quoted by Iranian media. The ministry called for the immediate release of the ship…

The Guardian - UK

Can you make perfume from kitchen cupboard vanilla?

Scents can be expensive, vanilla essence isn’t – maybe an alternative to designer brands is lurking among your baking essentials

Reuters

Iran summons Swiss envoy over U.S seizure of Iranian oil -ISNA

Iran on Friday summoned the envoy of Switzerland, which represents U.S. interests in Tehran, to protest the U.S. seizure of Iranian oil from a Russian-operated ship near Greece, the foreign ministry said in a statement quoted by Iranian media.

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