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The Latest Breaking News from Oil

Rupee recovers 12 paise to close at 77.32 against US dollar

MUMBAI: Snapping its two-day losing streak, the rupee appreciated 12 paise to end at 77.32 (provisional) against the US dollar on Tuesday, supported by a rebound in regional currencies and fall in crude oil prices.

The Times of India

Oman's Budget Records Surplus of Almost $1Bn

Oman's state budget recorded a surplus of $928 million at the end of the first quarter of 2022. The Finance Ministry announced the surplus would be used to accelerate economic recovery, enhance development expenditure, and reduce the risks of the country's public debt portfolio. As of the end-first quarter of…

Asharq Al-Awsat

More cannabis oil medicines included in gold card scheme

The National Health Security Office (NHSO) has added three traditional cannabis-based medicines to Universal Healthcare Coverage, known as the gold card scheme.

Bangkok Post

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Hopes for EU ban on Russian oil despite Hungary comparing plan to ‘nuclear bomb’

French minister says deal could come this week as Macron and Orbán try to break deadlock

The Guardian - UK

Assad Signs Iranian Credit Line to Supply Syria with Energy

Syrian President Bashar al-Assad signed an Iranian credit line during a surprise visit to Tehran on Sunday, Syrian local media reported. The official Syrian News Agency (SANA) said that Assad had signed a “new phase” of the credit line, which included supplying Syria with energy and other basic materials to…

Asharq Al-Awsat

With oil sales tied up, South Sudan battles to pay salaries

Many of South Sudan’s civil servants have not been paid for months as the government has run out of funds, because the income from oil exports is allocated to servicing loans until 2027

The Independent UK

EV@30: How adequate finances, infrastructure can provide fillip to India's EV dreams

NEW DELHI: The next few years are going to be crucial for India’s transition to electric vehicles, with the Centre targeting to achieve at least 30 per cent sales to be electric by 2030.

The Times of India

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A Peek Into The Markets: US Stock Futures Higher Ahead Of Fed Speakers

Pre-open movers

Benzinga

Tesco customers' heartbreaking requests to staff as boss demands tax on energy giants

John Allan, the chairman of Tesco said there is an “overwhelming need” for a windfall tax on energy companies after seeing the supermarket’s customers “extremely stretched”

Daily Mirror

Zelenskiy calls for end to blockade of Odesa port to prevent global food crisis

Concern after Russian missiles strike Black Sea port as Biden accuses Putin of ‘revisionist history’ in Victory Day speech

The Guardian - UK

Tesco chairman John Allan backs windfall tax on energy giants to tackle cost of living crisis

John Allan, chairman of Tesco and Barratt Developments, said the case for a one-off tax on energy company profits was now “overwhelming.”

Evening Standard

The ripple effects of Russia's war in Ukraine are changing the world

Stores running out of cooking oil. Gas prices soaring. Farmers scrambling for fertilizer. Nations rethinking alliances. We zoom in on the war's seismic, far-reaching repercussions.

WEKU

Tesco customers are asking till staff to stop scanning when they hit set amount

The chairman of the supermarket giant says shoppers are 'extremely stretched'

Wales Online

Malaysia may cut palm oil export tax amid global supply crisis

KUALA LUMPUR: Malaysia is considering cutting its export tax on palm oil and plans to slow implementation of its biodiesel mandate to help meet global demand amid an edible oil shortage, its commodities minister told Reuters on Tuesday.

Bangkok Post

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Evening Standard

Best dry shampoos to freshen up your hair fast

The micracle product to tide you over between hair washes

Manchester Evening News

Tesco customers 'are asking staff to stop scanning their food' as boss hits out

John Allan said customers are "extremely stretched" as costs soar

The Philadelphia Inquirer

Mariner East Pipeline has sparked a boom in fracked gas exports from Philly region

Nearly once a day last year, a large tanker sailed up the Delaware River and docked at Marcus Hook Terminal in Marcus Hook, Pennsylvania, to take on a cargo of liquid fuel, produced mostly from the Marcellus and Utica Shale formations in Western Pennsylvania and neighboring states.

Evening Standard

FTSE share buybacks on track to smash records with bumper payouts from BP, Shell and more

FTSE 100 companies plan to return £37 billion to investors this year

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Al Jazeera

Russia-Ukraine war: List of key events, day 76

As the Russia-Ukraine war enters its 76th day, we take a look at the main developments.

Reuters

French minister Beaune: EU deal on Russian oil ban could be reached this week

French European Affairs Minister Clement Beaune said European Union members could reach a deal this week on the EU Commission's proposal to ban all oil imports from Russia.

The Guardian - UK

Tesco chairman calls for energy windfall tax; Markets rebound after ‘everything rout’ – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Asian stocks follow Wall St down on rate hike, economy fears

Asian stocks have followed Wall Street lower as fears increased that U.S. rate hikes to fight inflation might stall economic growth

Asharq Al-Awsat

Russia Shells Ukraine's Odessa as US Pledges Fresh Arms for Kyiv

Russian forces intensified their fight in Ukraine's east and fired missiles over the port city of Odessa, as President Joe Biden signed a law speeding up arms deliveries to Kyiv. The southern city was hit by a series of missiles Monday, destroying buildings, setting ablaze a shopping center and killing…

Chicago Sun-Times

Menu planner: Get a taste of merry old England with Toad-in-the-hole

Thinking ahead to your next few meals? Here are some main dishes and sides to try.

The Guardian - UK

‘I don’t want to be a little Englander’ – Cornelia Parker on BP, bombs and becoming a German

She is a politically charged artist whose work can be literally explosive. Ahead of a huge show, Parker talks about ‘cartoon violence’, recreating a corridor in Parliament – and why she may apply for German citizenship

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