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The Latest Breaking News from Oil

‘Travesty of justice’: Former Petroleum Minister Moily on PM’s ‘reduce VAT’ on petrol, diesel remark

Mr. Moily said Prime Minister Modi should have addressed the issue of skyrocketing prices as the average consumer food price has increased by 100% between March 2021 and March 2022, according to numbers released by the NSO

The Hindu

Travesty of justice: Former petroleum minister M Veerappa Moily on PM's 'reduce VAT' on petrol, diesel remark

NEW DELHI: Former petroleum minister M Veerappa Moily on Thursday hit out at Prime Minister Narendra Modi over his attack on the opposition-ruled states for not reducing Value Added Tax (VAT) on petrol and diesel, saying his remarks amount to "travesty of justice" in light of the Centre not cutting…

The Times of India

Ireland's favourite snacks could cost even more in months to come amid palm oil export ban

The government in Jakarta expanded its ban on the export of palm-based cooking oil to cover all exports to all countries

Irish Mirror

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4 Stocks Under $2 Insiders Are Aggressively Buying

US crude oil futures traded lower this morning on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

Benzinga

Remember that viral spring onion pancake recipe? This leek one is better

Leek season is fleeting, but it’s worth making the most of, says Hannah Selinger

The Independent UK

Indonesia's Ban On Processed Palm Oil Export Kicks In Today: How Will Consumers, Businesses Be Hit?

As Indonesia vows to curb the surging cooking oil prices domestically, the country's President Joko Widodo has imposed a ban on the export of palm oil. The ban, which kicks in on Thursday, has already ignited worries of high global food prices amid the already rising inflation caused by the…

Benzinga

Vedanta declares Q4 results, reports highest ever EBITDA

NEW DELHI: Vedanta declared its financial results for the fourth quarter (Q4) ended March 31, 2022 on Thursday.

The Times of India

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World lost forest area greater than size of UK in 2021: Report

Analysts say the rate of deforestation indicates world not on track to meet COP26 commitments.

Al Jazeera

Africa's most vulnerable hit by Russia's war in Ukraine, says IMF

Russia's invasion of Ukraine has delivered a further "huge negative shock" to sub-Saharan Africa, driving food and energy prices higher and putting the most vulnerable people at risk of hunger, the head of the IMF's Africa Department told Reuters.

Reuters

This halibut and vegetable recipe is spring in a pan

Eating this dish feels like a walk in the park on a perfect spring day, says Ellie Krieger

The Independent UK

Drivers issued MOT warning as common car accessory can lead to £2,500 fine

Drivers are being warned as a common accessory can lead to a hefty fine if spotted during the MOT test. Here are 10 other MOT checks all drivers need to make before getting it their car serviced.

Glasgow Live

Energy giant Shell fined £50,000 by North Sea regulators

ENERGY giant Shell has been fined £50,000 by North Sea regulators for breaching production consents.

The National (Scotland)

Explained: How states collect tax on petrol, diesel

NEW DELHI: Retail price of petrol and diesel are made up of mainly 3 components - base price (reflecting cost of international oil), central excise duty and state tax.

The Times of India

All eyes on natural gas prices as European energy firms consider Russian demands

With Poland and Bulgaria cut off from Russian gas, major European energy firms are reportedly considering compliance with Moscow's demand to be paid in roubles. Over in the US, Archegos Capital's Bill Hwang pleads not guilty to fraud. Finally, amid a shortage of sunflower oil due to the Russian invasion…

France 24

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The Hindu

Congress, BJP blame each other over fuel prices in Tamil Nadu Assembly

Congress’s oil bonds and BJP’s loan waiver to corporates under attack

The Hindu

Union govt. pretended to reduce fuel prices only to hike later, charges Stalin

It was done with an eye on Assembly elections, says the Chief Minister

The Guardian - UK

Just Stop Oil protesters sabotage petrol pumps on M25 motorway

Environmental activists say action is ‘significant escalation’ in campaign against fuel distribution in England

Tribune News Service

Quick Fix: Celebrate Mom with this tasty, light salad

Mother’s Day is just around the corner. You can celebrate Mom with this tasty, light dinner. This Ginger Sesame Chicken Salad is easy to make and takes only minutes. It uses bought cooked or rotisserie chicken.

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Insider UK

Weir Group expects £20 million loss from winding up Russian operations

Company reviewing the recoverability of assets, but likely to be written off as an exceptional item this year

Asharq Al-Awsat

IMF Projects GCC Growth to Accelerate to 6.4%

The International Monetary Fund (IMF) said the Russian invasion of Ukraine is significantly affecting the growth prospects of the developing economies in the Middle East and North Africa (MENA), while oil-exporting countries benefit from higher crude prices. In its "Regional Economic Outlook: the Middle East and Central Asia," the IMF…

Reuters

Indonesian president's approval ratings buoyed by palm export ban

The Indonesian president's drastic measures to control food prices by banning palm oil exports have helped lift his sagging approval ratings, an independent pollster said on Thursday.

The Independent UK

No mourners at burial of 50 victims of Nigeria refinery fire

Days after more than 100 people died in an explosion at an illegal oil refinery in southeast Nigeria, authorities and gravediggers returned to the site in a forest to bury about 50 unclaimed bodies that were burned beyond recognition

The Guardian - US

Why are gas prices so high? These obscure traders are partly to blame

‘Nobody with power is looking at what they’re doing,’ but they’re helping to drive searing gas prices despite increased oil production

Benzinga

62 Biggest Movers From Yesterday

Gainers Tenon Medical, Inc. (NASDAQ: TNON) rose 350% to clsoe at $22.50 on Wednesday after the company priced its IPO at $5.00 per share.

Asharq Al-Awsat

Iran's Shamkhani Receives Iraqi Speaker, Asserts Response to Any Action that Harms National Security

The Secretary of Iran's Supreme National Security Council, Ali Shamkhani, has warned that Tehran would react swiftly and decisively to any action to harm his country's security from Iraqi territory. Shamkhani spoke during his reception of the Iraqi Speaker, Mohammad al-Halbousi, who arrived on his first visit to Tehran since…

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