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The Latest Breaking News from Oil

Shell denies reports that the energy giant is in talks to take over BP

British oil giant Shell is denying reports that it is in talks to buy rival BP

The Independent UK

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Woman & Home

Stocks Down With Eyes On Mideast, Dollar Hit By Trump Fed Comment

Most stocks fell Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets.

International Business Times

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Oil shocks in the 1970s drove rapid changes in transport. It could happen again if Middle East tensions continue

As the world watches the US–Iran situation with concern, the ripple effect from these events are reaching global oil supply chains – and exposing their fragility.

The Conversation

The S&P 500 flirts with it's all-time high, oil futures rise 1.4% after Middle East ceasefire

Despite a raft of problems from the Middle East to domestic tariff policies, markets seemed to welcome the fact things are comparatively settled.

Fortune

Crude Prices Settle Higher as Weekly EIA Inventories Tumble

August WTI crude oil (CLQ25 ) Wednesday closed up +0.55 (+0.85%), and August RBOB gasoline (RBQ25 ) closed down -0.0049 (-0.24%). Crude oil and gasoline prices on Wednesday settled mixed. Crude oil found support on Wednesday's bullish weekly EIA report, which showed a larger-than-expected draw in crude oil inventories and...

Barchart

5 Undervalued Small Caps Showing Signs Of Breaking Out

It's already been an eventful week for U.S. markets, with tensions in the Middle East bubbling and then calming down following a weekend of bombardment. But despite the uncertainty regarding a potential ceasefire, the stock and commodities markets shrugged it off with the NASDAQ 100 finally notching a new all-time…

Benzinga

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Shell denies reports of BP megamerger of Big Oil rivals

A Shell-BP deal would represent the biggest energy deal of the century—if not ever.

Fortune

Shocking photos from raid on Diddy’s mansion show weapons, drugs and bondage gear discovered by feds

Federal agents discovered Combs had firearms, tons of baby oil, bondage equipment, drugs and more at his homes in Miami and Los Angeles

The Independent UK

Sugar Prices Boosted by Strength in Crude Oil Prices

July NY world sugar #11 (SBN25 ) Wednesday closed up +0.21 (+1.33%), and August London ICE white sugar #5 (SWQ25 ) closed up +11.00 (+2.35%). Sugar prices on Wednesday recovered from early losses and moved higher after a +1% rally in WTI crude oil (CLQ25 ) sparked some short-covering in...

Barchart

Shell denies reports of potential move to take over BP

Oil and gas giant Shell said no talks are taking place.

Evening Standard

The best tinnitus care and remedies for ear ringing relief

There is no simple cure for tinnitus, but some products and aids can help to reduce symptoms

Evening Standard

Global energy wobbles power-up electrification push

Australia's vulnerabilities to global energy price spikes run deep, sparking calls for rapid electrification of transport and other exposed sectors.

AAP

Sweet, sticky and herbaceous, this side dish is a symphony of Middle Eastern flavors

These pan-fried tomatoes with za'atar, pine nuts, and halloumi are exactly what we want right now for summer feasting

Homes & Gardens

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Benzinga

Crude Oil Rises Sharply; Torrid Holdings Shares Plunge

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling around 0.2% on Wednesday.

Barchart

Sugar Prices Recover on Strength in Crude Oil

July NY world sugar #11 (SBN25 ) today is up +0.13 (+0.82%), and August London ICE white sugar #5 (SWQ25 ) is up +10.50 (+2.24%). Sugar prices today recovered from early losses and turned higher after a +2% rally in WTI crude oil (CLQ25 ) sparked some short-covering in sugar...

The Guardian - UK

Shell denies it is in talks to buy BP after reports of potential £60bn takeover

Spokesperson says report that it is considering bid for struggling rival is ‘further market speculation’

Barchart

Crude Prices Gain as Weekly EIA Inventories Fall and Gasoline Demand Soars

August WTI crude oil (CLQ25 ) today is up +1.14 (+1.77%), and August RBOB gasoline (RBQ25 ) is up +0.0128 (+0.62%). Crude oil and gasoline are moving higher today on a bullish weekly EIA report that showed a larger-than-expected draw in crude oil inventories and a surge in US gasoline...

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Euronews

How crucial is the strait of Hormuz to the global energy market?

Although Israel and Iran's ceasefire which came into force on Tuesday removed the pending threat of the Strait of Hormuz's closure, this is not the first time that Iran has said it would block it.

Autosport

Autosport 75: Toyota's Le Mans legend that couldn't win

Somehow the Toyota GT-One contrived never to win a race. Yet the car that moved the goalposts in the GT1 category from which it derived its name might well have triumphed in every one of the three events it contested.

The Conversation

Trump administration aims to slash funds that preserve the nation’s rich architectural and cultural history

President Donald Trump’s proposed fiscal year 2026 discretionary budget is called a “skinny budget” because it’s short on line-by-line details.

International Business Times UK

Russian Warship Disguised As It Passes Through English Channel - Does It Signal World War Escalation?

A Russian warship disguised itself to escort sanctioned oil tankers through the English Channel on 20 June 2025. Is this a sign of escalating conflict?

Fortune

Oil down, hopes up, ‘risk-on’: Stocks are back near their all-time highs

“Financial markets have priced in an Iran-Israel ceasefire holding,” UBS’s Paul Donovan told clients this morning.

Fortune

Trump says China 'can now continue to purchase oil from Iran'—but he hopes Beijing will buy U.S. crude instead

China currently buys around 90% of Iran’s oil exports.

Euronews

Which countries will lose the most if tensions reignite around Iran?

Russia could benefit from an escalating situation in the Middle East, while China and Europe would see their economies suffer if the ceasefire between Iran and Israel fails to hold.

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