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The Latest Breaking News from Oil

Oil prices drop $2 with most Asian markets closed for holidays

Oil prices have fallen more than $2 a barrel after the OPEC+ group of oil producing nations said it plans to increase output

The Independent UK

Aussie shares see red as energy, banks snap winning run

A continued fall in the oil price and an underwhelming result from Westpac have weighed on the Australian bourse, ending a seven-day green streak.

AAP

‘Freak offs’, baby oil and the Cassie tape: The shocking allegations behind Diddy’s trial

Music mogul, facing charges of sex trafficking, racketeering and transportation for prostitution, has pleaded not guilty

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil prices

Futures for the Dow Jones industrial average dropped 193 points, or 0.47%. Futures for the S&P 500 fell 0.52%, and Nasdaq futures eased 0.53%.

Fortune

Dramatic fire ends Denny Hamlin's Texas NASCAR Cup race

Denny Hamlin became the first driver to fall out of the race Sunday at Texas Motor Speedway with his day ending in a dramatic oil fire.

Motorsport

Shell reportedly weighing up merits of making move to buy BP

Such a takeover would be one of biggest deals ever in oil and gas industry

The Guardian - UK

Cost of emissions from five major Australian resource companies more than $900bn, study finds

US researchers link BHP, Rio Tinto, Santos, Whitehaven Coal and Woodside Energy to specific climate harms over three decades

The Guardian - AU

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How to make the perfect vegan caesar salad – recipe

A respectful homage to the classic caesar, using plant-based ingredients to hit the same flavour notes

The Guardian - UK

Why Energy Stocks Like Exxon and Hess Are Back in Focus

After power outages left Portugal and Spain in the dark, the world might have woken up to the fact that fossil fuels are still necessary.

MarketBeat

Anas Sarwar blames SNP and Tories for Grangemouth job losses

ANAS Sarwar has claimed the SNP and Tories are to blame for job losses at Grangemouth oil refinery after he was challenged on previous promises he…

The National (Scotland)

Grangemouth closure risks fuel shortages and rationing, MP claims

MINISTERS have been warned that the closure of Scotland’s last oil refinery risks fuel shortages and even rationing.

The National (Scotland)

Houthis maintain pressure on Israel as US launches more strikes on Yemen

Prime minister of Yemen’s internationally recognised government has resigned amid political turmoil.

Al Jazeera

Puerto Rico drops climate lawsuit after DoJ sues states to block threats to big oil

Territory’s voluntary move comes as Trump administration makes good on pledge to end lawsuits against oil and gas

The Guardian - US

Crude Prices Settle Lower as OPEC+ Discusses a Crude Production Hike

June WTI crude oil (CLM25 ) Friday closed down -0.95 (-1.60%), and June RBOB gasoline (RBM25 ) closed down -0.0293 (-1.43%). Crude oil and gasoline prices fell moderately on Friday after OPEC+ brought forward its meeting to discuss an increase in crude production, bolstering concerns about a global supply glut....

Barchart

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The Independent UK

Oil and gas supplier says Tesla is ‘refusing to pay’ $2 million in past-due bills – and that chaotic staffing has only made it worse

Exclusive: Myriad excuses, dubious justifications and ‘constant personnel turnover’ has stymied Sun Coast Resources from being made whole, according to a civil complaint obtained by The Independent

Fortune

Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.

International Business Times

Lower Profits At US Oil Giants Amid Fall In Crude Prices

US oil giants ExxonMobil and Chevron reported lower profits Friday, reflecting the hit from falling crude prices amid global economic uncertainty surrounding President Donald Trump's tariffs.

Barchart

Is This Warren Buffett Dividend Stock a Buy Before May 3?

A favorite of the Oracle of Omaha in recent years, murmurs are getting stronger of a buyout of the company by the legendary investor.

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Barchart

Arabica Coffee Prices Slip on Brazil Coffee Crop Optimism

July arabica coffee (KCN25 ) today is down -1.40 (-0.36%), and July ICE robusta coffee (RMN25 ) is up +142 (+2.77%). Coffee prices today are mixed. Arabica coffee is under pressure as above-normal rain in Brazil has boosted soil moisture levels and is bearish for coffee prices. Somar Meteorologia reported...

Barchart

Crude Prices Fall on Speculation that OPEC+ Will Boost Crude Production

June WTI crude oil (CLM25 ) today is down -0.90 (-1.52%), and June RBOB gasoline (RBM25 ) is down -0.0314 (-1.53%). Crude oil and gasoline prices today are moderately lower after OPEC+ brought forward its meeting to discuss an increase in crude production, bolstering concerns about a global supply glut....

Barchart

Will Sugar’s Price Consolidation End?

World sugar futures for July delivery on the Intercontinental Exchange have traded in a 16.43 to 19.72 cents per pound range in 2025. While coffee, cocoa, and frozen concentrated orange juice futures have reached record highs over the past months, world sugar remains well below its 1974 record 66.0 cents…

Bored Panda

These 24 Products Have One Goal: To Save You Time

We've compiled a list of 24 incredible products designed to save you precious minutes (or even hours) each week.

The National (Scotland)

Alba lay 'wreath from Scottish Labour' to mark end of Grangemouth production

ALBA have laid a wreath "on behalf of Scottish Labour" to mark the end of oil refining at Grangemouth after MSPs rejected proposals to…

The Guardian - UK

Ugandan activist asks HSBC to put ‘lives before profit’ as campaigners target bank’s AGM

Backing of oil, gas and coal projects under fire as campaigners deliver a letter to CEO Georges Elhedery

Barchart

Coterra Energy Stock Outlook: Is Wall Street Bullish or Bearish?

Coterra Energy has underperformed the broader market over the past year, but analysts are highly optimistic about the stock’s prospects.

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