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The Latest Breaking News from Oil

US tech stocks pull back, dragging indexes a bit further below their latest records

Technology stocks are giving back some more of their meteoric rises and are pulling the U.S. stock market a bit further from its all-time highs

AAP

Current price of oil as of May 19, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Video, satellite photos show Iran war oil spill on Persian Gulf island

A recent attack on an Iranian oil refinery has led to a devastating oil spill impacting Shidvar Island, a vital wildlife breeding ground in the Persian Gulf. Videos reveal oil-soaked shores and distressed marine life, highlighting the war's severe ecological toll. This incident follows other environmental damage from attacks on…

The Economic Times

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Investors challenge Shell over plans for long-term decline in fossil fuel demand

The company’s board defended its ongoing investments in oil and gas as shareholders gathered at the Sofitel Hotel near Heathrow on Tuesday morning.

Evening Standard

Video and satellite photos show Iran war oil spill on Persian Gulf island

A mysterious attack on an Iranian oil refinery during the Iran war caused an oil spill that affected a nearby Persian Gulf island that’s a protected breeding ground for wildlife

The Independent UK

Cotton Falling Back to Start Turnaround Tuesday Trade

Cotton price action is 68 to 110 points lower so far on Tuesday morning. Futures closed the Monday session with contracts 110 to 309 points higher on the day. The US dollar index was $0.298 lower at $98.91. Crude oil was up $1.83 at $107.25 on the day. Much of...

Barchart

India's inflation puzzle: How will fuel price play out

India's inflation debate intensifies as wholesale prices surge, driven by fuel costs, while retail inflation remains subdued. A recent fuel price hike is expected to push retail inflation higher, impacting household budgets. The RBI will closely monitor global crude prices, monsoon impact, and the pass-through of wholesale to retail inflation…

The Economic Times

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UK petrol prices hit new record high amid Iran oil crisis

The average price of a litre of petrol is the most expensive it’s been since December 2022

The Independent UK

How to stop pasta sticking together

Don’t just tip it into boiling water and leave it, says our pasta panel – it needs a bit of attention

The Guardian - UK

India bonds gain as oil cools on US-Iran deal hopes

Brent crude futures fell 1.7% in Asian trade to about $110 a barrel after Trump said Washington had paused planned ‌strikes on Tehran ⁠following a ⁠fresh peace proposal that could pave the way for a nuclear deal.

The Economic Times

Wall Street points lower and oil prices remain above $100 with Iran a dominant force in markets

Wall Street is leaning toward losses and oil prices remain above $100 per barrel as uncertainty about a resolution in the Iran war continues to be the biggest drag on markets

AAP

What Is Iran's 'Hormuz Safe'? The Bitcoin Insurance System for Ships Emerging Amid Gulf Tensions

US President Trump cancels a planned strike on Iran after Gulf allies' appeal, while Iran plans a Bitcoin-backed maritime insurance service to bypass Western financial systems.

International Business Times UK

Petrol prices reach highest level of Iran oil crisis

The average price of a litre of petrol in the UK now stands at 158.5p, according to the RAC.

Evening Standard

Warren Buffett’s Berkshire Hathaway Dumped 16 Stocks in Q1, But the Chevron Sale Was the Largest

Berkshire exited 16 stocks in Q1 under CEO Greg Abel, but its Chevron stock sale stood apart. Despite trimming its stake, Berkshire still appears deeply committed to the energy giant.

Barchart

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Latin Times

A Ship with Donations from Mexico and Uruguay Reached Cuba: What Did it Bring?

A ship carrying humanitarian aid from Mexico and Uruguay docked in Havana on Monday, bringing food and hygiene products to Cuba as the island confronts a worsening economic and energy crisis tied to fuel shortages, aging infrastructure, and renewed U.S. pressure on countries that supply it with oil.

The Guardian - US

Orcas could be casualty in Carney’s push for pipeline, environmental groups fear

Rush to develop fossil fuel infrastructure in Canada collides with laws meant to protect endangered species

The Economic Times

Why Emkay is seeing Nifty at 29,000 by March 2027 despite oil shock, West Asia tensions

Emkay Global maintains a bullish outlook on Indian equities, projecting the Nifty could reach 29,000 by March 2027, driven by strong domestic growth, earnings recovery and policy support. The brokerage expects markets to navigate near-term volatility from geopolitical tensions & high crude prices. It also warns of macro risks from…

The Texas Tribune

What soaring gas prices mean for Texas and how long it could take for costs to come down

Here’s what you should know about the market forces at play and what higher prices mean for oil companies and the state.

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news in one place.

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The Economic Times

Downside risks to economy have begun materializing as continued West Asia conflict casts shadow over India's trade outlook: Crisil

The escalating conflict in West Asia is emerging as a major risk for India’s economy, threatening trade flows, increasing import costs, and putting pressure on growth. Higher crude oil and transportation expenses are expected to widen India’s current account deficit and push inflation upward as businesses pass on rising costs…

The Economic Times

ICRA lowers India's FY27 GDP growth estimate to 6.2%

Rating agency ICRA has revised India's FY27 GDP growth forecast down to 6.2% from 6.5% due to elevated crude oil prices stemming from the West Asia crisis. For FY26, growth is estimated at 7.5%. Q4 FY26 GDP growth is expected to slow to 7% amid moderating industrial and services sectors,…

The Economic Times

India soymeal exports to fall to four-year low on rising prices

India's soymeal exports are projected to drop by half to a four-year low in the current year, driven by a 47% price surge over the past month. This makes Indian animal feed uncompetitive against South American supplies, prompting Asian buyers to switch. Tight domestic supplies and strong demand are keeping…

The Economic Times

Gold price on Tuesday: Why are silver, gold rates crashing today? What will be likely gold price in June?

Gold rater today: Oil prices fell more than 2 per cent, easing some inflation fears. Gold is considered a hedge against inflation, though higher interest ⁠rates tend to weigh on the non-yielding metal.

AAP

Global shares trade mixed and Kospi falls 3% as oil prices keep swinging

Global shares are mixed as uncertainty about what will happen with the Iran war roils global markets

The Economic Times

Kotak warns of massive fuel under-recoveries despite recent Rs 3/litre price hike

Fuel prices in India could see a significant increase. State-run oil companies may have to raise petrol and diesel rates further if crude oil prices stay high. This is due to ongoing disruptions in the Strait of Hormuz. Even after a recent small hike, refiners face substantial under-recoveries. Further price…

The Economic Times

India's fuel price hike among world's lowest outside Gulf nations: BJP

Fuel prices saw a hike of about 90 paise per litre. The BJP stated this increase is among the lowest globally. State-run oil firms absorbed significant losses for 76 days before passing on some costs. Global crude prices surged due to the West Asia conflict. India's fuel price rise remains…

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