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The Latest Breaking News from Oil

Exxon and Chevron quarterly earnings fall despite soaring oil prices

US oil giants report big drops in profits due to Iran war disruptions but are expected to eventually reap benefits

The Guardian - US

April’s Top Performers and Underperformers

Crude oil, gasoline, gasoline refining spreads, bitcoin, and cotton futures posted double-digit percentage gains in April, while Rotterdam coal, natural gas, and sugar futures posted the most significant declines. Higher interest rates and a weaker dollar index were a mixed signal for the commodities asset class in April 2026.

Barchart

Oil price declines amid reports of new Iran offer

The FTSE 100 closed down 14.89 points, or 0.1%, at 10,363.93.

Evening Standard

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read the most diverse news in one place.

Voices: Donald Trump has no idea just how close he is bringing us to economic ruin

THE INDEPENDENT VIEW: Editorial: As shelves empty and medicines run out, the US president seems happy to bask in the thin adulation offered for his botched Iran intervention like a frog in a pot of water coming to the boil

The Independent UK

Spirit Airlines ceases operations and US transportation secretary announces measures to help passengers

Several US airlines have agreed to cap ticket prices for Spirit customers who need to rebook canceled flights

The Guardian - US

The Clean Energy Edge Is Becoming Clearer As a Result Of The Iran War

Beyond a death toll in the thousands, the war in Iran has another ripple effect. Oil-dependent nations are getting squeezed more than ever, further clarifying the clean energy advantage.

International Business Times

Crude Prices Tumble on Hopes Negotiations to End Iran War Will Resume

June WTI crude oil (CLM26 ) today is down -3.37 (-3.21%), and June RBOB gasoline (RBM26 ) is down -0.0448 (-1.24%). Crude oil and gasoline prices gave up early gains today and retreated , with gasoline falling from a 3.75-year high, on hopes that negotiations to end the US-Iran war...

Barchart

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Stocks Climb on Strong Earnings and Crude Oil Weakness

The S&P 500 Index ($SPX ) (SPY ) today is up +0.62%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. June E-mini S&P futures (ESM26 ) are up +0.43%, and June E-mini Nasdaq futures...

Barchart

I tried to live for 24 hours without using oil-based products. It was ridiculously impossible

The world’s economy is completely dependent on petrochemicals. Is there any way to avoid them?

The Guardian - AU

Donald Trump shamelessly wants Strait of Hormuz named after himself. But Gavin Newsom destroys him with 9 words

An ego as wide as the gulf.

We Got This Covered

Can higher oil prices negate damage to Qatari gas plant for Shell?

The British oil and gas producer will publish its financial results for the first quarter of 2026 on Thursday.

The Independent UK

Dollar Falls on Lower Crude Prices and a Weak ISM Report

The dollar index (DXY00 ) today is down by -0.33%. The dollar added to Thursday's sharp losses today, falling to a 2-week low. The strength in other G-10 currencies is weighing on the dollar today, with the euro climbing to a 1.5-week high and the yen jumping to a 2-month...

Barchart

Oil Prices Drop After Iran Submits Response To Proposal To End The War

Oil prices are dropping after Iran said it sent its latest response to the proposal to end the war with the U.S. and Israel.

International Business Times

Could Santa Marta climate talks mark ground zero in push to ditch fossil fuels?

Colombia hosted nearly 60 countries at pivotal time on world stage for fight to transition to a clean energy future

The Guardian - UK

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International Business Times UK

Sky-High Airfares Become 'New Normal' As Jet Fuel Crisis Reshapes Travel

Fuel prices are rising due to US-Iran tensions, affecting travel costs and airline operations. The UK government is monitoring the situation, while experts predict prolonged elevated costs.

The Independent UK

Ukraine says a strike hit Tuapse oil terminal, the fourth attack on the region in 2 weeks

Ukrainian forces have struck an oil terminal in the Russian Black Sea city of Tuapse, according to Ukraine’s General Staff

The Conversation

The Iran war has brought many old Gulf faultlines to the fore – and is creating new ones

The United Arab Emirates (UAE) announced on April 28 that it will leave the global oil producers’ cartel Opec. Its decision is the latest sign that the war in the Middle East has not only deepened animosities between Iran and its Gulf neighbours, but among the Gulf states too.

Fortune

Current price of oil as of May 1, 2026

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

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news in one place.

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Barchart

Soybeans Posting Friday AM Strength

Soybeans are extending higher on Friday morning, with contracts up 3 to 4 cents. Futures bounced off early session lows on Thursday to close with contracts down ¼ to 1 ½ cents in old crop contracts and up 1 3/4 to 3 cents in the new crops. Open interest rose...

The Conversation

What’s in the price of a gallon of gas?

The U.S. Energy Information Administration expects nationwide retail gasoline prices to average near US$4.30 a gallon for April 2026 – the highest monthly average of the year. The political response has been familiar. Georgia has suspended its state gas tax, other states are weighing their own tax holidays, and the…

Euronews

The UAE’s OPEC exit signals strategic shift as Gulf unity faces new test over oil policy

The UAE's exit from OPEC signals a strategic shift, raising questions about Gulf coordination and the organisation's future.

The Independent UK

What are Trump’s options for Iran after ‘final blow’ briefing?

The United States is said to be weighing its options, with the conflict no closer to formally ending

Marie Claire

Alcohol-Free Fragrances Are Everywhere In 2026, From Body Mists to Solid Oils

Scent experts break down our current alcohol-free obsession.

Evening Standard

Fuel price rises caused by cost of oil rather than retail margins – watchdog

The Competition and Markets Authority said fuel margins have been ‘broadly unchanged’ since the start of the war in the Middle East.

The Conversation

War in the Gulf and on US free speech

Brent crude oil surged to US$126 (£94) a barrel after US president Donald Trump announced that he was willing to prolong the blockade of Iranian ports for “months if needed”. This conflict has been billed as a matter of who can absorb the most pain. And Trump is betting on…

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