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The Latest Breaking News from Oil

Avoid These 5 Cars If You Like Doing Your Own Oil Changes

Changing your own oil saves money, builds confidence, and keeps a vehicle running smoothly for years. Some cars, however, turn this simple task into a frustrating, time-consuming ordeal that even seasoned DIYers dread. Tight engine bays, hidden filters, and awkward drain plug placements can quickly transform a routine oil change…

Clever Dude

British Airways warns of higher airfares as UK govt monitors oil price surge amid Iran war

The ongoing conflict in the Middle East, linked to the wider Iran war situation, has sparked a rise in global oil prices after disruption concerns around the Strait of Hormuz.

The Times of India

'Doctrine of dominance': Russia accuses US of energy grab, says Iran, Venezuela actions 'about oil'

Russia's foreign minister Sergei Lavrov has accused the US of prioritizing oil and energy dominance, alleging military actions in Iran and Venezuela are resource-driven. He claims Washington disregards international law, opting for power over rules. Lavrov urged the US towards dialogue, criticizing policy shifts that strain relations and push Europe…

The Times of India

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8 Bada Mangal in 2026? The Rare Reason Revealed

What if a single month could quietly reshape the rhythm of devotion? In 2026, something rare unfolds not one, not four but eight Bada Mangal days. To some, it may look like just another calendar detail But for devotees, it carries a deeper meaning. Because when time itself stretches, it…

MyLifeXP

New global panel aims to accelerate move away from fossil fuels

Scientists and economists will help countries develop plans to reduce dependence on oil, gas and coal

The Guardian - UK

Cotton Slips Lower on Friday

Cotton futures were down 1 to 12 points across most front months on Friday, with May the lone hold out, up 20 points. May was still down 40 points this week. The US dollar index is slipping 0.2622 lower at $98.340. Crude oil was back down 97 cents to $94.88....

Barchart

US won't renew Iranian and Russian oil waivers, Bessent says

Treasury Secretary Scott Bessent says the U.S. does not plan a third renewal of a waiver allowing the purchase of Russian oil that is currently at sea

The Independent UK

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Does the Iran War Still Matter to Grains Traders?

Based on recent trading activity, it seems the grains are mostly getting caught up in headlines and social media posts, not fundamentals.

Barchart

S&P 500 and Nasdaq Post Record Highs on Tech Stock Strength and Iran Diplomacy

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.80%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.95%. June E-mini S&P futures (ESM26 ) rose +0.72%, and June E-mini Nasdaq futures...

Barchart

Crude Oil Prices Fall on Hopes Peace Negotiations With Iran Will Materialize

June WTI crude oil (CLM26 ) on Friday closed down -1.45 (-1.51%), and June RBOB gasoline (RBM26 ) closed down -0.0065 (-0.19%). Crude oil and gasoline prices gave up early gains on Friday and settled sharply lower after Pakistan said a second round of US-Iran peace talks is expected. Losses...

Barchart

US imposes sanctions on a China-based oil refinery and 40 shippers over Iranian oil

The Trump administration is sanctioning a major China-based oil refinery and about 40 shipping companies

The Independent UK

Top oil analyst guarantees that the next few months 'will be an ongoing, absolute disaster' even if the Strait of Hormuz opens tomorrow

"Over the coming months, this is going to unfortunately deteriorate badly. We're locked into that."

Fortune

War in the Middle East is stressing Europe's hard-learned lessons about fossil fuel dependency from 2022

It’s Europe’s second major energy crisis in just four years. The continent’s reliance on fuel imports is the common thread.

Fortune

Cotton Easing Back on Friday Morning Trade

Cotton futures are slipping 1 to 26 points in the front months so far on the Friday session. The US dollar index is slipping 0.242 lower at $98.365. Crude oil is back down $2.08 to $93.77. Export Sales data has export commitments at 10.58 million RB, which is 2% below...

Barchart

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Barchart

Soybeans Holding Steady on Friday

Soybeans are trading with front months up 2 to 3 cents, as deferred contracts are showing fractional losses. The cmdtyView national average Cash Bean price was up 2 1/2 cents at $11.00 3/4. Soymeal futures are $1.50 to $2.60, with Soy Oil futures up 25 to 35 points. USDA’s weekly...

Evening Standard

Blue chips close lower amid US-Iran stalemate

For the week, the FTSE 100 fell 2.7%, the FTSE 250 also declined 2.7% and the AIM All-Share dipped 1.7%.

Barchart

Crude Oil Prices Slip on Hopes US-Iran Peace Talks to Resume

June WTI crude oil (CLM26 ) today is down -0.36 (-0.38%), and June RBOB gasoline (RBM26 ) is down -0.0073 (-0.22%). Crude oil and gasoline prices gave up early gains today and turned lower after Pakistan said a second round of US-Iran peace talks is expected. Optimism that the US...

Barchart

Stocks Rise on Intel’s Earnings and Possible Resumption of Iran Peace Talks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.36%. June E-mini S&P futures (ESM26 ) are up +0.38%, and June E-mini Nasdaq futures...

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The Conversation

High petrol prices are fuelling interest in EVs. Here’s how this could bring down electricity bills

With oil prices skyrocketing following the US and Israel’s bombing of Iran, and the subsequent closure of the Strait of Hormuz, motorists around the world have been looking for ways to save money.

The Guardian - UK

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says

Exclusive: International Energy Agency’s Fatih Birol, the world’s leading energy economist, also says UK should largely forgo North Sea expansion

Euronews

Why investment in Caspian transit routes is crucial for energy security

As old energy routes buckle under the pressure of war and geopolitical disruption, governments and companies are converging on the Caspian region as the corridor that could keep Eurasia's energy flowing.

Barchart

Stocks Supported by Intel’s Blowout Earnings and Iran Peace Talk Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.27%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. June E-mini S&P futures (ESM26 ) are up +0.20%, and June E-mini Nasdaq futures...

The Independent UK

Man jailed for attempting to murder wife by pouring hot oil on her head

Raju Mollah, 50, has been sentenced to 26 years in prison for attempting to murder his wife in Birmingham. Mollah attacked his wife by pouring hot oil over her head and repeatedly striking her with a frying pan after asking her to make him an omelette. The victim suffered severe…

International Business Times UK

Trump on the Strait of Hormuz Stuns Allies With 'I'm the One Who Kept It Closed' Amid Rising US-Iran War Tensions

Trump's claim over the Strait of Hormuz, saying 'I keep it close', fuels US-Iran tensions and raises concerns over control of the key oil route

Evening Standard

What impact will soaring oil prices have on BP’s earnings?

The FTSE 100 firm said earlier this month it was heading for an ‘exceptional’ oil trading result in the first three months of the year.

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