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The Latest Breaking News from Oil

The end of oil? As fuel shocks cascade, 53 nations gather to plan a fossil fuel phaseout

US President Donald Trump is a longtime climate denier and oil industry ally, who sums up his own energy policy as “drill, baby, drill”. Yet he is doing more than almost anyone to speed up the global shift from fossil fuels to clean energy and electric vehicles (EVs).

The Conversation

10 Reasons Your Gas Tank Is Emptying Faster Than It Should (And Costing You Money)

Gas prices refuse to stay predictable, and nothing stings more than watching the fuel gauge drop faster than expected. A tank that should last all week suddenly struggles to make it a few days, quietly draining money with every mile. Many drivers blame rising fuel costs, but the real issue…

Clever Dude

Halliburton CEO: U.S. oil rebound enters ‘early innings’ as Iran war triggers long-lasting global push for energy outside the Middle East

The smaller U.S. producers are the first movers bringing new oil wells online.

Fortune

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Iran gives Trump an ultimatum and threatens oil supply after derailing peace talks

IN FULL

The Independent UK

Citi Says Oil Prices Could Surge to $130 A Barrel if Strait of Hormuz Remains Closed

Citi analysts warned of how quickly the oil market could tighten if the Strait of Hormuz does not fully reopen soon, noting that crude could climb as high as $130 a barrel.

International Business Times

Crude Oil Prices Rally as US-Iran Talks on Hold

May WTI crude oil (CLK26 ) on Tuesday closed up +2.52 (+2.81%), and May RBOB gasoline (RBK26 ) closed up +0.0930 (+2.98%). Crude oil and gasoline prices recovered from early losses on Tuesday and moved sharply higher as Iran has yet to confirm its attendance at further talks in Pakistan...

Barchart

Nat-Gas Prices Recover on Carry Over Support from Crude Oil

May Nymex natural gas (NGK26 ) on Tuesday closed up +0.008 (+0.30%). Nat-gas prices on Tuesday erased early losses and moved higher as a rally in crude oil prices, driven by the continued closure of the Strait of Hormuz, sparked short-covering in nat-gas futures. Nat-gas prices initially moved lower on...

Barchart

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Why Have Gasoline and Heating Oil Futures Diverged?

Crude oil prices have been a focal point for markets across all asset classes. As crude oil prices rose in response to the military conflict in Iran and Iran’s regional retaliation in the Middle East, oil product prices soared. However, heating oil and distillates experienced more extreme rallies than gasoline.

Barchart

Ukraine completes Druzhba pipeline repairs, hoping to unlock blocked EU loan

Ukraine has completed repairs on a damaged oil pipeline and is preparing to resume flows

The Independent UK

'I thought the oil would be much higher': Trump's rosy Iran war spin risks sending traders the wrong message

Goldman says the stock market rally is real, but built on hope. Citadel says Trump’s own words drive volatility. Trump thinks oil could be $200 a barrel.

Fortune

Soybeans Posting Midday Gains Following Bean Oil Rally

Soybeans are rallying on Tuesday, with bean oil continuing to pull the market higher. Futures are up 9 to 11 cents. The cmdtyView national average Cash Bean price is up 9 3/4 cents at $11.11 1/4. Soymeal futures are down 30 to 70 cents on the day, with Soy Oil...

Barchart

Cotton Back to Strength on Tuesday’s Midday

Cotton futures are trading with contracts another 60 to 85 points higher across the front months on Tuesday. The US dollar index is 0.313 higher at $98.220. Crude oil is up another $3.03 at midday. NASS Crop Progress data showed 11% of the US cotton crop planted as of April...

Barchart

A well site explosion triggers a large fire and evacuations in Texas, but no injuries

Authorities say an explosion at a Texas natural gas or oil well site has set off a large fire, leading to some evacuations, but no injuries

The Independent UK

Free money to replace oil boilers with heat pumps boosted to £9k amid energy crisis

IN FULL

The Independent UK

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Fortune

How Trump's war screwed you out of your Trump tax refund: Wall Street has the receipts

Goldman Sachs and Morgan Stanley crunched the numbers on the OBBBA refund bonanza—and the math is brutal. Gas prices wiped it out.

MarketBeat

Strait to Safety: How to Hedge Oil Volatility in the Crude Awakening

Integrated energy majors, ExxonMobil and Chevron, leverage their diversified business models to navigate volatile oil markets and deliver shareholder value.

Radio France Internationale

EU optimistic Hungary veto on €90bn Ukraine loan will be lifted

Hungary’s post-election political shift is set to unblock the €90 billion European Union “financial support package” for Ukraine, after weeks of wrangling over the damaged Druzhba oil pipeline and Viktor Orban’s veto.

Barchart

Crude Oil Prices Climb as US-Iran Ceasefire Set to Expire on Wednesday

May WTI crude oil (CLK26 ) today is up +3.56 (+3.97%), and May RBOB gasoline (RBK26 ) is up +0.0682 (+2.19%). Crude oil and gasoline prices recovered from early losses today and moved sharply higher as Iran has yet to confirm its attendance at further talks in Pakistan with the...

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Barchart

Stocks Erase Early Gains as Crude Prices Jump on Iran Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.13%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.02%. June E-mini S&P futures (ESM26 ) are down -0.13%, and June E-mini Nasdaq futures...

International Business Times UK

When Will Gas Prices Go Down? Experts Warn Relief May Take Months

US petrol prices remain high due to geopolitical tensions and supply concerns. Analysts predict gradual relief as market conditions stabilize.

Euronews

Zelenskyy announces Druzhba oil pipeline repaired and 'can resume operation'

The repair of the Druzhba pipeline paves the way for the adoption of the €90 billion loan for Ukraine and a new round of sanctions against Russia, both of which are currently vetoed by Hungary.

Barchart

Stocks Supported by Signs Iran Will Attend Peace Talks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.24%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.20%. June E-mini S&P futures (ESM26 ) are up +0.25%, and June E-mini Nasdaq futures...

International Business Times

Oil Prices Ease to $94 as US-Iran Talks Offer Hope but Hormuz Risks Linger

World oil prices slipped modestly Tuesday amid tentative optimism over U.S.-Iran diplomatic efforts, with Brent crude hovering near $94.70 per barrel as traders weighed mixed signals from the Middle East against lingering threats to global energy supplies.

International Business Times

Oil Spikes Due To Iran War Have Added More Than $100 To Long-Haul Flight Tickets In Europe: Study

Spikes in oil prices as a result of the Iran war has added more than $100 to tickets of long-haul flights in Europe, according to a new study.

Fortune

Current price of oil as of April 21, 2026

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

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