The Latest Breaking News from Oil

How food and drink items have risen in price in the past year

Cucumbers have gone up by 52%, olive oil by 49% and hard cheese by 44%.

The Independent UK · May 3, 2023

Climate protesters rework Spice Girls song to disrupt Barclays AGM

Lyrics of Stop changed to ‘stop right now, no more oil and gas’ because of bank’s fossil fuel funding

The Guardian - UK · May 3, 2023

Democrats still aim to probe oil giants’ climate-change knowledge - Roll Call

Senate Democrats aim to continue a House investigation into the oil industry's so-called supermajors and what they knew about climate change.

Roll Call · May 3, 2023

US Navy: Iran Seizes Oil Tanker in Strait of Hormuz

Iran seized a Panama-flagged oil tanker in the Strait of Hormuz on Wednesday, the second-such capture by Tehran in recent days, the US Navy said. The Navy's Mideast-based 5th Fleet identified the vessel as the Niovi. It said Iran's Revolutionary Guard seized the ship. The Navy published pictures of a…

Asharq Al-Awsat · May 3, 2023

US Navy: Iran seizes oil tanker in Strait of Hormuz

Iran seized a Panama-flagged oil tanker in the Strait of Hormuz on Wednesday, the second-such capture by Tehran in recent days

The Independent UK · May 3, 2023

Stock Index Futures Move Higher as Investors Await Fed Rate Decision, Bank and Debt Fears Return

June S&P 500 futures (ESM23) are up +0.14%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.17% this morning after three major U.S. benchmark indices finished the regular session solidly lower as renewed fears about the health of the U.S. banking sector weighed on sentiment ahead of the Federal…

Barchart · May 3, 2023

Huge fire rages at oil depot behind Russian lines

Officials say a massive blaze has broken out at an oil depot behind Russian lines

The Independent UK · May 3, 2023

Huge Fires at Oil Depots in Russia and Ukraine as Sides Press Drone War

Oil depots were ablaze in both Russia and Ukraine on Wednesday as both sides escalated a drone war targeting infrastructure ahead of Kyiv's planned spring counter-offensive to try to end Moscow's all-out invasion. Scores of firefighters battled a huge fire that Russian authorities blamed on a Ukrainian drone crashing into…

Asharq Al-Awsat · May 3, 2023

Iran seizes second oil tanker in a week in Gulf -U.S. Navy

Iran seized a second oil tanker in a week on Wednesday in Gulf waters, and the U.S. State Department called for its release, in the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019.

Reuters · May 3, 2023

Russian drone attack causes huge fire at central Ukrainian oil depot - prosecutors

A Russian drone strike hit an oil facility in the central Ukrainian city of Kropyvnytskyi in the early hours of Wednesday, causing a major fire, Ukrainian prosecutors said.

Reuters · May 3, 2023