Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Oil

Fresh fuel supply fears hosed down after refinery blaze

Australia will lean more heavily on fuel imports after a fire caused by a suspected gas leak ripped through one of the nation's two oil refineries.

AAP

'Blaze not yet under control': Fire breaks out at Viva Energy's Geelong refinery in Australia

A major fire erupted early Thursday at Viva Energy Group’s Geelong refinery in southern Australia, one of the country’s two remaining oil refineries that supplies about 10 per cent of its fuel.

The Times of India

Stocks hit record high as investors bet on Iran war optimism

Whether Wall Street’s optimism for peace is justified, and if current stock valuations are sustainable, remains to be seen

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Geelong fire: blaze at one of Australia’s two oil refineries extinguished after 13 hours as fuel supply fears remain

Petrol production hit and full extent of damage unknown after ‘unprecedented’ fire at Viva plant in Corio

The Guardian - AU

Bowen says Geelong fire appears to be accidental; Keating lashes Liberals– as it happened

This blog is now closed

The Guardian - AU

US-Iran Peace Hopes Push the S&P 500 and Nasdaq 100 to Record Highs

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.80%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.40%. June E-mini S&P futures (ESM26 ) rose +0.79%, and June E-mini Nasdaq futures...

Barchart

S&P, Nasdaq Close at New All-Time Highs: Stock Market Today

Markets can see beyond the war in the Middle East and are no longer moving based on still-volatile crude oil prices.

Kiplinger

Read news from The Economist, FT, and more,
with one subscription

Major humiliation for Donald Trump as ships ignore his Hormuz blockade bluff and sail right through

Donald Trump’s high-stakes gamble to squeeze Iran by blockading the Strait of Hormuz just got a reality check. Within hours of the U.S. Navy’s supposed ironclad blockade taking effect, multiple ships — including some linked to Iran and even a Chinese tanker — sailed right through the waterway like it…

The Mary Sue

Possible US-Iran Ceasefire Extension Knocks Crude Prices Lower

May WTI crude oil (CLK26 ) on Wednesday closed down -0.05 (-0.05%), and May RBOB gasoline (RBK26 ) closed up +0.0297 (+0.98%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 3-week low. Crude prices came under pressure on Wednesday after the AP reported that...

Barchart

5 Modern Grooming Hacks for the Busy Man

A sharp look doesn’t demand hours in front of a mirror. It demands strategy. The modern man moves fast, juggles responsibilities, and refuses to sacrifice style just because the clock feels unforgiving. Grooming now sits at the intersection of efficiency and impact, where small changes deliver major results without turning…

Clever Dude

Persistent Global Surpluses Sink Sugar Prices

May NY world sugar #11 (SBK26 ) on Wednesday closed down -0.37 (-2.67%), and May London ICE white sugar #5 (SWK26 ) closed down -4.70 (-1.11%). Sugar prices gave up an early advance on Wednesday and sold off sharply, with NY sugar sinking to a 5.5-year nearest-futures low. Sugar prices...

Barchart

Sweden foiled pro-Russian cyberattack on thermal power plant in 2025, minister says

Civil Defence Minister Carl-Oskar Bohlin said the aim of the operation was to disrupt the functioning of a facility that supplies heating.

Euronews

How a US blockade on Iran has sanctioned ships turning around

The U.S. Navy is imposing a sea blockade against Iran — the latest escalation in the war that has seen the flow of key energy supplies choked off at the Strait of Hormuz

The Independent UK

Chevron executive has a blunt idea for Americans dealing with high gas prices: ‘People should drive less’

The oil executive also suggested turning off light switches

The Independent UK

Get all your
news in one place.

100's of premium titles.
One news app.

AAP

PM cuts short Asian fuel mission after refinery fire

Anthony Albanese will return to Australia early from overseas following a major blaze at one of the nation's two remaining fuel refineries.

Barchart

Cotton Rallying on Wednesday

Cotton is rallying on Wednesday with contracts up 90 to 125 points at midday. The US dollar index is $0.063 lower at $97.845. Crude oil is up 55 cents on the day. The Seam showed 5,245 bales sold on 4/14 at an average of 72.10 cents/lb. The Cotlook A Index...

Barchart

Soybeans Popping Back Higher on Wednesday

Soybeans are in rally mode, with contracts 10 to 12 cents higher so far. The cmdtyView national average Cash Bean price is up 11 cents at $10.91 1/4. Soymeal futures are $2.70 to $3.30 high on the day, with Soy Oil futures up 100 to 110 points. NOPA data from...

Barchart

Sugar Prices Sink on Expectations for the Global Sugar Surplus to Persist

May NY world sugar #11 (SBK26) today is down -0.29 (-2.09%), and May London ICE white sugar #5 (SWK26 ) is down -5.80 (-1.37%). Sugar prices gave up an early advance today and sold off, with NY sugar sinking to a 5.5-year nearest-futures low. Sugar prices have been under pressure...

Get all your
news in one place.

100's of premium titles.
One news app.

MarketBeat

Why Oil Refiners Are the Real Winners of $100 Oil Prices

$100 oil is boosting refiners, not drillers. Discover why Valero, Marathon Petroleum, and Phillips 66 are benefiting from record crack spreads

Barchart

Crude Prices Gain on Tighter Global Oil Supplies

May WTI crude oil (CLK26 ) today is up +1.22 (+1.34%), and May RBOB gasoline (RBK26 ) is up +0.0446 (+1.47%). Crude oil and gasoline prices recovered from early losses on Wednesday and moved higher amid the US naval blockade of the Strait of Hormuz, which continues to curb global...

Barchart

US-Iran Peace Optimism Lifts Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.36%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.391%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.63%. June E-mini S&P futures (ESM26 ) are up +0.37%, and June E-mini Nasdaq futures...

Latin Times

Bankers Accused in Oil-Linked Fraud Case Remain Jailed in Venezuela Despite Court-Ordered Release, Highlighting Limits of U.S. Influence

The brothers were accused by the Maduro-era government of participating in a $21 billion money-laundering scheme tied to Venezuela's state oil company

The Conversation

US blockade of Strait of Hormuz ratchets up tensions with China ahead of Trump visit to Beijing

The Trump administration’s decision to carry out a naval blockade of the Strait of Hormuz has raised tensions in the Persian Gulf to new and more perilous levels. The move was announced by the US president, Donald Trump, after negotiations over a ceasefire with Iran broke down on April 11,…

The Guardian - AU

The IMF refuses to name the cause of this global chaos. It starts with ‘Donald’ and ends in ‘Trump’

The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages

The Guardian - AU

Will Qantas and Virgin continue raising fares and cutting routes? This graph may give the answer

Price of jet fuel has climbed by 125% since start of Iran war – giving Qantas and Virgin a big challenge as fuel accounts for a fifth of expenses

1 … 120 121 122 123

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

International Monetary Fund

Read news from The Economist, FT, and more,
with one subscription

Topics

Dow Jones Industrial Average

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.