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The Latest Breaking News from Oil

UN chief says Middle East conflict is at the 'edge of the imaginable'

Ongoing conflict in the Middle East has pushed the region to the "edge of the unimaginable", UN Secretary-General Antonio Guterres warned on Thursday, as Houthi attacks on shipping in the Red Sea threatened to escalate the conflict further. President Donald Trump said the US would hold Iran responsible for these…

France 24

How Crows Make Multi-Step Tools in the Wild: What Their Behavior Reveals About Bird Intelligence

What Researchers Actually FilmedIn 2016, researchers from the University of Oxford published footage of New Caledonian crows in the wild doing something that had never been documented outside a laboratory: combining two separate materials to create a single functional tool. One crow picked up a short stick, found it too…

Times Life

Oil Price Today (July 23): Crude oil crosses $95 as US strikes enter 12th day. Why Goldman says $120 is possible?

Brent crude futures rose $1.93, or 2%, to $96 a barrel, their highest level since June 8. The benchmark had ended the previous session more than $3 higher at $94.07, just below a six-week high. U.S. West Texas Intermediate crude gained $1.44, or 1.7%, to $88.27 after advancing nearly 3%…

The Economic Times

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Oil prices rise to six-week high as US-Iran tensions escalate

Oil prices climbed to a six-week high on Thursday. This surge followed new United States strikes on Iran and Houthi attacks. Iran's Revolutionary Guards reported an oil tanker caught fire near the Strait of Hormuz. The Houthis also threatened vessels carrying Saudi oil in the Red Sea. These events threaten…

The Economic Times

Six Indian Eco-Lodges That Practice Genuine Sustainability, Not Just Green Marketing

Bison Resort, Wayanad, KeralaBison Resort sits inside the Wayanad Wildlife Sanctuary buffer zone, and it earns that address. The lodge runs on solar power for over 80% of its electricity load, composts all organic waste on-site, and has a documented no-plastic policy that extends to guest toiletries, refillable dispensers, cloth…

Times Life

US-Iran tensions underpin dollar as yen nears 40-year low

The dollar stabilized on Thursday as U.S.-Iran tensions increased investor caution. Rising oil prices fueled inflation fears and supported the safe-haven dollar. The Japanese yen languished near a forty-year low with little recovery in sight. European Central Bank is expected to hold rates steady but may hike later. Australian and…

The Economic Times

Gold off two-week peak as oil advances, Fed meeting eyed

Gold prices softened on Thursday after reaching recent highs. Escalating Middle East tensions boosted oil prices and the dollar's safe-haven appeal. Traders now await the Federal Reserve meeting for interest rate clues. Rising oil prices also fueled inflation concerns and potential Fed rate hikes. Other precious metals like silver and…

The Economic Times

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What Cooking on a Gas Stove Without Proper Ventilation Does to Your Lungs Over Time

The Air Inside Your Kitchen Is Often More Toxic Than OutsideA 2022 Stanford University study published in Environmental Science & Technology found that gas stoves can raise indoor nitrogen dioxide (NO2) levels to concentrations that exceed the EPA's outdoor air quality standards within minutes of ignition, even before food hits…

Times Life

Global Market Today: Asian shares rise as chipmakers gain, oil climbs

Asian shares advanced as regional chipmakers gained on artificial intelligence buildout expectations. Oil extended its rally after Houthi militants targeted Saudi Arabian tankers in the Red Sea. Alphabet Inc. raised its capital spending significantly, impacting US equity futures negatively. Investors are scrutinizing megacap earnings for AI return on investment signs.…

The Economic Times

D-St set for a negative opening as GIFT Nifty signals weak start

Domestic equities declined as broad-based selling persisted across sectors. India VIX surged, reflecting heightened market volatility and investor fear. Analysts expect sideways trading with a negative bias due to global tensions. Foreign portfolio investors were net sellers, impacting market sentiment negatively. The Indian rupee fell to a two-month low as…

The Economic Times

Houthis claim attacks on Saudi tankers in Red Sea, raising risk of new chokepoint in Iran war

Houthi militants claimed strikes on two Saudi oil tankers, raising Red Sea shipping risks. The United States launched new strikes on Iran, marking a twelfth successive night of attacks. These actions threaten global oil supplies and increase regional conflict potential. Iran warned of targeting economic infrastructure if its own infrastructure…

The Economic Times

'We Don't Need the Hormuz Strait': Trump Claims US and Venezuela Now Control 62% of World's Oil Market

President Trump declares U.S. independence from the Strait of Hormuz, citing control over 62% of the world's oil market with Venezuela. Tensions rise as U.S. military actions continue against Iran.

International Business Times UK

Conan O’Brien reveals ‘greaseball’ hair was result of painful scalp sunburn

The comedian says a severe sunburn after attending the Obama Presidential Center opening left him coating his scalp in oil, creating the slick hairstyle that quickly went viral online.

BANG Premier

Cotton Extends Gains on Wednesday

Cotton futures saw gains of 42 to 91 points across most contracts on Wednesday session. Crude oil is up another $2.14 per barrel, with the US dollar index down 0.061. The NOAA 7-day QPF shows very limited precipitation across much of TX and the southeast for the next week. The...

Barchart

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International Business Times UK

Joaquín Castro Accuses Trump Administration of 'Graft' Over Venezuela's Untraced Oil Billions

Democratic congressman Joaquín Castro accuses the Trump administration of mismanaging Venezuelan oil revenue, highlighting a lack of transparency as Venezuela struggles with earthquake recovery and economic challenges.

Barchart

Stocks Settle Lower as Crude Oil Prices Jump

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.14%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.54%. September E-mini S&P futures (ESU26 ) fell -0.07%, and September E-mini Nasdaq futures...

The Conversation

The way Australia taxes gas production is stuck in the past – this is why companies aren’t paying their fair share

Australian liquefied natural gas (LNG) exports peaked at just over A$90 billion in 2022-23 following Russia’s invasion of Ukraine, easing to $65 billion in 2024-25. That placed Australia third in value of LNG exports, behind the United States and Qatar.

The Economic Times

US stocks today: S&P 500, Nasdaq close lower amid mixed show by tech stocks ahead of earnings

U.S. markets ended mixed with Nasdaq under pressure as software stocks dragged while chip stocks gained. Investors remained cautious ahead of key earnings from Alphabet and Tesla Inc.. Rising oil prices and geopolitical tensions added inflation concerns, keeping market sentiment volatile despite ongoing AI-driven optimism.

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Motor1

Mechanic Says Your Toyota May Be Getting The Wrong Oil. Then He Changes Mobil 1 Formula: ‘As A Warranty Inspector This Would Void’

“I’m sure you know more than the engineers at Toyota."

Barchart

Dollar Eases on Euro and Yen Strength

The dollar index (DXY00 ) fell by -0.04% on Wednesday. The dollar posted modest losses on Wednesday amid a mild recovery in the euro and the yen. The euro rose ahead of Thursday's ECB meeting, and the yen recovered slightly from Tuesday's 39-year low on the prospect of faster BOJ...

Barchart

Escalating Global Supply Risks Underpin Crude Oil Prices

September WTI crude oil (CLU26 ) on Wednesday closed up +2.49 (+2.95%), and September RBOB gasoline (RBU26 ) closed up +0.0186 (+0.58%). Crude oil and gasoline prices settled sharply higher on Wednesday, with crude posting a 6-week high and gasoline climbing to a 2-month high. Threats to global oil supplies...

Fortune

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

The Treasury Secretary says he hasn’t been to Fort Knox, but said all $600 billion in gold there is “present and accounted for.”

Frugal Gardening

8 Ways to Use Overripe Garden Produce Before It Spoils

A garden can go from “nothing is ready yet” to “why are there 47 zucchini on the counter?” with astonishing speed. Overripe tomatoes soften, cucumbers turn yellow, peppers wrinkle, and fruit can move from perfectly edible to questionable before the weekend even arrives.

Capital & Main

Gov. Shapiro Walks a Fine Line on Climate; His Opponent Just Wants to Drill.

As cash flows into Pennsylvania governor's race, ethical questions over Stacy Garrity's fracking income loom.

The Economic Times

More tankers turn back as Houthi threat rattles Red Sea oil trade

Houthi militia warnings are causing tankers to change course in the Red Sea. Two vessels altered their destinations to the Suez Canal after the blockade declaration. European Union naval forces advised ships to avoid voyages through the Red Sea. This situation raises concerns for global energy supplies and international trade…

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