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The Latest Breaking News from Oil

How LNG interests are seeking to disrupt global talks on decarbonising shipping

Observers say pressure on IMO negotiations appears to be linked to countries that have invested heavily in liquefied natural gas

The Guardian - UK

Germany’s climate U-turn is the worst possible response to the oil shock

Prices at the pump have leapt since the start of the conflict – but clinging to fossil fuels will only prolong the pain, says Berlin-based journalist Tania Roettger

The Guardian - UK

Asian shares gain with most markets closed for May Day, while oil holds steady at $111 a barrel

Shares are higher in Asia, though most markets in the region are closed for May Day holidays

The Independent UK

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read the most diverse news in one place.

Australian shares snap eight-session run of losses

The ASX has ended the week on a positive note, buoyed by strong US earnings despite ongoing uncertainty over the Gulf energy crisis.

AAP

Ukraine war briefing: Kyiv claims victory over ‘shadow grain fleet’ shipment to Israel

Panama-flagged Panormitis turns away without unloading as Kyiv vows to treat carriers of ‘stolen’ grain the same as Russian oil tankers. What we know on day 1,528

The Guardian - AU

Grill Experts Warn – Don’t Fire Up Your BBQ Until You Do This One Free Thing (Or Risk Rust)

Skipping the seasoning of your cast-iron grates could ruin them altogether

Homes & Gardens

Australia will avoid recession, despite global jitters

One of the big four banks has delivered encouraging news about Australia's chances of avoiding a recession, which could still emerge in the global economy.

AAP

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Cotton Sees Front Month Limit Gains on Thursday

Cotton futures closed the Thursday session gains of the 3 cent limit in July, with in delivery May up 3 cents. Most other contracts were 102 to 254 points higher. The US dollar index was down $0.877 at $97.950. Crude oil was back down $1.47 to $105.41. USDA’s Export Sales...

Barchart

Soybeans Close with Mixed Trade on Thursday

Soybeans bounced off early session lows on Thursday to close with contracts down ¼ to 1 ½ cents in old crop contracts and up 1 3/4 to 3 cents in the new crops. The cmdtyView national average Cash Bean price was down 2 1/4 cents at $11.23 1/4. Soymeal futures...

Barchart

Trump gives go-ahead to major new Canada-US oil pipeline

President Donald Trump has granted a key approval to a major new pipeline that would move oil from Canada into the central U.S. The three-foot-wide Bridger Pipeline Expansion would carry up to 550,000 barrels of oil a day from the Canadian border with Montana down through eastern Montana and Wyoming,…

The Independent UK

S&P 500 and Nasdaq 100 Rally to Record Highs on Earnings Optimism

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.62%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.98%. June E-mini S&P futures (ESM26 ) rose +1.01%, and June E-mini Nasdaq futures...

Barchart

High oil prices due to the Iran war weigh on everything from the gas pump to consumer goods

As the Iran war enters its third month, consumers are paying for its disruption of worldwide energy production

The Independent UK

Dollar Weakens as Japan Intervenes in Forex Market to Support the Yen

The dollar index (DXY00 ) on Thursday tumbled to a 1.5-week low and finished down by -0.95%. Thursday’s +2% rally in the yen weighed on the dollar after the Nikkei reported that the Japanese government and the BOJ conducted yen-buying operations. Earlier on Thursday, Japanese Finance Minister Satsuki Katayama warned...

Barchart

Let’s Get This Strait: Ignore Energy Prices at Your Own Peril (and 3 ETFs to Buy Now)

In a market defined by geopolitical blocks and supply shocks, the winners are those who own the one thing the world can’t live without: Power.

Barchart

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International Business Times

Experts Push Back Against Trump's Claims that Iran's Oil Infrastructure Could 'Explode' Soon

President Donald Trump's claim that Iran's oil pipelines could soon "explode" under pressure from a U.S. blockade is drawing skepticism from energy analysts.

Barchart

Crude Oil Prices Retreat on Signs of Weaker Global Energy Demand

June WTI crude oil (CLM26 ) on Thursday closed down -1.81 (-1.69%), and June RBOB gasoline (RBM26 ) closed up +0.0228 (+0.63%). Crude oil and gasoline prices settled mixed on Thursday, with gasoline soaring to a 3.75-year high. Crude oil gave up an early advance and fell sharply on Thursday...

Fortune

Wind energy executive says company ‘must adapt’ as Trump offers $2 billion to kill offshore wind projects

“My goal is to not let any windmill be built. They’re losers,” Trump said to oil executives in January.

Marie Claire

April's Best New Products Perfected My Vacation Beauty Routine

Consider your vacation beauty routine sorted with these new bronzers, body oils, sunscreens, and more.

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news in one place.

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International Business Times

Oil Shock From Iran Conflict Pushes Global Economy Toward Stagflation Risk: Analysis

A sustained energy supply shock is reshaping global economic expectations, with analysts warning that inflationary pressure and slowing growth are increasingly moving in tandem across major economies.

Fortune

Your laundry bill is about to get more expensive—and Unilever says the Iran war is partly to blame

“There will be frequent price increases, but in small doses,” Unilever CFO Srinivas Phatak told analysts on Thursday.

The Times of India

The week that was in international affairs: UAE to exit Opec; Ukraine makes Russia jittery

UAE exits Opec, impacting global oil dynamics amid regional tensions. Ukraine escalates attacks on Russia, forcing Moscow to scale back Victory Day parades. King Charles' US trip strengthens UK-US ties. Syria begins its first transitional justice trial. China pressures African nations, forcing Taiwan's President to cancel a trip.

The Times of India

Move over TACO, NACHO takes over: Trump earns new nickname amid oil disruption from Strait of Hormuz blockade

Market analysts have shifted from the 'TACO' nickname for President Trump to 'NACHO' amid escalating tensions over the Strait of Hormuz. This new label reflects growing skepticism that the crucial global energy route will reopen soon, despite ongoing diplomatic efforts and trade disputes.

We Got This Covered

A month ago, Trump told allies the Strait of Hormuz was not his problem. Now he’s begging them to fix it for him

Well, it's his problem now.

Latin Times

European Parliament Defies U.S. Shift, Demands Sanctions Stay On Delcy Rodríguez and Other Venezuelan Officials

The European Parliament approved a resolution calling for sanctions to remain in place against Delcy Rodríguez and other Venezuelan officials, putting the EU legislature on a collision course with Washington's recent move toward economic reengagement with Caracas.

Barchart

Signs of Weaker Energy Demand Fuel Long Liquidation in Crude Prices

June WTI crude oil (CLM26 ) today is down -2.01 (-1.88%), and June RBOB gasoline (RBM26 ) is down -0.0104 (-0.29%). Crude oil and gasoline prices gave up early gains today and fell sharply on concerns that higher energy prices are starting to curb demand and global economic growth. Long...

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