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The Latest Breaking News from Oil

Breaking 6 publishers covering this story in the last 6 hours

1h ago SNP demand Labour rule out using North Sea wealth for English nuclear power
2h ago SNP says UK must rule out use of Scottish revenue for English nuclear energy
2h ago Houthis say Saudi strikes kill 11 after missiles intercepted
3h ago Scottish Greens urge John Swinney to say where he stands on energy policy
4h ago UAE oil spill beach closures: Authorities shut Ras Al Khaimah beaches; cleanup continues

Is Iran Losing Control of the Strait of Hormuz? Ship Traffic Plunges Despite Trump's Claim It Is Fully Open

Shipping traffic through the Strait of Hormuz has drastically decreased, contradicting US claims of normalcy, as US-Iran tensions persist without resolution, impacting global oil supply routes.

International Business Times UK · Aug 19

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities extended losses for a seventh session as rising oil prices and US-Iran tensions heightened risk aversion. Nifty fell to 24,078, while Sensex declined 326 points. Analysts flagged 24,000-24,050 as crucial support, with weak breadth favouring bears.

The Economic Times · Aug 19

Crude Prices Supported by Dollar Weakness and Middle East Tensions

September WTI crude oil (CLU26) is up +1.42 (+1.67%) on Tuesday, and September RBOB gasoline (RBU26) is down -0.0122 (-0.37%). Crude oil and gasoline prices are mixed today, with crude oil posting a 3-week high. Today’s sharp decline in the dollar index ($DXY ) to a 2.5-month low is bullish...

Barchart · Aug 19

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Stocks Supported by Lower Bond Yields

The S&P 500 Index ($SPX ) (SPY ) is up by +0.58% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.07%. E-mini S&P futures (ESU26 ) are up +0.61%, and September E-mini...

Barchart · Aug 19

Earlier this year, Virginia Tech researchers heated discarded PVC for 3 hours at 158°F. Today, the process can turn the hard-to-recycle plastic into industrial lubricant, offering a new use for the 40 million tons produced each year

Virginia Tech researchers have developed a new process for recycling discarded PVC plastic. This innovative method breaks down the polymer chains into smaller segments. The resulting thick oil can then be used as a lubricant in industrial applications. This approach offers a way to convert waste PVC into a valuable…

The Economic Times · Aug 19

Burnt iron pan looks ruined? Try these easy cleaning hacks to remove stubborn food and restore its surface

Reviving burnt cast-iron pans is achievable with the right cleaning methods. Begin by simmering water to loosen stubborn food remnants. Utilize a pan scraper coupled with an appropriate scrubber for those pesky burnt areas. Ensure thorough drying and apply a light coat of oil to shield against rust. Remember, dishwashers…

The Economic Times · Aug 19

Israel's military to investigate Gaza attacks, and other major developments in the Middle East

The Israeli military plans a criminal investigation into the killings of a 5-year-old girl and her family, as well as 15 paramedics in Gaza

The Independent UK · Aug 19

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Stocks Mixed on Lower Bond Yields and Chip Stock Weakness

The S&P 500 Index ($SPX ) (SPY ) is up by +0.33% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.33%. E-mini S&P futures (ESU26 ) are up +0.31%, and September E-mini...

Barchart · Aug 19

Venezuelan Crude Is Quietly Cushioning U.S. Gas Prices as the Iran War Drags On

Chevron's expanded access to Venezuelan crude is easing U.S. gas prices during the Iran war, even as Venezuelan migrants face separate deportation risk.

Latin Times · Aug 19

Cotton Back to Rally Mode on Wednesday Morning

Cotton is trading with Wednesday morning gains of 80 to 131 points. Futures posted mixed trade on the Tuesday session, with contracts down 35 points to as much as 25 points higher at the close. Crude oil was up $0.6477 with the US dollar index $0.011 higher. Crop Progress data...

Barchart · Aug 19

Oil pain pins India bonds in range; RBI minutes to give next cue

Indian government bonds showed little movement on Wednesday, trading in a tight range. The increase in oil prices countered support drawn from softer U.S. Treasury yields, which affected trader sentiment. Market participants are now looking ahead to the impending policy minutes from the U.S. and Indian central banks for insights…

The Economic Times · Aug 19

School Assembly News Headlines, August 20, 2026: Top national, international, business, sports updates and thought of the day

School Assembly News Headlines: Lok Sabha Speaker Om Birla has appointed new members to the influential parliamentary panel. Meanwhile, Bangladesh is pushing for quicker business visas and more equitable economic relations with India. Amid ongoing oil supply uncertainties, Indian and US fuel exporters are enjoying significant gains. In sports, KL…

The Economic Times · Aug 19

Iran 'Partially Lost Control' on Strait of Hormuz as US Navy Gains Upper Hand, Analysts Say—'They Were Never Completely in Control'

The U.S. is gaining control over the Strait of Hormuz, a critical waterway, while Iran’s influence over the region is diminishing, according to analysts.

Benzinga · Aug 19

Current price of oil as of Aug. 19, 2026

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

Fortune · Aug 19

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Benzinga · Aug 19

Ross Gerber Rips Trump as Oil Soars: Iran Knows He Has ‘No Support’ Ahead of Midterms

Investor Ross Gerber criticized President Donald Trump on Tuesday over the Iran war, arguing that rising oil prices and borrowing costs could deepen political pressure on the administration as the conflict drags on.

The Economic Times · Aug 19

Indian, US fuel exporters reaping bonanza amid oil supply uncertainty due to wars

India and U.S. oil refiners are benefiting from global fuel supply disruptions caused by wars in Iran and Ukraine, boosting refined fuel exports and margins. India is emerging as Asia’s swing supplier as Middle Eastern and Russian supplies tighten, while U.S. refiners expand diesel and jet fuel exports. Strong demand,…

The Economic Times · Aug 19

India's July crude oil imports rise over 9% month-on-month

India crude imports: On an annual basis, crude oil imports were up 13%, from 18.89 million tons in July last ‌year, data ⁠from ⁠the Petroleum Planning and Analysis Cell showed.

The Economic Times · Aug 19

Rupee hits three-week low, traders wary about fall to 96/USD as RBI stands guard

On Wednesday, the Indian rupee hit its lowest point since late July, primarily due to high oil prices and sustained demand for the dollar. Despite this, the Reserve Bank of India's interventions helped to temper the rupee's fall. The escalating crude oil costs have contributed negatively to its value, as…

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The Economic Times · Aug 19

Oil India vs ONGC vs OMCs: What JM Financial’s $80 Brent call means for oil stocks

Brent crude may stay near eighty dollars a barrel for twelve months. Analysts favor Oil India and ONGC due to expected earnings growth. Oil India's refinery capacity expansion will drive future output increases. Oil marketing companies face pressure from lower integrated gross margins. Valuation and earnings concerns persist for HPCL,…

The Economic Times · Aug 19

Global Market: Eurozone bond rout loses steam, but rising oil prices keep investors wary

On Wednesday, yields on Eurozone government bonds saw a slight decline as the U.S. Treasury markets regained stability. However, high oil prices are ongoing concerns, heightening inflation and borrowing apprehensions for governments. The recent selloff predominantly affected longer-dated bonds, while the gap between French and German bond yields has widened…

The Independent UK · Aug 19

Zelenskyy's office is probed for corruption as fired defense minister demands elections

Ukrainian anti-corruption agencies are investigating senior officials in President Zelenskyy's office

The Guardian - UK · Aug 19

Labour ‘could lose up to 50 seats’ to Greens if new drilling in North Sea approved

Greens say analysis shows government failure to take bold climate action could lead to big gains for party at election

The Economic Times · Aug 19

Iran says it controls Hormuz, but the ships tell a different story

Shipping data indicates most vessels now use the Omani route through the Strait of Hormuz. This route is a UN-authorized channel which Iran opposes. Iran claims control and has attacked ships, yet traffic continues. Tankers are switching off transponders to evade Iranian attacks. Oman and Iran are discussing freedom of…

The Guardian - UK · Aug 19

‘We now live without this violence’: the Colombian farmers giving up coca for palm oil

Subsidies and a crackdown on armed groups are helping smallholders rebuild their lives, leaving behind decades of conflict and fear

The Independent UK · Aug 19

Trump Truth Social AI post hints at future of Keystone XL oil pipeline

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