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The Latest Breaking News from Oil

Breaking Live 4 publishers covering this story in the last 6 hours

16m ago Houthis Claim Strikes on Saudi Aramco Oil Refinery After Coalition Airstrikes Reportedly Kill 16
2h ago U.S. Airfares Are Up 22% and Still Rising: Why Holiday Travel Will Cost a Lot More in 2026
2h ago Yemen's Houthi rebels claim new attacks on oil facilities and airports across Saudi Arabia
5h ago SNP demand Labour rule out using North Sea wealth for English nuclear power

Current price of oil as of Aug. 13, 2026

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

Fortune · Aug 13

Diamondback Energy Stock Outlook: Is Wall Street Bullish or Bearish?

Diamondback Energy has significantly outperformed the broader market, while analysts remain strongly optimistic about its growth prospects.

Barchart · Aug 13

Global Market: European stocks gain as lower oil prices offer relief amid Middle East tensions

European shares edged higher as easing oil prices offered some relief, though stalled US-Iran peace efforts and Strait of Hormuz disruptions capped gains. The STOXX 600 rose 0.2%, while the FTSE 100 slipped 0.3% despite stronger-than-expected UK economic growth.

The Economic Times · Aug 13

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India Inc revenues jump 22% in June quarter, ICRA says

Corporate India began fiscal year twenty twenty-seven with strong revenue growth. Aggregate revenues for listed companies rose twenty-two percent year-on-year in the June quarter. Profitability remained under pressure, with operating profit margins declining significantly. Excluding the oil sector, performance was considerably stronger with healthy profit growth.

The Economic Times · Aug 13

Q1 earnings show resilience as demand, cost headwinds prove less severe than expected: ICRA

ICRA said India Inc’s Q1 FY27 earnings began on a stronger-than-expected note, with revenue growth accelerating to 22%. Despite margin pressure from higher commodity costs and weakness in oil refining and IT services, consumption-led sectors remained resilient. Healthy corporate balance sheets, rising capex and improving credit metrics offer support.

The Economic Times · Aug 13

India bonds consolidate as traders seek fresh cues

Indian government bonds showed minor fluctuations as market participants remained cautious, looking for new cues. Meanwhile, oil prices settled amidst ongoing concerns over a possible peace deal between the U.S. and Iran. Investors seemed unfazed by recent inflation statistics from both the domestic scene and the U.S., which reinforced the…

The Economic Times · Aug 13

Iran Slams Hormuz Stakeholders Over Oil Pollution as IEA Warns of 4% Global Supply Drop: ‘Who Bears Responsibility…’

Iran’s Ministry of Foreign Affairs spokesperson, Esmaeil Baqaei, has expressed concerns over the environmental degradation in the Strait of Hormuz amid the recent oil spill in the region

Benzinga · Aug 13

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Euro zone bonds little changed as oil prices steady

Euro zone bond yields showed little movement on Thursday, coinciding with steady oil prices. Recent U.S. inflation data has lessened the market's anticipation of a Federal Reserve rate increase in the upcoming month. With energy dialogues taking place and the potential reopening of the Strait of Hormuz, investors are on…

The Economic Times · Aug 13

Analyst Says US Gas Prices Hit ‘Highest Ever Level’ This Late in Year: ‘Never Been Above…’

U.S. gasoline prices have crossed a threshold never seen this late in the year, according to GasBuddy analyst Patrick De Haan, as tensions with Iran continue to roil energy markets.

Benzinga · Aug 13

US says more oil is leaving Middle East. Is it really?

US Energy Secretary Chris Wright claims nearly nine million barrels daily leave the Strait of Hormuz. Vessel tracking services, however, report volumes closer to half this amount. Total Middle East crude exports remain below pre-conflict levels, according to tracking data.

The Economic Times · Aug 13

RBI turns upbeat as worst of Iran war shock recedes

India’s economy is showing resilience five months after the Iran war sparked fears of inflation and a downturn. Inflation remains within the RBI’s tolerance band, while vehicle sales, credit growth and GST receipts point to firm demand. Strong corporate balance sheets and festive-season spending are further bolstering optimism despite renewed…

The Economic Times · Aug 13

Oman says oil spill from grounded tanker has reached its coastline

Crude oil from a grounded tanker has reached Omani mainland beaches. The sanctioned vessel, Caroline Bezengi, is leaking nearly one million barrels. Contamination has spread north of Qabiliyah Island, endangering a marine protected area. Southern coasts of Masirah Island may also be affected soon. Satellite images show the spill covers…

The Economic Times · Aug 13

Iran calls for environmental safeguards for Strait of Hormuz amid oil pollution along Qeshm Island coast

Iran's foreign ministry spokesperson highlighted environmental concerns regarding oil pollution. Recent pollution along Qeshm Island shores points to a foreign bulk carrier. Iran demands compensation for extensive environmental damage over decades. The Strait of Hormuz will remain closed until US conditions are met. Commercial shipping continues under tight security amid…

The Economic Times · Aug 13

The Philippines needs ‘power of all sorts’ to build energy security following a nationwide crisis, says Prime Infra CEO Guillaume Lucci

“What we need is more energy of all sorts, not only more renewable energy,” Lucci tells Fortune at the firm’s headquarters in Pasay City, Manila.

Fortune · Aug 13

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Euronews · Aug 13

Oil spill from tanker believed to be Russian reaches Oman's coastline, Muscat authorities say

The beaches of Ras Madrakah on mainland Oman, around 200 kilometres north of Qabiliyah Island, have also been contaminated, according to Oman's Environment Authority, which has been keeping an eye on the leak.

The Economic Times · Aug 13

CAS chaos continues: Sensex rises 114 points, but Nifty closes below 24,400. What lies ahead?

Indian benchmark indices ended mixed on expiry day, with the Sensex gaining 114 points while the Nifty slipped over 40 points. Broader markets advanced, while metal stocks declined and FMCG and realty gained. Analysts said softer inflation supported sentiment, but elevated crude prices and geopolitical risks remained key market overhangs.

The Economic Times · Aug 13

Oil Price Today (August 13): Crude oil dips below $90 despite Strait of Hormuz deadlock. Here’s why

The Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its monthly oil market report released on Wednesday. The International Energy Agency also lowered its outlook on Wednesday, saying it now expects oil consumption to contract by 1.6…

Times Life · Aug 13

Eid Makeup for Indian Skin: How to Build a Dewy Glow Finish That Lasts All Day

Start With Skin, Not FoundationThe biggest mistake in Eid makeup is reaching for foundation before the skin underneath is ready. A dewy finish is a skin finish, it comes from what you put on before any makeup, not from the product itself. Begin with a hydrating toner, something with hyaluronic…

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The Economic Times · Aug 13

Oil drops on lower demand forecasts despite deadlock in US-Iran talks

Oil prices dipped as demand forecasts for 2026 were lowered due to the U.S.-Israeli war on Iran. Despite supply concerns from the conflict, a surprise build in U.S. crude inventories and stalled talks with Iran are impacting the market, with shipping risks in key straits adding to volatility.

Times Life · Aug 13

6 Foods That Protect Your Gallbladder, All Already Sitting in Your Indian Kitchen

TurmericCurcumin, the active compound in turmeric, directly stimulates bile production and improves bile flow from the gallbladder into the small intestine. A 2002 study published in the journal Alimentary Pharmacology and Therapeutics found that curcumin caused significant gallbladder contraction in healthy volunteers, reducing the stasis that allows cholesterol to crystallise…

The Economic Times · Aug 13

Global Market Today: Asian stocks rise as rate hike bets ease, oil dips

Asian equities rallied as easing inflation in the United States reduced fears surrounding interest rate hikes. The MSCI Asia Pacific Index reflected this positive sentiment, following the upward trajectory of US markets. Meanwhile, Brent crude oil prices declined, breaking a recent climbing streak. Market participants are particularly focused on the…

The Economic Times · Aug 13

Stocks in news: UltraTech Cement, Tata Motors PV, Axis Bank, Apollo Hospitals and Ircon

Indian equity markets saw a decline on Wednesday, influenced by Middle East tensions and rising oil prices. Several companies will be in focus today due to corporate developments and first-quarter earnings reports. UltraTech Cement shares are set for a block deal, while Apollo Hospitals reported strong profit growth. Lenskart Solutions…

The Economic Times · Aug 13

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

Indian stock indices closed in the red on August 12, reflecting growing unease in the market. The Nifty 50 lost 35.75 points, closing at 24,435.95. The increase in crude oil costs dampened investor confidence, prompting foreign portfolio investors to offload shares worth Rs 1,002.50 crore. Meanwhile, the Indian rupee remained…

France 24 · Aug 12

Oil spill from grounded tanker reaches Oman’s mainland beaches

Oman’s Environment Authority said Wednesday that oil leaking from a tanker grounded off the country’s coast had reached mainland beaches. The spill threatened marine habitats and a nearby protected area as strong winds and monsoon currents spread the oil, raising fears it could reach other islands.

Barchart · Aug 12

Soybeans Close Wednesday with Strength Despite Increased US Output

Soybeans posted 6 to 17 ¼ cent gains on Wednesday despite a neutral to slightly bearish USDA report. The cmdtyView national average Cash Bean price was up 14 3/4 cents at $11.41. Soymeal futures were $1.30 to 3.50 higher on the day, with Soy Oil up 15 to 64 points....

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