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The Latest Breaking News from Oil

BP facing tense clash over climate transparency and shareholder rights at AGM

The oil major could face investor dissent on several fronts during the meeting at its Sunbury-on-Thames hub in Surrey.

Evening Standard

Urgent action on oil and gas decommissioning could create 25,000 jobs – report

Redwater Insights said 500 North Sea oil and gas wells are already overdue for decommissioning, and a further 1,700 are due to be plugged.

Evening Standard

Scenting Experts Agree That This $10 Fragrance Oil Makes Your Home Smell Like the Ritz-Carlton

Fig is a fresh and sunny scent that's perfect for spring and beloved by the iconic hotel

Homes & Gardens

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read the most diverse news in one place.

Cotton Falls Back on Wednesday

Cotton futures were under pressure on Wednesday, with contracts falling back 135 to 225 points across the front months. The US dollar index was 0.209 higher at $98.430. Crude oil was up another $3.20 to $92.87. The Seam showed 905 bales sold on April 21 at an average of 74.69...

Barchart

Soybeans Fall Lower on Wednesday with Product Pressure

Soybeans rounded out the Wednesday session with contract slipping into the close, down 4 to 11 ¼ cents on the day. The cmdtyView national average Cash Bean price was down 9 1/2 cents at $11.01 1/4. Soymeal futures were down $2.90 to $4.90 on the day, with Soy Oil futures...

Barchart

Stocks Settle Higher as Nasdaq Posts a Record High on Tech Strength

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +1.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.69%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.73%. June E-mini S&P futures (ESM26 ) rose +0.99%, and June E-mini Nasdaq futures...

Barchart

Airline company Lufthansa cuts 20,000 flights as war squeezes fuel prices and supplies

The German company that owns Lufthansa Airlines and other European carriers says it plans to cut 20,000 short-haul flights through October as the Iran war drives up oil prices and deepens worries that some countries may run low on jet fuel

The Independent UK

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How Wall Street is setting records even with the Iran war still going on

It seems so illogical

The Independent UK

The Strait of Hormuz chaos is just a ‘dry run’ for if war breaks out between the U.S. and China, Singapore foreign minister says

Vivian Balakrishnan said Singapore has a unique balancing act between prioritizing its own needs and maintaining close ties with both countries, even as tensions mount.

Fortune

Hoarding Fuels Global Energy Spike as Iran War Disrupts Supply Chains: Report

The global surge in energy prices is no longer driven solely by Iran war-related supply disruptions. Now hoarding behavior internationally is also playing a role.

International Business Times

Crude Oil Prices Surge as Closure of Hormuz Threatens Supply Shortages

June WTI crude oil (CLM26 ) on Wednesday closed up +3.29 (+3.67%), and June RBOB gasoline (RBM26 ) closed up +0.1201 (+3.84%). Crude oil and gasoline prices rallied sharply on Wednesday, with gasoline posting a 3-week high. Energy prices surged on Wednesday as the cancellation of peace talks between the...

Barchart

More confusion looms over Strait of Hormuz after Iran attacks three ships near waterway

Confusion is deepening in the Strait of Hormuz after Iran attacked three ships near the crucial waterway that has plunged the world into an energy crisis

The Independent UK

Soaring Crude Oil Prices Support Sugar Prices

May NY world sugar #11 (SBK26 ) on Wednesday closed up +0.14 (+1.04%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +1.70 (+0.40%). Sugar prices settled higher on Wednesday, with London sugar posting a 1.5-week high. Short covering emerged in sugar futures on Wednesday as crude oil...

Barchart

10 Car Care Mistakes That Can Destroy Your Vehicle Faster Than You Think

A car can quietly rack up thousands of dollars in damage long before anything feels “wrong” behind the wheel. Small habits—skipped maintenance, ignored sounds, quick shortcuts—chip away at performance and lifespan until one day the repair bill lands with a thud. Drivers who treat their vehicles like long-term investments avoid…

Clever Dude

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news in one place.

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AAP

Australia has more fuel in tank than before Iran war

As the repercussions of the US-led war on Iran continue and a crucial oil corridor remains effectively closed, Australia has topped up its fuel supply.

Barchart

Cotton Collapsing at Wednesday’s Midday

Cotton futures are under pressure on Wednesday, with contracts falling back 170 to 230 points across the front months. The US dollar index was 0.179 higher at $98.400. Crude oil was up another $3.93 to $93.60. The Seam showed 905 bales sold on April 21 at an average of 74.69...

Barchart

Soybeans Slipping Back on Wednesday

Soybeans are trading with 4 to 5 cent losses in the front months on Wednesday’s midday. The cmdtyView national average Cash Bean price is down 4 1/4 cents at $11.06 1/2. Soymeal futures are down $1 to $2 so far on the day, with Soy Oil futures back down 42...

Latin Times

Russia Reaffirms 'Support for Sovereignty' of Cuba Amid U.S. Threats but Stops Short of Military Commitment

Foreign Minister Sergey Lavrov also pointed to ongoing assistance, including oil shipments, and said such support would continue alongside contributions from China

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news in one place.

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Barchart

Crude Oil Strength Prompts Short Covering in Sugar Futures

May NY world sugar #11 (SBK26 ) today is up +0.07 (+0.52%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.20 (+0.28%). Sugar prices are moving higher today, with London sugar posting a 1.5-week high. Short covering emerged in sugar futures today as crude oil prices (CLM26...

Evening Standard

FTSE 100 struggles as Brent oil tops 100 dollars once more

The FTSE 100 closed down 21.63 points at 10,476.46.

Barchart

3 ‘Outside’ Factors Driving Gold and Silver Prices Right Now

Let’s look at the key outside markets and their present daily price impacts on gold and silver.

The Guardian - UK

Strait of Hormuz is hosting gunboat diplomacy as US and Iran vie for most effective blockade

Iran’s goal is to maintain chokehold on the global economy, even as some say it could run out of oil storage by Sunday

International Business Times

Brent Crude Climbs Back Above $100 a Barrel As Tensions Continue At The Strait Of Hormuz

Brent crude oil has climbed back above $100 a barrel on Wednesday the Strait of Hormuz remains closed and Iran shows no signs of willingness to attend a second round of negotiations with the U.S.

Barchart

Crude Oil Prices Climb as Global Oil Supplies Disrupted

June WTI crude oil (CLM26 ) today is up +2.55 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0882 (+2.82%). Crude oil and gasoline prices are sharply higher today, with gasoline posting a 2-week high. Energy prices are rallying today as the cancellation of peace talks between the US...

LiveScience

'Iran's Maldives' could drown in oil due to spills from air strikes, satellites show

Air strikes on oil facilities and oil tankers in the Persian Gulf have unleashed what is set to become an ecological catastrophe, satellite images show.

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