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The Latest Breaking News from Oil

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

38m ago Exxon Spill’s Orca Toll: AT1 killer whale group collapses; recovery now deemed unlikely
1h ago Inside SNP as former MPs say John Swinney 'bowing to Westminster' on Jackdaw
1h ago Sri Lanka seeks faster green energy shift after oil shocks
2h ago Nifty bears tighten grip as crude, geopolitical risks, FII outflows mount: 5 factors to decide D-Street’s fate next week
3h ago Kojagari Lokkhi Pujo: Bengal's Quiet Full Moon After Durga Puja

Occidental Petroleum Stock Outlook: Is Wall Street Bullish or Bearish?

Despite Occidental Petroleum's outperformance relative to the S&P 500 Index over the past year, Wall Street analysts remain cautiously optimistic about the stock’s prospects.

Barchart · Jul 31

Clashes Between The U.S. And Iran Continue Around The Strait Of Hormuz. Oil Is Climbing Again

Oil is climbing on Friday as hostilities between the U.S. and Iran continue.

International Business Times · Jul 31

House Committee Investigates Fate of $13 Billion in Venezuelan Oil Revenue

An executive order signed by Trump states that the oil revenues remain the sovereign property of Venezuela and are held by the United States in a custodial capacity

Latin Times · Jul 31

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Cotton Extending Rally to Friday Morning

Cotton price action is up another 89 to 125 points across most contracts on Thursday. Futures were 81 to 139 points in the green at Thursday’s close. Crude oil was back down just 50 cents per barrel, with the US dollar index falling 0.914. Export Sales data showed 29,719 RB...

Barchart · Jul 31

Exxon Mobil Misses Profit Mark After Refinery Maintenance Blunts Oil Price Windfall

Exxon Mobil Corp. (NYSE:XOM) stock edged lower in Friday’s premarket session after the oil major reported mixed second-quarter results, with revenue topping Wall Street estimates.

Benzinga · Jul 31

India bonds log first monthly loss in four as surging oil, Treasury yields sting

In July, Indian government bonds faced their first monthly loss after a four-month streak of gains. The surge in oil prices and rising U.S. Treasury yields led to a drop in bond prices, prompting foreign investors to sell off their holdings as the month concluded. Attention now shifts to the…

The Economic Times · Jul 31

Swinney urges Burnham to scrap windfall tax after BP announcement

BP announced it had put its North Sea operations up for sale on Friday.

Evening Standard · Jul 31

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John Swinney says UK windfall tax 'hurting Scotland' amid BP sell-off

JOHN Swinney has called on the Labour UK Government to ditch the Energy Profits Levy that is "hurting Scotland" after BP announced it…

The National (Scotland) · Jul 31

Union Cabinet approves Samudra Manthan scheme, Rs 84,084 crore push for deepwater oil and gas exploration

The Union Cabinet has approved the Samudra Manthan mission with a financial outlay of Rs 84,084 crore, aimed at boosting deepwater and ultra-deepwater oil and gas exploration in India.

The Economic Times · Jul 31

Current price of oil as of July 31, 2026

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

Fortune · Jul 31

Rupee posts strongest week since March on RBI support

The Indian rupee finished Friday on a strong note, marking its most significant weekly increase since March, thanks to continuous support from the central bank amidst a weakening dollar. Heightened tensions in the Middle East have driven oil prices upward, influencing the rupee's monthly trends. Likewise, India's IT sector demonstrated…

The Economic Times · Jul 31

Robert Reich Says Americans Are 'Getting Charged Twice' as Trump's Iran War Raises Gas Prices, Boosts Big Oil Profits

Economist Robert Reich says the ongoing Iran war, which has induced sharp hikes in gas prices across the U.S., has handed a boost to the oil industry’s profits, slamming President Donald Trump‘s pro-oil stance.

Benzinga · Jul 31

Not to Brag, But I’ve Perfected My Fine Hair Routine for Summer to Boost Volume and Minimize Frizz

Summer weather, you've met your match.

Marie Claire · Jul 31

Petrol prices set to surge to new high since Iran war began

IN FULL

The Independent UK · Jul 31

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Evening Standard · Jul 31

SNP calls for ‘decisive action’ as BP reveals plan to sell North Sea operations

The energy giant has said its North Sea operations would be ‘better positioned as part of another company’.

The National (Scotland) · Jul 31

Climate experts react to Andy Burnham's North Sea oil plan

Climate experts have reacted to Andy Burnham's pledge to take a 'pragmatic' approach to drilling in the North Sea

The Economic Times · Jul 31

Global Market: European shares hit record high as tech rally, earnings lift sentiment

European shares hit a record high on Friday as a rally in technology stocks, easing crude oil prices and upbeat corporate earnings lifted investor sentiment, helping the STOXX 600 extend its winning streak despite recent central bank decisions and geopolitical tensions.

The Economic Times · Jul 31

Euro zone inflation ticks up in July, bolstering rate hike case

Euro zone inflation increased to 2.9% in July, driven by higher oil prices. Underlying inflation also accelerated, indicating broader price pressures are building. The European Central Bank is signaling another interest rate hike is likely soon. Economic growth remains robust, easing concerns about the impact of rate increases. Financial markets…

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The Economic Times · Jul 31

Indian Oil to hire dedicated vessel to ferry LPG cylinders from Sri Vijaya Puram to all islands

Indian Oil Corporation Limited plans a dedicated vessel for LPG supply. This initiative aims to ensure uninterrupted cylinder delivery across remote islands. A five-year contract for transportation is now being sought. The estimated value of this tender stands at Rs 58.90 crore. This will significantly improve essential commodity supply chains…

Euronews · Jul 31

British oil giant BP prepares to sell North Sea business

Amid higher windfall taxes and volatile global energy markets, BP's proposed sale could bring an end to around 60 years of North Sea production under the British energy giant’s ownership.

Benzinga · Jul 31

Trump's Iran War Support Collapses to 28% as GOP Voters Turn Sour Over Rising Gas Prices, Lack of Transparency: 'Buried Into This Mess...'

Two-thirds of Americans say President Donald Trump’s war with Iran has not been worth fighting, while approval of his handling of the conflict has fallen to 28%, according to a new AP-NORC poll.

The Economic Times · Jul 31

By how much will E20 petrol reduce your car's mileage? One ministry says one thing, another says another

The Road ministry said E20 petrol might hit your mileage by 2-6%, based on a study by ARAI, SIAM, and Indian Oil Corporation. The statement sparked a buzz because just a few days earlier, Petroleum ministry had given a different figure.

The Guardian - UK · Jul 31

BP puts North Sea oil and gas business up for sale

Move will end six decades of production in area, as new CEO tries to simplify company and cut debt

The Guardian - UK · Jul 31

FTSE 100 on track for best month since first US attacks on Iran five months ago – as it happened

Live, rolling coverage as London’s biggest companies defy Middle East disruption and UK petrol prices rise to around £1.60 per litre, the highest since Donald Trump ordered renewed strikes

The National (Scotland) · Jul 31

Major oil giant puts North Sea operation up for sale in potential £2 billion move

Oil giant BP has said it is putting its UK North Sea business up for sale after 60 years of production

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