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The Latest Breaking News from Oil

US inflation tops 4% for first time in three years, keeping Fed hike in play

US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve's interest rate hike plans on the table for September. Despite this, consumer spending surged, bolstered by tax refunds and a stock market rally. Business investment in equipment also rebounded, particularly in AI-related technology, offering…

The Economic Times

Court orders TotalEnergies to account for clients' emissions

PARIS — A French court ordered oil and gas giant TotalEnergies on Thursday to account for the emissions from the use of its products by clients, in a high-stakes climate case brought by non-governmental organisations (NGOs) and the city of Paris.

Bangkok Post

Paris court gives oil giant TotalEnergies deadline to tighten climate policies

A court in Paris ruled on Thursday that energy giant TotalEnergies must account for its consumers’ greenhouse gas emissions, giving the French company six months to adjust a legally mandated risk assessment.

Radio France Internationale

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Stocks Erase Early Gain as Megacap Tech Stocks Retreat

The S&P 500 Index ($SPX ) (SPY ) today is down -0.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.20%. September E-mini S&P futures (ESU26 ) are down -0.30%, and September E-mini Nasdaq futures...

Barchart

The Iran war is accelerating the EV transition faster than any climate policy ever did—but it's still just not that much

Goldman Sachs put a percentage on the EV adoption "surge" after the Iran War: 3.4%.

Fortune

40 under-the-radar deals on Amazon you don't want to miss

The Mic shopping editors dug deep through the Prime Day discounts to find the ones that you probably missed, until now (and you’ll be so glad you didn’t).

Mic

6 Signs Your Hair Is Actually Healthy and You Don't Even Know It

For years, beauty culture created a very specific image of what “healthy hair” supposedly looks like. Perfectly smooth strands. No frizz. Endless shine. Hair moving dramatically in slow motion like it just signed a luxury shampoo contract. But real hair does not behave like edited content online. Lighting, filters, extensions,…

MyLifeXP

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Iraq Reportedly Considering Leaving OPEC If Quotas Are Not Raised After Iran War

Iraq is considering leaving OPEC if production quotas are not raised, according to a new report.

International Business Times

Oil falls to pre-war levels, no change in petrol and diesel prices in India

Global crude oil prices have fallen to their lowest levels since before the Iran conflict, with Brent slipping to around USD 72–73 per barrel and US crude below USD 70, effectively reversing the earlier geopolitical risk premium. Despite the global correction, petrol and diesel prices in India have not yet…

The Economic Times

Crude shipments through Hormuz at highest since war amid concerns over Iran exit demands

Crude shipments through the Strait of Hormuz have surged following a ceasefire deal, reaching their highest levels since the conflict began. While demand, particularly in Asia, is driving this increase, overall traffic remains a fraction of pre-war levels. Concerns persist about the waterway's long-term stability, even as a UN evacuation…

The Economic Times

Current price of oil as of June 25, 2026

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

Fortune

Oil falls to pre-war levels on rising Middle East supply

Oil prices have dropped to pre-Iran war levels as increased Middle Eastern supply overshadows demand worries. Flows through the Strait of Hormuz are nearing normalcy, boosting confidence despite ongoing demining efforts. Meanwhile, Iraq is contemplating leaving OPEC due to quota concerns, and Ukraine has targeted Russian oil facilities. These developments…

The Economic Times

Chevron CFO Says 'It's Going To Take Time' For Gas Prices To Go Down Despite Oil Plunging

Chevron CFO Eimear Bonner said "it's going to take time" for gas prices to go down despite the plunge of oil, following criticism of President Donald Trump.

International Business Times

‘Act on the evidence outside the window’: Andy Burnham urged to stick to net zero targets if he becomes PM

Burnham is coming under pressure from some to ditch net zero targets but this could be highly damaging on many levels

The Guardian - UK

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Barchart

Cotton Showing Early Thursday Gains

Cotton prices are up 80 to 90 point on Thursday morning. Futures posted midweek losses of 187 to 247 points across the front months on Wednesday. Crude oil was down another $3.34/bbl to $69.87. The US dollar index was another $0.147 higher at $101.320. The Seam reported 88 bales sold...

The Economic Times

Oil slide powers India's stock benchmarks to longest weekly winning run 7 months

Indian stock markets achieved their longest winning streak in seven months, with the Nifty 50 and BSE Sensex closing higher. Falling crude oil prices and measures to boost the rupee and attract foreign investment bolstered investor confidence. The Reserve Bank of India's stance against near-term rate hikes also supported sentiment,…

MyLifeXP

How Modern Car Technology Is Changing the Driving Experience

The driving experience has changed dramatically over the past decade. Cars have evolved from simple transportation tools into sophisticated machines equipped with advanced technologies that enhance nearly every aspect of a journey. Features that were once found only in luxury vehicles are now becoming standard in many everyday cars. Whether…

Bangkok Post

Thousands feared dead after Venezuela quakes

CARACAS - Thousands of Venezuelans were feared dead on Thursday after two powerful earthquakes wreaked havoc in and around the capital Caracas, trapping people beneath the rubble of collapsed buildings and setting ‌off powerful aftershocks.

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Evening Standard

There is ‘some way to go’ before fuel prices return to pre-Iran oil crisis level

The AA said the average cost of a litre of petrol and diesel at UK forecourts is 152.9p and 170.5p respectively.

The Independent UK

Fuel price warning as hopes dashed of cheaper petrol despite oil costs tumbling

UK drivers told there is ‘some way to go’ before fuel prices align with oil costs returning to pre-Iran war levels

The Guardian - UK

Ice, ice, baby: four fab frozen desserts, from fruit splits to semifreddos

Beat the heat with pistachio sammies, fruit lollies, mint chocolate semifreddo and green-tea ice-box cake

Barchart

Stocks Rally Before the Open on Upbeat Micron Earnings, U.S. PCE Inflation Data in Focus

September S&P 500 E-Mini futures (ESU26) are up +0.78%, and September Nasdaq 100 E-Mini futures (NQU26) are up +2.15% this morning as upbeat quarterly results and guidance from memory chipmaker Micron Technology boosted sentiment.

The Economic Times

Rupee ends a tad higher as oil slide, foreign inflows lift sentiment

The Indian rupee experienced a slight boost this week, driven by declining oil prices and the prospect of increased foreign investment. Although initial gains were curtailed due to importer demand, the currency received support as short-seller positions diminished. Investors are keenly awaiting US inflation figures, as these may impact future…

The Economic Times

ONGC, bp sign technical services contract to boost production from Western Offshore Basin

ONGC and bp have inked a deal to boost oil and gas output from the Western Offshore Basin. This partnership leverages bp's global expertise to enhance production from India's most prolific hydrocarbon region. The agreement aims to curb production decline, improve recovery rates, and strengthen the nation's energy security, building…

Euronews

Macron says France intercepted a Russian shadow fleet oil tanker off coast of Sicily

It comes after the UK announced earlier this month that it had intercepted and boarded the Russian shadow fleet tanker "Smyrtos" in the English Channel.

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