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The Latest Breaking News from Oil

How EVs could be part of answer to UK’s fuel reserve worries

More use of two-way charging will earn money for owners and could avoid the need to expand North Sea oil drilling

The Guardian - UK

‘Dangerously moreish’: the best supermarket Easter eggs, tasted and rated

With an egg-cellent roster on offer, which chocolate treats are the most moreish and which aren’t worth shelling out on?

The Guardian - UK

Gold Price Gains: Bullion Rises To $4,550 Despite Turkey's 60-Ton Sell-Off Shock

Gold prices have clawed back above $4,500 an ounce, heading for their first weekly gain since the Iran war began, even as Turkey's central bank dumped 60 tonnes of bullion.

International Business Times UK

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Oil Price Update: Brent Crude Hits $107.81 Per Barrel Following $2 Daily Gain

Brent crude climbed to $107.81 per barrel on Thursday, extending a steep month-long rally that is reviving concerns about inflation and fuel costs.

International Business Times UK

Trump’s ‘God Squad’ pits energy vs. endangered species, but it’s a false choice – protecting wildlife can be good for business

There’s a well-worn debate in U.S. politics that goes something like this: Would you rather have abundant and affordable energy or a clean, healthy planet where wildlife can flourish?

The Conversation

I Bought a House With Solar Panels. What Do I Do With Them Now?

The $20 utility bills are definitely a "pro."

Kiplinger

Thailand strikes deal with Iran for safe oil passage through Strait of Hormuz, PM says

Development would alleviate concerns over fuel imports, Thai PM says

The Independent UK

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Iran's Hormuz toll booth points toward an L-shaped price plateau, not the V-shaped recovery traders want

True market clarity will emerge only when we shift our focus from fleeting financial reactions to the physical engineering realities that power the globe.

Fortune

One month of Iran war: Tehran's defiance turns Trump's regime-change dream into nightmare

On February 28, what began as Donald Trump’s “dream” project to topple Iran’s regime under Ali Khamenei now appears to have shifted into a pressing push for a “deal”, a term the US president frequently invokes, aimed at reopening the vital oil chokepoint, the Strait of Hormuz.

The Times of India

Yemen's Houthis say they carried out their first military operation targeting Israel 'successfully'

Yemen’s Iran-backed Houthi rebels say they launched their first military operation targeting Israeli military positions in support of Iranian and Hezbollah resistance efforts. The group said its attacks will continue until Israel halts its military offensives on all fronts.

Euronews

An uneasy mix of celebration and anxiety dominates the ‘Davos of energy’ as the month-long Iran war further disrupts the global economy

The longer the Iran war lasts the more long-term demand destruction, inflation, and a global recession take hold.

Fortune

Hundreds of North Sea licences granted by Tories ‘produce only 36 days of gas’

Exclusive: Findings cast doubt on claims new drilling would help cut bills and boost energy security, researchers say

The Guardian - UK

Africa is hurting again from a global crisis it had no part in starting

The Independent UK

Oil, energy and food: Which countries in Europe are most exposed to higher food prices?

The crisis in the Middle East is driving up oil prices, affecting both energy and food costs. Experts agree that the Iran crisis will significantly impact food prices in Europe.

Euronews

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news in one place.

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MyLifeXP

G7 Shock: Global South Sends Urgent Message

While headlines are filled with wars and political tensions, a deeper and more dangerous crisis is quietly building beneath the surface. At the recent G7 meeting, S. Jaishankar delivered a warning that went beyond geopolitics. He didn’t talk about weapons or borders. He spoke about something far closer to home…

The Times of India

Watch: US President calls it ‘Strait of Trump,’ then says it wasn’t an accident

US president Trump playfully referred to the Strait of Hormuz as the "Strait of Trump" during a Miami speech, drawing laughter. The comment comes amid heightened tensions over the critical oil shipping route, which Iran has the ability to disrupt. Trump's remarks align with his history of branding and a…

The Independent UK

10 US service members injured in Iranian attack on Saudi base

Iran's ambassador to the UN confirmed the nation would "facilitate and expedite" such movement

Barchart

Cotton Rallies on Friday

Cotton futures posted gains of 3 to 45 points on Friday, with a weekly gain of 215 points for May. The US dollar index was $0.337 higher at $100.045. Crude oil saw some late session buying up $6.68 on the day to $101.16. Export Sales data now has the 9.556...

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news in one place.

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Latin Times

Cuba Reportedly Asked Pope Leo To Convince The Trump Admin To Ease its Oil Embargo

Cuban officials have asked Pope Leo XIV to mediate between them and the United States to ease the oil blockade that has the island on the brink of collapse, according to a new report.

Barchart

Stocks Settle Sharply Lower on Fears Iran War is Escalating

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.93%. June E-mini S&P futures (ESM26 ) fell -1.80%, and June E-mini Nasdaq futures...

International Business Times UK

'Forget That' — Trump Dismisses His Own Cabinet's Gas Price Briefing to Press for a Venezuelan Statue

During a Cabinet meeting focused on rising fuel costs, Trump diverted attention with a remark about a potential statue in Venezuela, sparking mixed reactions.

The Independent UK

Rubio makes bold claim on when Iran war will end: ‘Weeks, not months’

US Secretary of State Marco Rubio has suggested a potential de-escalation of the Iran war, saying it would last "weeks, not months". He also noted Iran's willingness to discuss "certain things". However, Mr Rubio's comments contradict reports from the Wall Street Journal that Donald Trump is considering deploying an additional…

Barchart

Dollar Advances as Iran War Rages

The dollar index (DXY00 ) rose to a 1-week high on Friday and finished up by +0.27%. The dollar moved higher on Friday as the risk of a protracted Iran war boosts safe-haven demand for the dollar. Also, Friday's +5% rally in crude oil prices is pushing inflation expectations higher,...

The Independent UK

As fuel prices rise, US lawmakers push to suspend the federal gas tax

As gas prices approach $4 a gallon nationally amid the conflict in Iran, some lawmakers are pushing to suspend the federal gasoline tax

Barchart

Crude Oil Surges on Fears of Iran War Escalation

May WTI crude oil (CLK26 ) on Friday closed up +5.16 (+5.46%), and May RBOB gasoline (RBK26 ) closed up +0.1070 (+3.47%). Crude oil and gasoline prices rallied sharply on Friday on concerns about a protracted war with Iran. Crude prices also rose amid concerns that reduced Russian crude exports...

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