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The Latest Breaking News from Oil

Petrol Price Today (May 15): Check petrol price in Delhi, Mumbai, Kolkata, Hyderabad, Chennai after fuel rates hiked

Perol price today: Fuel prices surged nationwide on Friday, with petrol and diesel rates increasing by up to Rs 3 per litre. This hike, driven by global crude oil price fluctuations and supply disruptions in West Asia, pushes petrol prices over Rs 100 in several cities. State-run oil companies face…

The Economic Times

Donald Trump says China wants to buy oil, soybeans from US

President Trump announced China's intent to purchase US oil and soybeans following his meeting with Xi Jinping. Discussions also covered Visa's market access, trade deals, and regional security, including Iran and Taiwan. Trump described Xi as a direct and business-focused leader.

The Economic Times

Petrol Diesel Price Hike: Fuel prices raised by up to Rs 3/litre

Petrol Diesel Price Increase: Fuel prices have risen nationwide. Petrol and diesel rates saw an increase of up to Rs 3 per litre. In Delhi, petrol now costs Rs 97.77 and diesel Rs 90.67. This adjustment by oil marketing companies reflects global crude oil market volatility. The hike will affect…

The Economic Times

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West Asia War: Ship reported seized off UAE as Trump discusses Iran with Xi

A ship was seized by Iranian personnel near the UAE. US President Trump and Chinese President Xi Jinping agreed on keeping the Strait of Hormuz open. An Indian cargo vessel was sunk off Oman. Iran is making deals for ships to pass through the strait. Iran's Judiciary Spokesperson stated seizures…

The Economic Times

Cotton Corrects Lower on Thursday

Cotton futures saw weakness on Thursday with contracts down 175 to 287 points in the front months. The US dollar index was $0.352 higher at $98.775. Crude oil was up $1 at $102.02. A meeting between President Trump and China’s President Xi in Beijing concluded early this morning. Few details...

Barchart

Soybeans Collapse Following Little News Out of Trump/Xi Meeting

Soybeans posted 20 to 40 ¾ cent losses across most contracts on Thursday. The cmdtyView national average Cash Bean price was down 36 cents at $11.28. Soymeal futures were back down $3.90 to $6, with Soy Oil futures falling 44 to 83 points. May futures expired today. A meeting between...

Barchart

Cuba Accepts $100 Million U.S. Aid Offer As Island Runs Out Of Oil

Cuba said Thursday it will accept a $100 million humanitarian aid offer from the United States as the island faces a deepening fuel collapse, widespread blackouts, and growing public frustration in Havana.

Latin Times

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‘If you don’t help us’: Lindsey Graham delivers an ultimatum to Beijing the same night Trump is shaking hands with Xi Jinping

Someone needs to remind him that he’s not the President.

We Got This Covered

Crude Oil Prices Supported by Closure of Hormuz

June WTI crude oil (CLM26 ) on Thursday closed up +0.15 (+0.15%), and June RBOB gasoline (RBM26 ) closed down -0.0130 (-0.36%). Crude oil and gasoline prices settled mixed on Thursday. Crude prices pushed higher on Thursday as peace talks between the US and Iran remain in limbo, keeping global...

Barchart

Forget a Blowout—Demi Moore Is Bringing Wet and Wavy Mermaid Hair to the Cannes Red Carpet

Look at that shine.

Marie Claire

Is Negative Sentiment in Bonds a Reason to Buy?

Rising oil prices are lifting inflation indicators and weighing on bond prices. Sentiment in the U.S. government bond market is bearish, which could explain why the odds favor the upside.

Barchart

Trump Says Xi Offered Help To Make a Deal With Iran And 'Would Like To See The Hormuz Strait Open'

President Donald Trump said on Thursday that U.S. counterpart Xi Jinping offered him help to strike a deal with Iran and would "like to see the Hormuz Strait open" as the stalemate between the two countries continues.

International Business Times

Watchdog groups urge Senate to investigate Samuel Alito over oil stock conflicts

Groups say supreme court justice, who owns stock in oil companies, may be violating ethics codes by participating in certain cases

The Guardian - US

Iran war crisis: With long-term vision, India could turn turmoil into triumph

India confronts an economic crisis driven by global events. Import duties on gold and silver are an initial step. Policymakers warn of crunch time. The nation's reliance on imported crude oil is a key vulnerability. Capital outflows and trade disruptions are impacting the currency. The Reserve Bank of India must…

The Economic Times

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The Mary Sue

Americans are paying $4.5 a gallon for gas but Trump’s only focus is Iran’s nukes, not your wallet

Americans are shelling out $4.50 for a single gallon of gas, but the White House seems more fixated on Iran’s nuclear program than the pain at the pump. That’s the blunt takeaway after the president made it clear this week that the financial struggles of everyday people aren’t even a…

The Mary Sue

The US-Israeli war on Iran just turned Japan’s snack shelves into a graveyard of black-and-white bags, and the crisis is far from over

The U.S.–Israeli war on Iran just turned Japan’s snack shelves into a ghost town of black-and-white bags, and the crisis is showing no signs of slowing down. Bright colors are gone, replaced by stark monochrome designs. The reason? A critical ink shortage caused by the war’s chokehold on global oil…

MarketBeat

Kolibri Global Energy Q1 Earnings Call Highlights

Kolibri Global Energy (NASDAQ:KGEI) reported what management described as the strongest quarter in the company’s history for several operating and financial metrics, with President and CEO Wolf E. Regener saying first-quarter 2026 results included record quarterly production, net revenue and adjuste

Barchart

Soybeans Collapsing Following Trump/Xi Meeting

Soybeans are trading with 30 to 44 cent losses in most contracts on Thursday. The cmdtyView national average Cash Bean price is down 44 cents at $11.20. Soymeal futures are back down $7.20, with Soy Oil futures falling 108 points. There were 80 deliveries issued against May meal futures overnight,...

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Barchart

Cotton Falling on Thursday

Cotton futures are trading with losses at midday though contracts are climbing off early lows, still down 190 to 271 points. The US dollar index is $0.292 higher at $98.715. Crude oil is slipping 9 cents at $100.93 at midday. A meeting between President Trump and China’s President Xi in...

Evening Standard

FTSE 100 shrugs off political drama as oil price dips

The FTSE 100 closed up 47.58 points, 0.5%, at 10,372.93.

The Independent UK

US stock market jumps sharply today with Dow hitting 50,000 for first time since Iran war

Questions do persist regarding the sustainability of U.S. consumer spending, given rising oil prices and inflation exacerbated by the Iran war

MarketBeat

Epsilon Energy Q1 Earnings Call Highlights

Epsilon Energy (NASDAQ:EPSN) said it remains on track with its 2026 development plan after a first quarter marked by stronger gas pricing, a full-quarter contribution from newly acquired Powder River Basin assets and continued investment in oil-weighted projects. Chief Executive Officer Jason Stabe

Euronews

Ex-defence minister admits Latvia faces security 'questions' but no silver bullet to stop drones

Latvia faces political turmoil after its prime minister resigned and the defence minister stood down, raising concerns about the country’s readiness to counter potential Russian aggression on Europe’s frontline.

MarketBeat

The Great SPR Arbitrage: An Oil Market Glitch Fuels Sector Gains

A historic market dislocation is creating an arbitrage window for refiners Valero Energy and Marathon Petroleum and integrated energy firm ExxonMobil.

Barchart

Crude Oil Prices Slip on Dollar Strength

June WTI crude oil (CLM26 ) today is down -0.19 (-0.19%), and June RBOB gasoline (RBM26 ) is down -0.0534 (-1.48%). Crude oil and gasoline prices are under pressure today from a rally in the dollar index ($DXY ) to a 2-week high. Also, signs that OPEC+ may boost its...

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