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The Latest Breaking News from Oil

Logistics pressure builds across Caspian-Central Asia corridor as trade routes evolve

The Caspian-Central Asia corridor is facing growing strain as rising trade volumes outpace existing pipelines, rail and port capacity, while the Middle Corridor gains relevance as an alternative route between Asia and Europe.

Euronews

Current price of oil as of April 29, 2026

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

Fortune

US gas prices hit $4.23 high as Hormuz fears drive oil surge

Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022

The Guardian - US

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Indian government calls on people to use electricity before 5pm amid energy crisis

South Asian nation depends on imports for bulk of its oil and gas needs

The Independent UK

Best Ways to Get Rid of Acne and Prevent Breakouts Naturally: Clear Skin Tips That Work

Prevent acne naturally with clear skin tips, acne treatment habits, and daily routines to remove acne and reduce future breakouts safely.

Medical Daily

Cotton Falling Back on Wednesday

Cotton are trading with early Wednesday losses of 50 to 60 points. Futures found late strength on Tuesday, with contracts up 1 to 14 points in most front months. The US dollar index was back up $0.162 at $98.480. Crude oil was extending higher, up $3.26 to $99.63. NASS Crop...

Barchart

Deutsche Bank, Santander and UBS profits rise amid market impact from Iran war

Three of Europe’s biggest banks delivered record or above-forecast profits on Wednesday. TotalEnergies posted strong earnings, while Mercedes-Benz turned more cautious as collapsing China sales and geopolitical uncertainty weighed on the outlook.

Euronews

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UN warns of famine in South Sudan: ‘We are witnessing a deadly downward spiral’

A doctors also tells The Independent that there is no electricity at the hospital they work at because there is no fuel – and surgeons have performed caesarean sections with almost no medicines

The Independent UK

The 2026 OHS Crackdown: Why Calgary's Oil & Gas Sector Is Overhauling Safety Training

Alberta’s 2026 Occupational Health and Safety (OHS) changes are sending shockwaves through Calgary's corporate energy sector. With stricter penalties and updated mandates, top-tier oil and gas companies are realizing that reactive safety measures are no longer enough to protect their workers or their bottom lines.

inkl

The Latest: Talks to end the war in Iran stall as economies feel the impact of rising energy costs

Talks between Iran and the United States on ending the war seemed stalled Wednesday, despite U_S_ President Donald Trump earlier claiming Iran had informed his administration that it was in a “State of Collapse.”

The Independent UK

Ukraine confirms third strike on Russian oil refinery in two weeks

IN FULL

The Independent UK

Russia to hold Victory Day parade with no military hardware amid Ukraine strike fears

Annual event in Red Square to feature no armoured vehicles or missile systems for first time in two decades

The Guardian - UK

Another Russian oil facility burns after Zelenskyy touts Ukraine’s drone reach

A new long-range drone attack has reportedly set an oil facility in Russia's Perm region on fire

The Independent UK

EU backs ending new oil and gas drilling

The war in the Middle East may have driven up oil and gas demand, but the world should still ditch new fossil fuel drilling, EU climate chief Wopke Hoekstra has said, insisting on "affordable, reliable, homegrown clean energy."

Euronews

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Evening Standard

Trump warns Iran ‘no more Mr Nice Guy’ as he calls for nuclear deal

Oil prices surged on Wednesday as the US president ramped up his threats against Tehran.

Euronews

Oil prices rise despite UAE exit from OPEC as Iran war ceasefire hangs in balance

Oil markets are navigating a period of unprecedented volatility after the UAE announced its withdrawal from OPEC and the OPEC+.

Times Life

Bada Mangal 2026: Dates, Rituals & Powerful Hanuman Blessings

Bada Mangal is a deeply auspicious festival in Hinduism that is dedicated to honour Hanuman Jhi’s boundless strength and devotion. Happening on each Tuesday of Jyeshtha month, Bada Mangal is also known as Budhwa Mangal. On this day, believers worship the elderly form of Lord Bajrangbali. The importance of this…

The Guardian - UK

Calls for humanitarian corridor through strait of Hormuz as Iran war hits vital aid

Soaring oil prices and the blockade are preventing food, fuel and medicine being delivered to millions of people in desperate need, say NGOs

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Fortune

‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC

The move didn’t surprise Hanke, who served on the UAE’s Financial Advisory Council from 2008 to 2014.

The Independent UK

Russia struggles to contain ‘massive’ fire at oil refinery after third Ukrainian strike in two weeks

Vladimir Putin points to strike on Black Sea port facility as evidence of growing attacks against civilian ⁠infrastructure

International Business Times UK

OPEC: UAE Leaves OPEC — What This Means for the Global Oil Economy

OPEC faces uncertainty as UAE exit reports trigger concerns over oil supply stability and global economic ripple effects

The Conversation

Australia’s inflation surge just made an RBA rate rise more likely

Australia’s inflation rate surged 1.1% in March, driven by a record jump in fuel prices, making an interest rate hike next Tuesday more likely.

The Independent UK

Oil prices decline after UAE says it will exit Opec amid Iran war energy crisis

Asian stocks are mostly higher despite a retreat on Wall Street

Euronews

’A new power’: Trump not invited to climate conference attended by 60 countries

"When the largest emitters have been present at the COP negotiations, they have pushed for a veto to prevent any discussion of the need to transition beyond fossil fuels," said the conference host.

Euronews

Organisers of high-level climate summit in Colombia say 'we must transition away from fossil fuels'

The two-day segment of ministers and senior officials marks the political centerpiece of the First Conference on Transitioning away from Fossil Fuels, where more than 50 countries have been discussing how to move away from oil, gas and coal.

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