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The Latest Breaking News from Oil

Bharat Petroleum reviewing oil imports daily, spot buying more amid Iran war, chairman says

India's Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting its import strategy. The state-run refiner is running at 115% capacity, with Russian oil discounts narrowing significantly. Despite recent price hikes, BPCL continues to face losses on diesel and petrol sales.

The Economic Times

‘Only a complete whacko’ would scale down North Sea oil and gas, MPs told

Energy Secretary Ed Miliband and Claire Coutinho traded blows ahead of a Commons vote on whether to permit new licences for oil and gas fields.

Evening Standard

We reviewed 48 ‘low carbon’ projects and found they were becoming part of the fossil fuel problem

The world’s major oil and gas companies claim they are leading the energy transition. They spend billions on PR to brand themselves as part of the solution. The data we’ve reviewed tells a different story.

The Conversation

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US stock market crashes today: Dow Jones, S&P 500, and Nasdaq fall hard as bond yields hit 19-year high - Nvidia, Broadcom, AMD, and Amazon lead massive Wall Street selloff

US stock market crashes today as Dow Jones, S&P 500 and Nasdaq plunge. The Dow Jones Industrial Average dropped more than 237 points, while the S&P 500 and Nasdaq slid deeper into negative territory as technology and AI-linked stocks faced heavy selling pressure. A perfect storm of soaring Treasury yields,…

The Economic Times

Is the Gulf losing its grip on the oil world?

One of the most striking features of the Iran war has been the resilience of the global oil market. Despite the disruption of flows through the Strait of Hormuz, the world’s most important oil transit chokepoint, prices have generally hovered around US$100 (£75) per barrel – a lower level than…

The Conversation

Crude Oil Prices Pressured on Hopes Diplomacy Can End US-Iran War

June WTI crude oil (CLM26 ) today is down -0.45 (-0.41%), and June RBOB gasoline (RBM26 ) is down -0.0885 (-2.35%). Crude oil and gasoline prices are under pressure today from a stronger dollar, as the dollar index ($DXY ) jumped to a 6-week high. Crude prices are also moving...

Barchart

Japan, China Cut U.S. Treasury Holdings As Iran War Pressures Global Currencies

China's Treasury holdings fell to their lowest level since 2008, while Japan trimmed nearly $47 billion from its position amid mounting pressure on the yen.

International Business Times

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US stocks fall further from their records after bond markets crank up the pressure

The U.S. stock market is giving back more of its record-setting rally as bond markets rattled by high inflation keep cranking up the pressure

AAP

Cost of living crisis looms as Iran energy shock threatens UK inflation rebound

Experts caution that future turbulence is on the way despite UK inflation easing last month

The Independent UK

UK inflation rate set to fall as lower household energy bills offset fuel surge

Most economists think the rate of Consumer Price Index (CPI) inflation slowed to 3% in April, from 3.3% in March.

Evening Standard

111 jobs at risk as specialist North Sea firm falls into liquidation

A specialist company operating in the North Sea oil and gas sector has falling into liquidation with 111 jobs at risk

The National (Scotland)

“I’m Running Out Of Patience”: Guy Learns The Real Reason Why His GF Rejected Four Proposals

The couple seemed to have it all – love, attraction, and even plans for engagement – but when the time to propose came, the girlfriend never seemed satisfied. The poor guy tried proposing four times and was told that he should still plan something more elaborate for "the real thing."…

Bored Panda

US stocks fall further from their records

The U.S. stock market is giving back a bit more of its record-setting rally

AAP

US tech stocks pull back, dragging indexes a bit further below their latest records

Technology stocks are giving back some more of their meteoric rises and are pulling the U.S. stock market a bit further from its all-time highs

AAP

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Fortune

Current price of oil as of May 19, 2026

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

The Economic Times

Video, satellite photos show Iran war oil spill on Persian Gulf island

A recent attack on an Iranian oil refinery has led to a devastating oil spill impacting Shidvar Island, a vital wildlife breeding ground in the Persian Gulf. Videos reveal oil-soaked shores and distressed marine life, highlighting the war's severe ecological toll. This incident follows other environmental damage from attacks on…

Evening Standard

Investors challenge Shell over plans for long-term decline in fossil fuel demand

The company’s board defended its ongoing investments in oil and gas as shareholders gathered at the Sofitel Hotel near Heathrow on Tuesday morning.

The Independent UK

Video and satellite photos show Iran war oil spill on Persian Gulf island

A mysterious attack on an Iranian oil refinery during the Iran war caused an oil spill that affected a nearby Persian Gulf island that’s a protected breeding ground for wildlife

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Barchart

Cotton Falling Back to Start Turnaround Tuesday Trade

Cotton price action is 68 to 110 points lower so far on Tuesday morning. Futures closed the Monday session with contracts 110 to 309 points higher on the day. The US dollar index was $0.298 lower at $98.91. Crude oil was up $1.83 at $107.25 on the day. Much of...

The Economic Times

India's inflation puzzle: How will fuel price play out

India's inflation debate intensifies as wholesale prices surge, driven by fuel costs, while retail inflation remains subdued. A recent fuel price hike is expected to push retail inflation higher, impacting household budgets. The RBI will closely monitor global crude prices, monsoon impact, and the pass-through of wholesale to retail inflation…

The Independent UK

UK petrol prices hit new record high amid Iran oil crisis

The average price of a litre of petrol is the most expensive it’s been since December 2022

The Guardian - UK

How to stop pasta sticking together

Don’t just tip it into boiling water and leave it, says our pasta panel – it needs a bit of attention

The Economic Times

India bonds gain as oil cools on US-Iran deal hopes

Brent crude futures fell 1.7% in Asian trade to about $110 a barrel after Trump said Washington had paused planned ‌strikes on Tehran ⁠following a ⁠fresh peace proposal that could pave the way for a nuclear deal.

AAP

Wall Street points lower and oil prices remain above $100 with Iran a dominant force in markets

Wall Street is leaning toward losses and oil prices remain above $100 per barrel as uncertainty about a resolution in the Iran war continues to be the biggest drag on markets

International Business Times UK

What Is Iran's 'Hormuz Safe'? The Bitcoin Insurance System for Ships Emerging Amid Gulf Tensions

US President Trump cancels a planned strike on Iran after Gulf allies' appeal, while Iran plans a Bitcoin-backed maritime insurance service to bypass Western financial systems.

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