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The Latest Breaking News from Oil

Breaking Live 7 publishers covering this story in the last 6 hours

26m ago West Bengal plans own edible oil brand, starting with mustard oil
51m ago 'Largest global fuel supply disruption in history': Which Europeans are paying the most for fuel?
53m ago LPG losses reach Rs 300/cylinder, OMCs’ petrol, diesel margins turn negative; daily hit at Rs 530 crore: ICRA
1h ago Delcy Rodríguez poses with Trump in New York as Maduro languishes in jail nearby
1h ago Ukraine Keeps Targeting Russian Energy Infrastructure. Moscow Now Reportedly Cut Its Natural Gas Forecasts.

Is oil king again? China’s surging cleantech exports show the opposite is true

Over the last two months, nations have scrambled to shore up oil supplies as the Iran war prevented oil tankers moving through the Strait of Hormuz.

The Conversation · Apr 27

Dollar Slips on Hopes for US-Iran Peace Talks to Resume

The dollar index (DXY00 ) on Monday fell by -0.05%. The dollar fell from a 2.5-week high on Monday and finished lower after Axios reported that Iran has offered a new proposal to reopen the Strait of Hormuz. The dollar initially moved higher in overnight trade after President Trump canceled...

Barchart · Apr 27

‘Who’s really scamming me?’: Man gets two different service recommendations from two Toyota dealerships on the same car in 24 hours

One follow-up exposed the cracks.

We Got This Covered · Apr 27

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Strait of Hormuz Closure Limits Energy Supplies and Supports Crude Oil Prices

June WTI crude oil (CLM26 ) on Monday closed up +1.97 (+2.09%), and June RBOB gasoline (RBM26 ) closed up +0.0372 (+1.12%). Crude oil and gasoline prices settled sharply higher on Monday, with gasoline posting a 3.75-year high. Crude prices continue to climb as stalled peace talks between the US...

Barchart · Apr 27

As the U.S. Spends Billions Fighting Iran, War-Driven Inflation Hits Working Families Hard

The rising cost of gas and higher utility rates are hurting farmers, ride-sharing workers and consumers from coast to coast.

Capital & Main · Apr 27

Iran to Reopen the Strait of Hormuz? Reports Say Tehran Offered to End Chokehold if US Lifts Blockade and Ends the War

Iran proposes to reopen the Strait of Hormuz if the US lifts its blockade and ends the war. Learn more about this geopolitical shift and its impact on global oil trade.

International Business Times UK · Apr 27

Starmer warns Iran war could put holidays and food shopping habits under threat

Sir Keir Starmer told Britons not to panic over the economic impact of the Iran war

The Independent UK · Apr 27

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Venezuela Reactivates Idle Oil Rigs As Industry Overhaul Draws Global Energy Players Back

Oilfield service companies operating in Venezuela are redeploying equipment as the interim government pushes ahead with a broad industry overhaul.

International Business Times · Apr 27

Soybeans in Rally Mode on Monday

Soybeans are up 11 to 15 cents across most contracts on Monday. The cmdtyView national average Cash Bean price is up 15 cents at $11.17 1/4. Soymeal futures are up $9.50 to $9.70 in the front months, with Soy Oil futures up 20 to 24 points. USDA’s FGIS tallied soybean...

Barchart · Apr 27

Cotton Holding onto Monday Gains

Cotton futures are trading with contracts 22 to 56 points higher across the front months. The US dollar index is slipping 0.084 lower at $98.280. Crude oil is back up $2.24 to $96.65. Spec traders were busy increasing their fresh bullish bet in cotton futures and options in the week...

Barchart · Apr 27

Caspian and Central Asian oil markets recalibrate amid trade shifts

The oil sector in the South Caucasus and Central Asia is shifting towards more flexible trading strategies as volatile markets and Asia-led demand reshape global energy flows.

Euronews · Apr 27

California's fight over pipeline tests state's right to push back against Washington during war

California continues to fight the Trump administration after it defied state officials to restart oil drilling off the Santa Barbara coast in the name of national security

The Independent UK · Apr 27

Blue chips falter as oil price moves ever higher

The FTSE 100 closed down 57.99 points at 10,321.09.

Evening Standard · Apr 27

This Forgotten Victorian Trick Makes Your Home Smell Incredible – And It Only Requires 2 Ingredients

They're impressively fragrant, non-toxic, and take a minute to make

Homes & Gardens · Apr 27

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The Conversation · Apr 27

As Arctic waters open up, Canada must prepare for oil spills

Canada’s Arctic is opening faster than protection efforts are keeping pace. As sea ice declines, shipping is expanding across Arctic and sub-Arctic waters.

Barchart · Apr 27

Crude Oil Prices Rally on Stalled US-Iran Peace Talks

June WTI crude oil (CLM26 ) today is up +2.68 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0602 (+1.81%). Crude oil and gasoline prices are sharply higher today, with gasoline posting a 3.75-year high. Crude prices continue to climb as stalled peace talks between the US and Iran...

Euronews · Apr 27

Strait of Hormuz standoff leaves 20,000 seafarers stranded on cargo ships

Thousands of seafarers are stranded as the Iran war shuts down much of the Strait of Hormuz, disrupting global oil and gas trade and raising safety fears.

Barchart · Apr 27

Stocks Slip as Higher Oil Prices Spur Inflation Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.30%. June E-mini S&P futures (ESM26 ) are down -0.14%, and June E-mini Nasdaq futures...

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Fortune · Apr 27

Shell reverses course in Canada and buys ARC Resources for $14 billion, doubling down on oil and gas

The Montney is emerging as a hot oil and gas play as U.S. shale basins mature.

Barchart · Apr 27

Dollar Weakens and Gold Falls on New Iran Proposal to End War

The dollar index (DXY00 ) today is down by -0.19%. The dollar fell from a 2.5-week high today and turned lower after Axios reported that Iran has offered a new proposal to reopen the Strait of Hormuz. The dollar initially moved higher in overnight trade after President Trump canceled planned...

Marie Claire · Apr 27

My Tiny NYC Apartment Feels Like a 5-Star Spa With These 11 Salt & Stone Body Products—All Under $50

The scents are top tier.

Barchart · Apr 27

Stocks Pressured by Higher Oil Prices

The S&P 500 Index ($SPX ) (SPY ) today is unchanged, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.10%. June E-mini S&P futures (ESM26 ) are down -0.02%, and June E-mini Nasdaq futures (NQM26...

International Business Times UK · Apr 27

28-Year-Old Harvard Student's Dorm Room Side Hustle Made $7K In First Month — Now Targets $500K

Brian Youngblood launched Prest, a shelf-stable powdered hummus, from a Cambridge donut shop kitchen while studying at Harvard Business School.

The Conversation · Apr 27

How freak weather and an old-fashioned grid exacerbate energy insecurity

The Iran crisis is reshaping how the world produces, uses and secures energy. This is no temporary shock. It has become a structural stress test of energy systems, industrial production and government strategy.

International Business Times · Apr 27

Goldman Sachs Raises Oil Forecasts For 2026 As Strait Of Hormuz Remains Closed

Goldman Sachs has elevated its oil forecasts for the year as the Strait of Hormuz remains closed and prices continue to be elevated.

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