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The Latest Breaking News from Oil

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

17m ago Higher fuel bills are costing the EU €270 million a day on average, report says
46m ago The U.S. And Iran Traded Fresh Threats. Oil Prices Climbed Back Above $100 a Barrel.
1h ago West Bengal plans own edible oil brand, starting with mustard oil
1h ago 'Largest global fuel supply disruption in history': Which Europeans are paying the most for fuel?
1h ago LPG losses reach Rs 300/cylinder, OMCs’ petrol, diesel margins turn negative; daily hit at Rs 530 crore: ICRA

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.

The Conversation · 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.

International Business Times · Apr 27

Could the Strait of Malacca be the next global flashpoint?

While recent global attention has focused on the Strait of Hormuz, which Iran has effectively held closed since late February in a move that has disrupted world energy supplies, a quieter but also important development has been taking shape in south-east Asia.

The Conversation · Apr 27

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Oil is Off Its Highs But Shorting Chevron Puts Provides Good Yields

Oil is off peak prices as tensions over the Iran war have subsided. As a result, oil stocks such as Chevron Corp. have dropped. But put option premiums remain high, making them attractive to short-sellers.

Barchart · Apr 27

Current price of oil as of April 27, 2026

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

Fortune · Apr 27

Households fork out £3,400 more for bills in five years due to war impact on energy prices

Ofgem will announce on 27 May the price cap for the three months covering 1 July to 30 September

The Independent UK · Apr 27

Starmer to chair ministerial meeting focused on economic impact of Iran war

The Middle East Response Committee will meet on Tuesday.

Evening Standard · Apr 27

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Strait of Hormuz traffic showing early signs of recovery but analysts say crisis far from over

Vessel crossings rebound over the weekend but analysts warn increased movement has not yet translated into a surge in oil and gas flows as the war continues

The Independent UK · Apr 27

10 Things You Should Know About Oil and Prices

Oil rocks the price of just about everything that touches your life, from food to investments to gas and beyond.

Kiplinger · Apr 27

The Latest: Iran proposes to reopen Strait of Hormuz without nuclear agreement

Iran has offered to end its chokehold on the Strait of Hormuz without addressing its nuclear program

The Independent UK · Apr 27

What Hanuman Did That Changed Shani Dev Forever

What if one of the most feared deities carries a story of pain not just power? We often hear about Shani Dev as the giver of justice. Slow, strict, and unavoidable. But have you ever wondered why is his movement so slow? And why do people offer mustard oil to…

MyLifeXP · Apr 27

Oil prices soar to near three-week high as Trump scraps Iran peace talks over lack of progress

‘We can talk but we’re not sending people,’ the president says

The Independent UK · Apr 27

Oil prices rise to near-three week highs as US-Iran peace talks falter

Donald Trump said over the weekend that envoys from Washington would no longer be travelling to Islamabad in Pakistan for negotiations.

Evening Standard · Apr 27

Iran war briefing: Oil prices reach three-week high as peace talks stall

Iran and Oman have agreed to continue expert-level consultations to ensure safe transit through the Strait of Hormuz and protect shared interests in the waterway, Iranian foreign minister Abbas Araqchi said. The British government is scrambling to secure supplies of carbon dioxide for food producers and breweries, and is drawing…

The Independent UK · Apr 27

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The Conversation · Apr 27

Ghana’s fuel payment strategy works for now: how to fix longer term problems

Ghana introduced a new payment arrangement for petroleum imports in 2023, using gold instead of scarce US dollars. The policy was designed to ease pressure on the cedi by reducing the need for upfront dollar purchases to settle fuel import bills.

The Guardian - UK · Apr 27

Goldman raises oil price forecasts as Iran war deadlock continues; Shell buying Canada’s ARC in $13.6bn deal – as it happened

Rolling coverage of the latest economic and financial news

Euronews · Apr 27

What is Europe doing to avoid a new energy crisis? Ask the Euronews AI chatbot

EU fossil fuel imports have increased by €24 billion since the US-Iran war, with oil prices up 60 per cent and gas 70 per cent. How will the EU’s new AccelerateEU plan avoid a full-scale energy shortage? Ask the Euronews AI chatbot.

The Independent UK · Apr 27

Iran-US war latest: Trump considers Tehran’s latest peace proposal as Germany warns he’s being ‘humiliated’

Press Secretary Karoline Leavitt ‌said Trump's bottom line demands remain the same

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The Independent UK · Apr 27

PHOTO ESSAY: AP photos capture elderly Cubans coping with deepening economic crisis

Cuba’s elderly are among those bearing the heaviest burden of the island’s deepening economic crisis, which has worsened since the start of the year after an oil embargo imposed by U.S. President Donald Trump.

The Independent UK · Apr 27

Asian shares are mixed and oil gains more than $1 as Iran talks remain in flux

Shares are mixed in Asia and Tokyo has hit a fresh record after U.S. stocks ended last week with new highs

The Times of India · Apr 27

‘Our math is different’: Iran warns Gulf countries of ‘fourfold’ retaliation after Trump threat

Iran's Vice President warned of a fourfold retaliation against nations supporting damage to its infrastructure, particularly its oil sector, following US President Trump's remarks. This threat underscores heightened tensions around Iran's energy assets amidst ongoing conflict and diplomatic efforts, including a proposed two-stage plan to the US.

The Conversation · Apr 26

Tea tree oil may affect fertility, the EU says. A pharmacologist explains why that’s so misleading

The heady scent of tea tree is one of the iconic smells of the Australian bush. And the essential oils derived from tea trees have been used as medicines, first by Indigenous people, then by colonists.

Motor1 · Apr 26

Woman Goes To Walmart For An Oil Filter. Then She Realizes People Have Been Snatching Them All Up: ‘Wix, Puralator, Mobil 1’

A woman is going viral on TikTok after flagging what she says is a frustrating issue with something as basic as routine car maintenance.

Barchart · Apr 26

Mega-Cap Earnings, FOMC and Other Key Things to Watch this Week

Markets enter a pivotal week with key Mega-Cap earnings and Fed policy the main tings to watch along with any news from Iran.

Radio France Internationale · Apr 26

Trickle-down impacts of Middle East war, from pistachios, to copper, to leather

As oil prices surge and key shipping routes close because of the war in the Middle East, the downstream effects are impacting different markets around the world, from pistachios and bananas to luxury leather goods, as industries are being forced to adapt to disrupted supply chains and increased costs.

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