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The Latest Breaking News from Oil

Breaking 8 publishers covering this story in the last 6 hours

War in the Middle East hasn’t triggered a coal comeback, but it is boosting renewables

Countries have few incentives to permanently pivot back to coal, even during the worst energy disruption in history.

Fortune · Apr 16

Scottish Parliament ‘paying lip service’ to oil and gas industry – Kemi Badenoch

The Conservative leader made her comments while on a visit to Scotland.

Evening Standard · Apr 16

Cotton Rally Extending to New Highs

Cotton futures are continuing the rally on Thursday, with contracts up 70 to 85 points so far. The US dollar index is $0.209 higher at $98.060. Crude oil is up $3.09 so far on the day. USDA Export Sales data from this morning showed a total of 161,101 RB of...

Barchart · Apr 16

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Soybeans Firming Higher at Midday

Soybeans are trading with contracts fractionally higher in the nearbys to a nickel higher in the new crop months. The cmdtyView national average Cash Bean price is up 3/4 cent at $11.02 1/2. Soymeal futures are $2 to $3 lower on the day, with Soy Oil futures up 190 to...

Barchart · Apr 16

Crude Oil Strength Sparks Short Covering in Sugar

May NY world sugar #11 (SBK26 ) today is up +0.15 (+1.11%), and Aug London ICE white sugar #5 (SWQ26 ) is up +6.20 (+1.50%). Sugar prices are moving higher today as a +2% rally in crude oil price (CLK26 ) sparked short covering in sugar futures. Higher crude prices...

Barchart · Apr 16

Stocks buoyed by Tesco and welcome GDP surprise

The FTSE 100 closed up 30.41 points, 0.3%, at 10,589.99.

Evening Standard · Apr 16

Karoline Leavitt Claimed Gas Prices Are Down Under Trump While Americans Are Paying Nearly a Dollar More at the Pump

Karoline Leavitt's claim of falling gas prices is contradicted by AAA data showing a rise since Operation Epic Fury began, as Treasury Secretary Bessent defends the administration.

International Business Times UK · Apr 16

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Electric vehicles pass tipping point, breaking the link with oil prices

When the Strait of Hormuz first closed in March and oil hit US$120 a barrel, a very old question came back: is this finally the moment electric vehicles take off for good – or just another false start?

The Conversation · Apr 16

Crude Prices Climb as Global Oil Supplies Remain Disrupted

May WTI crude oil (CLK26 ) today is up +2.40 (+2.63%), and May RBOB gasoline (RBK26 ) is up +0.0655 (+2.13%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 3-week low. Crude oil and gasoline prices are moving higher today as the US naval...

Barchart · Apr 16

Stocks Edge Higher as Chipmakers Rebound

The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.43%. June E-mini S&P futures (ESM26 ) are up +0.26%, and June E-mini Nasdaq futures...

Barchart · Apr 16

BP sued in Kenya over alleged toxic waste from 1980s oil exploration

A Kenyan High Court has ruled that a class action lawsuit against BP can proceed

The Independent UK · Apr 16

How Iran cryptocurrency demands explain a key role of money throughout history

When Iran began demanding payment in exchange for safe transit through the Strait of Hormuz, it offered the option to pay in cryptocurrency. Likewise, the shadowy network of tankers that have smuggled Russian oil to world markets since the full-scale invasion of Ukraine in 2022 have often been paid this…

The Conversation · Apr 16

Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

Experts say US market ‘may have run ahead of itself’ while ASX 200’s more modest recovery is due in part to Australia’s reliance on fuel imports

The Guardian - AU · Apr 16

Man Says Only 'An Idiot' Goes To Valvoline For An Oil Change. Then An Expert Steps In: 'Former Valvoline Tech Here...'

An oil change is one of those tasks you do about every six months, either DIYing it or taking your car to a local service center. Because it's so simple and inexpensive, most drivers don’t pay it much mind.

Motor1 · Apr 16

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The Guardian - UK · Apr 16

At least 17 people killed in Russia’s deadliest attack on Ukraine this year

More than 100 injured across country after Russia launches nearly 700 drones and dozens of ballistic and cruise missiles

Barchart · Apr 16

Stocks Pressured by Weakness in Chipmakers

The S&P 500 Index ($SPX ) (SPY ) today is down -0.15%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.21%. June E-mini S&P futures (ESM26 ) are down -0.16%, and June E-mini Nasdaq futures...

Euronews · Apr 16

Orbán's defeat and US shift raise hopes to unblock EU sanctions on Russia

After Viktor Orbán's defeat at the polls and Washington's decision to phase out waivers for Russian oil, hopes are rising in Brussels that a package of sanctions against Moscow will finally be unlocked.

MarketBeat · Apr 16

Booking Holdings Down 15%, Is It Time to Buy?

BKNG stock is down nearly 20% on the year thanks to the oil surge. Now that markets are turning, is it time to buy this beaten-down travel stock?

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Euronews · Apr 16

Europe has six weeks of jet fuel left caused by 'dire strait' crisis, IEA chief warns

Last week, the Airports Council International Europe wrote to the European Commission, saying jet fuel shortages could begin at the start of May if tankers do not start passing through the Strait of Hormuz.

Barchart · Apr 16

Cotton Rally Extending to Thursday Morning

Cotton prices are up another 50 to 60 points early on Thursday morning. Futures were in rally mode, with contracts up 77 to 137 points at the close on Wednesday. The US dollar index was $0.033 lower at $97.875. Crude oil was up 12 cents on the day. The Seam...

Barchart · Apr 16

Soybeans Slipping to Start Thursday Trade

Soybeans are down fractionally to 2 cents so far on Thursday morning. Futures were in rally mode on the midweek session, with contracts 9 to 11 cents higher at the close. Open interest suggested net new buying, up 21,537 on Wednesday. The cmdtyView national average Cash Bean price was up...

Fortune · Apr 16

Current price of oil as of April 16, 2026

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

Radio France Internationale · Apr 16

France releases suspected Russian 'shadow fleet' tanker following fine

A tanker suspected of belonging to Russia’s so-called “shadow fleet” has left the southern French port of Marseille after being held for several weeks by French authorities. France is one of several European countries that have imposed sanctions on Russian vessels over the war in Ukraine.

Latin Times · Apr 16

Iran signals possible Hormuz shipping relief if U.S. deal is reached - REPORT

Iran has floated a proposal to let commercial vessels move freely along the Omani side of the Strait of Hormuz if negotiations with the United States produce a deal that prevents a renewed military confrontation.

The Guardian - UK · Apr 16

Europe has only six weeks’ supply of jet fuel left owing to Iran war, says energy chief

There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA

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