The Latest Breaking News from Oil

Current price of oil as of Oct. 2, 2026

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

Fortune · Oct 2

What is happening with diesel – and should we be worried?

Donald Trump has threatened to ban US diesel exports of diesel – here’s what that could mean

The Independent UK · Oct 2

Can releasing more of Europe’s emergency reserves bring diesel prices down?

The EU says it is ready for collective action with the IEA on a fresh emergency release. Analysts say releasing diesel reserves could lower pump prices within days, but would offer only short-term relief.

Euronews · Oct 2

UK diesel price hits record high of £2 a litre

France proposes that EU nations and IEA release oil and diesel from reserves as Iran war drives up cost worldwide

The Guardian - UK · Oct 2

Stock Index Futures Climb as Oil Slumps; Key U.S. Jobs Report in Focus

December S&P 500 E-Mini futures (ESZ26) are up +0.47%, and December Nasdaq 100 E-Mini futures (NQZ26) are up +0.64% this morning as a retreat in oil prices boosted sentiment ahead of the release of the key U.S. jobs report.

Barchart · Oct 2

China fuel export suspension to choke supplies in Asia

China's recent export restrictions on oil products have affected several major importers in Southeast Asia and Australia. Singapore has seen a significant drop in gasoline imports from China this year, while Australia remains a key destination for jet fuel imports. The situation has led to increased pricing pressures as Asian…

The Economic Times · Oct 2

EU holds crisis meeting as US pressure mounts to release emergency oil stocks

EU countries and the European Commission are holding talks on Friday that could pave the way for a new emergency oil reserves release, as pressure from Washington mounts. Energy Commissioner Dan Jørgensen told Euronews a fresh emergency release is "a possibility".

Euronews · Oct 2

One green shoot at a time: the women restoring mangrove forests in the oil-ravaged Niger delta

In a region of Nigeria blighted by decades of pollution, Martha Agbani and her team are not just replanting trees but regaining ownership of their lost lands and livelihoods

The Guardian - UK · Oct 2

EU says oil reserve release possible amid US pressure

Good morning from Brussels. This Friday morning: how EU governments could move to release strategic oil reserves amid US pressure, and the EU closes the book on Ukraine’s $27 billion deficit.

Euronews · Oct 2

Market crash wipes out Rs 26 lakh cr in 8 weeks! Why soaring bond yields may hurt Sensex, Nifty more than elevated oil prices

The Sensex and Nifty have fallen for eight straight weeks, wiping out more than Rs 26 lakh crore in market capitalisation. While elevated oil prices have pressured equities, soaring bond yields, foreign outflows, a stronger dollar and tighter liquidity are adding to the selling pressure and weighing on investor sentiment.

The Economic Times · Oct 2