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The Latest Breaking News from Oil

Breaking Live 4 publishers covering this story in the last 6 hours

21m ago Ukraine's strikes on Russian data centers disrupt key services and derail AI research
24m ago Why is market falling today? Sensex drops 600 points, Nifty below 22,600. Key factors behind Rs 5 lakh crore rout
2h ago Oil Price Today (October 22): Crude oil above $110 as energy infra attacks heighten supply fears. More tension ahead?
2h ago Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions
3h ago Global Market Today: Asian stocks mixed as oil rally, AI concerns weigh on sentiment

Current price of oil as of Oct. 1, 2026

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

Fortune · Oct 1

Chinese Refiners Reportedly Banned Fuel Exports In October. Oil Prices Are Rising Again.

Brent crude reversed losses and climbed back above $100 a barrel following the report.

International Business Times · Oct 1

Cotton Starting Off Thursday with Losses

Cotton is starting Thursday with AM losses of 6 to 10 points. Futures closed the Wednesday session with contracts 16 to 43 pints lower across the board. Crude oil is back up $2.06 per barrel on the session, with the US dollar index $0.074 higher. The Cotlook A index was...

Barchart · Oct 1

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This Artist Created 39 Color-Rich Paintings Where Ordinary Subjects Become Striking Compositions

The most interesting thing about Alai Ganuza’s paintings may be how little they need to be extraordinary subjects. A plate of food, a cluster of flowers, a houseplant catching the light, or an object sitting quietly on a table can become enough for a painting. Ganuza works from real things…

Bored Panda · Oct 1

U.S.-Iran Negotiations Are Stalled. Now Rubio Reportedly Ordered Tehran's UN Delegation To Leave The Country.

The order included Iranian Foreign Minister Abbas Araghchi.

International Business Times · Oct 1

Iran readies harder retaliation if attacked as diplomacy faces long odds

Iran is intensifying its military response planning amid fears of US military escalation in the region. Senior commanders are considering broader targets beyond US-linked assets in their strategic discussions. Diplomatically, Iran has proposed a plan through Qatari mediators to halt fighting and resume oil exports. Economic pressures and fears of…

The Economic Times · Oct 1

Ukraine persists with Russian oil refinery strikes in defiance of Trump

US president blames attacks for driving up fuel prices before midterms, though analysts say his Iran war is main cause

The Guardian - UK · Oct 1

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Market wrap: Infosys, HDFC Bank, Bajaj Auto, Maruti Suzuki among top gainers and losers on Nifty and Sensex on Thursday

Indian equities extended their decline as elevated crude oil prices and multi-year high bond yields intensified concerns over the 2026–27 economic outlook. Nifty fell 0.88% and Sensex 0.79%, while broader markets weakened and India VIX climbed sharply.

The Economic Times · Oct 1

Trump the environmentalist? How his Iran war exposed the fragility of dirty energy

Gavin Newsom says Trump is a ‘gift’ to the climate cause for dispelling notions of fossil fuel energy security

The Guardian - US · Oct 1

There’s a pipeline of deals—for pipelines—that will help power the AI boom

Potential sellers ask for more money on inflated valuations, while the buyers think longer term and conservatively. It’s hard to meet in the middle on a price tag.

Fortune · Oct 1

Inside the undersea kingdom: the secret, sinister battle to control what lies beneath the waves

Every day, trillions of dollars, oil and gas and 99% of the world’s web traffic move through undersea pipelines under no state’s protection. With superpowers and corporations now vying for control, should we be worried about this potential new wild west of geopolitical power?

The Guardian - UK · Oct 1

Zack Polanski issues test to UK Government over Israel-linked North Sea company

THE UK Government has been challenged to explain whether its proposed sanctions against Israeli settlement-linked companies could affect the controversial Rosebank oil field.

The National (Scotland) · Oct 1

Hormuz Oil Flows Are Near Prewar Levels. Consumers Are Unlikely To See Relief Soon.

Nearly 12.5 million barrels per day moved through the Strait of Hormuz during the week ending September 27, about 1 million barrels below its prewar baseline. But prices are still much higher than then.

International Business Times · Oct 1

Rupee drops to two-month low as global bond rout deepens, oil jumps

The Indian rupee fell to its weakest level in two months as global bond yields rose sharply. Oil prices soared past $100 per barrel, complicating the currency situation further. Investors are concerned about foreign portfolio outflows that are impacting the rupee adversely. Additionally, rising borrowing costs threaten government finances and…

The Economic Times · Oct 1

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The Conversation · Oct 1

Would a 50mph motorway speed limit really save much fuel?

Imagine joining the motorway in the near future and seeing a 50mph speed limit sign, but no roadworks, no accident and no obvious reason to slow down. This time, the aim is to save fuel.

The Texas Tribune · Oct 1

Trump’s proposed ban on diesel exports could have unintended consequences for Texas refineries

Experts say the president’s goal of lowering gas prices by prohibiting exports would devastate the energy sector and cause fuel shortages.

The Economic Times · Oct 1

Global Market: European shares slide as surging bond yields hit risk appetite

European shares opened the final quarter lower as elevated global bond yields and persistent inflation concerns weighed on investor sentiment. The STOXX 600 fell 1%, with banks among the biggest decliners. Higher energy costs and expectations of prolonged interest rates pressured equities, while softer oil prices offered limited relief to…

The Economic Times · Oct 1

India steps up palm oil buying as tax cut spurs restocking

India is increasing its palm oil imports after reducing import duties, prompting refiners to restock. More than 200,000 tons of crude palm oil have been bought recently as inventories run low. The government cut taxes on edible oil imports, adding urgency to the purchases. This buying activity is crucial ahead…

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The Guardian - UK · Oct 1

‘It’s utter surrealism’: Venezuela’s Chavistas lament government’s embrace of Trump

Diehard Hugo Chávez supporters struggle to comprehend ideological U-turn being executed by Delcy Rodríguez’s interim administration

Euronews · Oct 1

Oil hovers around $100 as US bonds suffer their worst quarter since 1994

Oil prices bounced back above $100 a barrel on Thursday as a US-Iran deal remained elusive, while European stocks fell and US government bonds came off their worst quarter since 1994, with the 10-year Treasury yield at its highest since 2007.

The Economic Times · Oct 1

FOREX-Euro slides to 17-month low, hit by rates and inflation cocktail

As political instabilities linger, the euro has descended to its lowest point in over 17 months when measured against the dollar. This shift has prompted investors to favor the dollar, which is showing strength across various currencies. Meanwhile, the Australian dollar has reached a two-month low due to disappointing local…

The Economic Times · Oct 1

No global oil shortage, supply route disruptions driving crude prices, oil minister says

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri highlights the current oil supply situation. He states that global oil production exceeds consumption, but disruptions are causing price increases. Puri notes geopolitical factors, particularly the Russia-Ukraine conflict and challenges in shipping routes. Additionally, he discusses India's efforts to enhance…

The Economic Times · Oct 1

Global markets defy bond turmoil as stocks stay near record highs

Global stocks remain near record highs despite rising government bond yields, geopolitical tensions, higher oil prices and concerns over AI valuations. Equities have been supported by strong earnings expectations, even as bond markets face significant stress. Investors are watching yields, currency movements, geopolitical risks and the sustainability of the AI-led…

The Times of India · Oct 1

At age 9, Thomas Gilcrease got 160 acres; 18 years later, it had 32 producing oil wells

In 1899, nine-year-old Thomas Gilcrease received a 160-acre land allotment in Oklahoma. After oil was discovered nearby, his property had 32 producing wells by 1917. The wealth from oil later supported his collecting passion and helped preserve a vast record of American Indian history, art and culture at the museum…

The Economic Times · Oct 1

US Market: 10-year yield surges to 5.31%, highest since 2007

US Treasury yields reached multi-year highs as a historic bond selloff extended into a seventh session. The 10-year yield touched 5.31%, while the 30-year exceeded 5.65%. Persistent inflation, energy costs, strong AI investment and shifting Fed expectations pressured bonds. Falling oil prices offered some relief, but global yields remained elevated.

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