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The Latest Breaking News from Oil

South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks

South Korea's Kospi index saw a significant jump, mirroring Wall Street's positive performance. AI-related stocks experienced a strong rebound after recent declines earlier in the week. Japanese markets also climbed, with technology and investment firms showing gains. Oil prices increased due to ongoing tensions and a closed key shipping route.…

The Economic Times

Iran claims to destroy drone hangars, fuel depot at US base in Kuwait

US Iran war: IRGC reported destroying US drone hangars and a fuel facility in Kuwait. The IRGC also claimed a missile strike on Jordan's al-Azraq airbase. US Central Command denied damage to any American aircraft in these incidents. They also refuted claims about a commercial oil tanker violating a US…

The Economic Times

D-St set for a positive opening as GIFT Nifty signals firm start

Indian benchmark indices opened flat and traded in a choppy, volatile range. Analysts suggest the index may head towards resistance at 24,500-24,600 levels. The India VIX, measuring market fear, rose 1.2% to settle at 12.16. Foreign portfolio investors and domestic institutions were net buyers of shares on Thursday. The Indian…

The Economic Times

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Burnham told Trump the UK will be ‘pragmatic’ about North Sea oil and gas

Despite vowing to stick to Labour’s 2024 manifesto promises, Burnham appears to have left the door open for further drilling in the North Sea

The Independent UK

Cotton Rallies on Thursday

Cotton futures were 81 to 139 points in the green at Thursday’s close. Crude oil was back down just 50 cents per barrel, with the US dollar index falling 0.914. Export Sales data showed 29,719 RB of cotton sold for 2025/26 in the week of July 23. That was a...

Barchart

Soybeans Fades Lower on Thursday

Soybeans posted weaker trade late on Thursday, with contracts down fractionally to 4 cents across most contracts. The cmdtyView national average Cash Bean price was up 2 ¾ cents at $11.49. Soymeal futures were 40 cents to $1.20 lower across most contracts, with Soy Oil futures down 17 to 82...

Barchart

US Mortgage Rates Hit 6.66%, the Highest in a Year, as Oil Prices and Stubborn Inflation Squeeze Buyers

US mortgage rates have surged to a 12-month high, driven by inflation and geopolitical tensions, impacting the housing market and increasing borrowing costs for prospective homebuyers.

International Business Times UK

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Crude Oil Prices Drop on Increased Traffic Through Strait of Hormuz

September WTI crude oil (CLU26 ) closed down -0.87 (-1.03%) on Thursday, and September RBOB gasoline (RBU26 ) closed down -0.0945 (-2.93%). Crude oil and gasoline prices gave up an overnight advance and settled lower on Thursday in hopes of a diplomatic solution to the US-Iran war. Crude prices also...

Barchart

Big bets, bigger risks: Why US oil majors are holding back in Venezuela

US oil companies and Venezuela's government face stalled negotiations over key oil assets. Companies seek fiscal guarantees and access to attractive fields, which remains unresolved. Washington encouraged investment to boost crude output amid global supply concerns. Legal uncertainty and past nationalizations deter major companies from new capital. Smaller producers are…

The Economic Times

Shell’s profits have more than doubled while Americans keep paying more at the gas pump

‘When wars make oil companies richer, something’s seriously messed up in the world,’ one social media user noted

The Independent UK

UK PM Burnham says he told Trump UK would take 'pragmatic approach' on North Sea oil

UK Prime Minister Andy Burnham has signalled a more "pragmatic approach" towards North Sea oil and gas, saying Britain "can't ignore" the region's energy resources while people are struggling with high costs. His remarks came after US President Donald Trump claimed Burnham had told him the UK would "open up…

The Times of India

Saudi Arabia prepares sea and possible land offensive against Houthis

Yemeni sources say Saudis concentrating forces for what could be attack in central Yemen

The Guardian - UK

Drone attack in Egypt raises fresh fears over Suez Canal, global oil supply

A drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi Arabian oil exports. Houthi threats have already impacted traffic through the Bab el-Mandeb strait. Many tankers are now rerouting north towards the Suez Canal and Sumed…

The Economic Times

Burnham promises ‘pragmatic’ approach to North Sea oil and gas

PM tells reporters the government cannot ignore the energy resource ‘when people are struggling’

The Guardian - UK

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Barchart

Soybeans Holding onto a Thursday Bounce at Midday

Soybeans are trading with contracts 1 to 3 cents higher at midday. The cmdtyView national average Cash Bean price is up 5 ¾ cents at $11.52 ¼. Soymeal futures are up 40 to 90 cents across the front months, with Soy Oil futures down 20 to 50 points. USDA reported...

Barchart

Cotton Rallying on Thursday

Cotton futures are trading with contracts 125 to 188 point in the green at Thursday’s midday. Crude oil is back down just 38 cents per barrel, with the US dollar index falling 0.879. Export Sales data showed 29,719 RB of cotton sold for 2025/26 in the week of July 23....

The Independent UK

Deepening Middle East turmoil that Trump must stop making worse

THE INDEPENDENT VIEW: Editorial: With surrounding countries now being dragged into a widening Iran war, the US president must listen to his Western allies and begin the process of longer-term diplomatic talks – or risk impeachment

The Independent UK

Here's why new fronts seem to be opening up across the Middle East

Recent days have seen a series of attacks across the Middle East, from the U.S. and Saudi Arabia bombing militias in Iraq to drones setting ships ablaze in Egypt

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MyLifeXP

How to Build a Minimalist Skincare Routine

The skincare world is filled with endless products, trending ingredients, and viral beauty hacks. Every week there seems to be a new serum, mask, or treatment promising flawless skin. While these products may look tempting, using too many can sometimes do more harm than good. A minimalist skincare routine is…

The Economic Times

US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict

The United States and Iran exchanged missile strikes, escalating regional conflict. Jordan and Kuwait reported intercepting Iranian missiles and a deadly strike respectively. Drone attacks caused fires on ships at an Egyptian port this week. The ongoing war has significantly impacted global fuel prices and the economy. Diplomatic efforts continue…

Fortune

Aliko Dangote is leaving one-third of his $35 billion fortune 'to humanity'—a rare move among Africa's billionaires

The pledge amounts to roughly $11.6 billion at today's valuation, and could grow far larger once his oil refinery goes public.

Barchart

Crude Oil Prices Slip on Ongoing US-Iran Negotiations

September WTI crude oil (CLU26 ) today is down -0.16 (-0.19%), and September RBOB gasoline (RBU26 ) is down -0.0740 (-2.29%). Crude oil and gasoline prices gave up an overnight advance and turned lower on hopes for a diplomatic solution to the US-Iran war, along with signs of increased oil...

The Guardian - UK

US hits dozens of targets in Iran overnight as peace efforts under threat

Central Command says strikes aimed at diminishing Iranian military while mediators say talks are continuing

The National (Scotland)

Andy Burnham downplays Donald Trump claims as he breaks silence on oil

ANDY Burnham has left the door open for future North Sea drilling as he confirmed he told Donald Trump “we can’t ignore” the resources there

The Independent UK

Mapped: All of the countries dragged into Trump’s war in Iran

IN FOCUS: The war has spread across the Middle East, with unprecedented disruption to global oil supplies and Gulf states being targeted by Tehran. Maira Butt looks at how the war has dragged in countries on several continents

1 … 4 5 6 7

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