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The Latest Breaking News from Oil

Grains, Unrest, & Gold: What Middle East Tensions Mean for Your Portfolio Now

Darin Newsom discusses mixed grain and livestock markets, attributing crude oil support to Middle East tensions and explaining gold's rally due to global distrust in the U.S. dollar, while noting financial indices appear toppy and grain markets remain range-bound due to ample supply and a lack of significant weather issues,…

Barchart

Ukraine left in lurch as Trump rushes out of G7 without meeting Zelenskyy

US president said he had to leave to focus on Israel-Iran conflict, without addressing Russia-Ukraine ceasefire

The Guardian - US

Coalition of the willing to reconvene ‘in weeks’ as UK pushes Russian oil cap

The Prime Minister on Tuesday announced a series of measures aimed at ramping up pressure on Vladimir Putin.

Evening Standard

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'They Can't Filter It Out All the Way:' Walmart Service Tech Changes Customer's Oil. Then She Puts In Recycled Oil

A Walmart service tech just made a bold claim about the company’s auto care centers: They allegedly use recycled oil, not fresh oil, during customer oil changes.

Motor1

Stocks Tumble and Oil Surges on Middle East Jitters

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.00%. June E-mini S&P futures (ESM25 ) are down -0.86%, and June E-mini Nasdaq futures...

Barchart

EU Chief Says Pressure Off For Lower Russia Oil Price Cap

EU Commission Chief Ursula von der Leyen on Tuesday said surging energy prices have reduced the urgency to slash the price cap on Russia's global oil exports.

International Business Times

Stocks sink amid instability in the Middle East, Fed decision

The S&P 500 dropped as Trump weighs whether to enter Israel’s war with Iran.

Fortune

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Crude Prices Surge as Middle East Tensions Escalate

July WTI crude oil (CLN25 ) Tuesday closed up +3.07 (+4.28%), and July RBOB gasoline (RBN25 ) closed up +0.0520 (+2.34%). Crude oil prices rallied sharply on Tuesday on the increase in Middle East tensions after President Trump downplayed the prospects for an early end to the Israel-Iran war. President...

Barchart

Brazil auctions off several Amazon oil sites despite environmentalists and Indigenous protests

Brazil has auctioned off several land and offshore potential oil sites near the Amazon River, aiming to expand production in untapped regions despite protests from environmental and Indigenous groups

The Independent UK

Ethereum critics say it has failed—but boosters say cryptocurrency has become ‘digital oil’

The second largest cryptocurrency has lagged behind Bitcoin in price and is still about 50% below all-time highs in 2021.

Fortune

Brazil Sells Exploration Rights To Oil Blocks Near Amazon River Mouth

Brazil sold exploration rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at the start of an auction slammed by environmentalists months before the country is to host the COP30 climate summit.

International Business Times

Oil and gas firm fined £300k after 'terrifying incident' on North Sea rig

An oil and gas operator has been fined £300,000 following a “terrifying incident” on a North Sea rig that saw three workers lowered into a…

The National (Scotland)

EU's REPowerEU Plan Aims to Eliminate Russian Gas and Oil Imports by 2028

Despite opposition from some member states, including Hungary and Slovakia, the European Commission intends to adopt the regulation via qualified majority voting, bypassing the need for unanimous approval.

International Business Times

UK pushes for lower Russian oil cap as PM denies coalition of the willing is dead

The Prime Minister said he ‘strongly’ believes that restrictions on the price of Russian crude oil should be increased.

Evening Standard

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Barchart

Crude Prices Climb as Prospects Dim for an Early End to Israel-Iran War

July WTI crude oil (CLN25 ) today is up +1.88 (+2.62%), and July RBOB gasoline (RBN25 ) is up +0.0286 (+1.29%). Crude oil prices are sharply higher today on the increase in Middle East tensions after President Trump downplayed the prospects for an early end to the Israel-Iran war. Today's...

Barchart

Can Brent Crude Take Out $75 as Iran-Israel Conflict Drives Global Oil Prices?

Technical traders should watch this key chart level for crude oil as the commodity responds to geopolitical headlines.

The Conversation

G20 countries could produce enough renewable energy for the whole world – what needs to happen

The world’s most developed economies have also burnt the most oil and coal (fossil fuels) over the years, causing the most climate change damage. Preventing further climate change means a global fossil fuel phase-out must happen by 2050. Climate change mitigation scientists Sven Teske and Saori Miyake analysed the potential…

Clever Dude

8 Reason Men Should Get Facials

Men’s skincare is no longer just a trend—it’s a smart investment in your health and confidence. While many guys stick to the basics, facials offer benefits that go far beyond what you can achieve with soap and water. If you think facials are just for women or that they’re an…

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MarketBeat

Southwest Airlines: Short Interest Plunges—Should You Buy?

A recent geopolitical shock has sent oil prices higher unexpectedly, which might usually make investors avoid airline stocks altogether.

Euronews

European Commission proposes new measures to phase out Russian oil and gas

The European Commission proposed a new law outlining deadlines and strategies for phasing out Russian oil and gas, excluding nuclear energy, which will be addressed separately.

Al Jazeera

Mapping Iran’s oil and gas sites and those attacked by Israel

Iran is a top 10 oil and gas producer, making its energy sites crucial to both regional and global markets.

Clever Dude

10 Clues Your Mechanic Might Be Lying to You

You bring your car in for a routine oil change and somehow leave with a $1,200 bill. Sound familiar? If so, you’re not alone. Auto shops thrive on the fact that most drivers don’t fully understand what’s going on under the hood. And while many mechanics are honest, there’s a…

The Independent UK

Starmer tightens screws on Putin as he announces raft of fresh sanctions against Russia

Keir Starmer said his sanctions would choke off Putin’s ability to continue his war

Euronews

US action against Iran would fuel 'broader conflict' in the Middle East, Kallas warns

Kaja Kallas has spoken against the idea of the United States direct involvement in the military escalation between Israel and Iran.

The Independent UK

Ouai’s haircare products deliver ‘unrivalled shine’ – and my favourites are reduced

From the detox shampoo to the hair oil, I tested the brand’s bestsellers

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