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 · Jun 17, 2025

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 · Jun 17, 2025

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 · Jun 17, 2025

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 · Jun 17, 2025

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 · Jun 17, 2025

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 · Jun 17, 2025

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 · Jun 17, 2025

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) · Jun 17, 2025

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 · Jun 17, 2025

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 · Jun 17, 2025