The Latest Breaking News from Oil

BP set for shareholder clash over climate goals as AGM season kicks off

The oil major’s board is likely to face conflicting pressures from shareholders against a backdrop of confusion and uncertainty for investors.

Evening Standard · Apr 16, 2025

US imposes sanctions on a Chinese refinery accused of buying Iranian oil

The Treasury Department has imposed sanctions on a Chinese oil refinery that's accused of purchasing more than $1 billion worth of Iranian oil

The Independent UK · Apr 16, 2025

US Army engineers decide to fast-track Great Lakes tunnel permits under Trump energy emergency order

The U.S. Army Corps of Engineers will fast-track permits for building a protective tunnel around an aging Enbridge oil pipeline that runs beneath a channel connecting two Great Lakes

The Independent UK · Apr 16, 2025

China to snub UK energy summit amid row over infrastructure projects

Exclusive: Absence of world’s biggest clean energy producer will be welcomed by US pushing oil and gas exports

The Guardian - UK · Apr 16, 2025

White House threatens Colombia over regulations affecting US auto exports

The White House is urging Colombia to stop the implementation of new auto safety regulations that could jeopardize American car exports to Colombia, as both nations get ready to discuss tariffs, that have been recently imposed on Colombian products like coffee, avocados, flowers and oil

The Independent UK · Apr 15, 2025

Energy Demand Concerns Undercut Crude Prices

May WTI crude oil (CLK25 ) Tuesday closed down -0.20 (-0.33%), and May RBOB gasoline (RBK25 ) closed up +0.0022 (+0.11%). Crude oil and gasoline prices on Tuesday settled mixed. Tuesday's stronger dollar weighed on crude prices. Also, Tuesday's action by the International Energy Agency (IEA) to cut its global...

Barchart · Apr 15, 2025

Energy Commodities in Q1 2025- Where are they Heading in Q2?

The energy sector of the commodities market moved higher in Q1 2025, led by double-digit percentage gains in gasoline and natural gas. The energy composite gained 4.62% over the first three months of 2025.

Barchart · Apr 15, 2025

Crude Prices Weaken as IEA Cuts its Global Crude Demand Forecast

May WTI crude oil (CLK25 ) today is down -0.23 (-0.37%), and May RBOB gasoline (RBK25 ) is up +0.0033 (+0.16%). Crude oil and gasoline prices today are mixed. Today’s stronger dollar is weighing on crude prices. Also, today’s action by the International Energy Agency (IEA) to cut its global...

Barchart · Apr 15, 2025

Trump tariffs will mean world uses less oil this year, IEA says

Energy watchdog cuts forecast for growth in demand by a third, and says a trade war could mean it falls further

The Guardian - UK · Apr 15, 2025

Buffett Loves Occidental Petroleum—Should You? 4 Pros, 3 Cons

Buffett hasn’t sold a single OXY share in 2025. Discover if now is the right time to invest in Occidental Petroleum amid oil price drops and debt concerns.

MarketBeat · Apr 15, 2025