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The Latest Breaking News from Oil

Premium Petrol Prices Increased by Over ₹2 Amid Global Oil Surge

State-run oil marketing companies on Friday announced an increase of over ₹2 per litre in the price of premium-grade petrol, while leaving the prices of regular petrol and diesel unchanged.

Whats Hot

Corpus Christi’s crucial refineries look for alternate water supplies amid looming water crisis

The city produces 5% of the nation’s refined products like gas and jet fuel, and experts say a serious water shortage could force production down and push fuel prices up even further.

The Texas Tribune

Iran tells Cooper UK letting US use bases is ‘participation in aggression’

Abbas Araghchi criticised the ‘negative and biased approach of Britain’.

Evening Standard

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‘Europe learned the wrong lesson’ by doubling down on fossil fuels while India and China went green

Countries that invested in renewable energy in 2022 are better able to withstand the current fuel crisis, experts say.

Euronews

Oil and gas prices ease back in calmer markets but volatility remains

UK natural gas prices fell 2% lower in early trading on Friday, having jumped more than a fifth higher on Thursday.

Evening Standard

Trump lashes out at Nato allies as 'cowards' as UK dragged into his Iran war for allowing US planes to use RAF bases

The US president has previously singled out Britain for particularly strong criticism

Evening Standard

FTSE 100 loses all its 2026 gains as Middle East conflict hits shares, and UK borrowing costs reach highest since 2008 – as it happened

Money markets predict three quarter-point rises in UK interest rates this year, due to inflation shock from higher oil and gas prices

The Guardian - UK

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FTSE 100 Live 20 March: Index retreats amid $110 oil, Wetherspoon shares slump

A turbulent week for global markets today ended with Brent Crude near $110 a barrel and the FTSE 100 index back under pressure.

Evening Standard

US bombers fly from Britain to join Hormuz battle as Trump slams UK for being 'too slow'

It comes amid reports the US could deploy ground troops against Iran after weeks of strikes

Evening Standard

From black rain to marine pollution, the war in Iran is an environmental disaster

In this week’s newsletter: with US-Israeli strikes hitting oil refineries, military bases and nuclear facilities, monitors are warning that the conflict will have devastating effects

The Guardian - UK

For CEOs, it’s time for a wartime mindset

The Iran war may end, but global instability is here to stay. Business leaders who plan for volatility will have the edge.

Fortune

Five European nations and Japan ready to 'contribute' to securing Hormuz

The conflict around the Strait of Hormuz is starting to draw in global powers, as disruptions to shipping and energy flows raise concerns about wider economic fallout.

Euronews

Work from home and slow down on the road: world’s energy watchdog advises emergency measures as oil prices rise

IEA makes 10 recommendations to help households and businesses prepare for a drawn-out disruption to energy markets

The Guardian - AU

The Iran oil shock: Who pays the most fuel tax in Europe?

Fuel prices across Europe are soaring, with taxes making up more than half of the cost at the pump in many countries. Euronews Business examines how differences in taxes mean motorists in some countries now pay far more at the pump than others.

Euronews

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The Independent UK

The 12 viral TikTok egg recipes everyone is trying right now

From Korean soy-marinated ‘mayak’ eggs to Cajun egg boils and Japanese tamago kake gohan, TikTok has turned the humble egg into one of the internet’s most viral ingredients. Here are the 12 egg trends currently taking over social media – and how to make them at home

The Independent UK

Iran hits Kuwaiti oil refinery and explosions boom over Tehran from Israeli attack

A Kuwaiti oil refinery has been hit as Iran launches new attacks on regional energy infrastructure

Livingetc

Okay, I've Been Seriously Overlooking Soho Home as a Place to Buy Original Art — And No Curator Required, the Hard Work Has Been Done for You

Finding stylish, original artwork for your home is easier than ever with this shoppable curation

The Independent UK

The war in Iran raises pressure on Ukraine while Russia prepares new offensives

With U.S.-brokered Ukraine peace talks on hold due to the war in the Middle East, Russian President Vladimir Putin is expected to try to expand his military gains via new offensives against his southern neighbor that will put even more pressure on Kyiv

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The Independent UK

Oil prices ease and Asian shares are mixed as energy supply worries over Iran war remain

Asian shares have been mixed following losses on Wall Street, and oil prices have pared earlier gains on the intensifying Iran war, falling back to around $107 per barrel after briefly surging to about $119 a barrel on Thursday

The Times of India

Iran continues targeting energy sites: Key Kuwait oil refinery on fire again after drone strike

Kuwait's Mina Al-Ahmadi oil refinery faced another Iranian drone attack on Friday. Fires erupted at several units. This follows a similar incident a day earlier. Firefighters are working to control the blaze. The attacks are part of a wider escalation in the Gulf region. Energy supplies and global markets are…

The Guardian - AU

‘Really significant’: analysts warn top fuel suppliers could cut exports to Australia

Energy minister says he is not aware of any cuts to imports from Malaysia, but expert says warnings are ‘really significant’

The Independent UK

Energy fallout from Iran war signals a global wake-up call for renewable energy

The Iran war is exposing how much the global economy still depends on fragile fossil fuel supplies

The Conversation

Why Middle East gas field attacks could send energy prices soaring

Israel’s bombing of Iran’s South Pars gas field has sent shockwaves through global energy markets.

The Independent UK

Iran-US war latest: Tehran threatens to ‘completely close’ Strait of Hormuz after Trump issues 48-hour ultimatum

Donald Trump’s 48-hour ultimatum over the Strait of Hormuz has been met with threats from Iran

The Times of India

New video shows moment Iranian missiles struck Haifa refinery, Israel’s largest oil hub

A video has emerged of Iran's missile strike on an oil refinery in the Israeli port city of Haifa, as the Middle East war entered its 21st day on Friday.

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