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The Latest Breaking News from Oil

Australia to dodge United States' inflation uptick

Australia is unlikely to experience the same inflation upturn troubling the United States, though not all economists agree Australia is better off.

AAP

Oil price falls despite Middle East tensions; Tesla ‘to cut 10% of staff’; Goldman Sachs profits jump – as it happened

Brent crude dips to $90 per barrel as markets monitor Israel-Iran, while 14,000 jobs could be cut at Tesla

The Guardian - UK

Asia Stocks Pull Back Amid Middle East Tensions

Asia stocks decline on Middle East tensions, U.S. futures rise, oil prices fall. Iran's strategic response limits market impact.

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Oil Prices Drop Post Iran Attack, Risk Premium Decreases

Oil prices decreased post Iran attack, reflecting reduced geopolitical tensions and market stability.

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Oil Prices Rise After Iran's Attack On Israel

Iran's attack on Israel leads to oil price surge, raising concerns over supply disruptions and market volatility.

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Middle East Tensions, Earnings and Other Key Things to Watch This Week

There were some wild movements in the market last week, CPI came in hotter than expected and tensions continued to escalate overseas spiking the prices of oil and gold.

Barchart

Was there life before lip oil?

Madeleine Spencer certainly doesn’t think so, as she celebrates the speediest way to add some shine

Evening Standard

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Here's What the Inside of Your Engine Looks Like When It's Overfilled With Oil

Your oil shouldn’t look like a milkshake.

Motor1

‘An energy war is being waged’: former oil boss warns of price rises after Ukraine infrastructure attacks

Andriy Kobolyev calls for more weapons after Russia destroys one of Ukraine’s largest power plants

The Guardian - UK

Mideast enters dangerous new phase with Iran’s attack on Israel

NEW DELHI: Israel and allies including the US, UK and France managed to mostly foil an unprecedented attack by Iran on the Jewish state.

The Times of India

Trust me, as a nail technician these are hands down the best manicure and pedicure tools I recommend for at-home use

They'll make your life easier—promise!

Marie Claire

Crippling mortgages and £16 olive oil: how much have UK prices risen in the past two years?

The government might be celebrating falling inflation, but higher prices for goods and services are here to stay

The Guardian - UK

Iran Revolutionary Guard Seizes Cargo Ship Near Strait Of Hormuz

Iran's Revolutionary Guard seized a cargo ship near the Strait of Hormuz, raising concerns for global oil trade security and escalating tensions in the region.

Top News

How to turn stale bread into vegetarian ‘meatballs’ – recipe

Welcome to a win-win vegetarian Italian classic: it’s simple, delicious and makes clever use of old bread

The Guardian - UK

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Brazil Judge Suspends Petrobras Chairman For Conflict Of Interest

Judge suspends Petrobras chairman over conflict of interest, underscoring the importance of ethical governance in the oil industry.

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Russian Oil Stuck On Tankers Due To Iran Sanctions

Russian oil stranded on tankers due to Iran-related sanctions causing disruptions in global oil shipping industry.

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US Increases Fees For Oil And Gas Companies On Federal Lands

US government increases fees for oil and gas companies on federal lands to promote sustainability and address environmental concerns.

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Exploring The Top 10 Global Political Powerhouses

Learn about the top 10 global players - United States, China, Russia, Germany, United Kingdom, France, Japan, India, Brazil, and Saudi Arabia.

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US Stocks Plunge Amid Escalating Middle East Tensions

US stocks plunged on Friday amid Middle East tensions, driving investors to safe havens. Oil prices surged, JPMorgan Chase CEO cited geopolitical turmoil a...

The Guardian - UK

Shell says it ‘lobbies for energy transition’ during climate ruling appeal

Company is fighting Dutch court ruling that says it must emit 45% less CO2 by 2030 than in 2019

Barchart

Crude Prices Underpinned on Rising Geopolitical Risks in the Middle East

May WTI crude oil (CLK24 ) on Friday closed up +0.64 (+0.75%), and May RBOB gasoline (RBK24 ) closed up +2.88 (+1.04%). Crude and gasoline prices Friday posted moderate gains, with crude climbing to a 5-1/2 month high and gasoline climbing to a 7-1/2 month high. Crude prices moved higher...

International Business Times

Biden Rule Hikes Fees For Oil Projects On Public Lands

Oil companies drilling on public lands must post larger bonds and pay higher royalties under a rule finalized Friday by the Biden administration.

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Biden Administration Implements Reforms To Oil And Gas Leasing

Learn about the Biden administration's new rule increasing fees for oil and gas drilling on public lands to promote environmental responsibility and protec...

Latin Times

U.S. and Venezuelan Representatives Meet in Mexico as Sanctions Deadline Approaches Rapidly

Representatives from both governments secretly met this week to discuss Venezuela's elections. The U.S. continues to ponder on whether to reimpose sanctions.

Barchart

Crude Prices Jump on Heightened Geopolitical Risks in the Middle East

May WTI crude oil (CLK24 ) this morning is up +2.15 (+2.53%), and May RBOB gasoline (RBK24 ) is up +6.47 (+2.33%). Crude and gasoline prices this morning are sharply higher, with crude posting a 5-1/2 month high and gasoline posting a 7-1/2 month high. Concern that an escalation of...

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