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The Latest Breaking News from Oil

23 Hyperrealist Paintings By Ian Cumberland Packed With Surreal Details And Hidden Meaning

Ian Cumberland’s paintings may look almost photographic at first, but the longer you stare, the stranger they become. Blending hyperrealist technique with surreal imagery, retro interiors, television screens, artificial lighting, and carefully staged figures, the Northern Irish artist creates scenes that feel both nostalgic and distinctly uneasy. Behind their meticulous…

Bored Panda

BP Is Selling Another Green Energy Business. Strong Oil Prices Help Drive Best Profit Since 2022

In its earnings statement, CEO Meg O'Neill said BP is taking a fresh look at the business to improve performance, reduce complexity and strengthen areas that generate stronger financial returns,

International Business Times

How to turn unwanted anchovy tin oil into salsa verde – recipe

This powerhouse ingredient injects umami and depth of flavour into a simple green sauce. Come on, chop-chop!

The Guardian - UK

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SNP 'more extreme' on oil and gas than Donald Trump, say campaigners

THE SNP have a “more extreme” position on oil than Donald Trump, according to an environmental pressure group.

The National (Scotland)

Trump says deal to reopen Strait of Hormuz could come as early as Wednesday

President Trump indicated a deal to reopen the Strait of Hormuz could happen soon. Hopes for a deal eased oil prices as shipping hopes increased. Attacks on shipping in the Red Sea and Strait of Hormuz continued. Iran and Oman are reportedly discussing routes for safe shipping lanes. Progress has…

The Economic Times

Zack Polanski in oil and gas challenge to Andy Burnham amid drought and wildfires

ZACK Polanski has challenged Andy Burnham to stick to Labour’s manifesto promise to ban new oil and gas projects as he spoke alongside a former…

The National (Scotland)

Rupee hits one-month closing high as oil slide outweighs RBI pause

On Wednesday, the Indian rupee climbed to its highest point in a month, bolstered by a dip in crude oil prices that fueled early gains. Although the Reserve Bank of India's decision to maintain rates restricted further growth, analysts pointed out that immediate support lies around 94.75 with resistance levels…

The Economic Times

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Bitcoin stabilizes above $64K as macro sentiment improves; Ethereum recovery remains weaker

Bitcoin stabilised above $64,000 as easing geopolitical tensions, lower oil prices, softer US Treasury yields and a weaker dollar improved risk appetite. Ethereum lagged the recovery, while analysts said weak institutional flows and cautious positioning continue to limit crypto gains.

The Economic Times

Current price of oil as of Aug. 5, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

India may charge gas users to fund planned $42 billion fuel reserves, sources say

India is considering levies on cooking gas and natural gas consumers to fund a proposed $42 billion multi-fuel strategic reserve programme aimed at strengthening energy security after supply disruptions during the Iran conflict. The plan would expand strategic reserves beyond crude oil to include LNG and LPG storage for the…

The Economic Times

After decades of toxic pollution, a school of rays spotted in one of New York City's dirtiest waterways, raising hopes the cleanup is paying off

A school of cownose rays was recently spotted swimming in New York City's Newtown Creek. This waterway has long been associated with significant industrial pollution and a major oil spill. Conservationists view this sighting as a hopeful sign of environmental restoration efforts. While scientists caution against definitive conclusions, other wildlife…

The Times of India

Omar Musa wins Miles Franklin literary award for ‘tour de force’ novel Fierceland

The novelist, poet and rapper won $60,000 for his novel about two siblings who reckon with the legacy of their late father, a palm oil baron in Malaysian Borneo

The Guardian - AU

Stock Market: Will S&P 500 Open Up or Down Today?

The S&P 500 surged to a fresh record close on Tuesday as strong corporate earnings, easing oil prices and optimism over a potential breakthrough between the U.S. and Iran fueled another broad-based rally. Polymarket traders are now overwhelmingly betting the benchmark will extend those gains at Wednesday’s open.

Benzinga

White House set to extend Jones Act waiver as Trump hunts for cheaper gasoline

The White House plans to extend a Jones Act waiver to reduce gasoline prices. This waiver increases shipping flexibility and eases transport bottlenecks for fuel. President Trump is increasing pressure on oil companies to lower prices for consumers. Critics argue the waiver benefits foreign operators and undermines domestic maritime interests.…

The Economic Times

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Tom’s Guide

The 48-hour water trick that brought my heat-stressed lavender’s smell back

Is your lavender fading in the heat? High temps drain essential oils fast. Here's the fix to restore your plant's aroma in 48 hours.

The Guardian - UK

Cost of filling up a tank of diesel reaches £100, as oil prices rise back above $80 a barrel again – as it happened

UK economy strengthens as service sector returns to growth and car sales jump

The Economic Times

India bonds jump as oil crashes, dovish RBI may further boost rally

Indian government bonds saw a notable rise on Wednesday morning, propelled by falling oil prices that created a favorable outlook for inflation prior to the upcoming RBI policy announcement. The Reserve Bank of India is anticipated to hold steady on key interest rates. Inflation projections will significantly inform the central…

The Economic Times

Gold prices rise Rs 3,000/ 10 grams, silver jumps Rs 8,400/kg in 2 days on Iran peace deal hopes. What should you do?

Gold and silver prices extended gains for a second straight session as easing oil prices and hopes of a U.S.-Iran peace deal lifted sentiment. Gold has risen Rs 3,000 per 10 grams and silver Rs 8,400 per kg in two days. Here's what experts recommend for traders.

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The Economic Times

Jet fuel made from tropical fruit gets $3 billion backing

Researchers in Brazil are pioneering the use of macauba palm oil as a sustainable aviation fuel alternative. This groundbreaking project focuses on replanting large tracts of degraded land with macauba trees.

The Independent UK

Iran-US war latest: Trump claims Strait of Hormuz is ‘sort of open’ and predicts Tehran will seek peace soon

US president tells reporters in Oval Office: 'I don't think they [Iran] can go much longer'

The Economic Times

RBI MPC Meeting 2026: Crude oil volatility remains key inflation risk

RBI MPC Meeting 2026 Crude Oil Price Impact on Inflation: The central bank warns volatile crude oil prices pose inflation risks. Geopolitical tensions cloud the near-term outlook for price stability. The central bank kept its repo rate unchanged at 5.25 percent. India's inflation projection for FY27 was lowered to five…

The Economic Times

Why RBI MPC left repo rates unchanged for fourth consecutive time in August policy

RBI Repo Rate: The Reserve Bank of India kept its benchmark repo rate steady at 5.25%. Policymakers cited rising food and fuel costs as the primary inflation drivers. Global geopolitical tensions and volatile oil prices pose significant risks. Domestic economic growth remains resilient despite external headwinds. The central bank awaits…

The Economic Times

Global Market: Japan's Nikkei jumps over 3% as AI stocks rally, upbeat earnings lift sentiment

Japan’s Nikkei surged over 3%, led by AI-related stocks tracking Wall Street’s overnight rally. Strong corporate earnings and upgraded forecasts further lifted sentiment, while softer oil prices and lower US Treasury yields also supported markets amid hopes of an Iran-related deal.

The Independent UK

Oil prices ease and Asian shares gain on hopes for Mideast deal, as companies report strong profits

Asian shares have surged and oil prices slipped after the U.S. stock market rallied to records

The Guardian - UK

Angela Hartnett’s Italian summer recipes: grilled peaches, green beans and mozzarella, and gnudi in tomato sauce

Two inspiring summer dishes to enjoy in the sunshine

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