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The Latest Breaking News from Oil

Sweden confiscates false-flagged Russian 'shadow fleet' ship, prosecutors say

Russia has reportedly built up a flotilla of old oil tankers of opaque ownership to get around sanctions imposed by the European Union.

Euronews

FTSE 100 closes lower as drugs firms GSK and AstraZeneca struggle

Evening Standard

Ukraine war briefing: Drone strike sparks ‘massive’ fire at Russian oil refinery

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The Independent UK

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Middle East war boosts oil giants’ profits as 'households pay the price'

Oil giants have posted "exceptional" profits as war in the Middle East drives up crude prices, fuels global supply fears and creates trading opportunities – handing some of the world’s biggest energy companies a financial boon while consumers face rising costs.

Radio France Internationale

UAE’s departure from Opec tells a story about the limited future of oil production

The decision by the United Arab Emirates to leave the oil producers’ cartel Opec after 59 years is more than a symbolic break. It highlights a growing divide among major oil producers over how to respond to a changing energy landscape, and will weaken the group’s ability to manage global…

The Conversation

Crude Prices Soar on Prospects for Prolonged Closure of Hormuz

June WTI crude oil (CLM26 ) today is up +5.18 (+5.18%), and June RBOB gasoline (RBM26 ) is up +0.1502 (+4.38%). Crude oil and gasoline prices extended this week's sharp rally today, with crude oil posting a 2-week high and gasoline posting a 3.75-year high. Crude prices continue to climb...

Barchart

Stocks Mixed After Divided Fed Holds Rates Steady

The S&P 500 Index ($SPX ) (SPY ) today is down -0.36%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. June E-mini S&P futures (ESM26 ) are down -0.28%, and June E-mini Nasdaq futures...

Barchart

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Why omega-3s may be vital to getting the most out of your daily workouts

Most people know omega-3 fish oils are good for health – especially heart health. But what many people might not realise is that these friendly fats can also be beneficial to your workouts.

The Conversation

Canada just launched a $18B war chest to break free from Trump’s economic bullying and it’s already got Wall Street sweating

Canada just dropped a financial nuke on its economic dependence with a new $18 billion sovereign wealth fund, and Wall Street is already feeling the heat. Prime Minister Mark Carney announced the Canada Strong Fund this week, a government-owned investment vehicle designed to pump money into energy, infrastructure, mining, agriculture,…

The Mary Sue

Gas just hit $4 because Donald Trump picked a fight he can’t finish and your tank is paying his tab

Gas prices in the U.S. just hit their highest level in four years. The average gallon of gas now costs $4.17, according to AAA data released on April 28, 2026. That’s a $1.19 jump since the war with Iran kicked off on February 28, marking a 28% increase in just…

The Mary Sue

Pete Hegseth doubles down on Trump’s ‘Epic Fury’ disaster, implies allies should be grateful

Pentagon chief Pete Hegseth just called the Iran war a “gift to the world” implying that America’s allies should be grateful for the global oil crisis it triggered. Speaking on April 24, 2026, Hegseth framed the conflict as a historic favor from the administration, insisting that other nations should step…

The Mary Sue

The Crude Reality: Pullback Creates High-Conviction Opportunity in Chevron

Recent market pullbacks in the energy sector and in Chevron's stock price may present a compelling entry point for investors seeking long-term value.

MarketBeat

Dollar Climbs on Strong US Economic News Ahead of FOMC

The dollar index (DXY00 ) today is up by +0.24%. Today's better-than-expected US economic news on Mar housing starts and Mar core capital goods new orders is supporting gains in the dollar. Also, today's +4% jump in crude oil prices increases inflation expectations, a hawkish factor for Fed policy, and...

Barchart

Stocks Pressured as Soaring Crude Prices Raise Inflation Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.20%. June E-mini S&P futures (ESM26 ) are down -0.15%, and June E-mini Nasdaq futures...

Barchart

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International Business Times

Oil Keeps Rising As Strait Of Hormuz Remains Closed; Brent Crude Tops $116

Oil kept rising on Wednesday as the Strait of Hormuz remains closed, preventing the passage of almost a quarter of the world's energy while hostilities between the U.S. and Iran continue.

Axios

Scoop: Trump huddles with oil execs as Iran stalemate drags on

The unprecedented Middle East supply disruption is boosting commodity prices and creating a mix of opportunity and peril for the industry.

Euronews

Logistics pressure builds across Caspian-Central Asia corridor as trade routes evolve

The Caspian-Central Asia corridor is facing growing strain as rising trade volumes outpace existing pipelines, rail and port capacity, while the Middle Corridor gains relevance as an alternative route between Asia and Europe.

Fortune

Current price of oil as of April 29, 2026

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

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The Guardian - US

US gas prices hit $4.23 high as Hormuz fears drive oil surge

Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022

The Independent UK

Indian government calls on people to use electricity before 5pm amid energy crisis

South Asian nation depends on imports for bulk of its oil and gas needs

Medical Daily

Best Ways to Get Rid of Acne and Prevent Breakouts Naturally: Clear Skin Tips That Work

Prevent acne naturally with clear skin tips, acne treatment habits, and daily routines to remove acne and reduce future breakouts safely.

Barchart

Cotton Falling Back on Wednesday

Cotton are trading with early Wednesday losses of 50 to 60 points. Futures found late strength on Tuesday, with contracts up 1 to 14 points in most front months. The US dollar index was back up $0.162 at $98.480. Crude oil was extending higher, up $3.26 to $99.63. NASS Crop...

Euronews

Deutsche Bank, Santander and UBS profits rise amid market impact from Iran war

Three of Europe’s biggest banks delivered record or above-forecast profits on Wednesday. TotalEnergies posted strong earnings, while Mercedes-Benz turned more cautious as collapsing China sales and geopolitical uncertainty weighed on the outlook.

The Independent UK

UN warns of famine in South Sudan: ‘We are witnessing a deadly downward spiral’

A doctors also tells The Independent that there is no electricity at the hospital they work at because there is no fuel – and surgeons have performed caesarean sections with almost no medicines

inkl

The 2026 OHS Crackdown: Why Calgary's Oil & Gas Sector Is Overhauling Safety Training

Alberta’s 2026 Occupational Health and Safety (OHS) changes are sending shockwaves through Calgary's corporate energy sector. With stricter penalties and updated mandates, top-tier oil and gas companies are realizing that reactive safety measures are no longer enough to protect their workers or their bottom lines.

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