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The Latest Breaking News from Oil

UK interest rates could go back above 4% if energy shock persists, Niesr warns

The National Institute of Economic and Social Research said the Bank of England will have to contend with a ‘shock’ to energy costs.

Evening Standard

Experts tell UK households to fix energy bills now amid Iran war price hike fears

Nearly 60 energy deals have already been removed or changed, experts warn

The Independent UK

Bitcoin Rockets Past $71,000 Despite Geopolitical Turmoil

The rally in digital assets came alongside gains in traditional financial markets, with equity prices also recovering ground.

International Business Times

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Scrapping windfall tax on oil and gas is ‘utterly essential’, Swinney insists

The Scottish First Minister spoke out ahead of a meeting between Chancellor Rachel Reeves and North Sea leaders.

Evening Standard

Saudi Arabian Oil Co. (Saudi Aramco) Shares Dip Modestly in Early Trading Ahead of Key Earnings Release

RIYADH, Saudi Arabia — Shares of Saudi Arabian Oil Co., widely known as Saudi Aramco, edged lower in early trading on the Tadawul exchange Tuesday, reversing some of the previous session's gains as investors positioned ahead of the company's full-year 2025 earnings report later this week.

International Business Times

What are Europe's oil route alternatives to the Strait of Hormuz?

Many European countries like Italy, Greece, Spain, Poland and Belgium rely on the Strait of Hormuz for imports or refining. Experts say the closure of this corridor will not cut off Europe’s oil supply, but will continue to drive up oil prices and disrupt markets.

Euronews

Britain’s economic growth to be weakest in a century outside of pandemic and WWII, think tank warns

The UK’s top two economic think tanks – the Resolution Foundation and the Institute for Fiscal Studies – have issued dire warnings over economic growth and borrowing a day after Rachel Reeves delivered her spring statement

The Independent UK

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Stock Index Futures Higher as Investors Digest U.S. ADP Jobs Report

March S&P 500 E-Mini futures (ESH26) are up +0.38%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.58% this morning, giving up earlier gains after U.S. Treasury Secretary Scott Bessent said a proposed 15% global tariff could take effect this week.

Barchart

Passage denied: Oil and gas prices swing wildly as Hormuz crisis drags on

Oil prices are climbing, albeit at a slower pace, as the US and Israel's war with Iran enters its fifth day, with little to ease concerns over the safety of the Strait of Hormuz — a vital artery for the global energy supply.

Euronews

5 Mistakes to Avoid in Oil and Gas Investing (Plus, 6 Ways to Stay Focused)

The nature of energy markets exacerbates unhelpful behaviors. Understanding the psychology of oil and gas investing can help you make smarter decisions.

Kiplinger

South Korean stocks suffer worst day on record amid Iran war shocks

Asian markets suffered heavy losses on Wednesday, with South Korea’s main index (Kospi) plunging more than 12%, recording its worst single-day decline in history as the widening conflict in Iran continues to disrupt global markets.

Euronews

War in Middle East ‘could wipe out growth in UK living standards’

Rising oil and gas prices may affect increase of £300 a year for typical working-age households, says leading thinktank

The Guardian - UK

Calm returns to markets in Europe but oil prices climb higher on Iran war

Brent crude lifted another 3% at 84.5 US dollars a barrel at one stage – its highest level since July 2024.

Evening Standard

Why Khamenei’s death could become Trump’s most expensive victory

President Trump's decision to eliminate Iran's Supreme Leader Ayatollah Ali Khamenei has dramatically altered the Middle East. While a tactical victory, the move has triggered regional missile exchanges and rising oil prices. Analysts warn that removing Khamenei, who controlled escalation, may lead to a more unpredictable and volatile Iran, posing…

The Times of India

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Times Pets

Indoor Safe Holi Ideas For Families With Pet

Use pet friendly colors A family celebrating Holi with flowers and decorations instead of chemical powders, ensuring their pet’s safety. Human colors are extremely toxic for pets, even the organic ones you get in the market, do not use them on any animals. If you must, you can use turmeric,…

The Independent UK

Iran war today: What happened in Middle East overnight as Israel launches ‘broad wave’ of strikes

The Israeli military says it launched a “broad wave” of strikes in Tehran early on Wednesday, targeting “the Iranian terror regime’s launch sites, aerial defence systems and additional infrastructure”. The Pentagon has named the first four American personnel killed in the widening conflict; they are Capt Cody A Khork, 35,…

Evening Standard

Rachel Reeves in emergency talks with oil and gas chiefs amid warning of £500 rise in energy bills

Fears are growing that Donald Trump’s Iran war will push up energy bills in Britain

Barchart

How Is Occidental Petroleum's Stock Performance Compared to Other Oil & Gas E&P Stocks?

Due to Occidental Petroleum’s underperformance compared to its peers over the past year, Wall Street analysts remain cautious about the stock’s prospects.

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Evening Standard

FTSE 100 Live 04 March: Oil price higher but index steady, Vistry shares slump

Brent Crude oil prices today continued to rise amid the escalation of the Middle East conflict.

The Guardian - UK

Middle East conflict offers economic lifeline to Russia’s flagging war machine

With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and India

The Guardian - UK

Stuffed peppers and aubergine dip: Sami Tamimi’s recipes for savoury Palestinian snacks

Peppers stuffed with freekeh, lamb and spicy tomato sauce, and a classic Levantine aubergine dip with preserved lemon and dill

The Independent UK

The Latest: Explosions heard in Tehran and Jerusalem on fifth day of war

Explosions are sounding in Iran’s capital city as its war with the U.S. and Israel enters a fifth day

The Guardian - UK

European stock markets rally after report of ‘secret outreach’ by Iran to try to end war

UK’s FTSE 100 up by more than 50 points, while pan-European Stoxx 600 share index rises 1.2%

The Conversation

Australian economy picks up speed, but managing inflation and rates is getting harder

Australia’s economy grew at its fastest annual rate in almost three years in the December quarter, rising 2.6%, although this is still modest growth by historical standards.

The Texas Tribune

Bo French, Jim Wright head to runoff for seat on Texas Railroad Commission

The Texas Railroad Commission is responsible for regulating the state’s oil and gas industry. The election included a clash over China and diversity rules.

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