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The Latest Breaking News from Oil

The U.S. Energy Information Administration expects nationwide retail gasoline prices to average near US$4.30 a gallon for April 2026 – the highest monthly average of the year. The political response has been familiar. Georgia has suspended its state gas tax, other states are weighing their own tax holidays, and the…

The Conversation

The UAE’s OPEC exit signals strategic shift as Gulf unity faces new test over oil policy

The UAE's exit from OPEC signals a strategic shift, raising questions about Gulf coordination and the organisation's future.

Euronews

What are Trump’s options for Iran after ‘final blow’ briefing?

The United States is said to be weighing its options, with the conflict no closer to formally ending

The Independent UK

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read the most diverse news in one place.

Alcohol-Free Fragrances Are Everywhere In 2026, From Body Mists to Solid Oils

Scent experts break down our current alcohol-free obsession.

Marie Claire

Fuel price rises caused by cost of oil rather than retail margins – watchdog

The Competition and Markets Authority said fuel margins have been ‘broadly unchanged’ since the start of the war in the Middle East.

Evening Standard

War in the Gulf and on US free speech

Brent crude oil surged to US$126 (£94) a barrel after US president Donald Trump announced that he was willing to prolong the blockade of Iranian ports for “months if needed”. This conflict has been billed as a matter of who can absorb the most pain. And Trump is betting on…

The Conversation

‘Apocalyptic conditions’ after Ukrainian strikes on Russian oil refinery

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The Independent UK

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Commercial LPG Prices Surge for Third Month Amid Global Energy Spike

Commercial LPG cylinder prices have witnessed a sharp increase for the third month in a row, driven by rising global energy costs linked to ongoing tensions in West Asia and disruptions in key supply routes.

Whats Hot

Ukraine-Russia war latest: Putin’s forces launch daytime assault on Ukrainian city with hundreds of drones

Over 400 drones were launched at the country in broad daylight

The Independent UK

How LNG interests are seeking to disrupt global talks on decarbonising shipping

Observers say pressure on IMO negotiations appears to be linked to countries that have invested heavily in liquefied natural gas

The Guardian - UK

Germany’s climate U-turn is the worst possible response to the oil shock

Prices at the pump have leapt since the start of the conflict – but clinging to fossil fuels will only prolong the pain, says Berlin-based journalist Tania Roettger

The Guardian - UK

Asian shares gain with most markets closed for May Day, while oil holds steady at $111 a barrel

Shares are higher in Asia, though most markets in the region are closed for May Day holidays

The Independent UK

Australian shares snap eight-session run of losses

The ASX has ended the week on a positive note, buoyed by strong US earnings despite ongoing uncertainty over the Gulf energy crisis.

AAP

Ukraine war briefing: Kyiv claims victory over ‘shadow grain fleet’ shipment to Israel

Panama-flagged Panormitis turns away without unloading as Kyiv vows to treat carriers of ‘stolen’ grain the same as Russian oil tankers. What we know on day 1,528

The Guardian - AU

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Homes & Gardens

Grill Experts Warn – Don’t Fire Up Your BBQ Until You Do This One Free Thing (Or Risk Rust)

Skipping the seasoning of your cast-iron grates could ruin them altogether

AAP

Australia will avoid recession, despite global jitters

One of the big four banks has delivered encouraging news about Australia's chances of avoiding a recession, which could still emerge in the global economy.

Barchart

Cotton Sees Front Month Limit Gains on Thursday

Cotton futures closed the Thursday session gains of the 3 cent limit in July, with in delivery May up 3 cents. Most other contracts were 102 to 254 points higher. The US dollar index was down $0.877 at $97.950. Crude oil was back down $1.47 to $105.41. USDA’s Export Sales...

Barchart

Soybeans Close with Mixed Trade on Thursday

Soybeans bounced off early session lows on Thursday to close with contracts down ¼ to 1 ½ cents in old crop contracts and up 1 3/4 to 3 cents in the new crops. The cmdtyView national average Cash Bean price was down 2 1/4 cents at $11.23 1/4. Soymeal futures...

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The Independent UK

Trump gives go-ahead to major new Canada-US oil pipeline

President Donald Trump has granted a key approval to a major new pipeline that would move oil from Canada into the central U.S. The three-foot-wide Bridger Pipeline Expansion would carry up to 550,000 barrels of oil a day from the Canadian border with Montana down through eastern Montana and Wyoming,…

Barchart

S&P 500 and Nasdaq 100 Rally to Record Highs on Earnings Optimism

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.62%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.98%. June E-mini S&P futures (ESM26 ) rose +1.01%, and June E-mini Nasdaq futures...

The Independent UK

High oil prices due to the Iran war weigh on everything from the gas pump to consumer goods

As the Iran war enters its third month, consumers are paying for its disruption of worldwide energy production

Barchart

Dollar Weakens as Japan Intervenes in Forex Market to Support the Yen

The dollar index (DXY00 ) on Thursday tumbled to a 1.5-week low and finished down by -0.95%. Thursday’s +2% rally in the yen weighed on the dollar after the Nikkei reported that the Japanese government and the BOJ conducted yen-buying operations. Earlier on Thursday, Japanese Finance Minister Satsuki Katayama warned...

Barchart

Let’s Get This Strait: Ignore Energy Prices at Your Own Peril (and 3 ETFs to Buy Now)

In a market defined by geopolitical blocks and supply shocks, the winners are those who own the one thing the world can’t live without: Power.

International Business Times

Experts Push Back Against Trump's Claims that Iran's Oil Infrastructure Could 'Explode' Soon

President Donald Trump's claim that Iran's oil pipelines could soon "explode" under pressure from a U.S. blockade is drawing skepticism from energy analysts.

Barchart

Crude Oil Prices Retreat on Signs of Weaker Global Energy Demand

June WTI crude oil (CLM26 ) on Thursday closed down -1.81 (-1.69%), and June RBOB gasoline (RBM26 ) closed up +0.0228 (+0.63%). Crude oil and gasoline prices settled mixed on Thursday, with gasoline soaring to a 3.75-year high. Crude oil gave up an early advance and fell sharply on Thursday...

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