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The Latest Breaking News from Oil

What Did Diddy Use All That Baby Oil For? The Internet Has Theories — But Its Benefits Might Surprise You

A photo showing rows of baby oil in Diddy's bathroom, released amid a federal investigation, went viral online—sparking memes and wild speculation.

International Business Times UK

Occidental Petroleum Stock Is Slipping Tuesday: What's Going On?

Occidental Petroleum Corp (NYSE:OXY) shares are trading lower as oil prices fall Tuesday amid Iran-Israel ceasefire efforts.

Benzinga

Weakness in Crude Oil Weighs on Sugar Prices

July NY world sugar #11 (SBN25 ) Tuesday closed down -0.27 (-1.68%), and August London ICE white sugar #5 (SWQ25 ) closed up +0.50 (+0.11%). Sugar prices on Tuesday settled mixed, with NY sugar slumping to a 4-year nearest-futures low. Tuesday's -5% plunge in crude prices (CLQ25) weighed on sugar...

Barchart

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‘Great Honor to make this happen’: Donald Trump now helping Iran sell oil, and Adam Kinzinger wonders what timeline we’re in

Trump says "China first" when it comes to Iranian crude.

We Got This Covered

Daniel Hannan Day celebrates his chronicle of Brexit idiocy foretold

Back in 2016, Dan prophesied about what the post-EU sunlit uplands would be like on this very day – no spoiler alert needed

The Guardian - UK

Crude Oil Falls Sharply; US Current Account Deficit Widens In Q1

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 1% on Tuesday.

Benzinga

Sugar Prices are Undercut by Lower Crude Oil Prices

July NY world sugar #11 (SBN25 ) today is down -0.26 (-1.62%), and August London ICE white sugar #5 (SWQ25 ) is down -0.80 (-0.174%). Sugar prices are under pressure today, with NY sugar slumping to a 4-year nearest-futures low. Today's -5% plunge in crude prices (CLQ25) is weighing on...

Barchart

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FTSE 100 underperforms despite Iran-Israel hope

The FTSE 100 index closed up just 0.95 points at 8,758.99.

Evening Standard

Cut to energy bills for businesses is ‘short-term fix’, industry boss claims

David Whitehouse of Offshore Energies UK claimed the move from the UK Government would offer ‘respite’ for some firms but was a ‘short-term fix’.

Evening Standard

Crude Prices Tumble as Geopolitical Risks Ease in the Middle East

August WTI crude oil (CLQ25 ) today is down -3.34 (-4.88%), and August RBOB gasoline (RBQ25 ) is down -0.0930 (-4.23%). Crude oil and gasoline fell sharply today to 1-1/2 week lows after President Trump announced a ceasefire in the Israel-Iran conflict, reducing concerns about a disruption to Middle Eastern...

Barchart

Turkey is stepping up its influence in west Africa – what’s behind its bid for soft power

Turkey is stepping up its influence in west Africa as the geopolitical and economic landscape in the region shifts. In Senegal, the state-owned Turkish Petroleum Corporation has entered a key partnership in the oil and gas sector. Meanwhile, Karpowership, a company providing electricity via floating power plants, now supplies energy…

The Conversation

New package of Russia sanctions runs into trouble ahead of high-stakes EU summit

A downward revision of the price cap on Russian oil is considered essentially dead after a disappointing G7 summit and the Israel-Iran conflict.

Euronews

Should you be taking cod liver oil supplements? Health benefits explained

Cod liver oil has been used for centuries to support all-round health, but is it still worth taking?

The Independent UK

Glasgow pension fund urged to divest from fossil fuels and Gaza-linked firms

PROTESTORS staged a demonstration outside of Glasgow City Chambers on Tuesday to call on the Strathclyde Pension Fund to cease investments in…

The National (Scotland)

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Benzinga

Market Rally Deceptive? Analysts Flag 3 Major Headwinds Investors Must Watch Now: 'Plenty Of Risk...'

As markets hold steady despite rising geopolitical tensions, top strategists are urging caution that ignoring key risks may expose investors to short-term shocks and a potentially deeper market correction.

Fortune

Investors liked the peace but they love war even more, asset markets are saying today

Investors are unconcerned about major oil disruptions, reasoning that Iran is unlikely to close the Strait of Hormuz and harm its own economy.

The Independent UK

Diddy’s lawyers to offer unusual defense involving Iran in closing statement, report says

Diddy’s attorneys could allegedly argue that Homeland Security should focus on ‘the escalating conflict with Iran’ not ‘what Diddy is doing with baby oil’

Evening Standard

UK oil and gas industry welcomes talk of ceasefire in Middle East

The chief executive of Offshore Energies UK said there has already been a drop in oil prices.

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The Independent UK

World shares rally after Trump announces what appears to be a shaky Israeli-Iran ceasefire

Stock markets have rallied and oil prices fell after U.S. President Donald Trump announced what appears to be a shaky ceasefire in the Israel-Iran conflict

The Independent UK

Oil prices drop sharply following announcement of Iran-Israel ceasefire

Brent Crude has dropped back to under $68 a barrel

Evening Standard

Oil price falls back on Israel-Iran ceasefire

The cost of crude dropped sharply, having jumped to a five-month high on Monday, while the FTSE 100 Index was also making gains.

Evening Standard

FTSE 100 Live 24 June: Relief rally for global markets, oil giants limit index upside

The FTSE 100 index trailed European benchmarks today as weaker energy and safe haven stocks offset the boost of the Iran-Israel ceasefire announcement.

Euronews

Oil price drops, shares jump as Trump announces Israel-Iran ceasefire

Stocks rose and oil prices fell on Tuesday after President Trump said Israel and Iran had agreed to a ceasefire.

The Guardian - UK

Bank of England governor Andrew Bailey warns Trump trade wars are creating unpredictability; UK restricts steel imports – as it happened

Bailey says the BoE doesn’t know how trade wars will play out, as UK brings in new restrictions on steel imports

The Guardian - AU

Is selling off Santos to a foreign buyer in Australia’s national interest? First, define national interest

The prospect of handing control of the energy company to overseas buyers has raised a series of concerns. But many of them are nebulous

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