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The Latest Breaking News from Oil

Persistent Global Surpluses Sink Sugar Prices

May NY world sugar #11 (SBK26 ) on Wednesday closed down -0.37 (-2.67%), and May London ICE white sugar #5 (SWK26 ) closed down -4.70 (-1.11%). Sugar prices gave up an early advance on Wednesday and sold off sharply, with NY sugar sinking to a 5.5-year nearest-futures low. Sugar prices...

Barchart

Sweden foiled pro-Russian cyberattack on thermal power plant in 2025, minister says

Civil Defence Minister Carl-Oskar Bohlin said the aim of the operation was to disrupt the functioning of a facility that supplies heating.

Euronews

How a US blockade on Iran has sanctioned ships turning around

The U.S. Navy is imposing a sea blockade against Iran — the latest escalation in the war that has seen the flow of key energy supplies choked off at the Strait of Hormuz

The Independent UK

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Chevron executive has a blunt idea for Americans dealing with high gas prices: ‘People should drive less’

The oil executive also suggested turning off light switches

The Independent UK

PM cuts short Asian fuel mission after refinery fire

Anthony Albanese will return to Australia early from overseas following a major blaze at one of the nation's two remaining fuel refineries.

AAP

Cotton Rallying on Wednesday

Cotton is rallying on Wednesday with contracts up 90 to 125 points at midday. The US dollar index is $0.063 lower at $97.845. Crude oil is up 55 cents on the day. The Seam showed 5,245 bales sold on 4/14 at an average of 72.10 cents/lb. The Cotlook A Index...

Barchart

Soybeans Popping Back Higher on Wednesday

Soybeans are in rally mode, with contracts 10 to 12 cents higher so far. The cmdtyView national average Cash Bean price is up 11 cents at $10.91 1/4. Soymeal futures are $2.70 to $3.30 high on the day, with Soy Oil futures up 100 to 110 points. NOPA data from...

Barchart

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Sugar Prices Sink on Expectations for the Global Sugar Surplus to Persist

May NY world sugar #11 (SBK26) today is down -0.29 (-2.09%), and May London ICE white sugar #5 (SWK26 ) is down -5.80 (-1.37%). Sugar prices gave up an early advance today and sold off, with NY sugar sinking to a 5.5-year nearest-futures low. Sugar prices have been under pressure...

Barchart

Why Oil Refiners Are the Real Winners of $100 Oil Prices

$100 oil is boosting refiners, not drillers. Discover why Valero, Marathon Petroleum, and Phillips 66 are benefiting from record crack spreads

MarketBeat

Crude Prices Gain on Tighter Global Oil Supplies

May WTI crude oil (CLK26 ) today is up +1.22 (+1.34%), and May RBOB gasoline (RBK26 ) is up +0.0446 (+1.47%). Crude oil and gasoline prices recovered from early losses on Wednesday and moved higher amid the US naval blockade of the Strait of Hormuz, which continues to curb global...

Barchart

US-Iran Peace Optimism Lifts Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.36%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.391%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.63%. June E-mini S&P futures (ESM26 ) are up +0.37%, and June E-mini Nasdaq futures...

Barchart

Bankers Accused in Oil-Linked Fraud Case Remain Jailed in Venezuela Despite Court-Ordered Release, Highlighting Limits of U.S. Influence

The brothers were accused by the Maduro-era government of participating in a $21 billion money-laundering scheme tied to Venezuela's state oil company

Latin Times

US blockade of Strait of Hormuz ratchets up tensions with China ahead of Trump visit to Beijing

The Trump administration’s decision to carry out a naval blockade of the Strait of Hormuz has raised tensions in the Persian Gulf to new and more perilous levels. The move was announced by the US president, Donald Trump, after negotiations over a ceasefire with Iran broke down on April 11,…

The Conversation

The IMF refuses to name the cause of this global chaos. It starts with ‘Donald’ and ends in ‘Trump’

The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages

The Guardian - AU

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The Guardian - AU

Will Qantas and Virgin continue raising fares and cutting routes? This graph may give the answer

Price of jet fuel has climbed by 125% since start of Iran war – giving Qantas and Virgin a big challenge as fuel accounts for a fifth of expenses

We Got This Covered

‘I hope Donald Trump is the Abandoner he has always been’: Bill Maher singing a different tune after cheering Trump’s Iran strikes just 6 weeks ago

He did a 180!

International Business Times UK

Donald Trump Stuns Diplomats by Claiming Xi Jinping Will Give Him a 'Big, Fat Hug' Over Iran Deal

Donald Trump's prediction that Xi Jinping will give him a 'big, fat, hug' over his Iran and Strait of Hormuz strategy collides with Beijing's silence and its public focus on shoring up ties with Moscow.

Barchart

Stocks Supported by US-Iran Peace Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.10%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.15%. June E-mini S&P futures (ESM26 ) are up +0.16%, and June E-mini Nasdaq futures...

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Evening Standard

Reeves warns impact of Iran war on economy will persist once hostilities end

The Chancellor and international counterparts said the conflict had caused ‘unacceptable loss of life’ and ‘significant’ economic turmoil.

International Business Times

U.S. Eases Bank Sanctions On Venezuela As Local Officials Protest Over Low Pay

Policy shift highlights Washington's evolving strategy after Nicolás Maduro's removal and rising pressure on interim leadership.

Fortune

Current price of oil as of April 15, 2026

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

Radio France Internationale

Petrol stations reject French government plan to cap profit margins on fuel

Fuel distributors in France are strongly opposed to a government decree that aims to cap their profit margins as the war in the Middle East continues to drive up prices. Leading retailers warn the measure is hasty and unlikely to bring consumers much relief.

Euronews

Norway’s crude oil exports up 68% in March due to Iran war

Norway’s oil exports jumped significantly in March, pushing revenues to multi-year highs as disruptions from the Iran war and the closure of the Strait of Hormuz drove up prices.

Barchart

Cotton Posting Early Wednesday Gains

Cotton prices are up 83 to 104 points so far on Wednesday morning. Futures closed the Tuesday session with contracts down 11 to 61 points. The US dollar index was $0.278 lower at $97.885. Crude oil was down $7.01 on the day, as reports suggest the US and Iran could...

The Guardian - UK

How the US-Israel war on Iran is affecting African economies

For some, the impact is already being felt but others remain in limbo over their energy security and are hostage to an unlikely de-escalation

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