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The Latest Breaking News from Oil

Sugar Futures Remain Bearish- Can the Sweet Commodity Rally?

World sugar futures have been in a bearish trend since November 2023, making lower highs and lower lows. The price of the continuous ICE futures contract recently probed below 16 cents for the first time since April 2021. However, one factor could cause a recovery over the coming weeks and…

Barchart

Heading to Glastonbury? This £8 ‘bug deterrent’ moisturising oil is the multi-tasking spray you need for silky, protected skin

This could be the easiest way to protect, hydrate and add a sheen to your skin this festival season

Woman & Home

Stocks dip as Bank of England leaves interest rates unchanged

The FTSE 100 index closed down 51.67 points, 0.6%, at 8,791.80.

Evening Standard

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read the most diverse news in one place.

24 Kitchen Helpers That Solve Problems You Text Your Mom About

Let's discover some tools that might just make your time in the kitchen a whole lot more efficient and, dare we say, enjoyable.

Bored Panda

New environmental guidance published for halted North Sea oil and gas projects

Emissions created when fossil fuels are burned will now be taken into account in the wake of a Supreme Court ruling.

Evening Standard

Greenpeace warns of potential environmental disaster as oil tankers collide near Strait of Hormuz

Greenpeace said it had reviewed satellite imagery that showed a plume of oil stretching up to about 1,500 hectares from the crash site.

Euronews

Can the Israeli and Iranian economies survive a war?

Costs of war and damage done since Friday will be expensive for both Israel and Iran.

Al Jazeera

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Trump's decision on whether to bomb Iran could have knock-on effects for his fight against the Fed

if Trump decides to bomb Iran and the conflict produces a prolonged disruption to the supply of oil, that might strengthen the dollar while damaging the global economy.

Fortune

Bank of England holds interest rates amid intensifying inflation risks

As widely expected, the Bank of England kept interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States. This would likely send oil prices soaring and push UK inflation further above target.

Euronews

Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting

Government accused of making ‘secret exchange deal’ with fossil fuel companies to compensate for tax hike

The Guardian - UK

UK's central bank set to keep interest rates on hold amid Middle East uncertainties

The Bank of England is set to keep interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States and send oil prices soaring and push U.K. inflation further above target

The Independent UK

Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan

The Guardian - UK

Bank of England warns of ‘elevated’ global uncertainty after leaving interest rates on hold – as it happened

UK central bank split 6-3 on interest rate decision, and warns that escalating Middle East conflict is pushing up energy prices

The Guardian - UK

UK ministers reopen door to drilling at two North Sea oilfields as new guidance released

Michael Shanks says guidance brings ‘clarity’ to approval process as analysis finds UK will be almost fully dependent on foreign gas by 2050 even if sites get green light

The Guardian - UK

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Pedestrian.tv

Experts Spill On How To Adapt Your Skin & Hair Routine For The Winter

The only thing that should be thirsty this winter is your ex. 🥵

The Independent UK

Celebrate World Tapas Day with José Pizarro’s classic Spanish recipes

Mark World Tapas Day in true Spanish style with José Pizarro’s crowd-pleasing recipes – think golden tortilla, salty devilled eggs and croquetas worth burning your fingers for

The Independent UK

Asian shares decline after mixed Wall Street finish and tensions simmer in the Middle East

Asian shares have retreated across the region as worries persist about conflict in the Middle East

International Business Times

Asian Stocks Drop After Fed Warning, Oil Dips With Mideast In Focus

Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict.

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Fortune

Stocks are flat, as the Fed’s latest forecast flirts with stagflation

The Federal Reserve’s quarterly projection included lower growth and higher inflation; the Fed also maintained its previous expectation of two interest rate cuts.

Barchart

Middle East Jitters Underpin Crude Prices

July WTI crude oil (CLN25 ) Wednesday closed up +0.30 (+0.40%), and July RBOB gasoline (RBN25 ) closed up +0.0367 (+1.62%). Crude oil prices whipsawed Wednesday in volatile trade and finally settled higher. Concern about escalation of the Israel-Iran war boosted crude prices Wednesday after Iran's Supreme Leader Ayatollah Ali...

The Guardian - UK

Will the new Middle East crisis rock the world economy? The markets say no – but I fear they’re wrong

The oil shocks of the 1970s-90s had brutal economic impacts. As Israel attacks Iran, a moderate rise in oil prices rests on questionable assumptions, says Guardian columnist Larry Elliott

The Conversation

Why Israel-Iran tensions might not raise prices at the pump as much as feared (for now)

The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks’ ability to cope in an already uncertain market.

Evening Standard

FTSE 100 nudges up ahead of Fed decision following broadly expected CPI data

The oil price fluctuated, with the Israel-Iran conflict entering its sixth day.

Barchart

Crude Prices Fall on Hopes the Israel-Iran Conflict Will De-Escalate

July WTI crude oil (CLN25 ) today is down -1.06 (-1.42%), and July RBOB gasoline (RBN25 ) is down -0.0054 (-0.24%). Crude oil prices today gave up an early advance and turned lower on signs that the conflict between Israel and Iran could de-escalate after President Trump said Iran reached...

The Guardian - US

Youth-led Sunrise Movement to launch campaign to ‘villainize big oil’ and force climate action

With climate policies under siege by the Trump, young climate activists are intensifying their campaign

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