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Oil Price News

Why did Trump reopen California's Santa Barbara oil pipeline? Explained

Trump reopened the Santa Barbara oil pipeline after 11 years using emergency powers. (Pexel/Representative image)

Published 1 day ago

US is the world's top oil producer. So why are gas prices still high? Explained

The US is the world's top oil producer and consumer. (Pexel/Representative image)

Published 1 day ago

Why oil prices are rising: US-Iran attacks and Hormuz fears explained

Oil prices surged after fresh US-Iran strikes raised Strait of Hormuz supply fears. (Pexel/Representative image)

Updated 2 days ago

Why oil prices are surging explained: US-Iran tensions spark global supply fears

Oil prices surge after fresh US-Iran tensions (Pexel/Representative image)

Updated 7 days ago

Why US gasoline may not return to $3 anytime soon, explained

US gasoline prices are falling after the Iran peace deal, but $3 gas may not return soon. (Pexel/Representative images)

Published 11 days ago

We woz wrong about oil

FILE PHOTO: Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026.

Published 12 days ago

Oil prices today: Donald Trump calls for DOJ probe as Brent crude falls to $73

Brent crude falls to $73 as Trump orders a DOJ probe into oil companies over gasoline prices and alleged price gouging.(Photo by SPENCER PLATT / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

Updated 21 days ago

Stock market today: S&P 500, Nasdaq rise as tech rebounds ahead of Micron

S&P 500 and Nasdaq futures rise as tech stocks rebound from a sell-off. (Photographer: Erik Flyg/Bloomberg)

Updated 21 days ago

Oil prices drop over 4%; Nikkei, Kospi surge after US-Iran peace deal reached

At 0045 GMT, US benchmark West Texas Intermediate was down 4.70 percent at $80.89 a barrel and North Sea Brent Crude sunk 4.03 percent to 83.81 percent. (Representative)

Published 30 days ago

Iran claims sanctions waiver, Pak sends new proposal to US: Latest updates

Iran’s Ultimate Victory: Trump Forced to Surrender Oil Sanctions to Mojtaba After Barakah Attack?

Updated 58 days ago

Indian markets open lower as fuel price hike dampens investor sentiment

Newly increased fuel prices are displayed at a petrol pump in Malvan.

Published 61 days ago

'Reduce use of foreign products': Modi's appeal after petrol, gold, WFH push

Prime Minister Narendra Modi performs puja at Somnath Temple on the occasion of Somnath Amrut Mahotsav.

Updated 64 days ago

Oil prices slide as US, Iran close in on deal after 2+ months of flare-up

Photo for representation

Published 70 days ago

Brent crude hits 4-year high at $120+, what's causing the surge in oil prices?

Along with Brent crude, US West Texas Intermediate futures rose to $108.34 a barrel, the highest since April 7.

Published 76 days ago

Three Iranian-flagged tankers in Asian waters intercepted by US: Report

The closure of the strait has disrupted about a fifth of global oil and gas supplies.

Published 83 days ago

'The camel dreams of cottonseed...': Iran mocks Trump's peace deal claims

Trump said prospects for a deal with Iran are looking very good.

Updated 89 days ago

A coffee shop in Tehran captures relief after ceasefire, Iran shares video

A worker prepares coffee in a café in central Tehran, Iran, Wednesday, April 8, 2026.

Published 97 days ago

Why US crude oil prices are tumbling today - Explained

An oil tanker is docked unloading crude oil at the port in Qingdao, in China's eastern Shandong province

Published 98 days ago

Stock market update: When will Dow, S&P, Wall Street stabilize? Experts weigh in

Stock market numbers are displayed as traders work on the floor of the New York Stock Exchange during morning trading on April 02

Published 98 days ago

Oil may hit $150-$200 if Hormuz closure drags on, supplies choke, says expert

Persian gulf producers are shutting-in millions of barrels of daily supply.

Published 106 days ago

Vietnam sees petrol prices shoot up overnight by 20% on fears of shortage

Petrol prices in Vietnam rose over 20% due to fears of oil shortages from the Middle East war, with gasoline reaching 30,690 dong per litre and diesel 33,420 dong.

Published 117 days ago

European gas prices jump 35% after Iran hits top LNG plant in Qatar

File photo of Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid.

Published 118 days ago

Stopping Iran's nukes greater than surging oil prices: Trump amid global crisis

On the one hand, Donald Trump has spoken of the war "ending soon", while on the other, he said that the US military is "not finished yet".

Published 125 days ago

Iran’s sea mines explained: How deadly are they for ships in Strait of Hormuz

A Thai-flagged cargo vessel was attacked near the Strait of Hormuz on Wednesday. (Reuters)

Updated 125 days ago

US to release 172 million barrels of oil as West Asia war deepens energy crisis

US President Donald Trump has authorized the Department of Energy to release 172 million barrels from the Strategic Petroleum Reserve, beginning next week.

Updated 125 days ago

Tehran's oil ‘$200 a barrel’ threat, Mossad base targeted: 10 points on Iran war

Thai cargo ship, Mayuree Naree, that was struck and set ablaze in the Strait of Hormuz Wednesday, March 11, 2026.

Updated 125 days ago

What's happening in India, Pak, B'desh, China as Iran-US war disrupts oil supply

Petrol, diesel and jet fuel are produced from crude oil.

Updated 127 days ago

Oil prices soar past $100 for first time in 4 yrs as US-Iran conflict escalates

Several Asian stock markets fell sharply on Monday as oil prices climbed by more than 25 per cent.

Updated 128 days ago

Oil prices surge as Middle East conflict shows no sign of easing

Brent jumped 7.5% to $78.34 a barrel.

Published 135 days ago

Venezuela to ‘turn over’ 30-50 million barrels of oil to US: What's the cost?

US President Donald Trump speaks during a news conference at the Mar-a-Lago Club in Palm Beach.

Published 189 days ago

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