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The Latest Breaking News from Oil

Overcoming Safety Risks with Honeywell Fault-Tolerant Control

A single control system failure in an oil refinery or power plant can trigger a chain reaction of catastrophic events—explosions, toxic releases, environmental devastation, and loss of human life. The 2005 Texas City refinery disaster and numerous pipeline incidents serve as stark reminders that inadequate safety controls carry consequences measured…

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Cuba has completely run out of diesel and fuel oil, energy minister says

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The Independent UK

‘Contradictory signal’: Germany scraps renewable heating law just as heat pumps gain momentum

Germany has back-peddled on its green heating law, despite heat pumps recently outselling traditional gas boilers.

Euronews

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Cuba Says It Has Run Out Of Oil And Diesel, Only Has 'Gas From Our Wells'

Cuban Energy Minister Vicente de la O Levy said the country has run out of oil and diesel and only has gas left.

International Business Times

Current price of oil as of May 14, 2026

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

Fortune

Cuba facing severe energy crisis as supplies of Russian oil run dry

Trump has imposed a blockade on Cuba and threatened tariffs on any countries that provide it with fuel

The Independent UK

4 Costco Groceries Retirees Need To Buy Before Prices Spike in Summer 2026

With uncertainty surrounding oil prices, many grocery items may see price spikes this summer. Here are four Costco grocery items that retirees need to buy.

GOBankingRates

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Lights out in Havana: Protests erupt as 'absolutely no fuel' left in Cuba

Cuba has completely run out of diesel and fuel oil, energy minister Vicente de la O Levy has said, as a US-led blockade chokes supply and plunges parts of Havana into blackouts lasting up to 22 hours a day.

The Times of India

How severe has the economic impact of the Iran war been for the Gulf states?

The US and Israel’s war on Iran has cast a long shadow over the Gulf. It has placed many of the economies that make up the Gulf Cooperation Council (GCC) regional grouping – Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates (UAE) and Saudi Arabia – under substantial strain.

The Conversation

Ship seized near UAE coast headed for Iranian waters, UK maritime agency says

A ship has been taken near the UAE coast and is headed for Iranian waters, the UK's UKMTO said, in the latest vessel seizure around the Strait of Hormuz.

Euronews

India rupee slips to record low near 96 per USD as energy risks deepen

The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on bonds to attract dollar inflows. Persistent balance of payments deficits and rising wholesale inflation signal ongoing rupee weakness.

The Economic Times

Two India-bound LPG tankers transit through Strait of Hormuz amid US-Iran war

Two ships carrying cooking fuel have successfully passed through the Strait of Hormuz. These vessels are heading towards India. This marks an increase in such passages recently. Several other large ships carrying oil, fuel, and gas have also navigated the strait. Some vessels are still near a US blockade line.…

The Economic Times

Trump's killer quote exposes his bind on Iran and inflation

The president's clumsy wording handed Democrats a ready-made attack ad.

Axios

Permian Resources Q1 Earnings Call Highlights

Permian Resources (NYSE:PR) reported what executives described as a record quarter for free cash flow and operational efficiency, while emphasizing that the company is preserving flexibility amid volatile commodity markets. On the company’s first-quarter 2026 earnings call, Co-CEO Will Hickey said

MarketBeat

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Axios

The energy squeeze behind the Iran war and AI boom

It's suddenly the world's biggest constraint, thanks to oil shocks and AI's global race for electricity.

The Economic Times

PM Modi likely to seek more energy supplies from UAE during short visit, sources say

Indian Prime Minister Narendra Modi will visit the UAE to discuss long-term energy supply deals and expand strategic oil reserves. The visit, part of a five-nation tour, aims to secure supplies disrupted by global conflicts. Modi will meet UAE President Sheikh Mohamed bin Zayed Al Nahyan to explore energy cooperation…

MarketBeat

Petroleo Brasileiro S.A.- Petrobras Q1 Earnings Call Highlights

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) reported higher production, stronger refinery utilization and continued investment in upstream projects during the first quarter of 2026, while executives said the company is monitoring fuel-price volatility and prioritizing capital discipline. Chief E

MarketBeat

Pampa Energia Q1 Earnings Call Highlights

Pampa Energia (NYSE:PAM) reported a sharp increase in first-quarter adjusted EBITDA, supported by record oil and gas production, the continued ramp-up of its Rincón de Aranda shale oil project and improved margins in power generation under Argentina’s new electricity market framework. Lida Wang, Pa

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MarketBeat

Ovintiv Q1 Earnings Call Highlights

Ovintiv (NYSE:OVV) said its first-quarter 2026 results reflected stronger operational execution, a recently reshaped portfolio and a significantly lower debt balance following asset transactions completed early in the year. President and CEO Brendan McCracken told investors that the company has mov

Fortune

Fervo becomes clean energy's biggest-ever IPO with $10B valuation—powered by the earth’s heat and AI’s hunger

Fervo is building its first commercial power plant project in Utah with goals to scale nationwide with the data center construction wave.

The Economic Times

India wholesale inflation jumps to 8.3%, highest in 3-1/2 years on oil shock

Wholesale inflation in India jumped to 8.3 percent in April. This is the highest rate recorded in the current series. Soaring fuel and crude oil prices are the main drivers. This rise impacts mineral oils, natural gas, and manufactured goods. Producer costs are increasing rapidly. Global commodity and energy prices…

The Economic Times

Protests flare across Havana as power cuts deepen amid US blockade

CUBA-CRISIS-Protests flare across Havana as power cuts deepen amid US blockade

MarketBeat

Infinity Natural Resources Q1 Earnings Call Highlights

Infinity Natural Resources (NYSE:INR) said its first quarter was marked by a significant expansion of its Appalachian footprint, following the late-February closing of its acquisition of Antero’s Ohio Utica assets and the addition of working interests in Pennsylvania through the Chase acquisition.

The Economic Times

Preparing for Rupee at 100: What does it mean for the economy and your stock market investments?

The Indian rupee is nearing the Rs 100 per dollar mark, driven by rising crude oil prices and foreign investor outflows. This depreciation fuels imported inflation, complicates RBI policy, and creates uneven impacts across equity sectors. Investors are advised to focus on resilient businesses as currency volatility persists.

AAP

Unions ramp up minimum wage rise demands as costs soar

Low-paid workers should not go backwards because of Donald Trump's war, the peak union body says, as it calls for minimum wages to be raised to $26.45 an hour.

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