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The Latest Breaking News from Oil

OPEC+ boosts September production by 188,000 barrels/day

LONDON - Saudi Arabia, Russia and five other key members of OPEC+ agreed in an online meeting Sunday to boost oil production by 188,000 barrels a day from September, against a backdrop of disruption caused by the Mideast war.

Bangkok Post

Skirting Hormuz Is A Logistical Nightmare. Time To Pursue Such A Passage Has Arrived.

Experts have cited logistical nightmares and security threats that make skirting the Hormuz a daunting scenario. Alternative pipelines won't be sufficient to curb reliance on Hormuz as these have only a combined maximum capacity of about nine million barrels per day, compared to 20 million bpd that transited through Hormuz…

International Business Times

OPEC+ Agrees To Boost Oil Output. It May Not Reflect In Market Soon.

Export disruptions from the Gulf, Russia and Kazakhstan due to geopolitical conflicts meant that successive OPEC+ have remained largely on paper, causing little impact on the market. Major oil producers in the Gulf have not been able to increase exports due to the closure of Hormuz enforced by Iran.

International Business Times

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Iran Ridicules Trump's Warnings as 'Psychological Warfare' After He Cancels Planned Strikes

Iran has dismissed Donald Trump's latest military threats as 'psychological warfare' after the US president said he had cancelled planned strikes to give diplomacy a chance.

International Business Times UK

OPEC+ agrees September oil hike, completing rollback of voluntary cuts

OPEC+ approved an oil production increase of 188,000 barrels daily for September. This move completes the unwinding of voluntary output cuts made earlier. The group is reviewing production capacity before setting new quotas for 2027. Attacks on energy assets remain a concern impacting supply and repairs.

The Economic Times

Italian Navy boards tanker from Russian shadow fleet

The Italian navy has boarded a Russian tanker in international waters off Pantelleria, an island located between Sicily and Tunisia. The operation was carried out as part of an arms and oil trafficking monitoring mission with the support of a Greek vessel and a Polish maritime patrol aircraft.

Euronews

How to make gambas al ajillo – recipe

Conjuring memories of sun-drenched holidays and cool tapas bars, this dish is deliciously messy

The Guardian - UK

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EREVs Can Apparently Be Almost As Low-Maintenance As Full EVs

The SkyNomad N70 and N90 won't need their oil changed for up to three years. Xiaomi wants its EREV models to be as cheap to run as its EVs.

InsideEVs

Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit

India's government will fund offshore oil and gas exploration directly from its national budget. The "Samudra Manthan" scheme allocates significant funds for deepwater drilling and infrastructure development. This initiative aims to reduce the country's growing dependence on imported crude oil and natural gas. The program supports private companies in undertaking…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Monday

The Indian stock market rallied around 3% over the last week, recouping its early losses despite global volatility. Analysts expect the market's direction in the coming week to hinge on the RBI MPC meeting outcome, oil prices, corporate earnings and other key domestic and global cues.

The Economic Times

Ukraine-Russia war latest: At least three dead after bomb explodes near Moscow restaurant

The explosion occurred near an upscale Italian restaurant located in one of Moscow's seven Stalin-era skyscrapers at Kudrinkskaya Square

The Independent UK

Marjorie Taylor Greene Pushes Back on Trump's 'King of Oil' Claim, Blames Iran War for High Gas Prices

Former Rep. Marjorie Taylor Greene (R-Ga.) criticized the Trump administration’s energy messaging after President Donald Trump celebrated rising U.S. oil exports, arguing that fuel prices remain a major concern for Americans amid tensions with Iran.

Benzinga

Will Nifty, Sensex extend gains on Monday? 6 factors which will drive D-Street action this week

Indian stock market is expected to extend recent gains this week. The Reserve Bank of India's policy decision will significantly influence market direction. Geopolitical tensions in the Middle East and fluctuating oil prices remain key concerns. Foreign institutional investors are showing renewed interest in Indian equities. Corporate earnings announcements will…

The Economic Times

OPEC+ tipped to raise oil output as Middle East war disrupts supplies

OPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustments by the group. Many members face production capacity declines, making target increases less meaningful. Gulf countries struggle with exports due to Strait of Hormuz disruptions. Russia's oil infrastructure has also…

The Economic Times

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The Guardian - AU

Ukraine war briefing: Strikes on three Russian oil refineries and sanctioned ship

Power cut to Zaporizhzhia nuclear power plant; meal queues in Crimea where Ukrainian strikes have cut fuel and power supplies. What we know on day 1,621

The Economic Times

Oil leak spreads from sanctioned tanker grounded off Oman coast

Satellite images show a sanctioned tanker leaking crude oil near Oman's protected islands. The oil slick has spread across twenty square kilometers and reached shorelines. Environmental experts warn of increased leakage and potential ship breaking due to monsoon winds. This tanker, carrying over 800,000 barrels, is sanctioned by multiple countries.…

The Economic Times

Iran warns US against 'adventurous action'; threatens retaliation as Gulf tensions deepen

Iran has warned it will respond decisively to any new U.S. or Israeli attacks, as President Donald Trump renewed threats against Tehran. Rising tensions have disrupted shipping through the Strait of Hormuz, pushed oil prices higher, and heightened fears of wider regional conflict affecting global energy supplies and maritime security.

Motor1

Woman Goes To Valvoline. Then They Ask Her A Question She Has No Response To: 'I'm Gonna Completely Embarrass Myself'

"You're their favorite type of customer im afraid."

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The Independent UK

Oil leak spreads from a sanctioned tanker grounded off Oman, images show

Satellite images reviewed by The Associated Press reveal there's crude oil leaking from a sanctioned tanker grounded off Oman's coast

The Independent UK

Iraq and Turkey strike a 1-year oil pipeline deal to boost exports during ongoing Hormuz closures

Iraq and Turkey have signed a deal to transport Iraqi crude oil through a pipeline to Turkey's port of Ceyhan

The Independent UK

Michigan Supreme Court rejects permit for Enbridge oil pipeline under Great Lakes

The Michigan Supreme Court has ordered state regulators to reconsider a permit for a tunnel carrying an oil pipeline under the Great Lakes

Barchart

Hoping for Lower Prices at the Gas Pump? After Exxon Doubles Profits, CEO Darren Woods Says ‘I Wouldn’t Hold My Breath.’

In a CNBC interview, the oil executive explained the disconnect between crude oil and gasoline prices.

The Economic Times

Petrol could cost Rs 125/litre without ethanol blending: Government

The Ministry of Petroleum defended the Ethanol Blended Petrol Programme against criticisms. It stated petrol prices would have risen significantly without this initiative. This program provided substantial financial relief to consumers during global oil volatility. Ethanol blending has saved foreign exchange and reduced carbon emissions significantly.

The Guardian - UK

‘Intense, salty, foul’: the best (and worst) supermarket anchovies, tasted and rated

We put 10 tinned and jarred varieties to the test to see which anchovies are the best catch for your cash

The Guardian - US

The US war on Iran is spinning out of control

Trump’s conflict keeps escalating, with Saudi Arabia joining airstrikes in Iraq and reportedly planning an attack on the Houthis. A recession could follow

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