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The Latest Breaking News from Oil

Duncan Lu

The Guardian - UK

AAP Rolling News Bulletin June 22, 2200

AAP Rolling News Bulletin for June 22 at 2200

AAP

Trump tore up Obama's Iran deal. His own version now faces the Hormuz & Lebanon test

US President Donald Trump spent years attacking Barack Obama’s Iran nuclear deal. He called it weak, dangerous and one of the worst agreements America had ever signed.

The Times of India

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Stock markets up and oil prices fall amid further US-Iran peace talks

IN FULL

The Independent UK

AAP Rolling News Bulletin June 22, 2130

AAP Rolling News Bulletin for June 22 at 2130

AAP

Rupee snaps six-session winning streak as firmer dollar pinches

The Indian rupee slipped on Monday, snapping its six-day upward trend due to the strengthening dollar worldwide. While falling oil prices eased some apprehensions related to conflicts, the Federal Reserve's assertive monetary policy continues to support the dollar. Consequently, traders are bracing for further upticks in U.S. interest rates, which…

The Economic Times

AAP Rolling News Bulletin June 22, 2100

AAP Rolling News Bulletin for June 22 at 2100

AAP

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Oil prices fall and stock markets rise as Iran claims ‘great progress’ made in peace talks with US

Brent crude futures were down despite Donald Trump’s renewed threats to ‘take over’ Iran unless it opens the Strait of Hormuz

The Independent UK

Aramco’s petrodollar backing of World Cup leaves stain of sportswashing

In today’s newsletter: How Saudi Arabia’s state-owned oil giant is embedding fossil fuels as a crucial part of the world’s biggest sport

The Guardian - UK

Ukraine intensifies attacks on Crimea to raise cost of Russian occupation

Volodymyr Zelenskyy says strikes on oil facilities part of ‘long-range sanctions’ intended to isolate the territory

The Guardian - UK

Petrol, diesel margins back to above pre-conflict levels: Report

State-run oil companies are poised for improved profitability as falling crude prices boost fuel marketing margins. While recent government excise duty cuts have aided this recovery, rising debt levels and potential tax increases pose risks to long-term earnings. Analysts anticipate better performance from the second quarter onwards, especially if oil…

The Economic Times

AAP Rolling News Bulletin June 22, 2030

AAP Rolling News Bulletin for June 22 at 2030

AAP

Hanging lamp in the form of a sandaled right foot: A 1,600-year-old bronze lamp with multilayered Christian symbolism

This rare, foot-shaped oil lamp had multiple layers of meaning in early Christianity, including symbolizing enlightenment and Christian pilgrimage.

LiveScience

AAP Rolling News Bulletin June 22, 2000

AAP Rolling News Bulletin for June 22 at 2000

AAP

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The Economic Times

Reliance 3.0: Mukesh Ambani is preparing for a brave post-Jio world

In a pivotal shift towards innovation, Reliance Industries unveils Reliance 3.0, moving away from its conventional oil and consumer business operations. The company is laying the groundwork for a robust infrastructure supporting artificial intelligence, data centers, and sustainable energy. This strategy reflects its prior success with Jio, indicating a forward-looking…

The Guardian - UK

Markets steady as prime minister Keir Starmer resigns; ex-Fed chair Alan Greenspan dies at 100 – as it happened

Sterling and gilts avoided major swings amid Starmer’s resignation

International Business Times UK

Lindsey Graham Reveals Trump's Plan to 'Obliterate' Iran and Seize World's Key Oil Route if Peace Talks Fail

US Senator Lindsey Graham warns of a potential military takeover of the Strait of Hormuz if diplomatic talks with Iran fail, highlighting escalating tensions and possible conflict in the Middle East.

The Economic Times

Airline ticket prices may stay high as carriers bank fuel relief from Iran deal

A U.S.-Iran peace deal has lowered oil prices, promising billions in fuel savings for airlines. However, passengers may not see immediate fare reductions due to limited flight capacity. Airlines are using these savings to improve their financial health rather than immediately lowering ticket prices, with fare increases still lagging behind…

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The Times of India

Saudi Arabia's $9 trillion NEOM city with flying taxis and a 170-km-long skyscraper is scaled back: What went wrong?

When Saudi Arabia unveiled NEOM in 2017, it promised nothing short of a city from the future. Crown Prince Mohammed bin Salman presented the mega-project as the centrepiece of the kingdom's Vision 2030 strategy to reduce dependence on oil. The plans included flying taxis, robot assistants, a 170-kilometre-long mirrored skyscraper…

The Economic Times

Iran war triggers global race to build oil reserves

Vulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push for reserves could add half a billion barrels of demand. Countries like India and Pakistan are prioritizing stockpiles, learning from China's successful strategy of reducing imports during supply…

The Economic Times

Vedanta Aluminium set for largecap upgrade in H2 CY26; power, oil & gas arms may turn smallcaps

Vedanta Aluminium is likely to be upgraded to the large-cap category in AMFI’s H2 CY26 semi-annual reshuffle, while Vedanta Power, Oil & Gas, and Iron & Steel may be classified as smallcaps after the demerger, according to Nuvama Institutional Equities. AMFI may also revise market-cap cut-offs, raising the large-cap threshold…

Ideal Home

5 home items accidentally attracting wasps to your home, according to experts – *spoiler* your Bag for Life is one of them

You've definitely got a few of these items at home

The Economic Times

India bonds walk tightrope on steady oil, shaky US-Iran truce

Indian government bonds traded cautiously early Monday, as concerns over U.S.-Iran tensions tempered relief from falling oil prices. While oil's dip below $80 a barrel eases import costs, traders remain wary of El Nino's impact on inflation and global yield risks. Markets are also awaiting a key decision on India's…

The Economic Times

Moscow reopens airports, shoots down nearly 60 drones

Moscow thwarted a massive drone assault overnight, with nearly 60 unmanned aerial vehicles intercepted en route to the capital, leading to temporary airport closures. This follows a recent Ukrainian strike on Russia's sole oil refinery. Meanwhile, Russian attacks in Ukraine claimed two lives and injured six, with a Turkish cargo…

The Economic Times

Rupee drifts as oil dips; hawkish Fed risks, importer flows cap gains

The Indian rupee held steady as easing U.S.-Iran tensions lowered oil prices, boosting sentiment. However, anticipation of potential U.S. Federal Reserve rate hikes kept traders watchful. Importer demand also capped rupee gains. Despite a roadmap for a U.S.-Iran deal, analysts suggest Asian currencies may face continued pressure from a strong…

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