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The Latest Breaking News from Oil

Petrol, Diesel price hike: Fuel rates increased for fourth time in less than two weeks

Petrol, Diesel price hike Today: Fuel prices have seen another hike. Petrol and diesel rates have gone up, marking the fourth increase in under two weeks. This rise reflects global crude oil price surges and ongoing geopolitical tensions. Oil companies have been facing significant daily losses. India has largely shielded…

The Economic Times

Iran war: Vessels carrying Middle East oil, LNG exit Hormuz, head for Pakistan, China

Iran war news: An LNG tanker, Fuwairit, is exiting the Strait of Hormuz for Pakistan. A supertanker, Eagle Verona, carrying Iraqi crude for China, has also left the Gulf. Shipping through the Strait of Hormuz is significantly reduced due to the U.S.-Israeli war on Iran. These vessels are among a…

The Economic Times

Quote of the day by John D Rockefeller: 'If you want to succeed you should strike out on new paths, rather than...' Life lessons on success, hard work and human nature by American industrialist and philanthropist

Quote of the day by John D Rockefeller talks about taking new paths to achieve success instead of following accepted methods. The quote explains the importance of innovation, hard work, independent thinking and risk-taking. John D. Rockefeller used different business methods to build Standard Oil and later became one of…

The Economic Times

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‘It Takes Me To A YouTube Video’: Man Changes Oil In Toyota Tundra. Then He Has To Scan A QR Code To Access The Oil Filter

"At first, it seems like a normal oil change."

Motor1

Thai aviation faces tougher quarters

Thai airlines, which reported mixed financial results in the first three months of 2026, will remain under pressure in the second and third quarters from the oil price spike as the uptick in airfares and fuel surcharges are insufficient to cover the surge in costs.

Bangkok Post

Russia's economy is much worse than it seems, and 'elites are increasingly alarmed' as alternate GDP gauge shows huge contraction

While Russia has claimed its GDP expanded by about 13% between 2020 and 2024, Sweden's analysis of nighttime luminosity shows the economy actually shrank by 8% during that span.

Fortune

Pakistan eyes Gulf-backed oil reserve hub at Gwadar amid Strait of Hormuz tensions

Pakistan is encouraging Persian Gulf oil producers to establish crude reserve buffers at its planned Energy City near Gwadar Port. This initiative aims to create strategic reserves for emergency use, as Pakistan currently lacks such buffers. Kuwait has already shown interest in this proposal, which also includes LNG and LPG…

The Economic Times

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‘Pompeii, but in the middle of a massive city’: the ice age fossil site hidden in Los Angeles

La Brea Tar Pits – the only urban, active ice age excavation site in world – gets a mammoth face lift for the first time in nearly 50 years

The Guardian - US

The Grocery Item Experts Say Will Be in Short Supply by Early Summer

Preparing for the warm summer months usually involves stocking up on charcoal and planning neighborhood outdoor menus. However, agricultural experts are issuing a stark warning about a vital culinary staple that will soon vanish from shelves. A perfect storm of environmental issues and global market pressures is threatening the supply…

Grocery Coupon Guide

'Purchase cheap oil, gas from Russia, Iran': Kejriwal expresses concern over fuel price hike

AAP national convenor Arvind Kejriwal on Sunday flagged long queues at petrol pumps in Gujarat and urged the Centre to purchase oil and gas from Russia and Iran at cheaper rates.

The Economic Times

Gold, silver likely to remain rangebound as US-Iran negotiations near key stage: Analysts

Gold prices are expected to trade sideways next week. Silver, however, is likely to see gains. Traders are closely watching US-Iran negotiations for clues. Investors will also track US economic data and Federal Reserve policy. Crude oil prices saw a correction, easing some inflation worries. The rupee strengthened against the…

The Economic Times

Men Are Ruining Their Engines by Topping Off Oil Wrong — Mechanics Reveal the Costly Misstep

Engines fail quietly when small habits go wrong, and topping off oil incorrectly sits at the top of that list. Many drivers assume adding a little extra oil always helps, but mechanics see a different story in repair shops every day. Overfilled engines, foamy oil, and damaged seals show up…

Clever Dude

Possible Iran-US deal: What we know

TEHRAN - The United States and Iran appear closer than ever to a deal that would end a war that has engulfed the Middle East and disrupted the global oil market.

Bangkok Post

Bangladesh launches fresh offshore oil, gas tender with sweeter terms for foreign firms

Bangladesh is seeking foreign investment for offshore oil and gas exploration. The country aims to increase its domestic gas supply and lessen dependence on costly LNG imports. New production sharing contracts offer more attractive terms to international companies. This initiative targets 26 offshore blocks in the Bay of Bengal.

The Economic Times

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The Guardian - UK

How to make Provençal fish stew – recipe

Fish stew in the south of France doesn’t have to mean a complicated bouillabaise: bourride is a simpler and equally perfect match for a summer’s evening

The Economic Times

India can’t escape global oil shock; fuel prices hurting economy, says former BPCL exec

India's economy is significantly impacted by the global oil shock, with crude prices surging by nearly 60%. Former BPCL Marketing Director Sukhmal Kumar Jain highlighted rising import costs and rupee depreciation as major concerns. He emphasized that the nation's heavy reliance on imports for oil and other key commodities exacerbates…

The Times of India

Unreliable guarantees: With US-Iran ceasefire on the horizon, will we see a new order in the Gulf?

As Washington and Tehran edge closer to what could become a broader ceasefire agreement, Gulf states are confronting an uncomfortable question: can the region continue relying on outside powers for security, or has the war exposed the limits of American guarantees?

The Guardian - UK

With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough

Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recession

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The Economic Times

IPO calendar: 3 companies set to launch public offers this week; check details

This comes as markets continue to witness sharp downswings and muted recoveries, with oil prices remaining elevated amid the seesaw political game in the Middle East.

Bangkok Post

Thai woman wins oil massage gold at Wellness World Championship

A woman from Nakhon Si Thammarat has won a gold medal in the oil massage category at the Wellness World Championship 2026, drawing widespread praise from local residents and social media users across the province.

The Times of India

Iran hits back at Rubio’s ‘energy hostage’ remark, blames US sanctions for global market turmoil

Iran has rejected US Secretary of State Marco Rubio's remarks, accusing Washington of distorting regional realities and diverting attention from its destabilizing policies. Tehran asserts that US sanctions, not its own actions, have disrupted global energy markets and held them hostage. Rubio had previously accused Iran of holding the energy…

The Economic Times

Iran rejects Rubio's claims, blames US sanctions for global energy crisis

US-Iran war: Tehran has rejected remarks by US Secretary of State Marco Rubio. Iran states US sanctions have held the global energy market hostage. It asserts its nuclear program is peaceful and under IAEA supervision. Iran also blames US and Zionist regime actions for maritime security threats. The nation stands…

The Economic Times

Fuel austerity clouds demand outlook; India's annual product growth forecast cut 40%

India's fuel demand growth will slow significantly in late 2026. Government conservation efforts, rising oil prices, and a weaker rupee are impacting travel and consumption. Oil companies have increased petrol and diesel prices. Prime Minister Modi urged fuel saving. Analysts predict a substantial cut in India's refined products demand forecast…

The Times of India

From Hormuz to nuclear talks - what to expect in the 60-day US-Iran ceasefire proposal

A potential 60-day ceasefire extension between the US and Iran is nearing, aiming to reopen the Strait of Hormuz and allow Iranian oil exports. This deal, brokered by Pakistan, includes lifting US port blockades and sanctions waivers, contingent on Iran negotiating its nuclear program and ending the Israel-Hezbollah conflict. Global…

The Economic Times

Bond yields, FIIs and corporate actions among 8 factors to steer D-Street this week

Nifty closed marginally higher last week, driven by IT and energy stocks, as markets brace for key events. Technical analysts suggest Nifty is in an indecisive range, awaiting a decisive breakout above 23,800 or a fall towards 23,600. Global factors like Iran-Israel tensions and US bond yields are influencing sentiment.

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