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The Latest Breaking News from Oil

I'm a Kitchen Appliances Editor who refuses to pack clutter when moving – these are the 3 sub-par cooking gadgets I ditched, and the 3 I'd never part with

Every appliance in my kitchen has to earn its keep

Ideal Home

Dow’s new CEO is ‘blessed to be stressed’—and steering a turnaround amid oil market upheaval

Karen Carter leans on U.S. profitability for global Dow turnaround amid cost cutting and restructuring.

Fortune

Shell’s profits more than double after jump in oil and gas prices

Environmentalists renew calls for windfall tax to support households after Q2 earnings rise to almost $10bn

The Guardian - UK

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Finance ministry calls for faster policy action to sustain growth amid global uncertainty

India's finance ministry stressed faster policy responses and stronger implementation for investment. The economy shows resilience despite global challenges and mounting uncertainties. Rising crude oil prices pose a risk to fiscal and current account balances. India must strengthen its long-term resilience and strategic leverage. Domestic fundamentals and policy support continue…

The Economic Times

Shell half-year earnings soar to £12.6bn on Iran war oil price volatility

The FTSE 100 giant saw underlying earnings jump to 16.75 billion US dollars (£12.55 billion) after a 9.84 billion haul in the second quarter.

Evening Standard

The 9 impressive beauty products our team couldn't get enough of in July

From bottles ran dry to tubes squeezed empty, these pictures speak a thousand words

Woman & Home

Gaza latest: Trump claims ‘historic’ deal reached with Hamas for complete disarmament

Senior Hamas official says the group will only disarm if Israel fulfils its commitments

The Independent UK

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Mideast war supercharges electric car sales: IEA

Soaring fuel prices due to the Mideast war have supercharged sales of electric cars in the second quarter, the International Energy Agency said Thursday. "Despite a challenging backdrop for the global car market, sales of electric cars surged in the second quarter of this year as the energy crisis sparked…

The Economic Times

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

Oil prices have fallen and Asian shares are mostly trading lower

The Independent UK

Rachel Roddy’s chicken with sweet and sour lemon and tarragon sauce – recipe

If it’s good enough for Prince Ottavio Gonzaga and Anna del Conte, then dare you pass up the opportunity to try this wonderfully sweet and sour way with chicken?

The Guardian - UK

Four easy homemade pizza recipes for the perfect pizza night

From sobrasada and hot honey to potato and rosemary, Suffolk chef and Pinch founder Alice Norman shares four crisp, tray-baked pizzas made for the home oven, writes Hannah Twiggs

The Independent UK

Vedanta Oil & Gas shares dip 4% despite becoming profitable in Q1

Vedanta Oil & Gas shares fell despite the company reporting a sharp turnaround in Q1 FY27, posting a consolidated net profit of Rs 945 crore against losses in both the year-ago and previous quarters. Revenue rose 8.5% YoY to Rs 2,507 crore, even as the company recorded an exceptional loss…

The Economic Times

America is making the most fuel since pre-covid. It’s not enough

American refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low due to ongoing conflicts and disruptions. Despite increased production, consumers face persistently high gasoline and diesel prices. US commercial crude stockpiles have fallen to their lowest levels since 2018.

The Economic Times

US resumes direct attacks on Iran one day after foiling strikes on Jordanian bases hosting its troops

Trump vowed to hit Iran “very hard” following Tehran's recent attacks on bases hosting US troops in Jordan and other US allies in the region, including Egypt and the Gulf states.

Euronews

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The Economic Times

India seeks sunflower oil alternatives on Black Sea disruptions

India is rushing to secure alternative edible oil supplies as Black Sea attacks disrupt sunflower oil shipments from Russia and Ukraine, causing delays and higher prices. Importers are increasing purchases from Argentina and switching to palm, soy and canola oils.

AAP

Shares fall from multi-month high as confidence wanes

The ASX has handed back most of Wednesday's gains, as fresh strikes between the US and Iran stoked fears about global inflation and growth.

The Conversation

A new fuel refinery is a start. But Australia is still vulnerable to shipping disruptions without a clear strategy

The Australian government announced this week it would study whether to build a major oil refinery in Western Australia to help shore up the country’s energy security.

The Economic Times

Stocks in news: Adani Ports, Adani Enterprises, Vedanta Oil & Gas, Asian Paints, 6 others

Indian stock indices Sensex and Nifty experienced a significant surge on Wednesday. Several companies reported strong financial results for the June quarter. Bajaj Housing Finance and MTAR Technologies showed substantial profit growth. Vedanta Oil & Gas and Vedanta Iron and Steel returned to profitability. Adani Enterprises, however, reported a net…

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The Economic Times

Saudi Arabia seeks coalition to secure Red Sea shipping

Saudi Arabia is seeking an international coalition to safeguard Red Sea shipping lanes. This initiative aims to counter ongoing Houthi attacks which threaten commercial vessels. The Houthis previously declared a naval blockade against Saudi Arabia in the Red Sea. Riyadh has responded with air strikes targeting Houthi military facilities. These…

The Economic Times

Oil Price Today (July 30): Crude oil dips below $90 after 8% surge on Wednesday. Here’s why

Brent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to $83.90 a barrel.

AAP

Fuel seller eyes massive earnings lift due to conflict

The company that owns one of Australia's two oil refineries says the Middle East war underscores the need to keep that capability, as the conflict continues.

The Economic Times

Oil prices slip as tankers continue to ply Middle East conflict zones

Oil prices saw a decline as tankers continued to move out of the Middle East. Escalating tensions and expanded conflict fronts are impacting regional stability. Thirty-nine commodity ships passed through the Bab el-Mandeb strait into the Red Sea. Iran has ruled out an Omani proposal for regional joint management of…

Benzinga

Trump Orders Strikes on Iran After Missile Attack: Dow Futures Gain 94 Points, Brent Hovers Near $90

Late Wednesday, U.S. military strikes on Iran and a drone attack on a U.S.-owned gas vessel in Egypt heightened fears of a broader Middle East conflict, even as U.S. stock futures moved higher and oil prices remained elevated.

The Economic Times

Global Market Today: Asian stocks mixed, bonds slip after Fed decision

Asian stocks fluctuated on Thursday as semiconductor shares declined. Treasury yields reached multi-decade highs following the Federal Reserve's policy decision. Microsoft's cloud growth boosted its stock, while Meta's forecast caused a slide. South Korea implemented measures to stabilize its stock market after a significant rout. Oil prices edged lower amid…

The Texas Tribune

Paxton lawsuit prompts end of federal endangered species protection for Texas lizard

The state’s attorney general sued the Biden administration in 2024, citing incomplete data for the updated endangered status of the Permian Basin’s native dunes sagebrush lizard.

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