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The Latest Breaking News from Oil

London chefs reveal their best no cook summer dishes

From Melissa Hemsley’s salad to Michelin-starred soup, Samuel Fishwick has a guide to heatwave recipes — no cooking required

Evening Standard

Iraq eyes supplying Turkey with 1 million oil barrels a day amid Hormuz crisis

Iraqi Prime Minister Ali Zeydi visited Ankara for his first talks with Erdoğan since taking office, offering to supply Turkey with 1 million barrels of oil per day as Ankara seeks to reduce its dependence on disrupted Gulf routes.

Euronews

Vedanta Oil & Gas Q1 Results: Co swings to black with Rs 945 crore profit, revenue up 9% YoY

Vedanta Oil & Gas posted a Rs 945 crore net profit for Q1 FY27. This marks a significant turnaround from the previous year's net loss. The company's revenue from operations also saw an increase of 8.5 percent. This profit was achieved despite reporting an exceptional net loss. The firm's financial…

The Economic Times

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Ukraine says it hit a major Russian oil refinery hours after Zelensky’s meeting with Trump

Overnight attack started a fire at the Ryazan refinery, ramping up pressure on Moscow

The Independent UK

Why did market rise today? Sensex soars 890 pts, Nifty closes above 24,250; 4 factors behind Rs 4 lakh crore gains on D-Street

Indian stock markets experienced a significant surge on Wednesday. Benchmark indices Sensex and Nifty both rose over one percent. This occurred despite a sharp increase in oil prices due to US-Iran tensions. Broader markets also traded positively, with IT and Metal sectors leading gains. Market volatility remained subdued as broader…

The Economic Times

Iran launches new missile attacks as US and Saudi Arabia strike Tehran-backed militias in Iraq

Iran launched a wave of missile attacks targeting U.S. forces across the Middle East on Wednesday, as American and Saudi forces struck Tehran-backed militias in Iraq, killing at least 20 fighters and six Iranian advisers.

France 24

Fantasy and adventure allowed this artist to rekindle the inspirations of his creative youth

Ron Sanders previously designed coins for the US mint.

Creative Bloq

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Who are the Iran-backed militias behind Iraq's oil facility attacks?

U.S. and Saudi Arabia struck Iran-backed groups in Iraq responsible for drone attacks. These Shi'ite militias gained influence after the 2003 U.S. invasion and Iran's support. They possess substantial political and military power, rivaling the national army. Kataib Hezbollah and Asa'ib Ahl al-Haq are among the most influential factions. These…

The Economic Times

Top Analyst Predicts Gas Prices Are About to Hit a Record High By This Date— And Iran's Latest Missile Attack Won't Help

Patrick De Haan warned U.S. gasoline prices could stay above $4 per gallon beyond August 8 for the first time on record, calling the potential milestone concerning.

Benzinga

Current price of oil as of July 29, 2026

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

Fortune

US-Saudi strikes in Iraq kill 20: former paramilitaries

US and Saudi forces conducted strikes against Iran-backed groups in Iraq. These attacks followed drone incidents targeting Saudi oil facilities earlier. The Popular Mobilization Forces reported at least twenty fighters were killed. The strikes targeted PMF bases across seven Iraqi provinces, causing damage. Iraq's Prime Minister vowed to disarm these…

The Economic Times

Chevron Stock: Is Wall Street Bullish or Bearish?

Chevron has outperformed the S&P 500 over the past year, and analysts remain cautiously optimistic outlook for the shares.

Barchart

India's top refiner IOCL scouts stakes in gas carriers as it plans higher US imports

Indian Oil Corporation is seeking to acquire a fifty percent stake in very large gas carriers. This move prepares the company for increased liquefied petroleum gas imports from the United States. Indian state fuel retailers will increase their purchases of U.S. LPG starting from the year 2027. The company is…

The Economic Times

Euro zone bond rally ends as oil surge, Fed decision weigh on investors

European bond markets have largely tracked developments in the Gulf conflict since hostilities began in late February, with movements in energy prices playing a key role in shaping investor sentiment. Market participants are closely monitoring whether a sustained rise in oil prices could fuel broader inflation pressures and prompt central…

The Economic Times

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The Economic Times

Indian corporates to clock 9% aggregate revenue in FY27: Fitch

Fitch Ratings forecasts Indian corporate revenue to grow nine percent in the current fiscal year. This growth is expected to keep credit metrics for Indian companies stable. Geopolitical tensions and climate risks could impact oil prices and demand for certain sectors. Chemical companies may face higher costs and softer demand…

The Economic Times

Indian economy shows recovery despite global uncertainties, private investment gains momentum: Report

Demonstrating remarkable resilience, India's economy witnesses a comprehensive recovery across sectors, coupled with an increase in industrial credit. Private sector investment is perking up, fueled by proactive government policies. Indicators reflect stable or improving growth trends in different economic domains. Nonetheless, macroeconomic uncertainty looms from external elements like oil prices…

The Economic Times

India's energy security at risk from Hormuz-Red Sea double squeeze, says CareEdge Ratings

India faces significant energy security risks from chokepoint disruptions. A dual closure could push Brent crude prices to $130-135 per barrel. This scenario threatens inflation and the Indian rupee's stability. Smaller businesses are particularly exposed to rising costs and liquidity stress. Global supply chains and India's trade balance would experience…

Evening Standard

Reckitt raising prices to offset cost pressures amid Iran war

The group said it was pushing through ‘moderate’ price increases in most of its markets, including the UK.

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The Guardian - UK

Oil jumps after Iran attempts ‘surprise attack’; chip stocks slump further as AI sell-off continues – as it happened

Rolling coverage of the latest economic and financial news

The Economic Times

India bonds tiptoe along ahead of Fed meet; oil prices weigh

Indian government bonds traded range-bound early Wednesday as investors awaited the Fed's rate decision. Oil prices climbed, reviving concerns about the Gulf conflict and global economic impact. The Reserve Bank of India's policy decision is due next week, with rates expected to remain unchanged. India's financial conditions have tightened recently…

The Guardian - AU

Mooted WA oil refinery ‘dinosaur technology’ amid clean energy transition, experts say

A feasibility study for the Western Australian project will show the project is uneconomic and requires government subsidies, experts say

The Economic Times

Rupee cushioned by state-run bank dollar offers as futures expiry bites

The Indian rupee strengthened on Wednesday as banks sold dollars. Dollar demand from futures expiry exerted some pressure on the currency. Oil prices climbed nearly four percent after recent sharp declines. Traders watched for the US Federal Reserve's monetary policy decision. Markets anticipate the Fed will likely keep interest rates…

The Conversation

Australia hasn’t built an oil refinery in decades. But that could change

The Australian government this week announced plans to construct a new large-scale oil refinery in Western Australia. If approved, it would be the first refinery to be built since the 1960s.

The Economic Times

Global Market: Japan's Nikkei swings between gains and losses as AI stock selloff persists

Japan's Nikkei index saw mixed trading as investors awaited major US tech earnings. AI and chip-related stocks continued to face pressure, tracking global weakness. Geopolitical tensions in the Middle East also contributed to market uncertainty and rising oil prices. However, strong earnings from select companies like Keyence provided some support.…

The Independent UK

Three easy bean salad recipes to make all summer long

Bold Bean Co’s Amelia Christie-Miller gives pulses their moment in these fresh, filling summer salads, writes Hannah Twiggs, from sumac-roasted chickpeas to honey-glazed halloumi and juicy tomatoes

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