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The Latest Breaking News from Oil

Asian shares trade mixed and Kospi falls 3% as oil prices keep swinging

Asian shares are mixed as uncertainty about what will happen with the Iran war roils global markets

AAP

India says it will continue to buy Russian oil

IN FULL

The Independent UK

The UAE's image as a Middle Eastern haven is tested by the Iran war

The United Arab Emirates for decades advertised itself as a haven for business in the Middle East

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

India’s rising oil imports push trade deficit into risky territory: Crisil

India’s oil trade deficit is expected to widen significantly in FY27 due to rising crude oil prices and weakening petroleum exports, according to a report by Crisil. The report warned that India’s heavy dependence on imported crude could put added pressure on the country’s external finances, with the current account…

The Economic Times

Forget tariffs and the Iran oil shock—a top economist says the Fed is blind to the real inflation threat

"We have an aggregate demand issue, not a supply disruption issue," says William Luther, an associate professor at Florida Atlantic University.

Fortune

High gas prices are just the beginning: How the Iran war is changing the global energy map

The largest global energy-supply shock in history is causing chaos around the world. Here are the winners and losers.

Fortune

Oil above $100: How soaring crude prices are hitting India - explained in 10 charts

Geopolitical tensions in the Middle East are significantly impacting India's economy. Rising crude oil prices have led to a Rs 3 per litre fuel hike, eroded investor wealth by over Rs 5.85 lakh crore, and pushed the rupee to an all-time low. Foreign investors are also withdrawing funds, while the…

The Economic Times

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Airlines plead with state-run oil majors to postpone jet fuel hikes

Indian airlines are urging state-run oil refiners to postpone jet fuel price increases for domestic flights. This move aims to ease financial pressures and mounting losses for carriers like Air India, IndiGo, and SpiceJet. Discussions are ongoing, with the oil ministry involved. A decision is expected soon. Refiners are currently…

The Economic Times

Oil prices slip as Trump calls off planned military strike on Iran

Oil prices fell on Tuesday as Donald Trump announced he was calling off a planned military attack on Iran.

Euronews

Rupee finds some footing on dollar offers from state-run, foreign banks

The Indian rupee edged higher on Tuesday, recovering from an early dip near an all-time low. Dollar offers from state-run lenders and foreign banks provided support, with traders suspecting central bank intervention. The rupee faces ongoing pressure from a widening trade deficit, subdued capital inflows, and rising oil prices.

The Economic Times

Has Russia lost 10% of its refining capacity? Ukraine launches drones as Moscow attacks Danube port city

Ukraine launched drone strikes on Russian regions, including those housing oil infrastructure, while Russia retaliated with attacks on Ukrainian port facilities. President Zelenskyy highlighted a significant drop in Russia's oil refining capacity due to these actions. Efforts to end the protracted conflict remain stalled, with both sides continuing cross-border strikes…

The Times of India

India's edible oil imports rise 3% in FY26 on Nepal duty-free surge, industry body says

India's edible oil imports increased by 3 per cent in the last fiscal year owing significant to a boost from duty-free shipments from Nepal. Nepal's edible oil exports to India more than doubled. India relies heavily on foreign supplies for edible oils.

The Economic Times

India vows to keep purchasing Russian oil, US ‘waiver or no waiver’

India’s imports from Russia has hit record levels driven by the disruption of Middle Eastern supplies from the Iran war

The Independent UK

The UAE's economy and image as Mideast haven are tested by war

The United Arab Emirates for decades advertised itself as a haven for business in the Middle East

The Independent UK

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The Economic Times

Hospitals and LIC Housing are the best bottom-up bets right now, says Varun Saboo

Markets face a tricky situation with rising crude oil, a weakening rupee, and increasing global interest rates. Varun Saboo advises ignoring sector calls and focusing on safe, stock-specific investments. He highlights the hospital sector for its operating leverage and LIC Housing for its structural advantage. Investors should seek businesses with…

France 24

Putin seeks to reinforce China ties after Trump-Xi summit

Russian President Vladimir Putin arrived in Beijing on Tuesday for talks with Chinese leader Xi Jinping, aiming to project unwavering ties between the two powers just days after US President Donald Trump’s high-profile visit sought to steady US-China relations.

The Economic Times

IOC shares jump 3% after Q4 net profit rises 78% YoY. Here's what Motilal Oswal says

IOC shares saw an uptick on Tuesday after the company reported a 78% YoY jump in Q4 FY26 net profit to Rs 14,458 crore. Revenue grew 7% to Rs 2.37 lakh crore. Motilal Oswal maintained a ‘Neutral’ stance, noting strong EBITDA beat, improved margins, debt reduction, and resilience despite Middle…

The Economic Times

Gold prices snap 2-day fall, silver at Rs 2.75 lakh/kg. What should you do amid Iran war uncertainty?

Gold prices rose while silver declined on MCX Tuesday as a weaker dollar and cooling crude oil prices influenced sentiment. Gold gained after U.S. President Donald Trump delayed a planned strike on Iran, easing concerns over oil supply disruptions and inflation.

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International Business Times UK

Katie Price Reaction To Lee Andrews' Alleged Kidnapping – Promote Her CBD Oil To 'Relax' And Manage 'Anxious Anxiety'

Katie Price discusses her husband's disappearance in Dubai, promoting her CBD products for anxiety relief. The situation has sparked mixed reactions on social media due to the timing of her endorsement

The Guardian - UK

‘Should we leave them to die?’ The battle over how to save orangutans from the curse of palm oil

The long read: As new settlers clear their forest habitat, the apes are coming into conflict with humans. But simply moving them to another part of the forest may not be the answer

The Economic Times

Sensex drops 114 points, Nifty below 23,650 as rupee hits fresh lifetime low; broader markets outperform

Indian markets ended lower on Tuesday as Sensex and Nifty erased early gains amid rupee weakness, even as volatility cooled. IT stocks outperformed while banking and FMCG names dragged indices. Broader markets stayed resilient, FIIs extended buying, and analysts highlighted key resistance levels amid persistent macro headwinds.

The Economic Times

Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?

Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, with prices rising by approximately 90 paise per litre. This move aims to alleviate financial pressure on OMCs amid elevated global crude prices and geopolitical…

The Independent UK

Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging

Asian shares are mostly lower as uncertainty about what will happen with the Iran war roils global markets

The Independent UK

Iran-US war latest: Vance ‘not certain’ about peace deal as he warns US military ‘locked and loaded’ to resume strikes

The US president earlier said the military may launch “another big hit” on Tehran if a peace deal is not agreed

The Economic Times

Oil Price Today (May 19): Crude oil retreats from $110 as Trump delays planned strike on Iran. Where are prices headed?

Oil prices dipped Tuesday after President Trump delayed a planned military strike on Iran, following appeals from Middle Eastern leaders. This de-escalation eased immediate concerns over global crude supply disruptions. Analysts warn that a prolonged closure of the Strait of Hormuz could still impact markets significantly.

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