The Latest Breaking News from Oil

This beauty brand has cut my makeup routine down to just 5 minutes

From the complexion stick to the flush balm, Merit has streamlined my makeup bag

Evening Standard · Aug 20

The Iran war energy crisis is just getting started

The Iran war has severely impacted global oil refining, causing diesel and gasoline prices to remain elevated. Refined product prices have surged significantly, unlike crude oil benchmarks. Disruptions have depleted fuel stockpiles, creating a substantial shortfall in global production. This situation suggests a prolonged period of energy-driven inflation for consumers…

The Economic Times · Aug 20

Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’

Smaller, private U.S. oil producers are beginning to ink deals in Venezuela as the dilapidated energy industry evolves.

Fortune · Aug 20

China boosts imports of Russian crude, stymieing India's refiners

China's growing demand for Russian crude oil is impacting India's supply. India's imports from Russia's European ports have significantly decreased recently. This shift means India struggles to replace its reduced Russian oil volumes. Consequently, India's total crude imports have reached their lowest point since the conflict. This situation could worsen…

The Economic Times · Aug 20

Rupee rises 17 paise to 95.56 against US dollar in early trade

During early trading on Thursday, the rupee showed resilience, strengthening against the US dollar as a result of the US Treasury's unexpected announcement to increase bond buyback operations. This led to a decline in the dollar index to its lowest point since late May. Meanwhile, the dollar faced added pressure…

The Economic Times · Aug 20

Oil Price Today (August 20): Crude oil above $92/barrel as Trump vows ‘tremendous’ economic warfare on Iran

As tensions rise in the US-Iran conflict, oil prices remain steadfast above ninety-two dollars per barrel. Concerns loom over the security of shipping routes through the crucial Strait of Hormuz. While analysts predict a steady increase in oil prices amid ongoing regional instability, institutions like JPMorgan and Goldman Sachs suggest…

The Economic Times · Aug 20

Iran-US war latest: Tehran accuses Trump of ‘economic terrorism’ after he vows to crush it with sanctions

Over 750 members of the US military have been injured since the Iran war began

The Independent UK · Aug 20

Longest on record! Nifty fails to cross previous day's high for 12 straight days. Will it surpass today?

The Nifty index has struggled to break its previous day's high for an astonishing twelve sessions in a row. This unusual sequence is coinciding with investors evaluating robust quarterly earnings against looming global uncertainties. Market trajectories are now closely tied to the stability of crude oil supplies and liquidity in…

The Economic Times · Aug 20

Oil prices steady as investors assess US-Iran war outlook

Oil prices stabilized as market participants evaluated the potential implications of the ongoing U.S.-Iran conflict. Shipping activity in the Strait of Hormuz faced disruptions due to rising tensions in the region. Last week's data revealed an increase in crude and gasoline inventories in the United States. Heightened volatility from conflicts…

The Economic Times · Aug 20

Cellular Jail in Port Blair Is the Dark Tourism Site Every Indian Should Visit Once

The building does not let you be a touristThe first thing you notice at Cellular Jail is that the corridors are narrow. Not dramatically narrow, not narrow in a way that photographs convey, narrow in the way that makes your shoulders tighten, that makes you aware of your own body…

Times Life · Aug 20