The Latest Breaking News from Oil

Robert Smith, Thom Yorke and Brian Eno among names to sign anti-Rosebank letter

IN FULL

The Independent UK · Aug 17

Bitcoin hovers near $63K ahead of Fed rate decision as investors assess liquidity outlook

Bitcoin hovered near $63,000 as investors awaited Federal Reserve guidance, with weak ETF flows, geopolitical tensions and elevated oil prices pressuring risk appetite. Analysts highlighted $62,300 support and $63,300-$64,000 resistance, while Ethereum and major altcoins showed mixed performance amid broader consolidation.

The Economic Times · Aug 17

A tale of two Dan Sullivans: Republicans with same name contest Alaska primary

Democrat Mary Peltola, who won the red state’s House seat twice, is also running to unseat the incumbent senator

The Guardian - US · Aug 17

How to clean tarnished copper using a simple bottle of ketchup kept on your kitchen shelf? Experts explain the science behind preventing oxidation for good

Copper tarnish results from a natural chemical reaction with its environment. The acid found in ordinary tomato ketchup effectively removes this tarnish. Always test a small, hidden spot before cleaning your copper items. After applying and gently polishing, rinse and dry the copper thoroughly. Sealing with oil or wax helps…

The Economic Times · Aug 17

Iran-US war latest: Ship attacked in Strait of Hormuz as Trump casts doubt over peace deal

Iran said it reached an agreement with Oman over a plan for ships to transit the Strait of Hormuz

The Independent UK · Aug 17

RBI's heavy FX footprint revives memories of a tightly managed rupee

The Reserve Bank of India has stepped in, providing crucial support for the rupee amidst global economic uncertainties. State-run banks are actively engaging in dollar sales to ensure currency stability, reminiscent of a time when central bank measures were more decisive. Despite fluctuating oil prices, the rupee remains largely stable,…

The Economic Times · Aug 17

Asian shares are mostly higher while US futures and oil prices hold steady

Shares are mostly higher in Asia after U.S. stocks edged back from their all-time high following a weaker than expected report on the U.S. economy

The Independent UK · Aug 17

Rosebank consultation closes in ‘major step’ ahead of UK Government decision

Developers Adura argue the development would have ‘real economic benefits’ but environmentalists fear the impact of extracting more fossil fuels.

Evening Standard · Aug 17

Global Market: Japan stocks edge lower after GDP growth misses forecasts

Japanese equities traded mostly lower as weaker-than-expected economic growth and elevated oil prices weighed on investor sentiment. Concerns over Middle East tensions, inflation and rising bond yields added to the pressure, while a weak market breadth reflected cautious investor sentiment. The Nikkei 225 and Topix both declined in early trading.

The Economic Times · Aug 17

Ukraine takes aim at Russia’s economy and morale by attacking online retailer

Day after day over recent weeks, Ukrainian drones have pummeled giant depots belonging to Wildberries, the country’s biggest online retailer, burning estimated billions of dollars’ worth of merchandise and bringing the war home to the broad public

The Independent UK · Aug 17