The Latest Breaking News from Oil

65 weird-ass things that are actually super practical

These picks are cheap and strange yet practical, and they’ll make whoever's over at your place ask where you got it.

Mic · Aug 16

How To Squeeze Iran Financially. Is US Taking Aim At Chinese 'Teapot' Entities

Trump's latest announcement is likely to target independent Chinese refineries, known as "teapots." Teapots account for a quarter of Chinese refinery capacity. China accounts for more than 80% of Iran's ​shipped oil and teapots absorb much of this trade.

International Business Times · Aug 16

Iran’s oil is trapped while rivals’ exports from the Persian Gulf are poised to surge, but Tehran could do whatever it takes to break the chokehold

Satellite images revealed that Saudi ships on both sides of the Strait of Hormuz are preparing to transport oil out of the Persian Gulf.

Fortune · Aug 16

I Swear By Facial Cupping for a More Sculpted, Less Puffy Face—This £6 Tool Is My Secret

This simple at-home technique reduces puffiness and leaves my face looking noticeably more sculpted in minutes.

Marie Claire · Aug 16

ONGC gets US licence to resume full Venezuela operations, eyes operatorship

ONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing expanded production and new agreements. ONGC Videsh holds stakes in San Cristobal and Carabobo oil projects. The company expects to recover pending dividends and potentially take operatorship. India seeks to diversify…

The Economic Times · Aug 16

Government fixes LPG production targets for refiners, Reliance gets largest share

India has set maximum LPG production targets for refineries and upstream companies. This move aims to build a domestic supply buffer after import disruptions. The government will review these production schedules every six months. Companies must maintain adequate infrastructure for LPG storage and transport. This framework ensures adequate domestic availability…

The Economic Times · Aug 16

Will Sensex, Nifty continue to bleed on Monday? 4 factors which will drive D-Street action this week

Indian equities are likely to remain range-bound in the week of August 17–21, with elevated crude prices, global uncertainty and shifting US Fed expectations keeping investors cautious. Sensex fell around 500 points and Nifty 205 points last week, while broader markets declined further. Analysts highlight four key factors that could…

The Economic Times · Aug 16

Small, microcaps offer better alpha opportunities; midcaps look expensive: Equitree CIO Pawan Bharaddia

Indian equities may stay supported by a resilient domestic economy, but future returns are likely to depend more on earnings growth than valuation re-rating, says Pawan Bharaddia of Equitree Capital Advisors. He sees alpha opportunities in select small and microcaps, especially those with a ₹1,000–5,000 crore market cap, while largecaps…

The Economic Times · Aug 16

A Week in Jharkhand's Forest Interior Reveals What Adivasi Communities Have Always Known About Survival

The Silence That Arrives Before You DoSomewhere past Chaibasa, the highway stops pretending. The road narrows, the phone signal drops in stages, and the sal forest closes in on both sides with a density that feels less like scenery and more like a position the trees have taken. You are…

Times Life · Aug 16

PM urged to stick to spirit of Labour manifesto and reject Jackdaw and Rosebank

The plea to Andy Burnham comes from campaigners at Stop Climate Chaos Scotland.

The Independent UK · Aug 15