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The Latest Breaking News from Oil

AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says

Morgan Stanley has recommended a strategic pivot in market investments, directing attention from semiconductor stocks to AI-based giants such as Alphabet and Amazon. This shift is fueled by expectations of reduced rate hikes and a decline in oil prices, which favor sectors like consumer discretionary, transport, and biotech. As major…

The Economic Times

Bhutan editor stands by E20 report after Modi govt denial

Last week, Bhutanese newspaper The Bhutanese reported that Bhutan had declined an offer from Indian Oil Marketing Companies (OMCs) to supply E20 petrol.

Newslaundry

Wall Street Wants To Trade AI Compute Like Oil. Is The AI Boom Creating Finance's Next Big Market?

Financial firms are expanding efforts to create standardized markets for AI computing power, bringing commodity-style trading tools to one of the fastest-growing sectors in technology.

International Business Times

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Trump Has Accused Oil Companies Of 'Gauging' Consumers. South Korean Prosecutors Have Done Exactly That.

Four major oil refiners in South Korea have been indicted over alleged price collusion.

International Business Times

Current price of oil as of July 6, 2026

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

Fortune

The ‘navalization’ of economic warfare sees trade routes become zones of force rather than rules

With more than 80% of global trade by volume being transported by sea, maritime shipping lanes are indispensable to the world economy. That fact was starkly illustrated by the war in Iran, which saw Tehran effectively close the Strait of Hormuz to commercial traffic and Washington respond with a blockade…

The Conversation

Ukrainian Drone Strikes Keep Hitting Russian Energy Infrastructure. Moscow Is Increasingly Feeling The Pain.

Ukrainian drone strikes are increasingly targeting Russia's oil refineries and storage facilities, disrupting fuel production and distribution, and creating economic challenges for Moscow amid ongoing conflict.

International Business Times

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Smoke, soot and toxic fumes: Nigerian families living in shadow of burning oil well six years after blowout

Villagers in Awoye in the Niger Delta say the ongoing pollution is causing sickness and environmental destruction, while pleas for help go unanswered

The Guardian - UK

Nearly all of Russia's 83 regions face fuel supply disruptions amid Ukrainian strikes

Russia is grappling with widespread fuel shortages, with nearly all its regions experiencing gasoline disruptions. Ukrainian drone strikes on oil refineries are blamed for the crisis, leading to rationing and long queues at gas stations. Moscow is now scrambling to stabilize supplies, considering export bans and increasing imports, even from…

The Times of India

Vegan bolognese, naan pizza and chicken traybake: three nutritious meals that are perfect for students

You don’t need the latest gadgets, fancy ingredients or a big budget to make delicious meals for you and your friends – but planning is key

The Guardian - UK

Rupee hits three-week low at 95.39 vs USD as firmer dollar, NDF maturities pinch

The Indian rupee touched a three-week low against the dollar on Monday, influenced by a stronger greenback and demand for foreign currency. While falling oil prices and measures to boost dollar inflows offered some support, corporate arbitrage trades added to the pressure. Analysts at Goldman Sachs have revised their rupee…

The Economic Times

7 Powerful Kalashtami Rituals for Protection and Peace

There are many sacred days in the Hindu calendar, but few carry the intensity and spiritual depth of Kalashtami. Dedicated to Lord Kaal Bhairav, the fierce and protective form of Lord Shiva, this day is believed to remove negativity, strengthen inner courage, and protect devotees from unseen obstacles. Every month,…

MyLifeXP

OPEC+ agrees another modest output rise as oil prices fall back to pre-war levels

Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, adding supply just as crude prices slide back to levels not seen since before the Iran war erupted.

Euronews

Russia's Fuel Crisis Deepens as Ukrainian Drone Strikes Hit Energy Infrastructure

International Business Times UK

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The Economic Times

Global Market: European shares steady as investors track deal activity; easyJet jumps on takeover proposal

European shares held steady as dealmaking took center stage, with a potential takeover of easyJet by Castlelake boosting travel stocks. Declining oil prices also supported sentiment, though geopolitical tensions remain a concern. Ferrari's new manual gearbox sports car launch pleased enthusiasts, while Thales' drone acquisition plans were noted. Investors are…

Digital Camera World

Considering a Nikon D600 camera? Then be aware of this shutter flaw that could spoil your images before you buy

The Nikon D600 is an attractive DSLR for beginners on a budget, but it became notorious for leaking oil onto the sensor, leaving unwanted spots on images

The Economic Times

Global Market: Japan's Topix rises on oil price drop, Nikkei weighed down by tech

Japanese stocks saw a positive start to the week, with the Topix index extending its winning streak to six sessions, buoyed by falling oil prices and a strong global market. While the tech-heavy Nikkei 225 remained flat, sectors like shipping and autos surged. Investors are closely watching central bank policies…

The Economic Times

Global Market: Kospi slides after early surge as AI stocks face valuation pressure

Indian investors are watching as South Korean stocks reversed early gains due to concerns over high valuations in AI-linked companies. Despite this, broader Asian markets found support from falling crude oil prices. SK Hynix's upcoming US listing and Samsung Electronics' expected profit surge highlight continued AI demand, even as regional…

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International Business Times UK

OPEC+ Approves August Oil Output Increase While Warning It May Reverse Course

OPEC+ will increase oil production by 188,000 barrels daily from August, continuing to adjust output based on market conditions. Future production changes remain flexible, with monthly reviews planned.

The Economic Times

India bonds track Treasury gains; monsoon, foreign inflow lend support

Indian government bonds saw a rise on Monday, mirroring gains in U.S. Treasuries. Improved monsoon forecasts and consistent foreign investment bolstered market sentiment. The benchmark 10-year bond yield dipped below a key technical level, signaling potential for further declines. Strong overseas inflows and easing oil prices also contributed to the…

The Guardian - UK

Crete treats: a chef’s tour of her favourite Greek island

The island has a culinary tradition as old as its ancient olive trees. Our writer savours its family-run tavernas, village bakeries and local produce

The Economic Times

Vedanta Oil & Gas, Vedanta Iron & Steel, Vedanta Power shares crash up to 8% post Q1 updates; Vedanta Aluminium rises

Shares of Vedanta's recently demerged entities traded mixed after their Q1 business updates. Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power fell up to 8% on weaker operational performance, while Vedanta Aluminium Metal gained after reporting record quarterly aluminium production.

The Independent UK

US futures and Asian shares are mixed while oil prices decline as some exporters opt to raise output

Asian shares and U.S. futures are mixed following a long weekend on Wall Street

The Guardian - UK

Sabzi and thoran: Maunika Gowardhan’s recipes for Indian-style runner beans

The distinct spices and flavours of their respective regions make these approaches to runner beans uniquely different, but equally flavourful

The Independent UK

Iran-US war latest: Khamenei’s funeral procession begins in Tehran as mourners threaten Trump

Thousands gathered to mourn Khamenei as Trump boasts ‘one shot’ could take all the regime’s leaders ‘out’

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