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The Latest Breaking News from Oil

65 Weird New Things on Amazon Under $25 With Amazing Reviews

Hundreds of bizarre new things land on Amazon every day — the ones here are backed by rave reviews, so you can be sure they’re worth the “Add to cart.”

Inverse

Falling Oil Prices Are Putting Pressure On African Exporter Budgets Across The Continent. But The Real Strain Is Showing In Nigeria's Heavy Dependence On Crude Revenue.

Falling oil price expectations are renewing pressure on African crude exporters, threatening government budgets that depend heavily on energy revenue just as debt costs, currency weakness and public spending demands remain elevated.

International Business Times

Man Puts Pennzoil Into His Sister’s Ford. Then He Sees What Comes Out Of The Pennzoil Container: 'You Should See 0W-8'

"Just look at this."

Motor1

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June: 10 mbpd, May: 3 mbpd: Gulf oil exports up, but 40% below pre-war level

Gulf oil exports surged past 10 million barrels daily in June, a significant jump from May, thanks to US military efforts securing the Strait of Hormuz. The UAE spearheaded this recovery, enabling millions of barrels to reach global markets and helping to stabilize oil prices. Despite this rebound, exports remain…

The Economic Times

Equities revive as US rate-hike risk eases

RECAP: Asian equities rebounded yesterday as the prospect of an imminent interest rate increase by the US Federal Reserve receded after data showed new job creation had declined sharply.

Bangkok Post

Woman Gets Her BMW’s Oil Changed. 48 Hours Later, She Needs A New Car: 'Please Explain To Me'

"I bet that $240.00 dealership oil change sounds good right about now."

Motor1

Oil Crash Masks A 2030 Supply Shock

Not so long ago, oil prices were firmly in the triple digits, with investors stressing over their further prospects and inflationary effects.

Benzinga

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New pipeline in Canada to proceed after C$150bn pledged to ease BC and First Nations concerns

Port expansion and protections for whales part of BC and Alberta plan to expand country’s presence overseas

The Guardian - US

Putin shrugs off fuel shortages in Russia as he ramps up attacks on Ukraine

President Vladimir Putin remains unfazed by Ukraine's attacks on Russian oil refineries, despite severe fuel shortages

The Independent UK

The beauty products worth spending on – and the ones you can buy cheap, according to a beauty editor

From serums to hand soap, fragrances to hair stylers, here are the beauty buys that justify the price tag and the ones you can happily get on a budget

The Guardian - UK

Our top 10 essentials to stay cool during a heatwave – no AC required

Fall back on these tried and tested products ranging from fans and mists to blackout blinds to beat the heat

The Guardian - US

India bonds rise for sixth straight week as foreign flows continue

Indian government bonds took a small step back on Friday, halting a strong six-week upward trend. The market's prior gains were supported by vigorous foreign investor interest, spurred by the prospect of being included in a global debt index and easing crude oil prices. Billions have flooded into Indian bonds…

The Economic Times

Brent Crude Could Sink to $60 a Barrel by Year-End Despite 'Temporary Flare-Ups' Between US and Iran, Citi Analysts Say

Analysts from Citi predict a significant drop in Brent crude prices to $60 a barrel by year-end, banking on the U.S.-Iran truce to hold.

Benzinga

Trump Once Said the US Did Not Need Canadian Goods— Now Mark Carney's New Oil Pipeline Could Open Exports Beyond US

Canadian Prime Minister Mark Carney on Thursday unveiled plans for a new oil pipeline in Canada’s Alberta Province to the country’s west coast, along the Pacific Ocean, which could open doors to oil exports to Asia.

Benzinga

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The Economic Times

E20 causes ‘minor’ drop in vehicle mileage, Puri says, as India gears up for E100 fuel

The Petroleum Minister acknowledged a minor drop in fuel efficiency with E20 petrol but highlighted improved acceleration and engine performance as key benefits. Despite consumer concerns about mileage and older vehicles, the government is pushing ahead with ethanol blending. India is also exploring higher blends like E25 and E85.

The Economic Times

Earnings growth to stay robust at 14–16%; IT correction a buying opportunity: Vikas Khemani

India's IT sector is poised for a comeback, with AI expected to boost, not hinder, growth. Vikas Khemani of Carnelian Asset Management sees excessive pessimism, presenting an attractive long-term opportunity. He highlights that historical tech shifts expanded the industry. Stock selection is crucial, favoring early AI adopters. Khemani also remains…

The Economic Times

Citi sees brent crude sliding to $60/bbl as supply fears ease

Geopolitical tensions easing around the Strait of Hormuz are expected to drive Brent crude prices down to $60 a barrel by year-end, according to Citi. Global energy markets are normalizing, with shipping resuming and Gulf producers increasing output. Despite this, Chinese buyers remain absent, and inventories are lower than anticipated,…

The Guardian - UK

UK service sector shrinks amid Iran war disruption and heatwave; FTSE 100 hits four-month closing high – business live

Rolling coverage of the latest economic and financial news

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The Economic Times

Food inflation projected to average 6% in FY27 amid rainfall deficit concerns: CareEdge Ratings

India faces a challenging economic outlook with food inflation projected at 6% and CPI at 5% in FY27, largely due to a severe monsoon deficit impacting agriculture. Despite a widening non-oil trade deficit, strong services exports and a surge in FDI inflows are providing crucial support. Remittances also show robust…

The Economic Times

Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?

Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Vedanta Aluminium Metal outperformed and gained 2%, drawing bullish calls from brokers including Emkay and Citi, which see strong upside potential driven by global aluminium demand, cost efficiencies,…

The Economic Times

Forget Nifty50 stocks: Smallcaps soar up to 200% in 2026. Will the mammoth rally continue?

Indian smallcap stocks are outperforming the Nifty 50, with some indices soaring up to 200% this year. This rally is fueled by improving earnings, strong domestic liquidity, and renewed investor interest in bottom-up stock picking. While some experts see continued growth potential, others caution about rising valuations and suggest large-caps…

The Economic Times

Oil Price Today (July 3): Crude oil heads for 4th weekly loss on Hormuz traffic, US-Iran talks. Where is liquid gold headed?

Brent crude hovered near the $71-a-barrel mark after briefly dipping below that level in the previous session, while US benchmark West Texas Intermediate (WTI) traded around $68 a barrel.

The Economic Times

Global Market Today: Asian stocks slip on AI woes, oil extends drop

Asian stocks dipped, mirroring a global tech sell-off fueled by concerns that the AI rally has overheated. Investors are questioning sky-high valuations amid rising costs and market competition. Meanwhile, US Treasuries saw yields fall after softer jobs data and lower oil prices eased expectations for further Federal Reserve rate hikes…

The Economic Times

We blew up Iran's radar: Trump says US carried out strikes on Iran for 3 consecutive days

US President Donald Trump revealed American forces conducted strikes on Iran for three consecutive nights, targeting radar systems in response to attacks on commercial shipping. He asserted the US Navy's blockade effectively prevented any ships from reaching Iran, severely weakening its economy. Trump also detailed how the US quietly escorted…

Barchart

Stock Indexes Settle Mixed as Chipmakers Retreat

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed unchanged, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.61%. September E-mini S&P futures (ESU26 ) fell -0.25%, and September E-mini Nasdaq futures (NQU26...

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