The Latest Breaking News from Oil

Rupee clings to two-week high as oil slides, intervention helps cement rise

The Indian rupee experienced a significant rebound on Tuesday, intensifying to its strongest position in two weeks. The decline in oil prices and the potential intervention by the central bank played crucial roles in this uplift, with state-run banks actively selling dollars to stabilize the currency. The Reserve Bank of…

The Economic Times · Jul 28

Marmite and Dove owner Unilever warns of price rises due to growing costs

Consumer goods group reports strong sales growth, owing in part to World Cup marketing campaigns

The Guardian - UK · Jul 28

Are Wall Street Analysts Predicting ExxonMobil Stock Will Climb or Sink?

ExxonMobil has outperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects.

Barchart · Jul 28

Viral video shows man lighting diya inside moving train, sparks fire safety concerns; watch

A viral video shows a passenger lighting an oil lamp and incense on a moving train. This act raised significant concerns about passenger safety and potential fire hazards. Smoke from the ritual could trigger the train's automated smoke detection system. Railways have requested details to investigate the incident and ensure…

The Economic Times · Jul 28

IndiGo bets on India's aviation boom despite West Asia turbulence, oil price risks

IndiGo expects strong air travel growth despite geopolitical tensions and volatile fuel prices. Rising incomes and urbanisation will power the airline's next phase of expansion. The company anticipates a growing middle class will remain the primary demand driver. IndiGo is expanding its international network and fleet for future growth. The…

The Economic Times · Jul 28

In 1982, Missouri discovered an entire town had been sprayed with dioxin-contaminated oil; 265,354 tons were incinerated, and the abandoned town became a state park

Times Beach became abandoned after dioxin-contaminated oil polluted its streets and floods spread the hazard. Federal officials initiated a buyout and a massive cleanup project using Superfund resources. High-temperature incineration treated thousands of tons of toxic materials from the affected town. The former community land was later transformed into Route…

The Times of India · Jul 28

India plans up to quarter of 2027 LPG imports from US, sources say

India plans to buy a quarter of its LPG imports from the United States in 2027. This move aims to reduce Middle East reliance and support trade deal efforts. State refiners will issue tenders for US LPG supplies within two months. Higher US energy purchases could help narrow India's trade…

The Economic Times · Jul 28

US Stock Market: Wall Street divided on Fed as rising crude prices boost rate hike expectations

The US Federal Reserve's policy meeting has become harder to predict as surging oil prices and renewed geopolitical tensions raise the risk of persistent inflation. While most brokerages still expect rates to remain unchanged, some now see a growing possibility of surprise hikes, with markets significantly increasing the odds of…

The Economic Times · Jul 28

I'm married to a plumber — here are 3 costly mistakes you could be making right now

Having a plumber for a husband is super handy, and to share the wealth. I asked him for his top expert-approved tips to help avoid common household mistakes.

Tom’s Guide · Jul 28

Weak investments, higher oil prices to slow India's GDP growth to 6.6% in FY27: Poll

India's economic growth is projected to slow significantly this fiscal year. Private investment remains weak, and higher oil prices will impact domestic demand. Economists suggest official figures may overstate the economy's true underlying strength. Companies hesitate to expand capacity due to demand uncertainty and global factors. The Reserve Bank of…

The Economic Times · Jul 28