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The Latest Breaking News from Oil

What could US-Iran peace deal mean for UK household costs?

The impact on petrol and food prices, energy bills and mortgages if the truce holds and strait of Hormuz reopens

The Guardian - UK

Chennai Petroleum Corporation gets Navratna status, becomes 28th such CPSE

Chennai Petroleum Corporation Ltd (CPCL) has achieved Navratna status, a significant upgrade granting it greater financial and operational autonomy. This elevation, approved by the Union Finance Minister, makes CPCL the 28th such enterprise in India. The company, a subsidiary of IndianOil, boasts a substantial refining capacity and a diverse product…

The Economic Times

Swinney vows SNP will ‘consider the implications’ of Aberdeen South defeat

SNP leader John Swinney said the Tories had managed to capture ‘understandable anger’ felt in the area over the future of the oil and gas sector.

Evening Standard

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Israel and Hezbollah agree to renew their ceasefire, officials say

Israel and the Hezbollah militant group have agree to renew their ceasefire after fighting postponed Iran-U.S. talks in Switzerland

AAP

Oil Prices Muted As U.S.-Iran Talks In Switzerland Get Postponed

Oil prices were largely muted on Friday amid uncertainty over negotiations between the U.S. and Iran to fully cease hostilities and address Tehran's nuclear ambitions.

International Business Times

India 10-year yield snaps 6-day falling streak as US-Iran talks stall

India's benchmark 10-year bond yield saw a pause in its recent drop on Friday. This change was fueled by stalled talks between the U.S. and Iran, which caused oil prices to tick up, negatively impacting investor sentiment. Additionally, profit-taking by traders following a strong bond price increase played a role.…

The Economic Times

RBI MPC member Nagesh Kumar flags import dependence, Gulf remittances, El Nino risks in minutes

India faces significant economic risks from the West Asia conflict, including potential disruptions to oil and fertilizer imports via the Strait of Hormuz and reduced remittances from the Gulf. El Niño-induced monsoon failures also pose a threat to agriculture. Despite these vulnerabilities, the nation's strong foreign exchange reserves and fiscal…

The Economic Times

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Florida Man Drains All The Oil Out Of A Nissan. Then He Replaces It With Maple Syrup From Dollar General: 'I Think It Runs Better'

"It’s maple syrup in an engine..."

Motor1

Talks between the US and Iran are called off because of fighting in Lebanon, officials say

Talks between the U.S. and Iran were called off on Friday after intense fighting between Israel and Hezbollah in southern Lebanon

AAP

Labour obsessed with internal drama, says Badenoch as Tories win by-election

The Conservative leader hit out at Sir Keir Starmer as she celebrated victory in Aberdeen South.

Evening Standard

Fifa urged to drop Saudi oil giant Aramco as activists target World Cup

Fifa has defended its Aramco sponsorship, saying revenues are reinvested back into football at all levels

The Guardian - US

Why Mountain People Still Love This Healthy Pahadi Food ?

In a world filled with trendy superfoods and expensive health supplements, some of the most nutritious foods are still hiding in the mountains. One such ingredient is Linguda, a wild fern that has been a part of Pahadi kitchens for generations. While many people have never heard of it, those…

MyLifeXP

Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaul

Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reliance is committed to ensuring India's energy security by future-proofing its legacy business…

The Economic Times

Rupee records strongest week in 11 as bond inflows, softer oil prices lend support

The Indian rupee maintained steady ground against the dollar last Friday, closing almost flat. The day’s trading featured some ups and downs, yet the rupee celebrated its best weekly performance in eleven weeks, thanks to a surge in foreign investments into Indian markets.

The Economic Times

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The Economic Times

From Hormuz shock to energy security: How Reliance kept India's fuel lifeline intact

Reliance Petrochemicals, Reliance Oil Business, AGM 2026: Reliance Industries ensured energy security during a West Asian conflict. The company redirected domestic natural gas to critical sectors. It also increased LPG supplies fourfold. This action bridged import disruptions and maintained cooking fuel availability nationwide. Reliance's oil and gas business showed strong…

Kiplinger

How Global Geopolitics Shape Oil and Gas Investing: What Investors Need to Keep in Mind

Investors should look at energy investing as a strategic asset class influenced by policy, security, infrastructure and capital discipline.

AAP

World shares are mixed and US futures fall after a tech-led rally on Wall St

Shares have opened higher in Europe but were mostly lower in Asia, with markets in Greater China closed for holidays

Evening Standard

Kemi Badenoch hails by-election win as showing Tories ‘working to regain trust’

The Conservative leader spoke out after her party’s ‘seismic’ victory in Aberdeen South, taking the seat from the SNP with a majority of over 6,000.

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The Economic Times

Reliance AGM 2026 Key Highlights: From Jio IPO, AI ventures to retail bets, check key announcements by Mukesh Ambani

RIL AGM 2026 Key Highlights: Reliance Industries Chairman Mukesh Ambani unveiled major plans at the company's annual general meeting. Key announcements included the upcoming Jio IPO, significant investments in artificial intelligence, and expansion in new energy and retail sectors. The company highlighted its strong financial performance and commitment to India's…

Homes & Gardens

Summer Solstice Is The Best Day To Harvest Herbs For Peak Flavor And Fragrance, Say Garden Experts

Why the longest day is also the most important one in your herb garden

The Economic Times

At the gates of Hormuz, 80 million barrels of oil are on standby

Large volumes of crude oil are waiting in the Persian Gulf and are ready to move through the Strait of Hormuz if shipping activity resumes following an interim US-Iran agreement aimed at restoring transit in the waterway.

The Times of India

Black rain, smoke over Moscow: Russia-Ukraine trade bombs, drones and missiles as war intensifies

Ukraine launched a significant drone attack on a major Moscow oil refinery, causing a large fire and disrupting airport operations. This strike, occurring after pledges of Western support, underscores Kyiv's strategy to pressure Russia's energy infrastructure and escalate the conflict's domestic impact.

The Economic Times

Vedanta Aluminium, other demerged stocks surge up to 5%. Which has been the best performer since market debut?

Vedanta’s newly listed demerged entities outperformed the broader market on Friday, with shares of Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power and Vedanta Oil and Gas rising up to 5%. The rally comes days after their market debut following Vedanta’s mega demerger.

The Economic Times

AI Euphoria, Fed Signals and Oil Politics: David Roche warns markets may be ignoring bigger risks

Global markets are optimistic about AI and easing inflation, but David Roche warns of deeper structural risks. He believes the AI investment boom is unsustainable and the recent oil deal, while lowering prices, strengthens Iran's strategic position. Roche anticipates inflation will remain contained due to falling oil prices and the…

The Economic Times

MTAR Technologies shares surge 5%, deliver multibagger returns of 138% in just 3 months

MTAR Technologies shares surged to a fresh 52-week high, extending a remarkable 138% rally in three months. Strong international order wins, upgraded FY27 revenue guidance of over 80%, robust earnings growth, and expanding opportunities in clean energy, aerospace, nuclear, and oil & gas have fueled investor enthusiasm.

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