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The Latest Breaking News from Oil

Markets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on Iran

Trump told Axios "the clock is ticking" for Iran and warned if the regime doesn't make a better deal "they are going to get hit much harder."

Fortune

‘Something Feels Wrong’: Dealership Changes Oil In Woman’s Ford. Then A Wheel Falls Off On Her Way Home. That’s Just The Beginning

A Ford Bronco owner says she noticed something wasn't quite right with her vehicle after getting an oil change and tire rotation.

Motor1

Trump’s ‘peace deal’ in tatters as Russian missiles slaughter 24 in Kyiv, and Zelenskyy’s response just leveled one of Putin’s biggest refineries

Donald Trump’s so-called peace deal is unraveling fast after Russian missiles obliterated a Kyiv apartment block, killing 24 people including three children. Ukrainian President Volodymyr Zelenskyy didn’t waste time retaliating, launching a massive drone strike that just leveled one of Russia’s biggest oil refineries. The exchange marks a brutal escalation…

The Mary Sue

From analysis to the latest developments in health,
read the most diverse news in one place.

Cuba stockpiles drones and creates list of American targets amid U.S. blockade and takeover threats, report says

Cuba is in the midst of a humanitarian and energy crisis after months of a de facto U.S. blockade on oil imports

The Independent UK

'Fight relentlessly': Ukraine commander vows strikes into Russia

Ukraine's unmanned forces commander, "Madyar," is orchestrating deep strikes into Russia, targeting defense and oil facilities to cripple war funding. These increasingly frequent attacks, aimed at retribution, are enabled by more resources and the gradual dismantling of Russian air defenses, keeping Moscow on edge.

The Economic Times

From uranium transfer to frozen assets, US sets 5 conditions in response to Iran’s proposal

Iranian media reported on Sunday that the United States “offered no tangible concessions” in its latest response to Tehran’s proposed agenda for negotiations aimed at ending the war that began with joint US-Israeli strikes on February 28 and has remained paused since April 28.

The Times of India

Ukrainian drone strikes on Russia kill 4, wound 12 others, while debris lands on Moscow airport

Ukraine conducted a major drone attack on Russia, resulting in casualties and damage near Moscow. Russian air defenses intercepted many drones. This action is seen as retaliation for recent Russian strikes on Kyiv. The attacks highlight Ukraine's capability to strike deep into Russian territory, impacting ordinary citizens and potentially increasing…

The Economic Times

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The American epoch of oil is collapsing. What comes next could be ugly

China is dominating the energy transition with astonishing result, while fossil fuel fascists in the US try to turn back the clock

The Guardian - US

Ninja's new saucepan set just proved it can make non-toxic stainless steel pans that are as good as its air fryers – I was wowed by it in my kitchen

Having reviewed a lot of Ninja appliances, it didn’t surprise me that the brand's cookware is also capable and well made

Ideal Home

Ukrainian drone strikes on Russia kill 4 and wound 12 others, while debris lands on a Moscow airport

Russian officials say overnight Ukrainian drone strikes killed at least four people including three near Moscow

The Independent UK

Market Trading Guide: 2 stock ideas for Monday with up to 8% near-term gains

Nifty ended lower on Friday, breaking a two-session winning streak as banking, metal and realty stocks dragged the index below the 23,800 zone. Analysts see a bearish setup with resistance at key EMAs and support near 23,500. Amid volatility, two technical stock picks, Kirloskar Oil and Wheels India, signal short-term…

The Economic Times

NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures

The NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an NCLT order that had clubbed the two cases. The tribunal emphasized the distinct business sectors of VIL (consumer electronics) and VOVL (oil) and the creditors' intent for independent resolutions, a…

The Economic Times

India may negotiate Iran-backed oil corridors as Hormuz recovery looks distant: Moody’s

India and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of Hormuz is not expected by 2026. This will lead to gradual, but slow and uncertain, improvements in energy transit. Higher and volatile oil prices will impact economies.

The Economic Times

India's trade deficit pressures could persist through 2026 as electronics imports surge, export outlook stays fragile

Indias trade deficit faces pressure in coming months. Elevated crude prices and supply disruptions impact exports. A potential global demand slowdown adds to concerns. Rupee depreciation may offer some support. A recent hike in bullion import duty could provide near-term relief to the deficit. Electronics deficit reached an all-time high.

The Economic Times

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The Economic Times

India must push solar, grid reforms to navigate oil price rise: Ex-NITI Aayog member Arvind Virmani

The Economic Times

FTAs, lower import duties, better business environment to boost net FDI flows: ADB chief economist

Foreign investment in India needs a boost. ADB Chief Economist Albert Park suggests free trade agreements and lower import tariffs. Strengthening manufacturing infrastructure and urban planning will attract more capital. Higher oil prices are expected to persist, impacting India's GDP growth and inflation. Reforms are ongoing, and continued momentum is…

The Economic Times

Flying from Japan? Your air ticket may soon cost more

International travel from Japan will become costlier this summer. Japan Airlines and All Nippon Airways are raising fuel surcharges on international tickets. This change applies to bookings made in May and June 2026. Higher prices are linked to increased jet fuel costs. Flights to North America and Europe will see…

The Economic Times

FPIs pull out Rs 27,000 cr in May; 2026 outflows hit Rs 2.2 lakh cr-mark

Himanshu Srivastava, Principal - Manager Research at Morningstar Investment Research India, said the latest outflow trend reflected persistent uncertainty surrounding global growth, elevated geopolitical tensions across key regions and volatility in crude oil prices, which continued to weigh on risk appetite towards emerging markets, including India.

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The Economic Times

India's Rs 1.7 lakh crore fuel crisis may have found an unlikely fix

India faces high energy import costs and a weakening ₹. A Monaco company, FOWE Eco Solutions, presents a water-based fuel emulsion technology. This innovation promises major fuel savings and emission reductions for Indian industries. The technology requires no engine modification or plant shutdowns. Trials in India show promising results for…

The Economic Times

Will Nifty, Sensex extend losses on Monday? These 5 factors will drive D-Street action this week

Indian markets ended the week sharply lower amid a record rupee slide, surging oil prices and weak global cues. Investors remain cautious as geopolitical tensions, rising US bond yields and foreign outflows weigh on sentiment. The coming week is expected to be volatile, with macro triggers likely to dictate D-Street…

The Economic Times

'Fuel scarcity' hits livelihood in Odisha, govt assures people of situation normalisation by Monday

Odisha faces fuel scarcity, impacting daily wage earners and transport operators. The state government attributes the situation to panic buying and supply chain disruptions. Officials assure normalcy within 48 hours, with oil companies working to restore distribution. Citizens are urged not to panic as sufficient stock is available.

The Economic Times

India scrambles to steady rupee as oil shock bites

India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world's fastest-growing major economy. The depreciation has punctured India's ambition to become the world's third-largest economy.

Newslaundry

South Central 75: Is it time to do away with NEET?

In this episode of South Central, hosts Dhanya Rajendran and Pooja Prasanna first discuss the NEET exam paper leak and the subsequent developments. In the second part of the discussions, the hosts discuss the austerity measures announced by PM Modi, including a ban on exports and judicious use of oil…

The Economic Times

CNG prices hiked again: Delhi CNG crosses Rs 80/kg after Re 1 hike, second increase in 48 hours

Indraprastha Gas Limited has increased compressed natural gas prices again. This is the second hike in two days. Commuters in Delhi-NCR will now pay more for fuel. CNG in Delhi now costs Rs 80.09 per kg. Noida and Ghaziabad rates are Rs 88.70 per kg. Gurugram's new rate is Rs…

The Economic Times

India's demand-side push could build USD 37.8 billion forex shield as high oil prices threaten fiscal stability: Brickwork Ratings

With crude prices likely to stay above USD 100 per barrel for the rest of 2026 and the rupee under pressure near INR 95/USD, Brickwork Ratings says Prime Minister Modi's seven behavioural appeals could provide India with a USD 37.8 billion forex buffer this fiscal year. The report argues that…

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