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The Latest Breaking News from Oil

PetroChina, Indian Oil fail to secure tankers to load Iraqi crude

PetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinochem is searching for a tanker. High shipping rates and transit concerns persist. This follows an interim deal between the United States and Iran. Indian Oil Corp declared force majeure…

The Economic Times

Brent crude expected at USD 90-95/barrel, raising India's CAD risk: Crisil

India's current account deficit is projected to widen significantly. Higher crude oil prices are expected to drive this increase. This will put pressure on the economy. Experts anticipate Brent crude to average between USD 90-95 per barrel this fiscal. This is a substantial rise from previous levels. The deficit is…

The Economic Times

India treads cautiously as Trump seeks fresh start with PM Modi

US President Donald Trump and Prime Minister Narendra Modi struck a friendly tone during their first face-to-face meeting in over a year, with Trump calling Modi a long-time friend and a tough trade negotiator despite his calm demeanor.

The Economic Times

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Video: Hundreds of drones target Russia in major Ukrainian attack

Russian officials said Ukraine launched one of its largest drone attacks of the war. Images and video released by the Russian media showed massive fires raging at the Moscow Oil Refinery, located about 15 kilometers from the Kremlin. Thick black clouds of smoke rose over the city.

Euronews

Ukraine hits Moscow refinery in major attack on capital

Ukraine has hit a Moscow oil refinery for a second time in days and disrupted flights in one of its biggest drone attacks on Russia's capital in 2026.

AAP

Major Ukrainian drone strike sets Moscow refinery ablaze

MOSCOW - Ukraine on Thursday launched its largest drone attack on Moscow in years, sparking fires in and around the capital, hitting a major oil refinery and forcing evacuations at the country’s largest airport, officials said.

Bangkok Post

Ukraine hits Moscow oil refinery and disrupts commercial flights with major drone attack

Ukraine has launched a major drone attack on a Moscow oil refinery, hitting it for the second time in a week

AAP

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Oil sinks further as Trump and Pezeshkian sign deal to end Iran war

Crude prices fell further on Thursday after the US and Iran formally signed a memorandum of understanding aimed at ending the war and reopening the Strait of Hormuz, while equity markets gave a mixed verdict in the wake of the Federal Reserve's latest decision.

Euronews

Oil prices drop further below 80 dollars a barrel as US-Iran peace deal signed

Pakistan’s prime minister Shehbaz Sharif said leaders of both the United States and Iran had signed the peace-deal agreement.

Evening Standard

Rupee hits six-week high on offshore, exporter flows

The Indian Rupee saw a remarkable resurgence on Thursday, hitting a six-week high after a period of weakness influenced by the Federal Reserve's strict monetary stance. This turnaround was fueled by increased dollar selling from foreign markets and robust exporter contributions. Furthermore, the recent downturn in oil prices offered additional…

The Economic Times

‘If Ukraine burns, your Moscow will burn,’ Zelenskyy warns after overnight strikes in Russia – as it happened

Ukraine’s president ramps up rhetoric after overnight drone strikes on Russian capital

The Guardian - UK

Rupee’s oil relief capped by RBI's FX book, interest payment hedges, bankers say

The Indian rupee's upward surge encounters some obstacles. As the Reserve Bank of India gradually dissolves a hefty foreign exchange forward book, banks are also preparing for interest payments on foreign currency holdings. These maneuvers are likely to soak up dollar inflows, which could limit the rupee's rise. Analysts predict…

The Economic Times

Stay invested, keep accumulating quality stocks: Neeraj Dewan

Easing crude oil prices have boosted sentiment for Indian equities, with experts recommending accumulation of quality stocks in financials, defence, infrastructure, and metals. Investors are advised to use market dips as buying opportunities, especially in mid and small-cap segments. While inflation and monsoon concerns persist, they are seen as chances…

The Economic Times

World shares are mixed following signing of US-Iran deal on ending the war

Shares are mostly lower in Europe after benchmarks in Japan and South Korea surged to new records after the U.S. and Iran signed their initial agreement ending the war

AAP

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AAP

Ukraine hits Moscow oil refinery, disrupting commercial flights in major drone attack

Russian officials say Ukraine has hit a Moscow oil refinery for the second time in a week, disrupting commercial flights at Moscow airports

France 24

Ukraine hits Moscow oil refinery in one of the largest drone attacks since the start of the war

Smoke rose over Moscow Thursday morning after Ukraine launched its largest drone attack in years, hitting the Moscow oil refinery and sparking fires in and around the capital. The attack on the refinery was a "justified response" to Russian strikes in Ukraine, said President Volodymyr Zelensky.

Euronews

Ukraine strikes Moscow oil refinery for second time this week

It comes as Ukrainian President Volodymyr Zelenskyy met with NATO Secretary General Mark Rutte in Brussels.

The Guardian - UK

Pink flamingos and shimmering lemon groves: exploring Sicily’s Vendicari nature reserve

This wetland south of Syracuse was saved from developers and preserved as an unspoilt haven for migratory birds

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Woman & Home

I'm convinced this Caudalie glow oil saved me from becoming a burnt bride - here's why it's now my daily go-to

After shielding my skin on one of the most important (and hottest) days of my life, here's why Caudalie's SPF oil has made a loyal fan out of me - and my editor, too.

The Economic Times

Vedanta Aluminium vs Power vs Oil & Gas vs Iron & Steel: Which stock should you buy?

Four Vedanta Group companies debuted on the market, with aluminium, iron & steel, and oil & gas shares tumbling while power stocks rose. Analysts advise patience, focusing on business quality over price action. Experts suggest aluminium offers the best risk-reward for long-term investors due to strong demand and cost efficiencies.

The Guardian - UK

Moscow oil refinery struck in Ukraine’s biggest air raid on city since start of war

Kyiv says attack, which also forced evacuation at Russia’s biggest airport, was in response to strike on historic monastery

AAP

Asian shares shrug off Wall St blues following signing of US-Iran deal on ending the war

Shares have surged in Asia, with benchmarks in Japan and South Korea setting fresh records, after the U.S. and Iran signed their initial agreement ending the war

The Economic Times

Fuel prices in India won't fall immediately despite global crude slump, MoS Suresh Gopi reveals why

Union Minister Suresh Gopi explained that immediate fuel price reductions aren't possible despite global crude cost drops due to transit times and other factors. He highlighted the central government's Rs 12,000 crore absorption of past impacts, urging states to also contribute.

Bangkok Post

US-Iran peace accord takes effect

A US-Iran agreement to extend their ceasefire and begin talks on a permanent peace deal is now in effect, with the presidents of the two countries signing the 14-point memorandum of understanding, White House officials have confirmed.

The Independent UK

Iran-US war latest: Supreme Leader says Trump made a deal out of ‘desperation’ after US lifts naval blockade

US vice president JD Vance said more than 12 million barrels of oil passed through the Strait of Hormuz last night

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