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The Latest Breaking News from Oil

Breaking Live 5 publishers covering this story in the last 6 hours

22m ago Stocks in news: Infosys, Kotak Mahindra Bank, YES Bank, Raymond, BPCL, Coforge and Senco Gold
22m ago Pre-market action: Here's the trade setup for today's session
1h ago Trump Says US Is 'Making a Freaking Fortune' on Oil as Americans Pay $4.29 a Gallon for Gas
2h ago Opposition ratchets up pressure on government to support Rosebank ahead of Budget
4h ago Cabinet split emerges over controversial Rosebank oilfield decision

Say Goodbye to Brittle Nails With Affordable Nail Care and Smart Gel Nail Care Tips

Healthy nails don't have to cost a fortune. Discover gel nail care tips and affordable nail care products that help repair damage and prevent future breakage.

Fashion Times · Jul 16

China and India facing 100% tariff for buying Russian oil under new US sanctions bill

Donald Trump says there is a ‘good chance’ that this bill passes

The Independent UK · Jul 16

HSBC upgrades Indian equities to 'neutral' on easing oil prices, return of foreign flows

HSBC upgraded Indian equities to Neutral from Underweight on Thursday. Easing crude oil prices reduced earnings risks for Indian companies. Measures to stabilize the rupee drew back foreign investors into the market. The brokerage raised its 2026-end target for the BSE Sensex index. Foreign investors bought Indian shares worth $1.6…

The Economic Times · Jul 16

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Analyst Sees $4 Gas if Current Trends Continue, Warns Failure to Hit 9 Million Barrels Per Day Could Signal 'Demand Destruction'

Demand for gasoline in the U.S. could be falling as price volatility, fueled by ongoing escalations in the Middle East amid the U.S.-Israel and Iran war, poses challenges to the global oil supply chain.

Benzinga · Jul 16

Rupee slips 6 paise to 96.31 against US dollar in early trade

The rupee weakened against the US dollar due to global crude oil volatility and a stronger greenback. Foreign institutional investor outflows continued to pressure the local currency in early trade. The West Asia crisis intensified with further strikes and retaliatory actions by Iran. Domestic equity markets opened positively, providing some…

The Economic Times · Jul 16

Oil prices lower despite US intensifying strikes against Iran

Asian shares are mostly lower and oil prices have fallen despite back-and-forth strikes between the US and Iran

The Independent UK · Jul 16

Oil is crude once again! Is $95 the new normal and what it means for Indian investors?

Crude oil prices are rising again due to escalating Middle East tensions. This surge impacts India's import costs and government finances significantly. Higher oil prices will likely pressure the Indian rupee and fuel inflation. Indian equity markets may experience a broad risk-off reaction. Sectors like aviation and logistics face increased…

The Economic Times · Jul 16

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Why this summer's heatwaves could raise your supermarket bill next year

While food inflation has eased across the eurozone, economists say this summer's extreme heat is now a bigger threat to next year's supermarket prices than the recent Iran war, as damaged harvests could outweigh the fading impact of higher oil and fertiliser costs.

Euronews · Jul 16

Iran-US war latest: US marines board tanker in Strait of Hormuz as Trump’s latest strikes kill seven

Tehran warns it could close a second key oil route as it retaliates against American allies

The Independent UK · Jul 16

Iran overplaying its hand on Hormuz? A new game has just begun in West Asia oil scene

As nations surrounding Iran pour billions into new pipeline networks, the significance of the Strait of Hormuz as an oil transit route is rapidly declining. Forecasts suggest that by 2030, these overland alternatives will overshadow maritime transport through the strait. This will likely lead to a reduction in Iran's capacity…

The Economic Times · Jul 16

Fujairah bunker fuel sales halve as US-Iran war disrupts supplies

Fujairah bunker fuel sales dropped significantly in early 2026. This decline occurred after the U.S.-Iran war impacted supplies near the Strait of Hormuz. Zhoushan port in China is now set to overtake Fujairah as a major hub. Supply disruptions continued to affect Fujairah's market throughout the period. Inventories briefly rebounded…

The Economic Times · Jul 16

US strikes expand into northern Iran as it disables ship trying to run blockade

The United States has intensified its strikes targeting Iran, hitting targets further north

The Independent UK · Jul 16

Sensex rises 200 points, Nifty above 24,100 amid Middle East jitters. What lies ahead?

Indian stock markets showed resilience on Thursday, with Sensex and Nifty gaining slightly. Geopolitical worries from the Middle East conflict did not significantly impact trading. IT stocks led the gains, while some banking shares experienced minor declines. The Indian Rupee remained stable against the US dollar, with oil prices showing…

The Economic Times · Jul 16

What is Ukraine’s 40-day campaign against Russia and has it worked?

Taking war to heart of Russian territory has seized initiative and reset Zelenskyy’s relationship with Trump

The Guardian - UK · Jul 16

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Euronews · Jul 16

Iran launches retaliatory attacks on US bases in Kuwait, Bahrain and Jordan

The latest missile strikes began when the US said it fired a missile into a Curaçao-flagged oil tanker's funnel after claiming the ship "ignored multiple warnings".

The Economic Times · Jul 16

RIL Q1 preview: Will strong O2C performance drive overall earnings growth?

Reliance Industries is expected to post a steady June-quarter (Q1) performance, with brokerages projecting consolidated EBITDA growth of 4–10% year-on-year. The recovery is largely driven by the oil-to-chemicals (O2C) business, which is benefiting from stronger refining margins, improved petrochemical spreads, a weak rupee and SEZ refinery gains.

The Economic Times · Jul 16

Petrol, diesel prices today, July 16: Check latest fuel rates in Delhi, Mumbai, Bengaluru, Kolkata amid tax hike

Petrol, Diesel price today, 24 July 2026: Check the latest city-wise petrol and diesel rates in Delhi, Mumbai, Chennai, Kolkata and other major cities. Retail fuel prices remained unchanged as state-run Oil Marketing Companies continued to hold rates steady despite elevated global crude oil prices. Meanwhile, the Centre's revised windfall…

The Guardian - AU · Jul 16

US attacks oil tanker in strait of Hormuz as strikes reported in Tehran

US disables unladen oil tanker using Hellfire missiles in strait of Hormuz amid concerns strikes could spiral into open conflict

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Times Life · Jul 16

Why the Sperm Whale Has the Largest Brain on Earth and What That Enormous Organ Actually Does

A Brain Built Around SoundA sperm whale's brain weighs up to 9 kilograms. The largest human brain on record sits at around 1.5 kilograms. No animal that has ever lived on this planet, not the elephant, not the blue whale, not any dinosaur whose skull we have measured, carried more…

The Economic Times · Jul 16

Oil Price Today (July 16): Crude oil at $86, rises for 4th day as US-Iran attacks continue. What are experts saying?

The United States on Wednesday targeted Iran's coastal defence systems and missile sites after reimposing a naval blockade on Iranian ports. In response, Iran warned that it could further restrict regional energy exports, saying it was fighting an "existential war" against the U.S.

The Economic Times · Jul 16

Dollar near one-month low as cooling inflation curbs Fed hike bets

The U.S. dollar weakened near a one-month low on Thursday. Soft inflation data reinforced expectations of a patient Federal Reserve policy. Escalation in Middle East hostilities added upside risk to inflation outlook. Oil prices remained near one-month highs due to regional energy export threats. The U.S. dollar index hovered near…

Times Life · Jul 16

5 Things Indian Women Must Do Before Colouring Their Hair That Most Salons Will Skip

Do a patch test, every single timeThe allergen in permanent hair colour is paraphenylenediamine, or PPD. It is present in almost every box and salon colour that promises full grey coverage, and it is the reason some women end up with a swollen scalp, weeping skin, or a trip to…

Times Life · Jul 16

Why Hair Colouring for Indian Hair Demands a Different Approach Than Global Brands Offer

The melanin problem no international brand addressesIndian hair carries a higher concentration of eumelanin, the pigment responsible for black and dark brown tones, than the hair types most global colouring formulas are calibrated for. This matters because lifting dark pigment requires more developer strength or longer processing time, and most…

Times Life · Jul 16

Why Indian Hair Goes Prematurely Grey: What Science Says About Melanin and Stress

The melanin problem starts earlier than you thinkA 2016 study published in the International Journal of Trichology, drawing on data from Indian dermatology clinics, defined premature greying as onset before age 25 in Indians, compared to before 30 for Caucasians. That five-year gap is not trivial. It points to a…

The Economic Times · Jul 16

Gold steady as Mideast escalation tempers easing inflation optimism

Gold prices remained stable as U.S. inflation data showed easing pressures. However, Middle East conflict escalation drove oil prices higher, reviving energy cost concerns. U.S. producer prices unexpectedly fell in June, indicating subsiding inflation before recent events. Federal Reserve officials expressed determination to bring inflation down soon. China's economy expanded…

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