The Latest Breaking News from Oil

Australian shares advance as banks, miners rally

Investor confidence is creeping back into local equities despite a slew of market headwinds which have kept the local bourse range-bound for a month.

AAP · Oct 12

Global Market Today: Asian shares cautious as earnings loom

Trade was thin with Japan markets shut and the US on a partial holiday ahead of the earnings season with major US banks kicking off on Tuesday.

The Economic Times · Oct 12

D-Street poised for positive start as GIFT Nifty signals gains

On Friday, markets experienced a moment of reprieve as the Nifty index surged by 1.3%, buoyed by support from the IT sector. However, analysts anticipate that Indian stocks will tread carefully due to prevailing global economic uncertainties. Despite a decrease in the India VIX, suggesting lesser market anxiety, the actions…

The Economic Times · Oct 12

The Continental Rift: Inside the Mexico City Forum Where Latin America's Left Exploded

Former Colombian president Petro triggered a public meltdown at a Mexico City leftist forum by calling Trump accurate on Venezuela's oil seizure.

Latin Times · Oct 11

Two Indians missing, 9 rescued as drone attacks oil tanker off Oman coast

A drone attack occurred on the tanker MT Petro Dolphin, resulting in two Indian seafarers missing. Nine other crew members were rescued and confirmed safe after the incident. The local Coast Guard is conducting ongoing search and rescue operations in Sohar Anchorage. Additionally, another tanker, M/T Valthera, was struck by…

The Economic Times · Oct 11

For the first time ever, 10-year bond yields track diesel prices more closely than crude, and Trump’s fuel deal with Putin may be too little too late

“Ultimately, diesel and gasoline drive inflation, not crude oil.”

Fortune · Oct 11

Contracts Signed, Barrels Still Missing: The Real Story Behind Venezuela's Oil Revival

Venezuela has signed 61 oil contracts under its new hydrocarbons law, with 44 more needed before year-end. Here's what the numbers actually mean.

Latin Times · Oct 11

RBI's rupee defence may drain banking liquidity, ease currency pressure

RBI has introduced measures to curb rupee volatility, which could ease immediate depreciation pressures in the currency market. These measures include limiting foreign exchange derivative contracts and increasing hedging costs for importers. Experts predict that these actions may lead to a reduction in USD/INR rates and forward premiums. However, external…

The Economic Times · Oct 11

Trump announces partial ceasefire in Ukraine war as Zelenskyy says deal is ‘news to me’

Ukrainian president earlier rejected US call for Kyiv to stop bombing oil refineries, saying Moscow must first end attacks on energy infrastructure

The Guardian - UK · Oct 11

Trump’s Middle East war has spiralled beyond America’s control

THE INDEPENDENT VIEW: Editorial: Houthi strikes on Riyadh airport risk turning the Iran-Saudi proxy conflict into a pan-regional war, exposing America’s inability to protect its Gulf allies and threatening global energy supplies, inflation and economic stability

The Independent UK · Oct 11