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The Latest Breaking News from Oil

Ukraine drones hit Russian pipeline, refinery and depot

Ukrainian President Volodymyr Zelenskiy says the country's forces have struck a Russian oil refinery "700km from the front line".

AAP

The Guardian view on the Aberdeen South byelection: the politics of energy take centre stage

Editorial: While Westminster’s attention is focused on Andy Burnham and Makerfield, another pivotal byelection is taking place in Scotland’s north-east

The Guardian - UK

Ukraine hits Russian energy targets, denies striking Zaporizhzhia nuclear plant

Ukrainian drones struck targets across several Russian regions overnight from Saturday, including an oil pumping station, a refinery and a fuel depot, Russian and Ukrainian authorities said Sunday. Kyiv however denied Moscow's claims that a Ukrainian drone struck the Zaporizhzhia nuclear plant in Russian-occupied Ukraine.

France 24

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Ukrainian drones hit oil depot, key pipeline facility in Russia

Ukraine said on Sunday that its drones struck a major oil pipeline dispatch station and an oil depot deep inside Russia, as Kyiv continued to expand long-range attacks on Moscow's energy infrastructure more than four years into the war.

The Times of India

US Warns Of Sanctions Risk If Deals On Strait Of Hormuz Passage Are Struck

The Strait of Hormuz is a key waterway that connects the Persian Gulf to the rest of the world though which a fifth of the world's energy transit was routed. After the US-Israeli strikes began on February 28, the passage of vessels through the Strait has been hit, severely disrupting…

International Business Times

Russia launches fresh strikes on Ukraine, Kyiv hits refinery hub

In response to Russian shelling of Ukrainian territory, Ukrainian forces launched a series of powerful strikes on strategically important Russian oil infrastructure.

Euronews

May's Best New Beauty Products Have Prepped Me Head-to-Toe for a Sexy Summer

New sunburnt blushes, luxe bodycare, and lightweight moisturizers have taken over my routine.

Marie Claire

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Wes Streeting backs calls for national insurance cut and North Sea drilling

Labour leadership hopeful says NI reduction for firms could ‘incentivise’ hiring, particularly of younger people

The Guardian - UK

Market Trading Guide: YES Bank among two stock picks for Monday with up to 10% upside scope

Equity markets saw broad-based selling pressure after weak monsoon forecasts raised concerns over food inflation, though falling crude oil prices and easing bond yields helped limit downside risks. Investors now await key domestic triggers, including the RBI policy decision and GDP data, while analysts have flagged YES Bank and NBCC…

The Economic Times

India's paint industry remains optimistic on growth despite crude volatility, pricing pressures and competition

India's paint industry is experiencing a demand surge in both cities and villages. Leading companies anticipate strong volume growth in FY27. Manufacturers are implementing calculated price increases to manage rising input costs. Geopolitical factors and currency fluctuations remain key concerns. Companies are closely monitoring crude oil prices and forex for…

The Economic Times

Europe's green jet fuels see upside in Iran war

Europe is looking at synthetic jet fuel to reduce reliance on foreign oil. The Iran war has made this cleaner fuel more attractive. While production is currently limited, new factories are needed to meet future targets. Defence forces are showing interest, potentially providing a much-needed boost for investment in this…

The Economic Times

I tried 30+ new beauty products this month, these are the buys I’m shouting from the rooftops about

Including a hydrating gradual tan, a stellar sun care hair range and much more

Woman & Home

Patanjali Foods Q4 Results: Profit jumps 46% to Rs 524 crore despite margin pressure

Patanjali Foods reported a strong rise in quarterly and annual earnings, driven by robust growth in its edible oils and FMCG businesses. While revenue expanded across key segments, higher raw material, packaging and freight costs weighed on margins. The company also continued expanding its oil palm cultivation and export footprint.

The Economic Times

Why Indian investors need global exposure today

With the rupee weakening and structural pressures from oil, capital outflows and inflation differentials persisting, Indian investors face currency risk in domestic-only portfolios. The article argues for global diversification, highlighting how dollar assets provide both return potential and currency protection, making international exposure a strategic necessity.

The Economic Times

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The Economic Times

Market Outlook: US-Iran talks, crude oil among 5 factors to drive D-St in first week of June

Markets brace for a crucial week. Investors watch US-Iran peace talks closely. Crude oil price drops also impact sentiment. Foreign investors sold heavily, impacting Indian equities. The Rupee shows strength against the US Dollar. Technical indicators suggest a lack of strong trend. Geopolitical and economic developments will drive market sensitivity.

The Independent UK

China’s factory activity slows in May, raising questions over its economy

China has reported that its manufacturing activity has slowed in May

AAP

China's factory activity slows in May, raising questions over its economy

China has reported that its manufacturing activity has slowed in May

The Economic Times

Petrol, Diesel Prices on May 31: Has your city's fuel rate changed? Check how much you'll pay in Delhi, Mumbai, Bengaluru, Kolkata and other cities

Petrol, Diesel Prices on May 31: Fuel prices remained unchanged on Sunday, May 31, after a series of recent hikes pushed petrol and diesel rates to their highest levels since 2022. The increase in fuel prices has been driven by rising global crude oil prices following supply disruptions in West…

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The Guardian - AU

Ukraine war briefing: Kyiv denies its drone hit Zaporizhzhia nuclear plant

Russian atomic energy agency claim that drone strike damaged Europe’s largest nuclear power plant just a ‘propaganda ploy’, Ukraine military says. What we know on day 1,558

Fortune

Oil bosses warn prices will soar in a matter of weeks as inventories near unprecedented lows — 'I mean really, really low levels'

"You can debate whether that’s going to hit those really low levels in two weeks or three weeks. Once you get to that point, then you’ll see price shoot up.”

The Economic Times

Government revises windfall tax on fuel exports from June 1

New windfall tax rates on fuel exports take effect from June 1, 2026. Taxes are back on diesel and aviation turbine fuel after a period of nil levies. Petrol exports will also attract a duty. These revisions reflect changes in global oil prices and refiner margins. The government reviews these…

Motor1

Man Gets Oil Changed At Quick Lube Spot. Then It Breaks Down Almost Immediately: 'They Owe Him A New Motor'

"Do you see anything wrong with that?"

Fortune

Damn the torpedoes — More ships are quietly slipping through the Strait of Hormuz as helicopters scare off Iran's fast-attack boats

To sail through the strait without being detected by Iran, many ships are turning off their Automatic Identification Systems.

The Economic Times

Transport association urges government to cut fuel prices as crude falls to $90/barrel

The All India Motor & Goods Transport Association is calling on the Central Government to lower petrol and diesel prices. They point to a significant drop in international crude oil rates. The association states that consumers and transporters are not benefiting from this global price fall. Higher fuel costs are…

International Business Times

S&P 500 Posts Record 9th Straight Weekly Win and Best May in Years — Three Themes Drove It All

The S&P 500 closed May at 7,580, up 5% for the month and notching its ninth straight weekly gain. Three forces drove the rally: Iran war peace hopes, a blowout Dell earnings beat that reset expectations for AI infrastructure spending, and relentless tech strength powered by Micron, Snowflake, and Qualcomm.

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