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The Latest Breaking News from Oil

Minimum maintenance roads, 'gut kick' climbs, oil rigs and open range cattle – A detailed look at what the Unbound Gravel 200 course has in store

'MMR, B roads, are all potentially muddy, rocky, grassy. The goal isn't easy, it's safe' says Emporia native and Life Time manager Kristi Mohn

Cycling News

After Mumbai High, ONGC brings in BP in other western offshore oil, gas fields

In a strategic alliance, ONGC has teamed up with BP to enhance the extraction of oil and gas from its aging offshore fields in the west. This partnership is aimed at revitalising production levels, drawing from the encouraging outcomes observed in their earlier collaboration at Mumbai High.

The Economic Times

Govt gives up Rs 14,000 crore in tax revenue after excise duty cut on petrol and diesel: Petroleum Ministry

The Indian government has sacrificed nearly Rs 14,000 crore in tax revenue by lowering excise duty on petrol and diesel. This move aims to protect consumers from rising fuel prices driven by the West Asia crisis. Despite this, oil companies continue to face daily losses.

The Economic Times

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US has ‘pretty solid’ draft peace deal with Iran as oil prices fall

IN FULL

The Independent UK

Oil cos keep bleeding, on slippery slope with Rs 600-cr loss per day despite multiple petrol, diesel price hikes

Petrol, diesel price hike: Despite the latest round of increases, officials acknowledged that current retail prices are still insufficient to fully offset the sharp rise in international crude costs, leaving public sector fuel retailers exposed to substantial daily losses.

The Economic Times

Oil prices fall below $100 a barrel on hopes of Iran peace deal

Brent crude futures down 6% to lowest level in two weeks and stock markets rise

The Guardian - UK

Oil slump, central bank support manifest in rupee’s three-day winning streak

The Indian rupee saw its longest winning streak in a month, closing stronger against the dollar. This rise was driven by the Reserve Bank of India's market interventions and a significant drop in crude oil prices. Hopes for a U.S.-Iran peace deal boosted investor confidence.

The Economic Times

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Why PM Modi not buying cheap oil from Russia & Iran, asks Kejriwal

Fuel prices have increased again. Arvind Kejriwal, AAP leader, questioned Prime Minister Narendra Modi. He asked why India is not purchasing cheaper oil from Russia and Iran. He stated that 140 crore people are facing hardships due to rising inflation. Petrol and diesel prices saw another hike. This is the…

The Economic Times

Rusty grill? This 35-cent kitchen staple restores its shine, according to an expert

Clean a neglected grill with these common household items, with advice from the experts.

Tom’s Guide

Oil prices ease on renewed hopes of US-Iran peace deal

Oil futures slid on Monday as traders assessed US President Donald Trump's announcement over the weekend that a deal with Iran had been "largely negotiated". The benchmark Brent crude still remains much higher than when the war started on February 28. Also in this edition: some commercial vessels are managing…

France 24

Fuel Prices in India Hiked for Fourth Time in Two Weeks Amid Global Oil Shock

India has witnessed another sharp increase in fuel prices, with state-run oil marketing companies (OMCs) raising petrol and diesel rates for the fourth time in less than two weeks. The latest revision has intensified concerns among consumers and policymakers as global crude oil markets remain volatile due to escalating geopolitical…

Whats Hot

Global shares gain and oil prices fall after Trump says talks on ending the war are proceeding

Global shares are mostly higher and oil prices have dropped after U.S. President Donald Trump said talks on ending the war with Iran are progressing

AAP

Markets may have already discounted short-term pain, recovery seen ahead: Dinshaw Irani

Indian markets are in a good spot with constructive investor sentiment. Elevated crude oil prices are a concern, but a resolution could boost macro stability. Corporate earnings are showing resilience, especially in mid and smallcaps. While the current quarter may see margin pressure, growth is expected to recover.

The Economic Times

India turns to Latin American, African oil after Hormuz disruption

Indian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola, and Nigeria increased. Russia remained a key supplier, though its share saw a dip. The UAE and Saudi Arabia saw increased imports. Overall oil imports in April remained steady but…

The Economic Times

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The Economic Times

The three Fs that Sitharaman flagged as India braces for a widening global oil shock, forex strain

In light of increasing global unrest from the West Asia crisis and fluctuations in the energy sector, Finance Minister Nirmala Sitharaman is advocating for a concentrated approach to managing fuel, fertiliser, and foreign exchange resources. Prime Minister Modi's recent appeals to conserve foreign currency and reduce discretionary imports underscore this…

The Economic Times

Private banks favoured over PSUs as macro headwinds cloud near-term outlook: Digant Haria

Market expert Digant Haria notes strong corporate earnings but rising macroeconomic uncertainty. Private sector banks appear better positioned than PSU banks due to solid fundamentals, though near-term upside may be capped by inflation and currency depreciation. Long-term investors are advised to accumulate, with potential for new highs by Diwali if…

AAP

FED:Australian shares advance on US-Iran deal optimism

Oil prices have started the week sharply lower, boosting risk sentiment and local equities, led by miners, IT stocks and consumer discretionaries.

The Economic Times

India to strengthen EV shield against oil imports with fresh subsidies: Report

The government is set to significantly boost subsidies for electric two-wheelers. This move under the PM E-Drive scheme aims to promote clean mobility and reduce oil import dependence. The heavy industries ministry is seeking additional funds for this initiative. The scheme has already subsidized a large number of electric two-wheelers.

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The Economic Times

Any relief rally in markets likely limited and temporary: David Roche

Global markets are reacting prematurely to geopolitical shifts, according to macro strategist David Roche. He argues that recent oil and equity market moves reflect speculation rather than a confirmed resolution, with any potential deal being structurally weak and unlikely to address core strategic issues.

AAP

FED:Australian shares advance on US-Iran optimism

Oil prices have started the week sharply lower, boosting risk sentiment and local equities, led by miners, IT stocks and consumer discretionaries.

The Guardian - AU

Tehran expresses ‘resolute support’ for Hezbollah – as it happened

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The Economic Times

Congress calls fuel hikes "silent tax on households", accuses govt of "corporate protection racket"

Fuel prices have risen for the fourth time in ten days. Congress leaders condemn these increases as a silent tax on Indian households. They accuse Prime Minister Narendra Modi of prioritizing corporate interests over public welfare. These hikes impact daily essentials and household budgets across the nation.

The Times of India

Hormuz control: Iran says managing strait is ‘legal right’ amid ceasefire talks with US

A senior adviser to Iran’s Supreme Leader Mojtaba Khamenie has asserted that Tehran holds the legal right to manage the Strait of Hormuz, one of the world’s most strategically important oil shipping routes, as nuclear negotiations between Iran and the United States enter a crucial phase.

The Conversation

Many biofuels haven’t panned out. Could algae make the clean diesel and aviation fuel Australia needs?

Diesel is critical to Australia. Any supply disruption has immediate and widespread consequences, given Australia imports almost 80% of its liquid fuels. As the energy shocks of the Iran war ripple out, Australia’s leaders have scrambled to shore up supplies of fuel – especially diesel and aviation fuel.

MyLifeXP

How One Mistake Destroyed Vikramaditya’s Kingdom

Power can make a king fearless. But sometimes, even the mightiest ruler forgets that pride can quietly destroy everything. The story of King Vikramaditya and Shani Dev is not just an old mythological tale it is a powerful lesson about ego, patience, suffering, and destiny. One mistake. One moment of…

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