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The Latest Breaking News from Oil

UK inflation rate set to fall as lower household energy bills offset fuel surge

Some economists think the rate of Consumer Prices Index inflation slowed to 3% in April, from 3.3% in March.

Evening Standard

UAE to complete second oil pipeline bypassing strait of Hormuz by 2027

State oil company fast-tracks previously undisclosed project, which is expected to double export capacity

The Guardian - UK

India braces for more fuel hikes as Iran war forces Modi’s hand

Consumers in India are bracing for more fuel price increases. A recent modest hike in diesel and gasoline prices aims to ease the burden on households. However, refiners indicate significant losses due to high global oil prices. The government is encouraging fuel conservation measures. Further price adjustments are anticipated if…

The Economic Times

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'Russian oil supplies to India have increased': Lavrov hails surging energy ties with New Delhi amid global pressures

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted the "privileged" Moscow-Delhi partnership during the BRICS meeting.

The Economic Times

Panama Canal Emerges as Key Trade Lifeline Amid U.S.-Iran War

The increase in traffic and revenue generated through the auctions suggests revenue growth for the Panama Canal could reach between 10% and 15%, officials say.

International Business Times

As U.S.-Iran War Continues, Strait of Hormuz Closure Drives Surge in Panama Canal Traffic

The increase in traffic and revenue generated through the auctions suggests revenue growth for the Panama Canal could reach between 10% and 15%, officials say.

Latin Times

Our beauty team's May nails are here, and they tick every spring trend

From fiery corals to cool grape and coconut shades, our colleagues have really nailed the May manicure assignment.

Woman & Home

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Russian oil refinery on fire amid huge wave of Ukrainian drone strikes

IN FULL

The Independent UK

S&P Futures Plunge as Inflation Fears Push Bond Yields Higher

June S&P 500 E-Mini futures (ESM26) are trending down -0.95% this morning as a jump in oil prices drove Treasury yields higher, abruptly halting the AI-fueled equity rally.

Barchart

Very small rise in fuel price revision: Indian Oil chief says company working round the clock to ensure full capacity availability

Indian Oil refineries are running at over 100 percent capacity. This ensures no fuel shortage at retail outlets. Prices for petrol and diesel have seen a small increase. The company is also focusing on alternative energy. Two hydrogen-powered buses have been provided to Delhi Metro. These buses offer zero emissions.

The Economic Times

Ukraine attacks Russia with drones after suffering three days of massive strikes

Large-scale attack on Russian regions and huge oil refinery comes after 24 were killed when missile hit flats in Kyiv

The Guardian - UK

Ban private jets and cut speed limits to avert UK fuel crisis, say campaigners

Climate and transport organisations warn ministers not to ‘sleepwalk into crisis’ amid Iran war oil and gas shortages

The Guardian - UK

A Rs 3 hike makes India’s inflation battle somewhat harder

Indian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses of Rs 1,000-1,200 crore due to the Iran war. This move is expected to add inflationary pressure, impacting transportation, logistics, and retail goods costs.

The Economic Times

India ready to extend all possible support to bring peace in West Asia: PM Modi in UAE

Prime Minister Narendra Modi met UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi. India pledged full support to foster peace in West Asia. The leaders discussed strengthening ties in energy, investment, and supply chains. They also focused on the evolving West Asian situation and energy security. Modi's…

The Economic Times

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The Economic Times

Is Donald Trump's China visit a victory for U.S or Iran gets upper hand on Strait of Hormuz?

White House called the leaders' shared desire to reopen the Strait of Hormuz off Iran, through which a fifth of global oil and gas once flowed.

MarketBeat

Summit Midstream Partners Q1 Earnings Call Highlights

Summit Midstream Partners (NYSE:SMC) said first-quarter 2026 results were broadly in line with expectations, as strength in its Rockies business helped offset weaker volumes and lower realized residue gas prices in its MidCon segment. President, CEO and Chairman Heath Deneke said Summit reported fi

The Economic Times

DMRC launches hydrogen-fueled shuttle buses in Central Vista

Delhi Metro Rail Corporation has introduced a new hydrogen-powered shuttle bus service in Central Vista. Indian Oil Corporation Limited is providing two advanced buses for this initiative. The service aims to offer eco-friendly last-mile connectivity. It will operate on working days during peak office hours, connecting metro stations and government…

The Economic Times

US Stock Market on Friday: S&P 500, Dow Jones, Nasdaq to crash today or these factors will uplift Wall Street? details here

US Stock Market today: Nasdaq, S&P 500, and Dow Jones investors will hope that Wall Street indexes will end the week in a strong note.

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The Economic Times

Petrol, diesel prices hiked by Rs 3/litre: Here’s what top economists have to say

Fuel prices in India saw their first increase in over four years on Friday. Petrol and diesel prices rose by approximately Rs 3 per litre. This move by state-run oil companies aims to address mounting losses due to soaring global crude oil prices. The escalation in West Asia and disruptions…

The Economic Times

What makes the Rs 90,000-crore Great Nicobar Island project critical for India both militarily and economically

India is undertaking a massive Rs 90,000 crore project in Great Nicobar. This initiative will develop a major transshipment port and international airport. It aims to strengthen India's maritime presence and trade infrastructure. The project is strategically located near the Malacca Strait, a vital global trade route. Defence veterans support…

The Economic Times

Trump says he and China's Xi agree Iran cannot have nuclear weapons

Trump and Xi Jinping also discussed keeping the Strait of Hormuz open for global shipping. Tensions remain high as the conflict continues. Recent incidents involve a sunk cargo vessel and a ship boarded by unauthorised personnel. Diplomacy is currently stalled.

The Economic Times

Oil price strain keeps rupee near record low, state banks' dollar sales cushion

The Indian rupee weakened on Friday, nearing a record low due to elevated oil prices and rising U.S. bond yields. State-run banks' dollar sales provided some support, preventing a historic dip. India's recent fuel price hike and expectations of Fed rate hikes further pressured the currency, while potential measures to…

The Economic Times

The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hike

Shares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset mounting losses. Analysts estimate OMCs could still lose nearly Rs 500 crore daily at current crude prices. With Brent crude above $100 and West Asia…

The Economic Times

Capitalmind Flexi Cap Fund exits RIL and 2 others, hikes stake in Titan Company, MCX and 16 other stocks in April

Capitalmind Flexi Cap Fund exited Reliance Industries, Bank of Baroda, and L&T Finance in April. The fund also increased stakes in Titan Company, MCX, and 16 other stocks, including NTPC and ONGC. It added MTAR Technologies, Tata Steel, and Kirloskar Oil Engines as new holdings, expanding its portfolio to 42…

The Economic Times

Yogesh Patil decodes why petrol, diesel prices may rise further

India's oil marketing companies received a modest Rs 3 per litre fuel price hike, which analysts say is insufficient to cover daily losses. While this offers some relief, a further Rs 11 per litre increase is needed to eliminate under-recoveries, as the government balances inflation concerns with retailer financial health.

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