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The Latest Breaking News from Oil

Why Your Skin Changes With the Weather and Healthy Skin Tips That Actually Help

Learn why skin reacts to changing seasons and explore seasonal skin care routines plus healthy skin tips for balanced skin.

Fashion Times

The Latest: Trump wraps up China visit and holds private meeting with Chinese leader Xi Jinping

U.S. President Donald Trump wraps up his visit to Beijing with a private meeting at Chinese leader Xi Jinping’s official residence before he departs for Washington

The Independent UK

India raises fuel prices as global energy crisis adds pressure on economy

India has raised fuel prices by 3 rupees per liter to offset losses from higher global oil prices

The Independent UK

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Trump says made 'fantastic trade deals' with Xi

President Donald Trump met with President Xi Jinping in Beijing. They discussed significant trade agreements beneficial to both nations. China offered assistance regarding the Strait of Hormuz. Discussions also touched upon artificial intelligence and oil purchases. The leaders addressed geopolitical flashpoints like Taiwan, aiming to manage differences.

The Economic Times

US Stock Market: Bond markets brace for higher-for-longer yields amid oil price surge

Investors anticipate prolonged elevated U.S. Treasury yields due to inflation concerns, particularly from surging oil prices amid Middle East conflict. Incoming Fed Chair Kevin Warsh faces challenges containing these pressures, as persistent inflation and potential policy shifts could further impact yields and economic growth.

The Economic Times

Sensex falls 160 points, Nifty closes below 23,650 as rupee breaches 96

Indian stock markets ended Friday in the red, with Sensex and Nifty erasing morning gains as the rupee hit a record low against the dollar and oil prices rose. Both benchmark indices registered significant weekly losses, with Sensex falling around 2,000 points and Nifty 50 dropping 2%.

The Economic Times

Global Market: Japan wholesale inflation hits 3-year high amid Iran oil shock

Japan's wholesale inflation surged to its fastest pace in nearly three years in April, driven by rising energy and commodity prices linked to the Iran conflict. This acceleration has intensified expectations that the Bank of Japan may raise interest rates as early as June, with markets pricing in a high…

The Economic Times

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Petrol Price Hike: The crude shock logic that will make Indians pay a higher price

Petrol Diesel Price Increase: Fuel prices across India have risen by up to Rs 3 per litre. This hike is driven by surging global crude oil prices and tightened energy supplies. State-run fuel retailers had absorbed costs but are now passing them on. The increase reflects higher international crude costs…

The Economic Times

‘Xi would also like to see the Hormuz Strait open’: Donald Trump on US-China talks

US President Trump revealed Chinese President Xi Jinping desires the Strait of Hormuz reopened to stabilize global energy markets. Both leaders reportedly agreed on the necessity of this crucial shipping route's resumption. Discussions also touched upon potential increased Chinese purchases of American oil and agricultural products, alongside ongoing tensions regarding…

The Times of India

HPCL, BPCL and IOC shares slide up to 3% after petrol, diesel price hike

Oil marketing company shares fell on Friday. Petrol and diesel prices saw a modest increase. This hike aims to ease financial pressure on companies. Global crude oil prices remain high due to West Asia conflicts. Prime Minister Modi urged fuel conservation. Oil Minister Hardeep Singh Puri expressed concern over companies…

The Economic Times

Trump says he is losing patience with Iran after talks with China's Xi

Iran war: The U.S. paused its attacks on Iran last month but began a blockade of the country's ports. Talks aimed at ending the conflict have stalled with Iran refusing to end its nuclear program or relinquish its ‌stockpile of enriched uranium.

The Economic Times

Iran-US war latest: Trump warns Tehran ‘clock is ticking’ after phone call with Netanyahu

A drone strike has sparked a ⁠fire at an electrical generator at the Barakah Nuclear Power Plant in Abu Dhabi

The Independent UK

CNG Price Hike: Natural gas gets costlier by Rs 2 per kg after petrol, diesel rate shock

CNG Price Increase News: Price of CNG has been increased by Rs 2 per kilogram in Mumbai, now costing Rs 84/kg. This follows a Rs 3/litre hike in petrol and diesel prices by Oil Marketing Companies to offset losses from rising global oil rates, which have surged over $120 per…

The Economic Times

Iran war energy shock drives India's interest in ethanol and other biofuels

India and Southeast Asian nations are boosting biofuel use amid global fuel disruptions. This move aims to reduce reliance on imported oil and manage rising costs. However, challenges remain in developing supply chains and ensuring vehicle compatibility. Experts also highlight environmental concerns related to crop-based biofuel production. The shift towards…

The Economic Times

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The Economic Times

Oil Price Today (May 15): Crude oil above $105 as Iran war resolution stagnates. Where is liquid gold headed?

Oil prices climbed Friday amid fears of ship attacks and seizures, despite Iran's claims of safe passage through the Strait of Hormuz. Traders are also watching US-China trade talks closely. Geopolitical tensions remain high, with disruptions significantly tightening global oil supplies and potentially impacting prices until late 2027.

The Economic Times

Diesel Price Today (May 15): Check new diesel prices in Delhi, Mumbai, Kolkata, Chennai and Bangalore after centre hikes fuel rates

Diesel Price Today (May 15): Fuel prices have seen an immediate Rs 3 per litre hike for petrol and diesel nationwide. Diesel rates in major cities like Delhi, Kolkata, and Mumbai have risen significantly. This comes as oil companies absorb substantial daily losses due to soaring global crude oil prices,…

The Independent UK

Iran war energy shock drives interest in ethanol and other biofuels across hard-hit Asia

Nations across Asia are pushing for the use of more biofuels in transportation in order to slash dependence on imported fossil fuels, which have been disrupted by the Iran war

The Economic Times

Gold heads for weekly loss on oil-driven inflation fears; markets eye Trump-Xi talks

Gold prices dipped to a one-week low, heading for a weekly fall. Rising energy costs are sparking inflation worries and the prospect of sustained high interest rates. Investors are also keenly watching the U.S.-China summit, while the Federal Reserve signals no immediate rate policy changes. Meanwhile, India is set to…

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The Economic Times

Oil rises as fears of ship attacks and seizures persist

Oil prices saw an increase on Friday. Market worries persist regarding ship attacks and seizures. Iran stated many vessels passed through the Strait of Hormuz. U.S. and Chinese presidents continued their discussions in Beijing. A ship was reportedly seized off the United Arab Emirates. The U.S. and China agreed on…

The Economic Times

Petrol Price Today (May 15): Check petrol price in Delhi, Mumbai, Kolkata, Hyderabad, Chennai after fuel rates hiked

Perol price today: Fuel prices surged nationwide on Friday, with petrol and diesel rates increasing by up to Rs 3 per litre. This hike, driven by global crude oil price fluctuations and supply disruptions in West Asia, pushes petrol prices over Rs 100 in several cities. State-run oil companies face…

The Economic Times

Donald Trump says China wants to buy oil, soybeans from US

President Trump announced China's intent to purchase US oil and soybeans following his meeting with Xi Jinping. Discussions also covered Visa's market access, trade deals, and regional security, including Iran and Taiwan. Trump described Xi as a direct and business-focused leader.

The Economic Times

Petrol Diesel Price Hike: Fuel prices raised by up to Rs 3/litre

Petrol Diesel Price Increase: Fuel prices have risen nationwide. Petrol and diesel rates saw an increase of up to Rs 3 per litre. In Delhi, petrol now costs Rs 97.77 and diesel Rs 90.67. This adjustment by oil marketing companies reflects global crude oil market volatility. The hike will affect…

The Economic Times

West Asia War: Ship reported seized off UAE as Trump discusses Iran with Xi

A ship was seized by Iranian personnel near the UAE. US President Trump and Chinese President Xi Jinping agreed on keeping the Strait of Hormuz open. An Indian cargo vessel was sunk off Oman. Iran is making deals for ships to pass through the strait. Iran's Judiciary Spokesperson stated seizures…

Barchart

Cotton Corrects Lower on Thursday

Cotton futures saw weakness on Thursday with contracts down 175 to 287 points in the front months. The US dollar index was $0.352 higher at $98.775. Crude oil was up $1 at $102.02. A meeting between President Trump and China’s President Xi in Beijing concluded early this morning. Few details...

Barchart

Soybeans Collapse Following Little News Out of Trump/Xi Meeting

Soybeans posted 20 to 40 ¾ cent losses across most contracts on Thursday. The cmdtyView national average Cash Bean price was down 36 cents at $11.28. Soymeal futures were back down $3.90 to $6, with Soy Oil futures falling 44 to 83 points. May futures expired today. A meeting between...

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