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The Latest Breaking News from Oil

Why are gold and silver prices down today, and will gold drop to $4,600 and silver slip to $80? Gold slips as markets assess Middle East tensions and inflation data

Why are gold and silver prices down today, and will gold drop to $4,600 and silver slip to $80? Gold and silver moved lower as markets studied Middle East tensions, U.S. inflation data, and interest rate expectations. Analysts pointed to a stronger dollar, rising oil prices, and changes in rate…

The Economic Times

Iran war oil shortage forces Japan snack giant to use black-and-white packaging

Calbee to switch its brightly coloured packaging to black and white because war has disrupted supply of certain raw materials used in ink

The Guardian - AU

Marathon Petroleum Q1 Earnings Call Highlights

Marathon Petroleum (NYSE:MPC) reported stronger first-quarter 2026 results, with management pointing to improved refinery reliability, elevated refining margins and a favorable supply-demand backdrop shaped in part by geopolitical disruptions in the Middle East. On the company’s earnings call, CEO

MarketBeat

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Mach Natural Resources Q1 Earnings Call Highlights

Mach Natural Resources (NYSE:MNR) said it is shifting more of its 2026 drilling program toward oil-weighted opportunities while maintaining its emphasis on distributions, low reinvestment and balance sheet discipline, according to comments from executives on the company’s first-quarter 2026 earnings

MarketBeat

ONGC shares rally 6% after govt cuts crude oil royalty; CLSA explains why it’s a big boost

ONGC shares surged 6% after CLSA termed the government’s decision to cut crude oil and natural gas royalty rates a major positive for upstream producers. The brokerage said the move could raise ONGC’s fair value by 7-9% and Oil India’s by 9-11%. Oil India shares also gained 7.5%, while CLSA…

The Economic Times

Global Market: Bank of Japan turns increasingly hawkish as oil shock fuels inflation concerns

Japan's central bank, the BOJ, is feeling pressure to raise interest rates soon. Surging oil prices linked to the Iran conflict are pushing inflation higher. Some policymakers want a rate hike as early as June. This signals a shift towards tighter policy. Investors now expect a significant change in Japan's…

The Economic Times

PM Modi doesn't want you to buy gold for next 1 year. A bigger crash on the cards?

Prime Minister Modi urged Indians to avoid buying gold for a year, a move seen as an attempt to protect foreign exchange reserves amidst global uncertainty and rising crude oil prices. While jewellery stocks saw a knee-jerk reaction, experts believe the appeal may cause temporary caution rather than alter India's…

The Economic Times

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Asian shares trade mixed after Wall Street rally despite Iran war worries

Asian shares are trading mixed as optimism encouraged by a record rally on Wall Street clashed with pessimism over worries about surging oil prices and an inflated AI boom

The Independent UK

Silver gains Rs 3,100/kg, gold at Rs 1.54 lakh/10g ahead of US inflation data, fading peace talk hopes. What should you do?

Gold and silver prices rose on MCX Tuesday as investors turned cautious ahead of key U.S. inflation data. Weakening hopes of a U.S.-Iran peace deal lifted crude oil prices, fuelling concerns that persistent inflation could keep global interest rates higher for longer.

The Economic Times

Why market crashed today? Sensex tumbles 1,450 points; Nifty closes below 23,400. 6 key factors behind the D-Street bloodbath

Indian stock markets experienced a significant downturn on Tuesday, with Sensex and Nifty extending previous day's losses. The decline was fueled by a fresh all-time low in the rupee, elevated oil prices, and geopolitical concerns stemming from the Middle East conflict. Investors are spooked by continuing FII selling and global…

The Economic Times

Peace deal hopes fade after Trump rejects 'garbage' Iran proposal

Hopes for an Iran peace deal have dimmed as President Trump stated a ceasefire is "on life support" following Tehran's rejection of a U.S. proposal. Iran presented a list of demands, including an end to the war on all fronts and compensation, which Trump dismissed. The Strait of Hormuz remains…

The Economic Times

Iran-US war latest: Trump accuses media of treason as US intel reportedly claims Tehran retains substantial missile capabilities

Trump says reports that the ‘Iranian enemy is doing well’ are ‘false’

The Independent UK

Rupee hits record low of 95.55 as fraying US-Iran ceasefire keeps oil prices on the boil

The rupee has reached its lowest point ever against the US dollar. This decline is driven by investor concerns over escalating conflict in the Middle East. The situation has led to a surge in oil prices. This development poses economic challenges for India, which imports most of its energy needs.…

The Economic Times

Don't go all in right now; Systematix bets on PSU banks, IT, and defence, avoids realty and jewellery

Geopolitical tensions necessitate a disciplined, diversified investment approach, according to Systematix Group's Nikhil Khandelwal. He advises a staggered capital deployment over three to six months, emphasizing crude oil and the rupee as key variables. Khandelwal favors PSU banks, IT, and capital goods for their resilience and valuation, while cautioning against…

The Economic Times

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The Economic Times

Petrol, Diesel prices today hiked? Check the latest rates in Delhi, Mumbai, Kolkata and other cities as OMCs bleed Rs 1,000 crore per day

Petrol, Diesel prices today (May 12): Petrol and diesel prices remained steady on May 12, 2026, despite rising concerns over India's energy security and escalating crude oil prices. The government is absorbing daily losses to shield consumers, while urging citizens to curb fuel consumption amid Middle East tensions. India maintains…

AAP

Aussie shares wobble ahead of budget, oil surges again

Deteriorating US-Iran relations and concerns over flagged tax reforms weighed on the local share market, which has fallen in 15 of the past 19 sessions.

The Economic Times

Oil Price Today (May 12): Crude oil at $105 as Donald Trump says peace talks on ‘life support’. What are experts saying?

Oil prices rose for a second day as uncertainty surrounding U.S.-Iran conflict resolution kept global crude supply concerns high. President Trump indicated ceasefire talks are struggling, while the U.S. plans to release oil from its reserves. Market attention now shifts to Trump's China visit, with hopes of leveraging influence for…

The Economic Times

India cuts royalty burden on oil and gas producers in push for domestic output

India's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration and production. Deepwater and ultra-deepwater fields will see significant royalty reductions. New policies offer zero royalty for initial years in these challenging areas.

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The Times of India

UAE secretly joined Iran war? Report claims covert strikes hit key oil refinery

The United Arab Emirates secretly conducted attacks on an Iranian oil refinery last month, marking a new direct participant in the conflict. This action followed Iran's extensive targeting of the UAE, prompting a strategic shift in Abu Dhabi's approach to Tehran. The UAE possesses a highly advanced air force, fueling…

The Economic Times

Dollar steady as Middle East peace hopes recede

Middle East conflict fears are keeping the U.S. dollar steady as oil prices climb. Investors worry about renewed hostilities and their impact on inflation, potentially delaying interest rate cuts. While diplomatic efforts show little progress, markets remain cautious, awaiting key U.S. inflation data and President Trump's China visit.

The Economic Times

Frustrated Trump learns he doesn't have the cards on Iran

President Trump faces challenges with Iran. His approach has not yielded desired results. The conflict has impacted global oil prices. Americans are concerned about rising costs. Trump's upcoming trip to China occurs during this difficult period. Experts suggest his leverage is diminished. The situation highlights the complexities of international relations…

The Economic Times

UAE secretly carrying out attacks on Iran including one targeting oil refinery on Lavan Island: Report

The United Arab Emirates has reportedly conducted military strikes against Iran. These actions, not publicly confirmed by the UAE, allegedly targeted a refinery on Lavan Island in early April. The Wall Street Journal cited sources familiar with the matter. Reuters has not yet verified these claims. The situation remains under…

The Economic Times

Bears tighten grip on D-Street as GIFT Nifty points to weak opening

Indian equities saw a nearly 1.5% decline on Monday, mirroring weak global sentiment following the US-Iran peace talks failure. Analysts anticipate continued caution due to escalating geopolitical tensions, with stock and sector-specific movements expected alongside the Q4FY26 earnings season's final phase. The India VIX surged, indicating increased market nervousness.

The Economic Times

U.S Stock Market on Tuesday: S&P 500, Dow Jones, Nasdaq for record trading? These factors will decide

U.S. Stock market investors would hope that S&P 500, Dow Jones, Nasdaq will continue record run.

The Economic Times

Global Market Today: Asian stocks advance, oil gains on Iran deadlock

Asian stocks advanced, buoyed by continued optimism in the AI sector, even as US-Iran peace talks faltered. Oil prices climbed, with West Texas Intermediate holding above $98 a barrel. Higher oil prices contributed to rising Treasury yields, as investors priced out Fed rate cuts this year.

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