Yemen's Houthis Said They Attacked Saudi Airports. Oil Prices Climb Again. Saudi Aramco has built cage-like structures to protect oil facilities near the Riyadh airport. International Business Times · Oct 7
India-bound sunflower oil cargoes face cancellation, delays as war disrupts Russian shipments The Russia-Ukraine conflict has also delayed about 60,000 tons of sunflower oil bound for India, prompting Indian buyers to step up palm oil purchases ahead of the festival season, trade sources said. The Economic Times · Oct 7
Cotton Correcting Lower on Wednesday Morning Cotton prices are down 80 to 90 points so far on Wednesday. Futures closed the Tuesday session with contracts 21 to 57 points higher at the final bell. Crude oil was 48 cents per barrel higher on the session, with the US dollar index back down $0.308. Monthly trade data... Barchart · Oct 7
JD Vance Called on Iran to Make Nuclear Concessions. A Senior Official Said Tehran Will 'Never' Give Up Enrichment. "There have been no negotiations between Iran and the US about Tehran's nuclear program," an official said. International Business Times · Oct 7
India bonds tumble after RBI's first rate hike in nearly four years In a bid to combat inflation, the Reserve Bank of India has increased the key interest rate to 5.5%. This decision has led to a notable dip in Indian government bonds in the market. Factors such as climbing global oil prices are further complicating the economic landscape. While the 10-year… The Economic Times · Oct 7
Oil and gas business hit with £300,000 fine after breaching offshore regulations Canadian Natural Resources International self-reported the breach to the North Sea Transition Authority. Evening Standard · Oct 7
Marco Rubio Claims U.S. Economic Pressure on Iran is Working, Sending its Economy Into 'Complete Freefall' The secretary of state reiterated that Washington's condition to end the war is preventing Tehran from obtaining a nuclear weapon. International Business Times · Oct 7
Want to Eat Healthier? Start With These 7 Simple Habits The good news is that you do not need to change everything at once. Start with a few simple habits and build from there.Which can make your morning more healthy and guilt free along with giving you fresh feeling . 1. Add More Colour to Your PlateOne of the easiest… MyLifeXP · Oct 7
Russian strikes on Ukrainian cities kill at least 19 in major attack that Kyiv saw coming Overnight, Russian forces unleashed a wave of missiles and drones across Ukraine, leading to civilian losses, with a toll of at least 19 lives, including four children. Despite their efforts to predict this aggression, the Ukrainian officials now face the aftermath of the brutal strikes. In retaliation, Ukraine has targeted… The Economic Times · Oct 7
Current price of oil as of Oct. 7, 2026 When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why. Fortune · Oct 7
US-India trade talks grind to a halt. What went wrong? Hopes dim for long-awaited trade agreement as minister says negotiations at a point where additional give and take is ‘very, very difficult’ for both Delhi and Washington The Independent UK · Oct 7
Oil Flows Are Recovering But Diesel is Likely To Continue Being Expensive For a While. Here's Why. Depleted inventories and limited refining capacity are keeping fuel markets tight even as crude shipments through the Strait of Hormuz recover. International Business Times · Oct 7
Italy lets diesel tax cut expire as Europe tackles fuel costs The Meloni government has neither renewed the diesel tax cut nor launched the replacement scheme it had promised. EU leaders meet on 15–16 October, while European governments pursue different measures to ease fuel costs. Euronews · Oct 7
Russian strikes across Ukraine kill at least 15 as Putin celebrates 74th birthday Multiple explosions heard in Kyiv, with many residents taking shelter in subways and metro stations The Independent UK · Oct 7
The Economic Times · Oct 7 Petrol margins turn positive as OMC fuel marketing losses ease in Q2FY27: Report Fuel marketing losses of state-run oil marketing companies (OMCs) narrowed sharply in the September quarter, helped by lower crude oil prices and the full impact of retail fuel price hikes, according to Emkay Research.
The Economic Times · Oct 7 Global Market: UK Gilt yields rise as oil, US Treasury yields weigh on bonds British 10-year gilt yields jumped 6 basis points to 5.44%, nearing a 19-year high, as rising oil prices and US Treasury yields fueled inflation concerns. Investors also focused on Britain’s upcoming October 28 budget and fiscal outlook. Potentially higher borrowing needs and weak global bond markets added pressure to government…
The Economic Times · Oct 7 A new rate game begins. What’s inside the RBI’s new playbook? RBI rate hike in October monetary policy marks a sharp shift to calibrated tightening, raising the repo rate to 5.5%. RBI Governor Sanjay Malhotra is prioritising inflation risks as crude oil, food prices and inflation expectations rise. Strong FY27 GDP growth at 7.1%, rapid credit growth and tighter liquidity give…
The Economic Times · Oct 7 Global Market: European shares fall as rising yields, oil lift risk concerns European shares fell after three sessions of gains as rising oil prices and global bond yields weighed on sentiment, while concerns over France’s fiscal position added to pressure on markets.
Fortune · Oct 7 Saudi’s economic transformation collides with war and falling FDI In this week’s Fortune Gulf Brief.
The Independent UK · Oct 7 Equinor questions future of UK oil investment if North Sea drilling not approved IN FULL
The Economic Times · Oct 7 Oil tanker captains are being offered over $100,000, plus bonuses, to cross Hormuz Oil tanker captains are currently receiving extraordinarily high salaries due to increased risks while transiting through the Strait of Hormuz. Seafarers face danger from attacks as Iranian tensions escalate, prompting shipowners to offer more attractive pay packages. Many ordinary sailors are being pressured into high-stakes voyages, facing possible job loss…
The Independent UK · Oct 7 Crude oil ‘openly burning’ in Black Sea after Ukraine strikes tanker off Russian coast IN FULL
The Guardian - UK · Oct 7 Shell expects refineries to almost double the profit from every barrel of fuel made Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and Russia
The Economic Times · Oct 7 IMF chief warns energy shock, growing debt and AI risks threaten global growth IMF chief Kristalina Georgieva warned that high energy prices, record public debt and the AI investment boom are fuelling inflation and threatening global stability. She urged high-debt economies to pursue fiscal consolidation and central banks to maintain a cautious, hawkish stance.
The Economic Times · Oct 7 Ambani's Reliance drives India’s Venezuela oil imports to seven-year high India is expecting to significantly increase its imports of Venezuelan oil this month due to appealing discounts. Venezuelan crude deliveries may exceed 465,000 barrels a day, marking the highest levels since December 2019. Reliance Industries is particularly benefiting from these low-cost supplies as Russian shipments decline amidst rising costs. While…