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The Latest Breaking News from Oil

Fuel Price Today, May 23, 2026: What is the petrol, diesel & CNG price in Delhi, Mumbai, Kolkata & Chennai after latest hike?

Fuel prices in India have seen another hike, with petrol and diesel rates increasing by Rs 0.87 and Rs 0.91 per litre respectively. This marks the third fuel price increase in May, adding to consumer costs. State-run oil companies are facing losses due to selling fuel below market rates, while…

The Economic Times

Wars, Oil and Wealth: The world adapts faster than we think, lessons for equity investors

India today is a more than four-trillion-dollar economy with stronger external reserves, wider energy relationships, greater diplomatic reach and a far more diversified economic structure than in earlier decades. Higher oil prices may affect inflation, current account balances and near-term sentiment, but they are unlikely to derail the broader growth…

The Economic Times

Pakistan army chief in Tehran as Iran weighs US peace offer

Pakistan's army chief arrived in Tehran for mediation efforts to end the Middle East war, as Iran considers a peace proposal amid reports of potential new US strikes. Diplomacy continues to secure the Strait of Hormuz, a crucial oil transit route, while fighting persists on the Lebanon front.

The Economic Times

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Ukraine war briefing: Putin promises revenge after blaming Kyiv for Luhansk attack he says killed six

Ukraine dismisses Russian president’s claim, saying attack on dormitory in Russian-controlled region in the east ‘exclusively targeted the Russian war machine’. What we know on day 1,550

The Guardian - AU

Petrol, diesel prices hiked for third time in eight days on rising crude oil costs

Fuel prices in India have seen another increase, with petrol and diesel rates rising by approximately Rs 0.87 and Rs 0.91 per litre respectively in Delhi. This marks the third hike this month, driven by a surge in international crude oil prices due to Middle East conflict and the expiry…

The Economic Times

President Trump Doesn't Need Congressional Approval for His Actions as to Iran

Congress can only stop Trump’s actions in Iran by passing a concurrent resolution of both Houses over Trump’s veto, or by declining to fund the war in next year’s budget.

Reason

Cotton Falls into Memorial Day Weekend

Cotton futures were 8 to 56 cents lower in most contracts on Friday, with July down 319 points on the week. December was down 258 points since last Friday. The US dollar index was $0.052 higher at $99.270. Crude oil was up $0.65 on the day to $97.00. The market...

Barchart

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US stocks close out their 8th straight winning week

The U.S. stock market closed out its eighth straight winning week

AAP

Crude Oil Prices Gain as Strait of Hormuz Remains Closed

July WTI crude oil (CLN26 ) on Friday closed up +0.25 (+0.26%), and July RBOB gasoline (RBN26 ) closed up +0.0756 (+2.31%). Crude oil rebounded from a 1-week low on Friday and settled higher as a US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global...

Barchart

Sugarcane-derived bio-oil eyed as huge waste-saver

Khon Kaen University is developing bio-oil from sugarcane leaves to cut agricultural waste and support clean energy production, with the prototype technology capable of producing up to 1,000 litres daily.

Bangkok Post

BC-OILS

NEW YORK (AP) — Futures trading on the New York Mercantile Exchange Friday:

AAP

Iran-Linked Hackers Used Fake Recruiter Lures to Spy On Engineers And Access Critical Systems: Report

Iran-linked hackers posed as job recruiters to target software engineers in the aviation, oil, and gas sectors, using fake job postings and malware-laced videoconferencing tools in an espionage campaign aimed at workers with access to critical systems.

International Business Times

Mixed messages on Iran keep investors guessing

RECAP: Asian stocks rose yesterday while the US dollar held near a six-week high ‌and oil prices rose, though conflicting messages on the Iran talks kept investors guessing and capped gains.

Bangkok Post

Trump’s ‘Don-Roe Doctrine’ Just Backfired as Russia Steps in to Save Cuba From His ‘Sanctions Noose’

Trump’s maximum pressure campaign is pushing Cuba straight into Russia’s arms.

The Mary Sue

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Marie Claire

The Best Summer 2026 Makeup Trends Are Serving Up a Dose of Ethereal Mermaid Energy

Watercolor shadow, glossy skin, and blurred lips are in.

Barchart

Soybeans Holding onto Gains at Midday

Soybeans are trading with 1 to 4 cent losses across most contracts on Friday. The cmdtyView national average Cash Bean price is up 3 1/2 cents at $11.34 3/4. Soymeal futures are up $2.30 to $3.80 on the day, with Soy Oil futures 40 to 45 points higher. The CBoT...

Barchart

Cotton Falling Lower on Friday

Cotton futures are down 50 to 77 points at Friday’s midday. The US dollar index was $0.003 lower at $99.215. Crude oil was up $0.54 on the day to $98.89. The market will be closed on Monday for Memorial Day, with a normal open for the Tuesday session. USDA’s Export...

Evening Standard

Kemi Badenoch: Aberdeen is dying because of the SNP

The Conservative leader accused the SNP of speaking ‘out of both sides of its mouth’ on support for the fossil fuel industry.

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The Independent UK

The natural balm I’ve found to be better than Ibuprofen gel for soothing sore muscles

I’ve been using Espa’s essential oil blend for eight years, and it can help ease headaches too

Capital & Main

Where California’s Gubernatorial Candidates Stand on Climate and Taking Big Oil Money

While frontrunners Steyer and Becerra slug it out, they’re clashing over their commitment to clean energy.

Evening Standard

FTSE 100 edges up amid cautious US-Iran optimism

Stocks gained encouragement from lower oil prices as investors weighed the latest developments in the Middle East.

The Independent UK

White House secretly ‘freaked’ about potential of breaking $5.02 gas record set under Biden

President Donald Trump has often boasted about his administration’s economic policies by comparing them to high prices under the Biden administration

Radio France Internationale

How Russia’s shadow fleet keeps slipping through Europe’s net

Russia’s vast “shadow fleet” of vessels has been seen primarily as a means of keeping the Kremlin’s oil revenues flowing despite Western sanctions. But a new report from the monitoring group ACLED argues the fleet has evolved into something bigger – a flexible platform for hybrid warfare across northern Europe.

AAP

Wall Street keeps rising, even as U.S. households keep getting more discouraged

The U.S. stock market is rising toward the finish of an eighth straight winning week

The Economic Times

Rubio on a rescue mission in India? Here are the high stakes

US Secretary of State Marco Rubio visits India to strengthen ties. The visit addresses trade friction and strategic concerns. The US seeks to re-anchor the partnership. Energy security and the Quad dialogue are key discussion points. India balances cooperation with its strategic autonomy.

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