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The Latest Breaking News from Oil

Portuguese among top in Europe for desire to travel in 2026, but high costs remain a concern

Nearly 50% of those polled in the country cited financial limitations as a reason not to travel, according to a study by Europ Assistance.

Euronews

Global markets rise as Iran war uncertainty keeps oil elevated

Markets climbed on Friday as hopes of a breakthrough in US-Iran negotiations steadied investor nerves, but with Hormuz shipping still disrupted and oil above $100, uncertainty has far from lifted.

Euronews

EU economy chief certain the bloc will not return to Russian gas or oil as energy crisis bites

Exclusive: European Commissioner for the Economy Valdis Dombrovskis said Russia is milking the crisis in the Middle East for energy profits – and the EU will not ease on its sanction regime for cheaper oil or gas flows.

Euronews

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A Canadian province will hold a referendum on independence – and it’s not Quebec

Alberta, Canada’s oil-rich province, is set to hold a referendum this October, though its premier, Danielle Smith, clarified on Thursday that the vote will not directly address secession from the Canadian federation

The Independent UK

Time to buy rupee assets? DSP Mutual Fund lists 5 reasons favouring Indian equities and bonds

DSP Mutual Fund has urged investors to allocate towards rupee-denominated assets despite concerns over crude oil prices, currency weakness and foreign outflows. The fund house cited undervalued REER levels, narrowing India-US inflation differentials, resilient external sector buffers, attractive largecap valuations and cyclical forex trends as key reasons favouring Indian equities…

The Economic Times

That sinking feeling: Rupee@100 is a mental fear, not macro nightmare

The rupee is under strong pressure due to rising global crude oil prices driven by Middle East tensions, briefly hitting an all-time low of 96.96 against the US dollar before recovering slightly with central bank support.

The Economic Times

Alberta to non-binding referendum on staying in Canada

The oil-rich province of Alberta will hold a referendum on leaving Canada, but its premier says it won't actually be a vote on whether to separate.

AAP

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Lily Beetles Are Emerging This Month – And This Surprising Natural Trick Can Help Stop an Infestation Early

Sunflower oil is an organic alternative to using chemicals – we also recommend handpicking lily beetles as a tried-and-tested control method

Homes & Gardens

Big oil’s war profits may have a silver lining after all

As conflict in Iran sends prices soaring, fossil fuel companies are seeing extraordinary gains – but the crisis may also accelerate the shift towards clean energy

The Guardian - UK

Crude oil prices could hit $200 per barrel if Strait of Hormuz remains closed: Report

A prolonged closure of the Strait of Hormuz could push crude oil prices to as high as $200 per barrel and trigger a global recession, according to a Wood Mackenzie report.

The Economic Times

How to use lemongrass oil to keep lizards away: Easy tricks to stop these unwanted guests from climbing your walls

Lemongrass oil offers a natural way to deter house lizards by masking their scent attractants and reducing insect prey. Its strong citrus aroma, particularly from compounds like citral, makes areas less appealing to lizards. Applying diluted lemongrass oil sprays or scented cotton balls near entry points and common lizard spots…

The Economic Times

Asian shares track Wall Street gains and oil prices climb on uncertainty over the Iran war

Asian shares have advanced following modest gains on Wall Street

The Independent UK

First-time investors should start with balanced funds and short-duration debt in first year: Anand Radhakrishnan, Sundaram MF

Amid global uncertainty, Sundaram Mutual Fund's Anand Radhakrishnan advises investors to stay disciplined. First-time investors should begin with balanced funds and short-duration debt. Gradually increase equity exposure and rebalance portfolios periodically. Avoid emotional decisions and maintain diversification across asset classes and geographies. Crude oil prices are a key variable to…

The Economic Times

Global Market: Oil crisis and strong dollar intensify pressure on Asian currencies

Asian economies face a global energy shock. Policymakers are enacting emergency measures as currencies weaken and fuel costs surge. India urges reduced overseas travel and gold purchases. Indonesia hikes interest rates and tightens export earnings control. The Philippines also raises rates. These actions aim to stabilize economies amid rising oil…

The Economic Times

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The Independent UK

Ukraine-Russia war latest: Kyiv hit by hypersonic ballistic missile as allies condemn ‘reckless escalation’

At least four people were killed in the attacks on Ukraine’s capital

The Economic Times

Global Market: Japan inflation slows sharply, but energy risks cloud outlook

Japan's core inflation eased to a four-year low in April, driven by government subsidies. However, rising energy costs due to the Iran conflict are expected to push inflation higher, prompting speculation of further monetary tightening by the Bank of Japan.

The Economic Times

Market wrap: Sensex rises 232 points, Nifty closes above 23,700 as rupee recovers from lifetime lows

Indian markets ended the week higher after recovering intraday volatility, with Sensex and Nifty posting modest gains amid hopes of easing geopolitical tensions. Financial stocks led advances while pharma and healthcare lagged. Strong DII inflows offset FII selling, and rupee rebounded sharply as oil prices and bond yields cooled globally.

The Economic Times

Silver dips Rs 1,600/kg, gold down Rs 800/10 grams on firm dollar, Iran war uncertainty. Key levels to watch today

Gold and silver futures fell on MCX Friday, dragged by a stronger dollar and rising oil prices fueling Fed rate hike fears. Gold (June) dropped ₹800 to ₹1,58,816/10g, while Silver (July) slid ₹1,617 (0.6%) to ₹2,73,266/kg — reversing modest gains from the prior session.

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The Economic Times

Oil near $100, gold plateaus, AI fuels a global capex boom: Hitesh Jain on what investors need to know

Hitesh Jain of Yes Securities outlines a market of ambiguity for crude oil, caught between geopolitical tensions and potential easing. He contrasts the AI investment cycle with the dotcom era, highlighting stronger fundamentals and faster adoption. Jain views India as an AI adoption beneficiary, while silver offers a longer runway…

France 24

Alberta to hold October referendum on whether to remain in Canada

Canadian Prime Minister Mark Carney said Friday that Alberta was "essential" to the country's future, hours after the province's leader moved the oil-rich region closer toward a referendum on independence. Earlier Premier Danielle Smith said the vote would not directly decide independence but ask voters whether they favoured constitutional changes…

The Guardian - AU

AFR editor blames ‘reporter oversight’ for failure to disclose travel payment for energy conference

Columnist Jennifer Hewett took part in and wrote about conference that she attended courtesy of oil and gas lobby. Plus: Kim Williams v Chris Kenny

The Guardian - AU

Ukraine war briefing: Oil plant strikes all going to plan, says Zelenskyy

Ukrainian drones ignite Syzran oil refinery deep inside Russia; ISW says Ukraine regaining the initiative on frontline. What we know on day 1,549

AAP

Stocks climb and dollar up amid Iran talks uncertainty

Asian and European shares have risen, the greenback is near six-week highs and oil has edged up as progress remains unclear in talks to end the Iran war.

The Economic Times

Oil Price Today (May 22): Crude oil snaps 3-day fall amid mixed signals on Iran war peace talks. What are experts saying?

Oil prices saw an increase on Friday. Investors are watching Iran peace talks closely. Conflicting reports are creating uncertainty. Concerns about oil supply persist. The Strait of Hormuz remains a critical point. Disruptions could impact global markets. Developing economies may face significant challenges. The situation remains dynamic.

The Economic Times

Arvind Panagariya’s advice to RBI: ‘100 is just a number; let rupee depreciate or reserves will bleed out’

Arvind Panagariya, Chairman of the 16th Finance Commission, advises the Reserve Bank of India to allow the Indian rupee to weaken. He believes aggressively defending the currency with foreign exchange reserves is a losing strategy. Panagariya suggests that letting the rupee depreciate is the correct response to rising oil prices…

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