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The Latest Breaking News from Oil

While commercial ships and oil tankers struggled to get by, this Soviet-born billionaire’s $300 million superyacht left Dubai and cruised through the Strait of Hormuz on a 2,000-mile journey to the Maldives

Motor Yacht A, under the ownership of billionaire Andrey Melnichenko, recently traversed the Strait of Hormuz amidst increased military tensions that have prompted commercial vessels to postpone their voyages. Following the imposition of Western sanctions after Russia's invasion of Ukraine, Melnichenko relocated his assets to the Gulf, particularly after his…

The Times of India

Andy Burnham urged not to cave to demands of oil and gas industry on North Sea

ANDY Burnham has been urged not to “cave into the demands of the profiteering oil and gas industry” after reports suggested he will announce new…

The National (Scotland)

Jackdaw gasfield would create only 27 direct full-time jobs, documents show

Campaigners say field will bring minimal benefit for UK economy, as industry lobbies Burnham for go-ahead

The Guardian - UK

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India bonds sink on oil spike, index-entry uncertainty

On Friday, Indian government bonds underwent a notable drop, with benchmark yields marking the steepest weekly rise in the past eight weeks. The surge in oil prices and concerns over index inclusion led traders to exercise caution, reducing their risk exposure as they approached the weekend. This trend is indicative…

The Economic Times

Cotton Extending Losses to Friday AM Trade

Cotton price action is down 95 to 105 points so far on Friday morning. Futures fell into the Thursday close, posting session losses of 223 to 287 points at the final bell. Crude oil was up a modest 14 cents per barrel, with the US dollar index up 0.251. Export...

Barchart

'Shameless': Greece and LNG emerge as major roadblock in new Russia sanctions

Greece has thrown a spanner into the works of fresh EU sanctions by demanding an exemption to a full ban on Russian LNG. Member states are aghast at the request, with one diplomat calling it "shameless".

Euronews

Iran-linked tankers U-turn, zig-zag as US enforces blockade

US sanctions on Iranian shipping have been reimposed, impacting tanker movements. Several Iran-linked tankers changed course in the Gulf of Oman and Arabian Sea. Ship tracking data shows diversions and zig-zagging patterns by these vessels. The US military has also taken action against non-compliant ships. Observable shipping activity through the…

The Economic Times

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U.S.-Iran Clashes Have Expanded To Key Infrastructure. Oil Is Rising

Oil prices are rising on Friday as clashes between the U.S. and Iran escalate further.

International Business Times

India's development did not come to standstill despite oil supply crisis: PM Modi

Prime Minister Narendra Modi on Friday said India's railway network would have faced a major crisis during the recent West Asia conflict if it had remained dependent on diesel, highlighting that nearly 99% of Indian Railways has been electrified over the past 12 years.

The Economic Times

Rupee closes at 96.28 vs USD; logs sharpest weekly drop since May as oil price jump stings

The Indian rupee faced its most significant weekly drop since May, driven by rising oil prices and strong demand for the dollar. Increasing tensions between the U.S. and Iran exacerbated concerns over energy supplies, further straining the rupee's position. However, interventions from state-run banks provided some relief, temporarily halting its…

The Economic Times

Rs 9,000 crore bet! Reliance Industries promoters increase stake by 0.5% in June quarter

Reliance Industries’ promoters increased their stake to 50.48% in the June quarter through market purchases worth an estimated Rs 8,500–9,000 crore. The move signals confidence despite the stock’s weak performance, earnings misses and challenges across retail and oil-to-chemicals businesses.

The Economic Times

Exclusive: Skip USO and BNO? Louis Navellier Explains Why Traders Should 'Prefer Individual Stocks' Like PSX

As the U.S.-Iran conflict injects massive volatility into global energy markets, renowned investor Louis Navellier is urging traders to skip popular energy ETFs like United States Oil Fund LP (NYSE:USO) and United States Brent Oil Fund LP (NYSE:BNO)

Benzinga

Woman Opens Fram, Purolator Oil Filters From Walmart. She’s Horrified By What She Sees Inside: ‘You Can Clearly Tell’

"Only oil thing I'll buy from Walmart is..."

Motor1

Oil Producers Are Trying to Leave the Strait of Hormuz Behind. Iran Has Other Plans.

Governments across the Gulf are accelerating pipeline construction after Iran and its regional allies intensified attacks on commercial shipping, but experts say pipelines remain exposed to military strikes from Tehran.

International Business Times

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Fortune

Current price of oil as of July 17, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

The Economic Times

Peak of US-Iran conflict likely over; easing commodity prices to aid Indian manufacturers from H2FY27: Report

Easing commodity prices are expected to boost Indian manufacturers' operating margins. Global supply is improving and demand from China remains weak. US crude oil exports have risen, offsetting supply disruptions. OPEC+ agreed to increase output, further stabilizing oil prices. Manufacturing margins historically recover with a lag after commodity prices ease.

The National (Scotland)

Scottish oil terminal to become new Royal Navy base

AN OIL terminal in Inverclyde is set to be turned into a new naval base to help supply British and Nato warships, the Royal Navy has announced ...

The Economic Times

Foreign inflows in Asian bonds surge to seven-month high in June

Asian bonds saw their largest foreign inflows in seven months during June. Lower oil prices and strong technology demand improved the region's economic outlook. Investors bought over eleven billion dollars in regional bonds, seeking safer fixed-income assets. South Korean and Indian bonds recorded substantial net foreign purchases. Indonesian bonds attracted…

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The Times of India

In 1987, a woman in Shetland rescued one abandoned seal pup, and nearly 40 years later her sanctuary is still saving orphaned seals

On a quiet evening in May 1987, Jan Bevington was sitting on a beach in the village of Hillswick, on the north-west mainland of Shetland, when she spotted something being washed helplessly up and down in the surf, a newborn common seal pup, abandoned and struggling to survive on its…

The Economic Times

Global Market: ECB weighs inflation risks, digital Euro progress at July meeting

According to Reuters, policymakers are widely expected to keep the ECB's key interest rate unchanged at 2.25%, following June's surprise rate hike that made the central bank the first among the world's major monetary authorities to tighten policy in response to the geopolitical fallout from the Iran conflict.

The Economic Times

Vedanta, demerged Vedanta Aluminium, Vedanta Oil & Gas get rating upgrades from CRISIL

CRISIL has upgraded ratings for Vedanta Aluminium Metal and Vedanta Oil and Gas. These upgrades reflect stronger business and financial risk profiles for the demerged entities. Hindustan Zinc Ltd continues to be fully consolidated with Vedanta due to strong integration. Vedanta's financial risk profile has improved significantly after the demerger.…

The Guardian - UK

Iranian airport and bridges hit as US forces board ship amid ports blockade – as it happened

Southern rail station also attacked, Iranian media says, as IRGC claims to have destroyed US fighter jets stationed in Jordan

Benzinga

Analyst Says Americans Spent '$308 Million More' on Gas in a Day as Prices Near $4 a Gallon

The surge in oil prices amid escalating tensions in the Middle East has caused a spike in gas prices, with GasBuddy analyst Patrick De Haan saying the situation has gas very close to reaching $4/gallon again.

The Economic Times

US Senate bill seeks 100% tariffs on India, 4 other nations for buying Russian oil

A bipartisan bill introduced in the US Senate proposes 100% tariffs on imports from the top five buyers of Russian oil or gas, including India, China, Slovakia, Hungary and Azerbaijan, to pressure Russia over its war in Ukraine.

The Economic Times

China's oil imports have plunged during the Iran war. How much will they recover?

China's oil imports have significantly decreased since April. This reduction has kept global prices stable and freed up supply. Analysts are uncertain about the permanence of this demand drop. Factors like electric vehicle adoption and industrial slowdown influence future consumption. Stockpiling and fuel export policies will also shape import levels.

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