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The Latest Breaking News from Oil

Petrol, Diesel prices on June 14: Check latest rates in Delhi, Mumbai, Bengaluru and other cities

Fuel prices remained steady on June 14, 2026, offering consumers a respite after recent hikes. This pause comes despite global crude oil volatility and geopolitical concerns affecting energy supplies. Recent price increases had pushed retail rates to over two-year highs, but a softening in global oil prices offers hope for…

The Economic Times

India's Russian oil imports rise in May as refiners boost purchases

India continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydrocarbons worth 5.8 billion euros. Crude oil formed the bulk of these imports, with refiners significantly increasing their purchases from Russia. This trend highlights India's strategic energy sourcing amidst global…

The Economic Times

Strait of Hormuz is reopening after this Sunday? Donald Trump shares major update on US-Iran deal

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

The Economic Times

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Australia is facing a shortage of critical lubricants. How do we stop everything grinding to a halt?

The problem shows how widespread the fallout from the enduring Middle East conflict is, with disruptions extending beyond fuel for transport

The Guardian - AU

Trump says deal to end war will be signed on Sunday, Iran questions timing

Pakistan and the U.S. announced an initial deal to end the Middle East war, with an electronic signing planned for Sunday. Iran, however, denied the immediate signing, citing hesitation from the other side. The proposed agreement includes reopening the Strait of Hormuz and releasing frozen Iranian assets, though details on…

The Economic Times

US, Iran inch closer to peace deal as details emerge

A initial plan for peace is due to be signed within a day, says US President Donald Trump and mediators from Pakistan as details begin to emerge.

AAP

No shortage of energy in country, LPG, oil supply situation comfortable: Hardeep Singh Puri

Speaking with reporters in Ludhiana, Puri further asserted that, while fuel prices rose considerably in many countries, rates in India dropped by 3.1 per cent from May 2022 to May 2026.

The Economic Times

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America In Focus: Inflation hits 3-year high, Wall Street rallies and Musk becomes a trillionaire

Rising gas prices pushed inflation to its highest level in three years, new data showed this week, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near

AAP

Why These 2 Hotel Stocks Are Beating Travel Peers

High oil prices above $90 per barrel are pressuring airlines and cruise lines, while fuel-cost-free hotel franchises like Marriott and Hilton reach new highs.

MarketBeat

This Energy Stock Has Quietly Soared 130% in a Year

Par Pacific stock is benefiting from stronger refining margins, renewable fuels expansion, and buybacks, though investors should remain mindful of volatility.

MarketBeat

Shipowners on edge for news on Hormuz as ‘dark’ oil flows swell

Shipowners are closely monitoring a potential US-Iran peace deal and its implications for the Strait of Hormuz. While some express caution, others anticipate a surge in activity if the vital waterway fully reopens. Even now, oil is discreetly flowing through the strait. A reopening could lead to a significant influx…

The Economic Times

Elon Musk becomes world's first trillionaire. But who were history's first billionaire and millionaire?

Elon Musk has become the world's first trillionaire, a milestone echoing past fascinations with John D. Rockefeller, the first billionaire, and John Jacob Astor, the first millionaire. Musk's wealth, driven by SpaceX's IPO, has reignited debates on wealth inequality, with figures like Senator Warren highlighting the vast disparity. Historians note…

The Times of India

F&O Talk: Bullish Nifty charts; Sudeep Shah picks 7 stocks, outlines HDFC Bank, Sterlite Tech strategy

Indian stock markets rallied sharply on Friday, with Sensex and Nifty gaining 2% each, driven by hopes of a US-Iran peace deal and easing crude oil prices. Analysts see potential for further upside in Nifty and Bank Nifty, while Nifty IT faces headwinds. Derivatives data suggests improving market sentiment.

The Economic Times

Bitcoin holds near $64,000 as falling oil prices and US-Iran peace hopes lift risk sentiment

Bitcoin hovered near $64,000, buoyed by falling oil prices and optimism for a US-Iran peace deal, which lifted overall risk sentiment. While Bitcoin saw a slight gain, Ethereum experienced a minor dip. Major altcoins showed mixed performance, with some falling and others rising.

The Economic Times

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The Economic Times

ETMarkets Smart Talk| RBI's FPI reforms could attract $50-100 billion into Indian debt over time: Vikas Garg of Invesco MF

RBI’s easing of foreign investment norms for government securities could attract substantial long-term capital inflows into India’s debt market, according to Invesco Mutual Fund. The reforms may deepen bond markets, support the rupee, improve liquidity and strengthen macroeconomic stability.

The Economic Times

Vedanta listing: Aluminium, Power, Oil & Gas, Iron & Steel share trading starts Monday. Target price and what else to expect

Four Vedanta entities are set to list on stock exchanges on Monday, June 15, following a mega demerger. Vedanta Aluminium is expected to debut with a market cap of Rs 1.74 lakh crore, potentially surpassing its parent company. The demerged companies will initially trade in the Trade-to-Trade segment.

The Economic Times

Oil nears two-month lows on reports of imminent US-Iran peace deal

Oil prices dropped significantly, reaching their lowest point in nearly two months as U.S. and Iranian officials indicated a potential agreement to de-escalate tensions in the Middle East. Reports suggested a memorandum could be signed soon, impacting global oil markets and the Strait of Hormuz.

The Economic Times

Global markets: Stocks rise as SpaceX makes market debut; oil slides on Gulf peace hopes

Global equities rose Friday, led by a surge in SpaceX's market debut, which pushed its valuation past $2 trillion. Wall Street ended higher as investors weighed hopes for an Iran peace deal against the tangible boost from the successful IPO. Oil prices slid over 3% on renewed optimism for a…

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The Economic Times

European shares rally as Middle East peace hopes drag oil prices lower

European shares surged on Friday, driven by renewed hopes for a Middle East diplomatic breakthrough that lowered oil prices. The pan-European STOXX 600 advanced significantly, with Spain's IBEX 35 hitting an all-time high. Travel and leisure stocks led gains, while energy shares lagged as crude prices fell.

The Times of India

38 'close deals' later: Why has Trump been saying Iran war to end soon since March?

US President Donald Trump has publicly predicted an imminent deal to end the Iran war at least 38 times since March, according to CNN's tally, with each claim followed by no final agreement.

The Economic Times

Falling crude oil price sends tyre, paint, oil marketing and airline companies soaring in relief rally

On Friday, a significant drop in oil prices caused a ripple effect in the stock market, with companies linked to crude oil benefiting the most. Firms in the oil marketing sector, tire production, and airlines enjoyed an uptick, as the affordable oil alleviated some financial anxieties. Conversely, upstream oil producers…

The Economic Times

Petrol, Diesel prices today June 13: Check latest fuel rates in Delhi, Mumbai, Bengaluru, and other cities

Fuel prices remained steady across major Indian cities on June 13, offering consumers a brief respite after recent hikes. Oil companies maintained current rates despite global crude oil market volatility and geopolitical concerns affecting energy supplies. This pause follows cumulative price increases of nearly ₹7.50 per litre since mid-May, reaching…

The Economic Times

Iran peace deal looms while new military action flares near Strait of Hormuz

The United States and Iran are reportedly close to an agreement to end their war, with both sides agreeing on a text for an initial deal. The proposed memorandum of understanding includes reopening the Strait of Hormuz and lifting the U.S. naval blockade on Iranian ports. Negotiations over Iran's nuclear…

International Business Times

Business Inflation Jumps To Highest Level Since 2022 As Iran War Drives Up Energy Costs

Higher fuel costs linked to the Iran conflict pushed producer prices sharply higher in May, adding pressure across the U.S. economy.

Barchart

Cotton Posts Modest Gains on Friday

Cotton futures closed with 4 to 49 points on Friday, with July still down 81 points on the week, as December fell 106 points. Crude oil was down $3.50 to $84.21/barrel. The US dollar index was down $0.054 at $99.795. CFTC data showed managed money trimming their net short in...

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