The Latest Breaking News from Oil

Oil Rises Again As Trump Rejects Meeting Iran's Conditions To Reopen Hormuz. Brent Goes Back Above $100.

Trump said he expects U.S. negotiators to engage with Iranian counterparts this week.

International Business Times · Sep 28

India's Russian crude imports fall to five-month low as refiners diversify supplies

India's crude oil landscape shifted in September as imports from Russia plummeted to their lowest since April, prompting refiners to seek alternatives. Despite this drop, overall crude imports surged, bolstered by robust refinery activity and rising fuel requirements. Increased supplies from Iraq and Saudi Arabia have effectively offset the reduction…

The Economic Times · Sep 28

IPO express picks up steam: Anmol Industries, Koolking Industries, 5 other firms file draft papers with Sebi

Seven companies spanning biscuits, beer, HVAC components, agricultural machinery, engineering, edible oils and telecom infrastructure have filed DRHPs with Sebi for proposed IPOs. Anmol Industries is seeking to raise up to Rs 1,800 crore, while five other companies have proposed fresh issues of up to Rs 300–370 crore, alongside OFS…

The Economic Times · Sep 28

Global Market: European shares edge higher as British housebuilders rally

European shares edged higher, with the STOXX 600 gaining 0.3%, led by a sharp rally in British housebuilders. Gains were capped by rising oil prices and elevated bond yields, as investors assessed inflation and interest-rate risks. Energy stocks advanced, while miners declined, with markets awaiting central-bank officials’ comments on monetary…

The Economic Times · Sep 28

HSBC expects RBI to raise repo rate by 50 bps in FY27 amid strong growth, inflation pressures

India's GDP growth in the second quarter of FY26 surpassed the Reserve Bank of India's forecast of 7 percent. The growth prompted forecasts of gradual rate hikes, with expectations of a 25 basis points increase twice in FY27. Additionally, inflation is projected to hover above 5 percent due to various…

The Economic Times · Sep 28

‘I Don't Have A Fancy Car’: Woman Gets Oil Change. Her Jaw Hits The Floor When She Sees What They Charge

"Mind you, it is not a super fancy car."

Motor1 · Sep 28

India 10-year yield hits over two-year high as supply angst adds to global woes

Recent trends show Indian government bonds plummeting, thus elevating benchmark yields to a two-year high. The government aims to secure substantial funds through bond sales projected at 7.86 trillion rupees by March. However, a pivot toward longer-dated bonds has intensified trader apprehension over looming rate hikes, compounded by global yield…

The Economic Times · Sep 28

Rupee pinned just shy of 96/USD as RBI intervention counters oil woes

The Indian rupee experienced a slight dip as surging oil prices emerged from stalled diplomacy between the US and Iran. With escalating tensions across the Middle East, Brent crude oil rose considerably. To counteract further declines, the Reserve Bank of India stepped in to ensure the rupee remained above the…

The Economic Times · Sep 28

Why sky-high flight prices could outlast the fuel crisis by months

Travelers could be stuck paying high airfares even if oil and jet fuel prices fall

The Independent UK · Sep 28

Oil prices jump after Trump rejects Iran’s truce offer

Oil prices rose while stocks and bonds fell after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, reversing some of the optimism that lifted markets late last week.

Euronews · Sep 28