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The Latest Breaking News from Oil

So it’s not under $2? Trump loses it in late-night post about high gas prices he promised would drop

Trump previously assured Americans that they would ‘soon’ see $2 gas prices, which would ‘drop like a rock’ as soon as the war in Iran is over

The Independent UK

price-of-oil-06-23-2026

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

Fortune

Brent crude hits lowest since before start of Mideast war as more tankers exit Hormuz

Global oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interim deal with Iran is unlocking stored crude, potentially boosting sales significantly. While U.S. inventories remain tight, rising fuel stockpiles and a forecast cut by J.P. Morgan also contributed to…

The Economic Times

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Cotton Trading Mostly Lower Early on Wednesday

Cotton prices are down 70 to 97 points on Wednesday, with front month July up 65 points. Futures saw sharp front month losses of 125 to 148 points in the old crop, with other contracts down 12 to 87 points. Crude oil was down another 81 cents/bbl to $73.19. The...

Barchart

Brent Crude Falls To Lowest Level Since The Day Before The Iran War Began

Oil prices continue to drop as shipping through the Strait of Hormuz resumes.

International Business Times

India bonds gain, swap rates fall on dovish RBI comments, oil slide

Indian government bonds enjoyed a remarkable climb on Wednesday, highlighted by the 10-year yield experiencing its most significant drop in a month. Fueling this surge was a recent comment from Reserve Bank of India Governor Sanjay Malhotra, who mentioned that contemplating interest rate hikes is premature. Additionally, decreasing oil prices…

The Economic Times

JP Morgan lowers Brent crude price forecast for second-half 2026

J.P. Morgan has updated its Brent crude oil price forecast for 2026, lowering expectations due to unexpectedly weaker inventory draws and a decline in oil demand. The bank now estimates Brent prices will average $86 in Q3 and $80 in Q4, finishing the year at $78. This downward revision arises…

The Economic Times

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Largecaps over midcaps, banks over PSUs: V Srivatsa reveals where smart money is heading

India's market outlook is positive, driven by cooling geopolitical tensions and falling crude oil prices, according to UTI AMC's V Srivatsa. He highlights largecaps, particularly private sector banks, as offering better value than expensive midcaps. While foreign investors are focused on AI plays, Srivatsa anticipates a gradual return to India.…

The Economic Times

Trump claims consumers are being ‘gouged’ by gas companies and orders DOJ price probe

“Gasoline prices better start going down a lot faster than what I’m seeing!” Trump wrote.

Fortune

Rupee cushioned by central bank hand even as dollar strength dents Asia FX

The Indian rupee defied regional weakness on Wednesday, supported by likely Reserve Bank of India intervention against a strengthening dollar. While Asian peers faltered, the rupee held steady as traders braced for potential US Federal Reserve rate hikes. Concerns over inflation and oil prices are being closely monitored by the…

The Economic Times

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Salon

It’s too hot for candles! This is what I’m using to scent my home in a heatwave instead

4 ways I'm making my home smell nice with no scented candles in sight

Ideal Home

Venezuela plans biggest debt restructuring in history after Maduro's fall

Delcy Rodríguez’s interim government plans to acknowledge a $240 billion debt, far above market estimates, in a bid to return Venezuela to global markets.

Euronews

Buying a Used Car? Don't Forget to Check These Critical Parts

Buying a used car can be a smart financial decision. A well-maintained vehicle often provides years of dependable service at a fraction of the cost of a new car. However, not every used car is a bargain. Some vehicles may have hidden problems that can lead to expensive repairs shortly…

MyLifeXP

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The Economic Times

RBI in wait-and-watch mode despite easing West Asia risks: Sanjay Malhotra

Despite easing West Asian tensions, the RBI remains cautious, with Governor Sanjay Malhotra emphasizing data dependency over pre-set interest rate paths. While the truce offers relief on inflation and growth, uncertainties surrounding crude oil prices and the monsoon necessitate continued vigilance. The central bank is closely monitoring potential inflation spillover…

The National (Scotland)

North Sea oil workers set to benefit from £6 million retraining investment

Investment from the Scottish and UK Governments is touted to support more than 1000 oil and gas workers in Scotland to move into jobs in green…

The Economic Times

Jet fuel crack spread may exceed $50 in 2026; airfares may climb up to 25%: Report

Geopolitical tensions and refinery issues are significantly impacting jet fuel supplies, leading to increased airline operational costs. This situation, coupled with depleted inventories and rising crude oil prices, is expected to push airfares higher. Experts predict a substantial rise in jet fuel crack spreads, potentially doubling fuel costs and consequently…

The Economic Times

Trump orders probe because gas prices not falling enough

Donald Trump said on Wednesday he ordered an investigation into major oil companies over high gasoline prices as the US leader faces criticism over the impact of the Mideast war. Trump has faced criticism for launching the war and its impact on the fuel costs paid be millions of Americans…

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International Business Times UK

Trump Gives Iran Rare Oil Export Reprieve as US Seeks to Lock In Fragile Peace Deal

The US has granted Iran a 60-day waiver on oil export sanctions, aiming to boost peace negotiations despite ongoing disagreements over nuclear inspections and regional security.

The Economic Times

India-bound oil supertanker booked in Gulf at 897% of benchmark freight rate

A supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmark freight cost. This eye-watering price highlights a severe shortage of available vessels in the region. The high demand, driven by increased exports and the need to…

The Economic Times

Sanjay Malhotra calms rate hike fears as RBI watches oil, monsoon

RBI Governor Sanjay Malhotra stated that discussions on interest rate hikes are premature, emphasizing that the central bank will monitor incoming economic data amidst global uncertainties. He highlighted the 'neutral' policy stance reflects this caution. While acknowledging reduced upside risks from easing oil prices, Malhotra stressed the need for continued…

The Economic Times

Korea's AI crackdown may trigger healthy correction, India could benefit: Rahul Chadha

South Korean regulatory actions are prompting a reassessment of AI semiconductor valuations, though experts see this as a healthy correction rather than an end to the rally. Concerns linger over leveraged ETFs, with market watchers focusing on major tech firms' AI capital expenditure. While India shows near-term strength due to…

The Economic Times

Oil, AI and chips: The new resource race redrawing markets and nations

The leap to a $5 trillion valuation for Nvidia underscores a dramatic paradigm shift: semiconductors have become the driving force of global economic prowess, akin to oil in previous centuries. With nations such as Taiwan and South Korea emerging through powerhouses like TSMC and Samsung, the future prosperity relies heavily…

The Economic Times

Vedanta Power, Oil & Gas shares fall 3%; Vedanta Aluminium, Iron & Steel jump up to 5%. What lies ahead?

Vedanta's demerger saw mixed fortunes for its listed entities. While Vedanta Power and Oil & Gas shares dipped, Vedanta Aluminium and Iron & Steel surged, with the latter showing significant gains post-listing. Analysts are bullish on Vedanta Aluminium, citing strong global demand and operational strengths, with multiple brokerages initiating 'Buy'…

The Guardian - UK

Sami Tamimi’s recipes for chermoula fish with olive salsa, and spicy, Palestinian-style potatoes

The classic Moroccan marinade works brilliantly with oily fish, and is made for lazy summer dining, especially if served with chilli potatoes alongside

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