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The Latest Breaking News from Oil

Bank of England holds interest rates at 3.75% as inflation fears mount

Split vote comes as Iran war is rekindled and oil price climbs close to $90 a barrel

The Guardian - UK

Adam Schiff Hits Sable Offshore Over Oil Spill Risk, Then Blasts Trump's Washington Airport Makeover as Gas Prices Climb: 'Cost Is No Object...'

Sen. Adam Schiff (D-CA) accused Sable Offshore Corp. (NYSE:SOC) of risking causing another oil spill following the 2015 oil spill that led to the California pipeline’s shutdown and caused significant damage to the ecosystem.

Benzinga

Current price of oil as of July 30, 2026

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

Fortune

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read the most diverse news in one place.

Rupee ends nearly flat at 95.68 vs USD, wedged between oil swings, RBI intervention

On Thursday, the Indian rupee remained stable, closing at approximately 95.68 against the dollar. The currency faced pressure due to fluctuating oil prices and heightened demand for dollars from corporations. However, intervention from the central bank likely prevented it from falling past the critical 96 level. Traders mentioned that importer…

The Economic Times

How the heatwave is taking a toll on European industry as key waterways run low

Prolonged low water levels have forced several European industries, including oil refining, nuclear power and chemicals, to reduce output because of raw-material and cooling-water shortages.

Euronews

Global Market: European shares muted as Middle East tensions, Fed uncertainty offset strong earnings

European shares traded in a tight range as investors balanced rising geopolitical tensions in the Middle East and uncertainty over the U.S. interest rate outlook against a steady flow of corporate earnings. Energy stocks gained on higher oil prices, while Schneider Electric surged after raising guidance.

The Economic Times

Outrage as 'maniacal' Shell profits amid backdrop of war and wildfires

"STRUCTURAL reform" is needed to combat climate change, campaigners have said as one of the North Sea's largest oil and gas firms…

The National (Scotland)

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Shell's Q2 profit more than doubles to $9.8 billion, beats estimates

Shell reported a significant profit increase in the second quarter, reaching $9.84 billion. Higher energy prices and market volatility contributed to this strong financial performance. The company's integrated gas and chemicals businesses also saw substantial profit gains. Shell maintained its share buyback program at $3 billion for the next quarter.…

The Economic Times

Costco vs Tesco vs Asda: Which UK Supermarket Has the Cheapest Petrol as Fuel Prices Rise Again?

How UK motorists can save on fuel as petrol prices approach 160p per litre. Compare Costco, Tesco, and Asda's petrol prices and find the best deals at supermarket petrol stations.

International Business Times UK

I'm a Kitchen Appliances Editor who refuses to pack clutter when moving – these are the 3 sub-par cooking gadgets I ditched, and the 3 I'd never part with

Every appliance in my kitchen has to earn its keep

Ideal Home

Dow’s new CEO is ‘blessed to be stressed’—and steering a turnaround amid oil market upheaval

Karen Carter leans on U.S. profitability for global Dow turnaround amid cost cutting and restructuring.

Fortune

Shell’s profits more than double after jump in oil and gas prices

Environmentalists renew calls for windfall tax to support households after Q2 earnings rise to almost $10bn

The Guardian - UK

Finance ministry calls for faster policy action to sustain growth amid global uncertainty

India's finance ministry stressed faster policy responses and stronger implementation for investment. The economy shows resilience despite global challenges and mounting uncertainties. Rising crude oil prices pose a risk to fiscal and current account balances. India must strengthen its long-term resilience and strategic leverage. Domestic fundamentals and policy support continue…

The Economic Times

Shell half-year earnings soar to £12.6bn on Iran war oil price volatility

The FTSE 100 giant saw underlying earnings jump to 16.75 billion US dollars (£12.55 billion) after a 9.84 billion haul in the second quarter.

Evening Standard

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Woman & Home

The 9 impressive beauty products our team couldn't get enough of in July

From bottles ran dry to tubes squeezed empty, these pictures speak a thousand words

The Independent UK

Gaza latest: Trump claims ‘historic’ deal reached with Hamas for complete disarmament

Senior Hamas official says the group will only disarm if Israel fulfils its commitments

The Economic Times

Mideast war supercharges electric car sales: IEA

Soaring fuel prices due to the Mideast war have supercharged sales of electric cars in the second quarter, the International Energy Agency said Thursday. "Despite a challenging backdrop for the global car market, sales of electric cars surged in the second quarter of this year as the energy crisis sparked…

The Independent UK

Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

Oil prices have fallen and Asian shares are mostly trading lower

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news in one place.

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The Guardian - UK

Rachel Roddy’s chicken with sweet and sour lemon and tarragon sauce – recipe

If it’s good enough for Prince Ottavio Gonzaga and Anna del Conte, then dare you pass up the opportunity to try this wonderfully sweet and sour way with chicken?

The Independent UK

Four easy homemade pizza recipes for the perfect pizza night

From sobrasada and hot honey to potato and rosemary, Suffolk chef and Pinch founder Alice Norman shares four crisp, tray-baked pizzas made for the home oven, writes Hannah Twiggs

The Economic Times

Vedanta Oil & Gas shares dip 4% despite becoming profitable in Q1

Vedanta Oil & Gas shares fell despite the company reporting a sharp turnaround in Q1 FY27, posting a consolidated net profit of Rs 945 crore against losses in both the year-ago and previous quarters. Revenue rose 8.5% YoY to Rs 2,507 crore, even as the company recorded an exceptional loss…

The Economic Times

America is making the most fuel since pre-covid. It’s not enough

American refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low due to ongoing conflicts and disruptions. Despite increased production, consumers face persistently high gasoline and diesel prices. US commercial crude stockpiles have fallen to their lowest levels since 2018.

Euronews

US resumes direct attacks on Iran one day after foiling strikes on Jordanian bases hosting its troops

Trump vowed to hit Iran “very hard” following Tehran's recent attacks on bases hosting US troops in Jordan and other US allies in the region, including Egypt and the Gulf states.

The Economic Times

India seeks sunflower oil alternatives on Black Sea disruptions

India is rushing to secure alternative edible oil supplies as Black Sea attacks disrupt sunflower oil shipments from Russia and Ukraine, causing delays and higher prices. Importers are increasing purchases from Argentina and switching to palm, soy and canola oils.

AAP

Shares fall from multi-month high as confidence wanes

The ASX has handed back most of Wednesday's gains, as fresh strikes between the US and Iran stoked fears about global inflation and growth.

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