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The Latest Breaking News from Oil

There are early signs of renewed labor market strength during Iran war

If energy disruptions pose less of a risk to jobs, the challenge for central banks shifts from managing stagflation risks to guarding against renewed price pressures.

Axios

The Energy Trade Is Bigger Than Oil Prices: 3 Stocks to Buy and 2 to Sell

U.S. rig counts are climbing for the first time in years. Here are three energy stocks to buy on the dip — and two names analysts say to avoid right now.

MarketBeat

Smart money move: Why Groww MF's equity chief is betting on multicap strategies

Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combined with bottom-up investing is suitable for current market conditions. Valuations in mid and small caps have improved, making active stock picking more viable. Tiwari highlights opportunities in financials, industrials, autos, and specialty…

The Economic Times

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Can Your Pillowcase Really Cause Acne and Hair Damage?

You can invest in expensive serums, luxury shampoos, and elaborate beauty routines, but if your pillowcase is neglected, it could be working against you. Every night, your pillow collects sweat, natural oils, dead skin cells, makeup residue, and even tiny particles from the environment. Over time, this creates a surface…

MyLifeXP

OPEC+ set for fourth oil quota hike since Hormuz closure, sources say

OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its member countries. Despite setbacks, prominent players such as Saudi Arabia are striving to align with demand.

The Economic Times

India can grow over 8% despite oil shocks, crude impact overblown in narrative: World Bank exec

India's economy shows strong growth, defying fears of oil price shocks. Neelkanth Mishra, World Bank Executive Director, states India is well-positioned to handle higher oil prices. Domestic demand remains robust, with positive indicators in car sales and mall footfalls. India's refining capabilities offer a buffer, mitigating the impact of crude…

The Economic Times

Live: Israel reports missiles from Iran in first bombardment since fragile ceasefire

This liveblog is no longer being updated.

France 24

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Ukraine-Russia war latest: Leaders to ramp up hypersonic missile defences after Zelensky’s No 10 visit

Sir Keir Starmer hosted Volodymyr Zelensky, Emmanuel Macron and Friedrich Merz for talks on support for Ukraine

The Independent UK

FIIs, weak global cues among 5 factors that could keep D-St under pressure this week

Indian stock markets may remain under pressure this week amid persistent FII selling, weak global cues, rising geopolitical tensions in West Asia and elevated crude oil prices. While RBI’s policy measures and steps to attract foreign capital could support sentiment, investors will closely track monsoon progress, inflation concerns, global market…

The Economic Times

F&O Talk: Nifty may consolidate further; Sudeep Shah's strategy on TCS, HDFC Bank, Infosys

Indian stock markets, Sensex and Nifty, closed lower following the RBI's hawkish stance, despite falling oil prices. Analyst Sudeep Shah anticipates a consolidation phase for Nifty, with key support at 23,100-23,050 and resistance at 23,550-23,600. Bank Nifty shows resilience, while IT stocks underperform.

The Economic Times

'It's not about Peter Murrell': How the SNP are fighting to keep Stephen Flynn's seat

THE Scottish parliament elections may be done and dusted, but voters are not yet finished going to the polls ...

The National (Scotland)

What PM Modi Discussed Behind Closed Doors Will Surprise You

While many economies are struggling with slowing growth, rising geopolitical tensions, and uncertain markets, India continues to stand out. Prime Minister Narendra Modi's recent meeting with the Economic Advisory Council wasn't just another policy discussion it was a deep dive into how India can maintain its growth momentum even as…

MyLifeXP

As OPEC+ meets, Iran war hobbles power to shape oil market

OPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz was effectively blocked by conflict. However, analysts believe geopolitical realities and dwindling supply mean any output increases will have limited impact on global prices.

The Economic Times

LPG gas cylinder price hiked by Rs 29: Check domestic cylinder rates in Delhi, Mumbai, Kolkata, Chennai and other cities

LPG Price hike: Cooking gas cylinders have become costlier again. A 14.2-kg domestic LPG cylinder now costs ₹29 more across India. This is the second price hike in three months. Revised rates took effect on June 7. State-run oil companies implemented the increase. This impacts millions of households. Fuel retailers…

The Economic Times

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Motor1

'Fuel Is Not A Problem': Man Buys Truck That Gets 8 MPG. Then He Figures Out A Way To Run It For Free

'For the most part if it will burn it will run on it!'

Motor1

Woman Goes To Sam’s Club. Then She Realizes Everyone’s In Line For Gas: ‘Apparently Gas Is Going Up Tomorrow’

'It was worse at Costco.'

International Business Times UK

Trump's Blockade Has Cost Tehran $6bn in Oil Revenue and the Rest of the World Is Feeling It

Iran's oil exports have dropped to a six-year low due to a US naval blockade, causing significant economic strain and impacting global energy markets.

The Economic Times

LPG Prices Hiked: Domestic cooking gas rates increased by Rs 29 per cylinder; Here's what consumers will now pay

LPG Price Today: Domestic LPG cylinder prices have been increased by Rs 29, taking the cost of a 14.2-kg cylinder in Delhi to Rs 942 with effect from June 7. The hike comes after a previous increase in March and is aimed at partially offsetting losses incurred by oil marketing…

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The Economic Times

India to account for half of global oil demand growth over next decade: Rosneft CEO

Rosneft CEO Igor Sechin stated India will drive nearly half of global oil demand growth over the next decade, projecting consumption to reach eight million barrels per day by 2035. He highlighted Russian oil supplies' economic benefits to India and China, exceeding $40 billion since April 2022, and warned of…

The Economic Times

Why oil’s not at $200 after the biggest supply shock in history

Global oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US oil exports and a significant drop in Chinese demand are helping to absorb the shock. Strategic reserves have been released and alternative routes are being used.

Motor1

'Walmart... They Let Me Watch': Man Goes To Jiffy Lube For An Oil Change. Then He Checks The Dealership

'I do my own.'

The Economic Times

Rising fuel prices to strain household budgets as West Asia crisis pushes crude above USD 100: Chief Economist Manoranjan Sharma

Fuel prices are climbing globally, impacting Indian households. The West Asia conflict is driving up crude oil costs, making higher fuel prices unavoidable. India, reliant on oil imports through the Strait of Hormuz, faces significant challenges. While the government aims to protect consumers, global energy shocks present limitations.

The Independent UK

Colombia's presidential runoff could impact the future of the Amazon rainforest and fossil fuels

Colombia’s presidential runoff between Iván Cepeda, an ally of President Gustavo Petro, and lawyer Abelardo de la Espriella, who has been endorsed by U.S. President Donald Trump, could have major implications for the Amazon rainforest, fossil fuel development and Indigenous communities

The Economic Times

India sets standard pack sizes for cooking oils to help shoppers compare prices

India has ordered cooking oil makers and importers to use only nine standard pack sizes. This move aims to help shoppers easily compare prices across different brands. The new rules cover major edible oils and apply to both domestic and imported products. Companies have three months to implement the changes.…

MarketBeat

From Industry Titans to Tiny Fish: 3 Key Stocks Insiders are Trading

Check out these three stocks that insiders are buying and selling, including giants in oil and AI, as well as a small gene stock seeing huge swings.

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