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The Latest Breaking News from Oil

Upbeat outlook for tourism-related stocks

As geopolitical conflicts in the Middle East have begun to soften, the global investor spotlight is shifting back to fundamental economic drivers. The de-escalation of the US-Iran war caused oil prices to dip, allowing tourism-related industries to recover from steep declines during the peak of the tensions.

Bangkok Post

7 OPEC+ countries agree to expand monthly oil production modestly as prices slide

A handful of countries in the OPEC+ oil-producing alliance are planning to increase their outputs modestly next month

The Independent UK

Broken lives

When renowned artist Pichai Pongsasaovapark was in Pattani, he was stunned to see large piles of scrap wood from decommissioned fishing boats that had been demolished by cranes. These scraps of wood were distributed to local villagers to be used as firewood for boiling anchovies.

Bangkok Post

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OPEC+ Raises Output Target For August. Smooth Sailing Seen For Oil Price Trajectory

OPEC+ has agreed to a provide a significant boost to oil output by raising targets from August aimed to further add to global oil supplies after the Middle East conflict spurred prices to as high as $120 a barrel.

International Business Times

OPEC+ Agrees To Raise Output Even as Hormuz Shipping Security Remains Uncertain

OPEC+ members agreed to raise their collective oil‑production quotas from August even as crude shipments through the Strait of Hormuz remain uncertain.

Benzinga

I Tried Every Product From the new e.l.f. Hair Collection—Here's What's Worth Buying

Eyes, lips, face—and now, hair.

Marie Claire

Falling oil prices give RBI more room to focus on growth, but relief uneven across Asia: Standard Chartered

Falling crude oil prices are providing a significant boost to India and other Asian nations, allowing central banks to prioritize economic growth. This "disinflationary relief" eases pressure on external accounts, especially for heavy energy importers like India, Thailand, and the Philippines. While some economies like South Korea may still face…

The Economic Times

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Govt denies reports of Bhutan rejecting India's E20 fuel

India's Petroleum Ministry has debunked claims that Bhutan rejected E20 petrol imports, stating no such offer was ever made. The ministry emphasized that reports suggesting otherwise are inaccurate and urged reliance on official sources. This clarification follows allegations by Congress regarding several neighboring countries refusing India's fuel. The government also…

The Economic Times

Ukraine-Russia war latest: Putin hits Kyiv with ballistic missiles hours after Zelensky said attack ‘imminent’

Deadly attack comes hours after White House confirms Zelensky-Trump meeting at Nato summit in Turkey

The Independent UK

Government raises ONGC chairman entry age to 59, offers up to five-year tenure

The government has broadened the eligibility for ONGC's next chairman, raising the maximum entry age to 59 and offering a three-year term extendable by two years. This move aims to widen the candidate pool for India's largest oil producer. The selection process will now involve a search-cum-selection committee, a departure…

The Economic Times

Will Sensex, Nifty continue to rally on Monday? Q1 earnings among 6 factors to drive Dalal Street this week

Sensex gained around 262 points to close at 77,764 on Friday, while Nifty 50 rose more than 95 points to end the session above 24,270 during Friday's trading session. The sharp gains added nearly Rs 44,155 crore to the total market capitalisation of all companies listed on BSE, pulling it…

The Economic Times

Make Ed Miliband chancellor, ex-chief Treasury adviser tells Andy Burnham

Nicholas Stern joins growing number backing Miliband, saying he has vision and experience to revive economy

The Guardian - UK

After E20 petrol, Nitin Gadkari pushes for 15% isobutanol-blended diesel: What it is and why it matters

India is set to embrace a new biofuel initiative, allowing up to 15% isobutanol blending with diesel. This strategic move aims to curb reliance on imported crude oil and promote cleaner energy alternatives. Isobutanol, derived from ethanol, offers superior properties over direct ethanol blending, making it a promising substitute for…

The Economic Times

India eyes oil exploration expansion after Middle East war shortages

In response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its reliance on oil imports, is set to unveil extensive uncharted regions for bidding. This initiative, named 'Samudra Manthan,' aims to enhance production levels in light of rising…

The Economic Times

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The Economic Times

OPEC+ tipped to raise quotas again as Middle East calms

Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from disruptions caused by the Middle East war. Analysts predict a gradual return to normal output levels, though restarting shut-in production will take time.

Times Life

Your Oily Skin Is Not Broken: What the Indian Climate Is Actually Doing to Your Pores

The shine you were taught to be ashamed ofBy noon your face is gleaming. You press a tissue to your forehead and hold it up to the light. The translucent patch it leaves behind feels like evidence of something gone wrong, a body misbehaving in public. You reach for the…

The Times of India

Ukraine hits Russian oil terminal; smoke rises over St Petersburg facility - watch

Ukrainian drones targeted an oil terminal in St. Petersburg and military sites near the Baltic coast overnight, escalating attacks on Russia's energy sector. Governor Alexander Beglov confirmed the Kirovsky district oil terminal was hit, with no casualties. President Zelensky claimed responsibility, stating the strikes hit revenue-generating oil infrastructure and the…

Times Life

8 PCOS Symptoms That Go Beyond Periods: Acne, Weight Gain, Hormonal Shifts and More

Excess facial and body hair (hirsutism)Androgens are the driver here. In women with PCOS, elevated androgens, testosterone chief among them, stimulate hair follicles in places that typically respond to male-pattern hormonal signalling: the chin, upper lip, chest, and lower abdomen. A 2023 study published in the Journal of Clinical Endocrinology…

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Fortune

Russia's fuel crisis is so bad that a mom and her baby waited in line for 18 hours to get gas — 'Are we in the Soviet Union?'

Energy analysts have estimated that 25% or more of Russia’s oil refining capacity has been taken offline by Ukraine's drone attacks.

Motorsport

"He’s not doing well": Why Max Paul was unable to brake in horror crash

New insights emerge after the DTM horror crash: The latest on the condition of Maximilian Paul and Kelvin van der Linde, and why the Lamborghini driver was left without brakes

The Guardian - UK

Ukrainian drones hit St Petersburg oil terminal and nearby port

St Petersburg governor reports no victims after ‘large-scale’ overnight attack that also hit Baltic port of Vysotsk

Homes & Gardens

This Fragrant, Easy-to-Grow Herb Repels Destructive Garden Squirrels (But Smells Amazing to Humans)

While squirrels can wreck your hard work, peppermint offers a powerful, entirely natural defense, if you know how to apply it correctly

Benzinga

France Deploys Naval Forces To Middle East To Support Europe’s Hormuz Policy Pivot

France has decided to bolster its naval forces in the Persian Gulf to secure navigation in one of the world’s most critical shipping routes, which handles about 20% of global oil and gas supplies.

Benzinga

TotalEnergies CEO: Energy Markets Will Take Months To Rebalance With Ongoing Hormuz Shipping Risks

Global energy markets may take as many as four months to rebalance, with gasoline and diesel inventories still constrained by shipping worries in the Strait of Hormuz, TotalEnergies SE Chief Executive Patrick Pouyanné said on Saturday.

The Independent UK

Trump officials warn Ed Miliband ‘would be a mistake’ as chancellor

The US President has dismissed the incoming prime minister as ‘extremely liberal’ – even before he enters office

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