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The Latest Breaking News from Oil

65 Low-Lift Beauty Finds That Quietly Make You Look So Much More Put Together

From barely-there self-tan drops to genius oral-care gadgets, these under-the-radar beauty buys make your whole routine look cleaner, glowier, and way more intentional.

Crude Oil Weakness Pressures Sugar Prices

Crude Oil Weakness Pressures Sugar Prices

October NY world sugar #11 (SBV26 ) on Thursday closed down -0.14 (-0.93%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +0.20 (+0.04%). Sugar prices settled mixed on Thursday, with London sugar posting a 9.75-month nearest-futures high. NY sugar fell on Thursday, and London sugar erased most...

Oil slide deepens as Saudi exports reach 90% of pre-war level

Oil slide deepens as Saudi exports reach 90% of pre-war level

Brent futures slipped to near $70 a barrel in London, hitting their lowest since the week before the Iran war began on Feb 28. Saudi Arabia managed to load crude at almost 90% of previous levels after restarting shipments late last week from its giant Ras Tanura terminal, according to…

The Economic Times

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Next Iran war may be sooner than you think

One stage of the Iran war has ended, but the world may be mistaking a pre-election pause for lasting peace. Tehran's economic leverage will likely remain strong through the US midterm elections in November, but could weaken once the votes are counted, raising the risk of renewed confrontation afterward.

Air India cuts fuel surcharges for North America, Europe flights

Air India has significantly reduced fuel surcharges on flights to North America, Australia, Europe, and the UK, effective July 1. This move follows a recent easing of oil prices after an earlier surge linked to the West Asia conflict. The airline had initially implemented higher surcharges in April due to…

The Economic Times

Putin is pushing Russia into an 'economic, political, and military abyss,' think tank says

Putin built an economy based on “military Keynesianism” to survive the war in Ukraine. It’s showing signs of fatigue.

Cotton Falling Back into the Long Weekend

Cotton price action is down 70 to 81 points so far on Thursday Crude oil is down 40 cents/bbl to $68.18. The US dollar index is down $0.586 at $100.570. The market will observe the July 4th Independence Day Holiday on Friday, for a 3-day weekend. Sunday night will be...

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Dozens of jobs at risk at major oil terminal on Scottish island

Dozens of jobs at risk at major oil terminal on Scottish island

THIRTY jobs are at risk of being lost at an oil terminal in Shetland, it has emerged ...

The National (Scotland)

Sugar Prices Pressured by Weakness in Crude Oil

Sugar Prices Pressured by Weakness in Crude Oil

October NY world sugar #11 (SBV26 ) today is down -0.15 (-1.00%), and Aug London ICE white sugar #5 (SWQ26 ) is down -0.10 (-0.02%). Sugar prices are moving lower today, with London sugar falling from a 9.75-month nearest-futures high. Sugar is under pressure today amid weakness in crude oil...

Crude Prices Tumble as Global Oil Supplies Normalize

Crude Prices Tumble as Global Oil Supplies Normalize

August WTI crude oil (CLQ26 ) today is down -0.91 (-1.33%), and August RBOB gasoline (RBQ26 ) is down -0.0758 (-2.57%). Crude oil and gasoline prices extended their three-week-long slide today, with crude falling to a new 4.25-month low. Crude prices are falling today as an increase in Middle Eastern...

Stock Indexes Turn Mixed as Chipmakers Sink

Stock Indexes Turn Mixed as Chipmakers Sink

The S&P 500 Index ($SPX ) (SPY ) is up +0.10% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.92%. September E-mini S&P futures (ESU26 ) are up +0.08%, and September E-mini Nasdaq futures...

Dollar Tumbles on a Weak US Jobs Report

Dollar Tumbles on a Weak US Jobs Report

The dollar index (DXY00 ) fell to a 2-week low today and is down by -0.68%. The dollar tumbled today on the weaker-than-expected US Jun payroll report, which dampened speculation that the Fed will tighten monetary policy anytime soon. The dollar is also under pressure amid weakness in crude oil...

India refiner Nayara's gasoline sold to Russia via traders, sources say

India refiner Nayara's gasoline sold to Russia via traders, sources say

Indian refiner Nayara Energy's gasoline is reportedly reaching Russia, which faces fuel shortages due to Ukrainian attacks. While Indian Oil Minister stated no direct sales, traders might be facilitating these shipments. Nayara, with a stake held by Russian oil major Rosneft, has been processing exclusively Russian crude and relying on…

The Economic Times

Airlines shun Rs 10,000-crore ATF subsidy as fuel prices fall

Airlines shun Rs 10,000-crore ATF subsidy as fuel prices fall

A Rs 10,000-crore jet fuel price stabilisation programme has failed to attract any airline sign-ups. The scheme, designed to shield carriers from surging fuel costs, lost its appeal as international oil prices declined. Airlines were offered a capped price of Rs 115 per litre, but market-linked rates have since fallen…

The Economic Times

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Stocks Climb as Fed Rate Hike Fears Ease on a Weak Jobs Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. September E-mini S&P futures (ESU26 ) are up +0.58%, and September E-mini Nasdaq futures...

The Independent UK

Trump’s Iran gamble is descending into chaos

Current price of oil as of July 2, 2026

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

The Economic Times

Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude prices

Fuel prices might see a dip if international crude oil rates stay low for a few more weeks, according to Union Minister Hardeep Puri. Oil companies are currently using crude purchased at higher prices during the West Asia conflict, leading to past losses. However, sustained low global prices could pave…

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Meta’s cloud compute dreams: Why opt for U.S. AI data centers when Saudi Arabia has cheap oil and cheaper power?

“Data center capacity in the United States is not going to age well,” MNTN CEO Mark Douglas told Fortune. He gives it two years.

The Softer Hair Shortcut Everyone's Trying: Portable Hair Oil Mists and Smart Hair Care Tips

Achieve softer, shinier hair with portable hair oil mists. Discover effective hair care tips, common mistakes to avoid, and how to choose the right formula.

Cotton Slipping Back on Thursday Morning

Cotton price action is down 11 to 21 points so far on Thursday morning. Futures were in rally mode late on Wednesday, with contracts up 104 to 106 points in the front months. Crude oil was down $1.41/bbl to $68.09. The US dollar index was up $0.243 at $101.200. The...

The Economic Times

India not exporting fuel directly to Russia, any supplies are trader-led: Puri

India's Oil Minister, Hardeep Singh Puri, has stated that Indian companies are not directly supplying refined fuels to Russia. While reports suggested Moscow was importing gasoline from India to address shortages, Puri clarified that any Indian-origin refined fuel reaching Russia is likely through intermediaries. This distinction aims to address concerns…

The Guardian - UK

Spicy fish sandos, feta scones and pork chops: Alexina Anatole’s summer berry recipes

British berries always sparkle in desserts like this French almond sponge, but their hidden talent lies in savoury dishes

The Independent UK

FACT FOCUS: Iran claims a foreign ship got stuck in Strait of Hormuz. But it is tied to Tehran

Iranian state television claimed this week that a foreign ship got stuck in the Strait of Hormuz after ignoring instructions to use a route laid out by the Islamic Republic’s paramilitary Revolutionary Guard

The Economic Times

Nifty eyes 24,500-24,800 in July as crude cools and FII selling slows; buy the dip towards 23,600–23,800: Dharmesh Shah

Indian equity markets are poised for further gains, with Nifty expected to target 24,500-24,800 by July. ICICI Direct's Dharmesh Shah advises investors to "buy the dip" as key support at 23,800 holds firm. Favorable macro factors like easing crude oil prices and bond yields, alongside receding FII selling, are bolstering…

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