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The Latest Breaking News from Oil

Greenland warns Trump-aligned oil company that brought drilling equipment on land without approval

President Donald Trump has insisted the semi-autonomous Danish territory in the Arctic must become part of the U.S. but has so far encountered strong resistance from the island itself and his Nato allies

The Independent UK

When Should You Actually Buy an Electric Scooter? Here's the Smart Answer

Electric scooters are everywhere in India. People use them for their everyday chores and places. They help to save money on petrol. Buying an electric scooter also requires a good amount of money. If you are also planning this year to buy a new electric scooty why not wait for…

MyLifeXP

Crude Prices Soar as Middle East Tensions Curb Global Oil Supplies

September WTI crude oil (CLU26 ) is up +2.76 (+3.53%) on Friday, and September RBOB gasoline (RBU26 ) is up +0.1203 (+4.03%). Crude oil and gasoline prices are sharply higher today, with gasoline climbing to a 1-week high. The lack of an agreement between Iran and Oman to reopen the...

Barchart

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Ethanol, EVs must coexist in India's clean mobility transition; E20 mileage impact limited: IFGE

IFGE said India needs a diversified energy strategy comprising ethanol, electric vehicles, hybrids, CNG and hydrogen, particularly as nearly 300 million internal combustion engine (ICE) vehicles remain on the country's roads.

The Economic Times

Stocks Mixed as Higher Crude Prices Boost T-Note Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.05%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. September E-mini S&P futures (ESU26 ) are up +0.03%, and September E-mini Nasdaq futures...

Barchart

Ukraine drone strike on oil refinery deep inside Russia kills at least 13

Attack hundreds of miles from border would be among deadliest of war as Kyiv aims to strangle Russian economy

The Guardian - UK

OPEC oil output rises further in July led by Gulf producers, Reuters survey shows

In July, OPEC made a remarkable recovery by increasing oil production to 19.85 million barrels per day. Gulf nations resumed supplies that were previously disrupted, while Iraq reported significant production gains. Iran also managed to increase its exports, though a U.S. blockade eventually hampered shipments. Meanwhile, Libya continued to pump…

The Economic Times

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Dollar Climbs with Crude Prices and T-Note Yields

The dollar index (DXY00 ) is up by +0.22% today. The dollar is climbing today amid higher T-note yields, which are strengthening the dollar’s interest rate differentials. Also, today’s more than +2% increase in WTI crude oil prices is raising inflation expectations and may persuade the Fed to tighten monetary...

Barchart

Stocks Pressured as Higher Crude Price Boosts T-Note Yields

The S&P 500 Index ($SPX ) (SPY ) today is down -0.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. September E-mini S&P futures (ESU26 ) are down -0.04%, and September E-mini Nasdaq futures...

Barchart

Ukraine Targets Another Russian Refinery As Part Of Its Deadliest Attack In Years

A new Ukrainian drone strike against Russia became the deadliest in more than two years, killing 13 people.

International Business Times

Oil spill off Oman from tanker under sanctions against Russia spreads over huge area

The Caroline Bezengi's crew first reported difficulties on June 8 off the southern Yemeni port ‌of Mukalla, two ⁠maritime ⁠security sources said, adding that initial assessments indicated that a blast occurred onboard.

The Economic Times

India bonds tread water ahead of US, local inflation prints

On Monday, Indian government bonds remained stable following last week's increases. The rise in oil prices countered some support from softer economic data from the United States. Traders are eagerly awaiting inflation reports from both India and the U.S., which will significantly influence bond market trends this week. Notably, ultra-long…

The Economic Times

The U.S. Is Maintaining Its Naval Blockade On Iran With No Deal In Sight. Oil Is Rising.

Oil is rising on Monday as a deal to reopen the Strait of Hormuz remains elusive.

International Business Times

Cotton Extending Gains to Monday Morning

Cotton price action is up 2 to 29 points so far on Monday AM trade. Futures saw gains of 120 to 130 points on Friday with December up 261 points on the week. Crude oil was up 21 cents per barrel, with the US dollar index $0.308 lower. Friday afternoon’s...

Barchart

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The Economic Times

ONGC, Shell India ink pact to explore deepwater blocks, LNG sourcing

ONGC and Shell Energy India have signed a non-binding agreement for exploration. They will explore deepwater and ultra-deepwater oil and gas opportunities together. The companies will also assess potential liquefied natural gas sourcing options. This collaboration aims to enhance India's energy security and domestic resource development. The partnership supports India's…

Fortune

Current price of oil as of August 10, 2026

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

The Economic Times

Indian bonds steady as soft US data offsets oil rise

Indian government bonds were largely steady on Monday as softer US jobs data supported expectations of lower US rates, while rising crude prices capped gains. The benchmark 6.94% 2036 bond yield eased to 6.7594%. Investors are also watching upcoming Indian and US inflation data for fresh interest-rate cues.

The Economic Times

India's Russian crude imports hit record for second straight month

India's Russian crude oil imports reached a record in July, increasing by 2.1 percent. This surge was primarily fueled by smaller import terminals across the country. Larger terminals like Jamnagar saw stable volumes, while Paradip experienced a decline. India remains a significant buyer of Russian fossil fuels, second only to…

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The Economic Times

Rupee weakness cushioned by central bank intervention, shorts grow wary

The Indian rupee ended the day with minimal fluctuations, influenced primarily by oil market dynamics and moves from the central bank. State-owned banks reportedly intervened by supplying dollars on behalf of the Reserve Bank of India, helping to buffer the currency against rising oil costs and global tensions. Traders are…

The Times of India

‘It wasn't a rock’: Roman shipwreck over 2,000 years old discovered off Sicily

What first appeared to be a large rock on the seabed near Mazara del Vallo turned out to be an ancient Roman shipwreck believed to be more than 2,000 years old. The vessel was discovered with hundreds of amphorae, tall ceramic jars used in ancient times to transport goods including…

The Economic Times

India expands LNG sourcing from 6 to 15 countries to cut supply risks: Govt

India has nearly trebled its liquefied natural gas suppliers to fifteen countries. The nation also broadened its crude oil sourcing network to forty-one countries. This diversification reduces dependence on any single supplier or transit route. India is also expanding its strategic petroleum storage capacity to manage supply shocks. These measures…

The Economic Times

Retailers’ cooking gas losses dip in August, but government dues top Rs 59,000 crore

Fuel retailers' revenue loss on subsidized LPG narrowed to Rs 188 per cylinder in August. This marks a sharp decrease from the Rs 500 loss reported in the previous month. The government paid Rs 30,000 crore to clear past subsidy dues. However, outstanding payments to retailers still exceed Rs 59,000…

Barchart

Stocks Set for Muted Open as Oil Rises on Hormuz Uncertainty, U.S. Inflation Data Awaited

September S&P 500 E-Mini futures (ESU26) are up +0.02%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.12% this morning, pointing to a muted open on Wall Street as oil prices rose amid growing doubts that the Strait of Hormuz will reopen anytime soon.

The Economic Times

Global Market: European shares hold steady as Hormuz uncertainty keeps oil prices elevated

European shares were broadly flat on Monday as uncertainty over the Strait of Hormuz kept oil prices elevated. Investors awaited key economic data and monetary-policy signals, while strong corporate earnings and expectations of lower U.S. borrowing costs supported sentiment. Energy and technology stocks gained, but geopolitical risks and elevated crude…

The Economic Times

Global Market: China bears the brunt of Asia’s crude oil demand cut as Middle East supplies shrink

China is bearing the brunt of Asia’s crude oil demand slowdown as Middle East supplies shrink following the Iran conflict. Chinese crude imports fell sharply in June and July, despite a recovery in July. August shipments are expected to improve, but September could offer a clearer picture of supply disruptions.

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