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The Latest Breaking News from Oil

Unauthorized Trump-Linked Arctic Drilling Equipment Sparks Sovereignty Crisis and $1 Trillion Oil Feud

A Texas oil firm tied to Trump landed Arctic drilling gear without approval, prompting a strong warning from Greenland and fresh scrutiny of a $1 trillion crude claim.

International Business Times UK

I Tried Hedley & Bennett's Stainless Steel Cookware – They Have a Learning Curve, But the Results Are Worth It

After some trial and error, I found these to be some of the best pans for a non-toxic kitchen

Homes & Gardens

Oil Price Today (August 10): Crude oil rises to $85 amid Hormuz worries as attacks continue. What are experts saying?

Oil prices climbed Monday as Strait of Hormuz reopening remained uncertain. Iran stated a deal with Oman was nearing completion for new shipping lanes. Attacks on Saudi and UAE facilities heightened supply concerns over the weekend. Analysts predict significant price increases if disruptions continue for months. Oil is expected to…

The Economic Times

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Oil rises on uncertainty over reopening of Hormuz

Oil prices surged on Monday amidst growing uncertainty about the reopening of the vital Strait of Hormuz. Iran indicated that negotiations with Oman were advancing but insisted that U.S. terms must be fulfilled first. Traders are now on high alert, looking for solid evidence before they consider lowering risk premiums…

The Economic Times

China is balancing Asia's crude oil demand by itself

China is bearing much of Asia’s crude demand reduction as the Iran war disrupts Middle East oil shipments through the Strait of Hormuz. Its July imports rose from June’s near-decade low but remained 24.3% below last year. Lower imports, supported by large stockpiles, are helping balance tighter regional supplies.

The Economic Times

Global Market Today: Asia stocks edge higher, oil up amid Gulf confusion

Asian share markets followed Wall Street higher after a soft US jobs report. Oil prices increased slightly due to stalled Gulf peace talks and shipping lane concerns. Investors anticipate US inflation data, which could influence Federal Reserve interest rate decisions. Strong corporate earnings, particularly in AI, boosted Nasdaq futures last…

The Economic Times

Stocks in news: Titan, SBI, Ola Electric, Astra Microwave and Hindalco

Markets closed lower Friday amid mixed global cues and rising crude oil. Analysts remain bullish on Nifty above 24,350. Focus on Titan's strong Q1 profit, SBI's earnings beat, and Ola Electric's narrower loss. Hindalco also posted record profits. Maruti Suzuki anticipates significant passenger vehicle sales growth.

The Economic Times

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Andy Burnham faces choice on drilling as North Sea consultation closes

Production at both Jackdaw and Rosebank was approved by the Conservatives, but a court quashed those decisions last year.

Evening Standard

Trump is betting that the U.S. naval blockade choking Iran's economy can achieve what bombs and missiles couldn't as more oil sneaks out of the Gulf

"We are just watching Iran with its huge inflation and the fact they have no money," Trump said.

Fortune

India's Menage a Trois: Graham Act puts New Delhi's strategic autonomy to test

The new US legislative proposal aims to introduce tariffs on nations acquiring Russian energy, challenging India to balance its energy demands with its partnership with the US. This bill grants the US President the power to implement such sanctions, necessitating that India seeks energy diversification and enhances diplomatic efforts to…

The Economic Times

Has Donald Trump's Invasion of Greenland Already Begun? Expert Outrage at Unauthorized Oil Drilling

As a Trump-linked energy firm moves heavy machinery into the Arctic without permission, global leaders fear the US president's threats to annex Greenland are shifting from rhetoric to reality.

International Business Times

Has Donald Trump's Invasion of Greenland Already Begun? Expert Outrage at Unauthorised Oil Drilling

As a Trump-linked energy firm moves heavy machinery into the Arctic without permission, global leaders fear the US president's threats to annex Greenland are shifting from rhetoric to reality.

International Business Times UK

Major oil find off Polish-German border: Warsaw seeks drilling, Germany objects

In 2025, a Canadian firm found a major oil and gas field off Poland’s Baltic coast, the biggest since WWII, sparking German fears for the environment and tourism.

Euronews

‘Situation in Ukraine difficult’: Zelensky in Moscow ally Serbia as Russian strikes kill 4 in Kyiv region

Ukrainian President Volodymyr Zelensky described the situation in his war-torn country as “difficult” during a visit to Serbia, one of the few European countries to have maintained close ties with Russia throughout Moscow’s ongoing war against Kyiv, now in its fifth year.

The Times of India

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The Economic Times

Ahead of Market: 10 things that will decide D-Street action on Monday

Indian benchmark indices closed lower on Friday as closing auction sessions caused divergence between Sensex and Nifty. While Sensex fell 456 points, Nifty dropped 65 points. Market sentiment remained cautious amid Middle East tensions and crude oil volatility, though strong SBI earnings provided underlying banking sector support.

The Economic Times

FMCG makers plan more price hikes as input costs stay elevated; demand holds strong

Leading FMCG firms are planning price increases and shrinkflation this quarter. Rising commodity costs and geopolitical issues are driving these necessary adjustments. Companies aim to protect profit margins while maintaining consumer demand and growth. Britannia and Dabur India are among those implementing these strategies. They remain optimistic about resilient consumption…

The Economic Times

Oil India chief Ranjit Rath among applicants for top job at ONGC

Oil India CMD Ranjit Rath is a leading contender for the ONGC chairman position. Eligibility criteria, including age limits, were relaxed for the top job. Several internal and external candidates have applied for the vacant ONGC chairman role. The selection process involves a search-cum-selection committee appointed by the oil ministry.

The Guardian - UK

‘Like being in prison’: the ship crews stuck in Gulf since February

US-Iran war has stranded up to 20,000 seafarers, mostly Indian and Filipino crews, with none knowing when the nightmare will end

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The Economic Times

US Senate Russia sanctions vote raises risk for Indian crude supplies, says Kpler

A US Senate vote advances tougher sanctions on Russia, potentially disrupting crude oil supplies. However, immediate impacts on India and China's oil flows are unlikely. India's reliance on Russian crude has significantly increased since 2022. Replacing these supplies quickly would be difficult and could tighten global markets. This situation raises…

Fortune

This nuclear startup and Halliburton repurposed oil-drilling tech in a bid to solve America's radioactive waste problem

Deep Isolation is betting on drilling wells to bury nuclear waste if federal regulations evolve.

The Economic Times

India Energy Week moves to Kolkata, to be held from January 28-31 next year

India Energy Week 2027 will be held in Kolkata from January 28-31, marking a shift from Goa, where a Rs 1,000-crore convention centre was built as a permanent venue. The fifth edition will take place at the Biswa Bangla Convention Centre in New Town, with preparations reviewed by Oil Minister…

The Economic Times

Aluminium foil hack to clean chimney filters: How it works, benefits and steps to remove stubborn grease

Clean your kitchen chimney filters with a simple aluminum foil trick. By crumpling the foil, you can easily scrub away layers of grease, especially when paired with warm soapy water to loosen the buildup. Make sure your filters are uncoated metal and unplug the unit before getting to work. This…

The Economic Times

Iran says Hormuz won’t reopen until US ‘corrects’ its behavior

Iran issued new demands for the Strait of Hormuz reopening and the UAE reported an Iranian missile attack. Yemen's military launched attacks against Iran-backed Houthi rebels in response to recent strikes. Turkey's parliament approved a draft law advancing peace efforts with Kurdish insurgents. The Strait of Hormuz remains crucial for…

The Economic Times

Will Nifty, Sensex extend losses on Monday? Middle East tensions, Q1 results and 3 other factors to steer D-St this week

Indian stock markets ended lower as benchmark indices Sensex and Nifty diverged. Investors face crucial triggers next week, including over 2,000 Q1 earnings announcements, crude oil price movements amid Middle East geopolitical tensions, US nonfarm payroll data influencing Federal Reserve interest rate policy, and ongoing foreign institutional investment trends.

The Times of India

Strait of Hormuz standoff: What conditions have US, Iran set to reopen waterway

Iran has made clear that a deal with Oman on a new shipping arrangement for the Strait of Hormuz will not, by itself, reopen the strategic waterway. Tehran says the strait will reopen only after the United States accepts a broader set of Iranian conditions, while Washington has indicated that…

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