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The Latest Breaking News from Oil

Russia-Ukraine War Update: Putin Admits Fuel Problems as Ukraine Attacks Two Russo Oil Refineries

Ukraine's strategic strikes on Russian oil refineries have led to fuel shortages, prompting rationing and economic concerns. President Putin acknowledges the crisis, while diplomatic tensions rise.

International Business Times UK

The Road Ahead – What Will We Be Driving Next?

The oil crisis. The rise of electric vehicles. The integration of Artificial Intelligence. The automotive industry has experienced influential forces in recent years that will define the future of how we drive for years to come. In this episode of the Bangkok Post’s “Mind The Gap: The Road Ahead –…

Bangkok Post

Oil risks rise, but Moody's sees India holding firm

Moody's Ratings believes India can manage a wider fiscal deficit this year without jeopardising its investment-grade credit rating. Despite elevated oil prices posing risks, the agency views their impact as temporary and trusts New Delhi's commitment to fiscal consolidation. While high debt servicing remains a concern, Moody's remains confident in…

The Economic Times

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Euro zone 10-year yields near three-month lows at start of busy week

Bond yields in the Euro zone are at their lowest since early March, a welcome development for central bankers meeting at the ECB's Sintra Forum. A recent drop in oil prices has eased inflation concerns, leading investors to scale back expectations for interest rate hikes from the ECB and Bank…

The Economic Times

Avoid expensive themes, focus on valuations and stock picking: Samit Vartak

Indian equities have rebounded significantly, yet investor sentiment remains cautious due to ongoing geopolitical uncertainties. Despite this, strong corporate earnings, particularly from small and mid-cap firms, offer encouragement. While crude oil price pressures have eased, unpredictable global events persist. Valuations in the small-cap segment are particularly attractive, presenting opportunities beyond…

The Economic Times

Tata Motors, Castrol join hands to advance used oil circularity across the lubricant value chain

Tata Motors and Castrol India have partnered to launch a pilot program for used oil recycling in Karnataka. This initiative aims to create a traceable system for collecting and processing used engine oil from Tata Motors' service centers, addressing a critical environmental concern. The collaboration seeks to establish a scalable…

The Economic Times

India bonds edge up, supported by steady oil prices, halt to US-Iran strikes

Indian government bonds saw an early rise on Monday, buoyed by strong foreign investment and stable oil prices, which helped offset geopolitical tensions. Despite recent U.S.-Iran strikes, a diplomatic resolution and a dip in crude oil prices eased inflation concerns. This positive sentiment, coupled with RBI incentives and tax cuts,…

The Economic Times

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Rupee treads water, traders await range break to gauge directional trend

The Indian rupee held steady as tensions between Iran and the US eased, with traders anticipating a clearer market direction. Currently trading around 94.3675 against the dollar, the rupee has found support from falling oil prices and policy measures. The central bank appears keen to prevent further weakening beyond 95,…

The Economic Times

Putin admits oil deficit and adjusted fuel plans amid Ukrainian strikes on refineries

A fresh overnight Ukrainian assault set southern Russia’s major Sloviansk refinery on fire, killing one person.

Euronews

Budget Bites: Cheap and easy Greek recipes for midweek dinners

Sun, salt and not a great deal of money – our budget columnists head to Greece for three midweek dinners that punch well above their price, writes Hannah Twiggs

The Independent UK

Planning mutual fund investments for H2 2026? Experts favour largecap, flexicap and multi-asset funds

Experts are advising mutual fund investors to focus on large-cap, flexi-cap, and multi-asset funds for the latter half of 2026. Following a volatile first half, a cautious yet optimistic approach is recommended, emphasizing diversified equity exposure. While valuations are considered fair, risks like global tensions and oil prices persist. Investors…

The Economic Times

Ukraine-Russia war latest: Zelensky mocks Putin’s failure to capture Donbas ‘15 times already’

Putin admits fuel supply problems have created shortages in Russia as Kyiv continues attacks on his oil refineries

The Independent UK

US Stock Market: Wall Street eyes jobs data as rate hike bets and tech volatility intensify

Indian investors are keenly watching US jobs data this week for economic health and interest rate cues. Tech stocks, especially chipmakers, are under scrutiny amid valuation concerns. Strong hiring could mean higher rates for longer, impacting equities. Geopolitical events in the Middle East also remain a key focus, influencing oil…

The Economic Times

Market wrap: Sensex falls 372 points, Nifty closes below 23,950; Kotak Mahindra Bank drops 3%

Indian markets ended lower as Sensex and Nifty snapped a two-session winning streak, pressured by geopolitical tensions in the Middle East and broad-based selling. While pharma outperformed, auto stocks dragged. Analysts flagged near-term volatility but maintained a constructive outlook for Nifty above key support levels amid mixed global cues.

The Economic Times

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The Economic Times

Oil Price Today (June 29): Crude oil rises after renewed US-Iran strikes. What lies ahead?

US President Donald Trump said on Saturday that Iran would "no longer exist" if the US were "forced" to resume the war. "United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN!" Trump wrote on Truth Social.

The Times of India

Watch: Huge plume of black smoke billows from Russian refinery after Ukraine drone attack

Ukrainian drone strikes sparked a major fire at one of southern Russia's largest oil refineries overnight, as Kyiv continued its campaign targeting Russia's energy infrastructure.

The Economic Times

Gold slips as US-Iran tensions lift oil, US rate-hike bets weigh

Gold prices dipped as escalating U.S.-Iran tensions fueled oil prices, while anticipated U.S. Federal Reserve interest rate hikes added further pressure. Despite a brief missile exchange, both nations reportedly agreed to de-escalate and resume talks. Meanwhile, Indian gold demand saw a premium emerge, contrasting with subdued activity in China. Other…

The Economic Times

Global Market Today: Asian shares slip, oil pares climb

Global markets are showing cautious optimism as US and Iran reportedly step back from further conflict escalation, with talks scheduled in Qatar. While Asian shares dipped, US equity futures climbed. However, rising oil prices and lingering inflation concerns are keeping investors on edge, despite hopes for a lasting peace and…

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The Economic Times

Oil climbs following renewed US, Iran strikes in Middle East

Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed talks, analysts caution that a full recovery of Gulf oil supply could take months due to lingering issues. Saudi Aramco has resumed…

The Economic Times

Putin says Russia will press on with front-line campaign regardless of Ukraine proposals

President Putin declared Russia's intent to fully capture four Ukrainian regions, dismissing a Ukrainian proposal for a ceasefire as a tactic to ease pressure on its forces. He emphasized the need to bolster air defenses against Ukrainian drone attacks targeting Russia's oil industry, while asserting these strikes do not impact…

The Economic Times

Why are oil prices rising today, and will Brent crude futures and US WTI prices continue to go up? Oil prices gain after renewed US-Iran strikes and Strait of Hormuz disruption

Why are oil prices rising today, and will Brent crude futures and US WTI prices continue to go up? Oil prices increased after renewed attacks involving the United States and Iran raised concerns over energy supplies through the Strait of Hormuz. Brent crude futures and US WTI crude moved higher…

The Economic Times

Travel on recovery road as war cloud clears and oil dips: MakeMyTrip group CEO

MakeMyTrip group CEO Rajesh Magow said the optimism level among airlines is improving, and noted that commercial LPG supply in the country is being restored. "The US looks like it wants to get out of the conflict one way or the other. There is hope now," he said. "The recovery…

Evening Standard

Average portion of cod and chips in UK hits £11.41, report finds

Rising costs for fish, potatoes, oil and energy are putting pressure on shop owners, industry body Seafish found.

The Economic Times

Why India stayed resilient through the Hormuz crisis

India successfully navigated the Strait of Hormuz closure, ensuring energy security for its citizens. Despite a significant drop in West Asian LPG supplies, domestic production was ramped up, and new international sources were secured. Price disruptions were mitigated through government subsidies and excise duty cuts, keeping fuel costs significantly lower…

France 24

Ukrainian strike ignites Russian oil refinery as Putin acknowledges 'difficult period'

Debris from downed Ukrainian drones sparked a blaze at a major oil refinery in Russia on Sunday, according to local authorities. This comes as Russian President Vladimir Putin said that his country was “going through a difficult period”. In recent months, Ukraine has stepped up its long-range attacks on Russian…

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