The Latest Breaking News from Oil

Inactive oil and gas wells to go under review at hearing

Under previous law, operators could keep inactive wells up indefinitely.

The Texas Tribune · Sep 15

Sensex crashes over 1,400 pts from day’s high, Nifty below 23,150. 5 triggers behind Rs 9L cr wipeout

Indian markets faced a notable downturn, witnessing significant erosion of capitalisation. Factors like climbing US bond yields and escalating oil prices heightened inflation fears among investors. Anticipation of a rate hike by the Federal Reserve added to the market's woes. Additionally, growing geopolitical tensions in the Middle East, combined with…

The Economic Times · Sep 15

Global Market: Morgan Stanley turns hawkish, sees two Fed rate hikes in 2026

Morgan Stanley expects the US Federal Reserve and European Central Bank to raise interest rates further as persistent inflation and elevated oil prices complicate the monetary policy outlook. The brokerage sees additional Fed hikes this year and another ECB increase in December.

The Economic Times · Sep 15

Bond market turmoil puts Fed Rate decision under spotlight

A global bond market selloff has put the Federal Reserve’s rate decision under the spotlight, with investors weighing the risks of another hike against a pause. Persistent inflation, rising oil prices, fiscal deficits and elevated Treasury yields have heightened concerns over the term premium and the outlook for long-term borrowing…

The Economic Times · Sep 15

UK retirees with no other income will not pay tax on new £13,000 state pension, No 10 says

Average wages rose by 3.9% in three months to July, signalling pensioners will receive uplift of same percentage in 2027 under triple lock

The Guardian - UK · Sep 15

Oil Prices Rise Following Red Sea Territorial Shifts and Saudi Pipeline Disruptions

Saudi Arabia has suspended operations on its East-West oil pipeline following multiple attacks on Thursday, according to the Saudi Press Agency.

inkl · Sep 15

US Market: Fed rate hike looms as hotter inflation clouds policy outlook

The US Federal Reserve is widely expected to raise interest rates by 25 basis points on Wednesday, taking the benchmark rate to 3.75%-4.00%, as stubborn inflation and oil prices above $100 a barrel strengthen the case for tighter monetary policy.

The Economic Times · Sep 15

Iran-US war latest: Saudi Arabia says it downed drone near Mecca as US House votes to rein in Trump’s powers

Trump says he is open to negotiations to end the war with Iran, but stresses the final decision rests with him

The Independent UK · Sep 15

John D. Rockefeller’s striking quote on wealth: ‘I know of nothing more despicable and pathetic…’ – One of history’s richest men on chasing money

John D. Rockefeller, known as an industrial pioneer, built a vast fortune through Standard Oil. However, he warned that fixating solely on wealth could lead to a hollow existence. He advocated for utilizing riches as a means to contribute positively to society. In his later years, Rockefeller devoted himself to…

The Economic Times · Sep 15

US Market: Brokerages turn hawkish as sticky inflation boosts Fed hike bets

Major brokerages including Goldman Sachs, J.P. Morgan, HSBC and Deutsche Bank expect the Federal Reserve to raise interest rates by 25 basis points this week after stronger-than-expected inflation data. Rising oil prices above $100 a barrel have added to inflation concerns, while markets are also pricing another hike in December.

The Economic Times · Sep 15