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The Latest Breaking News from Oil

Higher crude oil prices could hit India's fiscal health, finance ministry says

India's finance ministry warns of rising crude oil prices impacting fiscal and trade balances. Persistent geopolitical tensions in West Asia present key risks to the nation's economy. The country's external sector remains resilient, supported by strong exports and services trade. Foreign exchange reserves stand at $675.2 billion, offering a significant…

The Economic Times

India bonds slip as oil prices hurt; Fed verdict in focus

On Wednesday, Indian government bonds took a hit due to renewed U.S. airstrikes in the Middle East, escalating tensions in the Gulf region. This escalation has led to a spike in oil prices and increased U.S. Treasury yields. The rising crude prices pose challenges for India's inflation, fiscal health, and…

The Economic Times

Cotton Showing Modest Wednesday Morning Weakness

Cotton price action is down 50 to 62 points so far on Wednesday. Futures closed with losses of 3 to 45 points across the board on Tuesday, slipping from the midday gains. Crude oil was down another $3.48 per barrel, with the US dollar index down 0.109. Weekly Crop Progress...

Barchart

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Iran Ended The Pause In Fighting With The U.S. With New Strikes. Oil Jumped As a Result

Oil is jumping on Wednesday after Iran resumed attacks against the U.S. after a brief lull in fighting.

International Business Times

Andy Burnham urged to 'listen to the experts' and block major oil field licences

THE new Prime Minister has been urged to "listen to the experts" warning him of the environmental toll new North Sea licensing would have

The National (Scotland)

Market wrap: Jio Financial, HUL among top gainers and losers on Nifty and Sensex on Wednesday

Indian benchmark indices rallied over 1% as Sensex climbed 889 points and Nifty crossed 24,250, adding Rs 4 lakh crore in market value. Strong IIP data, optimism over FII inflows and gains in IT and metal stocks outweighed rising geopolitical tensions and oil prices.

The Economic Times

Beneath the ocean lie 8,500 forgotten WWII shipwrecks. Many are still filled with oil

Scattered across the ocean floor worldwide are more than 8,500 shipwrecks classified as potentially polluting, most dating back to World War I and World War II, still carrying an estimated 6 billion gallons of heavy fuel oil within their corroding hulls. As these vessels approach or pass the century mark…

The Times of India

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America's Emergency Oil Reserve Keeps Falling To Decade Lows. Auditors Warn It May Not Be Ready For Another Crisis

The U.S: Strategic Petroleum Reserve fell this week to its lowest level since March 1983 after the federal government withdrew a total of 352 million barrels of crude oil over the past four years to respond to geopolitical conflicts.

International Business Times

London chefs reveal their best no cook summer dishes

From Melissa Hemsley’s salad to Michelin-starred soup, Samuel Fishwick has a guide to heatwave recipes — no cooking required

Evening Standard

Iraq eyes supplying Turkey with 1 million oil barrels a day amid Hormuz crisis

Iraqi Prime Minister Ali Zeydi visited Ankara for his first talks with Erdoğan since taking office, offering to supply Turkey with 1 million barrels of oil per day as Ankara seeks to reduce its dependence on disrupted Gulf routes.

Euronews

Vedanta Oil & Gas Q1 Results: Co swings to black with Rs 945 crore profit, revenue up 9% YoY

Vedanta Oil & Gas posted a Rs 945 crore net profit for Q1 FY27. This marks a significant turnaround from the previous year's net loss. The company's revenue from operations also saw an increase of 8.5 percent. This profit was achieved despite reporting an exceptional net loss. The firm's financial…

The Economic Times

Ukraine says it hit a major Russian oil refinery hours after Zelensky’s meeting with Trump

Overnight attack started a fire at the Ryazan refinery, ramping up pressure on Moscow

The Independent UK

Why did market rise today? Sensex soars 890 pts, Nifty closes above 24,250; 4 factors behind Rs 4 lakh crore gains on D-Street

Indian stock markets experienced a significant surge on Wednesday. Benchmark indices Sensex and Nifty both rose over one percent. This occurred despite a sharp increase in oil prices due to US-Iran tensions. Broader markets also traded positively, with IT and Metal sectors leading gains. Market volatility remained subdued as broader…

The Economic Times

Iran launches new missile attacks as US and Saudi Arabia strike Tehran-backed militias in Iraq

Iran launched a wave of missile attacks targeting U.S. forces across the Middle East on Wednesday, as American and Saudi forces struck Tehran-backed militias in Iraq, killing at least 20 fighters and six Iranian advisers.

France 24

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Creative Bloq

Fantasy and adventure allowed this artist to rekindle the inspirations of his creative youth

Ron Sanders previously designed coins for the US mint.

The Economic Times

Who are the Iran-backed militias behind Iraq's oil facility attacks?

U.S. and Saudi Arabia struck Iran-backed groups in Iraq responsible for drone attacks. These Shi'ite militias gained influence after the 2003 U.S. invasion and Iran's support. They possess substantial political and military power, rivaling the national army. Kataib Hezbollah and Asa'ib Ahl al-Haq are among the most influential factions. These…

Benzinga

Top Analyst Predicts Gas Prices Are About to Hit a Record High By This Date— And Iran's Latest Missile Attack Won't Help

Patrick De Haan warned U.S. gasoline prices could stay above $4 per gallon beyond August 8 for the first time on record, calling the potential milestone concerning.

Fortune

Current price of oil as of July 29, 2026

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

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The Economic Times

US-Saudi strikes in Iraq kill 20: former paramilitaries

US and Saudi forces conducted strikes against Iran-backed groups in Iraq. These attacks followed drone incidents targeting Saudi oil facilities earlier. The Popular Mobilization Forces reported at least twenty fighters were killed. The strikes targeted PMF bases across seven Iraqi provinces, causing damage. Iraq's Prime Minister vowed to disarm these…

Barchart

Chevron Stock: Is Wall Street Bullish or Bearish?

Chevron has outperformed the S&P 500 over the past year, and analysts remain cautiously optimistic outlook for the shares.

The Economic Times

India's top refiner IOCL scouts stakes in gas carriers as it plans higher US imports

Indian Oil Corporation is seeking to acquire a fifty percent stake in very large gas carriers. This move prepares the company for increased liquefied petroleum gas imports from the United States. Indian state fuel retailers will increase their purchases of U.S. LPG starting from the year 2027. The company is…

The Economic Times

Euro zone bond rally ends as oil surge, Fed decision weigh on investors

European bond markets have largely tracked developments in the Gulf conflict since hostilities began in late February, with movements in energy prices playing a key role in shaping investor sentiment. Market participants are closely monitoring whether a sustained rise in oil prices could fuel broader inflation pressures and prompt central…

The Economic Times

Indian corporates to clock 9% aggregate revenue in FY27: Fitch

Fitch Ratings forecasts Indian corporate revenue to grow nine percent in the current fiscal year. This growth is expected to keep credit metrics for Indian companies stable. Geopolitical tensions and climate risks could impact oil prices and demand for certain sectors. Chemical companies may face higher costs and softer demand…

The Economic Times

Indian economy shows recovery despite global uncertainties, private investment gains momentum: Report

Demonstrating remarkable resilience, India's economy witnesses a comprehensive recovery across sectors, coupled with an increase in industrial credit. Private sector investment is perking up, fueled by proactive government policies. Indicators reflect stable or improving growth trends in different economic domains. Nonetheless, macroeconomic uncertainty looms from external elements like oil prices…

The Economic Times

India's energy security at risk from Hormuz-Red Sea double squeeze, says CareEdge Ratings

India faces significant energy security risks from chokepoint disruptions. A dual closure could push Brent crude prices to $130-135 per barrel. This scenario threatens inflation and the Indian rupee's stability. Smaller businesses are particularly exposed to rising costs and liquidity stress. Global supply chains and India's trade balance would experience…

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