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The Latest Breaking News from Oil

Bond yields, FIIs and corporate actions among 8 factors to steer D-Street this week

Nifty closed marginally higher last week, driven by IT and energy stocks, as markets brace for key events. Technical analysts suggest Nifty is in an indecisive range, awaiting a decisive breakout above 23,800 or a fall towards 23,600. Global factors like Iran-Israel tensions and US bond yields are influencing sentiment.

The Economic Times

Ross Chastain wins strange NASCAR O'Reilly Charlotte race, marred by rain, fog, oil slick

The race started just after 5pm, and NASCAR finally called it with about the half event still to go, over six hours after the green flag.

Motorsport

Inside the US-Iran deal Trump is close to signing

The US and Iran are close to signing a 60-day ceasefire agreement that would reopen the Strait of Hormuz, allow Iran to freely export oil, and begin negotiations on curbing Tehran’s nuclear programme, according to an Axios report citing a US official.

The Economic Times

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Retail fuel price hike 'inevitable' if global oil pressures persist: BPCL's Director HR

Bharat Petroleum Corporation Ltd. Director HR Bharat Petroleum Corporation Ltd. Raj Kumar Dubey said another fuel price hike may become unavoidable if global energy disruptions persist, as policymakers weigh three options — raising retail fuel prices, oil companies absorbing losses, or government support through deficit financing.

The Economic Times

Petrol, Diesel Price Today May 24: Check fuel rates in Delhi, Noida, Lucknow, Faridabad, Bangalore, Gurgaon and other cities

Petrol Diesel Price Today May 24 check Delhi, Noida, Faribadad, Lucknow fuel rates: Fuel prices in India have surged again, with petrol nearing Rs 100 per litre in Delhi and diesel prices also climbing significantly. This marks the third recent increase in CNG rates, adding to public concern amidst geopolitical…

The Economic Times

Iran war is exposing South Africa’s dependency on diesel: what went wrong

It is forgivable to think that an oil shock mainly hurts at the petrol pump. After all, that is where households feel it first. But when my colleagues and I at the Bureau for Economic Research started digging through South Africa’s fuel data, a different story emerged – one that…

The Conversation

AAP Rolling News Bulletin May 24, 1200

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U.S.-Iran Agreement Imminent — Strait of Hormuz Expected to Reopen, Oil Prices Set to Fall

The announcement, made via a post on Truth Social, came after a wide-ranging phone call with leaders from Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Türkiye, Egypt, Jordan, and Bahrain — a coalition of regional powers that have played a central role in mediating the 84-day conflict. Trump also…

Latin Times

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