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The Latest Breaking News from Oil

Ukrainian drone strikes on Russia kill 4, wound 12 others, while debris lands on Moscow airport

Ukraine conducted a major drone attack on Russia, resulting in casualties and damage near Moscow. Russian air defenses intercepted many drones. This action is seen as retaliation for recent Russian strikes on Kyiv. The attacks highlight Ukraine's capability to strike deep into Russian territory, impacting ordinary citizens and potentially increasing…

The Economic Times

The American epoch of oil is collapsing. What comes next could be ugly

China is dominating the energy transition with astonishing result, while fossil fuel fascists in the US try to turn back the clock

The Guardian - US

Ninja's new saucepan set just proved it can make non-toxic stainless steel pans that are as good as its air fryers – I was wowed by it in my kitchen

Having reviewed a lot of Ninja appliances, it didn’t surprise me that the brand's cookware is also capable and well made

Ideal Home

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Ukrainian drone strikes on Russia kill 4 and wound 12 others, while debris lands on a Moscow airport

Russian officials say overnight Ukrainian drone strikes killed at least four people including three near Moscow

The Independent UK

Market Trading Guide: 2 stock ideas for Monday with up to 8% near-term gains

Nifty ended lower on Friday, breaking a two-session winning streak as banking, metal and realty stocks dragged the index below the 23,800 zone. Analysts see a bearish setup with resistance at key EMAs and support near 23,500. Amid volatility, two technical stock picks, Kirloskar Oil and Wheels India, signal short-term…

The Economic Times

NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures

The NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an NCLT order that had clubbed the two cases. The tribunal emphasized the distinct business sectors of VIL (consumer electronics) and VOVL (oil) and the creditors' intent for independent resolutions, a…

The Economic Times

India may negotiate Iran-backed oil corridors as Hormuz recovery looks distant: Moody’s

India and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of Hormuz is not expected by 2026. This will lead to gradual, but slow and uncertain, improvements in energy transit. Higher and volatile oil prices will impact economies.

The Economic Times

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India's trade deficit pressures could persist through 2026 as electronics imports surge, export outlook stays fragile

Indias trade deficit faces pressure in coming months. Elevated crude prices and supply disruptions impact exports. A potential global demand slowdown adds to concerns. Rupee depreciation may offer some support. A recent hike in bullion import duty could provide near-term relief to the deficit. Electronics deficit reached an all-time high.

The Economic Times

India must push solar, grid reforms to navigate oil price rise: Ex-NITI Aayog member Arvind Virmani

The Economic Times

FTAs, lower import duties, better business environment to boost net FDI flows: ADB chief economist

Foreign investment in India needs a boost. ADB Chief Economist Albert Park suggests free trade agreements and lower import tariffs. Strengthening manufacturing infrastructure and urban planning will attract more capital. Higher oil prices are expected to persist, impacting India's GDP growth and inflation. Reforms are ongoing, and continued momentum is…

The Economic Times

Flying from Japan? Your air ticket may soon cost more

International travel from Japan will become costlier this summer. Japan Airlines and All Nippon Airways are raising fuel surcharges on international tickets. This change applies to bookings made in May and June 2026. Higher prices are linked to increased jet fuel costs. Flights to North America and Europe will see…

The Economic Times

FPIs pull out Rs 27,000 cr in May; 2026 outflows hit Rs 2.2 lakh cr-mark

Himanshu Srivastava, Principal - Manager Research at Morningstar Investment Research India, said the latest outflow trend reflected persistent uncertainty surrounding global growth, elevated geopolitical tensions across key regions and volatility in crude oil prices, which continued to weigh on risk appetite towards emerging markets, including India.

The Economic Times

India's Rs 1.7 lakh crore fuel crisis may have found an unlikely fix

India faces high energy import costs and a weakening ₹. A Monaco company, FOWE Eco Solutions, presents a water-based fuel emulsion technology. This innovation promises major fuel savings and emission reductions for Indian industries. The technology requires no engine modification or plant shutdowns. Trials in India show promising results for…

The Economic Times

Will Nifty, Sensex extend losses on Monday? These 5 factors will drive D-Street action this week

Indian markets ended the week sharply lower amid a record rupee slide, surging oil prices and weak global cues. Investors remain cautious as geopolitical tensions, rising US bond yields and foreign outflows weigh on sentiment. The coming week is expected to be volatile, with macro triggers likely to dictate D-Street…

The Economic Times

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The Economic Times

'Fuel scarcity' hits livelihood in Odisha, govt assures people of situation normalisation by Monday

Odisha faces fuel scarcity, impacting daily wage earners and transport operators. The state government attributes the situation to panic buying and supply chain disruptions. Officials assure normalcy within 48 hours, with oil companies working to restore distribution. Citizens are urged not to panic as sufficient stock is available.

The Economic Times

India scrambles to steady rupee as oil shock bites

India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world's fastest-growing major economy. The depreciation has punctured India's ambition to become the world's third-largest economy.

Newslaundry

South Central 75: Is it time to do away with NEET?

In this episode of South Central, hosts Dhanya Rajendran and Pooja Prasanna first discuss the NEET exam paper leak and the subsequent developments. In the second part of the discussions, the hosts discuss the austerity measures announced by PM Modi, including a ban on exports and judicious use of oil…

The Economic Times

CNG prices hiked again: Delhi CNG crosses Rs 80/kg after Re 1 hike, second increase in 48 hours

Indraprastha Gas Limited has increased compressed natural gas prices again. This is the second hike in two days. Commuters in Delhi-NCR will now pay more for fuel. CNG in Delhi now costs Rs 80.09 per kg. Noida and Ghaziabad rates are Rs 88.70 per kg. Gurugram's new rate is Rs…

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The Economic Times

India's demand-side push could build USD 37.8 billion forex shield as high oil prices threaten fiscal stability: Brickwork Ratings

With crude prices likely to stay above USD 100 per barrel for the rest of 2026 and the rupee under pressure near INR 95/USD, Brickwork Ratings says Prime Minister Modi's seven behavioural appeals could provide India with a USD 37.8 billion forex buffer this fiscal year. The report argues that…

The Guardian - AU

Ukraine war briefing: more than 500 drones strike at Russia, killing 3; US allows Russian oil sanctions waiver to lapse

Large Ukrainian attack comes after Zelenskyy on Friday vowed retaliation for earlier Russian strikes. What we know on day 1,544

International Business Times UK

Trump's Three-Time Voter Brands President 'Naive' as Iran War Sends Fuel Prices Soaring in GOP Areas

The US-Iran conflict has driven oil prices up, impacting rural Colorado's economy and testing political loyalties, as residents express frustration over the administration's handling of the crisis.

Fortune

Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn

Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady, according to Capital Economics.

MarketBeat

Valeura Energy Q1 Earnings Call Highlights

Valeura Energy (TSE:VLE) executives told shareholders at the company’s 2026 annual general meeting that the Thailand-focused producer is benefiting from higher oil prices, a growing reserve base and ongoing development work, while continuing to evaluate acquisitions and future capital returns. Pres

International Business Times

US Lets Russia Oil Sanctions Waiver End Despite Surging Prices Due To Iran War

The previous waiver was described by US Treasury Secretary Scott Bessent as a measure to stabilize energy markets in the aftermath of the Gulf war.

The Economic Times

Iran war: Trump administration allows Russia oil sales waiver to expire despite tight market

The Trump administration let a waiver for Russian oil sales expire. This happened even as the Iran war caused worries about global oil supplies and rising fuel costs. The move ended a short period of eased sanctions on some Russian oil. Countries like India and Indonesia had asked for extensions…

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