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The Latest Breaking News from Oil

Trican Well Service Q1 Earnings Call Highlights

Trican Well Service (TSE:TCW) reported higher first-quarter revenue as activity increased and the company benefited from a full quarter of contribution from the Iron Horse acquisition, while management said pricing pressure and cost inflation weighed on margins. Scott Matson, Trican’s chief financi

MarketBeat

Parex Resources Q1 Earnings Call Highlights

Parex Resources (TSE:PXT) said it is moving through a major expansion in Colombia, with management outlining a series of acquisitions, partnerships and drilling programs that it expects will nearly double the company’s production base and make it the country’s largest independent exploration and pro

MarketBeat

Suezmax tanker with Iraqi crude reaches India after Hormuz transit

An Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital waterway are still low. This comes as the conflict enters its twelfth week. Iran has not eased its blockade of Hormuz. The tanker Karolos was seen sailing away from…

The Economic Times

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The Bond Market Is Flashing a Warning — And a Former Biden National Security Adviser Says Americans Could Get Hit Twice

Daleep Singh, former Biden National Security Adviser and current chief economist at PGIM, warns the bond market is flashing a serious danger signal as oil prices above $100 drive inflation fears and push the 10-year Treasury yield toward 5%. He warns the end game could be financial repression.

International Business Times

3 Stocks to Own If Gas Prices Keep Rising

With gas prices topping $4.50 per gallon, Par Pacific, Diamondback Energy, and Scorpio Tankers are positioned to benefit from rising energy costs.

MarketBeat

Trump returns from China with little progress on reopening Hormuz

Iran says passage through the Strait of Hormuz will return to normal once security is restored. US President Donald Trump seeks to reopen the critical waterway after talks with China. Iran insists on maintaining control. Disruptions have caused oil prices to surge. The US has imposed sanctions on Iran's oil…

The Economic Times

Trump says Xi agrees Iran must open strait, but no sign China will weigh in

President Donald Trump claims China's Xi Jinping agreed Iran must reopen the Strait of Hormuz. Iran effectively shut the vital waterway after U.S. and Israeli attacks. This has caused a major oil supply crisis and pushed up prices. Tehran insists it will not unblock the strait until the U.S. ends…

The Economic Times

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'Botanical Minimalism' Is the Summer Home Fragrance Trend for 2026 − And Design Experts Say 'Placement Is Key'

Make home fragrancing part of your decor, rather than a stand-out device

Homes & Gardens

Donald Trump: Green energy's savior?

The president has unintentionally set off an international scramble for renewable energy due to his war in Iran

Salon

Keyera Q1 Earnings Call Highlights

Keyera (TSE:KEY) said it closed its acquisition of Plains’ Canadian natural gas liquids business two days before its first-quarter conference call, describing the transaction as a major expansion of its integrated platform while also noting that the deal is now before the Competition Tribunal. Pres

MarketBeat

How Iran could fight a shadow war with US for months after Operation Epic Fury failed to destroy missiles

Experts say Iran still has several strategies it can use if war with the US resumes

The Independent UK

Iran plans new Hormuz transit mechanism, says only cooperating nations will benefit

Iran is introducing a new system for the Strait of Hormuz. Commercial ships and nations cooperating with Tehran will receive priority passage. Specialized services will incur fees. This move comes amid rising Gulf tensions and concerns over global energy supplies. Several oil and gas carriers are already transiting the vital…

The Economic Times

Freehold Royalties Q1 Earnings Call Highlights

Freehold Royalties (TSE:FRU) reported first-quarter 2026 production of 15,533 barrels of oil equivalent per day, with liquids accounting for 65% of volumes, as the company said its oil-weighted portfolio remains positioned to benefit from stronger crude prices. President and CEO David Spyker said d

MarketBeat

Will petrol and diesel prices rise again? Fuel hike may be just the first of several increases, say experts

Petrol, Diesel price today: Fuel prices have been increased by Rs 3 per litre as state-run oil companies face mounting losses due to rising global crude oil prices. Experts predict this hike is the beginning of staggered increases, with further modest rises likely if the West Asia conflict persists and…

The Economic Times

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The Economic Times

Bitcoin slips towards $79K as higher Treasury yields and oil prices pressure trigger risk-off sentiment

Bitcoin dipped towards $79,000, influenced by rising US Treasury yields, inflation concerns, and high oil prices, impacting global risk assets. Major altcoins also saw declines, with the global crypto market capitalization falling. Analysts suggest Bitcoin's pullback is macro-driven, with key resistance at $82,000-$82,500.

The Economic Times

India’s gold import duty hike: A double-edged sword

India has raised gold import duty to 15% and urged citizens to buy less gold. This move targets foreign reserves and the rupee's value. However, India's strong cultural demand for gold may limit effectiveness. Higher duties could also boost illegal gold imports. Investors should consider gold as a long-term hedge.

International Business Times UK

UAE Plans to Bypass the Strait of Hormuz to Export Oil Via the Gulf of Oman with an Ingenious Unexpected Plan

The UAE is expediting its oil pipeline expansion to bypass the Strait of Hormuz, enhancing export capacity and energy security amid regional tensions threatening global energy corridors.

The Economic Times

Petrol-diesel panic in Odisha: Hundreds queue up outside fuel stations; bikes allegedly given fuel worth only Rs 200

Long queues formed at petrol pumps across Odisha due to rumours of a fuel shortage. Panic buying intensified after a price hike. Commuters faced hours of waiting in scorching heat. Boat operators and farmers also reported difficulties in procuring diesel. Oil companies stated there was no shortage, but some pumps…

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The Economic Times

Why did Russian FM Sergey Lavrov say ‘If you don't surrender your phone, they will take out a gun’ during Delhi press conference? Watch video

Russian Foreign Minister Sergey Lavrov lightened a press conference in Delhi with a humorous remark to a buzzing phone, drawing laughter and viral attention. As the phone of one of the camerapersons was constantly buzzing, Sergey Lavrov jokingly said, 'Sir, if you don't surrender your phone, they will take out…

The Economic Times

Crude oil surges 8% in a week to near $110 as Iran war tensions simmer again. Where are prices headed?

Oil prices surged this week as U.S. President Trump and Iran's foreign minister exchanged remarks, dampening hopes for a near-term agreement on ship attacks around the Strait of Hormuz. Brent crude futures rose 7.84% and WTI gained 10.48% amid uncertainty over the fragile ceasefire and the potential for prolonged disruptions…

The Economic Times

Oil prices climb more than 3% on fears of new US-Iran combat

Oil prices surged over 3% as U.S. President Trump and Iran's foreign minister exchanged confrontational remarks, diminishing hopes for a deal to end ship attacks around the Strait of Hormuz. Despite a shaky ceasefire, the strait's potential reopening is uncertain, impacting global oil supplies and pushing prices higher.

The Economic Times

WPI inflation to face further upside as oil and metal prices stay elevated amid geopolitical tensions: Report

India's Wholesale Price Index surged to 8.3 percent in April 2026. Fuel and manufactured goods drove this sharp rise. Global crude oil prices and geopolitical tensions impacted fuel costs. Metal prices also climbed significantly. Food inflation eased but may rise later. This marks the highest WPI since October 2022.

The Times of India

Operation Epic Fury to resume? Donald Trump weighs fresh Iran strikes after China visit: Report

As US President Trump returns from China, pressure mounts over Iran. Top aides are reportedly preparing options for renewed military action against Tehran if diplomacy falters, including intensified bombing and potential Special Operations deployments. Iran, meanwhile, signals readiness for conflict, while the Strait of Hormuz remains a critical concern for…

MyLifeXP

Why Vijay Removed The White Towel From His Chair

It was just a white towel on a chair. No speech. No announcement. No political slogan. But when Joseph Vijay quietly removed the traditional white towel from his official chair, social media exploded with reactions. For decades, the white towel has been a familiar sight in Indian government offices a…

The Guardian - AU

Ukraine war briefing: Zelenskyy vows retribution over deadly Russian bombardments

President says three days of strikes will not ‘go unpunished’ and points to Ukrainian attack on Russian oil refinery. What we know on day 1,543

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