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The Latest Breaking News from Oil

Indian state oil refiners eye modest fuel price hike as losses mount

Indian state refiners anticipate a small rise in fuel prices soon. This move aims to balance losses from the ongoing Persian Gulf war and consumer needs. Diesel and gasoline prices may increase by about 5 rupees per liter. This adjustment is necessary to offset significant daily losses.

The Economic Times

IRGC-linked media outlines plan to tax and control undersea internet cables in the Hormuz Strait — Iran's mouthpiece calls for a cut of $10 trillion of transactions that pulse through the cables daily

The oil and shipping choke point of the Strait of Hormuz looks set to become a digital pressure point with internet cabling under threat.

Tom’s Hardware

India can't afford rising import dependence on edible oil: Industry body SEA on PM appeal

The Solvent Extractors’ Association of India (SEA) backed Prime Minister Narendra Modi’s appeal to reduce edible oil consumption, saying lower usage would help India curb import dependence, reduce vulnerability to global supply shocks and save foreign exchange amid rising geopolitical and climate risks. SEA said India imports nearly 60% of…

The Economic Times

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Oil prices climb after Trump dismisses Iran’s response to peace plan

Brent crude rises after US president calls overture from Tehran ‘totally unacceptable’

The Guardian - UK

Shani Jayanti 2026: Date, Timing, Rituals & Significance

Every year, millions of devotees across India observe Shani Jayanti with deep devotion and reverence toward Shani Dev, the deity associated with karma, discipline, justice, and consequences of actions in Hindu belief. The festival marks the birth anniversary of Shani Dev and is considered one of the most spiritually significant…

Times Life

Eight of the best secluded and affordable places to stay in Andalucía, Spain

From B&Bs and cabins to fincas and family hotels, these rural boltholes make ideal bases for exploring the region’s mountains, trails and historic towns and villages

The Guardian - UK

The Iran draft proposal Trump called 'totally unacceptable': What was in it?

Iran has presented a list of demands for a ceasefire with the US. These include lifting sanctions, compensation for damages, and the withdrawal of American troops. President Trump has rejected these terms as unacceptable. The standoff has impacted global oil markets and heightened regional tensions. Diplomatic efforts continue amidst ongoing…

The Times of India

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Why PM Modi Suddenly Wants Indians to Work From Home

As fuel prices rise and tensions in West Asia continue to grow, Prime Minister Narendra Modi has made an unexpected appeal to Indians work from home whenever possible, avoid unnecessary travel, and use fuel carefully. For many people, it sounded like a reminder from the Covid era. But behind this…

MyLifeXP

PM Modi WFH: Rahul Gandhi slams prime minister's appeals as 'proofs of failure'

Congress leader Rahul Gandhi has strongly criticized Prime Minister Narendra Modi's recent appeals to citizens. Gandhi stated that the Prime Minister's calls for people to work from home and avoid foreign travel are clear indications of failure. He argued that these directives are not advice but rather proof of the…

The Economic Times

Maharashtra CM Fadnavis urges citizens to follow PM Modi's call for responsible fuel use amid West Asia crisis

Maharashtra Chief Minister Devendra Fadnavis supports Prime Minister Narendra Modi's call for responsible consumption. Global conflicts are impacting oil and gas supplies, raising prices. Fadnavis warns that improper fuel use could lead to shortages in India. Prime Minister Modi urged citizens to reduce edible oil consumption and embrace natural farming.

The Economic Times

Woman Rents Car. Then She Redlines It On Purpose: ‘You Are Aware That Rentals Have a Data Logger…’

To any reasonable car enthusiast, there’s an instinctive recoil at the sound of a cold engine running near its maximum RPMs. It’s a situation that provokes alarm and concern as a reflex, even if the vehicle is an unfamiliar one.

Motor1

Venezuela warns of 'serious' environmental impact from alleged oil spill in Trinidad and Tobago

Venezuela said that an oil spill that originated in Trinidad and Tobago has caused serious environmental damage along the coastlines of at least two of its states and in a gulf area near the Caribbean nation

The Independent UK

After Standing Rock, could a canceled mine project offer a roadmap for opponents of a new oil pipeline in South Dakota?

Nine groups in the Sioux Nation say an exploratory graphite drilling project endangered a recognized ceremonial site

The Guardian - US

‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war?

The economic warnings are bleak, but full extent of shortages are still not felt for many European countries

The Guardian - UK

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The Guardian - UK

How to make arancini – recipe

These fried rice balls are the Sicilian equivalent of a sandwich lunch, and can be batch-made in advance. Here is your step-by-step guide …

The Guardian - UK

Saudi Aramco profits jump despite conflict in Middle East

Saudi Arabia’s state oil company’s profits up 26% to £26.9bn in first three months of year

The Economic Times

Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shock

State-owned oil firms are incurring massive daily losses, estimated at Rs 1,600-1,700 crore, to shield Indian consumers from global energy price shocks. This has led to over Rs 1 lakh crore in under-recoveries in 10 weeks, raising concerns about their financial sustainability and the need for potential price hikes.

The Economic Times

FMCG companies bracing for another round of price increases amid inflation

Daily-use products such as soaps, detergents, biscuits, packaged foods and beverages are likely to become costlier as FMCG companies prepare calibrated price hikes amid rising crude oil-linked inflation, higher packaging costs and increasing fuel expenses.

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The Economic Times

Crude oil prices likely to stay higher for longer: ADB Chief Economist

Crude oil prices are set to remain high due to the Middle East crisis. This will affect India's economy, lowering GDP growth in FY27. Inflation is also expected to rise significantly. Weather disruptions and fertilizer costs could further impact food prices. India's reliance on imported oil makes it particularly vulnerable…

The Times of India

‘Missiles, drones locked on US targets’: Iran warns of ‘heavy assault’ after tanker strikes in Gulf of Oman

Iran's IRGC has warned of a "heavy assault" on US military assets and ships if Iranian oil tankers or commercial vessels are attacked in the Strait of Hormuz. This follows US forces disabling two Iranian oil tankers in the Gulf of Oman and an earlier exchange of fire near the…

The Guardian - AU

Oil-based products are everywhere, from fertiliser to fashion. What are the alternatives?

Substituting the petrochemicals that underpin everyday life is challenging, but there are ways to produce what we need without fossil fuels

International Business Times

U.S. Sanctions Nine Chinese and Hong Kong Entities for Arming Iran — Days Before Trump's Summit With Xi

Whether Trump raises the sanctions directly with Xi next week — or whether Beijing uses them as a negotiating chip — may say more about the true state of U.S.-China relations than any summit communiqué.

The Guardian - US

Spiritless summer: Americans feel squeeze of costly fuel amid busy travel season

Soaring oil prices have left many Americans with higher costs and fewer options for travel amid the Iran war

The Guardian - UK

US awaiting response from Iran over proposals for ceasefire deal, says Rubio

Diplomatic efforts continue despite fighting in and around contested strait of Hormuz in recent days

The Guardian - UK

‘We are talking about energy security for Europe’: Norway doubles down on oil and gas production

Norway’s energy minister says country has a ‘responsibility’ to address shortfalls caused by wars in Ukraine and Middle East

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