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YOU WONT BELIEVE: 28 | Mind Blowing Facts

Shell boosted by oil price spike due to Iran war — but gas production takes a hit

Ongoing conflict in the Middle East has impacted gas production output from Qatar

The Independent UK

Global Market: Asian refiners turn to cheaper Gulf oil despite Saudi price cuts

Saudi Arabia significantly reduced crude oil prices for Asian buyers this month. Rival Gulf producers are offering better value and deeper discounts to attract customers. Higher transportation costs from within the Persian Gulf also reduce Saudi crude's appeal. Weak demand across Asia, especially in China, further impacts Saudi oil sales.

The Economic Times

Global oil market weathers Iran war shock, but reserve depletion raises future price risks

The global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts warn that depleted strategic reserves, damaged energy infrastructure and unresolved tensions around the Strait of Hormuz have left the market more vulnerable to future oil price spikes.

The Economic Times

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One attack, one warning: The world's energy lifeline is still vulnerable

An attack on a Qatari LNG carrier in the Strait of Hormuz has raised concerns. This incident suggests ongoing threats to commercial shipping in the vital waterway. Energy markets may face potential repeated disruptions rather than widespread conflict fears. The dispute over Hormuz control remains unresolved, impacting global energy supplies.

The Economic Times

Shell sees boost from oil price spike amid Iran war, but gas production hit

Shell’s PearlGTL site in Qatar stopped production in March after being hit during attacks.

Evening Standard

Saudi Arabia mulls big new plan, eyes post-war oil route reset to bypass volatile Hormuz

Saudi Arabia is considering expanding its crude oil pipeline capacity. This move aims to bypass the Strait of Hormuz for exports. Neighbouring countries like Kuwait are also in talks for pipeline access. The expansion could accommodate an additional two million barrels daily.

The Economic Times

A Native American tribe once relied on oil and gas; now its desert land will help power Meta’s new data center

The Ute Mountain Ute Tribe is developing a large solar project. This initiative will supply clean energy to a new Meta data center. The project marks a significant shift from the tribe's oil and gas revenue. Renewable energy developers face policy uncertainties and permitting challenges. The tribe secured approvals before…

The Times of India

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The likely loser in Gulf's post-war race for oil market share

United Arab Emirates is leading oil producers in a fierce market share battle. Saudi Arabia and other Gulf nations are increasing exports significantly. Exporters are offering steep discounts to attract buyers for their surplus crude. This aggressive push has weakened oil prices and challenged OPEC's authority.

The Economic Times

Global Market: Euro zone inflation risks persist despite oil price retreat, ECB's Schnabel warns

ECB Executive Board member Isabel Schnabel said the euro zone economy has not returned to pre-war conditions despite lower oil prices, citing persistent core inflation, energy market risks and supply chain pressures. Her remarks suggest policymakers remain cautious on inflation, while another ECB official struck a more optimistic tone on…

The Economic Times

Fuel on the fire: why oil companies are profiting as the world gets dangerously hot

The scientific consensus is that burning fossil fuels drives the climate crisis, yet the world’s biggest oil companies are planning to increase production

The Guardian - UK

Three tankers hit in latest attacks in the Strait of Hormuz, British military says

Three tankers were struck in the Strait of Hormuz on Tuesday, the British military said, in a sharp escalation of attacks on commercial shipping through the vital waterway at the mouth of the Persian Gulf.

France 24

India bond rally pauses ahead of state debt sale

Indian government bonds traded range-bound early Tuesday, pausing a three-session rally. Traders awaited a large state-debt auction, which will sell bonds worth 213.50 billion rupees. Oil and U.S. Treasury yields trading sideways provided no fresh directional triggers for the market. Sustained foreign buying is expected to continue underpinning sentiment in…

The Economic Times

Vedanta Iron and Steel, Vedanta Aluminium, 2 other stocks drop up to 5%. What’s spooking investors?

Recently listed Vedanta stocks experienced a significant decline on Tuesday morning. Vedanta Iron and Steel shares surged sharply after a substantial investment by Premji Invest. This smallcap counter saw its market capitalization more than double before the rally lost momentum. Vedanta Aluminium shares dropped despite reporting record quarterly production figures.…

The Economic Times

Rupee rises 15 paise to 95.28 against US dollar in early trade

The Indian rupee gained fifteen paise against the US dollar in early trade. Saudi Arabia's significant slash in August crude oil prices for Asia improved market sentiment. Lower Middle East risk premiums and improved supply conditions contributed to the rupee's appreciation. Meanwhile, domestic equity markets saw an upward trend with…

The Economic Times

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The Economic Times

India's fuel consumption drops 3.7% in June from previous month

India's fuel consumption fell approximately 3.7% in June from the previous month. Liquefied petroleum gas consumption saw a significant year-on-year decrease of over fourteen percent. Gasoline sales were down month-on-month but showed annual growth, while diesel consumption rose annually. Naphtha sales experienced a substantial year-on-year drop, and fuel oil usage…

The Guardian - UK

Russian cities feel the pinch amid worsening fuel shortages

Ukraine’s drone and missile campaign on oil infrastructure has brought impact of war to citizens of Moscow and elsewhere

The Economic Times

Market wrap: Sensex drops 104 points, Nifty closes below 24,400 as market snap 4-day gaining streak

Indian stock markets closed lower on Tuesday, ending a four-day gain. Weak global cues and rising oil prices impacted trading sentiment negatively. Foreign investors remained net buyers, providing some support to the market. IT stocks surged significantly, while broader markets experienced declines. Analysts anticipate an uptrend driven by economic growth…

Euronews

Oil tanker hit by 'unknown projectile' in Strait of Hormuz, British military says

Iranian state television said a liquified natural gas tanker came under attack Tuesday in the Strait of Hormuz off Oman after ignoring warnings, implying Tehran carried out the assault on a tanker it said was carrying natural gas from Qatar.

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The Economic Times

Oil Price Today (July 7): Crude oil snaps 2-day fall as projectile hits tanker in Hormuz. Where are prices headed?

Brent crude futures rose 28 cents, or 0.39%, to $72.29 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 29 cents, or 0.26%, to $68.84 a barrel. Both benchmarks had settled close to their pre-Iran war levels on Monday.

Times Life

The Exact Skincare Routine for Indian Women in Their Thirties That Actually Works

What Changes in Your Thirties and Why Your Old Routine Stops WorkingSkin cell turnover slows significantly after thirty. A study published in the British Journal of Dermatology found that epidermal turnover rate declines by roughly 28% between the ages of thirty and forty, which means dead cells sit on the…

The Economic Times

Oil prices gain as focus shifts to supply recovery and demand

Oil prices saw slight gains Tuesday as traders focused on supply increases. Traders are looking beyond Middle East tensions to demand prospects. The United Arab Emirates increased crude output significantly in June. Saudi Arabia also cut its August crude selling price to Asia. Market watchers await demand response, especially from…

Times Life

Punjab's Real Food Trail: Villages, Street Cuisine and Authentic Flavours Beyond the Highway Dhabas

The Amritsar Nobody PhotographsThe tourist version of Amritsar ends at the Golden Temple langar and a plate of kulcha from a restaurant on Lawrence Road. The real food trail starts at Katra Jaimal Singh bazaar at 7 in the morning, where a man named Pappu has been ladling paye ki…

The Times of India

Oil tanker hit at Hormuz: US accuses Iran of attacking 2 commercial ships, mulls counter strike

An oil tanker caught fire after being struck by an "unknown projectile" while transiting the Strait of Hormuz off the coast of Oman, British maritime authorities said on Tuesday, in an incident that has heightened tensions in one of the world's most critical energy shipping routes.

The Economic Times

D-St set for a positive opening as GIFT Nifty signals firm start

Indian equity markets concluded Monday's trading session on a higher note. The Nifty index experienced a gain of 0.7 percent during the day. Market participants are now anticipating the upcoming Q1FY27 earnings season. Analysts expect gradual market gains supported by stable oil and rupee. Foreign and domestic institutional investors showed…

The Economic Times

Stocks in news: RIL, Trent, Titan, Cochin Shipyard, Nestle, Indian Oil

Markets extended their winning streak on Monday, supported by encouraging quarterly business updates. Reliance Industries received an administrative warning from Sebi regarding insider trading allegations. Trent and Titan reported strong revenue growth in their respective June quarter results. The government will sell a stake in Cochin Shipyard through an offer…

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