Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

YOU WONT BELIEVE: 8 - You Need To See This

Bharat Petroleum reviewing oil imports daily, spot buying more amid Iran war, chairman says

India's Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting its import strategy. The state-run refiner is running at 115% capacity, with Russian oil discounts narrowing significantly. Despite recent price hikes, BPCL continues to face losses on diesel and petrol sales.

The Economic Times

India’s rising oil imports push trade deficit into risky territory: Crisil

India’s oil trade deficit is expected to widen significantly in FY27 due to rising crude oil prices and weakening petroleum exports, according to a report by Crisil. The report warned that India’s heavy dependence on imported crude could put added pressure on the country’s external finances, with the current account…

The Economic Times

Oil falls over 2% as Trump holds off scheduled attack on Iran

Oil prices dipped as President Trump paused an Iran attack for talks, easing immediate tensions. Brent and WTI futures saw declines. Analysts are watching for a genuine de-escalation or a tactical pause, with Iran's response and Strait of Hormuz tanker movements being key. Sanctions waivers and U.S. Strategic Petroleum Reserve…

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

Adani Enterprises resolves US Treasury sanctions case with $275 mln settlement after 'proactive' disclosure, cooperation

Adani Enterprises has agreed to a $275 million settlement with the US Treasury. This resolves potential civil liability for 32 apparent violations of US sanctions on Iran. The company bought liquefied petroleum gas from a Dubai trader. This gas had actually originated from Iran. Separately, the US Securities and Exchange…

The Economic Times

India buying Russian oil irrespective of US sanctions waivers, Indian official says

India has consistently purchased Russian oil, irrespective of U.S. sanctions waivers, according to a petroleum ministry official. The decision is driven by commercial sense, with ample crude supply secured. This purchasing strategy remains unaffected by any waiver status.

The Economic Times

Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes…

The Economic Times

Marathon Petroleum Stock Outlook: Is Wall Street Bullish or Bearish?

As Marathon Petroleum has outperformed the broader market over the past 52 weeks, Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.

Barchart

Read news from The Economist, FT, and more,
with one subscription

Evolution Petroleum Q3 Earnings Call Highlights

Evolution Petroleum (NYSEAMERICAN:EPM) management said fiscal third-quarter 2026 results were pressured by temporary items, including weather-related downtime, weak regional natural gas pricing and a one-time transportation adjustment at Delhi, while emphasizing that the company expects a stronger f

MarketBeat

Shorting OXY Puts Is Working - Especially if Oil Keeps Rising

Occidental Petroleum's stock has mirrored the recent rise in oil futures, as seen in the June 26 WTI futures contract. One profitable way to play it is to sell short out-of-the-money (OTM) OXY put options.

Barchart

The Great SPR Arbitrage: An Oil Market Glitch Fuels Sector Gains

A historic market dislocation is creating an arbitrage window for refiners Valero Energy and Marathon Petroleum and integrated energy firm ExxonMobil.

MarketBeat

Quote of the day by Simone Weil: 'Petroleum is a more likely cause of international conflict than...' – French philosopher and mystic's warning on global conflict, power, energy politics and how oil drives war and the economy

Quote of the day by Simone Weil: Simone Weil's observation that petroleum is a more likely cause of international conflict than wheat highlights its critical role in modern economies and geopolitical power. The current Iran conflict demonstrates this, with disruptions in the Strait of Hormuz impacting global oil supply, driving…

The Economic Times

India, UAE set to ink energy pacts on LPG and strategic oil reserves on Friday

Prime Minister Narendra Modi embarks on a significant visit to the UAE and four European nations. Key agreements on energy security with the UAE are expected. The tour includes discussions on trade, investment, and strategic partnerships with the Netherlands, Sweden, Norway, and Italy. This trip aims to deepen India's global…

The Economic Times

India, UAE likely to sign pacts on LPG, Strategic Petroleum Reserves during PM Modi's UAE visit: Sources

Prime Minister Narendra Modi's upcoming visit to the United Arab Emirates will highlight energy security. Two significant agreements on Liquefied Petroleum Gas and Strategic Petroleum Reserves are anticipated. This cooperation is vital as the UAE exits OPEC+. The visit aims to strengthen bilateral ties and promote trade and investment. The…

The Economic Times

HPCL Q4 Results: Net profit jumps 46% YoY to Rs 4,902 crore; Rs 19.25/sh dividend declared

Hindustan Petroleum Corporation Limited (HPCL) reported a significant 46% surge in standalone net profit to Rs 4,902 crore for the fourth quarter of FY26. The oil marketing giant also announced a final dividend of Rs 19.25 per share. Standalone total income saw a 4.5% year-on-year increase to Rs 1.24 lakh…

The Economic Times

Get all your
news in one place.

100's of premium titles.
One news app.

MyLifeXP

Why Experts Fear India’s Toughest Economic Phase Yet

A single statement from banker Uday Kotak has suddenly sparked fear across India’s business and financial circles. “The shock is coming,” he warned while speaking about the growing Iran conflict and India’s dangerous dependence on imported oil. At first, it sounded like just another economic caution. But when India’s top…

Fortune

Japanese snack giant resorts to black-and-white bags of potato chips as Iran War literally sucks color out of the world

Japan gets 70% of its total imports of naphtha, a petroleum-based material used in printing inks, from the Middle East.

The Independent UK

Japan’s biggest crisp-maker swaps colourful packaging for black-and-white as Iran war triggers shortages

Shortages of petroleum-based printing materials push multiple products into grayscale packaging

Barchart

Are Wall Street Analysts Predicting Occidental Petroleum Stock Will Climb or Sink?

Occidental Petroleum has lagged the broader market over the past year, and Wall Street analysts continue to maintain a cautious outlook on the stock’s near-term prospects.

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

LANXESS inks pact with HPCL to sell aviation, industrial lubricants in India, SAARC region

Speciality chemicals firm LANXESS has signed an agreement with Hindustan Petroleum Corporation Limited HPCL to market aviation and industrial lubricants in India and the SAARC region. The partnership aims to provide advanced lubricant solutions.

AAP

Small beer: revenue from gas export tax set to plummet

The petroleum resource rent tax is projected to raise $1.85 billion less in revenue than the beer excise by 2029/30, heaping pressure on Labor to tweak the tax.

The Economic Times

Petroleum coke shortage may hit aluminium production outside Gulf too: JP Morgan

Global aluminium production faces potential disruptions beyond the Gulf due to worsening petroleum coke shortages, a key raw material. JPMorgan Chase & Co. reports that a prolonged Strait of Hormuz closure could impact producers worldwide, potentially leading to operational challenges and production cuts. The market is already experiencing supply issues,…

MarketBeat

Marathon Petroleum Q1 Earnings Call Highlights

Marathon Petroleum (NYSE:MPC) reported stronger first-quarter 2026 results, with management pointing to improved refinery reliability, elevated refining margins and a favorable supply-demand backdrop shaped in part by geopolitical disruptions in the Middle East. On the company’s earnings call, CEO

The Economic Times

US releases another wave of emergency oil as gas prices bite

The US has awarded 53.3 million barrels from its Strategic Petroleum Reserve to firms including Trafigura, Marathon Petroleum and Exxon Mobil as part of efforts to cool oil and fuel prices amid the Iran war. Trafigura received the largest share of nearly 13 million barrels. The oil will be released…

The Economic Times

Observe and shock absorb: To ride out this oil crisis, focus should be on well-targeted support, not broad price suppression

India is navigating a critical oil import challenge. The government's approach of keeping fuel prices steady faces fiscal and equity questions. Experts suggest a move towards targeted aid for the needy instead of broad price cuts. Building strategic reserves and accelerating renewable energy adoption are crucial long-term steps to reduce…

MarketBeat

Anadarko Petroleum Q1 Earnings Call Highlights

ARKO Petroleum Corp. reported stronger first-quarter 2026 results, with management pointing to fuel-margin discipline, wholesale growth and the company’s post-IPO balance sheet as key factors supporting its outlook. Chairman, President and Chief Executive Officer Arie Kotler said adjusted EBITDA ro

1 … 7 8 9 10

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Securities and Exchange Commission

191 stories

Adani Enterprises

144 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

the United Arab Emirates

495 stories

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.