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The Latest Breaking News from Oil

Sensex to hit 89,000? Why Morgan Stanley is betting big on India Inc after 6-quarter slowdown

Morgan Stanley has turned more bullish on India, forecasting the BSE Sensex could rise to 89,000 by June 2027, implying around 15% upside from current levels. Strategist Ridham Desai said India is emerging from a six-quarter earnings slowdown into a stronger growth phase after a “mid-cycle” pause.

The Economic Times

The 'Ice-Cold' Bedroom Scent That Instantly Tricks Your Brain Into Feeling Cooler on Humid May Nights

Certain notes instantly relax your mind and body on hot and clammy nights

Homes & Gardens

Diesel crunch leaves Indian truckers stranded in roadside lines

Truckers across India are facing long waits for diesel as private fuel stations have cut sales or raise prices. State-run companies are struggling with demand, leading to shortages. This situation has impacted the movement of goods nationwide. A modest price increase is expected soon, but it may not fully cover…

The Economic Times

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Market under pressure: IT stocks face long-term headwinds as oil crisis and AI shift weigh on sentiment: Vinit Bolinjkar

Vinit Bolinjkar of Ventura Securities advises selling IT stocks. He highlights market risks from the Hormuz Strait crisis, foreign investor selling, as well as the global AI shift. Bolinjkar sees pressure on IT revenues and margins. He prefers Vodafone Idea in telecom. The consumer sector shows surprising strength this earnings…

The Economic Times

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…

MyLifeXP

Oil prices fall after three-day rally as Trump heads to China

President says he doesn't think he’ll need Beijing’s help to end the US-Israeli war against Iran

The Independent UK

Heat pump sales soar in Germany as gas boiler sales drop. How does the rest of Europe compare?

More than 28 million heat pumps have been installed across Europe, outselling traditional gas boilers in many nations.

Euronews

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Coconut dal, cheesy pickle toasties, carrot halva cakes: Ravinder Bhogal’s tastes of home – recipes

A three-course, south Asian feast: spicy coconut dal, a cheesy vegetable toastie with a knockout pickle, and a fudgy, spicy halva cake to finish

The Guardian - UK

Saudi Arabia launched secret retaliatory airstrikes on Iran during regional war: Report

Saudi Arabia conducted unpublicized airstrikes on Iran in late March, marking the first direct military action on Iranian soil in retaliation for attacks within the kingdom. This shift in approach followed Iranian strikes on Gulf Cooperation Council states, leading to an informal de-escalation understanding between Riyadh and Tehran.

The Times of India

B&G Foods Q1 Earnings Call Highlights

B&G Foods (NYSE:BGS) reported a first-quarter loss as divestiture-related charges weighed on results, while management said the company is making progress reshaping its portfolio toward higher-margin businesses and reducing leverage. On the company’s fiscal first-quarter 2026 earnings call, Chief E

MarketBeat

Sensex rises 50 points, Nifty closes above 23,400 as markets snap 4-session losing streak; metal stocks shine

Indian stock markets ended in the green, with Sensex and Nifty snapping a four-session losing streak. This occurred despite the rupee hitting a fresh lifetime low. Metal stocks surged following a government hike in import duties, while IT stocks saw declines. Midcap and smallcap indices also recorded gains.

The Economic Times

From India to China, a look at what governments worldwide are doing to shield households from rising energy costs

Governments globally are implementing diverse strategies to mitigate soaring energy costs stemming from the U.S.-Israeli war on Iran. Measures include fuel tax adjustments, reserve releases, external financing, subsidies, tax cuts, and energy conservation efforts. Countries are also exploring increased use of domestic resources and alternative energy sources.

The Economic Times

India’s gold import duty hike to 15% may remain for a year, says Senco MD Suvankar Sen

India's higher import duty on gold and silver could impact jewelry demand for a year, Senco MD Suvankar Sen said. Senco Gold predicts volumes may drop 10-15 percent and consumers may opt for lighter jewelry. This move aims to conserve foreign exchange reserves and protect economic stability amid global uncertainty.

The Economic Times

India raises gold import duty back to 15%: What’s behind the move

India has significantly raised import duties on gold, silver, and platinum. This move aims to safeguard the nation's economy and foreign exchange reserves. The government prioritises essential imports like crude oil and fertilisers. This decision reflects a proactive approach to manage external risks.

The Economic Times

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The Economic Times

Oil Price Today (May 13): Crude oil snaps 3-day fall ahead of Trump’s China visit. What are experts saying?

Oil prices dipped after a three-day climb as investors monitored the fragile Iran ceasefire and an upcoming U.S.-China summit. The Strait of Hormuz remains effectively shut, impacting global supply and raising inflation concerns, with analysts warning of further price surges if disruptions persist.

The Economic Times

Dollar near one-week high as hot U.S. inflation fans Fed hike bets, peace talks stall

Global markets felt the heat as a surprising U.S. inflation surge boosted Treasury yields, weakening the euro and sterling. Rising oil prices, fueled by Middle East tensions, further dampened investor sentiment. The U.S. dollar index held firm, reflecting a cautious risk appetite as equity markets lacked upward momentum. Meanwhile, the…

The Economic Times

Gold steady with US-China summit, MidEast developments in focus

Gold prices remained stable in early Asian trade. Investors are awaiting a key U.S.-China summit in Beijing. Developments in the Middle East conflict are also being closely watched. U.S. President Donald Trump commented on the Iran war. Oil prices saw a dip. U.S. consumer inflation increased. India has raised import…

The Economic Times

India’s economic strength defies foreign outflow fears, S&P Says

S&P Global Ratings said India is coping with global financial pressures better than headline data indicate, adding that concerns over foreign investment outflows are overstated. The agency said India has enough buffers to manage a wider current-account deficit caused by rising oil prices.

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The Economic Times

Oil prices slip on teetering Iran ceasefire as Trump heads to China

Oil prices dipped as investors awaited developments on the Iran ceasefire and President Trump's summit with China's Xi Jinping. Brent crude futures fell to $106.95 a barrel, and WTI futures to $101.52. The ongoing conflict and supply disruptions are expected to keep oil prices above $80 for the year.

The Economic Times

Global Market Today: Asian stocks track Wall Street lower on US CPI

Asian stocks declined as US inflation accelerated, influenced by rising oil prices following the conflict in Iran. This prompted an increase in Treasury yields and boosted bets on a Federal Reserve rate hike in 2027. Elevated oil prices and inflation risks now threaten the recent equity rebound, particularly impacting chipmakers.

Axios

Trump faces barrage of Democratic counter-proposals on gas tax

One House Democrat is proposing a 100% windfall tax on oil companies.

Barchart

Cotton Retreats on Tuesday

Cotton futures closed the Tuesday session with front months down 105 to 145 points. The US dollar index was $0.366 higher at $98.190. Crude oil was up $2.83 at $102.05 at the close. The annual USDA Cotton Ginnings report showed a total of 13.539 million RB ginned for the 2025/26...

Barchart

Soybeans Closes with Tuesday Gains USDA Tightens Stocks

Soybeans were in rally mode on Tuesday, with contracts up 10 1/4 to 13 3/4 cents at the close. The cmdtyView national average Cash Bean price was up 14 1/2 cents at $11.61 3/4. Soymeal futures were up $1.20 to $5.10, with Soy Oil futures 85 to 162 points higher....

The Independent UK

What a US gas tax suspension could mean for drivers and the prices they see at the pump

President Donald Trump wants to suspend the federal gas tax to ease financial strain from high fuel prices during the war with Iran

Barchart

Stocks Settle Mixed on Tech Weakness and Inflation Pressures

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.16%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.87%. June E-mini S&P futures (ESM26 ) fell -0.16%, and June E-mini Nasdaq futures...

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