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Recent fuel price hikes have ignited debate over oil marketing companies' (OMCs) profits amid the Middle East crisis. Despite a reported Rs 77,821 crore profit for FY26, a closer look reveals thin margins, past losses, and a lag in reflecting current crude price impacts. These profits are crucial for investments and national energy security.

Wall Street neared record highs as falling crude oil prices eased inflation concerns, boosting investor sentiment. Major indices saw gains, with technology and retail stocks performing well. However, oil and gas companies faced pressure, while Treasury yields declined amid reduced inflation worries.

They are today the drivers of the country’s services exports and GDP growth; they are doing cutting-edge tech work; India needs a GCC policy to make them catalyse our educational and research institutions, and our deeptech startup ecosystem

But Delhi policy wonks just don’t get it. These centres today are drivers of services exports & GDP growth. Now, India needs a policy to make them catalyse our educational, research, and deep-tech ecosystem

Russian gold miners in 1890 unearthed the Shigir Idol, a 12,100-year-old wooden statue in the Ural Mountains. This astonishing find, preserved in a peat bog, predates the Egyptian pyramids and Stonehenge, challenging historical beliefs about early human artistic and spiritual capabilities. Its intricate geometric carvings may represent an ancient coded message.

Nelly Korda continues her reign as a golf superstar. She has secured major titles and Olympic gold. Her career highlights include multiple LPGA Tour victories. In 2026, Korda dominated the chevron Championship, adding another major to her impressive collection. She also regained the world number one ranking. Korda's consistent performance solidifies her position as a leading figure in women's golf.

Microsoft is reportedly scaling back its hourly clean-energy matching goal due to rising energy demands from AI and cloud infrastructure. The company faces mounting power needs and financial pressures from data center expansion, leading to a re-evaluation of its ambitious "100/100/0" target.

Global oil inventories are rapidly depleting due to the Iran war disrupting crude flows from the Persian Gulf, leading to concerns of price spikes and shortages. Asia faces immediate pressure, with some nations potentially experiencing shortages within a month as reserves hit multi-year lows. Strategic reserves are being deployed, but this further weakens the global safety buffer.

Venezuela's crude exports surged 14% to 1.23 million barrels per day in April, reaching their fastest pace in over seven years. This increase, driven by demand from the US, India, and Europe, follows a US agreement that softened sanctions, allowing major trading firms and partners to resume lifting Venezuelan crude.

Citroen Racing has unveiled its GEN4 livery, which will join the championship next season. However, the current red-and-black design is only temporary, with the final livery yet to be revealed. The team said the finished design will reflect its colours and French heritage when it is officially unveiled on track next season.

US President Trump's second term prioritizes oil, leveraging energy dominance for global influence. Campaign funding from oil interests aligns with policies boosting domestic production and easing regulations. Sanctions on rivals and geopolitical events like the Hormuz crisis engineer demand for American exports, impacting nations like India and reshaping global energy markets.

A nearly 50-day Iran war has crippled global oil markets, removing over 500 million barrels and costing $50 billion. This unprecedented energy shock, impacting Gulf producers severely, could have long-lasting effects. While the Strait of Hormuz has reopened and a ceasefire is anticipated, a full recovery for energy supplies is expected to be a slow, multi-year process.

Global markets surged Friday as easing West Asia tensions spurred a broad risk rally. Wall Street benchmarks hit record highs, led by small-cap stocks, as falling oil prices boosted confidence. Investors anticipate an end to the conflict, with US President Trump expressing optimism for a swift resolution and a deal on uranium.

Indian markets opened with caution. Global markets saw a dip on Monday. This was due to the breakdown of US-Iran peace talks. Geopolitical worries resurfaced. A US military blockade added to the pressure. Oil prices surged above $100. This impacted financial stocks. Energy stocks saw gains. Investors moved towards safer assets.

chevron has sweetened its offer to Atlas Energy's shareholders and will pay an additional 10 cents a share to settle a court case against the $3.2 billion deal, a development that leaves Reliance Industries (RIL) with limited choices.