DIESEL BELOW 6 A GALLON
US diesel below $6 a gallon at 2-month low on easing tensions, weaker demand
US diesel prices have decreased to below $6 a gallon after record highs that persisted for two months. This decline follows easing geopolitical tensions and reduced seasonal demand, which are relieving pressure on fuel markets. The national average retail diesel price recently hit $5.998, down from a peak of $6.519 in late September. Measures by the Trump administration aimed at easing fuel costs provided limited relief amid ongoing supply concerns.
Oil markets stay flush despite tanker attacks
Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said it pumped 10.5 million barrels a day in October, a level reached only once since 2022. Iraq and Kuwait also reported big increases, while the United Arab Emirates is now free of OPEC quotas, allowing it to pump as much as it wants. Gulf shipments nudged lower this week, but remain healthy despite a slew of attacks, according to TankerTrackers.com.
In SUV race, CNG raring to close gap with diesel
CNG is becoming a popular choice among cost-conscious small SUV buyers, surpassing diesel and BEVs in registrations. The demand for CNG vehicles has increased significantly, with manufacturers seeing remarkable sales growth. Maruti Suzuki and Hyundai Motor India are leading the way in CNG SUV offerings and sales. New models are being introduced to meet the rising consumer demand for CNG options.
Global oil market to return to surplus in Q4 2026, larger supply build expected in 2027: IEA
According to the International Energy Agency, the global oil market is set to rebalance by late 2026. Global oil production is expected to recover faster than demand, resulting in a surplus. The demand for oil is projected to decline by 2.7 million barrels per day in 2026. Despite easing crude prices, tight supplies of refined products continue to challenge energy markets.
Bengaluru-Mangaluru-Madgaon Vande Bharat launched: New train takes passengers through Western Ghats & beach towns; check all 13 stops and timings
Bengaluru-Mangaluru-Madgaon Vande Bharat launched: Prime Minister Narendra Modi flagged off the new Yesvantpur-Madgaon Vande Bharat Express on Friday, November 13, connecting Bengaluru with Goa through coastal Karnataka. The train will pass through key destinations, including Hassan, Sakleshpur, Mangaluru, Udupi, Murdeshwar and Karwar. Regular services will begin on November 15. Check the complete route, station-wise timings, schedule and other details.
Delhi’s Diwali pollution started before the fireworks. What five years of action have achieved
Delhi’s air was already severely polluted before Diwali, with average PM2.5 levels in the week before the festival reaching 236 micrograms per cubic metre, nearly double the 2025 level, according to CSE. The findings suggest firecrackers and stubble burning worsen an existing crisis rather than create it, with vehicles, industry, construction, waste burning and pollution from neighbouring NCR districts keeping baseline pollution high.
Indian Overseas Bank revises FD interest rates: 6.75% rate on 444-day deposits, rate cut on 180–269 day FDs
Indian Overseas Bank has revised its fixed deposit interest rates, effective from November 10, 2026. Senior citizens can avail an additional interest rate, as well as super senior citizens.
Two former SpaceX engineers built a 25-pound machine that turns seawater into drinking water at the push of a button; here's how it works
It was co-founded by Jonathan Criss and Andrew Harner. Both are former SpaceX engineers. Criss is the company's CEO, and Harner is the COO. They gained engineering experience at SpaceX, and then applied aerospace-level precision and efficiency to the systems. It was reportedly designed for people who are outdoor enthusiasts, boat owners and living in remote locations.
US crude production to hit record high for fourth straight year in 2026, EIA says
The US Energy Information Administration expects crude production to reach a record 13.9 million barrels per day in 2026, rising to 14.3 million bpd in 2027. Diesel and gasoline prices are also forecast to increase in 2027. Brent crude is projected to average $97 per barrel in 2026 before easing to $86 in 2027.
US gas prices drop after midterm elections as oil falls below $100 - But will the relief last?
Gas prices in the United States have recently seen a welcomed dip, giving consumers a much-needed break from rising costs. This decrease coincided with the aftermath of the 2026 US midterm elections, providing hope for reduced hostilities related to the Iran war. Nonetheless, experts advise caution, indicating that electoral outcomes alone cannot mitigate the complex geopolitical challenges influencing oil supply and prices, particularly with ongoing tensions like the Russia-Ukraine conflict.
Gas prices in the US are nearly half of Europe's: Why are American drivers paying so much less?
American motorists are currently paying much less for fuel compared to drivers in the European Union. The average petrol price in the EU is almost double that of the US, highlighting significant market differences. Higher taxation in Europe contributes to this price discrepancy, making it important for consumers to understand. Diesel costs also reflect a noticeable difference, though the gap is smaller than for petrol.
Nov-Jan ban on non-Delhi vehicles below BS-VI standards to be in force every year
Delhi government plans to ban non-Delhi-registered vehicles below BS-VI emission standards beginning November 1. This ban will continue annually until January 31 to improve air quality. Vehicles using Compressed Natural Gas or electric power are exempted from these restrictions. The transport department is enforcing rules with 250 personnel at key entry points across the city. The Commission for Air Quality Management has implemented emergency measures due to severe pollution levels.
US Midterm Elections: Democrats won Congress. Can they bring gas prices below $4? Here’s what can happen next
Democrats will take control of Congress in January and with U.S. gas prices still above $4 a gallon as of November 4. Their strongest option may be to use spending talks to pressure Donald Trump over the Iran war. Whether drivers see much relief could depend on what happens in the Strait of Hormuz.
US oil prices crash below $90 as JD Vance blames Iran War for GOP election loss: WTI falls to $88.92, Brent drops to $94.82, but will gas prices follow?
Why did oil price crash below $90 today? US oil prices fell sharply after midterm election results indicated Democratic control of Congress. Vice President JD Vance connected the Iran war to the Republicans' defeat, impacting market sentiments. Traders expressed reduced concerns over future military action against Iran, causing a decline in oil prices. While falling US crude inventories typically support prices, the political landscape took precedence for traders.
US to loan about a third of heating oil reserve in bid to tame prices
The US Energy Department will loan 300,000 barrels of fuel oil from its emergency heating reserve to four companies to ease supply pressures and rising prices ahead of winter. The release, nearly a third of the reserve, follows calls from bipartisan senators as Middle East disruptions linked to the Iran war push fuel costs higher.
US Midterm Elections 2026: Gas prices hit record $4.12 per gallon on Election Day as Americans head to polls
Gas prices today: US voters faced record-high fuel prices on Election Day, with average gasoline prices reaching $4.12 per gallon and diesel hitting $6.28. Rising fuel, grocery and housing costs have become key concerns as Americans vote to decide control of Congress, with more than 60 million ballots already cast before polls opened.
India likely to meet FY27 fiscal deficit target despite spending pressures: Goldman Sachs
The Centre appears on track to meet the fiscal deficit target set for FY27. Strong corporate tax collections are offsetting some revenue pressures observed in the first half of the fiscal year. The government's fiscal position improved significantly in September compared to August, aided by higher direct tax revenues. Focused expenditure reallocation will be crucial in achieving the deficit goals.
Trump's oil portfolio up 43% amid Big Oil windfall, pain at the pump
Major oil companies, including ExxonMobil, Chevron, and Shell, reported higher earnings in the third quarter. This comes as the conflict in Iran leads to increased fuel prices for American consumers. Trump's investments in oil and gas stocks have significantly appreciated during this time. More than 94% of his oil stock purchases occurred after the conflict began. Rising fuel prices serve as a crucial issue ahead of the upcoming midterm elections.
US oil companies aim to squeeze more out of refineries as war supply crunch weighs
US oil companies are enhancing refinery capacities and reopening closed plants due to global supply disruptions. ExxonMobil and Chevron reported record profits, attributed to soaring commodity prices and refinery margins. Additionally, ongoing conflicts have severely impacted refining output, particularly in Russia and Iran. Analysts suggest that it may take until next year for supply chains to stabilize.
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