#crude-oil
India Crude Oil Imports Jump 11 % To 5 Million BPD In May , Russian Purchases Rise 23 % Amid West Asia Disruptions
Oil shock fears ease, but $80-$90 crude may be the new normal: Arvind Sanger
Oil prices may remain high for months, according to market expert Arvind Sanger. While extreme price surges are less likely, consumers should prepare for elevated energy costs. Geopolitical tensions and supply chain issues will keep crude firm. India faces …
Fuel price hikes may push retail inflation to 5% by June, say economists
While the Reserve Bank of India is expected to maintain a policy pause in its June meeting, economists believe persistent crude oil prices near USD 95 per barrel could eventually force rate hikes in the second half of FY27
When crude oil prices fell, why did petrol, diesel become more expensive, asks Kharge
Congress leader Mallikarjun Kharge criticized the Modi government for increasing fuel prices. He highlighted that despite a fall in crude oil prices over the past 12 years, petrol and diesel costs have risen significantly. This impacts common citizens through…
Silver rate today drops over 1 % to ₹2 . 72 lakh / kg on MCX on firm dollar , high crude prices amid US - Iran tensions
Adnoc’s Tankers Are Slipping Oil, Gas and Fuel Through Hormuz - Bloomberg.com
Adnoc’s Tankers Are Slipping Oil, Gas and Fuel Through HormuzBloomberg.com Oil Slides as Ships Move Toward HormuzWSJ Oil and LNG tankers exit Hormuz, heading for Pakistan and ChinaReuters More Tankers Make It Through the Strait of HormuzCrude Oil Prices Today…
Rupee gains for third straight session, settles at 95.25 against dollar
The rupee gained 35 paise against the US dollar as easing crude oil prices, RBI comments and hopes of a US-Iran deal boosted sentiment.
Early findings of offshore oil exploration in Andamans indicate hydrocarbon potential: Lt Guv
“Drilling at the Sri Vijaya Puram-2 well by Oil India Limited has revealed a gas find with about 87% methane, as well as a zone likely containing crude oil,” said Lieutenant Governor D K Joshi
Sensex today | Stock Market Highlights: Sensex jumps over 1,000 points as easing crude prices lift Nifty above 24,000
Sensex Today, Nifty 50 | Stock Market Highlights: Indian benchmark indices rallied sharply on Monday, with the Nifty surging 312.40 points, or 1.32%, to close at 24,031.70, while the Sensex jumped 1,073.61 points, or 1.42%, to end at 76,488.96. Market breadth…
Nifty may open with 200-point gain as crude slips sharply
Domestic markets are likely to open strongly higher on Monday as crude oil prices fell sharply on hopeful that Iran and US sign deal is likely to happen soon. Gift Nifty at 23,985 signals that Nifty may open with gains of 200 points. Asian stocks opened shar…
Crude awakening: Chemical companies face margin pressure as oil-linked costs surge amid geopolitical tensions
Rising crude oil prices are pressuring chemical sector margins due to increased feedstock and energy costs. Despite this, the Nifty Chemicals index shows resilience, outperforming the broader market. Analysts remain constructive on the long-term outlook, favo…
Crude above $100 could trigger earnings downgrade cycle: SMC Global CEO
Rising crude oil prices above $100 may lead to earnings downgrades, impacting various sectors while maintaining opportunities in financials and power.
Petrol, diesel price hiked third time in 10 days: Analysts warn of more hikes ahead— how high can rates go?
Petrol and diesel prices rose by up to 91 paise per litre, marking the third increase in less than 10 days. Analysts predict further hikes may be necessary as oil companies face significant losses due to elevated crude prices stemming from the West Asia confl…
Petrol, diesel prices hiked for third time this month on rising crude oil costs
Fuel prices in India have seen another increase, with petrol and diesel rates rising by approximately Rs 0.87 and Rs 0.91 per litre respectively in Delhi. This marks the third hike this month, driven by a surge in international crude oil prices due to Middle …
India-Russia energy ties widen beyond crude to gas, nuclear and petrochemicals
India and Russia are deepening energy ties. Discussions focus on gas supplies and joint ventures for hydrocarbon development. Russia is a key crude oil supplier, with US sanctions waivers continuing. The nations are also exploring LPG purchases and new oil an…
US-Iran war impact on India so far: Some important charts
With supply concerns mounting, crude oil prices have surged beyond the $100-per-barrel level, compared to nearly $70 before the conflict escalated. Brent crude, remaining above $111 per barrel, has triggered wider effects across fuel prices, currencies, trade…
That sinking feeling: Rupee@100 is a mental fear, not macro nightmare
The rupee is under strong pressure due to rising global crude oil prices driven by Middle East tensions, briefly hitting an all-time low of 96.96 against the US dollar before recovering slightly with central bank support.
Crude oil prices could hit $200 per barrel if Strait of Hormuz remains closed: Report
A prolonged closure of the Strait of Hormuz could push crude oil prices to as high as $200 per barrel and trigger a global recession, according to a Wood Mackenzie report.
All arms of govt working together to stabilise Rupee, several measures under consideration: Piyush Goyal
The rupee has faced pressure recently due to rising crude oil prices, high global bond yields, foreign fund outflows, and geopolitical tensions
RBI rate hikes to start in June, says Standard Chartered
RBI rate hike: Economists at Standard Chartered anticipate India's central bank will begin raising interest rates as early as June due to escalating inflation risks from higher crude prices. They predict 50 basis points of hikes, split between June and August…
Crude market caught between diplomacy and disruption: Peter McGuire
Global crude oil markets experienced sharp volatility as traders reacted to shifting signals regarding potential Iran ceasefire negotiations. While initial optimism emerged from President Trump's statements, the absence of a formal response from Iran and Isra…
Crude market caught between diplomacy and disruption: Peter McGuire
Global crude oil markets experienced sharp volatility as traders reacted to shifting signals regarding potential Iran ceasefire negotiations. While initial optimism emerged from President Trump's statements, the absence of a formal response from Iran and Isra…
India oil prices: Gita Gopinath warns of $140 crude, fuel hikes and inflation, but says rupee at 100 no worry
As the West Asia conflict drags on Gita Gopinath warns India may face sharper fuel hikes rising inflation and a weaker rupee while arguing the country still has enough economic strength to avoid panic
Rupee under pressure; crude oil, bond yields and dollar strength create perfect storm: Naveen Mathur
The Indian rupee is facing intense pressure due to rising crude oil prices, a strengthening dollar, and widening deficits. The Reserve Bank of India has actively intervened, depleting foreign exchange reserves to manage volatility rather than defend a specifi…
Two Supertankers Exit Hormuz With Crude Bound for China
Two supertankers loaded with crude oil exited the Strait of Hormuz today and are heading to China, Reuters reported, citing data from LSEG and Kpler. The vessels are carrying Iraqi and some Qatari crude, loaded in late February and early March. The cargoes we…
India markets outlook: Varun Goel sees opportunity in 4 sectors amid geopolitical tensions
Indian equity markets are in a rangebound phase, presenting opportunities for investors. Strong macroeconomic fundamentals support a positive outlook. Sectors like solar, wind, EV, and durable consumption show growth potential. Crude oil prices are expecte…
Rupee slumps to new low; rising import bill stokes inflation fears
The Indian Rupee reached a new record low against the US Dollar on Tuesday. Elevated crude oil prices and the ongoing conflict between the US and Iran impacted the currency. Concerns over India's rising import bill and potential inflation fueled demand for do…
BPCL Turns to Spot Crude as Iran Conflict Disrupts Term Supplies
India’s Bharat Petroleum Corp. Ltd. has largely shifted to making spot crude purchases as the Iran war upends annual arrangements for Middle Eastern barrels, highlighting challenges for refiners to secure supplies.
Rupee hits fresh record low of 96.61 against Dollar amid crude, trade deficit pressures
Jateen Trivedi said that market participants continue to prefer dollar buying and rupee selling as a hedge against ongoing volatility, projecting a near-term trading range of 96.25–97.00 for the rupee
Rupee hits record low, crude bites; Nifty ends flat as IT rescues the day
The Sensex closed at 75,200.85, down 114.19 points or 0.15%, while the Nifty shed 31.95 points or 0.14% to settle at 23,618