Oil Prices

Dharmendra Pradhan urges fast-tracking of ₹8,743 cr Chandikhol SPR

Union minister flags energy security risks amid West Asia tensions; project expected to boost reserves and add over seven days of crude cover

Optimism for Gulf oil is premature: India must boost domestic output now

Weaponising trade chokepoints has fragmented global markets like crude oil, leading to sharp regional price variations

In an interconnected world, war's costs spiral far beyond just borders

Interestingly, while the ongoing conflict has serious implications for the smaller oil-importing Asean economies, China may stand to benefit for several reasons

Brent tactically bullish, structurally volatile in short-term, says analyst

Mohammed Imran, research analyst at Mirae Asset Sharekhan, maintains the Q2 2026 Brent target of $110/bbl and WTI at $100

Global stocks bounce, oil prices retreat on Iran war ceasefire reports

S&P 500 futures rose 0.9 per cent in the Asia morning, European futures ​lifted 1.2 per cent and Brent crude futures fell about 6 per cent to $98.30 a barrel

Mkts rebound as US pauses Iran strikes; gains capped as oil recoups losses

Indian equities rallied after the US delayed strikes on Iran, but gains were capped by elevated oil prices and continued uncertainty around the conflict

Reliance buys 5 million barrels of Iranian oil after US waiver: Report

The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil already at sea

An opportunity in a crisis: Oil import dependence needs urgent policy fix

The ongoing oil crisis risks becoming a lost opportunity unless the government outlines a clear plan to reform exploration policies and boost India's domestic crude oil output

Fallout of West Asia war: India must prepare to minimise the damage

The war is in its fourth week and has already affected several countries, including India. The impact is being felt through different channels, though macro indicators may not capture everything

Oil prices plunge; two Indian LPG tankers cross Strait of Hormuz

Oil prices dropped sharply after Trump paused Iran strikes, while Indian LPG tankers crossed the Strait of Hormuz amid supply concerns and disruptions in West Asia

West Asia war, fresh US trade probes fuel market volatility: RBI bulletin

The conflict in West Asia and fresh trade investigations by the US have resulted in increased volatility in the global markets, the RBI bulletin said on Monday. India's foreign exchange reserves remain adequate to provide a cushion against external shocks, said an article on the state of the economy published in the bulletin. The second advance estimates of GDP for 2025-26 indicate sustained resilience of the Indian economy, it noted. "High-frequency indicators signal towards economic activity gaining momentum in February," the article said. It further said CPI headline inflation picked up in February on account of food and beverages. System liquidity has remained comfortable, and the total flow of financial resources to the commercial sector rose, with a rise in financing from both the bank and non-bank sources, it added. The central bank, however, said views expressed in the article are those of the authors and do not represent the views of the Reserve Bank of India.

Mkts brace for more turbulence as Iran war shows no signs of de-escalation

Escalating conflict, rising oil prices and rupee pressure likely to keep markets volatile as investors turn cautious amid global uncertainty

Trump's America a historical problem: Global impact, zero accountability

Conflicting signals from Donald Trump on the Gulf war unsettle markets, drive oil volatility, and expose deeper global economic imbalances and geopolitical risks

Oil prices set to rise further Monday as West Asia crisis escalates

Iran warned it would attack US-linked infrastructure, including energy and desalination facilities in the Gulf, if Trump carried out his threat

IEA suggests work from home, avoid air travel amid rising energy costs

Agency outlines measures such as remote work, reduced travel and public transport use to ease demand as oil prices surge amid West Asia conflict

IEA urges work-from-home, less air travel to ease oil shock amid Iran war

The International Energy Agency (IEA) has advocated a set of immediate demand-side measures, including work-from-home, lower speed limits, and reduced air travel to cushion the impact of a historic global oil supply shock triggered by disruptions in the Middle East. Oil prices spiked to over USD 100 per barrel after the US and Israel attacked Iran and Tehran's sweeping retaliatory actions. For India, which imports about 88 per cent of its crude oil needs, the surge in global prices poses a significant macroeconomic risk -- widening the current account deficit, pressuring the rupee, and increasing fuel costs for households and businesses. While petrol and diesel prices have so far not been increased, cooking gas LPG rates have been hiked by Rs 60 per cylinder. "The conflict in the Middle East has created the largest supply disruption in the history of the global oil market, due to the near halt in shipping traffic through the Strait of Hormuz," IEA said in a new report. Some 15 mill

Oil surges to $108 per barrel amid West Asia war; India denounces strikes

To secure supplies, 13 tankers carrying around 3.5 lakh tonnes of LPG are currently headed from the US to India

Indices see worst fall in 21 months as crude shock triggers selloff

Indian equities tumble as crude oil prices spike amid West Asia tensions, fuelling fears of inflation and slowing growth, with indices logging their sharpest fall in nearly two years

Brent crude hits $115 after Iran attacks energy facilities in West Asia

Qatar's state oil and gas company said the Ras Laffan Industrial City, an energy-industry hub, had suffered "extensive damage" after it was hit by Iranian missiles

Petrol dealers may face cash crunch as OMCs seek advance payments

Dealers warn of reduced fuel orders as refiners end credit supply amid losses on petrol and diesel sales with retail prices unchanged