Global oil price surge

Brent Crude Reclaims USD 100 Per Barrel As West Asia Tensions Push Oil Prices Higher

Oil Crosses $100 A Barrel Amid Fresh Middle East Tensions

The prospect of higher oil prices also raises the prospect of higher inflation

Oil Prices Tumble 7%, Global Markets Rally As China's CXMT Surges 466% In Shanghai Debut

Oil prices fall to one-week low as hopes of US-Iran breakthrough ease supply concerns

Oil prices extended losses as diplomatic talks eased supply disruption concerns. Brent crude futures and WTI crude touched their lowest levels since July. The Caspian Pipeline Consortium resumed oil loadings after a suspension. However, Middle East supply disruption fears persist amid drone attacks. US crude inventories likely declined while distillate stockpiles increased.

Crude Oil Prices Down 1.7% As US-Iran Diplomacy Hopes Ease Market Concerns

Crude prices climb over 4% as Middle East tensions, inventory draw fuel supply fears

Oil prices rebounded sharply on Wednesday due to renewed Middle East tensions. Concerns over global crude supplies and lower US inventories supported the market. Military developments in the region and air strikes on militant targets heightened worries. Shipping companies operating in the Gulf remain on alert amid fears of attacks. Expectations of OPEC+ pausing production increases also lent support to prices.

Oil Prices Surge Over 4% As Middle East Tensions Revive Supply Fears

High oil prices could hit India's fiscal health

A sustained rise in global crude oil prices could make it more expensive for India to manage its finances and external trade balance, the finance ministry has warned, flagging the risk that higher energy costs could once again put pressure on the country's fiscal deficit and current account.In its July Monthly Economic Review, the ministry said India's economy remains on a strong footing, but a prolonged increase in crude oil prices could emerge as a key risk amid continuing geopolitical tensions in West Asia.Also Read: Indian economy shows recovery despite global uncertainties, private invest

Oil prices jump over 7% as Middle East chaos flares up, brent crude back at $90

Oil prices surged over seven percent on Wednesday amid renewed Middle East military actions. This rally was also supported by industry data showing a drawdown in US crude inventories. Renewed strikes involving the United States and Iran-backed groups reignited supply concerns. Disruptions continued to affect shipping through the Strait of Hormuz and Bab el-Mandeb. Analysts expect oil prices to remain volatile in the near term due to ongoing conflict.

Crude prices retreat as oil continues flowing through Hormuz alternatives

Oil prices declined on Thursday after a significant rally the previous day. Crude oil continued to move out of the Middle East despite escalating conflict. Shipping activity indicated that oil supplies were still finding routes out of the region. Military actions intensified with US-Saudi strikes targeting Iran-backed forces in Iraq. Saudi Arabia is reportedly assembling a coalition to protect Red Sea shipping from Houthi attacks.

India seeks sunflower oil alternatives

India, the world’s top sunflower oil buyer, is rushing to secure supplies of alternate vegetable oils as attacks in the Black Sea region disrupt imports and its own crops falter due to weak monsoon rains.With shipments from top producers Russia and Ukraine facing delays of up to 60 days and prices rising, according to traders, the country is turning to South American suppliers and to rival oils like palm and soy to plug the import gaps. Attacks in the Black Sea are “definitely affecting us,” said Mannan Khan, director of MK Agrotech Pvt. Ltd., a vegetable oil importer and distributor in the so

US refining oil at max pace, but still not enough

Japan Cuts FY27 Growth Forecast to 0.9% As Oil Costs Hit Economy

Oil Prices Ease By Over 1% As Strait Of Hormuz Traffic Improves

Indian companies are about to raise prices

India’s largest consumer companies are gearing to raise prices on products from toothpaste to tires and paint ahead of the festival season and for the second straight quarter, as the prolonged Middle East conflict drives up commodity costs and threatens to keep inflation elevated.Hindustan Unilever Ltd. will have measured price increases over the coming quarter in categories including detergents and dishwashing bars. At least seven other companies, from Dodla Dairy Ltd. and Asian Paints Ltd., also plan to raise prices, according to their post-earnings calls and media briefings.“Given the exter

Indian Oil ramps up spot crude purchases as Middle East disruptions hit supplies

Indian Oil Corporation has significantly increased its spot crude purchases to nearly eighty-four percent. This strategic shift occurred after Middle East supply routes faced disruptions. The company also diversified imports from West Africa and Latin America. Despite higher crude costs, Indian Oil reported its highest-ever first-quarter crude throughput. Fuel sales and market share saw notable increases during the period.

OPEC+ agrees September oil hike

LONDON, - OPEC+ approved an oil production quota increase on Sunday of around 188,000 barrels per day from September, the producer group said, in ‌a move that ⁠completes the unwinding ⁠of a layer of voluntary output cuts.Due to export disruptions from the Gulf, Russia and Kazakhstan caused by the Iran and Ukraine wars, ​successive monthly OPEC+ hikes over most of this year have remained largely on paper with little impact on the market.The September ​increase agreed by core OPEC+ members - Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman - finishes the phased rollback of a 1.65

OPEC+ Approves September Oil Output Hike Amid Middle East Tensions And Supply Uncertainty

Oil jumps 20% in July as US-Iran war escalates

Saudi oil heads to India as Mideast tensions rise

Oil tumbles over 6% as Trump's Iran talks revive hopes of easing Middle East tensions

Oil prices dropped significantly as United States and Iran negotiations offered hope for de-escalation. Uncertainty surrounds these talks and ongoing security risks persist along vital shipping lanes. Brent crude futures experienced a sharp decline after President Trump announced potential discussions with Iran. This followed a substantial rally last month fueled by renewed conflict and tanker attacks.

Oil's war trade runs out of fuel, slumps 5%

Oil prices dropped by more than $4 a barrel on Monday after U.S. President Donald Trump refrained from launching a fresh attack on Iran and instead signalled a willingness to pursue a quick agreement aimed at ending Tehran's nuclear ambitions and reopening the Strait of Hormuz.Crude oil price on August 3Brent crude futures fell $4.37, or 5%, to $83.56 a barrel, while U.S. West Texas Intermediate crude declined $4.63, or 5.5%, to $80 a barrel.The sharp decline followed a strong rally last month, when both contracts had gained more than 20% after fighting between the U.S. and Iran resumed. Conce

Crude Oil Prices Plunge Over 5% As Trump Returns To Negotiation Table With Iran

MCX Crude Oil Futures Plunge Over 7% To Nearly Three-Week Low As US-Iran Talks Ease Global Supply Fears

Trump hails Chevron, urges lower retail oil prices

Oil rebounds from three-week low as Hormuz tensions keep supply fears alive

Oil prices saw a modest recovery on Tuesday after a significant decline. Benchmark Brent crude climbed to $84.26 and WTI crude reached $80.75. This rebound followed a sharp slide after US President Donald Trump paused military action against Iran. Shipping patterns are changing, and concerns about energy supply risks persist. Oil prices remain below their earlier peak of $126 per barrel.

Oil Prices Rebound After Sharp Fall As US-Iran Tensions Keep Supply Risks Alive