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.

Big Oil profits up as Iran war keeps prices elevated

Oil price today: Crude steadies below $80 as Hormuz blockade keeps investors on edge

Oil prices nudged higher on Wednesday after a series of declines, as investors keep a keen eye on the diplomatic maneuvers surrounding the US-Iran standoff. Progress is reportedly being made by negotiators striving to bring an end to the conflict and restore access to the Strait of Hormuz. While US crude and gasoline inventories increased last week, there was a drop in distillate stocks.

Oil prices rise 1% as Middle East conflict continues Hormuz shipping disruption

On Friday, oil prices experienced a modest rise amid shipping uncertainties in the Strait of Hormuz. Traders exhibit caution regarding transit through this critical route. Meanwhile, US President Donald Trump hinted at a potential resolution to the ongoing conflict. Additionally, Iran and Oman are exploring new transit options for the waterway. As developments unfolded, market trends reversed previous declines.

Trump expresses optimism about lower fuel prices

Natural gas loses momentum despite geopolitical risks: Will prices recover?

Natural gas prices have remained under pressure in recent months despite heightened geopolitical tensions in the Middle East. After a sharp rally at the end of January, driven by colder weather and concerns over supply tightness, prices have steadily retreated. NYMEX natural gas is currently hovering near $2.68 per MMBtu, while MCX natural gas prices have fallen below ₹260 per MMBtu. The weakness is notable because energy markets are closely watching the ongoing tensions between the United States and Iran, a situation that would normally support commodity prices. However, unlike crude oil, nat

Russian Oil Loss Manageable, $100 Crude Poses Bigger Risk For India

Oil price today: Brent crude jumps over 1% as traders await Hormuz reopening

On Monday, oil prices surged amid ongoing uncertainty surrounding the reopening of the Hormuz Strait. While Iran and Oman are closing in on an agreement for a shipping lane, Iran's demands for concessions from the U.S. linger. Adding to market tensions, Houthi rebels targeted Saudi Aramco's Jazan refinery, igniting a fire, along with numerous attacks in the Red Sea and Gulf of Aden, raising serious concerns about oil shipment security.

$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?

The five oil supermajors- Exxon Mobil, Chevron, BP, Shell, and TotalEnergies- made a combined $48 billion profit between April and June, helped by higher fossil fuel prices amid hostilities between the US and Iran, following which oil prices went flying to over $100 per barrel.The companies also generated nearly $90 billion in cash during the quarter, the highest level on record and above the cash generated following Russia's full-scale invasion of Ukraine in early 2022.The strong earnings have also drawn political criticism. US President Donald Trump last week criticised Exxon and Chevron for

Russia’s share in India’s oil imports jumps to all-time high of 48%, even as U.S. readies 100% tariffs

The U.S. Senate has passed a bill that will see tariffs of up to 100% being levied on top 5 countries importing Russian oil and gas; the Bill now awaits passage in the House of Representatives

Beijing’s billion-barrel weapon: Why India must prepare for China-driven oil prices

China has accumulated as much as 1.4 billion barrels in strategic and enterprise-controlled inventories, according to a new RAND study. That is more than three times the roughly 413 million barrels held in the US government’s Strategic Petroleum Reserve.

West Asia war fallout: Oil product exports find many new markets

Oil prices hold near one-week high as Strait of Hormuz reopening remains in limbo

Oil prices are hovering near recent highs as prospects for a US-Iran agreement fade. On Tuesday morning, both WTI and Brent crude benchmarks experienced slight upticks. The situation is complicated by US demands for compensation, hindering the potential reopening of the crucial Strait of Hormuz. Iran insists that sanctions must be lifted for the vital waterway to function, amidst ongoing geopolitical tensions that are influencing market volatility and supply issues.

Hormuz fears flare again to take crude back to $90

Global oil supply shortfall can deepen further: IEA

West Asia Crisis Pushes Up Edible Oil Prices In India, But Availability Remains Adequate: Govt Tells Parliament

Oil prices slip as OPEC cuts demand forecast; Iran war keeps supply risks alive

Oil prices have witnessed a decline due to lowered global demand forecasts and a notable increase in US inventories. Both OPEC and the IEA have adjusted their oil demand growth projections downward for the near future. Ongoing tensions in the Strait of Hormuz and Bab el-Mandeb Strait are amplifying supply concerns, while negotiations between Iran and the US remain inconclusive.

Pakistan Hikes Petrol, High-Speed Diesel Prices Amid Rising US-Iran Tensions

The latest revision comes amid continued fluctuations in international oil prices

India Emerges As Key Diesel Supplier To Europe Amid Russia Export Slump, US Shipments Decline

Brent crude hits $100 after fresh wave of Middle East attacks

On Wednesday, Brent crude oil prices exceeded one hundred dollars per barrel. Heightened concerns over supply arose following new attacks on oil facilities and tankers in the Middle East. The U.S. military responded by targeting five Iranian tankers, which were involved in missile strikes, while Houthi rebels ignited oil facilities in Saudi Arabia. These escalating conflicts have driven prices higher.

Nayara hikes fuel prices as crude costs surge

Nayara Energy Hikes Petrol By Rs 5 And Diesel By Rs 3, Higher Global Oil Costs Squeeze Retailers

IndiGo Airfares To Increase From Tomorrow As Jet Fuel Prices Rise

The revised charges will be effective from October 6 and will push airfares higher.

Oil prices hover near $100 as Middle East supply holds up, Gulf risks persist

Oil prices are currently around $100 a barrel as stable Middle Eastern exports ease supply concerns. However, ongoing regional conflicts, including Houthi attacks, raise risks of disruptions. Officials indicate that rebuilding global oil stockpiles could take years due to significant withdrawals. Industry executives predict that demand recovery may not occur until 2028 or 2029. Prices may stabilize at around $70 a barrel depending on future production levels.

Crude Oil Hovers Near $100 A Barrel, Why Global Oil Prices Remain On Edge Amid Middle East Tensions?

Saudi Arabia, UAE back Japan's Asia oil reserve plan

Fuel shock hits Air India, AI Express, Akasa fares

Brent commands a war premium as Middle East supply risks keep oil on edge

Global crude oil markets remain highly volatile, with the Brent-WTI spread widening to nearly $12 per barrel as of October 9. Brent crude was trading around $103 a barrel, compared with approximately $90.70 for WTI.The widening gap reflects the market's growing focus on geopolitical risks and potential supply disruptions in the Middle East. As the benchmark for internationally traded crude, Brent is more exposed to developments affecting global oil flows, shipping routes, and insurance costs. WTI, by contrast, is largely supported by robust North American production. Consequently, the higher B

In Numbers: Shortfall In Oil Stocks And Saudi's Critical Supply Role

The Middle East conflict has already pushed the oil market into a period of heightened volatility.

Oil prices fall $1 after touching three week high amid Middle East tensions

Oil prices have dipped as investors assess potential shipping threats in the Strait of Hormuz. The uptick in prices was initially fueled by recent assaults on Saudi Aramco and provocations from Iran. The Trump administration is mulling over the possibility of loosening sanctions on oil vessels to alleviate shipping costs, particularly given the surge in freight prices.

Oil prices dip marginally as US weighs easing sanctions on ‘shadow fleet’ tankers

Amid fluctuating oil markets, current tensions in the Middle East and possible shifts in US sanctions have resulted in a marginal decline in oil prices. WTI crude is priced at $97.31, with Brent crude at $105.40. While recent moves to lift restrictions on certain vessels aim to counter soaring global freight rates, the International Energy Agency's diesel release hasn't completely eased concerns about oil supply.

Brentcrude oil prices hit $110 for first time since May as Iran attacks continue, Ukraine eyes Russia energy infra

Brent crude oil prices climbed sharply higher on Friday to clinch $110 for the first time since May as Iran intensified attacks in the Strait of Hormuz, Houthi militants launched missiles at Saudi Arabia and Ukraine pledged to resume strikes on Russian refineries, fuelling concerns over global energy supplies.Crude oil prices this weekBrent crude futures touched $110 a barrel during the session, crossing that level for the first time since May, before easing to settle at $109.86, up 3.7%. US West Texas Intermediate (WTI) crude gained 3.5% to close at $101.41 a barrel. For the week, WTI rose mo

'Oil prices may ease to $80 per barrel in 2027'

Brent Crude Hits $110 A Barrel For First Time Since May

Crude Oil Prices May Rise Further Next Week, Brent Could Hit $120 As West Asia Supply Fears Deepen

India’s crude import bill surges 46% in Sept as oil prices soar