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CRUDE OIL SUPPLY BOTTLENECK
50 litres per customer: Private pumps ration diesel as oil shock deepensPrivate fuel retailers have started limiting diesel sales at their pumps due to rising crude prices. Several Jio-BP outlets have imposed ca...- Shipping traffic via Strait of Hormuz stays lower than 10-day average, data showsOn Wednesday, ten commodity vessels traversed the Strait of Hormuz, slightly increasing from the previous day's count. This number remains ...
- Oil Price Today (September 24): Crude oil falls to $102 as Iran signals its openness to diplomacy. What are experts saying?Brent crude futures fell 94 cents, or 0.9%, to $102.13 a barrel, while West Texas Intermediate futures declined 59 cents, or 0.7%, to $91.5...
- LPG losses reach Rs 300/cylinder, OMCs’ petrol, diesel margins turn negative; daily hit at Rs 530 crore: ICRAOMCs are facing mounting pressure as elevated crude oil prices push petrol and diesel marketing margins into negative territory, while dome...
- Oil firms face Rs 530 crore daily fuel losses as crude surges: ICRAState-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diesel as crude prices s...
- Oil Price Today (September 23): Crude oil below $100 on hopes of US-Iran talks. What did Trump say?Brent crude futures fell 7 cents, or 0.07%, to $99.18 a barrel, while West Texas Intermediate futures declined 35 cents, or 0.39%, to $90.1...
- Oil falls on increased Gulf supply and hopes for US-Iran talksOil prices experienced a decline as Saudi Arabia resumed its key pipeline operations to the Red Sea. This development, coupled with rising ...
- Oil slips below $100 but remains volatile as Trump’s UN remarks dampen optimism over Saudi Arabia resuming Yanbu operations and East-West pipeline restartOil prices fluctuated as Saudi Arabia prepared to restart its East-West pipeline, while traders watched diplomatic developments around effo...
- Oil Price Today (September 22): Crude oil snaps 4-day fall, hovers near $101 on potential US-Iran talk. What’s next?Brent crude futures for November rose 74 cents, or 0.75%, to $101 a barrel. US West Texas Intermediate (WTI) crude for October, which expir...
- Oil’s sea lanes get tougher to navigate; India must press Iran to ease Hormuz blockadeSea lane disruptions in the Red Sea and Persian Gulf impact India's oil imports significantly. India faces challenges securing oil from Wes...
- India needs multi-route energy strategy as West Asia tensions threaten supplies: ExpertsGrowing West Asian tensions expose India's energy supply vulnerabilities. Experts urge a multi-route strategy and diversified crude and gas...
- Crude Oil Above $100: Can Saudi Arabia’s export disruption trigger a new global energy shock?Crude oil has crossed $100 a barrel as Saudi Arabia faces disruptions to its alternative export route following attacks on the East-West Pi...
- Even JPMorgan can’t predict oil’s next move as Iran war crosses more red linesJPMorgan says it no longer has a clear baseline for oil prices as Middle East tensions deepen supply risks. Brent remains above $100 a barr...
- Oil Price Today (September 18): Crude oil falls below $104, down for third session. What are experts saying?Crude Oil Price Today : Markets largely looked past the latest threats to supply, even as Saudi Arabia and Yemen's Iran-backed Houthis exch...
- Oil prices fall 1% on hopes of limited supply disruptionsOil prices slipped around one percent, marking their third consecutive session of losses. The potential for alternate oil routes from the M...
- Aramco closes supply tap for Indian refiners, new oil barrels to cost moreSaudi Arabia has sold some spot cargoes to traders expected to deliver small volumes to Indian refiners through Hormuz. The risk-taking tra...
- Oil prices extend losses as fears of Middle East supply disruptions easeOil prices fell further on Thursday, building on losses from the day before, largely influenced by Saudi Arabia's promise of more crude. Re...
- Russia squeezed, Saudi route hit, China circles: Why India's oil bill could get heavierIndia is encountering soaring costs for crude oil imports due to ongoing global supply chain issues. Disruptions in Saudi oil export infras...
- Oil falls as US crude inventories rise despite Saudi supply concernsOil prices fell sharply on Wednesday after a surprising increase in U.S. crude inventories. Compounding the situation, Saudi Arabia decided...
- Oil Price Today (September 16): Crude oil hovers below $109 despite rising Saudi supply concerns. $120 soon?Investors are now watching how long Saudi Arabia’s East-West pipeline will remain out of operation. Drone strikes forced the pipeline to sh...
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