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Fuel price hike on the cards as India struggles to absorb soaring crude costsIndia is grappling with significant economic challenges due to elevated global fuel prices. The government has absorbed substantial daily l...- Saudi Aramco seeks to reroute crude away from Strait of Hormuz, sources saySaudi Aramco is rerouting oil exports to the Red Sea port of Yanbu. This move aims to bypass the Strait of Hormuz, where shipping is severe...
- Oil industry braces for Mideast turmoil after Soleimani killingRising tensions between Iran and US have already caused disruptions to oil markets.
- Iran downs unidentified drone near Gulf coast: ReportsThe unmanned aircraft was downed over Iranian territory with a domestically manufactured Mersad surface-to-air missile.
- Saudi oil attack: Where are we a week on and what happens next?There were at least 17 points of impact at Abqaiq, the world’s largest oil-processing facility.
- We are committed to meet India's energy security needs: Saudi ArabiaA series of drone and missile attacks on oil facilities of Saudi Aramco knocked out half of its daily oil production.
- View: World's oil security blanket has been torchedHolding all of the world’s spare production capacity in one place has always been a risk.
- Petrol, diesel prices see steepest hike since July 5Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market.
- Aramco less optimistic on output recoveryThe massive drone strike has global ramifications, particularly for countries in Asia.
- Air India's monthly fuel bill might spike by Rs 50 cr on higher oil prices: OfficialAccording to the official, the bill could go up by at least Rs 50 crore if the oil prices jump 10 per cent from USD 60 per barrel level on ...
- India condemns drone attacks on two big oil sites in Saudi ArabiaYemen's Houthi rebels launched drone attacks on the world's largest oil processing facility in Saudi Arabia and a major oil field on Saturd...
- Drone attack on Saudi oil facilities to hit India's fuel import bill: DBSThe coordinated strikes on Saudi oil fields will hit India's oil import bill, Singapore's DBS Banking Group said.
- China opposes action against Iran after attacks on Saudi oil fieldsIran has denied involvement in the air attacks, which were claimed by Iran-aligned Houthi rebels in Yemen.
- Oil jumps the most ever after drone attack cuts Saudi suppliesThe unprecedented move in Saudi Arabia reverberated around financial markets.
- A bunch of Indian stocks brace for hit from biggest jump in oil prices in 28 yearsOn Monday, Brent futures jumped nearly 19.5 % to trade at $71 a barrel in Asia.
- Rupee tumbles 55 paise to 71.48 on spike in crude pricesMarket participants were concerned as the drone attack on Saudi Arabia's oil facilities has stroked fiscal slippage concerns.
- Storm in the desert may hit Indian equities, tooSimilarly, every $10 movement of crude impacts India’s GDP by up to 40 basis points.
- Oil strategy: Attack on Saudi oil plant is what everyone fearedTraders who have shrugged off tensions in Middle East to respond when markets open on Monday.
- Essar Projects bags $54 million contract from Saudi AramcoThe scope of work entails engineering, procurement and construction of a crude tank, replacement of crude pumps and associated civil facili...
- Oil prices stable at 66.5dlr a barrelOil prices were little changed in Asian trade on Monday with the market assessing news of the arrests of alleged militants plotting to bomb...
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