Why are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil market reacts to US-Iran escalation and Strait of Hormuz closureWhy are oil prices up now and will Brent futures and US WTI crude prices continue to rise or decline again? Oil markets moved higher after ...
11 Jun, 2026, 09.01 AM IST
OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...
10 Jun, 2026, 08.21 PM IST
Fitch cuts FY27 growth projection to 6.4%; US-Iran war to slow down economyFitch Ratings has reduced India's GDP growth projection to 6.4 percent for the current fiscal year. The US-Iran war is expected to slow eco...
09 Jun, 2026, 10.06 AM IST
Fitch sees global oil markets returning to oversupply after Hormuz reopensGlobal oil markets are set to return to oversupply soon. Fitch Ratings reports the Strait of Hormuz closure is a temporary supply shock. Pr...
09 Jun, 2026, 01.48 AM IST
Oil Price Today (June 8): Crude oil flares up 5% as Israel attacks Iran, Lebanon in latest escalation. What's next?Oil prices surged 5% on Monday after Israel launched fresh strikes on Lebanon, raising fears of renewed Middle East tensions and potential ...
08 Jun, 2026, 12.30 PM IST
From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...
08 Jun, 2026, 12.01 PM IST
Oil market likely to return to oversupply after Hormuz reopens: Fitch RatingsGlobal oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The...
08 Jun, 2026, 10.44 AM IST
Global Markets Watch: Tumbling tech darlings slam brakes on AI rallyAsian stocks experienced a significant plunge as investors exited AI-linked shares amid concerns of an overheated market. Disappointing out...
08 Jun, 2026, 08.43 AM IST
7 OPEC+ nations announce second straight 188,000 bpd output increase for JulySeven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This ...
07 Jun, 2026, 08.25 PM IST
OPEC+ increases production quotas for JulyOPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikel...
07 Jun, 2026, 07.07 PM IST
As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...
07 Jun, 2026, 01.34 PM IST
OPEC+ set for fourth oil quota hike since Hormuz closure, sources sayOPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...
07 Jun, 2026, 01.15 PM IST
Russia's oil major says US companies benefit from the closure of the Strait of HormuzRosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the...
06 Jun, 2026, 03.28 PM IST
Oil Price Today (June 5): Crude oil holds ground as Iran peace deal uncertainty lingers. Where are prices headed?Oil prices held steady on Friday following significant Thursday losses. Hopes for a quick resolution to the U.S.-Israeli conflict with Iran...
05 Jun, 2026, 07.42 AM IST
Petrol, Diesel Price Today (June 3): Check fuel rates in Delhi, Kolkata, Mumbai, Chennai, Gurgaon and other citiesPetrol, Diesel Price Today: Fuel prices across India remained stable on June 3, with no significant changes reported in major metro cities ...
03 Jun, 2026, 09.17 AM IST
Oil rally may fuel stagflation concerns, though AI remains market's key driver: Arnab DasRenewed Middle East tensions are driving oil prices higher, fueling inflation and economic growth concerns. Despite market optimism, signif...
02 Jun, 2026, 10.32 AM IST
Oil well the damage control machineryAs India grapples with escalating fuel and plastic costs, the situation is further exacerbated by supply disruptions in West Asia, jeopardi...
27 May, 2026, 11.04 PM IST