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RUSSIAN CRUDE OIL DISCOUNTS
UAE oil exports rebound to 85% of pre-war levels as Gulf supply routes adapt: IEAUnited Arab Emirates oil exports have rebounded significantly, reaching nearly 85% of pre-conflict levels by early June. Leveraging alterna...24 Jun, 2026, 08.07 AM IST- Hormuz shipping activity shows signs of recovery; Indian refiners shine amid disruption: S&P GlobalShipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far ...23 Jun, 2026, 08.34 PM IST
- Oil Price Today (June 23): Crude oil near $78 per barrel as investors track flows through Hormuz. What’s next?Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a ...23 Jun, 2026, 07.46 AM IST
- Shipping data reveals see-saw situation in Strait of HormuzShipping traffic through the Strait of Hormuz plummeted on Sunday after Iran declared it closed again, citing alleged violations of a peace...22 Jun, 2026, 08.31 AM IST
- Beyond West Asia conflict: India's oil imports back on track, boosted by record Russian shipmentsIndia’s crude oil imports have returned to normal levels in June, recovering after earlier disruptions caused by geopolitical tensions and ...22 Jun, 2026, 05.01 AM IST
- Oil keeps flowing through Hormuz despite Iran saying it’s shutDespite Iran's claims of closing the Strait of Hormuz, millions of barrels of oil continued to flow through the vital waterway over the wee...21 Jun, 2026, 06.12 PM IST
- ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crudeState-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production ...21 Jun, 2026, 04.47 PM IST
- Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...21 Jun, 2026, 11.46 AM IST
- Indian refiners sitting on enough crude, in no rush to resume purchases from West AsiaIndia's state-run refiners have secured enough crude for two months. They are not rushing to buy from the Middle East even if the Strait of...19 Jun, 2026, 10.37 AM IST
- Brent crude oil price touches pre-Iran war lows after ceasefire dealOil prices have fallen significantly. This is due to a preliminary agreement between the United States and Iran. The deal aims to reopen th...18 Jun, 2026, 10.26 PM IST
- Ukrainian attacks push Russian oil output 10% below target in May, IEA saysRecent Ukrainian assaults on Russian oil installations are severely curtailing production levels. Last month saw a notable decline in crude...17 Jun, 2026, 03.45 PM IST
- Trump vows to reimpose US sanctions on Russian crude 'soon' as truce with Iran takes shapePresident Trump announced that the US will soon reimpose sanctions on Russian oil, citing eased global supply concerns due to resumed flows...17 Jun, 2026, 01.46 PM IST
- Why are oil prices down while gold and silver prices up today? Reasons behind crude oil fall, precious metals rally, analyst insights and market outlookWhy are oil prices down while gold and silver prices up today? Oil prices fell to a three-month low as hopes grew that the Strait of Hormuz...17 Jun, 2026, 03.45 AM IST
- Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: AnalystsEnergy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening o...16 Jun, 2026, 04.31 PM IST
- India's Russian oil imports rise in May as refiners boost purchasesIndia continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydro...14 Jun, 2026, 07.30 AM IST
- 'Europeans sell weapons, which are used to attack India': Jaishankar raises arms exports issueIndia's External Affairs Minister S. Jaishankar defended the country's decision to buy Russian oil. He stated that cost and availability gu...12 Jun, 2026, 04.42 PM IST
- US 'specifically' asked India to buy Russian oil in 2022, says EAM JaishankarIndia's External Affairs Minister S. Jaishankar stated India purchased Russian oil after the Ukraine war began in 2022. He explained the oi...12 Jun, 2026, 11.56 AM IST
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