UAE to revamp crude pricing amid sharp market fluctuationsAbu Dhabi National Oil will alter its crude oil pricing methods starting November first. All Adnoc crudes will now use a regional Dubai ben...
Oil prices surge 20% in July as US-Iran war heightens Strait of Hormuz tensionsOil prices saw volatility last week but are set for significant monthly gains. Escalating United States-Iran tensions and Houthi attacks ar...
Oil PSUs' June quarter losses miss govt's ₹75,000 crore estimate by wide marginState-run oil firms reported combined net losses of ₹18,149 crore in the June quarter. This figure was significantly lower than the governm...
Petrol could cost Rs 125/litre without ethanol blending: GovernmentThe Ministry of Petroleum defended the Ethanol Blended Petrol Programme against criticisms. It stated petrol prices would have risen signif...
Oil Price Today (July 31): Crude oil extends fall to $88. What’s behind the decline amid Iran war?Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Ad...
Govt says E20 fuel safe for vehicles, defends ethanol blending programmeThe government has defended its ethanol blending program, stating no engine damage has been found. Extensive testing and field experience c...
America is making the most fuel since pre-covid. It’s not enoughAmerican refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low d...
Oil Price Today (July 30): Crude oil dips below $90 after 8% surge on Wednesday. Here’s whyBrent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to ...
India's energy security at risk from Hormuz-Red Sea double squeeze, says CareEdge RatingsIndia faces significant energy security risks from chokepoint disruptions. A dual closure could push Brent crude prices to $130-135 per bar...
India bonds slip as oil prices hurt; Fed verdict in focusOn Wednesday, Indian government bonds took a hit due to renewed U.S. airstrikes in the Middle East, escalating tensions in the Gulf region....
Oil Price Today (July 29): Crude oil jumps 5% as US intercepts Iranian 'surprise attack’. Big rally ahead?Brent crude jumped 5% to around $88 a barrel, recovering after its biggest three-day decline since April 2020. The U.S. West Texas Intermed...
Rupee strengthens as crude oil prices fallThe Indian rupee strengthened against the dollar on Tuesday, closing at 95.84 per dollar. This gain followed a sharp rise on Monday, suppor...
US stocks: US market climbs after US, Iran pause conflict; focus on Fed, earningsMajor Wall Street indexes opened higher on Monday morning. This rise followed the United States and Iran pausing hostilities, boosting inve...
Explained: Why crude oil prices tumbled over 9% to below $90/bbl in one dayCrude oil prices plunged more than 9% to $88 a barrel after the US paused strikes on Iran and Tehran signalled restraint, boosting hopes of...
Indian bonds rebound as easing Middle East tensions drag oil lowerIndian government bonds experienced a significant surge early this week. This rise followed a sharp decline in crude oil prices over the we...
Oil Price Today (July 27): Crude oil dips 5%, below $95 as US pauses strikes on Iran. What are experts saying?Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US We...
Russia crude prices swing wildly amid Iran warThe landscape of Russian crude prices for Indian refiners has seen considerable volatility influenced by the Iran war. Initially, discounts...