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HEDGING CRUDE OIL PURCHASES
India's crude imports remain resilient despite Strait of Hormuz tensionsIndia's crude oil imports are insulated from Hormuz Strait tensions currently. Refiners have successfully diversified their import portfoli...- RBI intervention, oil price dip help rupee edge modestly higherThe Indian rupee closed stronger on Thursday, supported by central bank intervention. Lower oil prices also helped soothe Indian equities a...
- BPCL buys 1 million barrels of US crude via tender, sources sayBharat Petroleum Corporation has purchased one million barrels of US West Texas Intermediate crude oil. This significant purchase was made ...
- India bonds dragged by rise in oil prices, Treasury yields on fresh US-Iran hostilitiesIndian government bonds experienced a decline in early trading on Wednesday. This downturn followed Middle East tensions that pushed oil pr...
- Millions of barrels of Iranian oil left in limbo after US revokes 60-day waiverAround 63 million barrels of Iranian crude are stranded on tankers after the US revoked a sanctions waiver that had temporarily allowed Ira...
- Indian state refiners ready for Iran oil if US extends waiversIndian refiners are exploring Iranian crude purchases if US waivers extend beyond August. They have fully contracted shipments through Augu...
- Market wrap: Sensex drops 104 points, Nifty closes below 24,400 as market snap 4-day gaining streakIndian stock markets closed lower on Tuesday, ending a four-day gain. Weak global cues and rising oil prices impacted trading sentiment neg...
- Global oil market weathers Iran war shock, but reserve depletion raises future price risksThe global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts ...
- Rupee rises 15 paise to 95.28 against US dollar in early tradeThe Indian rupee gained fifteen paise against the US dollar in early trade. Saudi Arabia's significant slash in August crude oil prices for...
- Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources sayIndian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through...
- OPEC+ to boost crude output, but can it deliver and who will buy?OPEC+ has boosted oil production quotas for the fifth consecutive month, raising questions about shipping capacity and buyer demand. While ...
- India eyes oil exploration expansion after Middle East war shortagesIn response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its r...
- Citi sees brent crude sliding to $60/bbl as supply fears easeGeopolitical tensions easing around the Strait of Hormuz are expected to drive Brent crude prices down to $60 a barrel by year-end, accordi...
- Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude pricesFuel prices might see a dip if international crude oil rates stay low for a few more weeks, according to Union Minister Hardeep Puri. Oil c...
- India not exporting fuel directly to Russia, any supplies are trader-led: PuriIndia's Oil Minister, Hardeep Singh Puri, has stated that Indian companies are not directly supplying refined fuels to Russia. While report...
- Iran's unsold oil piles up at sea as buyers stay waryIran is struggling to sell its growing oil stockpile at sea as a US deadline looms, potentially costing Tehran vital revenue and weakening ...
- India's June crude imports hit record high as Russian supplies surge despite West Asia tensionsIndia's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidifi...
- Jet fuel price cut by Rs 5/litre as global oil prices easeA significant drop in jet fuel prices, by nearly Rs 5 per litre, brings welcome relief to Indian airlines. This reduction, driven by fallin...
- India plans to cut reliance on Middle East oil, tap spot market after war shockIndia's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost ...
- Gold, silver face fresh test as US dollar, Iran crisis to shape week ahead: AnalystsGold and silver are facing downward pressure as investors digest escalating US-Iran tensions, crude oil price shifts, and crucial economic ...
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