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OIL IMPORTS FROM MIDDLE EAST
US oil prices crash below $90 as JD Vance blames Iran War for GOP election loss: WTI falls to $88.92, Brent drops to $94.82, but will gas prices follow?Why did oil price crash below $90 today? US oil prices fell sharply after midterm election results indicated Democratic control of Congress...04 Nov, 2026, 11.19 PM IST- US to loan about a third of heating oil reserve in bid to tame pricesThe US Energy Department will loan 300,000 barrels of fuel oil from its emergency heating reserve to four companies to ease supply pressure...04 Nov, 2026, 10.05 PM IST
- MRPL boosts delivered oil buying as Iran war raises shipping risksMangalore Refinery and Petrochemicals Ltd plans to increase crude oil purchases on a delivered basis. This strategy aims to reduce shipping...04 Nov, 2026, 02.27 PM IST
- Oil slide, Treasury strength boost Indian bondsIndian government bonds experienced an increase due to a significant decline in crude oil prices. A Democratic sweep in the US midterm elec...04 Nov, 2026, 12.04 PM IST
- IndiGo, Indian Oil and other crude-sensitive stocks rally up to 4% as oil dips below $105/bbl. Where are prices headed?Crude-sensitive stocks such as IndiGo, BPCL, HPCL and Indian Oil rallied up to 4% as oil prices declined for a second consecutive session a...03 Nov, 2026, 10.25 AM IST
- Oil Price Today (November 3): Crude oil rebounds to $105 as fresh attacks outweigh peace talks. What are experts saying?Crude oil price : Oil prices experienced a slight increase following reports of a US strike on Iran's Qeshm Island. Concerns have risen reg...03 Nov, 2026, 08.27 AM IST
- Oil rises after report of US strike on Iran's Qeshm IslandOil prices have surged in reaction to reports of a US strike on Iran's Qeshm Island, sparking fears of significant supply interruptions. Pr...03 Nov, 2026, 07.37 AM IST
- Goldman Sachs raises oil price forecasts, warns Brent could hit $140 in 2027Goldman Sachs raised its oil price forecasts amid mounting geopolitical risks and potential Gulf supply disruptions. The bank warned Brent ...02 Nov, 2026, 09.57 AM IST
- Middle East war helps lift Reliance’s oil-to-chemicals earnings to an all-time highReliance Industries' oil-to-chemicals sector reported record earnings due to soaring global fuel prices. The firm credited this success to ...30 Oct, 2026, 09.06 PM IST
- Reliance looks to Latin America, North America and the Mediterranean as Middle East oil disruptions put supply chains under pressureIn response to global energy market turmoil, Reliance Industries revamped its crude oil sourcing strategy for the July-September quarter. T...30 Oct, 2026, 08.34 PM IST
- Global Market: Japan's Nikkei falls 3% as AI spending concerns hit chip stocks; BOJ holds ratesJapanese shares fell sharply as concerns over the profitability of AI investments sparked a global technology sell-off. The Nikkei 225 drop...30 Oct, 2026, 10.43 AM IST
- Indonesia looks to India & China for fuel suppliesIndonesia is exploring gasoline imports from India and China to combat rising global crude oil prices. The country's energy minister Bahlil...30 Oct, 2026, 07.16 AM IST
- High freight rates narrow Indian refiners’ crude oil choices, squeeze marginsWith freight rates reaching unprecedented levels, Indian refiners are facing escalating crude oil expenses that are eroding their margins. ...29 Oct, 2026, 12.04 AM IST
- BPCL expects Russian crude purchases to fall in NovemberBharat Petroleum Corp Ltd forecasts a decline in Russian crude oil imports for November due to increased freight costs. The company noted t...26 Oct, 2026, 01.46 PM IST
- India turns back to Gulf oil as Russian crude loses its price edgeIndia’s crude oil imports from the Middle East returned to pre-war levels in September, rising to 2.8 million barrels per day as shipments ...22 Oct, 2026, 02.03 PM IST
- Indian Oil to trim Middle East oil imports under annual deals amid Iran warIndian Oil Corporation plans to reduce its crude oil imports from Middle Eastern sources in the next fiscal year due to the ongoing war in ...21 Oct, 2026, 02.04 PM IST
- Oil rises on Middle East supply worriesOil prices are climbing amid increasing supply worries in the Middle East. Ongoing attacks on maritime vessels beyond the Strait of Hormuz ...21 Oct, 2026, 07.35 AM IST
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