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OIL PRICES DURING WARS
Indian, US fuel exporters reaping bonanza amid oil supply uncertainty due to warsIndia and U.S. oil refiners are benefiting from global fuel supply disruptions caused by wars in Iran and Ukraine, boosting refined fuel ex...- India's July crude oil imports rise over 9% month-on-monthIndia crude imports: On an annual basis, crude oil imports were up 13%, from 18.89 million tons in July last year, data from the Petroleu...
- Oil Price Today (August 18): Crude oil crosses $91/barrel amid fading US-Iran peace hopes. What lies ahead?Crude oil prices surged past $91 per barrel on Tuesday, August 18, as peace talks between the US and Iran stalled. With shipping disruption...
- US to announce steps to help refiners produce more fuel, energy chief Wright saysUS Energy Secretary Chris Wright announced steps to increase refinery fuel output soon. High gasoline prices are a concern for President Do...
- Gold appears set for a rebound as it regains safe-haven appeal after US-Iran war selloffGold has recovered nine percent, signaling renewed investor and central bank interest. The precious metal is now positioned for further gai...
- India set for record soyoil imports as Russia-Ukraine war disrupts sunflower shipmentsIndia's soyoil imports are expected to reach a record 620,000 metric tons in August, about 46% above the current marketing year's monthly a...
- The 60-day deadline for an Iran peace deal is expiring. Here's where things standAs the deadline for a resolution on the US-Iran nuclear deal has passed without any advancements, both countries remain firmly entrenched i...
- RBI's heavy FX footprint revives memories of a tightly managed rupeeThe Reserve Bank of India has stepped in, providing crucial support for the rupee amidst global economic uncertainties. State-run banks are...
- Hormuz ship attacks mount as US vows to cripple Iran economyThe Strait of Hormuz has seen an uptick in ship attacks, causing grave concerns as peace negotiations remain stagnant. Recently, two vessel...
- Iran defiant on strait as Trump tells Americans to accept high gas pricesIran has rejected US claims of control over the Strait of Hormuz and demanded Washington accept its conditions before shipping resumes. The...
- India cuts windfall tax on exports of petrol, diesel, aviation fuelIndia has reduced windfall taxes on petrol, diesel, and aviation fuel exports. The duty on diesel exports is now 24 rupees per litre, while...
- 'No substitute': Kuwait's future tied to Hormuz strait fateKuwait's oil exports have plummeted due to the ongoing war and Strait of Hormuz closure. The nation faces its biggest crisis since the 1990...
- US to unleash ‘economic isolation’ on Iran next week as Trump pressure campaign intensifiesThe United States plans to intensify economic pressure on Iran next week, with Treasury Secretary Scott Bessent warning of measures unprece...
- Oil Price Today (August 14): Crude oil dips below $88 despite Trump’s threat to blockade Iran indefinitely. What are experts saying?Brent crude futures were down 30 cents, or 0.34%, at $86.77 a barrel, while US West Texas Intermediate (WTI) crude futures gained 34 cents ...
- Euro zone bonds little changed as oil prices steadyEuro zone bond yields showed little movement on Thursday, coinciding with steady oil prices. Recent U.S. inflation data has lessened the ma...
- US says more oil is leaving Middle East. Is it really?US Energy Secretary Chris Wright claims nearly nine million barrels daily leave the Strait of Hormuz. Vessel tracking services, however, re...
- Oil Price Today (August 13): Crude oil dips below $90 despite Strait of Hormuz deadlock. Here’s whyThe Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its m...
- Oil drops on lower demand forecasts despite deadlock in US-Iran talksOil prices dipped as demand forecasts for 2026 were lowered due to the U.S.-Israeli war on Iran. Despite supply concerns from the conflict,...
- $48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oi...
- India's crude oil import bill rises 26% to $49 billion in Q1 FY27 despite 18% fall in volumesIndia's crude oil import bill rose significantly in early 2026-27. Higher global oil prices and supply disruptions increased costs for refi...
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