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OIL SUPPLY DISRUPTIONS
Oil Price Today (October 8): Crude oil jumps 2% to $102 amid rising attacks on ships in Middle East. What lies ahead?Oil prices climbed on Thursday, with Brent crude surpassing $102 a barrel as Middle East tensions and attacks on Gulf shipments heightened ...- Oil rises as Middle East supply concerns persist amid shipping attacksRising oil prices are driven by persistent supply concerns from the Middle East. This month has seen a surge in attacks on shipping in the ...
- India’s diesel exports hit 1-year high in September as record margins drive Europe shipmentsIndia’s diesel exports rose to a one-year high of about 620,000 barrels per day in September as record refining margins encouraged refiners...
- Global Market: European shares fall as rising yields, oil lift risk concernsEuropean shares fell after three sessions of gains as rising oil prices and global bond yields weighed on sentiment, while concerns over Fr...
- EIA raises oil price forecasts as Iran war tightens global marketsThe EIA raised its oil price forecasts, citing tight global inventories, limited diesel supplies and ongoing Middle East supply risks. Bren...
- Oil Price Today (October 7): Crude oil rises to $101, up 45% in 3 months. Two reasons behind Wednesday’s surgeBrent futures gained 93 cents, or 0.92%, to $101.51, while US West Texas Intermediate (WTI) crude rose 90 cents, or 1.01%, to $90.30 a barr...
- Oil prices rise as storms and air strikes threaten supplyAs a storm approaches key oil-producing areas in the US and tensions heighten in Saudi Arabia, oil prices are on the rise. The impending st...
- US EIA lifts Brent forecast to $98 as Iran war tightens global suppliesThe US Energy Information Administration has revised its oil price forecasts for the coming years due to supply issues. Global benchmark Br...
- Middle East oil exports are recovering despite Strait of Hormuz tanker attacks, but the bigger problem is getting crude safely to buyersMiddle Eastern oil exports have significantly recovered as shipping companies navigate a complex transport network. While conventional meth...
- Oil Price Today (October 6): Crude oil below $101 as supply concerns ease but Houthi attack keeps traders on edgeBrent crude futures gained 20 cents to $100.54 a barrel, while US West Texas Intermediate crude futures rose 12 cents, or 0.13%, to $89.50 ...
- Oil prices slip as traders weigh strong Mideast exports against Gulf tensionsOil prices slipped as a result of heightened crude exports from the Middle East, alongside a stockpile release by the G7. Brent crude futur...
- Haldia to revamp feedstock mix after Mideast war hit supplies, executive saysIn response to disruptions from the Middle East conflict, Haldia Petrochemicals Ltd is set to broaden its feedstock sourcing strategies. Cu...
- Global Market: OPEC+ keeps November oil output steady as Brent tops $100Seven major OPEC+ producers agreed to keep November crude output unchanged as the Iran conflict disrupted supplies and pushed Brent above $...
- Oil Price Today (October 5): Crude oil dips $101 despite simmering Iran war tensions. Here’s whyBrent crude futures fell 70 cents, or 0.69%, to $101.60 a barrel, while US West Texas Intermediate crude was at $90.15 a barrel, down 90 ce...
- Russian crude to remain part of energy mix: Jaishankar to PanelAs traditional oil suppliers face challenges, India's significant reliance on Russia for crude oil came into focus. External Affairs Minist...
- Nirmala Sitharaman calls for open, rules-based global economic ties amid geopolitical tensionsAt the Kautilya Economic Conclave, Nirmala Sitharaman spoke about fostering international trade policies that are not only open but also pr...
- Sanctions, tariffs turn into policy instruments, sometimes weaponised: P K MishraP K Mishra highlighted the impact of geopolitical tensions on global markets and economic vulnerabilities. He mentioned that India is diver...
- No global oil shortage, supply route disruptions driving crude prices, oil minister saysUnion Minister for Petroleum and Natural Gas Hardeep Singh Puri highlights the current oil supply situation. He states that global oil prod...
- India needs to strengthen domestic oil exploration, official saysIndia is urged to strengthen its domestic oil exploration capabilities to improve energy security as global tensions rise. Oil India Limite...
- The US-Iran war is now squeezing two major shipping routes from Strait of Hormuz to the Red Sea — here’s why global trade could feel the impactThe ongoing US-Iran war is affecting vital maritime chokepoints, specifically the Strait of Hormuz and Bab el-Mandeb Strait. Shipping traff...
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