Crude Oil

Venezuela's return as a top crude supplier highlights how oil alone has shaped India-Venezuela trade, from a $14-billion peak to near-collapse and revival

The rupee appreciated sharply and government bond yields eased as lower crude oil prices and hopes of a US-Iran agreement improved investor sentiment

The path of least resistance for Brent over the next two quarters appears skewed to the downside, with Brent prices likely drifting below $90/bbl

Indian refiners, including Indian Oil Corp and Mangalore Refinery and Petrochemicals Ltd, ‌have also purchased crude through spot tenders in recent weeks

Royalty on crude produced from onland nomination and pre-NELP blocks will again be calculated on a cum-royalty basis, reversing a key May 8 reform

A USIBC-Grant Thornton Bharat report highlights opportunities across LNG, crude oil and petrochemicals to deepen trade, investment and energy security ties

While lower royalties are expected to improve project viability and attract investment, concerns remain over poor prospectivity data, limited discoveries, and competition from more attractive regions

High oil prices, a weakening rupee and global capital shifts demand bold policymaking to protect growth and build resilience against external shocks

IOC purchased Angola's Kissanje and Nemba crude for delivery to its Paradip refinery

Taken together, the Indian economy requires some mechanism for stimulating private investment in the real economy

In April and May, Indian refiners raised imports from Venezuela, Brazil, Angola and Nigeria to make up the shortfall, as well as continuing to buy Russian oil

The crisis in West Asia and the resultant surge in prices of crude oil have significantly complicated the overall Budget arithmetic

RBI warns elevated crude oil prices and supply pressures could fuel inflation risks and strain India's external sector despite resilient growth

Fresh US waiver terms may curb Russian oil supplies to India as sanctioned cargo availability shrinks and refiners face mounting geopolitical uncertainty

EAC-PM Chairman S Mahendra Dev said higher crude prices and supply disruptions from the West Asia conflict could weigh on India's growth and inflation

Reducing oil import dependence requires India to also curb its demand for oil

The ships are among a handful of supertankers exiting the Gulf this month via a transit route that Iran has ordered ships to use

PM Narendra Modi's five-nation tour underscores India's push to deepen trade ties as exports to these countries outpace imports despite a cumulative trade deficit

he US has extended sanctions waiver on Russian oil purchases till June 17, easing pressure on Indian refiners reliant on discounted crude imports

The rupee weakened to a fresh low and bond yields climbed sharply as rising crude oil prices and higher US Treasury yields rattled financial markets