Crude Oil

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

India will continue purchasing Russian crude oil despite the expiry of the US waiver, while fuel retailers' under-recoveries have narrowed after the recent price hike

Benchmark indices recovered from sharp early losses as IT stocks rallied and foreign investors continued buying despite escalating tensions in West Asia

In May, flows are expected to come in at close to 1.9 million barrels a day, close to peak levels - though that still includes a period under the US permit that was allowed to expire over the weekend

Abu Dhabi National Oil Co. is building a pipeline that runs to the port of Fujairah on the Gulf of Oman, according to a statement from the emirate's media office

Eneos Endeavor had sailed into the Persian Gulf in late February to pick up crude from the United Arab Emirates' Das Island and Kuwait's Mina Al Ahmadi

State-run upstream company reports higher crude oil production, record drilling activity and improved profitability during FY26

Coordination with fiscal policy becomes critical amid 'supply shock as bad as it is', says Malhotra

Orissa High Court ordered arrest of MT Unity after a UAE-based fuel supplier alleged non-payment of bunker fuel dues exceeding ₹4 crore

The rupee weakened sharply as rising Middle East tensions lifted crude oil prices, strengthened the dollar and intensified pressure on India's external balances

Economists broadly agree that this financial year is shaping up to be tougher than the last for the external account

If the government allows prices to adjust swiftly in response to the changed supply situation, then people will automatically follow suit

India has maintained adequate crude oil, petroleum product and LPG reserves despite global supply disruptions, Oil Secretary Neeraj Mittal said