Crude Oil Supply

The announcement means ​the company is transporting the crude through the strait rather than delivering it at the port of Basra

The company said it was ensuring fuel availability across its network after Petroleum Secretary Neeraj Mittal said private retailers would be told to stop capping sales.

India spent $24.4 billion more on crude in April-August despite a 0.4% fall in import volumes as prices rose in international markets amid supply concerns due to the West Asia conflict

Exporters have adapted to tariffs and geopolitical disruptions, but thinner margins and fresh US levies could make resilience harder to sustain

The East-West pipeline was shut after drone attacks, disrupting a key Saudi supply route as crude flows from the Gulf region remain under pressure

For the first time since the US-Iran war started in February 2026, S&P Global Energy does not project West Asian crude oil production to return to prewar levels by the end of 2027

Average crude oil prices will stay significantly higher than the previous forecast, as the recent turn of events would shrink global inventories.

Mirae Asset Sharekhan believes that the crude oil market balance is likely to remain in deficit through 2026.

Rabobank expects Brent to remain volatile in the months ahead, with $70-$75/bbl acting as the lower-end support zone and $95-$100 forming the upper end of the range.

The main source of uncertainty remains the US-Iran standoff and the continuing disruption around the Strait of Hormuz.

In a rare ​move, Aramco is in ​talks with buyers to supply Arab Medium and Arab Heavy crude ​via ship-to-ship (STS) transfers off Fujairah in the UAE, the sources said.

By sharply reducing oil imports, China not only shielded its own economy from a supply shock (to an extent) - its impact also helped cushion the price shock for other Asian economies, analysts said

State-run oil refiners reported quarterly losses as higher crude oil prices, weak fuel marketing margins and LPG under-recoveries weighed on earnings

The legislation allows US President Donald Trump to impose tariffs of as much as 100 per cent on the top five purchasers of Russian oil and natural gas, essentially targeting China and India

A closure of the Bab el-Mandeb Strait could disrupt Saudi crude shipments, forcing India to rely more on alternative suppliers and increasing risks to LPG supplies

A revised bipartisan US Senate bill proposes a 100 per cent tariff on imports from the five largest buyers of Russian oil and gas, including India, while allowing presidential waivers

Senior industry officials say that New Delhi is ignoring a cleaner burning fuel, which offered more supply security during the war compared to crude oil and LPG

We can hope for peace opening the Strait of Hormuz, but must prepare for war closing it

Brent and WTI fall about 3 per cent as supply concerns ease with higher tanker movements through the Strait of Hormuz despite fresh security risks in the region

Eleven India-bound ships have transited through the Strait of Hormuz after the US and Iran finalised a Memorandum of Understanding (MoU) to end the West Asia conflict, the Ministry of External Affairs (MEA) said on Tuesday. With the US withdrawing sanctions on Iranian petroleum products as part of the peace deal, New Delhi said it is monitoring the developments in West Asia and that its energy sourcing is guided by national interest. "As of today, we have 10 Indian-flagged vessels still in the Persian Gulf region. In addition, two have recently arrived there," MEA spokesman Randhir Jaiswal said at a media briefing. "Since the signing of the MoU on June 17, 11 India bound vessels have transited through the Strait of Hormuz," he said. The vessels include three Indian-flagged crude oil tankers, each carrying over 285,000 MT (Metric Tonnes) of crude oil; one foreign-flagged LPG carrier, one foreign-flagged crude oil tanker and six foreign-flagged bulk carriers , carrying fertilisers, h