Oil Market

International Energy Agency says Gulf conflict and restrictions through the Strait of Hormuz have triggered unprecedented oil supply losses and tightened global markets

India may need a steep fall in gold imports to ease its trade deficit, but high prices, investment demand and smuggling risks complicate the duty hike's impact

MCX Crude Oil on the daily chart is consolidating within a symmetrical triangle pattern, indicating a phase of compression after the recent volatile swings

If the conflict extends another eight weeks without a credible Hormuz reopening, expect Brent at $130-145 per barrel, with the World Bank's adverse scenario averaging $115 for the full year

UAE’s shock exit from Opec could reshape the global oil market. In this video, we explain what Opec does, why the UAE is leaving, and how this move could impact oil prices, India

Indore-based Soybean Processors Association of India (SOPA) has called the non-standard pack sizes used in edible oil packaging misleading for consumers, and urged the central government to immediately intervene in the matter. The organisation said many companies are introducing such pack sizes of edible oils into the market, confusing consumers regarding price and quantity. SOPA Executive Director D N Pathak said on Wednesday that the organisation has written a letter to the Secretary of the Union Consumer Affairs Department in this regard. The letter said five national organisations of the edible oil industry had previously jointly presented on this subject and recommended standardisation of packaging volumes for edible oils in the interest of consumers. "The government, with good intentions, removed the standard quantity restrictions on packaging edible oils and mandated the per-unit price on packages. However, some manufacturers are misusing this exemption by introducing ...

India's largest private refiner Reliance Industries Ltd relied on diversified crude sourcing and operational agility to navigate a volatile energy market during the last quarter of FY26, marked by geopolitical disruptions and sharp cost swings. After the Iran war disrupted oil and gas flows from Gulf countries, Reliance, which operates the world's largest oil refining complex at Jamnagar in Gujarat -- tapped non-Persian Gulf suppliers to replace barrels lost due to the conflict, according to an investor presentation the company made post fourth quarter earnings announcement. "Persian Gulf loading contracts were replaced to minimize run cut," it said. "Crude sourcing diversified from multiple geographies." Reliance said it "worked with Middle East suppliers on alternative routing for stranded crude." It, however, did not elaborate. Global crude markets remained largely oversupplied through most of the 2025-26 fiscal year, even as sanctions by the US and EU on Russian oil tightened .

Hours after ceasefire talks between the US and Iran failed to make progress, US President Donald Trump announced a naval blockade in the Strait of Hormuz.

Traders said the panicky moves across the world's key physical oil markets demonstrated the scale of the shortfall that's due to be felt as loss of supplies from the West Asia leaves a growing gap

Weaponising trade chokepoints has fragmented global markets like crude oil, leading to sharp regional price variations

Conflicting signals from Donald Trump on the Gulf war unsettle markets, drive oil volatility, and expose deeper global economic imbalances and geopolitical risks

Crude oil prices declined by Rs 190 to Rs 8,808 per barrel in futures trade on Friday as traders weighed the prospects of additional Iranian supply despite lingering geopolitical tensions in West Asia. On the Multi Commodity Exchange, crude oil for the April delivery ended its three-day rally, declining by Rs 190, or 2.11 per cent, to Rs 8,808 per barrel in a business turnover of 18,781 lots. Analysts said the fall in oil prices was driven by hopes of softening geopolitical risk premium following indications of a more pragmatic approach by the US towards Iranian crude supplies. In the overseas trade, West Texas Intermediate (WTI) futures for May delivery fell USD 1.85, or nearly 2 per cent, to USD 93.70 per barrel, while Brent Oil for the same month contract slipped 0.34 per cent to trade at USD 108.28 per barrel in New York. The dip in crude prices, now around USD 107 per barrel for Brent against a peak of USD 119, reflects a 'relief valve' moment, though tensions remain high, Aam

Dealers warn of reduced fuel orders as refiners end credit supply amid losses on petrol and diesel sales with retail prices unchanged

Asian nations seeking US energy to reduce reliance on West Asia

With Kharg Island handling most of Iran's crude exports, any disruption could intensify oil market volatility already driven by supply losses through the Strait of Hormuz

Oil prices could rise to $150 per barrel as a massive Gulf supply disruption forces demand destruction, with $200 possible if the conflict persists, says Wood Mackenzie

For oil analysts, executives and traders, that has meant ever-louder warnings that the war is bringing crude to a tipping point, and closer to the psychological $100-a-barrel threshold

Iran sits on one side of the Strait of Hormuz, the shipping lane for about a fifth of the world's crude from key suppliers including Saudi Arabia and Iraq

Crude oil prices are holding firm this week as tensions between Iran and the US temporarily ease after Donald Trump indicated he does not intend to launch military action.

The current upward trajectory is primarily driven by a toxic mix of heightened geopolitical risks in the Middle East, infrastructure disruptions in the Caspian region, and significant capital inflows