Crude Oil

Russia remains India's largest crude supplier in August: Kpler data

Russian crude imports are expected at around 2.1 mbpd in August, down from 2.6 mbpd in June and July; fresh US sanctions on Iran are unlikely to have a material direct impact

India turns to Venezuela amid West Asia crude oil supply disruptions

India is widening its crude oil sourcing to Latin America as disruptions linked to the Iran conflict and the Strait of Hormuz push the world's third-largest oil consumer to diversify supplies, ship tracking data showed. Indian crude imports from Venezuela have risen sharply in August, making the South American producer the country's fourth-largest supplier, according to ship-tracking data from Kpler. Venezuelan supplies reached about 444,000 barrels per day, ahead of Iraq's 118,000 bpd and the United States' 153,000 bpd, the data showed. Venezuela's position in India's supply mix has risen rapidly since imports resumed in April. Indian refiners increased purchases of Venezuelan, Brazilian and African crude after disruptions to Middle Eastern supplies, while continuing to rely heavily on Russian oil. Russia remains the dominant supplier, with imports close to 2 million bpd in August. Russian crude imports reached around 2.6 million bpd in June-July, accounting for more than half of .

India's crude import bill rises 41% to $13.7 bn in July on oil prices

Crude import volumes rose 13 per cent to 21.4 million tonnes in July, while the Indian basket price averaged $82.04 a barrel amid supply disruptions in West Asia

Venezuelan crude turns costly for India as discounts shrink, freight surges

Delivered cost of Venezuela's Merey grade surges to $95 bbl, while Russian grade has flipped from a discount to a premium over Dated Brent

Oil companies' production decline rate superior to global average: Minister

Puri said domestic production of crude oil from offshore and onshore fields stood at 27.96 million tonnes (MT) last financial year (2025-26), against 28.70 MT in 2024-25 and 29.36 MT in 2023-24

Higher oil prices lift ONGC Q1, output growth remains crucial for rerating

Higher crude realisations lifted ONGC's Q1 earnings above estimates, but sustained oil and gas production growth remains the key catalyst for any meaningful stock rerating

Corporate earnings may see low double-digit growth in FY27: Alok Singh

Global uncertainties remain the biggest driver of market sentiment despite healthy domestic indicators, says Bank of India Mutual Fund CIO Alok Singh

Oil prices jump nearly 7% after major airstrikes resume in West Asia

Brent crude surged nearly 7% as renewed West Asia strikes, Strait of Hormuz tensions and falling US crude inventories stoked fears of supply disruptions

Gold, silver regain momentum; crude oil falls below $100 a barrel

In the global market, gold opened with marginal gains. However, prices later declined before recovering again. Silver had a subdued start in the global market, but later prices rebounded sharply

Markets fall for fourth session as higher crude prices, FPI selling weigh

Benchmark indices extended losses as rising crude oil prices and sustained foreign portfolio investor selling offset domestic institutional buying and weighed on sentiment

Bharat Petroleum may increase fuel prices if crude stays at current levels

The state-run refiner is also exploring long-term crude supply deals with the US and other countries as it seeks to manage supply disruptions and rising energy costs

Markets fall for third day as crude surge dents investor sentiment

Sensex lost 715 points and the Nifty slipped below 24,000 as rising crude prices, tariff concerns and geopolitical tensions triggered broad-based selling

Houthi threats force Saudi crude tankers to reverse course in Red Sea

The Houthis announced a naval blockade on Saudi Arabia on Monday, opening a potential new front in the war and raising the threat to global energy supplies and trade beyond the Gulf

India's crude oil import bill rose 48% to $14.7 billion in June

India's crude oil import bill climbed to $14.7 billion in June as elevated global crude prices amid supply disruptions outweighed a decline in import volumes

Rupee weakens to 2-month intraday low on crude rally; RBI likely intervenes

The rupee slipped to a two-month intraday low as higher crude oil prices and West Asia tensions weighed on sentiment, with likely RBI intervention helping limit losses

Gulf crude exports jump in July but shipments slowing on latest hostilities

Gulf crude exports hit their highest level since before the Iran conflict, but renewed fighting is slowing tanker traffic through the Strait of Hormuz

Oil price surge derails FPI return to Indian equities amid West Asia crisis

Foreign investors have turned net sellers after an eight-session buying streak as rising crude prices and renewed West Asia tensions weigh on sentiment and outlook

Best of BS Opinion: New urea policy skirts fertiliser subsidy reform

From fertiliser subsidies and Russian oil tariffs to regulatory independence, rural water reforms and the politics of interfaith marriage, here are today's top Opinion pieces.

Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment

The rupee fell to a one-month low against the US dollar as rising crude oil prices and renewed tensions in West Asia weighed on sentiment, with RBI intervention limiting losses

India better prepared to handle Strait of Hormuz disruption this time

India has secured crude oil and LPG supplies for the near term, limiting the immediate impact of the renewed Strait of Hormuz closure, though prices are expected to rise