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Crude Oil

Why India needs Russian oil: Energy security outweighs US pressure

Oil prices have already risen 23.6 per cent, from about $72 per barrel a day before the war began on February 28 to around $89 per barrel now

Why India needs Russian oil: Energy security outweighs US pressure
Updated On : 09 Mar 2026 | 11:27 PM IST

West Asia conflict: With crude at $100, OMCs to face margin pressure

The retail prices of petrol and diesel currently stand at ₹94.77 per litre and ₹87.67 per litre, respectively, in Delhi, compared to ₹110.04 per litre and ₹98.42 per litre, respectively, in Nov 2021

West Asia conflict: With crude at $100, OMCs to face margin pressure
Updated On : 09 Mar 2026 | 10:33 PM IST

Nifty Metal slides 4% amid West Asia conflict; analysts flag risks

According to analysts, the broader weakness in metal stocks reflects the risk-off sentiment across global markets amid rising geopolitical tensions

Nifty Metal slides 4% amid West Asia conflict; analysts flag risks
Updated On : 09 Mar 2026 | 1:46 PM IST

Crude oil enters strong phase; may weigh on Nifty outlook: SAMCO Securities

The war has significantly disrupted energy markets and heightened concerns about supply flows through the Strait of Hormuz, one of the world's most critical oil shipping routes

Crude oil enters strong phase; may weigh on Nifty outlook: SAMCO Securities
Updated On : 09 Mar 2026 | 7:47 AM IST

Ships loaded with Reliance diesel, jet fuel turn to Asia instead of Europe

Asian buyers are rushing to secure fuel supplies to offset production losses from expected refinery run cuts as the near-halt in traffic in the Strait of Hormuz constrains oil supply to the region

Ships loaded with Reliance diesel, jet fuel turn to Asia instead of Europe
Updated On : 06 Mar 2026 | 3:01 PM IST

Indian refiners move quickly to buy Russian oil after US relaxes curbs

There's around 15 million barrels of Russian crude on tankers in the Arabian Sea and the Bay of Bengal, while vessels carrying another 7 million are idling near Singapore

Indian refiners move quickly to buy Russian oil after US relaxes curbs
Updated On : 06 Mar 2026 | 1:30 PM IST

MRPL shuts refinery units amid crude shortage from West Asia conflict

Asian refiners are struggling to secure prompt replacement crude cargoes as Iranian threats to shipping through the Strait of Hormuz have disrupted crude oil flows

MRPL shuts refinery units amid crude shortage from West Asia conflict
Updated On : 05 Mar 2026 | 2:05 PM IST

Russia offers to divert oil to India as Hormuz crisis hits supplies

India is vulnerable to supply ‌shocks, with crude stocks covering only about 25 days of demand, while refiners hold similarly limited inventories of gasoil, gasoline and liquefied petroleum gas

Russia offers to divert oil to India as Hormuz crisis hits supplies
Updated On : 04 Mar 2026 | 6:25 PM IST

Market crash: Investors lose over ₹21 trn in 3 days on West Asia tensions

The combined market capitalisation of all BSE-listed companies has fallen by more than ₹21 trillion over the past three sessions

Market crash: Investors lose over ₹21 trn in 3 days on West Asia tensions
Updated On : 04 Mar 2026 | 4:08 PM IST

Hormuz crisis may push Brent toward $100 amid US-Iran conflict: Analyst

The "war premium" has pushed Brent crude toward the $100 per barrel threshold, reigniting stagflation ary fears that central banks thought they had conquered

Hormuz crisis may push Brent toward $100 amid US-Iran conflict: Analyst
Updated On : 04 Mar 2026 | 12:58 PM IST

West Asia crisis: Rising input costs may push up consumer durables prices

Copper and aluminium prices are surging, crude is climbing and the rupee is weakening, raising input costs for appliance makers as geopolitical tensions strain supply chains

West Asia crisis: Rising input costs may push up consumer durables prices
Updated On : 03 Mar 2026 | 10:53 PM IST

India 'well stocked' with crude oil to meet supply disruptions: Puri

India holds around 25 days of crude and petroleum products and may diversify crude sourcing as the Strait of Hormuz faces disruptions, Oil Minister Puri said

India 'well stocked' with crude oil to meet supply disruptions: Puri
Updated On : 03 Mar 2026 | 10:29 PM IST

India's 100 mn barrel crude stocks can cover 40-45 days if Hormuz disrupted

India holds about 100 million barrels of commercial crude oil stocks - in storage tanks, underground strategic reserves and on ships voyaging towards the country - which could cover roughly 40-45 days of its requirement if flows through the Strait of Hormuz are disrupted, according to Kpler. India imports about 88 per cent of the crude oil it needs - the raw material for fuels such as petrol and diesel - with more than 50 per cent supplied by Middle Eastern countries and transiting the narrow Strait of Hormuz, flows from which have been disrupted amid the Iran crisis. If Middle Eastern crude supply were to halt completely for a temporary period, the immediate impact would be logistical and price-driven, with supply risks intensifying if movement through the Strait of Hormuz is disrupted for longer, said Sumit Ritolia, Lead Research Analyst, Refining & Modeling at Kpler. A closure of Strait of Hormuz would at first impact prompt cargo liftings. "However, refiners typically maintain

India's 100 mn barrel crude stocks can cover 40-45 days if Hormuz disrupted
Updated On : 03 Mar 2026 | 2:15 PM IST

Amid Hormuz closure, Indian refiners look at other crude oil sources

Indian refiners are diversifying crude sourcing to bypass the Strait of Hormuz and tapping inventories as the West Asia crisis disrupts key routes that handle over half of India's oil and gas imports

Amid Hormuz closure, Indian refiners look at other crude oil sources
Updated On : 02 Mar 2026 | 11:41 PM IST

West Asia crisis: Oil rises 9% after Iran war disrupts key shipping routes

Oil jumps up to 13% after Iranian attacks disrupt shipping through the Strait of Hormuz, raising fears of inflation and higher US gasoline prices

West Asia crisis: Oil rises 9% after Iran war disrupts key shipping routes
Updated On : 02 Mar 2026 | 3:43 PM IST

Iran war likely to hit India's three-pronged fuel reliance as tensions rise

Timing of the new US-Israel bombing of Iran and Tehran's response couldn't be worse for India

Iran war likely to hit India's three-pronged fuel reliance as tensions rise
Updated On : 01 Mar 2026 | 9:34 PM IST

Datanomics: Bullion imports may widen current account deficit in Q4FY26

Surge in gold and silver imports drives January trade deficit to $34.68 billion, raising concerns over a wider current account deficit in Q4FY26

Datanomics: Bullion imports may widen current account deficit in Q4FY26
Updated On : 24 Feb 2026 | 10:37 PM IST

Rupee, govt bonds weaken on muted global risk sentiment; FX hits record

The rupee slipped amid muted global risk appetite and firm US yields, though RBI intervention helped cap losses, while forex reserves hit a new record of $725.7 billion

Rupee, govt bonds weaken on muted global risk sentiment; FX hits record
Updated On : 20 Feb 2026 | 11:15 PM IST

India's core sector eases to 4% in Jan; steel, cement remain bright spots

India's core sector growth eased to 4% in January, with most industries slowing except steel and cement, while analysts say the trends reflect strong construction and infrastructure activity

India's core sector eases to 4% in Jan; steel, cement remain bright spots
Updated On : 20 Feb 2026 | 11:04 PM IST

Core infra sectors growth slows down to 4% in January: Govt data

India's eight key infrastructure sectors' output slowed down to 4 per cent in January, according to official data released on Friday. It was 5.1 per cent in January 2025 and 4.7 per cent in December 2025. Crude oil and natural gas output recorded negative growth in January. During the April-January period of this fiscal, the output of these sectors grew by 2.8 per cent against 4.5 per cent recorded during the corresponding period of the previous fiscal.

Core infra sectors growth slows down to 4% in January: Govt data
Updated On : 20 Feb 2026 | 5:37 PM IST