Crude Oil

Crude futures rise to ₹9,171/barrel on strong global cues; Brent hits $106

On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹119, or 1.31 per cent, to ₹9,171 per barrel in a business turnover of 12,745 lots

EAM Jaishankar hails talks with Iran to open Strait of Hormuz: Report

Jaishankar says talks with Iran are helping ease shipping risks in the Strait of Hormuz, as an Indian oil tanker sails from Fujairah after a drone attack at the UAE terminal

India gains most from US nod to Russian oil imports, but concerns remain

The country still faces a shortfall of 700,000 bpd of crude oil in March compared to Feb

Oil market set for tumultuous week on rising West Asia conflict risks

Asian nations seeking US energy to reduce reliance on West Asia

West Asia crisis: Indian crude tanker sails out of UAE's Fujairah safely

An Indian-flagged crude tanker sailed out safely from the UAE's Fujairah after loading oil, despite an attack on the oil terminal, as the government on Sunday said it is closely monitoring the situation in West Asia while ensuring stable fuel supplies and maritime safety. The vessel, Jag Laadki, carrying about 80,800 tonnes of Murban crude oil, departed Fujairah at 1030 hrs IST and is bound for India, with all crew members safe, the government said in an update on preparedness measures. Jag Laadki is the fourth Indian-flagged vessel to have come out of the war zone unharmed. Besides, the safe passage being an important milestone for Indian diplomacy, the cargo they are carrying is considered critical as shipping constraints in the Strait of Hormuz have impacted India's energy supplies. "On March 14, 2026, while the Indian-flag vessel Jag Laadki was loading crude oil at the Fujairah Single Point Mooring, the Fujairah oil terminal was attacked. The vessel sailed safely from Fujairah

West Asia conflict: US expands India-like waiver on Russian crude oil

India was also granted a similar 30-day waiver on March 5 for purchase of Russian oil

WTI seen at $80-85 near term; Hormuz risk may keep prices volatile: Analyst

Oil prices rose sharply after Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, said that Tehran could leverage the potential closure of the Strait of Hormuz and warned of attacks on Gulf Arab states

Friday the 13th: Nifty's 13th fall of over 1% in 2026? Experts decode

Nifty fall today:On a year-to-date basis, the Nifty has shed nearly 11 per cent, with near 7 per cent of the fall coming this March amid the US-Iran war. Analysts fear further downside for the market.

Don't panic, fuel cargoes on the way, says govt as supplies tighten

India will soon receive two cargoes each of crude oil and LNG via routes bypassing the Strait of Hormuz as refiners boost LPG production to ease supply pressures

Rupee slips to 92.04 per dollar as crude rises, domestic equities fall

The rupee weakened to 92.04 per dollar on Wednesday as rising crude oil prices, geopolitical tensions in West Asia and equity outflows weighed on the currency

Market crash explained: What triggered the sell-off and how should investors respond?

A sudden spike in crude oil prices rattled global markets and triggered a sharp fall in Indian equities. The Sensex plunged over 2,700 points intraday, while the Nifty slipped below the 24,000 mark.

Why Kharg Island remains a critical red line in West Asia conflict

Kharg Island handles most of Iran's oil exports and is vital to its economy. Despite rising Israel-Iran tensions and strikes on other targets, the small Gulf island has remained untouched so far

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

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

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

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

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

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

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

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