Crude Oil

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

Renewed US-Iran hostilities could derail 2027 global oil surplus: IEA

The IEA has warned that renewed US-Iran hostilities could derail its forecast of a global oil surplus in 2027 despite a rebound in supplies after the Strait of Hormuz reopened

Markets sink as fresh US-Iran tensions reignite inflation concerns

Indian equities posted their biggest decline in over three months as escalating US-Iran tensions lifted crude oil prices, triggering concerns over inflation and economic stability

India's energy stress test: How agile policy kept the economy moving

That was no small achievement. India imports nearly 90 per cent of its crude oil and around 60 per cent of its LPG, much of it normally arriving from the Gulf

Indices hit 10-week closing high on HDFC Bank gains, easing crude

Indian equity benchmarks rose to their highest closing levels in about 10 weeks, supported by HDFC Bank, easing crude oil prices and continued foreign portfolio investor inflows

Nifty IT logs best 1-day gains in over a year; Sensex climbs 580 points

Nifty ended the session at 24,176, a gain of 170 points, or 0.7 per cent

India, Japan to partner on strategic petroleum reserves, energy transport

The two countries will cooperate on strategic petroleum reserves, maritime energy transport and upstream investments to strengthen energy resilience amid geopolitical uncertainty

OIL targets early 2027 for commissioning of Numaligarh refinery expansion

State-owned Oil India expects its Rs 28,000 crore Numaligarh refinery expansion project to be operational by early 2027, tripling refining capacity to 9 million tonnes

Russian crude oil imports reach record high in June as discounts widen

Russian crude imports rose to a record 2.58 million barrels a day in June as discounts widened and refiners diversified sourcing amid supply constraints from West Asia

40-day oil buffer plan enters action phase with five new SPR projects

The West Asia crisis has intensified concerns over India's ability to withstand global oil supply disruptions

FMCG firms stall price hikes as lower oil prices support volume growth

Consumer goods companies are delaying planned price hikes as easing crude oil prices reduce input cost pressures, helping them protect volume growth amid a fragile demand recovery

Drilling for oil in a disputed belt amid push for Northeast exploration

A tripartite agreement hopes to clear the ground for oil and gas exploration in the Northeast, but it won't be easy

Lower crude prices, strong demand to support IndiGo earnings upgrades

Easing crude oil prices, strong demand and IndiGo's expansion plans are expected to boost earnings, while lower fuel costs could improve margins across the aviation sector

Rupee, bonds gain as oil falls below pre-Iran war levels; FPIs buy debt

The rupee rose for a fourth straight session and bond yields eased as crude oil prices fell below pre-conflict levels and strong foreign debt inflows lifted market sentiment

Best of BS Opinion: RBI strategy, Greenspan's legacy, and Kolkata's renewal

Today's opinions explore India's forex reserve strategy, Alan Greenspan's complex legacy, West Bengal's urban renewal agenda, maize-led farm growth and China's coercive diplomacy

Russian oil imports may hit record high in June on discounts, supply curbs

Until June 20, Russia contributed to nearly 50 per cent of India's total crude oil imports in the month, showed data from maritime intelligence firm Kpler

US authorises Iranian oil sales as talks advance towards final peace deal

The United States has temporarily eased sanctions on Iranian oil exports, linking the move to commitments by Tehran on nuclear inspections and free transit through the Strait of Hormuz