The damaged LNG trains represent a structural hole in global supply that no amount of diplomatic goodwill can close before the 2026-27 winter
Brent crude futures dropped 8 cents to $112.11 a barrel by 2324 GMT after settling at the highest since July 2022 on Friday
As the Strait of Hormuz disruption deepens, India faces rising inflation, supply shocks, and fiscal strain, with markets yet to fully price in the risks
Iran warned it would attack US-linked infrastructure, including energy and desalination facilities in the Gulf, if Trump carried out his threat
The prevailing valuations of Nifty of 17.5x one-year forward earnings are reasonable and have room for some rerating apart from returns driven by nearly 12 per cent earnings CAGR over the medium-term.
Benchmark Brent prices slipped to around $105 per barrel on Friday, from the highs of $119 a day earlier
Markets recover after sharp fall but rising crude prices and geopolitical tensions keep investors cautious, limiting gains despite strong intraday rebound
System adds hundreds of millions of dollars to India's fuel import bill; ministry aware
Brent futures fell $1.24, or 1.1 per cent, to $107.41 a barrel as of 0148 GMT, while US West Texas Intermediate (WTI) crude fell $1.24, or 1.3 per cent, to $94.90
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
Apollo Tyres, CEAT, Balkrishna Industries share prices could fall up to 24% from current levels, cautions technical analysts Kunal Shah of Mirae Asset Sharekhan.
US crude prices surged above $100 a barrel after Politico reported the US will not implement an export ban
Policymakers will need to rely on both internal and external shock absorbers to guide the economy to its new equilibrium
Rising crude oil prices amid tensions in West Asia could affect inflation and the RBI's rate trajectory. Borrowers may consider locking in home loan rates before the financial year ends
On the Nifty Midcap 100, Hindustan Petroleum stock was the top loser, down 4.35 per cent at ₹334.35 per cent
Iran strikes energy sites, including a key LNG hub in Qatar, as tensions rise across West Asia; oil prices climb past $111. Here are the top updates at 9 am (IST)
Shares retreated Thursday in Asia after stocks on Wall Street slumped as oil prices spiked at more than USD 110 a barrel. US stocks also sagged due to a report that said inflation was primed to worsen even before the war with Iran sent oil and gas prices spiking. That, and comments from the head of the Federal Reserve, led investors to expect there's less chance of getting the lower interest rates that they love. Tokyo's Nikkei 225 fell 2.5 per cent to 53,875.94 and the Kospi in South Korea lost 1.3 per cent to 5,845.62. In Hong Kong, the Hang Seng slipped 0.2 per cent to 25,725.77, while the Shanghai Composite index shed 0.9 per to 4,027.73. Australia's S&P/ASX 200 lost 8,504.20 and Taiwan's Taiex fell 1.2 per cent. Brent crude, the international standard, was trading at USD 111.24 a barrel, up 3.6 per cent from a day earlier. US benchmark crude oil gained 0.8 per cent to USD 96.80 a barrel. On Wednesday, the S&P 500 fell 1.4 per cent and flipped to a loss for the week so ...
Global markets were down over 1% in Thursday's early trade amid escalating West Asia tensions, and fresh spike in crude oil prices. GIFT Nifty hints at a near 500-point gap-down start for the Nifty.
Given that the last 18 months have been weak in terms of valuations, earnings and technical trends, the outlook for the next 18 months is becoming attractive, he said.
For OMCs, analysts suggest the fall in stock prices reflects, to some extent, the pain on account of higher crude oil prices that surged past the $100 a barrel (bbl) mark