India imported 1.63 million barrels of crude oil from Russia until September 24, as against 1.71 million barrels per day (bpd) in August
Sensex Today | Stock Market close highlights, Sept 24: The Nifty Realty index ended as the top sectoral laggard, dropping 2.5%, followed by the Nifty Auto (1.15%), and the Nifty Private Bank (0.8%)
Crude oil prices continue to trade within a broader range of $5-$7, reflecting the persistent tug-of-war between supply excess and geopolitical flare-ups
Sensex Today | Stock Market Highlights, Sept 23: On the sectoral front, the Nifty FMCG index shed 1.3 per cent; while PSU Bank and Metal indices gained 1 per cent each on Tuesday.
Sensex Today | Stock Market Close Highlights, Sept 22: US President Donald Trump's new H-1B visa fees rule triggered panic selling among investors, especially IT shareholders, on D-Street today
Brent crude faces limited upside above $70, as higher prices may dampen Chinese demand, while increased OPEC+ production is helping offset geopolitical risks
Loading of Russian oil for India in August nearly halved to 686,850 barrels per day from about 1.34 million bpd in July, according to LSEG trade flows
The halting of supply from the two Gulf exporters means Nayara, majority-owned by Russian entities including oil major Rosneft, relied entirely on Russia for its crude oil imports in August
Indian refiners have resumed tendering Russian oil purchases in the second half of August
Since the conclusion of the Iran-Israel conflict, oil prices have retreated and stabilised within a broader trading range of around $6 per barrel
Brent crude futures fell 16 cents, or 0.23 per cent, to $68.64 per barrel at 0005 GMT, while West Texas Intermediate (WTI) crude futures also lost 16 cents, or 0.25 per cent, to $64.64
United States has escalated its criticism of India's continued imports, with President Donald Trump imposing tariffs in a bid to dissuade Russia from pursuing its military campaign in Ukraine
BPCL's Q1FY26 profit fell short of expectations as refining margins weakened, though marketing remained robust Analysts caution that rising capex could strain balance sheet
White House trade adviser Peter Navarro's comments around India's purchases of Russian crude funding Moscow's war in Ukraine revived concerns about supply flows
Trump said he had agreed with Putin that negotiators should go straight to a peace settlement - not via a ceasefire, as Ukraine and European allies, until now with U.S. support, have been demanding
On a standalone basis, ONGC's gross revenue dropped 9.3 per cent Y-o-Y to ₹32,003 crore, while net profit fell 10.2 per cent to ₹8,024 crore from ₹8,938 crore last year.
Geopolitical developments are a primary driver of market uncertainty. The Trump-Putin talks could either ease concerns over US sanctions on Russian oil or escalate tensions if negotiations falter.
Brent fell 4.4 per cent over the week, while WTI finished 5.1 per cent lower than last Friday's close
Following US President Donald Trump's decision to raise tariffs on Indian goods to 50 per cent as a penalty for its continued imports of Russian oil, Russian crude has become cheaper than Dated Brent
If effective, the steep 50 per cent tariff would be similar to a trade embargo, and will lead to sharp fall in affected export products, especially ones with thinner margins