Page 7 - Crude Oil Price

Oil firms bleed ₹30,000 cr as fuel prices held steady despite energy shock

India's state-run oil marketing companies have bled an estimated Rs 30,000 crore in losses since mid-March as they kept fuel and LPG supplies flowing without raising retail prices despite facing an energy disruption that is bigger than all previous crises combined. Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have maintained uninterrupted supplies of petrol, diesel, LPG, aviation turbine fuel and other petroleum products since the start of the West Asia conflict, without raising retail prices despite a more than 50 per cent surge in input costs. Their supply networks were stretched to the limit, as panic buying triggered a sharp spike in demand after the war disrupted traffic through the Strait of Hormuz, a key route for the majority of India's energy imports. Yet there was no dry out or price increase. In doing so, the three companies together incurred an estimated Rs 30,000 crore in under-recoveries - the

Brent up 1% on renewed Iran clashes as AI drives Asia stocks to weekly rise

Benchmark Brent crude futures were up ​about 1 per cent to $101 a barrel, while European stocks fell 0.9 per cent

Best of BS Opinion: Vodafone must quickly raise capital, improve services

From Vodafone Idea's financial struggles and Bengal's political tensions to oil market reactions during the Iran conflict, here are the top opinions of the day

Oil markets pricing levels ignores disruption, could have dire consequences

In the past, smaller shortfalls in supply had caused much larger increases in oil prices

AI disruption, West Asia war top concerns for India Inc in Q4: ICICI Sec

ICICI Securities said that AI-led disruption in IT services and inflationary pressures from the West Asia war have emerged as key risks for India Inc during Q4FY26 results season

Stranded Gulf supply, Iran conflict may push Brent toward $130-145: Analyst

If the conflict extends another eight weeks without a credible Hormuz reopening, expect Brent at $130-145 per barrel, with the World Bank's adverse scenario averaging $115 for the full year

High oil prices, weak rupee: 5 reasons why Sensex fell 750 points intraday

Stock market crash today: Sensex drops 750 pts, Nifty falls below 24,000 intraday as renewed US-Iran tensions, crude oil above $110, weak rupee, and FII selling drag markets on May 5

Rupee closes at new low of 95.09 vs US dollar amid crude price rise

The currency depreciated nearly 0.2 per cent on Monday to settle at new closing low of 95.09 against the US dollar

Crude oil prices expected to remain high and volatile, says CRISIL

CRISIL says Brent crude prices may stay elevated amid supply disruptions, geopolitical risks, and constrained flows, revising its FY27 price outlook upward to $90-$95 per barrel

BJP win may revive corporate interest in WB; realty may see achhe din: Analysts

A BJP win in West Bengal, said G Chokkalingam, founder and head of research at Equinomics, could see economic growth-related initiatives. More corporate capital, he said could find its way into WB.

'Sell in May' not a good approach in 2026, says tech analyst Ajit Mishra

Nifty may remain rangebound in near-term; investors may prefer a calibrated strategy - staying invested while selectively booking profits in overheated stocks, says Ajit Mishra of Religare Broking.

Oil falls after Trump announces Project Freedom to escort ships via Hormuz

Brent ‌crude futures fell 6 cents, or 0.1 per cent, to $108.11 a barrel by 0400 GMT after settling down $2.23 on Friday

Fiscal stress a reality, committed to capex target: Expenditure secy

DFS secretary says high-level banking panel to oversee balance sheet constraints

Oil falls as Iran proposes talks but prices still set for weekly gains

Brent's June contract hit $126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down

Best of BS Opinion: FinMin offers sobering view of macroeconomic risks

From rising oil-linked risks and services data gaps to gold loan expansion and global capital flows, here are the key insights from Business Standard's Opinion page

Venezuela, Brazil among India's top 5 crude oil suppliers in April

Supply disruptions in West Asia and Strait of Hormuz closure prompt India to recalibrate sourcing, with Venezuela and Brazil replacing Iraq and the US in April

Markets, rupee slide as oil hits 4-year high; Brent surges to $126/barrel

Equities close in the red but post best monthly gains since Dec 2023

BSE Small, Midcap indices set to post best monthly rally in 12 years

Among 1,262 stocks from the BSE Smallcap index, over half, or 734 stocks, outperformed in April by recording more than 20 per cent return, data shows.

Indian oil firms' losses likely to ease as purchasing costs fall

Sharp decline in spot crude premiums offsets surge in Brent prices, offering partial relief to Indian oil marketing companies as global supply disruptions reshape pricing dynamics

Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh

Rupee hit a record low of 95.32 vs dollar on Thursday. Going ahead, analysts see further downside with 96-97 levels in focus as oil surge, FII outflows and hawkish US Fed weigh on outlook