Page 7 - Crude Oil Price

Eternal tanks 25% in 1 month; food delivery stock price nears 52-week low

Though Zomato and Swiggy are not witnessing any fall in volumes; however, they may see short-term demand pressure from LPG-dependent restaurants, analysts cautioned

How the Iran war's oil shock is giving Russia a $150 million daily boost

As the Iran war disrupts Gulf oil exports, higher prices and rising demand from India and China are delivering Russia an estimated $150 million a day in additional revenues

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

BSE FMCG, IT, Realty indices hit 52-week lows; down up to 13% in 1 month

Concerns over rising inflation stemming from potential energy supply disruptions and rationing prompted investors to book profits, while FII outflows added to the market pressure, said Geojit.

Nifty Metal index plunges 4%; Nalco, Hindalco, Tata Steel crack up to 7%

Nifty Metal index: At 10:45 AM on Friday; the metal index was the top sectoral indices loser down 4.3 per cent as against 1.3 per cent decline in the Nifty 50.

Asian stocks slump as Iran war keeps oil near $100, dents rate-cut bets

Brent futures were last at $99.85 a barrel, while West Texas Intermediate crude was at $95.05 a barrel

Oil jumps about 9% as Iran says Strait of Hormuz to remain closed

Brent futures extended gains to climb up $8.05, or 8.8 per cent to $100.03 at 10:25 a.m. ET or 1425 GMT, while U.S. West Texas Intermediate crude climbed $8, or 9.2 per cent to $95.25

How persistently high oil prices could impact India's vulnerable economy

The most immediate impact would be on India's current account deficit. This concern has pushed the rupee to a record low and forced the central bank to sell dollars from its reserves

OMC stocks: HPCL, BPCL, IOCL crack up to 19% so far in March; here's why

Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL) were down by 4 per cent each on the BSE in Thursday's intra-day trade.

Brent tops $100 as Iran attacks tankers in Iraq, Oman clears oil terminal

The global benchmark soared as much as 10.5 per cent to $101.59 a barrel, while West Texas Intermediate surged near $96

Iran war: Fiscal pressures on govt may mount next FY, say experts

A prolonged West Asia conflict could strain India's fiscal position through higher fertiliser subsidies, rising import costs and weaker revenue growth

Nomura cuts India FY27 GDP forecast to 7% amid West Asia conflict

Tensions in West Asia, if sustained, could test the goldilocks mix of robust growth and stable inflation, Nomura said in a recent note.

India's Russian oil purchases helping stabilise markets: US ambassador

US Ambassador Sergio Gor said India's ongoing Russian oil purchases are helping stabilise global oil markets amid volatility triggered by the escalating West Asia conflict

RIL US refinery may get Venezuelan oil access; need deal clarity: Analysts

Analysts believe Texas refinery deal could be a positive for Reliance given the current geopolitical environment; however, await for more clarity as the company is yet to issue an official statement.

Stock Market crash: Sensex, Nifty fall more than 1% each; key reasons here

Stock market crash: India VIX, the fear gauge index, spiked nearly 9 per cent to go past 20, indicating elevated uncertainty among traders and investors

Blatant insult: Cong slams Centre over US' remarks on Russian oil waiver

Condemning the US remarks, Congress called it a blatant insult to India's sovereignty and dignity

UN warns of higher food prices, cost-of-living if Strait of Hormuz shuts

The United Nations has warned of significant risks to global trade and development, including higher food prices and cost-of-living, if the Strait of Hormuz is closed amid the West Asia conflict. The UN Conference on Trade and Development (UNCTAD) said in a report Tuesday that the ongoing military escalation in the region due to the US-Israeli strikes on Iran and retaliation by Tehran has disrupted shipping flows through the Strait of Hormuz, one of the world's most critical maritime chokepoints. The narrow passage carries around a quarter of global seaborne oil trade and significant volumes of liquefied natural gas and fertilisers. "The resulting ripple effects go far beyond the region, affecting energy markets, maritime transport and global supply chains," the report said. "Higher energy, fertiliser and transport costs including freight rates, bunker fuel prices and insurance premiums may increase food costs and intensify cost-of-living pressures, particularly for the most ...

IEA floats proposal for largest-ever oil release amid West Asia conflict

IEA members are considering a record release of oil from strategic reserves to stabilise global markets as the West Asia conflict disrupts supply and triggers sharp volatility in crude prices

'Won't provide financial benefit to Russia': White House on oil waiver

Washington says move meant to ease global oil supply disruptions

Oil prices fall after IEA proposes largest oil stock release ever

Brent futures were ​trading down 23 cents, or 0.26 per cent ‌lower, at $87.57 ​a barrel ‌at 0023 GMT