Page 3 - Crude Oil Prices

Worst is over for crude oil prices for now: Jim Burkhard, S&P Global Energy

Oil prices will remain volatile, but we expect Brent to move into the $80-$90 range, says Jim Burkhard, vice-president and head of research for oil markets, energy and mobility at S&P Global Energy.

Oil prices rebound after selloff, awaits progress on Strait of Hormuz flows

Prices fell more than 3 per cent on Monday after the United States granted Iran a 60-day sanctions waiver following initial peace talks

Foreign currency inflows to support domestic liquidity: RBI's MPC member

The growth-inflation outlook remains clouded despite easing West Asia tensions, with risks from food prices and supply chains, says Bhattacharya

EXIM matters: Fragile US-Iran ceasefire brings relief, likely to last

A pause in West Asia hostilities offers relief on energy, freight and trade costs, but India must stay alert as the US-Iran understanding remains fragile

Oil prices fall as tankers resume transit through Strait of Hormuz

By 0645 GMT, Brent crude futures gained 51 cents, or 0.64 per cent, to $80.36 a barrel, and ‌US West Texas Intermediate crude rose $1.28, or 1.7 per cent, to $77.88 a barrel

Silver prices fall sharply as USD surges on hawkish Fed; may test $60

Silver was trading at $66, down 7.78 per cent from June 17 high of $71.57.

Oil prices fall 2% to lowest since start of Iran war on US-Iran peace deal

Brent crude futures were down $1.64, or 2.06 per cent, at $77.91 a barrel ‌as of 0427 GMT, and US West Texas Intermediate fell $1.80, or 2.34 per cent, to $74.99 a barrel

Fuel prices can't be cut immediately after global rates fall: Suresh Gopi

Union Minister Suresh Gopi on Thursday said that the fuel prices cannot be reduced immediately when the rate of global crude comes down as it involves many factors, including the time taken for the cheaper oil to reach India. Gopi, the Union Minister of State for Petroleum, Natural Gas and Tourism, said of the recent hike in fuel prices, only an increase of around Rs 3.94 per litre has made an impact, but it cannot be immediately rolled back just because the cost of crude has gone down globally. "It will take time as the cheaper crude has to be transported to India via Strait of Hormuz, which will see an excessive traffic of ship movement. So things will have to be normalised," he told reporters here. He further said that since the war broke out in West Asia in February this year, the oil companies were impacted in a big way and the central government absorbed the impact to a good extent. "By absorbing the impact, the Centre lost Rs 12,000 crore. None of the states reduced their ..

CEEW flags risks to India's energy security from import exposure

The think tank recommends diversifying crude and LNG suppliers, expanding strategic reserves and modernising refineries to reduce vulnerabilities to supply shocks

India Market Strategy: PhillipCapital expects moderate FY27 returns

In event of an end to the West Asia war, equities seem to be favourably placed and macros should improve, says PhillipCapital in its India Strategy report.

Oil dips as investors weigh Iran war deal, Hormuz reopening uncertainty

Brent crude futures dipped 16 cents, ​or 0.2 per cent, to $78.80 a barrel by 0340 GMT, while US West Texas Intermediate fell 25 cents, or 0.3 per cent, ‌to $75.80 a barrel

Turning the tide: India must address fundamental gaps in external account

Easing West Asia tensions may stabilise India's external accounts, but policymakers must focus on boosting FDI, exports and long-term capital inflows

Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan

Shipping data firm Kpler estimates that daily transits may rise to around 40 vessels within the first month - less than half the pre-war average of 100, says Mohammed Imran, of Mirae Asset Sharekhan.

Best of BS Opinion: Hope is not a strategy, capacity is

From geopolitics and women's empowerment to manufacturing, the rupee and technology, lasting progress depends less on hope and more on building capacity

US-Iran to sign peace deal after months of war: What it means for India

After months of conflict, the US and Iran have agreed to a peace deal. The move could lower oil prices, support the rupee, revive India's exports and ease inflation concerns

Oil retreat hands RBI an assist in boosting rupee's near-term outlook

Economists have upgraded their outlook for India's balance of payments following the RBI's measures, with most now expecting a marginal surplus this fiscal year

Hormuz reopening may ease India's oil worries, curb inflation risks

A reopening or normalization of shipping through the Strait of Hormuz would provide significant relief for India, one of the world's largest crude importers, by easing concerns over oil supplies, lowering freight costs and reducing pressure on inflation. The narrow waterway between Iran and Oman handles roughly a fifth of global oil consumption and serves as the primary export route for major Gulf producers, including Saudi Arabia, Iraq, Kuwait, the United Arab Emirates and Qatar - all key energy suppliers to India. Supply of crude oil - the raw material for making fuels like petrol and diesel - and natural gas - the feedstock used to generate electricity, produce fertiliser, turned into CNG to run automobiles and piped to household kitchens for cooking - through the strait was disrupted since the start of Iran in the end of February. This triggered sharp increases in crude oil prices, shipping insurance premiums and freight rates. Industry sources and analysts said the reopening an

Oil prices fall over 4% after US, Iran reach peace deal, reopen Hormuz

Brent crude futures ‌fell $3.51, ​or 4.02 per cent, ‌to $83.82 by 2203 GMT ‌and US ‌West Texas Intermediate ​was ​at $80.95 a barrel, down $3.93, or ‌4.63 per cent

Should you sell in the market rally today? What analysts suggest

While the global setup has turned positive, analysts suggest investors remain watchful of profit booking at higher levels after the recent volatility.

Oil prices slump to 2-month low as Trump calls off planned strikes on Iran

Brent futures were down $2.11 or 2.3 per cent at $88.27 a barrel by 0640 ‌GMT, while US West Texas Intermediate (WTI) crude dropped $1.90, or 2.2 per cent, to $85.81