Page 6 - Crude Oil Prices
Rupee may slip further to 97/$ if West Asia war prolongs: BS poll
Don't expect rapid, drastic reversal even if calm returns, say experts
 "Rupee may slip further to 97/$ if West Asia war prolongs: BS poll")
Higher crude oil prices, uncertainty weigh on commercial vehicle sales
Surging crude prices and geopolitical tensions weigh on commercial vehicle demand outlook, even as strong freight activity supports near-term growth in volumes
 "Higher crude oil prices, uncertainty weigh on commercial vehicle sales")
Seven secretary panels to appraise iGoM on measures amid West Asia crisis
The first meeting of the iGoM, which also comprises Union ministers Amit Shah, Nirmala Sitharaman and Hardeep Singh Puri as other members, might be held on Saturday, sources said
 "Seven secretary panels to appraise iGoM on measures amid West Asia crisis")
Govt starts talks with automobile companies on shift from E20 to E25
Government explores E25 fuel shift beyond E20, but automakers flag emission risks, liability concerns, and lack of testing amid rising crude oil pressures
 "Govt starts talks with automobile companies on shift from E20 to E25")
High energy prices may impact FY27 fiscal position; buffers available: ICRA
Elevated global crude and gas prices may affect India's FY27 fiscal position, though buffers such as expenditure savings and fiscal tools could help manage pressures, ICRA said
 "High energy prices may impact FY27 fiscal position; buffers available: ICRA")
Higher-grade fuel gets costlier amid spike in oil prices; OMCs hike rates
Benchmark Brent prices slipped to around $105 per barrel on Friday, from the highs of $119 a day earlier
 "Higher-grade fuel gets costlier amid spike in oil prices; OMCs hike rates")
Oil surges to $108 per barrel amid West Asia war; India denounces strikes
To secure supplies, 13 tankers carrying around 3.5 lakh tonnes of LPG are currently headed from the US to India
 "Oil surges to $108 per barrel amid West Asia war; India denounces strikes")
Indices see worst fall in 21 months as crude shock triggers selloff
Indian equities tumble as crude oil prices spike amid West Asia tensions, fuelling fears of inflation and slowing growth, with indices logging their sharpest fall in nearly two years
 "Indices see worst fall in 21 months as crude shock triggers selloff")
Skoda Auto India keeps foot on the pedal, targets 10-12% growth
Skoda Auto India targets 10-12% growth in 2026, outpacing the market, even as West Asia tensions and rising oil prices pose risks to demand and supply chains
 "Skoda Auto India keeps foot on the pedal, targets 10-12% growth")
If war ends soon, most emerging mkts in APAC can absorb blow: Louis Kuijs
Rising oil prices from the US-Israel-Iran conflict threaten Asia's growth, widening deficits, fuelling inflation, and testing energy security across major economies
 "If war ends soon, most emerging mkts in APAC can absorb blow: Louis Kuijs")
Crude above $100: What it means for India's economy and energy
Crude oil above $100 a barrel threatens to widen India's CAD, stoke inflation, and strain key sectors, even as upstream firms gain and downstream players face margin pressures
If short-lived, conflict unlikely to dent India's macro outlook: Economists
Economists say a brief West Asia conflict may have limited impact on India's macro outlook, though risks could emerge if crude oil prices stay elevated for a prolonged period
 "If short-lived, conflict unlikely to dent India's macro outlook: Economists")
RBI steps up support for rupee, bond markets as crude oil prices surge
Central bank steps into forex and bond markets as rising crude prices threaten inflation, the rupee and government finances
 "RBI steps up support for rupee, bond markets as crude oil prices surge")
Crude at $115 per barrel could raise India's oil import bill by $64 billion
If global crude averages $110-115 per barrel in FY27, India's net oil imports could rise by $56-64 billion annually, worsening the current account deficit and fuelling inflation
 "Crude at $115 per barrel could raise India's oil import bill by $64 billion")
Global equities, bonds sink as West Asia crisis stokes inflation fears
Hormuz blockade, surging oil prices may weigh on Indian markets
 "Global equities, bonds sink as West Asia crisis stokes inflation fears")
Oil producers may benefit as crude spikes amid Hormuz disruption risk
Escalating tensions in West Asia threaten crude and LNG flows via the Strait of Hormuz, pushing prices sharply higher and lifting prospects for ONGC and Oil India even as OMCs face pressure
 "Oil producers may benefit as crude spikes amid Hormuz disruption risk")
Oil price surge hits airlines, tyre stocks; IndiGo slides 7%, JK Tyres 16%
Airlines, tyre and paint stocks tumble as crude surges 9 per cent amid Iran-Israel-US tensions. Shares of IndiGo, SpiceJet, JK Tyre, Asian Paints, Berger Paints slide sharply on Monday
 "Oil price surge hits airlines, tyre stocks; IndiGo slides 7%, JK Tyres 16%")
India faces oil shock as Iran war intensifies and supply risks grow
US and Israeli strikes that killed Ayatollah Ali Khamenei have deepened open conflict with Iran and rattled West Asia, disrupting sea routes via Strait of Hormuz, fuelling oil price spike
 "India faces oil shock as Iran war intensifies and supply risks grow")
Crude oil prices, competition likely to dull paint makers' margins
Paint stocks slipped in FY26 Q3 as weak decorative demand, intense competition and rising crude oil prices outweighed hopes of a volume-led recovery
 "Crude oil prices, competition likely to dull paint makers' margins")
Stock Market Close: Sensex gains 317 pts; Nifty tops 25,500 despite US-Iran tensions; SMIDs mixed
Sensex Today | Stock Market Highlights, Friday, Feb 20: In the broader markets, the Nifty MidCap 100 ended 0.48 per cent higher, while Nifty Smallcap was down 0.11 per cent
 "Stock Market Close: Sensex gains 317 pts; Nifty tops 25,500 despite US-Iran tensions; SMIDs mixed")