Crude Oil Supply

Oil can flare 57% to $110/bbl in worst-case on Iran-US tensions: Analysts

On the flip side, a deal between the US and Iran coupled with the excess global supply/capacity could see limit the upside after a volatile phase, analysts said.

India rebalances crude slate as Saudi gains, Russian flows ease

India's crude import strategy is entering a phase of calibrated rebalancing rather than abrupt realignment, with Middle Eastern suppliers led by Saudi Arabia regaining market share even as Russian volumes remain significant but increasingly shaped by geopolitics and compliance constraints, according to shipping data and analysts. During February 1-18, India's total crude imports averaged 4.85 million barrels per day (bpd), down 8 per cent from January's 5.25 million bpd, as flows from Russia cooled following US sanctions on key Russian exporters and the European Union's 18th sanctions package coming into effect last month. Ship tracking data showed Russian shipments to India declining from 1.28 million bpd in December 2025 to 1.22 million bpd in January and further to around 1.09 million bpd in early February, down about 10 per cent month-on-month. "Russian crude imports into India are estimated at around 1.0-1.2 million bpd in February, easing toward roughly 800,000 bpd to 1 millio

Asian markets make cautious start, oil rises ahead of US-Iran talks

Mainland Chinese, Hong Kong, ​Singapore, Taiwan and South Korea markets were closed on Tuesday for Lunar New Year ​holidays. US markets were shut on Monday for Presidents' Day

Indian refiners see limited gains from Venezuela as Russian oil dries up

Venezuela's heavy, acidic grades are a poor replacement for higher-quality Russian variants, which are now declining in India's crude oil basket due to US pressure

How sanctioned oil travels the world through shadow fleets and fake flags

Recent Indian and US mid-sea operations have exposed a hidden system that allows sanctioned oil to bypass global restrictions through shadow tankers, false flags and offshore transfers

Venezuela long-standing energy partner, India open to crude sourcing: MEA

India said Venezuela has been a long-standing energy partner and New Delhi remains open to exploring crude supply options based on commercial merit, even as energy security stays the top priority

Asia stocks unsteady, oil jumps on Gulf tensions, gold makes a comeback

Oil prices climbed after the US shot down an Iranian drone and armed boats approached a US-flagged vessel ‍in a key waterway, while precious metals found a firmer footing ​after a recent rout

US pitches Venezuelan crude to India as its Russian oil imports slow

India became a major buyer of Russian oil after Russia's invasion of Ukraine in 2022 triggered Western sanctions that drove down its price

Offers of Venezuelan oil limited, most going to US, say Indian refiners

Indian refiners say only small volumes of Venezuelan crude are being offered as most supplies are directed to the United States

Russia's secret oil ships: How shadow tankers evade the West's watch

In order to avoid tracking, many of these ships turn off their automatic identification system, disappearing from standard maritime monitoring

How US' military operation in Venezuela could impact oil supply chains

US forces have captured Venezuelan President Nicolás Maduro, an intervention that is raising urgent questions about its implications for oil production, prices, exports and global supply chains

Crude oil outlook for 2026 remains range-bound amid persistent supply glut

Despite multiple flashpoints during the year, oil prices struggled to sustain rallies, highlighting the market's growing sensitivity to excess supply

Cheap oil-linked LNG supply to India trumps US gas amid trade talks

Indian buyers favour cheaper oil-linked LNG over US gas as henry hub prices and freight costs rise, cooling appetite for long-term US LNG deals amid ongoing trade talks

New sellers, old oil: How Russian crude still flows to India via West Asia

Emergence of new sellers reflects the importance of the $60 bn Indo-Russian trade to oil producers and refiners of both nations

India tops Russian oil imports via 30 false-flagged tankers: Think tank

European think tank CREA has claimed that these shipments made India the largest national destination for crude moved by Russia's growing 'shadow fleet'

Oil prices face bearish pressure from potential Russian supply disruptions

Mohammed Imran, research analyst at Mirae Asset Sharekhan believes that global market will remain in surplus of 0.5-0.7mbpd in 2026

Bearish oil outlook: Supply surplus, soft demand to cap WTI near $62

Crude oil Outlook: WTI to trade $57-$62/bbl near-term, with upside to $65+ on Russian disruptions. Bearish base case holds unless geopolitics escalate.

Crude oil to see short-term bullish momentum; check strategy, key levels

Oil prices are projected to trade in a broader $58-$64 range in the coming weeks

RIL buys West Asian crude amid Western pressure against Russian flows

While Reliance's typical diet does include crude from the region, the recent spurt of buying was more active than usual

Crude oil outlook: Supply glut, macro headwinds to cap rally; target & more

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