Crude Oil Supply
Oil market at crossroads as US-Iran diplomacy reshapes outlook: Analyst
Mohammed Imran of Mirae Asset Sharekhan said that oil market is entering a highly sensitive phase as geopolitical risks are weighed against the possibility of a breakthrough in the US-Iran crisis.
 "Oil market at crossroads as US-Iran diplomacy reshapes outlook: Analyst")
Crude, not rupee, holds key to FII flows; JM Fin flags $105 threshold
According to its analysis, past FII flows help predict the next month's USD/INR movement, but past movements in the currency do not predict FII flows.
 "Crude, not rupee, holds key to FII flows; JM Fin flags $105 threshold")
US-Iran war may keep oil in broad $105-120/bbl range: Mirae Asset Sharekhan
Overall standoff would see broader range of Brent range of $105-120, a deal could unwind risk and Brent could moderate to, a $95-110 "crunch" remains the base case.
 "US-Iran war may keep oil in broad $105-120/bbl range: Mirae Asset Sharekhan")
West Asia war keeps $110 in sight for oil despite supply recovery: Analyst
Oil price outlook: Escalating tanker strikes, Houthi pressure on Gulf infrastructure and Iranian tactical framing around the midterm calendar keep the floor firm.
 "West Asia war keeps $110 in sight for oil despite supply recovery: Analyst")
Oil volatility to rise ahead of midterm; Brent may test $120: Analyst
Mohammed Imran of Mirae Asset Sharekhan expects Brent to become more volatile ahead of the US midterm election. Brent futures may test the resistance of $120/b in the near term.
Goldman ups Dec'26 oil forecast to $90/bbl; 2027 worst-case pegged at $125
WTI crude prices, which are unusually low versus Brent because of high US-Europe shipping costs, Goldman Sachs' analysts said, are likely to average $81 in December 2026 and $73 in 2027.
 "Goldman ups Dec'26 oil forecast to $90/bbl; 2027 worst-case pegged at $125")
West Asia crude exports exceed pre-war levels despite tanker attacks
West Asia crude exports exceeded pre-war levels on four days in late September even as tanker attacks increased in and around the Strait of Hormuz
 "West Asia crude exports exceed pre-war levels despite tanker attacks")
Iraq says it transported 2 million barrels of crude via Strait of Hormuz
The announcement means the company is transporting the crude through the strait rather than delivering it at the port of Basra
 "Iraq says it transported 2 million barrels of crude via Strait of Hormuz")
No fuel supply restrictions imposed across retail network: Nayara Energy
The company said it was ensuring fuel availability across its network after Petroleum Secretary Neeraj Mittal said private retailers would be told to stop capping sales.
 "No fuel supply restrictions imposed across retail network: Nayara Energy")
India's crude import bill rises 48% to $74.8 bn in Apr-Aug amid high costs
India spent $24.4 billion more on crude in April-August despite a 0.4% fall in import volumes as prices rose in international markets amid supply concerns due to the West Asia conflict
Exim Matters: Russian oil, American tariffs and Indian exporters
Exporters have adapted to tariffs and geopolitical disruptions, but thinner margins and fresh US levies could make resilience harder to sustain
 "Exim Matters: Russian oil, American tariffs and Indian exporters")
Saudi Aramco halts crude supplies to Indian refiners after pipeline attack
The East-West pipeline was shut after drone attacks, disrupting a key Saudi supply route as crude flows from the Gulf region remain under pressure
 "Saudi Aramco halts crude supplies to Indian refiners after pipeline attack")
Elevated oil prices are the new normal; $120/bbl possible, say analysts
For the first time since the US-Iran war started in February 2026, S&P Global Energy does not project West Asian crude oil production to return to prewar levels by the end of 2027
 "Elevated oil prices are the new normal; $120/bbl possible, say analysts")
Crude oil at $120/bbl? Mirae Asset Sharekhan explains why this is possible
Average crude oil prices will stay significantly higher than the previous forecast, as the recent turn of events would shrink global inventories.
Oil may top $100 as Hormuz, Russia risks persist: Mirae Asset Sharekhan
Mirae Asset Sharekhan believes that the crude oil market balance is likely to remain in deficit through 2026.
 "Oil may top $100 as Hormuz, Russia risks persist: Mirae Asset Sharekhan")
Hormuz disruption to keep oil prices firm; $100/bbl risk looms: Analysts
Rabobank expects Brent to remain volatile in the months ahead, with $70-$75/bbl acting as the lower-end support zone and $95-$100 forming the upper end of the range.
Higher crude oil prices risk demand destruction, says Mirae Asset Sharekhan
The main source of uncertainty remains the US-Iran standoff and the continuing disruption around the Strait of Hormuz.
 "Higher crude oil prices risk demand destruction, says Mirae Asset Sharekhan")
Saudi Aramco offers crude oil outside Hormuz to some Asian refiners
In a rare move, Aramco is in talks with buyers to supply Arab Medium and Arab Heavy crude via ship-to-ship (STS) transfers off Fujairah in the UAE, the sources said.
 "Saudi Aramco offers crude oil outside Hormuz to some Asian refiners")
Hormuz and India's neighbours: How China escaped West Asia crisis intact
By sharply reducing oil imports, China not only shielded its own economy from a supply shock (to an extent) - its impact also helped cushion the price shock for other Asian economies, analysts said
BPCL, HPCL post Q1 losses amid crude oil spike, weak fuel margins
State-run oil refiners reported quarterly losses as higher crude oil prices, weak fuel marketing margins and LPG under-recoveries weighed on earnings
 "BPCL, HPCL post Q1 losses amid crude oil spike, weak fuel margins")