Page 2 - Crude Oil

Oil & Gas stocks tumble as crude regains $105; MGL, IGL, BPCL drop up to 4%

Among the index constituents, Mahanagar Gas fell around 4.5 per cent, followed by IOCL, BPCL, Adani Total Gas, HPCL, Petronet LNG, Chennai Petroleum, and GAIL down over 2 per cent each

Looming expiry of US sanctions waiver sets off scramble for Russia oil

Fears over the expiry of a US sanctions waiver pushed India's Russian oil imports to record highs as refiners raced to secure supplies

Under-recovery of ₹30K crore per month on LPG and fuel sales: Govt

State-run oil marketing companies are facing mounting under-recoveries as retail fuel prices remain largely unchanged despite crude oil hovering around $100 a barrel

Rupee gains for second day as crude prices fall below $100 per barrel

The rupee strengthened against the dollar for a second straight session as easing crude oil prices and optimism over US-Iran talks supported sentiment

Oil markets pricing levels ignores disruption, could have dire consequences

In the past, smaller shortfalls in supply had caused much larger increases in oil prices

Stranded Gulf supply, Iran conflict may push Brent toward $130-145: Analyst

If the conflict extends another eight weeks without a credible Hormuz reopening, expect Brent at $130-145 per barrel, with the World Bank's adverse scenario averaging $115 for the full year

India's fuel exports fall to lowest level since 2022 on West Asia crisis

The government has imposed a special additional excise duty to discourage exports. Crude oil supplies are lower, so is refining throughput

Crude at $125: Why Oil Is not hurting Indian oil firms as much as expected | West Asia war

Brent crude has surged to a four-year high of $125 per barrel. But there’s an unexpected twist. Falling spot premiums are cushioning the blow for India’s oil companies.

UAE’s Opec exit: What it means for India, the world & oil prices | Oil markets | Trump | Crude oil

UAE’s shock exit from Opec could reshape the global oil market. In this video, we explain what Opec does, why the UAE is leaving, and how this move could impact oil prices, India

Further oil spike likely to put the growth-inflation balance at risk

A fresh surge in crude oil prices amid West Asia tensions threatens to weaken India's growth outlook while pushing inflation higher in FY27

Venezuela, Brazil among India's top 5 crude oil suppliers in April

Supply disruptions in West Asia and Strait of Hormuz closure prompt India to recalibrate sourcing, with Venezuela and Brazil replacing Iraq and the US in April

India's oil trade deficit rises despite softer crude prices: Crisil

Rating agency flags divergence between global and domestic oil demand trends as imports outpace exports, putting pressure on India's overall trade balance

Rupee hits record closing low at 94.85 as crude surge pressures currency

The rupee fell to a record closing low of 94.85 per dollar, pressured by rising crude prices, foreign outflows and a stronger US dollar

Petrol, diesel sold below cost, losses seen at ₹14/L & ₹18/L, respectively

Oil marketing companies are selling petrol and diesel at a loss of Rs 14 per litre and Rs 18 per litre, respectively, as elevated crude prices outpace capped retail fuel rates, squeezing marketing margins. Besides losses on petrol and diesel, the elevated energy prices post West Asia crisis are likely to leave companies with an under recovery of Rs 80,000 crore on cooking gas LPG in the current fiscal, while fertiliser subsidy is projected to rise to Rs 2.05 to 2.25 lakh crore. Rating agency Icra said supply disruptions in the Strait of Hormuz - handling around 20 per cent of global oil and LNG trade - have tightened availability of fuels, fertilisers and chemicals, pushing up prices and increasing cost pressures across downstream industries. Crude prices before the West Asia crisis broke out two months back were around USD 70-72 a barrel. "The stable pump prices for auto fuels amid elevated crude oil prices are impacting the profitability of the oil marketing companies (OMCs)," sa

UAE to walk out of Opec, Opec+; India may gain from supply shifts

The UAE, with capacity of around 4.8 million barrels per day, has long been one of the most influential and compliant members of Opec+, and is currently the fourth-largest producer in the alliance

Rupee weakens, bond yields harden tracking rise in crude oil prices

Market participants said that state-owned banks bought dollars, likely on behalf of the Reserve Bank of India (RBI) - a move which avoided further depreciation

Time to build crude oil reserves as West Asia supply shock hits stocks

Experts said the crisis in West Asia is likely to prompt producers like Saudi Arabia, the UAE and Qatar to participate in building oil reserves in major consuming nations like India

Why is India’s core sector at a five-year low? | Crude oil | Natural gas | Fertilisers | Cement

India’s core industries, the backbone of industrial growth, just had their weakest year in five years. A sharp March contraction, driven by energy shocks and input shortages,

Crude oil cushion shrinks as supply fault lines deepen amid West Asia war

West Asia conflict and strained global supplies tighten India's oil cushion, raising risks of a crude crunch despite refiners tapping inventories

Bond yields ease after choppy trade, rupee remains under pressure

Government bond yields ended marginally lower after volatile trading, while the rupee stayed under pressure due to rising oil prices, global cues, and foreign outflows