Page 2 - Crude Oil

Indices hit 10-week closing high on HDFC Bank gains, easing crude

Indian equity benchmarks rose to their highest closing levels in about 10 weeks, supported by HDFC Bank, easing crude oil prices and continued foreign portfolio investor inflows

Nifty IT logs best 1-day gains in over a year; Sensex climbs 580 points

Nifty ended the session at 24,176, a gain of 170 points, or 0.7 per cent

India, Japan to partner on strategic petroleum reserves, energy transport

The two countries will cooperate on strategic petroleum reserves, maritime energy transport and upstream investments to strengthen energy resilience amid geopolitical uncertainty

OIL targets early 2027 for commissioning of Numaligarh refinery expansion

State-owned Oil India expects its Rs 28,000 crore Numaligarh refinery expansion project to be operational by early 2027, tripling refining capacity to 9 million tonnes

Russian crude oil imports reach record high in June as discounts widen

Russian crude imports rose to a record 2.58 million barrels a day in June as discounts widened and refiners diversified sourcing amid supply constraints from West Asia

40-day oil buffer plan enters action phase with five new SPR projects

The West Asia crisis has intensified concerns over India's ability to withstand global oil supply disruptions

FMCG firms stall price hikes as lower oil prices support volume growth

Consumer goods companies are delaying planned price hikes as easing crude oil prices reduce input cost pressures, helping them protect volume growth amid a fragile demand recovery

Drilling for oil in a disputed belt amid push for Northeast exploration

A tripartite agreement hopes to clear the ground for oil and gas exploration in the Northeast, but it won't be easy

Lower crude prices, strong demand to support IndiGo earnings upgrades

Easing crude oil prices, strong demand and IndiGo's expansion plans are expected to boost earnings, while lower fuel costs could improve margins across the aviation sector

Rupee, bonds gain as oil falls below pre-Iran war levels; FPIs buy debt

The rupee rose for a fourth straight session and bond yields eased as crude oil prices fell below pre-conflict levels and strong foreign debt inflows lifted market sentiment

Best of BS Opinion: RBI strategy, Greenspan's legacy, and Kolkata's renewal

Today's opinions explore India's forex reserve strategy, Alan Greenspan's complex legacy, West Bengal's urban renewal agenda, maize-led farm growth and China's coercive diplomacy

Russian oil imports may hit record high in June on discounts, supply curbs

Until June 20, Russia contributed to nearly 50 per cent of India's total crude oil imports in the month, showed data from maritime intelligence firm Kpler

US authorises Iranian oil sales as talks advance towards final peace deal

The United States has temporarily eased sanctions on Iranian oil exports, linking the move to commitments by Tehran on nuclear inspections and free transit through the Strait of Hormuz

What's inside the US-Iran peace deal? | Trump | Strait of Hormuz | Crude oil | Nuclear programme

The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy more than three months since the conflict began.

Why a peace deal won't solve India's stock market problems | Sensex | US-Iran war | Crude oil

The US-Iran peace deal has lifted global sentiment, pushed oil prices lower, and sparked a rally in Indian stocks. But does this mark the beginning of a sustained recovery for Indian markets?

Iran resumes crude exports from Kharg Island after US lifts blockade

Iran has been the early winner from the easing of tensions with the US following the signing of an interim peace deal and has wasted no time in resuming oil exports

Three India-flagged oil tankers cross Hormuz with 94 crew onboard

Three Indian-flagged crude oil tankers carrying over 8.6 lakh million tonnes of cargo with 94 crew members from the country transited through the Strait of Hormuz on Saturday and are en route to India, Union Minister Sarbananda Sonowal said. The three crude oil tankers -- Desh Vaibhav, Desh Vibhor, and Sanmar Herald -- are expected to arrive in India between June 24 and July 1. While Desh Vaibhav is expected to reach Vadinar Port on June 24, Desh Vibhor is likely to arrive at Sikka Port the same day. Sanmar Herald, the third Indian-flagged oil tanker to cross the Strait of Hormuz on Saturday, is scheduled to reach Paradip on July 1. "3 Indian-flagged crude oil tankers, Desh Vaibhav, Desh Vibhor and Sanmar Herald carrying over 8.6 Lakh MT of cargo with 94 Indian crew members have successfully transited the Strait of Hormuz today and are en route to India," Minister of Ports, Shipping & Waterways Sonowal said in a post on X. "Under the decisive leadership of Hon'ble PM Shri ...

Who controls the future? Oil, AI and power | US-Iran peace deal | Oil price | Macro Matters Ep 3

In this episode of Macro Matters, veteran journalist A. K. Bhattacharya joins us for a wide-ranging discussion on the forces shaping the future of global power.

Supertankers with 80 million barrels of oil ready to pass through Hormuz

Data from Vortexa shows most cargoes are destined for Asia, with several tankers already indicating routes toward China and regional transshipment hubs in Southeast Asia