Page 2 - Crude Oil

Crude oil outlook: WTI seen at $55-60 as Asian demand offsets rising supply

Forecasts from major energy bodies suggest a trend toward inventory builds and moderated prices, contingent on geopolitical stability and production policies

India's crude oil loadings from Russia dip, but robust in December

Unless wider secondary sanctions are introduced, India is expected to continue sourcing from non-sanctioned Russian suppliers, say experts

OMCs may see rerating as crude stays soft, GRMs strong and LPG losses ease

The next few quarters could favour downstream refiners and marketers over upstream, with Brent expected to stay in a $60-65 range or drift lower, while GRMs remain strong and LPG under-recoveries ease

Near-term margin pressure for city gas distribution companies' stocks

Since administered pricing mechanism (APM) and new well gas (NWG) prices are tied to global prices, which are tied to crude, this may be a positive

Saudi Arabia cuts crude rates as India buys more oil from the US, Russia

Saudi Arabia is offering more competitive rates amid widening discounts of $5-7 per barrel offered on Russian Urals barrels and a surge in purchases of US crude oil by India

India's crude security holds as refiners pivot from sanctioned suppliers

With the November 21 deadline now past, India's Russian crude inflows are easing but not collapsing as refiners pivot to non-sanctioned suppliers, tap alternatives and benefit from soft global prices

Putin in Delhi: Can India plug its $60bn Russia trade gap?

India and Russia are chasing a $100 billion trade goal, but India is staring at a $60 billion trade deficit driven largely by Russian oil.

Rupee hits fresh low against dollar, nears 90/$-mark amid rising pressures

Indian Rupee touched a new record low of 89.97 against the US dollar on December 1, 2025, amid delays in the India-US trade agreement, and limited RBI intervention

Crude oil slips as Russia-Ukraine peace talks advance; WTI seen below $52

WTI plunged 2.5 per cent over the past five trading sessions to $58.05/bbl, shedding 5.5 per cent in the last month and more than 20 per cent since mid-June highs near $73/bbl

India's Russian oil imports set to fall to three-year low in December

This month, India is expected to receive 1.87 million bpd of Russian crude, provisional data from Kpler showed

US sanctions risk leaving 48 million barrels of Russian oil stranded at sea

Washington's move last month to blacklist top oil producers Rosneft PJSC and Lukoil PJSC is arguably its most aggressive to date under the current administration

Reliance stops Russian crude imports at SEZ refinery ahead of US–EU sanctions

Reliance Industries has halted Russian crude oil imports for its export-oriented refinery in Jamnagar, shifting fully to alternative sources ahead of new US and EU restrictions.

Reliance stops import of Russian crude oil into Jamnagar's SEZ refinery

India's Russian oil loadings at 3-yr low in Nov as refiners grow wary of US sanctions

RIL stops importing Russian crude oil for export-oriented SEZ refinery

Stoppage of Russian crude imports comes a day before US sanctions against Rosneft and Lukoil kick in; however, RIL said it is honouring all previously-agreed shipments of Russian crude as of Oct 22

Indian OMCs unlikely to see impact on margins after US curbs on Russian oil

Fitch Ratings says sanctions on Rosneft and Lukoil - which supply around 60% of India's Russian crude - may not materially affect OMC margins, though compliance challenges

Indian refiners HPCL, MRPL buy 5 million barrels of US, West Asia oil

Mangalore Refinery and Petrochemicals Ltd has bought one million barrels of Basra Medium crude for January 1-7 delivery

Russia's crude exports tumble as US sanctions hit key Asian buyers

Russian exporters are continuing to load crude onto tankers, but refiners are less willing to take the cargoes into their storage tanks

Oil imports from US at 4.5-yr high in Oct: Russian supply also stays strong

India's crude oil imports from the US rose to the highest level in October since March 2021 as refiners bought 593 thousand bpd of crude oil from Washington

IOCL seeks up to 24 million oil barrels from Americas amid Russia curbs

The state-backed refiner, India's largest, is seeking grades from the US, Canada, Brazil and Latin America

India-bound tanker carrying Russian crude makes u-turn in Baltic Sea

The Furia was moving westward in a strait between Denmark and Germany when it turned around on Tuesday and sailed for a short distance before slowing down drastically, ship-tracking data showed