Page 2 - Crude Oil

West Asia crisis: India to buy Russian oil despite US waiver lapse

India will continue purchasing Russian crude oil despite the expiry of the US waiver, while fuel retailers' under-recoveries have narrowed after the recent price hike

Sensex drops over 1,000 pts but still ends in green amid West Asia crisis

Benchmark indices recovered from sharp early losses as IT stocks rallied and foreign investors continued buying despite escalating tensions in West Asia

India can ride out crude supply disruption after Russian oil waiver ends

In May, flows are expected to come in at close to 1.9 million barrels a day, close to peak levels - though that still includes a period under the US permit that was allowed to expire over the weekend

UAE to double oil export capacity bypassing Strait of Hormuz by 2027

Abu Dhabi National Oil Co. is building a pipeline that runs to the port of Fujairah on the Gulf of Oman, according to a statement from the emirate's media office

Japanese crude tanker emerges after going dark near Strait of Hormuz

Eneos Endeavor had sailed into the Persian Gulf in late February to pick up crude from the United Arab Emirates' Das Island and Kuwait's Mina Al Ahmadi

Oil India Q4 results: Profit jumps 62% to ₹2,424 crore, revenue rises 4%

State-run upstream company reports higher crude oil production, record drilling activity and improved profitability during FY26

MPC to look through West Asia shock if it's transitory: RBI Governor

Coordination with fiscal policy becomes critical amid 'supply shock as bad as it is', says Malhotra

Crude tanker detained off Odisha coast over unpaid bunker fuel dues

Orissa High Court ordered arrest of MT Unity after a UAE-based fuel supplier alleged non-payment of bunker fuel dues exceeding ₹4 crore

Rupee weakens to fresh low of 95.31 per dollar amid West Asia conflict

The rupee weakened sharply as rising Middle East tensions lifted crude oil prices, strengthened the dollar and intensified pressure on India's external balances

FY27 CAD likely to widen amid West Asia headwinds, say economists

Economists broadly agree that this financial year is shaping up to be tougher than the last for the external account

Beyond appeals: Prices are the best way to change consumer behaviour

If the government allows prices to adjust swiftly in response to the changed supply situation, then people will automatically follow suit

India maintains 60-day crude stock; no fuel rationing planned: Oil Secy

India has maintained adequate crude oil, petroleum product and LPG reserves despite global supply disruptions, Oil Secretary Neeraj Mittal said

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.