Page 3 - Crude Oil
Datanomics: The collapse and return of Venezuela oil trade with India
Venezuela's return as a top crude supplier highlights how oil alone has shaped India-Venezuela trade, from a $14-billion peak to near-collapse and revival
 "Datanomics: The collapse and return of Venezuela oil trade with India")
Rupee appreciates beyond 95 briefly as dollar positions unwind on oil slide
The rupee appreciated sharply and government bond yields eased as lower crude oil prices and hopes of a US-Iran agreement improved investor sentiment
 "Rupee appreciates beyond 95 briefly as dollar positions unwind on oil slide")
'Bear beneath the barrel': Mirae Asset sees weak demand limiting oil rally
The path of least resistance for Brent over the next two quarters appears skewed to the downside, with Brent prices likely drifting below $90/bbl
 "'Bear beneath the barrel': Mirae Asset sees weak demand limiting oil rally")
Indian refiners secure crude, LPG supplies till August despite Iran war
Indian refiners, including Indian Oil Corp and Mangalore Refinery and Petrochemicals Ltd, have also purchased crude through spot tenders in recent weeks
 "Indian refiners secure crude, LPG supplies till August despite Iran war")
Govt restores royalty rate on crude oil from nomination blocks to 16.66%
Royalty on crude produced from onland nomination and pre-NELP blocks will again be calculated on a cum-royalty basis, reversing a key May 8 reform
 "Govt restores royalty rate on crude oil from nomination blocks to 16.66%")
India-US energy ties can help achieve $500 bn trade goal by 2030: Report
A USIBC-Grant Thornton Bharat report highlights opportunities across LNG, crude oil and petrochemicals to deepen trade, investment and energy security ties
 "India-US energy ties can help achieve $500 bn trade goal by 2030: Report")
Royalty rate cuts aim to reduce costs, boost oil and gas exploration
While lower royalties are expected to improve project viability and attract investment, concerns remain over poor prospectivity data, limited discoveries, and competition from more attractive regions
 "Royalty rate cuts aim to reduce costs, boost oil and gas exploration")
A slippery slope: Why India must prioritise growth over rupee fears
High oil prices, a weakening rupee and global capital shifts demand bold policymaking to protect growth and build resilience against external shocks
 "A slippery slope: Why India must prioritise growth over rupee fears")
Indian Oil Corp buys 5 million barrels of crude from Africa, West Asia
IOC purchased Angola's Kissanje and Nemba crude for delivery to its Paradip refinery
 "Indian Oil Corp buys 5 million barrels of crude from Africa, West Asia")
India's investment slowdown is a fallout of deeper structural shifts
Taken together, the Indian economy requires some mechanism for stimulating private investment in the real economy
 "India's investment slowdown is a fallout of deeper structural shifts")
India turns to Latin America, Africa for crude oil amid West Asia crisis
In April and May, Indian refiners raised imports from Venezuela, Brazil, Angola and Nigeria to make up the shortfall, as well as continuing to buy Russian oil
 "India turns to Latin America, Africa for crude oil amid West Asia crisis")
Revenue channels: RBI's surplus transfer will not ease fiscal pressure
The crisis in West Asia and the resultant surge in prices of crude oil have significantly complicated the overall Budget arithmetic
 "Revenue channels: RBI's surplus transfer will not ease fiscal pressure")
Rising crude oil prices a challenge for external sector: RBI's report
RBI warns elevated crude oil prices and supply pressures could fuel inflation risks and strain India's external sector despite resilient growth
 "Rising crude oil prices a challenge for external sector: RBI's report")
India's gains crimped as US changes terms in Russian oil waiver extension
Fresh US waiver terms may curb Russian oil supplies to India as sanctioned cargo availability shrinks and refiners face mounting geopolitical uncertainty
Crude prices could influence growth, inflation: EAC-PM chief S Mahendra Dev
EAC-PM Chairman S Mahendra Dev said higher crude prices and supply disruptions from the West Asia conflict could weigh on India's growth and inflation
 "Crude prices could influence growth, inflation: EAC-PM chief S Mahendra Dev")
India's oil trade deficit requires it to tame its demand as well
Reducing oil import dependence requires India to also curb its demand for oil
 "India's oil trade deficit requires it to tame its demand as well")
Two supertankers exit Strait of Hormuz with 6 million barrels of crude oil
The ships are among a handful of supertankers exiting the Gulf this month via a transit route that Iran has ordered ships to use
 "Two supertankers exit Strait of Hormuz with 6 million barrels of crude oil")
Datanomics: PM Modi's 5-nation tour likely to strengthen trade ties
PM Narendra Modi's five-nation tour underscores India's push to deepen trade ties as exports to these countries outpace imports despite a cumulative trade deficit
 "Datanomics: PM Modi's 5-nation tour likely to strengthen trade ties")
West Asia crisis: Russian oil waiver extension a huge relief, say experts
he US has extended sanctions waiver on Russian oil purchases till June 17, easing pressure on Indian refiners reliant on discounted crude imports
 "West Asia crisis: Russian oil waiver extension a huge relief, say experts")
Rupee slides to new low of 96.4/$; bond yield surge 7 bps to 7.13%
The rupee weakened to a fresh low and bond yields climbed sharply as rising crude oil prices and higher US Treasury yields rattled financial markets
 "Rupee slides to new low of 96.4/$; bond yield surge 7 bps to 7.13%")