Page 4 - Crude Oil

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

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

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

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

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

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

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

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

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

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