Page 6 - Crude Oil

Can the oilfields amendment Bill allay concerns, attract global drillers?

India imports nearly 90% of its crude oil, half of its natural gas, and over 60% of LPG

Oil declines nearly 3% on signs of progress in US-Iran talks, demand fears

Brent crude futures were down $1.84, or 2.7%, at $66.12 a barrel by 10:48 a.m. EDT (1448 GMT), after closing up 3.2% on Thursday

India's oil basket price at 47-month low of $68.34 a barrel in April

Crude import bill increased by 2.7% in FY25 to $137 billion

US remained the outlier in January with crude imports rising, shows data

Imports from Russia fell by nearly a fifth despite remaining largest source of crude

Oil prices decline 2% as US-China trade conflict fuels recession fears

Brent futures were down $1.17, or 1.78%, to $64.41 per barrel at 1303 GMT, and U.S. West Texas Intermediate crude futures were down $1.17, or 1.89%, at $60.82

Trump tariffs: With crude off the table, US nudges India towards LNG

Importers signal willingness, but warn of drawn-out talks

Indian petroleum product exports escape Trump's reciprocal tariffs

The US is India's largest exporter, with total outbound trade reaching $60 billion in the April-December period of FY25

Oil steadies near $75 as market weighs Trump tariffs, sanctions on Russia

Trump on Sunday said that he was very angry with Russian President Vladimir Putin and would impose secondary tariffs of 25 per cent to 50 per cent on Russian oil buyers

India crude imports hit record on Russian rebound, US oil, price dip

India imported 1.91 million bpd of Russian crude in March, 30 per cent higher than in February and flat from a year earlier

Crude inches up as investors await Trump's actions on Russian oil, Iran

China and India are major buyers of Russian crude and their acquiescence would be crucial to making any secondary sanctions package seriously hurt exports from the world's second largest oil exporter

India's oil production in dire straits as fuel use continues to be strong

Oil India's output is expected to decline by 21 per cent to 66,000 bpd by 2029-30 from 84,000 bpd next financial year, according to the report

Centre 'bars' oil tanker carrying Russian crude over documentation lapse

The Honduran-flagged Andaman Skies, built in 2004, loaded 767,000 barrels at Murmansk on Feb. 24, and was due to discharge at Vadinar on March 30

Trump announces 25% tariff on Venezuelan oil: What's at stake for India?

US President Trump announced a 25 per cent tariff on countries buying Venezuelan oil and gas, effective April 2, applying to both direct and indirect buyers of Venezuelan crude

Crude oil may bounce to $72 in short-term; long-term view bearish: Analyst

Oil prices have recorded seven straight weekly declines since Donald Trump took office on January 20

Oil imports fell 11% in December as supplies from Russia, Saudi fall

Higher domestic demand in Russia, lower exports by Saudi may have reduced Indian uptake

Escalating trade war threatens oil demand as Opec+ boosts supply, says IEA

Oil is trading near $71 a barrel in London after sinking to the lowest since 2021 last week, following Opec+'s decision to gradually restart halted production from April

Oil up on weak dollar; US economic slowdown, tariff concerns cap gains

US President Donald Trump's economic policies so far have centered on a blitz of tariff announcements. Some have taken effect and others have been delayed or are set to kick in later

BPCL plans to buy US crude through a four-month tender next week

The refiner will be seeking one million barrel of WTI every month for arrival from May or June for four months, the source said

Crude drops for 3rd day on Opec+ plans to increase output, Trump tariffs

Brent futures fell 45 cents, or 0.63 per cent, to $70.59 a barrel at 0953 GMT. US West Texas Intermediate (WTI) crude declined 74 cents, or 1.08 per cent, to $67.52 a barrel

At current crude oil levels, correction could turn ONGC attractive

The US EIA forecasts Brent crude prices to average $74 per barrel in CY25, down 8 per cent Y-o-Y and to decline to $66 per barrel in CY26