Page 6 - Crude Oil

Oil up 2.5% but set for first weekly decline since start of Iran war

Brent crude futures rose by $2.73, or 2.53%, to $110.74 a barrel by 1257 GMT. U.S. West Texas Intermediate futures were up $2.39, or 2.53%, at $96.87

Red Sea tensions could push Brent to new cycle high in April, says analyst

A broader escalation-including the potential closure of the Red Sea chokepoint by Yemen's Houthis-would likely push both Brent and WTI to new cycle highs

IOC, BPCL, HPCL shares react as govt trims excise duty on petrol, diesel

The government has reduced the excise duties on petrol and diesel by ₹10 per litre each, bringing them down to ₹3 per litre of petrol and zero per litre of diesel

Why Iranian oil may not plug India's widening crude sourcing gap

Indian refiners find the Iran oil supply chain difficult to navigate, especially within the limited waiver window set by Washington for the oil to be delivered and paid for

Paint majors face near-term margin pressure amid rising crude costs

Rising crude and gas prices are set to squeeze margins of paint companies, even as demand remains stable and firms announce staggered price hikes to offset costs

From 19,900 to 27,500: Nifty's fate tied to oil and geopolitical shifts

Nifty outlook hinges on oil and geopolitics, with Bernstein projecting a wide 19,900-27,500 range depending on conflict trajectory and crude price trends

RIL denies reports of company buying Iranian crude supplies

Earlier this week, a Reuters report said Reliance had purchased over 5 million barrels of Iranian crude from the National Iranian Oil Company, though delivery timelines remained unclear

Bulls charge! Sensex, Nifty zoom nearly 4% in 2 days; investors gain ₹17trn

In the past two trading sessions, the Sensex has surged more than 2,500 points, or nearly 3.5 per cent on a closing basis. Similarly, the Nifty 50 index has added nearly 800 points, or 3.5 per cent

Indian refiners buy 60 mn barrels of Russian oil for April amid Iran war

The cargoes were booked at premiums of $5 to $15 a barrel to Brent

Rupee gains on fall in crude and dollar index; bond yields harden

The rupee strengthened after three days of losses on easing crude and dollar index, while bond yields hardened on higher-than-expected SDL auction cut-offs

Manic Monday: Indices fall over 2.5%; de-escalation talks may lift mkts

Markets fell sharply on crude price concerns amid West Asia tensions, though hopes of de-escalation talks may support a rebound in equities and sentiment

Explained: Why India's energy security goal is an unfinished journey

Despite policy push and diversification, India's rising oil and gas import dependence is exposed by the Strait of Hormuz crisis, underscoring gaps in domestic production and energy transition

Datanomics: India's energy diversification timely, but risks remain

PM Narendra Modi highlights India's diversified energy import strategy as tensions in the Strait of Hormuz disrupt global oil and gas flows

Crude oil rises ₹359 to ₹9,617 per barrel on Iran war, supply concerns

Crude oil prices rose sharply by Rs 359 to Rs 9,617 per barrel on Monday, marking their fourth straight session of gains in futures trade amid escalating geopolitical tensions in West Asia and supply concerns. On the Multi Commodity Exchange, crude oil for the April contract climbed Rs 359, or nearly 4 per cent, to Rs 9,617 per barrel. The May-delivery increased by Rs 436, or nearly 5 per cent, to hit a lifetime high of Rs 9,407 per barrel on the commodities bourse. Analysts said crude oil prices rallied in domestic and international markets as investors assessed the impact of rising tensions around the Strait of Hormuz, a key oil transit route. In the international market, West Texas Intermediate (WTI) crude for the May contract gained USD 3.27, or 3.33 per cent, to USD 101.50 per barrel, while Brent Crude for the same month delivery rose USD 2.89, or 2.72 per cent, to USD 109.30 per barrel in New York. According to analysts, market sentiment remained firm after US President Dona

FPI flows into FAR turn negative amid global risks, crude oil surge

Foreign investors turn net sellers of FAR securities in March as global risks, rising oil prices, and higher US yields weaken sentiment, though RBI measures keep bond yields stable

Trump, Iran escalate conflict with threats to energy, water facilities

Iran's Parliament Speaker Mohammad Baqer Qalibaf wrote on X that critical infrastructure and energy facilities in West Asia could be "irreversibly destroyed" should Iranian power plants be attacked

StatsGuru: Crude reality of India's import dependence to meet fuel demand

In each of the past 12 years, there has been a drop in domestic crude production

West Asia conflict: Stranded vessels running out of fresh water, food

DG Shipping warns of supply shortages on stranded vessels, rising freight and insurance costs, and potential disruptions to India's trade and energy security

IEA suggests work from home, avoid air travel amid rising energy costs

Agency outlines measures such as remote work, reduced travel and public transport use to ease demand as oil prices surge amid West Asia conflict

Bulls fight back: Sensex up 1100 pts intraday, Nifty at 23,300; key reasons

India VIX slipped 3 per cent, but remained elevated above 22, indicating heightened expectations of near-term volatility