Globlal Crude Oil Prices
Markets believe that the worst phase of West Asia war is over: Samir Arora
Markets had discounted the bad news with select pockets seeing a dip of over 15 per cent, which have recovered partially now, Arora of Helios Capital said.
 "Markets believe that the worst phase of West Asia war is over: Samir Arora")
Brent crude set for record gain; Asian shares falter as Iran war rages
A month into the war, investors continue to be whipsawed by a barrage of headlines as tensions and attacks between the US, Israel and Iran escalate
 "Brent crude set for record gain; Asian shares falter as Iran war rages")
Oil prices jump after Yemen's Iran-backed Houthis rebels attack Israel
Brent crude futures jumped $3.16, or 2.81 per cent, to $115.73 a barrel by 2205 GMT after settling 4.2 per cent higher on Friday
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
 "Red Sea tensions could push Brent to new cycle high in April, says analyst")
RBI steps up support for rupee, bond markets as crude oil prices surge
Central bank steps into forex and bond markets as rising crude prices threaten inflation, the rupee and government finances
 "RBI steps up support for rupee, bond markets as crude oil prices surge")
Crude oil's epic fury: 300% jump! It's happened before; tracing the history
During the October 1973 Yom Kippur War, Arab OPEC members, led by Saudi Arabia, implemented an oil embargo against the US and other nations that supported Israel that led to oil rising 300 per cent.
 "Crude oil's epic fury: 300% jump! It's happened before; tracing the history")
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
 "Crude oil may bounce to $72 in short-term; long-term view bearish: Analyst")
Oil strategy, Nov 5: How to trade crude oil as Opec+ delays production hike
Crude oil price today: Sharekhan remains confident of oil prices heading lower towards $65 in Q1-2025, while in short term, prices could see WTI prices trading in broader range of $75-$66
 "Oil strategy, Nov 5: How to trade crude oil as Opec+ delays production hike")
Crude oil to remain volatile in Samvat 2081 amid OPEC+ production cuts
Brent crude oil prices saw a considerable decline from the beginning of Samvat 2080 (November 12) until October 28, dropping by 12.33 per cent from $82.52 to $72.34 per barre
 "Crude oil to remain volatile in Samvat 2081 amid OPEC+ production cuts")
Chris Wood trims India exposure; says geopolitics biggest risk to markets
A deterioration in the geopolitical situation is the biggest risk to global equity markets, Wood said, which he believes is not yet fully discounted by them
 "Chris Wood trims India exposure; says geopolitics biggest risk to markets")
Russia, Venezuela flows stay strong as cheaper crude evades US curbs
India may receive 4 million barrels of Venezuelan crude, the cheapest among all crude sources, in April, lower from 4.78 million barrels in March
 "Russia, Venezuela flows stay strong as cheaper crude evades US curbs")
Oil prices may remain on the boil amid strong demand, supply cuts
Saudi Arabia and Russia have announced a fresh extension to their voluntary supply cuts, amounting to a combined 1.3 million barrel per day (bpd) cut for another three months till December
 "Oil prices may remain on the boil amid strong demand, supply cuts")
Windfall tax on crude oil slashed to Rs 3,500/tonne, duty on diesel hiked
Petrol and Aviation Turbine Fuel (ATF) have been exempted from the export levy
 "Windfall tax on crude oil slashed to Rs 3,500/tonne, duty on diesel hiked")
What we have learned three days into the price cap on Russian oil
The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation
 "What we have learned three days into the price cap on Russian oil")
Crude oil prices can rise up to $110 a barrel in 2023, say analysts
Brent crude oil prices have slipped nearly 15 per cent in the last few weeks, from a peak of around $98 a barrel to a little over $83 a barrel now despite OPEC+ cutting supply
 "Crude oil prices can rise up to $110 a barrel in 2023, say analysts")
Levy on fuel exports slashed; govt exempts SEZs from windfall tax
Move to benefit RIL, ONGC and Oil India
 "Levy on fuel exports slashed; govt exempts SEZs from windfall tax")
Rupee at a fresh new low as rising oil deepens CAD, inflation concerns
The domestic currency was trading at a fresh record low of 78.597 per US dollar against 78.34 per dollar at the previous close
 "Rupee at a fresh new low as rising oil deepens CAD, inflation concerns")
British PM Boris Johnson visits Gulf, seeks more oil from Saudi Arabia, UAE
The British prime minister met Crown Prince Mohammed bin Zayed, the UAE's de facto ruler, in Abu Dhabi
 "British PM Boris Johnson visits Gulf, seeks more oil from Saudi Arabia, UAE")
Lessons from Ukraine crisis
It's time to cushion India from the same 'oil shock' story
 "Lessons from Ukraine crisis")
Surge in global energy prices will hurt India, says IMF MD Georgieva
India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said IMF MD Kristalina Georgieva
 "Surge in global energy prices will hurt India, says IMF MD Georgieva")