Oil Market

'Non-standard pack sizes of edible oils deliberately misleading consumers'

Indore-based Soybean Processors Association of India (SOPA) has called the non-standard pack sizes used in edible oil packaging misleading for consumers, and urged the central government to immediately intervene in the matter. The organisation said many companies are introducing such pack sizes of edible oils into the market, confusing consumers regarding price and quantity. SOPA Executive Director D N Pathak said on Wednesday that the organisation has written a letter to the Secretary of the Union Consumer Affairs Department in this regard. The letter said five national organisations of the edible oil industry had previously jointly presented on this subject and recommended standardisation of packaging volumes for edible oils in the interest of consumers. "The government, with good intentions, removed the standard quantity restrictions on packaging edible oils and mandated the per-unit price on packages. However, some manufacturers are misusing this exemption by introducing ...

Reliance navigates oil market volatility with diverse sourcing, ops shifts

India's largest private refiner Reliance Industries Ltd relied on diversified crude sourcing and operational agility to navigate a volatile energy market during the last quarter of FY26, marked by geopolitical disruptions and sharp cost swings. After the Iran war disrupted oil and gas flows from Gulf countries, Reliance, which operates the world's largest oil refining complex at Jamnagar in Gujarat -- tapped non-Persian Gulf suppliers to replace barrels lost due to the conflict, according to an investor presentation the company made post fourth quarter earnings announcement. "Persian Gulf loading contracts were replaced to minimize run cut," it said. "Crude sourcing diversified from multiple geographies." Reliance said it "worked with Middle East suppliers on alternative routing for stranded crude." It, however, did not elaborate. Global crude markets remained largely oversupplied through most of the 2025-26 fiscal year, even as sanctions by the US and EU on Russian oil tightened .

US blockade of Iran ports: Impact on India & global oil markets explained | US-Iran war

Hours after ceasefire talks between the US and Iran failed to make progress, US President Donald Trump announced a naval blockade in the Strait of Hormuz.

Oil markets scramble for supplies as West Asia shortfall drives prices

Traders said the panicky moves across the world's key physical oil markets demonstrated the scale of the shortfall that's due to be felt as loss of supplies from the West Asia leaves a growing gap

Optimism for Gulf oil is premature: India must boost domestic output now

Weaponising trade chokepoints has fragmented global markets like crude oil, leading to sharp regional price variations

Trump's America a historical problem: Global impact, zero accountability

Conflicting signals from Donald Trump on the Gulf war unsettle markets, drive oil volatility, and expose deeper global economic imbalances and geopolitical risks

Crude oil futures slide 2% to ₹8,808 per barrel amid Iran supply hopes

Crude oil prices declined by Rs 190 to Rs 8,808 per barrel in futures trade on Friday as traders weighed the prospects of additional Iranian supply despite lingering geopolitical tensions in West Asia. On the Multi Commodity Exchange, crude oil for the April delivery ended its three-day rally, declining by Rs 190, or 2.11 per cent, to Rs 8,808 per barrel in a business turnover of 18,781 lots. Analysts said the fall in oil prices was driven by hopes of softening geopolitical risk premium following indications of a more pragmatic approach by the US towards Iranian crude supplies. In the overseas trade, West Texas Intermediate (WTI) futures for May delivery fell USD 1.85, or nearly 2 per cent, to USD 93.70 per barrel, while Brent Oil for the same month contract slipped 0.34 per cent to trade at USD 108.28 per barrel in New York. The dip in crude prices, now around USD 107 per barrel for Brent against a peak of USD 119, reflects a 'relief valve' moment, though tensions remain high, Aam

Petrol dealers may face cash crunch as OMCs seek advance payments

Dealers warn of reduced fuel orders as refiners end credit supply amid losses on petrol and diesel sales with retail prices unchanged

Oil market set for tumultuous week on rising West Asia conflict risks

Asian nations seeking US energy to reduce reliance on West Asia

US strike on Iran's Kharg Island risks further disruptions to oil supply

With Kharg Island handling most of Iran's crude exports, any disruption could intensify oil market volatility already driven by supply losses through the Strait of Hormuz

Oil could hit $150/bbl, $200 possible on demand destruction: WoodMac

Oil prices could rise to $150 per barrel as a massive Gulf supply disruption forces demand destruction, with $200 possible if the conflict persists, says Wood Mackenzie

West Asia crisis: Oil market chaos to deepen as more Gulf giants cut output

For oil analysts, executives and traders, that has meant ever-louder warnings that the war is bringing crude to a tipping point, and closer to the psychological $100-a-barrel threshold

Trump and Israel strike Iran, raising risks for global oil markets

Iran sits on one side of the Strait of Hormuz, the shipping lane for about a fifth of the world's crude from key suppliers including Saudi Arabia and Iraq

Analyst remains bearish on crude oil; WTI to slide to $52, Brent $56-57

Crude oil prices are holding firm this week as tensions between Iran and the US temporarily ease after Donald Trump indicated he does not intend to launch military action.

Iranian crisis aids crude prices; Brent faces resistance at $68, WTI at $62

The current upward trajectory is primarily driven by a toxic mix of heightened geopolitical risks in the Middle East, infrastructure disruptions in the Caspian region, and significant capital inflows

US attack on Venezuela: Impact on oil, Indian stock markets, energy stocks

Analyze how the US capture of President Maduro impacts India's energy security, RIL, ONGC, and the stock market. Get expert views from PL Capital & Choice Equity

Oil market straddles geopolitics, EV shift; WTI seen at $54-57 in Q1 2026

Oil price outlook: The most significant downward pressure on oil prices this month stems from renewed optimism regarding the conflict in Ukraine.

Indraprastha Gas jumps 6% as Nomura upgrades stock on easing gas prices

On the bourses, IGL share price rallied up to 5.54 per cent to an intraday high of ₹193.35 per share, while MGL share price rose up to 4.22 per cent to an intraday high of ₹1,159.25.

Oil marketers' FY26 operating profit likely to surge over 50%: Crisil

Oil marketing companies (OMCs) are poised for a sharp rebound, with operating profits expected to surge more than 50 per cent to USD 18-20 per barrel this fiscal year, driven by stronger marketing margins amid stable retail fuel prices and supportive crude oil dynamics, Crisil Ratings said on Friday. OMCs earn from refining (gross refining margins or GRMs) and from marketing of petrol, diesel, and other fuels. "This fiscal, the improvement in marketing margin will more than offset a moderation in refining margin owing to slow growth in global demand for fossil fuels as the world transitions towards cleaner energy sources," Crisil Ratings said in a note. Healthy profitability is set to bolster cash accruals to Rs 75,000-80,000 crore, compared with about Rs 55,000 crore last fiscal year. The stronger cash flow will support the sector's planned Rs 90,000 crore capex, largely focused on brownfield expansion and domestic demand-driven projects. Crude oil prices are expected to soften to

US sanctions on Russian oil majors may hurt Reliance Industries, Nayara

Rosneft, Lukoil major suppliers to India; crude import bill may rise by over ₹23K cr