Oil Prices

Oil falls as Iran proposes talks but prices still set for weekly gains

Brent's June contract hit $126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down

War, oil and the rupee: Why policy is playing defence, not stimulus

India's policy response to rising oil prices and geopolitical risks remains cautious, prioritising macroeconomic stability over stimulus as inflation pressures and second-order effects begin to emerge

Indian oil firms' losses likely to ease as purchasing costs fall

Sharp decline in spot crude premiums offsets surge in Brent prices, offering partial relief to Indian oil marketing companies as global supply disruptions reshape pricing dynamics

Rupee falls 0.5% to record low of 95.33 as oil price surge sparks worries

The reversal has prompted traders and analysts to suggest that fresh regulatory measures could be on the cards

Brent crude surges past $125 as Iran-US war fears roil oil markets

Brent crude to be delivered in June jumped 6.2 per cent to $125.36 and Brent to be delivered in July rose 3.1 per cent to $113.85

OMCs may face LPG under-recovery of around ₹80,000 crore in FY27: Icra

State-run oil firms may face steep LPG under-recoveries in FY27 due to high global prices and supply disruptions, with broader cost pressures seen across energy-linked sectors

Asian stocks advance, oil prices decline after UAE's exit from Opec

Stocks mostly advanced in Asia on Wednesday despite losses on Wall Street, while oil prices fell after the United Arab Emirates said it would leave OPEC in a blow to the powerful oil cartel. US futures edged higher. Markets in Japan were closed for a holiday. Elsewhere in Asia, South Korea's Kospi rose 0.3 per cent to 6,657.40 and the Hang Seng in Hong Kong gained 1.4 per cent to 26,029.02. The Shanghai Composite index traded 0.3 per cent higher at 4,091.01. Australia's S and P/ASX 200 slipped 0.3 per cent, to 8,689.50. Taiwan's Taiex lost 0.6 per cent, and India's Sensex gained 0.4 per cent. The price of a barrel of Brent crude oil to be delivered in June fell 0.5 per cent to USD 110.71 early Wednesday. Brent to be delivered in July dropped 0.6 per cent to USD 103.74. Brent oil was around USD 70 per barrel before the war began in late February. Benchmark US crude fell 0.6 per cent to USD 99.32 a barrel. The UAE's departure from OPEC, due to happen on Friday, has been closely w

Brent at $114: Why inventory drawdowns are resetting crude's floor

Brent near $114 signals tight supply as inventories plunge. Backwardation, outages, and demand risks amid Iran war may reset crude's floor to $75-80, says Anindya Banerjee of Kotak Securities

Oil outlook: Prolonged Iran war, Hormuz disruption may keep Brent near $90

Prolonged Strait of Hormuz disruption may keep oil prices higher for longer, says Mohammed Imran of Mirae Asset Sharekhan. He forecasts Brent at $90 in Q4-CY26; risks skew to $120 on supply shock

Oil prices jump nearly 3% as Hormuz disruption outweighs UAE Opec exit

Brent futures for June ended up $3.03 or 2.8 per cent at $111.26 a ​barrel, marking its seventh consecutive day of gains

Rupee falls 0.4% to 94.19, near one-month low as oil tops $110/barrel

The rupee touched a low of 94.54 per dollar during the trading session, its weakest level since March 30, before closing at 94.19, down 0.4 per cent on the day

Oil prices up 2% as stalled US-Iran talks keep Hormuz supply risks high

Brent crude futures for June climbed $2.32, or 2.1 per cent, to $110.55 a barrel as of 0638 GMT, after gaining 2.8 per cent in the previous session to its highest close since April 7

Heatwaves, weak monsoon and oil surge may push India's inflation higher

This year's adverse weather conditions will likely push inflation above 5 per cent in the fiscal year beginning April 1, exceeding the RBI's projection of 4.6 per cent

Oil rises on concerns over escalating tensions in West Asia; Brent at $106

Both benchmark contracts settled up more than 3 per cent on Thursday and jumped $5 a barrel after reports that air defences were engaging targets over Tehran

Crude outlook: Brent below $100, but risks persist as disruption lingers

The ceasefire has still not seen the normalcy resuming in the Strait, which raises concerns for demand destruction in the coming months as the scarcity has yet to fully materialise.

Asian shares mixed, oil prices slip as talks on ending Iran war in doubt

Shares were mixed Tuesday in Asia and oil prices slipped following the latest rise of US-Iran tensions. The lackluster start to trading Tuesday followed a modest retreat on Wall Street. But US futures edged higher. With the fate of talks between Iran and the US on ending the war unclear, the price for a barrel of Brent crude oil remained above USD95, slipping just 0.4% to USD95.10 per barrel. US benchmark crude oil lost 0.9% to USD86.66 per barrel. In Tokyo, the Nikkei 225 climbed 1.1% to 59,485.54 on strong gains for tech-related companies like Tokyo Electron, which rose 4.4%. Tech and energy giant SoftBank Group Corp. gained 5.5%. South Korea's Kospi jumped 1.8% to 6,327.73 and Taiwan's Taiex advanced 1.7%. The Hang Seng in Hong Kong edged 0.1% lower, to 26,382.30 and the Shanghai Composite index lost 0.3% to 4,068.28. Australia's S&P/ASX 200 declined 0.1% to 8,942.80. US President Donald Trump attacked critics after a second round of talks with Iran was thrown into doubt by

Oil prices rise nearly 5% on fears of US-Iran ceasefire collapse

Tehran also said it would not participate in a second round of negotiations that the US had hoped to start before the two-week ceasefire expires this week

Oil settles down 9% as Iran declares Strait of Hormuz open; Brent at $90.38

US West Texas Intermediate crude futures settled down $10.48, ‌or 11.45 per cent, at $83.85 a barrel, after touching a low of $80.56

Oil prices slump further after Iran's Araghchi declares Hormuz Strait open

Oil prices drop as Iran signals Strait of Hormuz remains open, easing supply fears amid US-Iran talks, though uncertainty over war and recovery keeps markets volatile

'Iran war may be as disruptive for India as Covid; long-term impact likely'

Although the government is sticking to its forecasts of 6.8 per cent-7.2 per cent for the fiscal year through March 2027, several economists have already started to downgrade their projections