Oil Prices

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

IEA urges work-from-home, less air travel to ease oil shock amid Iran war

The International Energy Agency (IEA) has advocated a set of immediate demand-side measures, including work-from-home, lower speed limits, and reduced air travel to cushion the impact of a historic global oil supply shock triggered by disruptions in the Middle East. Oil prices spiked to over USD 100 per barrel after the US and Israel attacked Iran and Tehran's sweeping retaliatory actions. For India, which imports about 88 per cent of its crude oil needs, the surge in global prices poses a significant macroeconomic risk -- widening the current account deficit, pressuring the rupee, and increasing fuel costs for households and businesses. While petrol and diesel prices have so far not been increased, cooking gas LPG rates have been hiked by Rs 60 per cylinder. "The conflict in the Middle East has created the largest supply disruption in the history of the global oil market, due to the near halt in shipping traffic through the Strait of Hormuz," IEA said in a new report. Some 15 mill

Oil surges to $108 per barrel amid West Asia war; India denounces strikes

To secure supplies, 13 tankers carrying around 3.5 lakh tonnes of LPG are currently headed from the US to India

Indices see worst fall in 21 months as crude shock triggers selloff

Indian equities tumble as crude oil prices spike amid West Asia tensions, fuelling fears of inflation and slowing growth, with indices logging their sharpest fall in nearly two years

Brent crude hits $115 after Iran attacks energy facilities in West Asia

Qatar's state oil and gas company said the Ras Laffan Industrial City, an energy-industry hub, had suffered "extensive damage" after it was hit by Iranian missiles

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

West Asia war-triggered LPG shortage and a case of reverse migration

From gig and contractual workers to street vendors and students, struggle is now part of everyday life

Sensex, Nifty extend gains to third day on easing oil volatility

Sensex and Nifty extend gains for a third session on easing crude volatility and bargain buying, though geopolitical tensions and inflation risks continue to cap upside

Analyst sees Brent in $95-110 band; Bab-el-Mandeb risk may trigger $130/bbl

Three weeks into the most consequential energy shock since the 1973 Arab oil embargo, the full weight of what the Middle East war means for Asia is only beginning to crystallise

Oil prices rise over 2% amid Iran war supply risks as Hormuz remains shut

Brent ​futures jumped $2.74, or 2.7 per cent, to $102.95 a barrel by 0357 GMT, while US West Texas Intermediate crude ‌gained $2.45, or 2.6 per cent, to $95.95

Iran war impact: Emkay sees Nifty at 21,000; lists top 3 stocks to buy now

Emkay Global warns of a 10-per cent downside in Nifty as Iran war volatility keeps crude oil above $100 per barrel. It has picked HDFC Bank, Eternal, and Max Healthcare as top stocks to buy now.

Iran war: OIS curve surges as crude oil rally fuels repo-rate hike bets

Sharp rise in OIS rates suggests markets are pricing in possible RBI rate hikes this year if elevated crude oil prices sustain inflationary pressures

Crude futures rise to ₹9,171/barrel on strong global cues; Brent hits $106

On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹119, or 1.31 per cent, to ₹9,171 per barrel in a business turnover of 12,745 lots

Iran war pushes oil above $100; $110 crude may force fuel price hike: Elara

Crude oil above $110 could become a "breaking point" for India, forcing fuel price hikes and pressuring government finances, says Elara Capital. Notably, oil prices hit $106 per barrel on Monday

West Asia conflict likely to keep rupee under pressure amid oil surge

Third year of consecutive BoP deficit if oil stays above $100/bbl, to weigh on rupee

Stabilising the Indian economy: Why currency depreciation is a good idea

Inflation targeting plus floating exchange rate plus open capital account

Oil prices poised to gain as West Asia conflict threatens exports

Oil prices may rise further as the US-Israel conflict with Iran threatens key Gulf energy infrastructure and keeps the Strait of Hormuz closed, triggering the biggest supply shock in years

Costlier oil could lift inflation, slow India's growth in H1FY27: Fitch

Persistently high oil prices could push up retail inflation faster than expected and slow India's economic growth in the first half of FY27, Fitch Ratings said in its latest outlook

Gold set for weekly drop as oil price surge weighs on rate-cut hopes

As oil prices surged, US President Donald ​Trump again demanded Fed Chair Jerome Powell cut interest rates

Oil prices decline as Indian tanker sails out of Strait of Hormuz

An India-flagged oil tanker moved out from the east of the Strait of Hormuz carrying gasoline bound for Africa, an Indian government official said on Friday