Oil Prices

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

WTI seen at $80-85 near term; Hormuz risk may keep prices volatile: Analyst

Oil prices rose sharply after Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, said that Tehran could leverage the potential closure of the Strait of Hormuz and warned of attacks on Gulf Arab states

Brent tops $100 as Iran attacks tankers in Iraq, Oman clears oil terminal

The global benchmark soared as much as 10.5 per cent to $101.59 a barrel, while West Texas Intermediate surged near $96

Iran warns oil could hit $200 a barrel amid threat of continuous strikes

"We won't allow even one litre of oil to reach the US, Zionists (Israel) and their partners. Any vessel or tanker bound to them will be a legitimate target," Ebrahim Zolfaqari said

Oil prices rise as supply fears linger despite IEA reserve release plan

Brent futures traded up $3.31, or 3.8%, at $91.11 a barrel by 1159 GMT. US West Texas Intermediate (WTI) traded $3.13 higher, also 3.8%, at $86.58 a barrel

Moody's warns of margin, cash-flow pressures for Indian fuel retailers

State-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) absorbing the impact of elevated global energy prices will lead to heightened margin and cash-flow volatility, Moody's Ratings said on Wednesday. "Domestic retail prices of fuels have remained largely steady since April 2022, despite swings in global oil and gas prices and the country's high dependence on imports," Moody's said in a note. "The companies will bear rising input costs from higher energy prices without corresponding increases in selling prices because the government's influence over retail pricing prevents timely cost pass-throughs." The three firms control nearly 90 per cent of retail fuel outlets in the country. Global benchmark Brent crude rose sharply and hit a high of USD 119 per barrel on March 9 before settling just under USD 90 the following day, reflecting a heightened geopolitical risk premium. However, retail pump r

EU urges US to strictly enforce G7 price cap on Russian oil exports

G7 finance ministers said on Monday they were ready to release oil from strategic reserves ​to help lower prices, if necessary

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

Aramco CEO warns of catastrophic oil market impact from prolonged Iran war

Saudi Arabia is reducing output by as much as 2.5 million barrels a day, joining United Arab Emirates, Iraq and Kuwait in deepening cuts, Bloomberg reported on Tuesday

India faces LNG, LPG supply crunch after 10 days of West Asia war

Government prioritises LPG and LNG supply for domestic use as West Asia conflict disrupts shipments; India also secures alternative supplies that bypass the Strait of Hormuz

West Asia conflict jolts oil markets as analysts weigh future energy shock

Brent crude briefly surged to $120 a barrel amid supply disruptions in West Asia. Analysts warn that the Iran war could reshape oil price trajectories and pose fresh risks to India's energy security

Indian edible oil buyers move to secure prompt shipments as prices surge

India, which meets nearly two-thirds of its edible oil demand through imports, also buys palm oil from Indonesia, Malaysia and Thailand, with shipments typically reaching its ports in about a week

Why India needs Russian oil: Energy security outweighs US pressure

Oil prices have already risen 23.6 per cent, from about $72 per barrel a day before the war began on February 28 to around $89 per barrel now