Page 5 - Oil Prices

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

Cut oil demand, hedge imports: A practical path to India's energy security

India's oil imports (in volume terms) have, in fact, been decelerating. Against an annual average growth rate of 10.8% during 2005-06 to 2009-10, crude oil imports grew 1.9% during 2020-21 to 2024-25

Iran war-driven price surge wipes out global oil demand growth in 2026: IEA

Last month, the Paris-based IEA oversaw the release of a record 400 million barrels from emergency oil reserves by members including the US, Japan and Germany in an effort to tame spiralling costs

Oil shock may slow India's growth by up to 80 bps: S&P Global Ratings

India's robust macroeconomic and financial sector fundamentals are likely to cushion the impact of a sustained oil price shock, though economic growth could slow by up to 80 basis points if crude averages USD 130 per barrel in 2026, according to S&P Global Ratings. Under its stress scenario, corporate earnings before interest, tax, depreciation and amortisation (EBITDA) could decline 15-25 per cent in FY27, with leverage rising by 0.5x-1x, while banking sector asset quality may weaken, pushing bad loans to around 3.5 per cent. "India isn't immune to the shocks reverberating from the Middle East war. The pain of higher energy prices and supply disruptions may persist for months, crimping economic activity across households, corporations, and banks," S&P Global Ratings said in a report. However, strong corporate balance sheets, well-capitalised banks and a resilient external position provide buffers against the impact. S&P Global Ratings assumes Brent crude at USD 130 per ..

Oil slips in early trade as US-Iran dialogue hopes ease supply concerns

Brent futures declined by $1.86, or 1.87 per cent, ​to $97.50, while US West Texas Intermediate (WTI) crude fell $2.25, or 2.27 per cent, to $96.83 by 0003 GMT

Pakistan weighs multi-source financing to sustain reserves after UAE move

Pakistan this month failed to reach an agreement with the UAE to roll over the debt for the first time in seven years

$9bn oil revenue: How Russia is profiting from the Iran war | Crude oil | Oil prices

A surge in oil prices triggered by the Iran conflict is delivering billions to Russia. But beneath the windfall, economic risks still remain.

Crude oil outlook for FY27: What is RBI signalling? | RBI MPC Outcome | Oil prices | West Asia war

The Reserve Bank of India (RBI) has raised its crude oil price assumption to $85 per barrel for FY27. This is higher than the earlier assumption of USD 70 per barrel in H2FY26.

Oil prices resume their climb, Asian markets fall as US set to block Hormuz

Japan's benchmark Nikkei 225 lost 1.0 per cent in morning trading to 56,357.40; South Korea's Kospi dipped 1.1 per cent to 5,795.15

Oil drops ahead of US-Iran talks, posts biggest weekly fall since 2022

US West Texas Intermediate crude futures fell $1.30, or 1.3 per cent, to settle at $96.57 a barrel, with a weekly decline of 13.4 per cent, its largest since April 2020

Watch: Donald Trump’s full address on the Iran war | Strait of Hormuz | White House | Oil prices

In his first address since launching coordinated military strikes with Israel on Iran, US President Donald Trump said Washington is close to achieving its military objectives and warned of intensified

Oil price rises on lingering Hormuz disruption, shaky US-Iran ceasefire

Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020 on expectations the ceasefire ending the fight

Oil prices to hold around $88-95/barrel for next 4-6 weeks, says analyst

Mohammed Imran of Mirae Asset Sharekhan expects that Brent and WTI floor prices would remain elevated at pre-war levels

US-Iran ceasefire set to ease pressure on India's energy supplies

India's energy outlook brightened on Wednesday after a fragile ceasefire between Iran and the US triggered a sharp drop in crude prices and reopened hopes of supply normalization through the world's most critical energy corridor. India, the world's third-largest energy consumer and fourth-biggest gas user, imports about 88 per cent of its crude oil, around half of its natural gas requirements and roughly 60 per cent of its liquefied petroleum gas (LPG) needs, underscoring its heavy reliance on overseas supplies. More than half of these crude imports, about 40 per cent of natural gas and as much as 85-90 per cent of LPG shipments are sourced from Gulf countries and transit through the Strait of Hormuz - the world's most critical energy corridor that was shut because of the West Asia conflict. The US and Iran have agreed to a conditional two-week ceasefire that included the opening of Strait of Hormuz for shipping. With energy supplies from Gulf countries impacted, India initially c

Oil plunges, US futures jump as Trump pauses Iran attacks for 2 weeks

Oil prices plunged and US stock futures jumped after President Donald Trump said he would hold off on his threat of devastating attacks on Iran for two weeks if the Iranians agree to allow ships to pass through the Strait of Hormuz. Futures for US crude oil sank 18% to around $92.60 while Brent crude oil futures fell about 6% to $103.40. Both prices remain well above where they were at the start of the war. Futures for the S&P 500 rose 2.4%. Trump said Iran has proposed a "workable" 10-point peace plan that could help end war the US and Israel launched on Feb 28.

Rewiring power for a new era: India's energy transition is too cautious

India imports more than 90 per cent of its oil needs and roughly half its gas requirements

Mkts rise over 1% on truce hopes; bank stocks lead rally as oil prices ease

Mcap of BSE-listed firms rise by ₹5 trn to ₹428 trn

SME Forum seeks govt support as fuel costs hit MSME clusters hard

Industry body flags rising fuel costs, shipping disruptions and labour stress in key clusters; proposes relief measures including subsidies, liquidity support and worker welfare schemes

Saudi hikes Asia oil price to record premium amid Hormuz disruption

State oil producer Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia