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CRUDE OIL PRICES NEWS
India an ‘oasis of comfort’ on fuel supplies, rationing ‘not going to happen’: Oil Secretary
May 11, 2026 9:11 pm
Unlike petrol and diesel, in which India is self-sufficient and is also a net exporter, the country depends on imports to meet 60% of its LPG requirement, 90% of which depended on the Strait of Hormuz.
Oil slips after Trump says US will assist ships stranded in Strait of Hormuz
May 04, 2026 11:57 am
Negotiations between the US and Iran continued over the weekend with the countries assessing responses from each other.
War in West Asia: Why it has drawn comparisons with the 1973 oil price crisis
April 04, 2026 6:05 pm
The 1973 crisis removed about 4.5 million barrels per day from global supply. In contrast, the ongoing closure of the Strait of Hormuz has blocked around 20 million bpd. Here is what to know
At BRICS, India’s Iran challenge: Navigation, not resolution
March 26, 2026 12:26 am
Having positioned itself as the leader of the Global South, New Delhi must balance its aspirations with the demands of its strategic partnerships
US has allowed 30-day sale of Iran oil at sea to curb prices. Can India benefit?
March 21, 2026 12:20 pm
The sanctions waiver will bring at least 140 million barrels of oil to global markets. India could very well be among the major beneficiaries of this move, considering Iran was once a major oil supplier to the country.
House panel urges Petroleum ministry to maintain 90-day crude oil stock
March 18, 2026 1:53 am
The 31-member committee led by Raigad MP Sunil Dattatray Tatkare (NCP) has 21 Lok Sabha MPs and 10 from the Rajya Sabha as members.
Oil price rise: Market sinks 5% in a week, logs worst 4-yr weekly fall
March 14, 2026 3:40 am
Both the indices are currently trading around their lowest levels in around a year. Despite reaching record highs on a couple of occasions, both have been in a consolidation phase over the past 18-24 months. They are now near February 2024 levels.
Why oil prices surged even after the release of strategic reserves
March 12, 2026 7:05 pm
Reserves are stored in massive facilities scattered around the world.
America is an oil exporter. Why does a Mideast war raise US gas prices?
March 10, 2026 10:09 pm
On Monday, top officials from the United States and six other industrialized nations, known as the Group of 7, signaled that they were not yet worried about running short of fuel.
In a warring world, how India can brace for a crisis that goes beyond oil
March 07, 2026 6:54 am
West Asia is today part of India's extended neighbourhood, vital to its energy security and hosting a massive diaspora contributing equally to the region’s development and economic stability to families back home. India cannot afford to be indifferent
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