crude oil

News
Photos
Videos

CRUDE OIL NEWS

A view of damaged structure following the flash flood in Bhote Koshi and Trishuli rivers in Nepal on September 1, 2026. (Express Photo by Tashi Tobgyal)

World News Updates: Two bodies recovered from site of avalanche at Himlung Himal base camp in Nepal

September 28, 2026 4:44 am

Rescue teams search for 14 people missing after avalanche in Nepal’s Manang district.

CII President R Mukundan speaks about the challenges facing Indian industry amid rising crude oil prices and global uncertainty.

Monetary prudence, ease of doing business can cushion oil shock, interest rate rise: CII President

September 20, 2026 11:21 am

CII President R Mukundan says India needs to diversify trade and resource access while strengthening domestic policy, infrastructure and business conditions amid the energy shock.

US, Computer US Senator Richard Blumenthal (AP file)

‘India, buy your oil elsewhere’: Senator after US House passes Russia sanctions bill

September 17, 2026 2:44 pm

Democratic Senator Richard Blumenthal's warning came after the House vote. Some reports quoted him as telling India and China to “clean up your act” and buy oil and gas elsewhere.

Saudi Arabia shut down East-West pipeline as Houthis tighten grip on Red Sea shipping

September 12, 2026 6:47 pm

Saudi’s Ministry of Energy posted to its website on Friday that the pipeline had been attacked and “was shut down as a precautionary measure.”

petrol: India is the world’s third-largest consumer of crude oil and depends on imports to meet over 88% of its requirements.

Oil again at $100, fuel retailers losing over Rs 20 on diesel, Rs 5 on petrol

September 09, 2026 8:38 pm

Public sector fuel retailers are currently estimated to be losing about Rs 5 per litre on retail petrol sales and over Rs 20 on diesel sales.

India turns to US for LPG, LNG as Strait of Hormuz crisis hits Gulf supplies

August 26, 2026 8:11 pm

US LPG imports reached about 0.62 million tonnes in August, after 0.89 million tonnes in July, accounting for more than 73 per cent of India’s LPG imports, Kpler data showed.

iran sanctions, iran india trade, crude oil,

Trump’s Iran sanctions hit India next? Rice, pharma trade explained

August 26, 2026 1:55 pm

From basmati and pharma to Iranian oil and Dubai payment routes, here’s what Washington’s new economic squeeze on Tehran means for India.

India economy inflation risk, crude oil, west asia,

Crude oil price surge amid West Asia stand-off may strain fiscal deficit, current account: Finance ministry

July 29, 2026 8:41 pm

AI-related global developments and weaponisation of supply chains are reminders of the distance India needs to travel to achieve long-term resilience and strategic leverage.

Top 10 Oil Producing Countries in the World: USA leads, Kuwait closes list

July 21, 2026 5:30 pm

Top 10 Oil Producing Countries in the World (2026): USA leads the world in oil production, followed by giants like Russia and Saudi Arabia. Discover the full top 10 list and how Kuwait closes the ranking.

Why UAE is building a new port to bypass Strait of Hormuz

July 14, 2026 9:28 pm

Dubai-based DP World plans to develop the project in Fujairah along with a new terminal at the existing harbour in the same emirate, the report added.