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GLOBAL CRUDE OIL PRICES NEWS
Oil hitting $150 could trigger a sudden global recession, warns BlackRock CEO Larry Fink
March 25, 2026 5:46 pm
Brent crude futures was down $5.66, or 5.42 per cent, to $98.83 a barrel by 10:22 GMT.
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.
UAE coast guard evacuates 24 people from oil tanker crash east of Strait of Hormuz
June 18, 2025 3:33 pm
While the crash was not deemed security-related, maritime experts warn of growing risks in the area as the days-long Israel-Iran conflict continues to unfold.
Subdued crude prices help lower India’s oil import bill in Sep-Nov even as volumes rise
December 26, 2024 8:31 am
A downward pressure on international oil prices, and consequently on India’s oil import bill, is a positive for the country due to its extremely high dependence on oil imports.
Oil dips on high interest rate worries, OPEC+ panel awaits
October 04, 2023 10:33 am
Oil edged lower on Wednesday ahead of a panel meeting of OPEC+ ministers, as the market weighed expectations of supply tightness against fears that high interest rates could reduce fuel demand.
China’s renewed appetite for Urals could temper India’s Russian oil buys
May 08, 2023 5:24 pm
In April, India’s import of Russian crude set a new record of 1.68 million barrels per day (bpd), accounting for 36.4 per cent of India’s total oil imports of 4.61 million bpd for the month, according to data provided by energy cargo tracker Vortexa.
Fuels from Russian oil gets backdoor entry into Europe via India
April 06, 2023 8:58 am
India's imports of Russian crude in March rose for the seventh straight month to end out the fiscal year as top supplier to India, displacing Iraq for the first time, the data showed.
Oil prices little changed; supply concerns, banking crisis in focus
March 28, 2023 9:00 am
Oil prices drew support from indications of strong Chinese demand.
Despite price cap, enough tankers to supply Russian crude to India
February 11, 2023 11:25 am
According to industry watchers, though a few older Europe-based shippers have exited the Russian oil export market, there are enough tankers available to carry oil from Russia to Indian ports, thus allowing Moscow to ship record volumes to India in January.
Oil prices edge higher as large US crude stock drop outweighs China demand worries
November 23, 2022 1:14 pm
Brent crude futures rose 27 cents, or 0.3%, to $88.63 a barrel at 0719 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 25 cents, or 0.3%, to $81.20 a barrel.
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