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Global Oil prices
GLOBAL OIL PRICES NEWS
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.
How World War 1 redrew Persian Gulf's map and why Trump’s South Pars threat echoes a century of conflict
March 21, 2026 7:22 am
For over 5,000 years, the Persian Gulf has been a hub of civilisation. From Elam and Sumer to the Assyrians and Babylonians, ancient societies thrived along its shores, trading and connecting with coastal communities.
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
‘Modi knew I was unhappy,’ says Donald Trump as India cuts Russian oil imports; Senator says tariffs forced Delhi’s hand
January 06, 2026 2:11 am
Trump said Prime Minister Narendra Modi “knew I was not happy” with India’s purchases of Russian oil and that Washington can raise tariffs on New Delhi “very quickly”.
Trade war, Saudi quest to protect market share have oil prices spiralling; India not complaining
April 14, 2025 5:36 am
Oil prices hit their lowest in over four years with the benchmark Brent crude briefly even slipping below $60 per barrel earlier this week
Top 10 largest oil-producing and consuming countries — Know where India stands
December 30, 2024 8:29 am
Top 10 largest Oil Producing and Consuming countries: India is the world's third-largest oil consumer, utilising around 5.05 million barrels per day and accounting for 5% of the global share, according to the EIA.
Oil prices rise, tight supply back in focus
September 25, 2023 1:06 pm
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.
Ethanol – a saviour that gives savings
September 22, 2023 9:51 am
India needs clear research and development plan to scale up ethanol production
Food ministry calls meeting of edible oil companies for reduction in retail prices
July 06, 2022 12:08 pm
Last month, many edible oil firms reduced their prices by Rs 10-15 per litre.
Farmers sow more sesame seeds, groundnut as oil prices continue to soar
May 02, 2022 8:09 am
Farmers have sown sesame in 1.07 lakh hectares (lh) so far, around 85 per cent increase over the last year’s average sowing area of 58,291 ha, the latest data from the state agriculture department shows.
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