OIl market
OIL MARKET NEWS
Iran–Israel war could push freight, insurance costs, disrupt Red Sea trade; govt to meet traders this week
June 17, 2025 8:36 am
The Global Trade Research Initiative (GTRI), in a report, said India has significant trade exposure to both warring nations
India’s Russian oil imports at 9-month high in April; uptick in US crude volumes
May 04, 2025 4:58 am
Urals crude, the mainstay of New Delhi’s oil imports from Moscow, continues to trade at a discount to rival grades from India’s traditional suppliers in West Asia
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
Sharp fall in oil prices is opportunity for India to increase stockpile
April 28, 2020 9:44 am
While prices are low, we should fill up our reserve tanks and rent space abroad. The oil will come in handy when prices have gone up — and more importantly, when we need it.
Why govt not passing benefit of reduced oil prices to consumers, asks Congress
April 21, 2020 11:49 pm
"Prices of crude oil have fallen to unexpected levels in the world, yet why is petrol in our country sold at Rs 69, diesel at Rs 62. It is good that prices have fallen in this disaster. When will this government listen," Rahul Gandhi tweeted.
World's biggest election to offer vote of support for oil market
March 07, 2019 12:56 pm
About 875 million Indians will go to polls over the next three months to elect their leader, dwarfing the 158 million Americans who registered to vote in the 2016 US presidential elections.
Oil weighed down by record Saudi output; markets eye G20, OPEC meetings
November 27, 2018 7:27 am
Since their most recent peaks in early October, oil prices have lost almost a third of their value, weighed down by an emerging supply overhang and by widespread weakness in financial markets.
Oil near 4-year high as Washington's Iran sanctions loom
October 02, 2018 3:06 pm
Brent has risen by around 20 per cent from the most recent lows in August.
Oil drops after Trump threatens new China trade tariffs
April 06, 2018 12:49 pm
Brent crude for June delivery was down 45 cents, or 0.66 percent, at $67.88 per barrel at 0645 GMT. U.S. West Texas Intermediate crude for May delivery was down 41 cents, or 0.65 percent, at 63.13 a barrel.
Oil stable as market conditions tighten despite rising US output
August 21, 2017 9:27 am
US commercial crude inventories have fallen by almost 13 percent from their March peaks, to 466.5 million barrels. Analysts said that falling crude inventories, despite rising output, indicate the market is already tightening.
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