Oil prices

OIL PRICES NEWS

US employers defy economic shock from Iran war, add a surprisingly strong 115,000 jobs

May 08, 2026 10:50 pm

Economists said consumer spending and business investment, especially in technology and AI, continued to support growth.

West Asia War sends Pakistan’s weekly oil import bill spiralling to 167% to $800 million

April 30, 2026 4:07 pm

Soaring international crude prices following regional strikes have forced the government to hike domestic fuel rates, with the weekly import burden nearly tripling.

Amid West Asia energy shock, Moody's says India’s ability to maintain investor confidence key to preserving credit stability

April 22, 2026 4:46 am

The global ratings agency had earlier this month cut its GDP growth forecast for India to 6% from 6.8%

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.

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

Explained: The 3 components that matter for India-US trade talks

October 19, 2025 12:41 pm

While high tariffs on Indian products have begun to hurt Indian MSMEs (micro, small and medium enterprises), the White House has also faced sharp criticism for pushing India towards the China camp.

Oil prices fall nearly 1% on oversupply and weaker US demand

September 11, 2025 6:15 pm

US crude inventories rose by 3.9 million barrels in the week to September 5, the Energy Information Administration said, against expectations of a draw of 1 million barrels.

Oil tumbles 8% below $65 as China retaliates with tariffs on US

April 04, 2025 6:14 pm

Nations around the world have readied retaliation after Trump raised tariff barriers to their highest in more than a century, leading to a plunge in world financial markets.

‘Drill, baby, drill’: Trump vows to pump, export more oil, lower prices

January 21, 2025 10:34 pm

For India, which is the world's third-largest consumer of crude oil and depends on imports to meet over 85 per cent of its requirement of the commodity, that would be a good thing.

Trump's support of US oil & gas producers likely to have a bearish impact on petroleum prices

November 07, 2024 8:30 am

While it is too early to say how Trump’s second term as president will turn out to be for global oil markets, industry watchers expect the Trump administration's economic and energy policies to put limited downward pressure on oil prices.

Advertisement
Advertisement
Advertisement