India’s crude import strategy has shifted sharply since March 2026 as Strait of Hormuz disruptions tightened Middle Eastern flows. (AI image) US-Iran war impact: India’s crude oil imports from Russia ...
Oil prices continued to tumble in early trade on Thursday after the United States and Iran signed an interim agreement aimed at ending the Iran war, reopening the Strait of Hormuz, and waiving US sanc...
Oil prices fell slightly on Friday as hopes for a ceasefire in the Middle East faded following Hezbollah’s rejection of a US-backed proposal in Lebanon.Brent crude slipped 0.22% to $95.24 a barr...
Venezuela has emerged as India’s third-largest crude oil supplier so far in May, overtaking Saudi Arabia and the United States, as Indian refiners increased purchases of cheaper heavy crude amid disru...
Oil prices edged lower on Wednesday after posting gains for three straight sessions, as investors closely monitored the fragile ceasefire linked to the Iran conflict and awaited the outcome of a high-...
Oil markets inched higher on Friday as tensions escalated between the US and Iran, making traders cautious again. With this, oil markets reversed the sharp losses recorded earlier this week, when pric...
The OPEC member is offering reductions of up to $33.40 per barrel on its benchmark Basrah Medium grade. (AI image) With oil supplies via the Strait of Hormuz still disrupted, Iraq is now offering deep...
NEW DELHI: Russia remained the largest source of crude for India in April, supplying 1.6 million barrels a day (mbd), followed by Saudi Arabia, the UAE, Venezuela and Qatar, data from shipment-trackin...
May Offer Price And Logistics Advantage New Delhi: The UAE’s exit from Opec may prove significantly beneficial for India, which is looking to secure its energy requirements in the long run follo...
The Middle East conflict has already been rattling global oil flows, draining supplies, tightening reserves and pushing crude prices higher across markets. But Iran, one of the key flashpoints in the ...