Oil prices extended their gains as the Middle East conflict intensifies and Strait of Hormuz continues to see disruption, fueling fears of supply disruptions in global markets. On Tuesday, Brent crude...
NEW DELHI: The cost of crude for Indian refiners has soared 93% since the conflict in the Gulf broke out on Feb 28 and hit $136.56 a barrel on Friday, eroding profits for domestic players ranging from...
Oil prices climbed further on Monday after the US administration signalled that the Middle East crisis may persist for several more weeks, raising concerns over prolonged disruptions to global energy ...
NEW DELHI: India today is in a far stronger position to handle disruptions in global energy markets than it was a decade ago, officials said on Sunday. While Strait of Hormuz remains an important chok...
Developments in the ongoing Middle East conflict and the movement in crude oil prices will be the key drivers for Indian equity markets this week, analysts said, with investors also closely tracking t...
MUMBAI: The government’s decision to hold back cuts in retail petrol and diesel prices despite the earlier fall in global crude has given oil marketing companies (OMCs) room to cushion the impac...
India faces a higher import burden when global prices rise, along with possible inflationary effects. (AI image) Internationally, oil prices have risen by around 9-10% following Israel-US strikes on I...
NEW DELHI: Policymakers are keeping a close eye on oil prices and goods movement in the wake of the latest tension in West Asia, while maintaining that it’s too early to assess the impact on the econo...
AI image (Picture credit: OpenAI via ChatGPT) The Strait of Hormuz – a narrow water passageway in the Middle East – is back in focus. The US and Israel strikes on Iran and its retaliation ...
India, the world’s third-biggest oil importer and consumer has reshaped its crude sourcing strategy, according to data from industry sources. Russian crude shipments in January made up the small...