Search For "crude oil"
India's oil import from Iran "depends on market factors, prevailing globa
Updated : 9 months ago IST
The Ministry of External Affairs clarified India's position on importing crude oil from Iran on Wednesday, stating that energy purchases are based on "market factors and the prevailing global situation."
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Oil prices likely to stabilize near USD 65 as Trump announces Iran-Israel
Updated : 9 months ago IST
Crude oil prices are now expected to remain around USD 65 per barrel after US President Donald Trump announced a ceasefire between Iran and Israel, bringing relief to global markets.
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Supply not an issue for India, price is; If crude price crosses USD100, In
Updated : 9 months ago IST
Amid the ongoing conflict in the Middle East and rising crude oil prices, energy experts have said that oil supply through the Strait of Hormuz is unlikely to be immediately affected, though risks remain if tensions escalate further.
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Brent crude prices to remain at USD 70/bbl in FY26 despite Israel-Iran con
Updated : 9 months, 1 week ago IST
Despite recent volatility and rising conflicts between Israel and Iran, Brent crude oil prices are expected to average around USD 70 per barrel in FY26, according to a report by Emkay Research.
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Surge in oil prices amid middle east tensions poses fresh challenges for I
Updated : 9 months, 1 week ago IST
Indian airlines are facing renewed pressure on profitability as escalating tensions in the Middle East threaten to push global crude oil prices to USD 100 per barrel, according to a report by Nuvama.
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"There will be stability in prices": Union Minister Puri on shortage fear
Updated : 9 months, 1 week ago IST
Amid escalating tensions between Israel and Iran, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Wednesday assured that India has sufficient petrol and diesel reserves and that India need not to worry, as it also has enough energy supplies for the coming months.
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"There will be no shortage of crude oil," assures Hardeep Singh Puri
Updated : 9 months, 1 week ago IST
Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, on Wednesday assured that there will be no shortage of crude oil and projected stability in fuel prices, despite global uncertainties.
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Any escalation in Middle-East crisis or sharp rise in crude prices will im
Updated : 9 months, 1 week ago IST
Any further escalation in the Middle-East crisis or a sharp rise crude prices could pose a serious risk to earnings, especially for Indian Oil Marketing Companies (OMCs) and gas companies.
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Rising Israel-Iran conflict, India faces growing threats to its energy sec
Updated : 9 months, 1 week ago IST
Indian Government should review energy risk scenarios, diversify crude sourcing and ensure strategic reserves of oil amid the ongoing conflict between Israel and Iran, according to a report by GTRI.
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"India has adequate energy supplies": Union Minister Puri amid Iran-Israel
Updated : 9 months, 2 weeks ago IST
The oil supply update by the minister attaches importance, given that the international oil prices shot up sharply post the early morning attack on Iran by Israel. At the time of filing this report, crude oil WTI futures were trading 6 per cent higher at USD 72.04 per barrel.
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US faces steeper crude oil production decline than previously anticipated:
Updated : 9 months, 2 weeks ago IST
The US is facing a deceleration of crude oil production growth in 2025 than previously anticipated, according to a new analysis by S&P Global Commodity Insights.
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Visakh Refinery's processing capacity increases to 15 million tonnes
Updated : 9 months, 2 weeks ago IST
"At Visakh Refinery, 10 years ago, we were 8.33 million tonnes. That was our nameplate capacity. We used to process around 9 million, and now we have grown," the Executive Director of Visakh Refinery told ANI.
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