Falling crude oil prices, a surplus in services exports and steady remittance inflows are expected to prevent India's current account deficit (CAD) from widening sharply, even as goods exports face pressure from global headwinds, according to a report by Crisil.
Ongoing restrictions on Russian crude and refined product flows, coupled with an oversupplied global oil market, are expected to keep crude prices subdued while supporting refining margins, a trend that has direct implications for state-run oil marketing companies IOC, BPCL and HPCL, accordi
India's growth cycle may be bottoming out with strong domestic fundamentals supportive of a pick-up in growth going forward, according to a report by HSBC Mutual Fund.
Brent crude oil prices are expected to rise to USD 80 per barrel in the coming months as tensions between the United States and Russia threaten to disrupt the global oil supply chain, highlighted oil market experts in conversation with ANI.
Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Thursday expressed optimism about a potential decline in oil prices, citing India's efforts to diversify its sources of energy imports.
India's export data for the month of June 2025 will be released later in the day. Amid Iran-Israel hostilities that ended in a ceasefire, uncertainties on US tariffs and a relative spike in global crude prices is likely to have its impact on June trade data.
India's economic growth cycle may be bottoming out, supported by a combination of favorable macroeconomic factors such as the interest rate and liquidity cycle, a decline in crude oil prices, and a forecast of a normal monsoon, according to a report by HSBC Mutual Fund.
Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel.
The latest report by S&P Global highlights that geopolitical tensions and shifting trade policies could potentially have a negative impact on the global oil demand.
Global crude oil prices are likely to see downside, weighed down by the de-escalation of the Israel-Iran conflict, soft demand and increasing supply, revealed a latest research report by ICICI Bank.
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.