Amid the ongoing tariff threat from the US President Donald Trump, the crude oil prices will not be affected by it, says A S Sawhney, Chairman of Indian Oil Corporation Ltd (IOCL).
India continues to purchase crude oil from various global suppliers while ensuring compliance with international sanctions, according to A S Sawhney, Chairman of Indian Oil Corporation Ltd (IOCL).
The international crude price outlook for 2025 will be driven by the prospect of an escalation in the trade war that is expected to depress Chinese demand, as per a report by ICICI Bank. The outlook also hinges on US President Donald Trump's energy policy regime.
The US sanctions impose restrictions on two major Russian oil producers--Gazprom Neft and Surgutneftegaz--as well as 157 tankers, insurance companies, oilfield service providers, and traders.
After the Donald Trump's re-election as the U.S. President, Trump 2.0 is likely to see some reduction in global wars, lesser geo political uncertainty and stable crude prices, according to a report by by stockbroking firm Prabhudas Lilladher.
With the softening of crude prices in the international market, it is estimated that the government may save up to Rs 60,000 crore on crude imports this fiscal as compared to last year.
India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in the country's overall exports in August, according to a report by CRISIL.
Fitch projects a 3 per cent-4 per cent increase in India's petroleum product demand for the fiscal year ending in March 2025 (FY25), buoyed by rising consumer, industrial, and infrastructure needs.
New Delhi [India], June 6: The Indian stock market is impacted by both macroeconomic and microeconomic factors, with macroeconomic variables influencing the entire economy or sectors and microeconomic factors focused on individual stocks. Following globalisation, the Indian stock market has
According to S&P Global Commodity Insights, Russell Hardy, the CEO of Vitol, delivered this forecast, indicating that spot crude prices could surge to USD 100/b later this year if Organization of the Petroleum Exporting Countries (OPEC+) continues its production discipline and persists i