Energy policy expert Narendra Taneja expects stability to return within 7 to 10 days, as he predicts the US and Israel would likely call for diplomatic negotiations after their objectives are met.
HSBC Global Investment Research has kept its Brent price forecast unchanged at USD 65 per barrel for 2026, even as it warned of rising risks following air strikes on Iran.
Indian stock indices recovered on Monday, though not entirely, after the Budget day nosedive, partly due to value buying and weakening global crude oil prices.
OCAC criticised OGRA for delaying the ECC-approved margin increase for oil marketing companies and linking it fully to 100% digitisation. It urged immediate notification of at least half the hike, proposed a "Digitisation Fund," and sought reimbursement for ATG and track-and-trace investment
According to the Semafor report, revenue from the oil sales is currently being held in bank accounts controlled by the US government, as indicated in Friday's order, according to the administration official. The main account, according to a second senior administration official, is located i
"A lot of money is going to be made. Oil prices will come down, although they are getting down pretty good now without it, and it was a great meeting we had today with the biggest companies anywhere in the world," Fox News quoted Trump as saying.
In its Oil Markets Weekly, JPMorgan said a regime change in Venezuela would represent one of the largest upside risks to global oil supply in 2026 and beyond, an outcome that oil markets are not currently pricing in.
Speaking to ANI on global supply chains, Julian Popov, Former Minister of Bulgaria and Senior Fellow at Strategic Perspectives, said, "Oil markets are adapting to uncertainty, and conflicts aren't significantly impacting prices."
There is not much impact on the global oil market due to the recent US strikes on Venezuela, stated former Chief Economic Adviser Arvind Subramanian in a conversation with ANI.
Oil marketing companies have raised the price of the 19 kg commercial LPG cylinder by Rs 111, effective immediately. Following this revision, the retail sale price of a 19 kg commercial LPG cylinder in Delhi now stands at Rs 1,691.50