US President Donald Trump said on Friday (US local time) that he is going to meet top oil industry executives at the White House and hold discussion exclusively on Venezuela- its oil, the ties with US, security, the people and "stoppage" of drugs and criminals coming into the US.
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.
Global crude oil prices are expected to soften significantly in 2026, with Brent crude likely to decline to around USD 50 per barrel by June 2026, according to a report by State Bank of India.
The ongoing crisis involving Venezuela is unlikely to have a significant impact on global prices of gold, silver and crude oil, as the country has already been under sanctions for several years and plays a limited role in formal global supply chains, experts said while reacting to the rec
Taneja also noted that recent developments may not have an immediate impact on oil prices and could create opportunities for Indian oil companies if sanctions are lifted.
The domestic natural gas consumption is expected to rebound and grow by 3-4 per cent year-on-year in FY2027 after witnessing a phase of near-term moderation in FY2026, according to a report by ICRA.
Global crude oil prices are expected to remain under pressure in 2026 as the global oil market is likely to face a sustained supply surplus, according to a report by ING Bank, a global banking and financial services major.
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 external sector outlook remains broadly stable despite recent volatility in trade data, with the current account deficit (CAD) expected to remain around 1 per cent of GDP in FY26, supported by easing commodity prices, resilient services exports and moderating trade pressures, accordi
Congress MP Manish Tewari on Friday moved an adjournment motion in the Lok Sabha, demanding that the poor performance of the rupee be discussed in the Lower House after the Indian currency continued to decline to a new low of 90.43 against the dollar.