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).
Indian oil marketing companies' EBITDA will rise in the next financial year - 2025-26 -- as demand growth remains steady and Brent crude oil prices fall -- to USD 70 a barrel in 2025 and USD65 a barrel in 2026, said Fitch Ratings.
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.
This surplus, though modest, is expected to exert downward pressure on oil prices, with Brent crude likely to average around USD 71 per barrel next year.
The participants in the Indian stocks markets will closely monitor various India Purchasing Managers' Index (PMI) of HSBC, US Fed interest rate decisions, foreign fund crude oil prices, and the action of newly appointed Reserve Bank of India (RBI) Governor, Sanjay Malhotra, according to t
India's current account deficit (CAD) will remain within a manageable range for both FY25 and FY26, largely due to muted oil prices that are expected to support the country's external financial position, projected a recent report by Bank of Baroda.
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said that the country could save 91,000 crore rupees on the import bill through biofuel blending and this money could be utilized for the benefit of the agricultural sector.
This level, indicative of persistent challenges for the rupee, reflects an ongoing struggle against strong dollar demand, high crude oil prices, and considerable foreign institutional outflows.
Oil prices in India are expected to remain stable amid the rising geopolitical tensions as the country have several options to buy crude oil indicated Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri in a social media post.
Hardeep Singh Puri, Minister for Petroleum and Natural Gas on Tuesday said that no one can predict fuel prices because of the uncertainty that has prevailed in different parts of the world.