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Crude oil prices may surge to USD 80 per barrel amid fresh US-Russia tensi
Updated : 9 months, 3 weeks ago IST
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.
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India's oil imports from Russia helped global markets to stabilise: Hardee
Updated : 10 months, 3 weeks ago IST
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.
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Oil prices likely to stabilize near USD 65 as Trump announces Iran-Israel
Updated : 11 months, 1 week ago IST
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.
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Israel-Iran tensions could widen India's CAD by 0.3% of GDP, says ICRA
Updated : 11 months, 1 week ago IST
If the heightened tension in West Asia pushes average crude prices by USD 10 per barrel, it will typically push up India's net oil imports by nearly USD 13-14 billion during the year, enlarging India's CAD by 0.3 per cent of GDP, noted a recent report by ICRA.
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Brent crude prices to remain at USD 70/bbl in FY26 despite Israel-Iran con
Updated : 11 months, 2 weeks ago IST
Despite recent volatility and rising conflicts between Israel and Iran, Brent crude oil prices are expected to average around USD 70 per barrel in FY26, according to a report by Emkay Research.
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Surge in oil prices amid middle east tensions poses fresh challenges for I
Updated : 11 months, 2 weeks ago IST
Indian airlines are facing renewed pressure on profitability as escalating tensions in the Middle East threaten to push global crude oil prices to USD 100 per barrel, according to a report by Nuvama.
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Surge in crude prices poses risk to India's current account deficit as eve
Updated : 11 months, 2 weeks ago IST
Amid rising global crude prices, India's current account deficit (CAD) for FY25 faces an upward risk, as every USD 10 per barrel increase in oil prices can worsen the annual CAD by nearly USD 15 billion, according to a report by Union Bank of India (UBI).
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"India has adequate energy supplies": Union Minister Puri amid Iran-Israel
Updated : 11 months, 3 weeks ago IST
The oil supply update by the minister attaches importance, given that the international oil prices shot up sharply post the early morning attack on Iran by Israel. At the time of filing this report, crude oil WTI futures were trading 6 per cent higher at USD 72.04 per barrel.
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Global crude prices to trade with a downward bias in 2025 in range of USD
Updated : 1 year ago IST
Global crude oil prices are likely to trade with a downward bias in 2025, according to a recent report by ICICI Bank.
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Oil companies losses on LPG expected to decrease by around 45% in FY26 if
Updated : 1 year ago IST
LPG losses incurred by oil marketing companies (OMCs) are expected to decrease by around 45 per cent in FY26 if crude oil prices remain stable at USD 65 per barrel, according to a report by CareEdge Ratings.
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Despite OPEC+ supply cut, global oil market will be in surplus during 2025
Updated : 1 year, 5 months ago IST
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.
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OMCs' operating profit to drop by 30% in FY25 amid diesel spread softening
Updated : 1 year, 7 months ago IST
Oil marketing companies (OMCs) will see operating profit drop to USD 12-14 per barrel in fiscal 2025 from USD 20 per barrel last fiscal, said report.
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