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    • Iran-Israel conflict: Why India's energy sector is worried about Strait of Hormuz closure threat

      India is a net importer of crude oil, with over 40 percent of its supplies sourced from Middle East nations such as Iraq, Saudi Arabia, the United Arab Emirates, Kuwait and Qatar. These countries export crude oil and LNG to India through the Strait of Hormuz route.

    • Crude prices expected to stay weak around $75/bbl until Feb 2025 amid low demand, higher supply

      Experts believe prices would remain bearish in the short term and might further collapse as the oil market witnesses rising supply from producing nations including OPEC+.

    • Boost to Indian economy from falling oil prices 'fading': DBS

    • Brent crude price rise over $62 as Asian mkts open strong

    • Brent dips on force majeure lift, trade volatile

      Brent prices slipped in volatile trading on Tuesday, giving up early gains after news that Royal Dutch Shell lifted a force majeure on its Nigerian Bonny Light production.

    • FACTS applies balm, says significant jump in crude unlikely

      Crude oil price is on upswing after Organization of the Petroleum Exporting Countries (OPEC) kept output quotas unchanged. Back in the home turf, PSU oil companies have been losing significantly on the bourses. The benchmark Sensitive Index lost 0.3% in the morning trade.

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