Crude Oil Prices

Brent crude futures rose 34 cents, or 0.54%, to $67.07 a barrel by 0317 GMT while the U.S. West Texas Intermediate crude contract for October was at $63.02 a barrel, up 34 cents, or 0.54%

Crude prices likely to remain bearish on limited oil supply impact despite fresh EU sanctions: Experts

Energy experts believe crude oil prices would not rise beyond $70- $72 per barrel despite the latest European Union sanctions on Russian oil over expectations of undisrupted supply from the country

Oil prices rise in choppy session as investors weigh US strikes on Iran

Since the conflict began on June 13, oil prices have been climbing amid fears that Iran could retaliate by disrupting the Strait of Hormuz — a vital shipping route through which about 20% of the world’s crude oil passes

India's low-inflation story at risk if crude prices see sustained rise: Kranthi Bathini of WealthMills Securities

From the risk of surging crude prices to rising Middle East worries, Bathini lays out how global tensions could shape inflation, policy moves, and investor strategy in the weeks ahead

New oil regulatory bill to boost carbon capture in the sector

India’s Oilfield (Regulatory and Development) Amendment Bill promotes Carbon Capture, Utilisation, and Storage (CCUS), setting stricter environmental standards, offering incentives, and imposing penalties to reduce carbon emissions in the oil and gas sector.

Crude sensitive stocks slump as Brent oil prices surge past $81; HPCL, IndiGo, BPCL slip upto 6%

Brent crude prices hit a three month high amid expectations that recent US sanctions on Russian oil producers will disrupt Russian crude supplies to major importers--China and India.

Oil prices dip as extended OPEC+ supply cuts highlight weak demand

Brent crude futures fell by 9 cents, or 0.1%, to $72 per barrel by 0116 GMT. U.S. West Texas Intermediate crude futures fell by 4 cents, or 0.1%, to $68.27 per barrel.

Centre to wind up windfall tax on crude production, exports as oil prices slide: Report

The tax, imposed on both local crude oil production and exports of petrol, diesel, and jet fuel, is a special additional excise duty that is reviewed every fortnight based on the average prices of oil in the preceding two weeks.

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+.

Oil heads for weekly loss as Chinese demand continues to underperform

Brent crude futures were down 65 cents, or 0.9%, at $71.91 a barrel by 0450 GMT. U.S. West Texas Intermediate crude futures were down 62 cents, or 0.9%, at $68.08.

Goldman Sachs warns oil prices could soar by $20 amid Iranian production concerns: Report

If Israel targets Iran’s oil infrastructure, approximately 4% of the world’s oil supply could be at risk. Analysts are particularly concerned about Kharg Island, which is responsible for 90% of Iran's crude exports.

Short Call | Is the bull market ready to buckle amid geopolitical storm? Petronet LNG, Dabur, Crompton Greaves in focus

History shows us, over and over, that bull markets can go well beyond rational valuation levels as long as the outlook for future earnings is positive - Peter Bernstein

Oil edges up on Middle East conflict but supply outlook limits gains

Brent crude futures were up 9 cents, or 0.12%, to $77.71 a barrel as of 0010 GMT. U.S. West Texas Intermediate crude futures were up 8 cents, or 0.11%, to $73.79 a barrel.

Markets not pricing in Middle East conflict risk yet, correction likely if crude oil spikes: Analysts

Although markets haven't priced in this threat yet, analysts cautioned that a broader conflict could spark a correction, especially if crude prices surge

Oil prices extend recovery rally to cap volatile week

If those gains hold, both benchmarks will break a streak of weekly declines, despite a rough start that saw Brent crude dip below $70 a barrel on Tuesday for the first time since late 2021. At current levels, Brent is set for a weekly increase of about 1.7%, and WTI is set to gain over 2%

Oil prices rebound on fears of supply disruption from tropical storm

Brent crude futures climbed 39 cents, or 0.6%, to $69.58 a barrel by 0031 GMT while U.S. crude futures were at $66.19 a barrel, up 44 cents, or 0.7%

Oil prices pause after surging on Libyan outages, Middle East tensions

Brent crude futures fell 32 cents, or 0.39%, to $81.11 a barrel at 0154 GMT, while U.S. West Texas Intermediate crude futures fell 36 cents, or 0.46%, to $77.06 a barrel.

Oil prices ease after 5-day rally as OPEC lowers demand growth forecast

Brent had gained over 3 percent on Monday, while US crude futures was up over 4 percent.

Crude on track for weekly fall on weak demand, West Asia tensions

Oil prices inched up on August 2 but benchmark Brent futures are on course to fall 1.7 percent and 1.1 percent for the week

Iran-Israel conflict: Strait of Hormuz blockade could trigger Oil and LNG price surge, analysts warn

Motilal Oswal Financial Services suggested in a note that any complete or partial blockade of the Strait of Hormuz by Iran could trigger significant spikes in oil and LNG prices.

ONGC gets bullish calls from Morgan Stanley, Jefferies, stock shows up to 37% upside potential

Jefferies has recently initiated coverage on ONGC with a 'buy' rating, driven by favourable crude and gas reforms as well as improved profitability

As crude oil prices rise, MC explains what’s on the cards for petrol, diesel prices

After a gap of almost two years, the OMCs, including Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd, had on March 14 slashed fuel prices in the country by Rs 2 per litre.

Oil marketers trade in green despite crude prices hovering on 5-month peak

CLSA has a 'sell' call on all three leading OMCs. According to the foreign brokerage, Brent breakout at $88 per barrel is the breakeven point for marketing margins. Any additional increase in crude prices could potentially unsettle investors.

Crude prices have fallen since 2022 but petrol, diesel retail prices remain same. Why have OMCs not cut prices?

With global crude oil prices trading around $80 a barrel since late 2023 and oil marketing companies turning profitable, consumers have been expecting a cut in fuel prices

Oil dips, to post weekly loss as markets weigh Chinese demand

Brent crude futures were down a 87 cents or 1.04% cents, at $82.10 a barrel by 11:30 a.m. ET (1630 GMT). U.S. West Texas Intermediate crude futures were down 96 cents, or 1.2%, at $77.98.