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Israel-Iran war has halted Gulf oil flow — and restarting it won't be easy
The war has forced companies to dramatically slow or even halt production -- and restarting it will not be easy, even when the war is over
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Brent crosses $100/bbl as tanker path corrected
Brent futures for May were up $1.37, or 1.36%, to $101.83 a barrel at 10:55 a.m. CDT (1555 GMT), heading for a weekly increase.
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Lured by profits, some shipowners brave mines and missiles to sneak oil past Iran
The voyages reflect the financial allure of soaring crude oil prices and surging tanker rates since the start of the war, which has effectively sealed off a fifth of the world’s oil and liquefied natural gas supply from global markets.
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US allies criticize Trump’s move to lift Russian oil sanctions
The reactions came shortly after Trump’s administration issued its second authorization for buyers to take Russian oil cargoes already at sea, expanding a temporary waiver given last week to India
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Oil on track for weekly gains despite US sanctions waiver on Russian oil
Brent futures for May declined $1.22, or 1.2%, at $99.24 a barrel at 1053 GMT, heading for a weekly increase of 7.5%
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Oil sinks 11% as Trump predicts Middle East de-escalation
Brent futures were down $10.45, or 10.6%, at $88.51 a barrel by 1504 GMT (11:04 a.m. EDT), while U.S. West Texas Intermediate (WTI) crude was down $10.61, or 11.2%, at $84.16
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G-7 tasks IEA with preparing scenarios for oil-stockpile release
The G-7 wants to be ready to deploy oil reserves if needed, and tasked the International Energy Agency with studying the volumes that could be released
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US stocks rise as oil extends rout on stockpile talks
The S&P 500 wiped out losses as US crude tumbled to $83 after the Group of Seven nations tasked the International Energy Agency with studying the volumes that could be released
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SpiceJet chairman says crude oil even at $90 is ‘unsustainable’
Indian carriers have hiked prices on long-haul routes by 15%, Bloomberg News reported Monday
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'Downright panic': Traders tested to limits on oil’s wild Monday
Benchmark contracts for oil — the world’s most traded commodity — surged as much as 29% on Monday following a weekend of unrelentingly negative news from the deepening crisis in the Middle East.
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Geopolitical shocks trigger sharp market corrections followed by strong rebounds
Market reactions to such events over the past three decades have followed a somewhat similar pattern
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Oil prices plunge from $119 to $86 after Trump says Iran war nearly complete
After jumping overnight, U.S. crude briefly touched levels near $119 per barrel before reversing course.
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G-7 ready to release oil stockpiles if needed to help supply
Brent oil futures surged as much as 29% at one stage on Monday before sharply paring their gains when it emerged that the G-7 would discuss a possible stockpile release
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Crude retreats but holds above $104 as G7 weighs emergency oil reserve release
Stocks, bonds and precious metals slid on Monday as investors, spooked by the impact of surging oil prices on global inflation and economic growth, turned risk-averse and cashed in on some of their most profitable trades
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Nifty's valuations could fall to 18x as crude oil soars above $115/bbl
ICICI Securities warns Nifty 50 may drop 10% if crude oil stays above $115/bbl, with valuations falling to 18x.
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No need to panic, says Prashant Jain: Outbound FDI fall may offset oil shock; large-cap downside limited to 10%
Prashant Jain says Indian equities' impact from rising oil prices depends on price levels and duration. Large-caps may see moderate downside, but small- and mid-caps face deeper corrections.
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Oil price shock rattles OMC stocks; profit outlook weakens if pump prices stay frozen
Shares of Indian oil marketing companies fell sharply as Middle East tensions caused crude prices to surge past $115/barrel.
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IndiGo, SpiceJet, Asian Paints slide up to 8% as oil shock above $115 hits crude-sensitive stocks
A sharp surge in crude oil prices above $115 per barrel has raised fears of higher input costs and renewed inflationary pressures. Among the biggest losers, IndiGo shares plunged over 7 percent. Paint companies, which rely heavily on crude derivatives for inputs, also came under pressure.
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Markets used to one-way rallies, wait on the sidelines amid Middle East tensions: Rajesh Bhatia, ITI
Rajesh Bhatia warns markets could fall over 10% if Middle East tensions persist, causing supply disruptions and inflation.
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No hike in petrol, diesel prices despite crude topping $100 per barrel; govt wants oil companies to absorb shock
Government sources have sought to assure people that the prices of petrol and diesel will not be raised, and have said that the state-run oil marketing companies (OMCs) could absorb the impact of crude oil prices topping $100 per barrel for now.
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Markets could see up to 10% fall on Middle East tensions, time to buy in a staggered manner: Vikas Khemani
Vikas Khemani warns Indian markets may fall 10% amid Middle East tensions and oil price surge, but sees this as a buying opportunity.
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India taps alternative crude supplies as Iran conflict drags on
India imports about 88 percent of its crude oil requirement, with roughly half of those supplies in February passing through the Strait of Hormuz
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Why oil at $200 a barrel is no longer unthinkable
If supply disruptions persist, holders of stockpiled reserves can’t be relied on to fully cushion the impact
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How the Middle East tensions could affect India’s energy supplies
Government said that the country is well stocked with crude oil and inventories of key petroleum products including petrol, diesel and ATF to deal with short-term disruptions arising from the Middle East.
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QatarEnergy production halt may disrupt India’s LNG supply, govt closely monitoring
Government sources, however, said that India is closely monitoring the situation and does not expect any notable hit on the country’s LNG supplies if the Qatar facility is shut for 8-10 days. If the closure is prolonged, the government might explore additional domestic supply adjustments to address the issue, official sources said.
