Crude Oil

Can already see India starting to diversify: Trump’s trade adviser on Delhi's oil purchases from Moscow

USTR Jamieson Greer said the Russian oil purchases are not a 'bedrock' of the Indian economy

OPEC+ nears agreement for modest November production hike

Key members of the alliance expect to ratify a decision to restart 137,000 barrels a day, the same volume scheduled for this month

Oil rises, but heads for weekly loss as market awaits OPEC's November decision

Brent crude futures were up 64 cents, or 1%, at $64.75 a barrel by 12:17 p.m. ET (1617 GMT). U.S. West Texas Intermediate crude was up 72 cents, or 1.2%, at $61.17

Oil slips as Kurdistan crude exports resume, OPEC+ plans output hike

Brent crude futures fell 63 cents, or 0.90%, to $69.50 a barrel by 0023 GMT after settling at the highest since July 31 on Friday

India's Russian oil imports strong in September so far despite US pressure: Report

The crude loadings at Russian ports for India is also stable in September, the report said

OPEC+ confronts the next stage in battle for oil market share

Saudi Arabia and its partners have yet to decide how to proceed after completing the fast-tracked addition of 2.5 million barrels a day that was finalized at its previous gathering

Russian oil gets cheaper for India as US amps up criticism

The price of Urals crude has dipped to a discount of $3 to $4 a barrel to Brent on a delivered basis

Front-loaded exports, softer oil prices may cushion India’s current account deficit from Trump’s tariffs

Indian exporters have rushed their US-bound shipments ahead of the August 27 tariff deadline. Exports to America have risen around 22 percent on-year so far in this fiscal till July, which is higher than the trend of 17-18 percent growth rate.

Importing crude oil from Canada remains unfeasible for India as of now: Govt source

Canada primarily exports crude oil to the United States. The country does not have required infrastructure to transport crude oil pumped in remote areas to port cities, from where oil could be shipped to other markets including India.

Despite volatile crude, domestic fuel prices reduced owing to govt initiatives: Hardeep Puri

The government is committed towards ensuring energy security, affordability and accessibility for every citizen, said Hardeep Singh Puri, Union minister for petroleum and natural gas.

Maintenance by refineries and monsoon lowered India’s July oil purchase, reduced import bill

The lower crude oil import for July was primarily due to scheduled refinery maintenance shutdown and comparatively lower demand due to the monsoon season.

Commerce Ministry delegation to join EAM Jaishankar during Russia visit; Eurasian FTA, rupee-rouble settlement on agenda

India and the five-nation Eurasian Economic Union bloc have been working towards launching formal negotiations for a proposed free trade agreement. The five members of the bloc are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

Global oil markets face record supply glut next year, says IEA

World oil demand this year and next is growing at less than half the pace seen in 2023.

India’s FY26 GDP growth seen at least 6% even if Trump keeps tariffs at 50%, says govt official

A favourable monsoon and the likelihood of benign crude oil prices are expected to cushion some of the impact of steeper US tariffs on Indian exports.

Trump India Tariffs | U.S. Tariffs on India Over Russian Oil: What Are the Alternatives? | N18G

The U.S. has proposed tariffs on Indian exports in response to India’s continued purchases of discounted Russian crude oil. What does this mean for India’s economy and trade relations? In this video, Shivani Singh breaks down the tough choices India faces, should it keep importing cheaper Russian oil and risk higher U.S. tariffs, or switch to more expensive alternatives from the Middle East, the U.S., or Africa? We explore the pros, cons, and financial impacts of each option. Stay tuned to understand the full picture behind the U.S. tariff threat and India’s energy strategy.

Oil traders race against time to solve a global diesel crunch

The fate of the fuel has wide-reaching ramifications for the global economy

Russia oil prices to India dip on sanctions, threats, says Kpler

The price of Urals, the OPEC+ producer’s flagship oil, is more than $5 a barrel cheaper than Dated Brent

Indian state refiners may continue dirhams-only Russian oil deals amid fresh EU curbs, Trump's threats, sources say

EU’s stricter sanctions this year have only solidified the practice of purchasing crude oil from Russia through dirhams by rerouting it through Emirati traders, officials added.

Here’s why oil cartel OPEC+ is planning more production hikes despite subdued crude prices

The oil cartel - which produces 40 percent of the world’s total oil output - agreed to further increase output in August. Even as crude prices hover $65-70 per barrel, OPEC+ has decided to boost output to expand market share amid weak demand and rising supplies.

EU curbs on Russian oil could impact India's $15 billion fuel exports

This measure will hurt nations such as India, Turkey and the UAE, which have been refining Russian crude and selling diesel, petrol, and jet fuel to Europe

Oil Prices Edge Higher Amid Trump Statement On Russia, Sanctions Loom Large N|18G

Oil prices edged higher on Monday, July 14, extending Friday’s gains of over 2%, as markets reacted to the prospect of new U.S. and EU sanctions on Russia. Brent crude rose 15 cents to \$70.51 per barrel, while U.S. WTI climbed 14 cents to \$68.59. Investors are eyeing potential disruptions to global supply, especially after President Trump announced plans to send Patriot missile systems to Ukraine and prepare a major statement on Russia. A bipartisan U.S. sanctions bill targeting Russia is gaining traction in Congress, aiming to pressure Moscow into peace negotiations. Meanwhile, the EU is nearing agreement on its 18th sanctions package, which may include a lower price cap on Russian oil. However, price gains remain modest, capped by Saudi Arabia’s increased oil output and lingering uncertainty over global trade tariffs. The market is now closely watching geopolitical developments for signs of further volatility in energy prices.

Indian refiners eyeing Canadian oil to diversify basket: Dastur Energy CEO

It means a higher freight cost compared to traditional sources like Kuwait or Saudi Arabia, but Atanu Mukherjee says this can be easily offset by the discounts offered. Moreover, the country's energy security has to be ring-fenced in the face of geopolitical tensions.

Oil eases as traders assess US tariffs, OPEC+ output hike