energy markets

New Delhi, April 6 – Saudi Arabia increased the price of its flagship crude on Monday, with state-owned Saudi Aramco setting the official selling price for its Arab Light crude for May shipments at a record premium of $19.50 per barrel over the regional benchmark for Asian buyers.This steep...

New Delhi, April 6 Crude oil prices rose by Rs 91 to Rs 9,284 per barrel in futures trading on Monday, remaining near record levels, after US President Donald Trump warned of military strikes on Iran's power plants and other infrastructure if the Strait of Hormuz is not reopened.On the Multi...

RBI Interest Rate Hike Unlikely Unless Crude Oil Prices Remain Above $100 New Delhi, April 2 – The Reserve Bank of India is unlikely to raise interest rates at its upcoming Monetary Policy Committee meeting next week, according to a report released on Thursday. The report suggests that the RBI’s...

New Delhi, April 1 Crude oil prices fell by more than 3 percent to Rs 9,265 per barrel in futures trading on Wednesday as investors booked profits after US President Donald Trump said the military could end its offensive against Iran in two to three weeks.On the Multi Commodity Exchange (MCX)...

New Delhi, March 31 India's real GDP growth for the next fiscal could decline by around 1 percentage point, while retail inflation could rise by about 1.5 percentage points from their baseline estimates if the Middle East conflict persists through the next fiscal, an EY report said.The EY...

New Delhi, March 27 – Crude oil prices rebounded to trade nearly 2% higher in domestic futures on Friday, driven by global energy gains and heightened geopolitical tensions in West Asia.On the Multi Commodity Exchange (MCX), April crude oil opened lower at ₹8,820 per barrel but surged ₹143, or...

New Delhi, March 26 Reliance Industries Limited (RIL) on Thursday denied reports that it had purchased Iranian crude, calling these reports "baseless".Earlier reports claimed that RIL had purchased 5 million barrels of Iranian crude after the US administration temporarily lifted sanctions on...

Seoul Central Bank Warns of Rising Interest Rates Amid Middle East Conflict SEOUL, March 26 – The Bank of Korea (BOK) has issued a warning regarding potential upward pressure on market interest rates due to the escalating conflict in the Middle East. The central bank’s statement, released on...

Gold Futures Extend Losses in Domestic Market New Delhi, March 24 Gold prices continued their downward trend on Tuesday, declining by Rs 2,260 to Rs 1.37 lakh per 10 grams in futures trading, marking the fifth consecutive session of losses amid ongoing uncertainty surrounding geopolitical...

Crude Oil Prices Surge Over 4% Amid Renewed Middle East Tensions New Delhi, March 24: Global crude oil prices surged more than 4 percent in early trade on Tuesday, as market sentiment turned volatile despite a temporary pause in US military action against Iran’s energy infrastructure.Brent and...

Goldman Sachs Raises Oil Price Forecasts Amid Strait of Hormuz Disruption Analysts at Goldman Sachs have significantly increased their oil price forecasts for 2026, citing substantial disruptions to shipments through the Strait of Hormuz. The investment bank anticipates a major supply shock to...

West Asia Conflict Disrupts Indian Supply Chains, CII Flags Shipment Delays and Raw Material Shortages New Delhi, March 22: Indian companies are witnessing supply chain disruptions, including shipment delays and shortages of key raw materials, due to the ongoing conflict in West Asia, the...

UAE Assures Priority Crude Oil Supply to South Korea Amid Middle East Tensions South Korea Secures 24 Million Barrels of Oil from UAE Seoul, March 18: The United Arab Emirates has assured South Korea of priority access to crude oil supplies, as concerns over global energy stability intensify due...

Global Oil Disruption: Jet Fuel and Diesel Prices Surge Faster Than Crude Amid Middle East Conflict Refined Products Face Greater Impact Than Crude Oil New Delhi, March 17: The ongoing conflict involving Iran across the Middle East is reshaping global energy markets, with refined petroleum...

Gold and Silver Prices Hold Steady as Strong US Dollar and Rising Yields Weigh on Bullion Precious Metals Remain Largely Stable in Friday Trading Gold and silver prices remained largely stable on Friday, March 13, as investors balanced safe haven demand with pressure from a stronger US dollar...

Gold and Silver Prices Hold Steady as Strong Dollar and Rising US Yields Pressure Bullion Gold and silver prices remained largely stable on Friday, March 13, as investors weighed safe haven demand against pressure from a stronger US dollar and rising US Treasury yields. Ongoing geopolitical...

Asian Markets Slide as Oil Price Surge and Iran Conflict Weigh on Global Investor Sentiment Asian markets extended a turbulent trading week on Thursday after a sharp decline in US equity futures, as rising oil prices and increasing stress in the private lending market dampened investor...

Gold and Silver Prices Hold Steady as Investors Weigh West Asia Conflict and Inflation Signals Gold and silver prices were largely unchanged in early trading on Wednesday as investors evaluated mixed signals from US officials regarding the ongoing conflict in West Asia and its potential impact...

Crude Oil Prices Drop Nearly 6% As Hopes of Middle East De-escalation Emerge Crude oil prices declined sharply on Tuesday, retreating from the previous session’s highs as markets reacted to growing expectations of easing tensions in the Middle East.Brent crude futures fell by $6.51, or 6.6...

Oil Prices Surge Past $100 as Iran Conflict Disrupts Strait of Hormuz Energy Flows Global Oil Markets React to Escalating Middle East Conflict Oil prices surge past $100 per barrel as the conflict involving Iran disrupts energy flows through the Strait of Hormuz, sending shockwaves across global...