energy markets

Sensex Plunges 2.16% As Geopolitical Tensions Spike and Oil Prices Surge Back Above $105 Domestic equity markets traded sharply lower on Monday, grappling with weak global sentiment. The primary catalyst for the sell-off was the failure of US and Iran peace talks to make progress. This...

US-Iran Tensions Flare: Experts Warn Conflict Prolongs, Threatening Global Energy Lifelines Washington saw deep divisions emerge over the next phase of the US-Iran conflict on Sunday. Democratic Senator Mark Warner questioned the claims of progress, warning that the situation remained prolonged...

US-Iran Peace Talks Collapse: Strait of Hormuz Stability in Jeopardy Amid Negotiations Stalemate The high-stakes, 21-hour peace talks between the US and Iran in Islamabad have concluded without a deal, casting immediate doubt over the viability of the existing two-week ceasefire. Both nations...

New Delhi, April 11 – The Centre on Saturday increased excise duties on petroleum products, including high-speed diesel, with immediate effect, according to a notification issued by the Ministry of Finance.The Union government has hiked the export duty or windfall tax on diesel by Rs 34 per...

New Delhi, April 11 – American billionaire and investor Ray Dalio has stated that the most critical and consequential phase of the Iran conflict is yet to come, warning that a decisive "final battle" for control of the Strait of Hormuz will determine not just the outcome of the current war, but...

New Delhi, April 7 Crude oil prices rose by nearly 3 per cent to hit a record high of Rs 10,888 per barrel in futures trading on Tuesday, driven by strong global cues as tensions between the US and Iran intensified ahead of President Donald Trump's deadline for reopening the Strait of Hormuz...

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...