oil prices

Washington, March 7 – US Treasury Secretary Scott Besant indicated that Washington could temporarily ease some restrictions on Russian oil supplies and allow India to continue purchasing to stabilize global energy markets during the ongoing Middle East conflict.In an interview with Fox...

New York/Washington, March 6 The US said on Friday that it is "allowing our friends in India" to take the Russian oil already on ships around southern Asia, refine it, and move the stocks into the market quickly to ensure a steady supply and ease pressure amid the West Asia conflict.Earlier...

Mumbai, March 6 Stock market benchmark indices Sensex and Nifty plunged by over 1 per cent on Friday after a day of relative calm, as the conflict in the Middle East entered its seventh day, driving up crude oil prices.The 30-share BSE Sensex fell by 1,097 points, or 1.37 per cent, to close at...

New Delhi, March 6 – Union Commerce Minister Piyush Goyal said on Friday that talks were underway with the Shipping Ministry and shipping companies to facilitate the release of cargo stranded due to the conflict in the Middle East.The government will explore ways to ease the burden on...

New Delhi, March 5 The United States will work with India to ensure that its short- and long-term energy needs are met, US Deputy Secretary of State Christopher Landau said on Thursday, amid concerns over disruptions in the flow of crude oil following the crisis in West Asia.Global oil and gas...

Mumbai, March 5 Corporate earnings in India could face downside risks if the ongoing Iran conflict persists for more than a few weeks, as higher oil and gas prices threaten to weigh on the economy and markets, according to a report by Kotak Institutional Equities."We expect some downside risk...

New Delhi, March 5 The estimated average Brent crude price of USD 63/bbl for 2026 is unlikely to see a significant increase, as the closure of the Strait of Hormuz would be temporary, and the global oil market oversupply should limit price increases, Fitch Ratings said.Fitch said that while...

Mumbai, March 4 The conflict in the Middle East poses some immediate challenges for the Indian economy, but it is unlikely to significantly impact long-term economic growth, according to an external member of the RBI's rate-setting panel.Moving forward, there is a need for coordinated fiscal...

Wednesday, March 5 The United States may deploy naval escorts for oil tankers passing through the Strait of Hormuz if necessary, the White House has said, as the conflict with Iran raises concerns about global energy supplies and shipping security in one of the world’s most critical maritime...

Mumbai, March 4 Benchmark stock indices Sensex and Nifty closed more than 1 per cent lower on Wednesday, in line with a weak trend in Asian markets as the conflict in West Asia intensified, driving up oil prices.Falling for the fourth consecutive session, the 30-share BSE Sensex plunged...

Mumbai, March 4 The benchmark stock indices, Sensex and Nifty, plunged by more than 1 per cent on Wednesday, in line with a weak trend in Asian markets, as the conflict in West Asia intensified, driving up oil prices.For the fourth consecutive session, the 30-share BSE Sensex fell by 1,122.66...

Mumbai, March 4 The benchmark stock market indices, Sensex and Nifty, experienced significant losses on Wednesday, in line with the weak trend in Asian markets, as the conflict in West Asia intensified, driving up oil prices.Continuing its sharp fall from the previous session, the 30-share BSE...

New Delhi, March 4 Crude oil prices rose by Rs 93 to Rs 7,018 per barrel in futures trading on Wednesday, as participants increased their positions in response to strong spot demand.On the Multi Commodity Exchange, crude oil for April delivery rose by Rs 93, or 1.34%, to Rs 7,018 per barrel in...

Mumbai, March 4 The benchmark equity indices, Sensex and Nifty, plunged in early trading on Wednesday, mirroring a bearish trend in Asian markets, as the conflict in West Asia intensified, driving up oil prices.The 30-share BSE Sensex fell by 1,758.22 points or 2.19%, closing at 78,480.63, as...

Washington, March 4: America's leading newspapers are portraying the war with Iran as a conflict entering a volatile new phase, marked by widening strikes, regional retaliation, and growing uncertainty about its ultimate objective.Analysis and reporting in The New York Times and The Wall...

Washington, March 4: Oil and natural gas prices surged sharply as the war involving Iran raised fears about disruptions to the Strait of Hormuz, a key shipping corridor for global energy. This prompted US President Donald Trump to take steps to reassure markets and protect tanker traffic...

New Delhi, March 3 India said on Tuesday that its mission in Iran has relocated the majority of Indian students from Tehran due to the precarious security situation in the Iranian capital.India's move came as the conflict in West Asia intensified with the US and Israel carrying out fresh...

London, March 3 US President Donald Trump criticised British Prime Minister Keir Starmer on Tuesday, calling his stance on a joint American and Israeli strike on Iran "not very helpful," and praised European neighbours like France and Germany for their response to the war.In a phone interview...

Washington, March 3 – The United States has a plan to counter rising oil prices and protect global shipping lanes as it presses ahead with strikes aimed at crippling Iran's missile arsenal and naval power, Secretary of State Marco Rubio said at the US Capitol.Rubio said markets were reacting...

United Nations, March 3 – UN Secretary-General Antonio Guterres has engaged in diplomatic talks with leaders in the Gulf region as the global organization expressed concern over the global economic repercussions of the Iran war.The UN is "concerned about the potential negative impacts that the...