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Crude Oil

US blames Iran for tanker attacks in Gulf of Oman, Iran rejects assertion

Crude oil prices spiked more than 4% after the attacks near the entrance to the Strait of Hormuz, a crucial shipping artery for Saudi Arabia and other Gulf energy producers.

Jun 14, 2019, 10:07 AM IST

India delays May order for Iran oil, awaits clarity on sanctions waiver: Report

Washington had given a six-month waiver to eight nations including India, allowing them to import some Iranian oil until early May.

Apr 09, 2019, 17:19 PM IST

Oil eases from four-month high on global growth worries

Oil prices edged lower on Thursday, retreating from a four-month peak, as fears of a slowing global economy weighed on market sentiment.

Mar 21, 2019, 07:47 AM IST

India inks pact with Iran to pay crude bill in rupee

Under US sanctions, India can export foodgrains, medicines and medical devices to Iran.

Dec 06, 2018, 18:05 PM IST

Saudi Arabia pumps record amount of oil as Trump piles on pressure

Saudi Arabia agreed to raise supply steeply in June, in response to calls from consumers, including the United States and India, to help cool oil prices and address a supply shortage.

Nov 26, 2018, 18:02 PM IST

Fuel prices fall yet again, petrol at Rs 79.18 per litre in Delhi

Fuel prices saw yet another fall on Friday with petrol retailing at Rs 79.18 per litre - fall of 19 paise from a day earlier, while diesel was at Rs 73.64 per litre in the national capital.

Nov 02, 2018, 06:45 AM IST

Brent oil rises back above $80 as Iran sanctions loom

OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.

Oct 22, 2018, 12:30 PM IST

US oil exports fall as India turns to Iran ahead of sanctions

US oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 percent from a record high of 347,000 bpd in June, Kpler data showed. India accounted for 12 percent of US crude exports in June.

Oct 05, 2018, 14:25 PM IST

'Assembly polls, crude oil, developments at trade front crucial for equity market this year'

Of late, rupee woes, high crude oil prices, unabated foreign fund outflows and escalating trade tensions between the US and China have dampened the market sentiment.

Sep 20, 2018, 18:22 PM IST

India's fuel demand rose 0.8% YoY in August

Sales of gasoline, or petrol, were 7.8 percent higher from a year earlier at 2.36 million tonnes.

Sep 14, 2018, 15:44 PM IST

Govt raises ethanol price for blending in petrol by 25%

Also, OMCs will pay GST and transportation charges.

Sep 13, 2018, 11:44 AM IST

Petrol touches Rs 90.11 in Maharashtra's Parbhani

On the 15th day of consecutive hikes, petrol prices increased on Tuesday by Rs 0.14 and diesel by Rs 0.15.

Sep 11, 2018, 15:00 PM IST

In a bid to boot out US pressure on India, Iran ready for oil supplies on 'flexible measures'

While India maintains national interests are primary, market analysts and strategic experts believe US sanctions on Iran could determine how countries deal with importing oil from the West Asian country.

Jul 13, 2018, 13:29 PM IST

US says no exemption to India on oil imports from Iran

Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia. It supplied 18.4 million tonnes of crude oil during April 2017 and January 2018.

Jun 27, 2018, 18:10 PM IST

SBI to stop handling Iran oil payments: IOC

Iran offers Indian refiners a 60-day credit period on oil sales, which means payment for cargoes loaded from end-August will be due in November.

Jun 15, 2018, 13:03 PM IST

Oil hits 3-1/2-year high after US quits Iran deal

Brent crude oil touched its highest since November 2014 at $77.20 a barrel.

May 09, 2018, 17:30 PM IST

Donald Trump to announce decision on Iran nuclear deal; we are prepared, says Tehran

The Iran deal, negotiated during the administration of Barack Obama, eased economic sanctions on Iran in exchange for Tehran limiting its nuclear program. 

May 08, 2018, 18:13 PM IST

MCX to launch options trading in crude oil on May 15

Significantly, this is India's first crude oil options contract and on its expiry, the open position will devolve into the respective underlying futures position.

May 08, 2018, 17:42 PM IST

China rebuffs US criticism of relations with oil-rich Venezuela

China`s support for Venezuela has benefited ordinary people and been broadly welcomed, the foreign ministry said on Monday after the U.S. Treasury accused China of aiding Venezuelan President Nicolas Maduro`s government with murky oil-for-loan investments. 

Feb 05, 2018, 16:36 PM IST

Brent oil hits $71 for 1st time since 2014 as dollar drops, US stocks decline

Analysts said that rising oil prices would likely start to have an inflationary effect.

Jan 25, 2018, 11:26 AM IST