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Crude Oil News

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Crude Oil Sees Biggest Weekly Drop in Months, What It Means for Fuel Prices in India

The price of Brent crude in the international market has reached 80.57 dollars per barrel. A week ago its price was above 87 dollars per barrel. ...
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Fuel Price Update: Crude Oil Slumps in Global Market, Check Today’s Petrol and Diesel Rates

After the agreement between America and Iran, the movement of ships through the Strait of Hormuz has started normalising, which has brought relief to the global oil market. ...
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Oil Supply Resumes Through the Strait of Hormuz, But Recovery Could Take Months

After the US-Iran peace agreement, the way was cleared for the opening of the Strait of Hormuz. This could have a major impact on oil supply, global trade and India's economy....
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Will Donald Trump’s Proposed Deal With Iran Help Avert a Global Oil Supply Crunch?

Oil and fuel reserves are depleting rapidly around the world. Energy experts are now eyeing the possible peace agreement between America and Iran. ...
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Petrol Diesel Price Today: Oil Market Slides, Here’s What You’ll Pay at the Pump

There was a big fall in crude oil in the international market on Friday. Brent crude fell 3.37% to Rs 87.33 a barrel – its lowest level in almost two months. ...

Petrol at Rs 115, Diesel Above Rs 104: Have Fuel Prices Increased Today? Check Latest Rates

There was no change in the prices of petrol and diesel on Saturday also. Oil companies have kept fuel prices stable for several consecutive days....
Neither Saudi Arabia, nor Russia! THIS country has taken the lead in selling crude oil to India

Neither Saudi Arabia, nor Russia! THIS country has taken the lead in selling crude oil to India

A major shake-up has occurred in the crude oil market. The list of countries supplying the most oil to India has suddenly undergo a major change....
As World Oil Stocks Fall Fast, How Many Days of Fuel Does India Have?

As World Oil Stocks Fall Fast, How Many Days of Fuel Does India Have?

Tension regarding oil has increased in the world. The International Energy Agency (IEA) has warned that global commercial oil stocks are depleting ver...
No More Russian Oil for India? Refineries' Concerns Mount as US waiver on sanctions approach expiry

No More Russian Oil for India? Refineries' Concerns Mount as US waiver on sanctions approach expiry

The waiver granted by the US regarding sanctions on Russian oil is set to expire on May 16. If the US does not extend this waiver beyond this weekend,...
Pakistan Faces Economic Pressure as Oil Prices Push Inflation Near 11%

Pakistan Faces Economic Pressure as Oil Prices Push Inflation Near 11%

Since the US-Iran conflict, oil prices have skyrocketed, and Pakistan, which meets 80 percent of its oil needs through imports, is in a tight spot....
Only 5-7 Days of Crude Oil Left: Pakistan Petroleum Minister Warns of Possible Lockdown

Only 5-7 Days of Crude Oil Left: Pakistan Petroleum Minister Warns of Possible Lockdown

The energy crisis in Pakistan seems to be deepening once again. According to official sources, the country's crude oil reserves have declined rapidly ...
US Extends Sanctions Waiver For One-Month Allowing India, Others To Buy Russian Oil

US Extends Sanctions Waiver For One-Month Allowing India, Others To Buy Russian Oil

US President Donald Trump's administration has further extended the temporary waiver on the purchase of Russian oil....
US Hormuz blockade: Will India's crude oil and LPG supply be hit?

US Hormuz blockade: Will India's crude oil and LPG supply be hit?

India imports crude oil and gas from other countries. Of that, LPG is primarily imported from Gulf countries. Since the war began, India has been able...
China’s Bold Move: Chinese Ship Crosses Strait of Hormuz, United States Fails to Block Route

China’s Bold Move: Chinese Ship Crosses Strait of Hormuz, United States Fails to Block Route

Amidst the ongoing ceasefire and tense atmosphere between Iran and America, the Strait of Hormuz has once again become a center of global concern....
Big Relief from Tehran: After 7 Years, Iranian Crude Arrives in India Amid Rising Gulf Tensions

Big Relief from Tehran: After 7 Years, Iranian Crude Arrives in India Amid Rising Gulf Tensions

Amidst the US-Israel-Iran tension, an important development has emerged for India on the energy front. The shipment of Iranian crude oil has finally a...

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