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Explained: Why Closing Strait Of Hormuz Could Backfire On Iran
The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world's most important oil chokepoint in terms of the large volumes of crude that pass through it every day.
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Oil Prices Drop As Israel Agrees To Ceasefire Proposal
Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Brent was down 5.2 percent at $67.75 per barrel.
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Sensex Jumps 750 Points After Trump Announces Israel-Iran Ceasefire
Indian equities opened higher on Tuesday after US President Donald Trump announced a ceasefire agreement between Iran and Israel.
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U-Turning Oil Supertankers Cross Strait Of Hormuz After Avoiding It
Two supertankers, each capable of hauling about 2 million barrels of crude, headed through the Hormuz shipping strait at the mouth of the Persian gulf, having performed U-turns in the past 24 hours.
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Oil Prices Jump, Asian Markets Dip As Middle East Crisis Escalates
Asian markets plunged while oil prices briefly hit five-month highs on Monday as investors anxiously awaited Tehran's next move after the United States joined Israel in attacking Iran's nuclear facilities, escalating the Middle East crisis.
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After US Strikes, Iran Plans To Close Oil Corridor Strait Of Hormuz: Report
Iran is considering closing the key oil shipping route Strait of Hormuz after the US bombed three of its nuclear facilities, Iranian media reported today.
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Sanctions On Russia Won't Have Big Impact On Oil Prices: Indian Oil Chief
Any further sanctions against Russia will not have any impact on India's crude oil requirements and the global prices should remain stable in the $75-80 per barrel range, as all sanction fears have already been factored in, Indian Oil Chairman said.
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India's Russian Oil Imports Rise 11.7% In Sept From Aug, Data Shows
India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month.
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Oil Prices Rise More Than $1 Amid Escalating Tensions In Middle East
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
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Windfall Tax On Crude Petroleum Hiked To Rs 7,000 Per Tonne
The government on Monday hiked the windfall tax on domestically produced crude oil to Rs 7,000 per tonne, from Rs 6,000 per tonne.
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Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
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Iran Attack On Israel: Crude Oil Futures Decline On Low Demand
On the Multi Commodity Exchange, crude oil for April delivery fell Rs 113 or 1.57 per cent to Rs 7,074 per barrel with a business volume of 6,469 lots.
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Indian Refiners Buy More US Crude Amid Tighter Russia Sanctions
More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.
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5 Million Barrels Of Russian Sokol Oil Stuck En Route To India: Report
Almost five million barrels of Russia's Sokol grade crude has failed to reach Indian refiners over the past four weeks, Bloomberg News reported on Wednesday.
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Pakistan Making Efforts To Purchase Russian Oil At $50 Per Barrel: Report
Pakistan, which is currently grappling with high external debt and a weak local currency, is desperate to purchase cheap crude at discounted rates from Russia.
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Explained: Why Closing Strait Of Hormuz Could Backfire On Iran
The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world's most important oil chokepoint in terms of the large volumes of crude that pass through it every day.
-
Oil Prices Drop As Israel Agrees To Ceasefire Proposal
Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Brent was down 5.2 percent at $67.75 per barrel.
-
Sensex Jumps 750 Points After Trump Announces Israel-Iran Ceasefire
Indian equities opened higher on Tuesday after US President Donald Trump announced a ceasefire agreement between Iran and Israel.
-
U-Turning Oil Supertankers Cross Strait Of Hormuz After Avoiding It
Two supertankers, each capable of hauling about 2 million barrels of crude, headed through the Hormuz shipping strait at the mouth of the Persian gulf, having performed U-turns in the past 24 hours.
-
Oil Prices Jump, Asian Markets Dip As Middle East Crisis Escalates
Asian markets plunged while oil prices briefly hit five-month highs on Monday as investors anxiously awaited Tehran's next move after the United States joined Israel in attacking Iran's nuclear facilities, escalating the Middle East crisis.
-
After US Strikes, Iran Plans To Close Oil Corridor Strait Of Hormuz: Report
Iran is considering closing the key oil shipping route Strait of Hormuz after the US bombed three of its nuclear facilities, Iranian media reported today.
-
Sanctions On Russia Won't Have Big Impact On Oil Prices: Indian Oil Chief
Any further sanctions against Russia will not have any impact on India's crude oil requirements and the global prices should remain stable in the $75-80 per barrel range, as all sanction fears have already been factored in, Indian Oil Chairman said.
-
India's Russian Oil Imports Rise 11.7% In Sept From Aug, Data Shows
India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month.
-
Oil Prices Rise More Than $1 Amid Escalating Tensions In Middle East
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
-
Windfall Tax On Crude Petroleum Hiked To Rs 7,000 Per Tonne
The government on Monday hiked the windfall tax on domestically produced crude oil to Rs 7,000 per tonne, from Rs 6,000 per tonne.
-
Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
-
Iran Attack On Israel: Crude Oil Futures Decline On Low Demand
On the Multi Commodity Exchange, crude oil for April delivery fell Rs 113 or 1.57 per cent to Rs 7,074 per barrel with a business volume of 6,469 lots.
-
Indian Refiners Buy More US Crude Amid Tighter Russia Sanctions
More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.
-
5 Million Barrels Of Russian Sokol Oil Stuck En Route To India: Report
Almost five million barrels of Russia's Sokol grade crude has failed to reach Indian refiners over the past four weeks, Bloomberg News reported on Wednesday.
-
Pakistan Making Efforts To Purchase Russian Oil At $50 Per Barrel: Report
Pakistan, which is currently grappling with high external debt and a weak local currency, is desperate to purchase cheap crude at discounted rates from Russia.
