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Big Reserves, Cheap Extraction: Why Iran Unrest Trigger Oil Price Swings
Political instability in Iran, a major oil producer, together with US President Donald Trump's recent threats against the country have reignited fears of disruptions to crude supplies, sparking price volatility on global markets.
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"Russian Oil Important For Indian Economy": Moscow On Trump's Claims
Russia has responded to Trump's claim - that India will stop buying discounted crude oil from Moscow, purchases he has grumbled over loudly as 'supporting' Moscow's war on Ukraine - with a mention of 'trustworthy dialogue over oil and gas'.
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No Sanctions On Purchasing Crude Oil From Russia: Hardeep Puri
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said that there are no sanctions on the purchase of Russian crude oil, and the world will face serious consequences if the supplies are disrupted.
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China In "Opportunistic" Move, Pounces On Cheap Russian Oil, As Indian Demand Dips
Chinese refineries have ramped up their crude oil purchases from Russia as demand from India has weakened. Trump has threatened to impose secondary tariffs on goods from countries importing Russian oil in to pressure Moscow to end the war in Ukraine.
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Russia Offers 5% Discount On Oil To India Amid Trump Tariff Tensions
Russia will continue to supply oil to India, now at a 5 percent discount, despite the pressure and sanctions on the latter from the US. Meanwhile the US has accused India of funding the war in Ukraine by purchasing Russian oil.
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Russian Envoy's "Sabka Hardik Swagat" Greeting Leaves Reporters Surprised
In what was a pleasant surprise, Roman Babushkin, the Deputy Chief of Mission at the Russian Embassy in India, welcomed attendees at his press conference in Hindi.
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How Much Will India's Fuel Bill Rise If It Stops Russian Oil Imports?
India's crude oil import bill could increase by USD 9 billion this financial year and USD 12 billion in the next, if the country stops buying Russian crude oil amid Washington's latest action against New Delhi over the purchases.
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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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Will Iran-Israel Conflict Hit India's Oil Supply? Delhi Keeping Watch, Say Sources
India is closely reviewing the Iran-Israel conflict to assess the impact on crude oil and gas supply, sources have said.
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How Israel-Iran Conflict May Affect Oil Prices In India
Israel's surprise airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring amid concerns that supplies from the critical West Asia region would be disrupted.
-
Oil Prices Surge Amid Fears of Iran-Israel Escalation
Oil prices risk rocketing further should crude supplies become disrupted from a widening Middle East conflict after Israel struck military and nuclear facilities in Iran, analysts said Friday.
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China, India Refiners Scour The World For Oil Amid US Sanctions On Russia
Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.
-
Oil Prices Rise Amid Escalating Middle East Tensions
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
-
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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New US Sanctions May Threaten Russian Oil Sales To India: Report
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter sa
-
Big Reserves, Cheap Extraction: Why Iran Unrest Trigger Oil Price Swings
Political instability in Iran, a major oil producer, together with US President Donald Trump's recent threats against the country have reignited fears of disruptions to crude supplies, sparking price volatility on global markets.
-
"Russian Oil Important For Indian Economy": Moscow On Trump's Claims
Russia has responded to Trump's claim - that India will stop buying discounted crude oil from Moscow, purchases he has grumbled over loudly as 'supporting' Moscow's war on Ukraine - with a mention of 'trustworthy dialogue over oil and gas'.
-
No Sanctions On Purchasing Crude Oil From Russia: Hardeep Puri
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said that there are no sanctions on the purchase of Russian crude oil, and the world will face serious consequences if the supplies are disrupted.
-
China In "Opportunistic" Move, Pounces On Cheap Russian Oil, As Indian Demand Dips
Chinese refineries have ramped up their crude oil purchases from Russia as demand from India has weakened. Trump has threatened to impose secondary tariffs on goods from countries importing Russian oil in to pressure Moscow to end the war in Ukraine.
-
Russia Offers 5% Discount On Oil To India Amid Trump Tariff Tensions
Russia will continue to supply oil to India, now at a 5 percent discount, despite the pressure and sanctions on the latter from the US. Meanwhile the US has accused India of funding the war in Ukraine by purchasing Russian oil.
-
Russian Envoy's "Sabka Hardik Swagat" Greeting Leaves Reporters Surprised
In what was a pleasant surprise, Roman Babushkin, the Deputy Chief of Mission at the Russian Embassy in India, welcomed attendees at his press conference in Hindi.
-
How Much Will India's Fuel Bill Rise If It Stops Russian Oil Imports?
India's crude oil import bill could increase by USD 9 billion this financial year and USD 12 billion in the next, if the country stops buying Russian crude oil amid Washington's latest action against New Delhi over the purchases.
-
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.
-
Will Iran-Israel Conflict Hit India's Oil Supply? Delhi Keeping Watch, Say Sources
India is closely reviewing the Iran-Israel conflict to assess the impact on crude oil and gas supply, sources have said.
-
How Israel-Iran Conflict May Affect Oil Prices In India
Israel's surprise airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring amid concerns that supplies from the critical West Asia region would be disrupted.
-
Oil Prices Surge Amid Fears of Iran-Israel Escalation
Oil prices risk rocketing further should crude supplies become disrupted from a widening Middle East conflict after Israel struck military and nuclear facilities in Iran, analysts said Friday.
-
China, India Refiners Scour The World For Oil Amid US Sanctions On Russia
Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.
-
Oil Prices Rise Amid Escalating Middle East Tensions
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
-
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.
-
New US Sanctions May Threaten Russian Oil Sales To India: Report
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter sa
