Iran Oil Loss

Oil prices reverse early losses and rise to over $105 a barrel on Monday in volatile trade as supply concerns continue from the Ukraine war and the lack of clarity on Iran oil, despite expected supply boost from the release of strategic reserves by the US and the International Energy Agency (IEA).

Prices had soared in response to the killing of an Iranian general in an American air strike last week and Iran's retaliatory attack on US forces in Iraq on Wednesday.

Domestic stock markets pared most of intraday losses in afternoon deals on Wednesday as oil prices surged after Iran fired missiles at American forces based in Iraq. The S&P BSE Sensex index dropped as much as 378.09 points to hit 40,491.38 on the downside in the first half of the session, and the broader NSE Nifty benchmark declined to as low as 1...

Domestic stock markets started Wednesday's session on a negative note tracking losses in Asian peers as oil prices surged after Iran fired missiles at American forces based in Iraq. The S&P BSE Sensex index dropped as much as 378.09 points to hit 40,491.38 on the downside, and the broader NSE Nifty benchmark declined to as low as 11,929.60, down 12...

The rupee moved lower against the US dollar on Monday as crude oil prices continued to rise amid supply concerns. The rupee started lower at 72.03 against the US currency in intraday trade on Thursday, and dropped to as low as 72.11 during the day before paring some of those losses by the end of the session. Rising crude oil prices as escalating te...

Here is a list of countries that could boost crude production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks on its Abqaiq and Khurais processing facilities lasts longer than initially expected. It's not a long list and much may not be accessible.

India is ready to deal with the impact of US sanctions against Iran and will get extra supplies from other oil producing countries to compensate for loss of Iranian oil, foreign ministry spokesman Raveesh Kumar said today.

The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions.

Indian stock markets started Wednesday's session on a weak note. Losses for domestic stock markets came a day after the US government pulled out of an international nuclear deal with Iran, raising the spectre of re-imposition of sanctions and sparking worries about global oil supplies. The BSE Sensex shed as much as 82 points to hit 35,134 in early...

OPEC pointed to a larger oil supply surplus on the market this year as lifting of sanctions on Iran helps boost its output, making up for outages within the group and losses in outside producers hurt by the collapse in prices.

Oil futures extended losses into a third session in Asian trade on Wednesday, as U.S. crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March.

Libya's crude production has partially recovered after it restarted output at the El Sharara field, while progress in nuclear talks between the major powers and Iran could soon ease sanctions that have curbed exports from the OPEC producer.

Brent crude oil fell in volatile trading on Friday, on track for its third straight weekly loss as diplomatic strides on Iran's nuclear program and Syria's chemical weapons drained geopolitical risk premium from the markets.

Brent crude oil prices fell to a nine-month low near $101 a barrel on Friday as a broad investor selloff in commodities triggered a fall as much as $3 a barrel, but the global oil benchmark pared losses in afternoon New York trade as bargain hunters emerged.

A plunge in oil exports from Iraq due to bad weather, a bomb attack on the convoy of its finance minister, escalating attacks in Syria and an exercise by Iran's navy in the strategic Strait of Hormuz have all revived supply fears. That has helped the market recoup some of the previous session's losses due to large shipments of European gasoline to ...

Oil prices reverse early losses and rise to over $105 a barrel on Monday in volatile trade as supply concerns continue from the Ukraine war and the lack of clarity on Iran oil, despite expected supply boost from the release of strategic reserves by the US and the International Energy Agency (IEA).

Prices had soared in response to the killing of an Iranian general in an American air strike last week and Iran's retaliatory attack on US forces in Iraq on Wednesday.

Domestic stock markets pared most of intraday losses in afternoon deals on Wednesday as oil prices surged after Iran fired missiles at American forces based in Iraq. The S&P BSE Sensex index dropped as much as 378.09 points to hit 40,491.38 on the downside in the first half of the session, and the broader NSE Nifty benchmark declined to as low as 1...

Domestic stock markets started Wednesday's session on a negative note tracking losses in Asian peers as oil prices surged after Iran fired missiles at American forces based in Iraq. The S&P BSE Sensex index dropped as much as 378.09 points to hit 40,491.38 on the downside, and the broader NSE Nifty benchmark declined to as low as 11,929.60, down 12...

The rupee moved lower against the US dollar on Monday as crude oil prices continued to rise amid supply concerns. The rupee started lower at 72.03 against the US currency in intraday trade on Thursday, and dropped to as low as 72.11 during the day before paring some of those losses by the end of the session. Rising crude oil prices as escalating te...

Here is a list of countries that could boost crude production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks on its Abqaiq and Khurais processing facilities lasts longer than initially expected. It's not a long list and much may not be accessible.

India is ready to deal with the impact of US sanctions against Iran and will get extra supplies from other oil producing countries to compensate for loss of Iranian oil, foreign ministry spokesman Raveesh Kumar said today.

The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions.

Indian stock markets started Wednesday's session on a weak note. Losses for domestic stock markets came a day after the US government pulled out of an international nuclear deal with Iran, raising the spectre of re-imposition of sanctions and sparking worries about global oil supplies. The BSE Sensex shed as much as 82 points to hit 35,134 in early...

OPEC pointed to a larger oil supply surplus on the market this year as lifting of sanctions on Iran helps boost its output, making up for outages within the group and losses in outside producers hurt by the collapse in prices.

Oil futures extended losses into a third session in Asian trade on Wednesday, as U.S. crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March.

Libya's crude production has partially recovered after it restarted output at the El Sharara field, while progress in nuclear talks between the major powers and Iran could soon ease sanctions that have curbed exports from the OPEC producer.

Brent crude oil fell in volatile trading on Friday, on track for its third straight weekly loss as diplomatic strides on Iran's nuclear program and Syria's chemical weapons drained geopolitical risk premium from the markets.

Brent crude oil prices fell to a nine-month low near $101 a barrel on Friday as a broad investor selloff in commodities triggered a fall as much as $3 a barrel, but the global oil benchmark pared losses in afternoon New York trade as bargain hunters emerged.

A plunge in oil exports from Iraq due to bad weather, a bomb attack on the convoy of its finance minister, escalating attacks in Syria and an exercise by Iran's navy in the strategic Strait of Hormuz have all revived supply fears. That has helped the market recoup some of the previous session's losses due to large shipments of European gasoline to ...