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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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In A Surprise Announcement, Trump Asks China To 'Keep Buying Oil From Iran'
In a sudden twist in Washington's Iran policy, US President Donald Trump made an unexpected announcement shortly after declaring a ceasefire between Iran and Israel after nearly two weeks of air strikes and missile attacks.
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What War In Middle East Means For Global Oil Markets And What It Doesn't
The conventional wisdom used to be that war in the Middle East would send oil prices soaring. Not anymore.
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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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How Iran Threat On Strait Of Hormuz Could Affect Global, Indian Oil Supplies
Amid its escalating conflict with Israel, in which the US has also now taken part by bombing three key nuclear installations, Iran has warned that it may take the unprecedented step of closing the Strait of Hormuz.
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Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
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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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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.
-
In A Surprise Announcement, Trump Asks China To 'Keep Buying Oil From Iran'
In a sudden twist in Washington's Iran policy, US President Donald Trump made an unexpected announcement shortly after declaring a ceasefire between Iran and Israel after nearly two weeks of air strikes and missile attacks.
-
What War In Middle East Means For Global Oil Markets And What It Doesn't
The conventional wisdom used to be that war in the Middle East would send oil prices soaring. Not anymore.
-
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.
-
How Iran Threat On Strait Of Hormuz Could Affect Global, Indian Oil Supplies
Amid its escalating conflict with Israel, in which the US has also now taken part by bombing three key nuclear installations, Iran has warned that it may take the unprecedented step of closing the Strait of Hormuz.
-
Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
-
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.
