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Russian crude makes up half of India's oil imports in June

New Delhi, June 22 -- India's imports of Russian crude are averaging 2.66 million barrels per day (mbpd) in June, up nearly 40% from May, lifting Moscow's share of the country's oil purchases to about... Read More


Russian crude makes up half of India's oil imports in June

New Delhi, June 22 -- India's imports of Russian crude are averaging 2.66 million barrels per day (mbpd) in June, up nearly 40% from May, lifting Moscow's share of the country's oil purchases to about... Read More


Russia supplies half of India's crude as imports jump in June

New Delhi, June 21 -- India's imports of Russian crude are averaging 2.66 million barrels per day (mbpd) in June, up nearly 40% from May, lifting Moscow's share of the country's oil purchases to about... Read More


Oil slides below $80 as US-Iran peace deal eases supply fears

New Delhi, June 19 -- Global oil prices continued to trade lower on Friday morning, with Brent slipping below the $80-per-barrel mark after Iran and the US signed a memorandum of understanding (MoU) a... Read More


With Iran-US peace deal in sight, IEA projects oil supply surplus in 2027

New Delhi, June 17 -- Global crude oil market is expected to tighten this year before supplies turn into a surplus in 2027, as the US and Iran move towards a peace deal in West Asia that could reopen ... Read More


Crude price fall may not last as nations rush to rebuild reserves

New Delhi, June 16 -- Global crude oil prices are unlikely to fall significantly from current levels and could even edge up modestly, despite the impending US-Iran peace deal, analysts and oil industr... Read More


Oil continues to trade subdued; market awaits peace deal details, reopening of Strait of Hormuz

New Delhi, June 16 -- Global crude oil prices continued to trade near three-month lows on Tuesday following the announcement of a peace agreement framework between the US and Iran, easing concerns ove... Read More


Government raises export duties on diesel, ATF

New Delhi, June 16 -- The Union finance ministry on Monday raised the export duties on diesel and jet fuel to Rs.14 per litre and Rs.12.5 per litre, from Rs.13.5 and Rs.9.5, respectively. The revised... Read More


US-Iran peace deal eases oil risk premium, supply risks persist

New Delhi, June 15 -- New Delhi: Oil markets fell sharply on Monday as traders unwound geopolitical risk premiums tied to the West Asia conflict, after reports of a US-Iran peace deal prompted expecta... Read More


Iran-US peace deal raises hopes of supply chain easing, slow recovery concerns persist

New Delhi, June 15 -- After multiple false starts towards peace, the US and Iran agreed to shake hands and end the West Asia war that has rocked the world for over 100 days, sending waves of relief ac... Read More