"crude-oil"

Gold traded largely flat while silver edged lower in early MCX trade on Monday as softer crude oil prices eased concerns over further US Federal Reserve rate hikes. Meanwhile, international gold and silver prices gained, supported by positive market sentiment and technical strength.

Global crude oil prices fell nearly one per cent after OPEC+ agreed to increase August production and exports through the Strait of Hormuz recovered. Improved supplies and easing geopolitical tensions boosted expectations of a better-balanced global oil market

Oil marketing companies incurred losses of Rs 74,781 crore by selling petrol, diesel and LPG below cost until June 30, Petroleum Minister Hardeep Singh Puri said. He indicated fuel price cuts could be considered if global crude oil prices remain low

Private fuel retailer Nayara Energy has cut petrol prices by ₹5 per litre and diesel by ₹3 per litre across India. The move, triggered by cooling global crude prices, has brought major relief to consumers and gig workers

Around 80 million barrels of crude oil await transit through the Strait of Hormuz as a tentative US-Iran peace deal restores shipping. Oil prices have eased, inflation may moderate, and new Iranian regulations now require advance permits, registration, and insurance for vessels

The Indian rupee appreciated for the third consecutive session, closing at 94.53 against the US dollar, supported by easing geopolitical tensions, falling crude oil prices, and softer dollar index. Equity inflows and positive global sentiment further strengthened the currency outlook

Global crude oil and LNG prices are expected to moderate as US-Iran peace prospects improve and shipping through the Strait of Hormuz potentially resumes. Analysts, however, warn that supply disruptions and infrastructure damage may keep energy markets volatile for months

Despite a ceasefire ending the Iran war and reopening the Strait of Hormuz, experts warn global oil and gasoline prices may remain elevated for months. Shipping delays, stranded tankers, production restarts, security concerns and supply chain disruptions will slow energy market recovery worldwide

A Bank of Baroda Research report warns of an 80 per cent probability of El Niño during June-August, raising concerns over food inflation. Despite healthy reservoir levels and adequate vegetable supplies, higher fuel costs and weather uncertainties could push inflation higher in FY27

Prime Minister Narendra Modi held talks with Venezuela’s Acting President/Vice President Delcy Rodriguez in New Delhi, focusing on energy, trade and investment cooperation. The visit comes as India increases Venezuelan crude imports to diversify supplies amid disruptions linked to the West Asia crisis

India halved windfall tax on petrol exports to ₹1.5/litre, cut diesel levy to ₹13.5/litre and ATF to ₹9.5/litre from June 1. Domestic duty unchanged; measures aim to ensure fuel availability amid crude above $100 and West Asia conflict

Global crude oil prices fell to six-week lows after reports of a possible extension of the Iran-US ceasefire and prospects of reopening the Strait of Hormuz. India said refineries have adequate crude stocks and fuel supplies remain stable despite regional uncertainties

Finance Minister Nirmala Sitharaman said the government sacrificed over Rs 1 lakh crore annually through fuel excise cuts to cushion consumers from inflation, while defending recent petrol and diesel price hikes as market-driven revisions caused by surging global crude oil prices amid the West Asia conflict

Nirmala Sitharaman said the West Asia crisis could raise fuel and shipping costs for common people and businesses as petrol and diesel prices rose again. She added the government sacrificed Rs 1 lakh crore in revenue through excise duty cuts

Gold and silver prices rose in Mumbai, supported by a weaker US dollar and falling crude oil. MCX gold held above ₹1,59,000 with resistance near ₹1,60,000, while silver surged past ₹2,76,000 amid geopolitical uncertainty and safe-haven demand

Equities surged on Monday as crude oil prices fell below $100, boosting investor sentiment amid hopes of a US-Iran peace deal. Sensex and Nifty gained over 1%, with autos leading, while Hindalco and select stocks declined modestly

Congress accused the Centre of burdening citizens with rising fuel prices while failing to pass on benefits of low crude oil costs. It claimed taxes remain high, import dependence has increased, and inflation is worsening transportation and essential commodity prices

Crude oil prices climbed sharply on Tuesday amid persistent West Asia tensions disrupting global energy supplies. On MCX, June crude futures touched a record Rs 10,044 per barrel before easing slightly. Rising global benchmarks and fresh investor buying supported the continued upward momentum in oil markets

Monaco-based FOWE Eco Solutions claims its water-based fuel emulsion technology can cut fuel use, emissions, and maintenance costs without engine modifications. Tested in ships, refineries, and steel plants, the system could help India reduce oil imports, save forex, and improve industrial energy efficiency

The Centre reduced royalty rates on offshore deepwater and ultra-deepwater oil production to boost exploration and ease industry costs amid global energy volatility. The revised framework lowers levies for initial production years while retaining existing rates for onland and shallow-water categories