"crude-oil"

The rupee weakened by 4 paise to close at 96.57 against the US dollar as elevated crude oil prices and weak domestic equities weighed on sentiment. Traders said likely RBI intervention helped limit losses despite heightened geopolitical tensions in West Asia

Global crude oil prices jumped over 2 per cent after Iran-backed Houthi militants claimed attacks on two Saudi oil tankers in the Red Sea. The escalation heightened fears of supply disruptions, pushing Brent above $96 a barrel and raising inflation concerns for oil-importing countries

The Indian rupee fell 28 paise to settle at 96.53 against the US dollar on Wednesday, driven by soaring Brent crude prices above USD 94 per barrel, escalating Middle East geopolitical conflict, and heavy domestic equity sell-offs

The rupee weakened 14 paise to close at 96.44 against the US dollar on Monday, pressured by rising crude oil prices and global risk aversion amid US-Iran tensions. RBI intervention expectations and stronger forex reserves helped limit further depreciation

The rupee depreciated 48 paise to close at 96.16 against the US dollar, pressured by rising crude oil prices, geopolitical tensions and increased demand for the greenback, while higher imports and foreign fund outflows further weighed on the domestic currency

India's imports of Russian crude oil reached a record high in June, rising 34 per cent from May to EUR 4.5 billion, according to CREA. Despite higher export volumes, Russia's oil revenues declined due to lower global crude prices, the report said

India's Russian crude oil imports climbed 34 per cent to a record high in June, reaching EUR 4.5 billion despite lower Russian export revenues. The surge boosted supplies to major Indian refineries, reinforcing India as Russia's second-largest fossil fuel buyer

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