Stay updated with the latest barrel-unit news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on barrel-unit topics.
Chennai: With the West Asia crisis impacting the fuel prices and availability, CPI inflation is expected to move up to 4.1 - 4.3 per cent in FY27, find rating agencies. The GDP growth could also ease to 6.5 per cent in FY27 from 7.5 per cent estimated for FY26. The ongoing conflict in West Asia has led to a surge in energy prices and impacted availability, which could lead to higher inflation, impacting consumer demand. The average CPI inflation is anticipated to more than double to 4.3% in FY ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The Indian rupee may come under further pressure in the coming months if the ongoing West Asia crisis continues, with the Reserve Bank of India (RBI) likely needing to remain flexible in its approach, according to a report by Yes Bank. The report stated that the rupee could weaken to 97.00-97.50 against the US dollar in the first half of FY27. Also Read | Pune Weather Update: IMD Predicts Heatwaves and Above-Normal Rainfall. "RBI will have to be op ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The stock markets closed on a strong footing on the first day of the new financial year FY27, with benchmark indices witnessing a broad-based rally across sectors, even as underlying geopolitical tensions continue to keep investors cautious. The Nifty 50 index closed at 22,679.40, gaining 348 points or 1.56 per cent, while the BSE Sensex ended at 73,134.63, up by 1,186 points or 1.84 per cent. Market participants remained optimistic during the sessi ...Read More >
(RTTNews) - India shares look set to open on an upbeat note on Wednesday after U.S. President Donald Trump said he would end the Iran war without reopening the Strait of Hormuz, especially as the conflict looked set to extend beyond his initial four-to-six-week timeline. Risk-on sentiment returned to global markets on optimism that the end of the war lead to a pullback by oil prices and ease inflation concerns. Indian stock markets were closed on Tuesday for Mahavir Jayanti. On Monday, benchma ...Read More >
(RTTNews) - India shares look set to open on an upbeat note on Wednesday after U.S. President Donald Trump said he would end the Iran war without reopening the Strait of Hormuz, especially as the conflict looked set to extend beyond his initial four-to-six-week timeline. Risk-on sentiment returned to global markets on optimism that the end of the war lead to a pullback by oil prices and ease inflation concerns. Indian stock markets were closed on Tuesday for Mahavir Jayanti. On Monday, benchma ...Read More >
New Delhi [India], April 1 (ANI): India should definitely look for a geographical diversification for gas to mitigate the risks posed by ongoing geopolitical tensions in the Middle East, according to Sandeep Jain, Former Executive Director (Gas) at Indian Oil Corporation Ltd. (IOCL). Speaking to ANI, Jain emphasized that India needs to consider all options, including "Russian-sanctioned LNG" that is currently available. He argued that the high cost of current imports could lead to "demand destr ...Read More >
Mumbai: India's equity indices ended FY26 with losses, their worst fiscal performance since the pandemic-hit FY20. The outlook for the FY27 hinges on the ebbing of the West Asia conflict, particularly through its impact on crude oil prices and the rupee, according to analysts. "A ceasefire in the near term could trigger a recovery, with Indian equities potentially revisiting previous highs," said Amit Khurana, head of institutional equities at Dolat Capital Market. "However, if the situation pe ...Read More >
Since the West Asia conflict started on February 28, the BSE benchmark has crashed 9,339.64 points or 11.48 per cent. Tracking the sharp fall in equities, the market capitalisation of BSE-listed companies fell by Rs 51,09,498.82 crore to Rs 4,12,41,172.45 crore (USD 4.36 trillion) this month. "The current bearish trend is largely externally driven rather than fundamentally broken. Elevated crude oil prices, geopolitical risks in the Middle East, and sustained FII selling have created a risk-of ...Read More >
New Delhi, March 31: The outlook for Indian markets in the next fiscal year remains structurally optimistic once geopolitical tensions subside and crude oil prices stabilise, analysts said, even as domestic equities ended FY26 on a bearish note, with Sensex plunging 7 per cent. In 2025-26, the BSE benchmark plunged 5,467.37 points, or 7 per cent, and the NSE Nifty dropped 1,187.95 points, or 5 per cent. The year was dominated by global macro uncertainty, persistent geopolitical tensions, eleva ...Read More >
New Delhi, March 31 (PTI): India's first Iranian crude oil cargo since 2019 may be headed towards a port in Gujarat, according to ship tracking data. Indian refiners have been looking to purchase a few cargoes of Iranian oil on water following the recent sanctions waiver by Washington. "The Indo-Iranian oil trade has flickered back to life. Following the US administration's decision to grant a 30-day window for Iranian oil "on the water" due to regional conflict, the vessel Ping Shun is now en ...Read More >
New Delhi, Mar 31: Dalal Street investors have lost a whopping Rs 51 lakh crore from their wealth since the West Asia conflict began late last month, with the BSE benchmark Sensex tumbling over 11 per cent during this time, as investors fled riskier assets due to the cascading effect of the war on crude oil prices and markets globally. Markets also faced the blow of foreign fund exodus from domestic equities. Sharp fall in Sensex and market capitalisation Since the West Asia conflict started o ...Read More >
New Delhi/Bengaluru -- Oil prices were little changed on Tuesday as investors weighed the possibility of US President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz, a key artery for global oil flows. Brent crude futures for May were up 18c, or 0.16%, to $112.96 a barrel at 4.38am GMT after dropping 1% earlier in the session. The May contract expires on Tuesday, while the more active June contract was at $107.10. US West Texas Intermedia ...Read More >
NEW DELHI, March 31 : Oil prices were little changed on Tuesday as investors weighed the possibility of U.S. President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz, a key artery for global oil flows. Brent crude futures for May were up 18 cents, or 0.16 per cent, to $112.96 per barrel at 0438 GMT after dropping 1 per cent earlier in the session. The May contract expires on Tuesday and the more active June contract was at $107.10. U.S. ...Read More >
NEW DELHI: Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08%, to $111.56 per barrel at 0210 GMT after rising 2% earlier in the session. The May contract expires on Tuesday and the more active June contract was at $105.76. U.S. West Texas Intermediate futures for May fell 98 cent ...Read More >
NEW DELHI, March 31 : Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08 per cent, to $111.56 per barrel at 0210 GMT after rising 2 per cent earlier in the session. The May contract expires on Tuesday and the more active June contract was at $105.76. U.S. West Texas Intermediate f ...Read More >
(RTTNews) - Indian stock markets remain closed today for Mahavir Jayanti. On Monday, benchmark indexes Sensex and Nifty both fell over 2 percent as Brent crude prices topped $115 a barrel on fears of more disruptions to shipping lanes, posing a significant risk to inflation, the current account and fiscal deficits. Both the indexes plummeted around 11 percent in March, marking their worst monthly loss since the COVID-19-led rout in March 2020. The Indian rupee hit a record low past 95 to the d ...Read More >
BENGALURU, March 31 : Oil prices rose for a fourth day on Tuesday, with Brent crude poised for its largest monthly gain on record and U.S. crude futures set for their strongest monthly increase since 2020, because of supply constraints from the widening Middle East war. Brent crude futures for May rose $2.26, or 2 per cent, to $115.04 a barrel at 0002 GMT, after reaching their highest since March 19 during the prior session. The May contract expires on Tuesday and the more active June contract ...Read More >
New Delhi: Global oil markets were jolted at the beginning of this week as Brent Crude Oil surged past $115 per barrel after fresh missile attacks by Yemen's Houthis widened the West Asian conflict. Brent's jump to $116 per barrel Monday reflects market fears over potential disruptions to critical oil supply routes and export hubs. Apart from the Houthis' entry into the war launched by the US-Israel coalition against Iran, the spike also comes after US President Donald Trump's comments that he ...Read More >
New Delhi (IANS): Global oil prices surged on Monday as escalating tensions in West Asia intensified following the Yemen-based, Iran-backed Houthi group's entry into the conflict. International benchmark Brent crude futures jumped as much as 3.66 percent to an intra-day high of $116.70 per barrel, approaching a new 52-week high. Similarly, U.S. benchmark West Texas Intermediate (WTI) climbed over 3 percent to surpass the $103 per barrel mark. Weekend missile launches by Houthi forces targeting ...Read More >
The shockwaves of a war being fought nearly 3,000km away are now reaching India's kitchens. As the US-Israeli strikes on Iran disrupt energy shipments through the Strait of Hormuz, supplies of liquefied petroleum gas (LPG) are tightening across India, forcing restaurants to cut menus, shorten hours and in some cases shut down altogether. Social media is awash with video clips showing queues outside cooking-gas dealers across Indian cities and towns as worries over fuel supplies spread. Commerc ...Read More >
A total of 24 Indian-flagged vessels with 677 Indian seafarers are currently located to the west of the Strait of Hormuz, while four vessels with 101 Indian seafarers are to the east of the crucial waterway, Rajesh Kumar Sinha, special secretary in the shipping ministry, told a briefing on developments in West Asia. Indians constitute almost 12% of the global seafaring workforce, with a total of more than 320,000 active sailors, and attacks on merchant vessels during recent conflicts in West As ...Read More >
Mumbai, March 12: The Liberian-flagged crude oil tanker Shenlong successfully docked at Mumbai Port on Wednesday, March 12, marking the first successful transit of an India-bound oil vessel through the Strait of Hormuz since the outbreak of full-scale hostilities between the US, Israel, and Iran. Carrying approximately 2 million barrels of Saudi Arabian crude, the vessel's arrival provides a critical reprieve for Indian refineries that have faced dwindling stocks and soaring procurement costs. ...Read More >
S&P Global Ratings warns that rising crude oil prices and potential government intervention could squeeze the profit margins of Indian oil marketing companies like IOC, BPCL, and HPCL, impacting consumers and the energy sector. Illustration: Uttam Ghosh Key Points * S&P Global Ratings predicts potential margin squeeze for Indian oil marketing companies due to rising crude oil prices. * Geopolitical tensions and the Strait of Hormuz closure contribute to crude oil price volatility, impacting ...Read More >
New Delhi, Mar 11 (PTI) India's state-owned oil marketing companies - Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited - are under pressure from rising global crude and gas prices, limited domestic fuel price pass-through, and dependence on imported energy, global rating agencies said. India imports 88 per cent of its crude and nearly half its natural gas, with 30-55 per cent of supplies passing through the Strait of Hormuz. Strat ...Read More >
Mumbai, Mar 11 (PTI) The rupee declined 16 paise to settle at 92.01 (provisional) against the US dollar on Wednesday, weighed down by a sharp rise in global crude oil prices and a stronger greenback as the war in West Asia raged on. FII outflows and weak sentiments in the domestic equity markets further pressured the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 91.92 against the US dollar and traded in the range of 91.85-92.06 before settling a ...Read More >
New Delhi, Mar 11 (UNI) The ongoing unrest in West Asia appears to be destabilising the global energy sector, raising concerns over disruptions in oil supplies through critical chokepoints such as the Strait of Hormuz and attacks on energy infrastructure. In the midst of the crisis, the Strait of Hormuz, often described as the world's most important oil transit chokepoint, has come under renewed focus due to its central role in global energy trade. According to estimates by the United Nations ...Read More >
New Delhi, Mar 11 (PTI) State-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) absorbing the impact of elevated global energy prices will lead to heightened margin and cash-flow volatility, Moody's Ratings said on Wednesday. "Domestic retail prices of fuels have remained largely steady since April 2022, despite swings in global oil and gas prices and the country's high dependence on imports," Moody's said i ...Read More >
Chennai: The escalating tensions in the Middle East saw a spurt in the prices of crude, natural gas, gold and silver on Monday. Analysts warn that prices could move further northwards if the tensions remain heightened. In the Multi Commodity Exchange, crude prices gained 8.5 per cent to Rs 6600 per barrel from the Friday closing level of Rs 6092. West Texas Intermediate (WTI) prices moved up 7.6 per cent on Monday, a day after Iran supreme leader Ayatollah Khamenei died in a US-Israeli strike. ...Read More >
Mumbai, Dec 16 (PTI) The rupee plunged 36 paise to breach the 91-mark against the US dollar for the first time in intra-day trade on Tuesday, weighed down by sustained FII outflows and a lack of clarity on the India-US trade deal. The rupee fell from 90 a dollar to 91 in the last 10 trading sessions. The local unit has slipped 1 per cent against the greenback in the past five sessions alone. At 11.45 am, the local unit was trading at 91.14 against the US dollar, down 36 paise from its previous ...Read More >
Mumbai, Nov 4 (PTI) The rupee recovered from the record low level and settled with a gain of 11 paise at 88.66 (provisional) against the US dollar on Tuesday boosted by falling crude oil prices overseas. Forex traders said a firm dollar, outflow of foreign funds and subdued domestic equity markets prevented a sharp gain in the Indian currency. At the interbank foreign exchange, the rupee opened at 88.55 and hit the intra-day high of 88.28 against the greenback. The unit also touched a low of 8 ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.