Crude Oil
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Aaj Ki Baat: Full episode, March 24, 2026
India | March 24, 2026 20:07 ISTTrump claimed that the Iranian side contacted him to broker a truce in the Middle East, claiming they wanted to make a deal with the US. Tehran, however, refuted his claim.
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Aaj Ki Baat: Full episode, March 23, 2026
India | March 23, 2026 20:23 ISTTrump said on Monday that he has directed the American military to postpone targeting Tehran's power plants and energy infrastructure for next five days following the recent talks with the Iranian side in the past two days.
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Global crude prices plunge 14% after Trump halts strikes on Iran's power plants
Business | March 23, 2026 23:38 ISTEarlier in the day, US President Donald Trump announced that the American forces will halt strikes on Iran's energy infrastructure and power plants after positive talks between Tehran and Washington in the past two days.
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India says no bilateral talks with US on deployment of naval vessels in Gulf of Hormuz
India | March 16, 2026 19:55 ISTThe Indian ship, Shivalik, has successfully crossed the Strait of Hormuz and reached Mundra Port without any issues. Another vessel, Jag Laadki, which departed from the United Arab Emirates with a crude oil cargo, is on a safe course towards India and is expect to arrive at Mundra Port tomorrow.
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Middle East unrest: Shivalik reaches India; crude oil tanker Jag Laadki from UAE to arrive tomorrow
India | March 16, 2026 18:38 ISTThe ministry said the Jawaharlal Nehru Port (JLN Port) in Navi Mumbai is providing temporary storage facilities for cargo in view of the situation. To support cargo movement, the port has announced a 100 per cent waiver on storage charges for 15 days for cargo originating from the port.
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Trump takes steps to ease sanctions on Russian oil as crude prices surge during Iran war
World | March 13, 2026 7:42 ISTTrump signalled earlier this week that he would take further action to ease restrictions on sanctioned oil to help make for the loss of oil flowing on the market because of the effective closure of the Strait of Hormuz.
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Oil prices rise to $119.50 per barrel as Iran-Israel war threatens transport routes, production
World | March 10, 2026 7:18 ISTThe conflict, now in its second week, is ensnaring countries and infrastructure critical to the production and transportation of oil and gas worldwide. And there's no end in sight.
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Crude oil prices surpass $100 a barrel as Iran war impedes production and shipping
World | March 09, 2026 7:49 ISTThe last time US crude futures traded above $100 per barrel was June 30, 2022, when the price reached $105.76. For Brent, it was July 29, 2022, when the price hit $104 per barrel.
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'India never depended on any country's permission': Centre on US waiver on Russian oil purchase
India | March 07, 2026 17:31 ISTIndia also confirmed that it continues to import Russian oil, citing a temporary waiver granted by the United States due to the war in the Middle East. The Centre said New Delhi does not require permission from any country to make such purchases.
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US-Iran-Israel war: India holds 25 days of crude reserves, no fuel price hike planned, say sources
Business | March 03, 2026 16:46 ISTBrent crude price has reached near USD 80 per barrel and is expected to rise further as the Strait of Hormuz, one of the world’s most critical oil transit chokepoints, has been shut by Iran.
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Crude oil futures rise 9% as Saudi Aramco's Ras Tanura refinery shut down after drone strike
Business | March 02, 2026 13:37 ISTCrude oil futures soared 9 per cent to a lifetime high of Rs 6,700 per barrel after Saudi Aramco shut its Ras Tanura refinery due to a drone strike. Brent and WTI prices also climbed sharply amid Middle East tensions.
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India's Russia imports down 40% in January, crude oil hit hardest
India | February 18, 2026 11:07 ISTIndia’s merchandise imports from Russia have reportedly plunged by around 40 percent in January, mainly because Indian refiners drastically reduced their crude oil purchases.
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India to Build Its Own Oil Tanker Fleet, Aiming to Save USD 8 Billion in Charter Costs: Hardeep Puri
News | October 30, 2025 11:53 ISTAt India's Maritime Week in Mumbai, Petroleum Minister Hardeep Singh Puri announced plans for India to build its own fleet of oil tankers. The initiative aims to reduce dependence on foreign shipping and save USD 8 billion annually in charter costs, boosting India's energy and economic self-reliance
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Russia further slashes oil prices for India; discount now widens to USD 4 amid US tariffs
World | September 02, 2025 19:07 ISTThe US initially announced 25 per cent levies on India but later hiked them to 50 per cent, asserting that it was a penalty on New Delhi for fuelling the Ukraine war by buying oil from Russia.
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Israel-Iran tensions could pinch your pocket: These items may get costlier in India
Business | June 15, 2025 7:54 ISTRising tensions between Iran and Israel have triggered volatility across global stock markets, with investors reacting nervously to the heightened geopolitical uncertainty.
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US imposes sanctions on Chinese refinery for buying Iranian crude oil amid ongoing trade war
World | April 17, 2025 7:27 ISTThe Trump administration said that the sanctioned refinery in China's Shandong province received dozens of shipments of crude oil from Iran worth more than USD 1 billion. Officials also announced that several companies and vessels involved in the shipments were added to the sanctions list.
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India-Russia Relations: Union Minister Hardeep Singh Puri Says, "The Bond Is Beyond One Day"
News | April 16, 2025 13:22 ISTWhile speaking on the exploration and production of crude oil between India and Russia Union Minister for Petroleum and Natural Gas Hardeep Singh Puri stated that it is not a one-day affair. While addressing the press, he said, "If you look at exploration and production, it's not a one-day affair.
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Govt scraps windfall tax on petrol, diesel, jet fuel exports
Business | December 02, 2024 14:43 ISTThe decision to scrap windfall tax comes after nearly two months of deliberations. It will benefit the domestic producers that export the oil to other nations.
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Windfall tax on crude petroleum slashed to zero by govt, effective from September 18
Business | September 17, 2024 23:45 ISTThe Indian government has reduced the windfall tax on domestically produced crude oil to zero, effective September 18. Previously set at Rs 1,850 per metric ton, the cut comes amid a drop in global oil prices and could lead to lower petrol and diesel costs.
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Yemen's Houthi rebels attack two crude oil tankers in Red Sea, US says 'reckless acts of terrorism'
World | September 03, 2024 9:57 ISTThe Houthis took responsibility for attacking the Panama-flagged Blue Lagoon I, which was coming from Russia, but made no mention of the attack on Saudi-flagged MV Amjad. The attacks come as the US seeks to salvage the still-burning MV Delta Sounion attacked by Houthis earlier.
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