Oil Prices
-
Oil prices ease after US-Iran military pause: What it means for inflation and the global economy?
World | Jul 27, 2026, 06:59 AM ISTOil prices dropped sharply after the US and Iran refrained from fresh attacks for a second day, easing fears of supply disruptions. However, concerns over inflation, interest rates and Middle East tensions continue to keep global markets on edge.
-
Trump announces to tap Strategic Petroleum Reserve as Middle East war sends gasoline prices soaring
World | Mar 12, 2026, 07:38 AM ISTAs the Iran war escalates, President Donald Trump has announced the release of oil from the US Strategic Petroleum Reserve and a coordinated global release of 400 million barrels to cool prices. He also claimed major US strikes on Iranian naval and mine-laying vessels.
-
Oil jumps to highest price since 2023 amid Iran war, weak US jobs data rattles Wall Street stocks
World | Mar 07, 2026, 06:05 AM ISTOil prices surged above $90 per barrel as the Iran conflict intensified, sending shockwaves across global financial markets. Weak U.S. jobs data added to investor anxiety, which also triggered Wall Street's worst week since October 2025.
-
Iran threatens to close Strait of Hormuz: Know significance and what it means for global oil prices
World | Jun 23, 2025, 12:07 AM ISTStrait of Hormuz, located between Iran and its Gulf Arab neighbours, stands as one of the most vital energy corridors. Approximately 20% of global oil and gas shipments-originating from major exporters like Saudi Arabia, Iraq, UAE, Qatar, Iran-pass through this narrow maritime passage each day.
-
'Bharat is only country where fuel prices over a representative period have come down': Hardeep Puri
India | Jun 17, 2024, 05:14 PM ISTUnion Petroleum and Natural Gas Minister Hardeep Singh Puri said that the Congress party issued oil bonds which was irresponsible and today they are compounding it with lies by saying that fuel price hike is someone else's fault.
-
Middle East on edge over Iran's possible retaliation against Israel: How it would impact oil prices?
Explainers | Apr 12, 2024, 05:31 PM ISTA suspected Israeli attack on Iran's embassy in Syria, killing 12, has dramatically raised the stakes in the Middle East as nations prepare for Iran's retaliation. This can result in an expansion of the war in the region and would have repercussions in the oil market, including India.
-
Sensex slides 359 points, closes at 70,700; Nifty dips 101 points to 21,352
Business | Jan 25, 2024, 04:49 PM ISTThe Indian stock market experienced a downturn as both Sensex and Nifty faced selling pressure in IT stocks and witnessed continuous foreign fund outflows. The benchmark BSE Sensex concluded at 70,700.67, marking a 0.51% decline with a substantial earlier drop of 741.27 points to 70,319.04.
-
Jaishankar Says India Deserves A 'Thank You' For Softening Oil Markets Amid Russia- Ukraine War
News | Nov 16, 2023, 12:53 PM ISTExternal affairs minister S Jaishankar asserted that India's strategic approach to oil purchases amid the Russia-Ukraine war has played a significant role in softening global oil and gas markets, consequently helping manage global inflation.
-
Pakistan announces biggest relief amid worst economic crisis, cuts petrol prices by Rs 40 per litre
World | Oct 16, 2023, 11:16 AM ISTAccording to reports, the petrol and high-speed diesel prices had increased by Rs58.43 and Rs55.83 per litre between August 15 and September 15 respectively in Pakistan, to a historic Rs331-333 per litre at the retail stage until September 30.
-
Sensex surges over 300 points to 65,822, Nifty reaches 19,596 in opening trade
Business | Oct 10, 2023, 10:00 AM ISTNifty Smallcap 250 led with a 0.82% gain, followed by Nifty Microcap 250, surging 1.06%. Notable performances included Nifty Smallcap 100 (0.79%), Nifty Midsmallcap 400 (0.74%), Nifty Midcap 100 (0.71%), and Nifty Smallcap 50 (0.65%).
-
Stock market opening update: Sensex gains 350 pts, Nifty near 19,550; PSBs lead
Business | Oct 05, 2023, 10:07 AM ISTAsian shares experienced a rebound from their 11-month lows on Thursday, benefitting from a decline in oil prices and softer-than-expected US labor data. These factors contributed to improved market sentiment across the region.
-
Oil prices jump as Russia, Saudi Arabia extend voluntary production cuts, will it impact India?
World | Sep 06, 2023, 01:41 PM ISTA series of production cuts over the past year has failed to substantially boost prices amid weakened demand from China and tighter monetary policy aimed at combating inflation. But with international travel back up to nearly pre-pandemic levels, the demand for oil likely will continue to rise.
-
Petrol, diesel prices in India will go down when... I Officials revealed all DETAILS
Business | Jun 08, 2023, 07:33 PM ISTOfficials said the three firms have been making positive margins on petrol since the fourth quarter of the 2022 calendar year but diesel, which accounts for the bulk of the fuel sales, had been in red.
-
Mother Dairy cuts price of Dhara edible oils by Rs 10 per litre | FULL DETAILS
Business | Jun 08, 2023, 06:58 PM ISTDhara edible oil price cut: "The maximum retail price (MRP) of all variants of Dhara edible oils is being reduced by Rs 10 per litre on account of the continued decline in edible oil prices internationally and better availability of domestic crops such as mustard," a company spokesperson said.
-
OPEC Plus will continue oil output cuts as prices remain unchanged
Business | Jun 05, 2023, 10:04 AM ISTIn April, Saudi Arabia, Russia, and other OPEC+ oil producers declared their intention to reduce production by 1.16 million barrels per day.
-
EU, G7 allies agree on price cap on Russian petroleum amid Ukraine war; Will it affect India?
World | Feb 04, 2023, 07:00 PM ISTAccording to the top EU official, two price levels have been set for Russian petroleum products: one for ”premium-to-crude” petroleum products, such as diesel, kerosene and gasoline, and the other for ”discount-to-crude” petroleum products.
-
Oil price rise in India is way 'below' global price hikes: Petroleum Minister Hardeep Singh Puri
World | Oct 08, 2022, 11:56 AM ISTOil price rise in India: Puri is scheduled to meet energy business leaders in Houston on Saturday.
-
Fuel price cut: Sitharaman explains math behind excise duty on basis of what is sharable with states
India | May 22, 2022, 08:03 PM ISTAmid the blame-game between the Centre and Opposition over the intention of reducing the fuel prices, Finance Minister Nirmala Sitharaman put some facts before the people saying criticism/appraisal can benefit from having them before us.
-
Petrol, diesel prices hiked for fifth time in six days. Check revised rates
Business | Mar 27, 2022, 06:59 AM ISTEnding of a four-and-half-month long hiatus, fuel rates were revised first on March 22 this year.
-
Will Afghanistan situation have bearing on global oil prices?
World | Aug 20, 2021, 10:36 PM ISTIf the turmoil is restricted within Afghan boundaries, the impact would be limited. But if Afghanistan continues to be on the boil, and boil violently, the oil-producing regions of the Middle East and Central Asia could get affected and, consequently, oil prices.