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Over 1/10 Of Crude Basket: A Look At Iran's Share In Indian Oil Imports At Its Peak
Iran's share in India's crude basket steadily increased through the second half of the last decade, peaking at more than one-tenth of the country's total oil imports.
Oil, AI and chips: The new resource race redrawing markets and nations
The leap to a $5 trillion valuation for Nvidia underscores a dramatic paradigm shift: semiconductors have become the driving force of global economic prowess, akin to oil in previous centuries. With nations such as Taiwan and South Korea emerging through powerhouses like TSMC and Samsung, the future prosperity relies heavily on mastering the semiconductor supply chain as AI technology evolves, reshaping national strength and financial stability.
Asian Markets Today: Kospi Rebounds, Nikkei Slips as Investors Assess Tech Recovery
South Korean shares recovered after the previous session's sell-off, while markets tracked oil prices and shipping activity through the Strait of Hormuz.
Hormuz shipping activity shows signs of recovery; Indian refiners shine amid disruption: S&P Global
Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far below pre-war levels. Indian refiners, however, are demonstrating remarkable resilience, successfully diversifying their crude oil sources to include Russian, Brazilian, West African, and US grades amidst ongoing global energy supply disruptions. Market watchers remain vigilant as geopolitical tensions continue to influence oil trade.
No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources
Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of LPG and crude from key Middle Eastern ports to India's west coast.
US Permits Iran To Sell Oil Under 60-Day Licence After Round 1 Of Talks
Treasury Secretary Scott Bessent says Tehran has committed to free navigation through the Strait of Hormuz and agreed to allow UN nuclear inspectors back into the country.
Top Gainers & Losers on June 22: Kirloskar Oil Engines, Delhivery, Gabriel India, Urban Company among top gainers
The Indian stock market closed with gains as US-Iran peace talks progressed, boosting pharmaceutical and technology stocks. The Nifty 50 rose 0.37% to 24,102, while the Sensex closed at 77,044, up 0.31%. Broader markets and various sector indices also recorded positive movements.
Quantum AMC's George Thomas on sectors to watch as crude prices ease
George Thomas, Fund Manager-Equity at Quantum AMC, which managed assets worth over ₹3,948.11 crore as of March 2026, believes lower crude prices could benefit oil marketing companies, gas utilities and businesses dependent on crude derivatives. However, he cautioned investors against relying on volatile earnings and advised focusing on normalised profit levels and valuations. Thomas said financials remain the fund's largest allocation, while IT stocks have become attractive from a valuation perspective despite near-term demand uncertainties.
Stocks to Watch Today: Rail Vikas Nigam, Power Mech Projects, Bharat Forge, Kirloskar Oil Engines, Garden... - Moneycontrol.com
Stocks to Watch Today: Rail Vikas Nigam, Power Mech Projects, Bharat Forge, Kirloskar Oil Engines, Garden...Moneycontrol.com
Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaul
Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reliance is committed to ensuring India's energy security by future-proofing its legacy business and building new growth engines.
Reliance AGM 2026: Jio IPO roadmap, AI vision and other key announcements from RIL's 49th AGM
Reliance AGM 2026 highlights: Mukesh Ambani-led oil-to-telecom conglomerate, Reliance Industries (RIL), held its 49th Annual General Meeting (AGM) on 19 June.
At the gates of Hormuz, 80 million barrels of oil are on standby
Large volumes of crude oil are waiting in the Persian Gulf and are ready to move through the Strait of Hormuz if shipping activity resumes following an interim US-Iran agreement aimed at restoring transit in the waterway.