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Indian state oil refiners eye modest fuel price hike as losses mount
Indian state refiners anticipate a small rise in fuel prices soon. This move aims to balance losses from the ongoing Persian Gulf war and consumer needs. Diesel and gasoline prices may increase by about 5 rupees per liter. This adjustment is necessary to offset significant daily losses.
Oil Spill Likely Near Iran's Export Hub Kharg, Satellite Images Suggests
Satellite imagery indicates a suspected oil spill near Iran's vital Kharg Island export terminal in the Persian Gulf.
Stocks fall, oil rises on Hormuz tension flare-up
Equities dropped from all-time highs, and Brent crude jumped 5% to around $114, with the US and Iran exchanging fire in the Persian Gulf amid a flare-up of violence that also drew in the United Arab Emirates.
US Is Oil Supplier Of Last Resort As Hormuz Disruptions Worsen
Traders say US exports are beginning to test practical limits, with infrastructure and shipping constraints capping how much crude can consistently leave the US Gulf
OPEC+ set to approve third supply increase since Hormuz disruption, sources say
OPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of Hormuz closure severely limits exports from key members. This disruption has already sent oil prices soaring. Analysts warn of jet fuel shortages and rising global inflation.
Brent crude nears $110 a barrel as US weighs Iran proposal, Goldman raises forecast
Goldman Sachs now expects oil prices to average around $90 a barrel in the fourth quarter of the current financial year, higher than its previous forecast of $80. The firm now sees Gulf exports normalizing only by end-June from mid-May earlier.
Iran tankers laden with crude go dark to sail past US blockade
At least two Iranian oil tankers — Hero II and Hedy — have bypassed the Persian Gulf blockade and entered the Arabian Sea, part of a wider fleet that has moved about 9 million barrels of crude despite US restrictions. Data shows dozens of Iran-linked vessels continue to pass through the Strait of Hormuz, often switching off tracking systems to evade detection.
US-sanctioned Chinese tanker turns back to Strait of Hormuz, day after Gulf exit
The sanctioned tanker Rich Starry returned to the Strait of Hormuz after failing to breach a U.S. blockade on Iranian-linked vessels. U.S. forces say no ships passed in the first 24 hours, with several turning back, as disruptions deepen uncertainty for global shipping, oil markets, and insurers.
Jittery premarket: Dow slides over 500 pts as US-Iran talks collapse, Hormuz blockade looms
Trump orders naval blockade of Strait of Hormuz after US Iran talks collapse, Wall Street futures fall, oil jumps above 100 dollars, Iran threatens Persian Gulf ports
Government pushes faster PNG rollout amid Gulf crisis
India is pushing for more piped gas connections. Oil Secretary Neeraj Mittal has asked city gas companies to speed up adding household connections. This comes as the government eases rules for infrastructure. The move aims to reduce reliance on imported fuel. Recent global events highlighted vulnerabilities in current supply chains.
Occidental stock gains on oil discovery in Gulf of America By Investing.com - Investing.com India
Occidental stock gains on oil discovery in Gulf of America By Investing.comInvesting.com India
Gold, silver retreat: How oil, dollar and geopolitics are shaping prices
COMEX gold and silver fall amid West Asia tensions despite US Iran ceasefire, oil prices rise on Gulf supply risks, experts advise cautious staggered buying.