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Crude Oil Supply Diversification Gains Pace as India Reduces Gulf Reliance - Investing.com
Crude Oil Supply Diversification Gains Pace as India Reduces Gulf RelianceInvesting.com
A $19.50 oil premium: Saudi Arabia sets record crude price as Hormuz crisis rattles markets
Saudi Aramco has set a record premium for its crude oil sold to Asian buyers. This move comes as disruptions in the Strait of Hormuz impact global energy markets. Iran's actions have affected oil flows from the Persian Gulf. Global oil prices have seen a significant rise. Fuel prices are also surging across continents.
WTI Crude continues to trade at a premium to Brent as Trump deadline on Iran nears
After a weekend meeting, OPEC+ has warned that there will be a prolonged impact on oil supply even after the hostilities have ended. Members approved an increase in output quotas, even as exports from the Gulf remain restricted.
Indian Oil FY26 update: Record refining, pipeline throughput drive volume growth
Indian Oil Corporation reported record refining and pipeline throughput in FY26, with petroleum product sales crossing 104 MMT, supported by strong growth in lubricants, petrochemicals and retail expansion.
Oil And Gas Stocks To Buy: From MGL To IGL On Systematix List; Gulf Oil Among Top Picks — Check Target Prices
The brokerage notes thatrecent strike at energy facilities including, upstream and refining assets across the Gulf countriescould lead to a further spike in crude prices and disruption in supply volumes.
Asia buys most US oil in years as Iran war blocks Mideast flows
Asian nations are buying the most US oil in three years. This surge is driven by the Strait of Hormuz crisis disrupting Persian Gulf crude supplies. Buyers include Japan, South Korea, Taiwan, Singapore, and Thailand. This shift impacts global oil markets and shipping. The increased demand benefits US oil producers.
Crude oil surges above $119 amid Iran conflict, Gulf energy attacks raise supply fears
Crude prices surged past $119 a barrel as attacks on Gulf energy assets, including Qatar's LNG plants and Saudi Arabia's Yanbu refinery, intensified fears of prolonged market disruptions. Indian policymakers are preparing for a sustained supply crunch and higher energy prices, with refiners worried about absorbing rising costs amid government reluctance to approve retail fuel price hikes.
Oil Ends Choppy Day With Gains as Futures Ease From Day’s Highs
The benchmark price of oil ultimately ended the day higher as escalating attacks in the Persian Gulf caused long-term damage to major energy facilities. Natural gas jumped.
Europe, Japan ready to help stabilise energy prices and secure Strait of Hormuz
European nations and Japan pledged to stabilize energy markets and support efforts to secure the Gulf's oil chokepoint following escalating strikes on energy infrastructure. President Trump stated no additional US troops are planned for the Middle East, despite tensions with Japan over prior notification of strikes.
Strait of Hormuz tensions escalate as Iran targets regional energy infrastructure
In a dramatic turn of events, Iran has intensified its offensive against oil and gas installations across the Gulf, a direct response following an Israeli airstrike near the vital Strait of Hormuz. This escalating conflict places nearby shipping interests in jeopardy, with reported damage to vessels off both the UAE and Qatar.
GIFT Nifty Falls Nearly 3% After US Fed Rate Decision, Iran's Warning Of Attack On Gulf Oil Facilities
GIFT Nifty as of 1:32 a.m. was trading at 23,192.50, down 2.55% or 597 points, slipping near the 23,200 mark.
GIFT Nifty slides as Iran flags gas field strike, warns of Gulf oil attacks
GIFT Nifty fell 1% after Iran reported US-Israeli airstrikes on its gas field. Oil prices surged, Iran threatened strikes, and the Indian rupee hit a record low.