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May 12, 2026, 10:35 AM - 2 min read
Brent crude futures for July 2026 rose 0.75 per cent to trade at $105.14 per barrel, while US West Texas Intermediate (WTI) crude futures for June 2026 gained 0.93 per cent to $98.98 per barrel during early trade.
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May 10, 2026, 04:33 PM - 4 min read
OMCs are absorbing ₹1.6–1.7k crore daily losses to shield fuel prices, with under-recoveries crossing ₹1 lakh crore in 10 weeks.
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May 9, 2026, 09:26 AM - 2 min read
US energy services company Baker Hughes stated in its closely watched report that US energy enterprises increased the oil and natural gas rig count for the third consecutive week since February.
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May 8, 2026, 09:11 AM - 3 min read
WTI crude futures were trading at US$95.85 earlier in the session, up 1.10 per barrel, with prices moving within a day’s range of US$95.57 to US$98.02. Brent crude futures were quoted at US$101.42, despite showing some intraday volatility.
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May 7, 2026, 09:05 AM - 2 min read
Crude oil had dropped below $100 a barrel on Wednesday after climbing to a record high of $126 earlier this week for a brief period.
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May 4, 2026, 04:42 PM - 6 min read
Abu Dhabi is prioritising own production goals and strategic ties with US and Israel. This signals a broader Gulf realignment after the Iran war.
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May 3, 2026, 10:00 AM - 2 min read
"Pumping will soon collapse GASOLINE SHORTAGES IN IRAN NEXT!” he said. While Iran is facing severe difficulties, neighbouring countries, including the UAE, Bahrain, and Kuwait, are also feeling the impact.
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May 2, 2026, 09:44 AM - 2 min read
The diversification strategy, supported by long-term planning, has helped the country better manage the current energy challenges, including elevated crude prices, sanctions, and the closure of the Strait of Hormuz.
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May 1, 2026, 09:25 AM - 2 min read
Brent crude futures for July rose $1.19, or 1.08 per cent, to $111.59 a barrel by 0149 GMT, while West Texas Intermediate futures were up 39 cents, or 0.37 per cent, to $105.46 in early trade on Friday.
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April 30, 2026, 09:33 AM - 2 min read
Brent crude hits $120 as US-Iran tensions and Hormuz disruption fuel supply fears, raising risks of a global energy crisis and economic fallout
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April 28, 2026, 09:22 AM - 3 min read
Oil prices extended gains on Tuesday, with Brent heading back towards $110 a barrel, while stock markets struggled.
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April 26, 2026, 06:41 PM - 3 min read
The CIC has upheld denial of detailed Russia crude import data under RTI, citing strategic and economic interests, while directing the Petroleum Ministry’s PPAC to improve transparency disclosures.
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