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Searched Tag: crude oil
Crude oil prices plunge after Trump signals Iran war nearing end

Crude oil prices plunge after Trump signals Iran war nearing end

March 10, 2026, 09:33 AM - 2 min read

The steep decline came after Trump, speaking late on Monday at his Miami golf course, stated that the United States was “achieving major strides towards completing our military objectives” and that “we are getting very close to achieving all of our objectives soon.”

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US President Donald Trump - file image.

Trump eyes lifting sanctions on oil producers

March 10, 2026, 09:08 AM - 2 min read

Speaking late on Monday at his Miami golf course, Trump said, "So, we have sanctions on some countries. We’re going to take those sanctions off until this straightens out.”

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Representational image.

India taps alternative oil sources as Iran crisis deepens

March 8, 2026, 03:15 PM - 4 min read

India has started securing crude oil from the US, Russia, and West Africa amid the West Asia conflict, maintaining inventories and processing rates to safeguard domestic fuel supplies.

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Crude oil hits $92.70, jumps 30 pc amid Mid-East war

Crude oil hits $92.70, jumps 30 pc amid Mid-East war

March 7, 2026, 11:13 AM - 2 min read

The ongoing conflict has fuelled uncertainty in global markets, driving crude oil prices up 8.5 per cent on Saturday alone and more than 30 per cent since the war began. 

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Indian crude stocks can cover 40-45 days’ demand

Indian crude stocks can cover 40-45 days’ demand

March 3, 2026, 07:41 PM - 4 min read

India holds nearly 100 million barrels of commercial crude oil inventories — stored in refinery tanks, underground strategic petroleum reserves and cargoes currently en route to the country — which could meet about 40–45 days of demand if supplies through the Strait of Hormuz are disrupted.

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A map displaying the Starit of Hormuz.

No immediate oil shock for India despite Hormuz closure

March 1, 2026, 02:43 PM - 3 min read

India faces no immediate disruption in oil or LPG supplies despite Strait of Hormuz closure; Russian crude and strategic reserves offer backup if tensions escalate.

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File photo of Ministry of External Affairs spokesperson Randhir Jaiswal.

India’s energy security for 1.4 bn people ‘supreme priority’: MEA

February 5, 2026, 08:48 PM - 2 min read

India on Thursday said ensuring energy security for its 1.4 billion people is its “supreme priority”, amid claims by US President Donald Trump that New Delhi would stop buying Russian crude. The MEA said sourcing decisions are driven by market conditions and national interest.

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Declaring a national emergency, Trump branded Cuba “an unusual and extraordinary threat” to US national security, saying the US has “zero tolerance for the communist regime”.

Trump threatens tariff on nations supplying oil to Cuba

January 30, 2026, 11:48 AM - 3 min read

Declaring a national emergency, Trump branded Cuba “an unusual and extraordinary threat” to US national security, saying the US has “zero tolerance for the communist regime”

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US President Donald Trump with Prime Minister Narendra Modi at the White House.

Trump reiterates India-Russia oil claim despite Delhi denial

October 18, 2025, 07:08 PM - 2 min read

Trump claims India will halt Russian oil imports to pressure Moscow, but New Delhi denies any discussions, highlighting tensions between energy policy and diplomacy.

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Russian ambassador to India Denis Alipov addresses a gathering.

Russia backs India’s right to buy oil, cites national interest

October 16, 2025, 03:03 PM - 4 min read

Russia reaffirmed that its energy ties with India align with New Delhi’s national interests, dismissing US President Donald Trump’s claim that India will halt Russian oil imports.

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Prime Minister Narendra Modi with Russian President Vladimir Putin during a bilateral meeting on the sidelines of the SCO Summit, in China.

Modi to Putin: India, Russia stood by each other in tough times

September 1, 2025, 01:47 PM - 2 min read

Modi also emphasised the urgent need to restore peace in the Russia-Ukraine conflict.

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US Treasury Secretary Scott Bessent (left), a representative image of an Indian oil refinery (centre) and industrialist Mukesh Ambani (right).

US hits Indian refiners, says richest families made excess profit

August 20, 2025, 05:31 PM - 4 min read

The US has accused Indian refiners of profiteering from discounted Russian crude and reselling refined fuels to Europe, warning of additional tariffs as New Delhi’s energy ties with Moscow deepen.

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