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Searched Tag: crude oil
Crude oil prices jump to $116 per barrel as Iran prepares for US invasion

Crude oil prices jump to $116 per barrel

March 30, 2026, 08:57 AM - 2 min read

Brent Crude, the global benchmark, settled at $116 per barrel — just three dollars below its all-time high of $119 recorded on March 19 when Iran had threatened to close the Strait of Hormuz.

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NSE to launch dated brent crude futures from April 13

March 29, 2026, 03:27 PM - 2 min read

NSE will launch Dated Brent crude oil futures from April 13, offering a hedging tool linked to global benchmarks, with contracts based on Platts assessments and settled in rupees.

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Oil stays above $112 as Iran war escalates with Houthi entry, driving global energy costs higher and rattling markets amid uncertainty over peace prospects.

Crude oil prices remain above $112 for second consecutive day

March 29, 2026, 11:03 AM - 2 min read

Trump’s contradictory tone regarding the Iran war has also affected global markets, including gold and silver prices.

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Congress targets PM Narendra Modi over rising oil and gas import dependence as govt reassures no fuel shortage amid panic buying fears.

Cong takes 'gas promise' jibe at PM over crude oil dependence

March 27, 2026, 10:13 AM - 2 min read

"Between 2014-15 and 2024-25, India's dependence on crude oil imports went up from 84% to 90%. Between 2014-15 and 2024-25, India's dependence on LPG imports went up from 46% to 62%," Ramesh said, adding that "all this when the mantra was supposed to be Atmanirbharta, or self-reliance.

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Crude oil prices set to stay above $100 per barrel amid Iran war

Crude oil prices set to stay above $100 per barrel amid Iran war

March 24, 2026, 10:02 AM - 2 min read

According to the latest trends and the intensifying war involving Iran and Lebanon, oil prices are expected to remain above $100 per barrel in the near term, causing economic uncertainty and putting additional strain on struggling economies in Asia.

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 Ministry of External Affairs, spokesperson, Randhir Jaiswal addressing a press conference. (File photo)

India sourcing LPG, crude from multiple markets: MEA

March 19, 2026, 06:29 PM - 3 min read

India taps global crude, LPG sources, including Russia, as West Asia tensions disrupt supply routes; govt says stocks adequate, refineries running full.

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The damage inside Golestan Palace in Tehran, Iran.

Iran’s cultural heritage in the crossfire

March 14, 2026, 06:04 PM - 5 min read

Airstrikes during the US–Israel conflict with Iran have damaged historic sites in Tehran and Isfahan, raising fears for the country’s centuries-old cultural heritage.

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Sensex tanks 1,400 pts, markets in freefall mode

March 13, 2026, 07:23 PM - 3 min read

Equity benchmark indices BSE Sensex and NSE Nifty 50 extended their losses for the third consecutive session on Friday, as surging crude oil prices heightened fears of inflation and economic instability amid escalating tensions in West Asia.

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Minister for Petroleum and Natural Gas Hardeep Singh Puri speaks in the Lok Sabha during the second part of Budget session of Parliament, in New Delhi on Thursday.

No fuel shortage despite Hormuz disruption, Puri tells LS

March 12, 2026, 05:57 PM - 4 min read

Oil minister Hardeep Puri told Lok Sabha there is no fuel shortage in India despite Strait of Hormuz disruption, citing diversified imports and higher LPG production.

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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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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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