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Searched Tag: oil
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Oil prices rise over 2 pc amid dent to US-Iran peace hopes

August 11, 2026, 04:52 PM - 4 min read

The sharp rise in crude prices came after Trump said Iran should compensate the United States for damages he claimed Tehran had caused over the past five decades.

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RBI’s support limits rupee's decline despite oil price surge

August 2, 2026, 05:51 PM - 4 min read

Strong foreign capital inflows, a weaker US dollar, and timely intervention by the Reserve Bank of India (RBI) helped limit the depreciation of the Indian rupee in July, even as global crude oil prices surged by more than 20 per cent amid escalating geopolitical tensions in West Asia, according to a research report released by Bank of Baroda (BoB).

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Sustained oil prices may pressure Indian equity market

July 24, 2026, 02:47 PM - 5 min read

A prolonged surge in global crude oil prices could pose significant challenges for India's economy, equity markets and the rupee, while creating a mixed outlook across sectors, according to market experts.

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 Union Petroleum and Natural Gas Minister Hardeep Singh Puri.

Petrol, diesel price cut possible in future: Puri

July 2, 2026, 07:04 PM - 3 min read

The minister said that if lower international crude prices are sustained for the next two to three months, oil marketing companies would have greater flexibility to consider reducing petrol and diesel prices.

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State-run oil firms remain indispensable

June 28, 2026, 06:39 PM - 4 min read

India's state-run oil marketing companies (OMCs) have repeatedly demonstrated their strategic importance during national emergencies, ensuring uninterrupted fuel supplies even in the face of natural disasters, pandemics and global geopolitical crises.

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Sensex, Nifty rebound as oil prices ease

June 22, 2026, 04:18 PM - 3 min read

The 30-share BSE Sensex rose 291.17 points, or 0.38 per cent, to close at 77,094.07.

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ONGC is now a 'gas-and-oil' company

June 21, 2026, 07:24 PM - 5 min read

State-run Oil and Natural Gas Corporation (ONGC) is increasingly transforming into a natural gas-focused energy producer, and the company should now be viewed as a "gas-and-oil" firm rather than an "oil-and-gas" company, Chairman and CEO Arun Kumar Singh said while outlining the company's future growth strategy.

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Assam, Nagaland sign oil and gas exploration pact in border areas

June 11, 2026, 04:16 PM - 3 min read

Assam and Nagaland have signed an MoU to facilitate oil and natural gas exploration in hydrocarbon-rich border areas, a move expected to boost energy production, investment and regional cooperation.

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