CRUDE
Is it time to abandon hope the Strait of Hormuz will open soon?
The closure of the Strait of Hormuz has thrown global oil markets into turmoil, deepening an energy crisis with far-reaching effects. Asia, a powerhouse in oil consumption, is experiencing a drastic downturn as crude and refined imports dwindle. The plummeting physical oil prices highlight an immediate supply crunch, compelling refineries to downsize their processing capacities, which threatens significant economic fallout.
Oil Price Today (April 20): Crude oil jumps 6%, nears $100 again despite ceasefire hopes. What’s happening?
Oil prices surged over 6% on Monday. Tensions flared around the Strait of Hormuz after the U.S. and Iran traded accusations of ship targeting. President Trump stated American forces seized an Iranian cargo ship. Iran responded by refusing further peace talks. The conflict has disrupted global oil flows. Experts predict continued price volatility and structurally higher prices.
14 India-bound ships trying to cross Strait of Hormuz stopped by Iran; 1 hit by bullets, 1 crosses
A convoy of 14 India-bound ships carrying crude oil, gas and fertilisers was intercepted in the Strait of Hormuz after the Iranian Revolutionary Guard Corps reportedly fired at two vessels, forcing most to turn back. While 13 ships were stopped or stranded, one Indian-flagged vessel carrying crude oil continued towards India amid rising tensions in the region.
Crude oil, copper, gold: The 3 commodities every beginner should track (and why they move!)
Crude oil, copper, and gold are essential for new traders to grasp global market movements. Crude oil reflects energy trends, copper signals economic growth, and gold acts as a safe haven during uncertainty. Understanding these commodities provides a strategic advantage for informed trading decisions. Their price movements impact inflation, stock markets, and everyday life.
US move on Russian oil waiver adds pressure as Iran war strains energy markets, India engaged in talks: Sources
India faces a tougher energy market as the US will not extend waivers for Russian oil imports. This decision impacts countries already struggling with the Hormuz crisis. Russia has assured India of continued energy supplies, including crude oil, LPG, and LNG. India's oil imports from Russia have significantly increased, making it a key market for Moscow.
GIFT Nifty jumps over 300 points after oil price crash. What to expect on Monday?
Indian markets are set for a strong opening as GIFT Nifty surged over 300 points tracking falling crude prices and easing tensions with support from Dow Jones Industrial Average strength and improving global risk sentiment
- Go To Page 1
Oil prices crash nearly 10% after Iran says Strait of Hormuz completely open during ceasefire
Oil prices plunged as Strait of Hormuz remained open during the US Iran ceasefire with Brent crude and West Texas Intermediate falling sharply amid easing tensions though volatility is expected to persist
First loaded Iranian oil tankers exit Gulf since US blockade: Kpler
Three Iranian oil tankers have successfully navigated the Strait of Hormuz, carrying five million barrels of crude. This marks the first such departure since a US blockade was imposed. The vessels, Deep Sea, Sonia I, and Diona, are under US sanctions. Their destinations remain unknown, but they have historically transferred oil near Singapore for onward shipment to China.
Asia relying on US crude to replace Middle East supply
Asian fuel makers are turning to US crude oil. This shift is driven by disruptions in Middle Eastern supply. Countries like Japan and South Korea are buying more American oil. This is impacting global oil flows. The situation threatens to cause fuel shortages. US oil exports are reaching record levels. This trend is expected to continue.
Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British wholesale gas rates continue to decline or rise again? Analysts insights and market outlook
Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British wholesale gas rates continue to decline or rise again? Oil and gas markets moved lower after ceasefire signals and possible US-Iran talks raised hopes of reduced conflict risk. Brent and WTI dropped while European gas also declined. Analysts say supply disruptions still support prices, while weather, wind power and geopolitics will guide the next move.
Oil Price Today (April 17): Crude oil prices fall on Israel-Lebanon ceasefire, Iran war peace talks. Is the worst over?
Oil prices dipped as Middle East tensions eased with a Lebanon-Israel ceasefire and potential US-Iran talks. President Trump indicated a deal with Iran was close, following a 10-day truce that removes a key obstacle to negotiations. Experts anticipate continued volatility but expect prices to remain supported.
India's crude imports down 21%; Russia tops, Iran gains
Iran supplied about 4 million barrels in April, or 7% of total imports, resuming shipments to India after seven years. However, a US naval blockade of Iranian ports, currently underway, could constrain further supplies this month.
Why are oil and gas prices up today, and will Brent, US WTI crude futures, Dutch and British gas rates continue to rise or drop again? Analysts insights, market outlook and what should investors do now
Why are oil and gas prices up today, and will Brent, US WTI crude futures, Dutch and British gas rates continue to rise or drop again? Energy markets reacted to Middle East conflict risks, Hormuz disruption, falling US inventories, and shifting gas supply signals. Analysts say prices may stay volatile as geopolitics, exports, storage levels, and investor positioning continue to drive global oil and gas trends.
India may get a crude hit from Trump's curbs on Russian & Iranian oil buying freedom
The United States has ended sanctions waivers that allowed countries, including India, to buy Russian and Iranian oil without penalties, a move that could tighten global supplies and pressure Indian refiners. US Treasury Secretary Scott Bessent confirmed the decision, saying the temporary licenses for Russian and Iranian crude would not be renewed.
Oil Price Today (April 16): Crude oil hovers below $95 amid Iran war peace talks. Where are prices headed?
Oil prices stayed below $95 as hopes of a US-Iran deal cooled supply concerns, with near-term direction hinging on progress in geopolitical talks and actual restoration of supply flows.
Gold price drops 0.7% to $4,807 today—should investors panic now as gold and silver prices risk a 10% crash with US-Iran deal still out of sight and crude oil threat rising?
Gold, silver rates crash fears intensify as prices already dropped sharply. Gold is down over 8%. Silver has plunged more than 16%. This comes during the US–Iran war. Crude oil now threatens to cross $120 per barrel. This is a critical trigger point. High oil pushes inflation higher. It keeps interest rates elevated. The Federal Reserve stays hawkish. The dollar strengthens further. That reduces bullion demand globally. If this trend continues, gold and silver rates crash risk remains high. Another 10% fall looks possible soon.
WPI inflation hits 38-month high of 3.9% in March as soaring energy, crude prices amid West Asia war drive up costs
India's wholesale inflation reached a 38-month peak of 3.9% in March. This surge was fueled by rising costs of crude oil, energy, and manufactured goods. Experts anticipate further increases due to ongoing global tensions. Supply disruptions also contributed to higher input prices across various sectors. Retail inflation also saw a slight uptick.
Decontrol oil prices and replace cross-subsidies with targeted DBTs for needy households
During recent global crude price volatility linked to West Asia tensions, retail fuel prices in India remained largely unchanged, unlike in other countries or even private retailers, raising questions about the credibility of “market-linked” pricing.
Why are oil and gas prices witnessing wild swings, and will Brent crude futures, US WTI crude, Dutch and British wholesale gas prices rise or fall again? Analysts insights, market outlook and what should investors do now
Why are oil and gas prices witnessing wild swings, and will Brent crude futures, US WTI crude, Dutch and British wholesale gas prices rise or fall again? Oil and gas markets are moving as traders track US-Iran talks, Strait of Hormuz closure, supply risk, and inventory data. Prices show mixed movement after sharp falls. Gas prices in Europe dropped slightly as risk premiums eased. Analysts say diplomacy and supply restrictions will decide the next price trend for crude and gas markets.
Iranian oil arrives in India just ahead of US waiver expiry
India has received Iranian oil shipments. This marks the first imports in seven years. The nation is securing volumes before a US grace period ends. Tankers are discharging crude on India's east and west coasts. This move aims to manage global energy flow disruptions. India is leveraging waivers for previously restricted oil.
Crude unlikely to return to pre-war levels soon; India's import bill may rise $70bn annually: Report
India's oil import bill is set to surge by over $70 billion annually as crude oil prices remain high due to the West Asia conflict. Shipping routes are critical and remain uncertain. Refineries are damaged, and rebuilding will take time. Freight and insurance costs have also increased. India will diversify import sources.
Oil Price Today (April 15): Crude oil below $95, falls for second consecutive day. What’s behind the decline?
Oil prices fell for a second day on hopes that renewed U.S.-Iran talks could ease Middle East supply disruptions after the Strait of Hormuz closure. Optimism grew after Donald Trump signaled negotiations may resume soon, raising expectations of a resolution that could restore crude flows.
India's Russian oil imports more than triple to 5.3 billion euro in March
India’s crude oil imports from Russia surged in March, with purchases tripling to €5.3 billion as volumes doubled and prices rose, according to Centre for Research on Energy and Clean Air. The spike followed a US sanctions waiver, prompting state refiners to resume buying. Russia remained India’s top supplier, while China led overall purchases. Asian markets continued to dominate Russian oil exports.
Ukraine strikes on Russian oil ports put India’s refining lifeline at risk, IEA warns
Ukraine’s drone strikes on key Russian oil ports — Primorsk, Ust-Luga and Novorossiysk — are threatening India’s crude supply chain, with the International Energy Agency warning of potential disruptions to refining operations. With about 80% of India’s Russian imports routed through these hubs, any prolonged outage could tighten feedstock availability, even as reliance on discounted Russian crude has surged and alternative supplies remain limited.
Why are oil and gas prices down today, and will Brent crude and US WTI crude futures continue to drop or rise again soon? Analysts insights, market outlook and what should investors do now
Why are oil and gas prices down today, and will Brent crude and US WTI crude futures continue to drop or rise again soon? Oil and gas markets moved lower after signals of possible US-Iran talks eased supply fears linked to the Strait of Hormuz blockade. Brent and WTI dropped after sharp gains. Analysts warn that lost oil supply, lower inventories, and uncertain negotiations may still push prices higher again soon.
Oil Price Today (April 14): Crude oil drops below $100 on renewed hopes for Iran-US peace talks. What lies ahead?
Oil prices retreated below $100 after fresh signs of US-Iran dialogue despite escalating tensions and a naval blockade. Markets remain volatile as supply disruptions persist and peace prospects stay uncertain. Analysts warn prices could stay elevated, with risks of further spikes if geopolitical tensions prolong and energy flows remain constrained.
Crude cargo traffic likely to get caught up in war logjam again
A US naval blockade of Iranian ports, following failed ceasefire talks, has increased uncertainty over energy cargo movements and the risk of stranded supplies. This escalation is expected to further squeeze global supply and drive oil prices higher, impacting India's significant crude and LPG imports from Iran.
Crude at $100: Packaging costs surge, supply chains reset
Crude oil prices have surged past the $100 mark per barrel, leading to a dramatic rise in the cost of packaging materials and creating uncertainty in supply chains. Businesses are now prioritizing ensuring availability over minimizing expenses, leading many to stockpile inventory to safeguard against disruptions.
Why is oil price up today, and will Brent crude futures and US West Texas Intermediate go above $102 or drop again? Analysts insights, market outlook and what should investors do now
Why is oil price up today, and will Brent crude futures and US West Texas Intermediate go above $102 or drop again? Oil crossed $100 after the United States announced a blockade on Iranian shipping. Middle East supply risks, rising inflation, higher dollar, and falling stocks pushed markets into risk-off mode. Investors now watch central bank rate decisions and geopolitical developments.
Load More
