CRUDE OIL PRICE INCREASE
India’s truckers brace for first diesel price hike in four years
In the backdrop of impending elections, truck fleet operators across India are seeing storm clouds on the horizon with expected fuel rationing and a steep rise in diesel prices. The flare-up in the Middle East is sending shockwaves through global oil supplies, forcing state refiners to reconsider their strategies amid rising inflation.
US Stock Market: Goldman sticks to oil forecast as demand weakness deepens
Goldman Sachs maintained its 2026 oil price forecasts despite shifting dynamics, as weaker global demand and easing supply disruptions offset key risks. While geopolitical tensions are receding, soft consumption trends and potential supply recovery are increasing downside risks, suggesting a cautious outlook for crude prices even as markets stabilise in the near term.
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.
Tehran says restrictions on Iranian oil come with a price
Iran's top official warned global fuel prices will remain unstable unless pressure on its oil exports ceases. He stated a free oil market is essential for everyone's security. Oil prices surged as tensions between Iran and the US disrupted tanker traffic in the Strait of Hormuz.
Bangladesh raises fuel prices as Iran war drives up costs
Bangladesh has made a tough choice to raise fuel prices by up to 15 percent, a direct response to rising crude oil costs and supply interruptions stemming from conflicts in the Middle East. This price hike affects petrol, diesel, and kerosene, reflecting the harsh realities of the global market.
US oil prices may cross $100 as Iran restricts Strait of Hormuz, surge odds hit 44%
Oil prices may rise again as Iran controls the Strait of Hormuz, a key oil route. Tensions with the US are increasing, and talks are still not clear. Markets are reacting fast to every update. If the situation gets worse, fuel prices could go higher soon, affecting transport, daily goods, and the global economy.
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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.
Coming soon: Price hike round 3 in four months for durables
Consumers face another price hike on electronics like ACs, TVs, and smartphones by end April. This marks the third increase in four months. Rising costs of plastics and memory chips are forcing brands to raise prices. Daily essentials like soaps and detergents are also becoming costlier. This trend impacts consumer demand significantly.
US extends waiver allowing India and other countries to buy Russian oil
The Donald Trump administration has issued a short-term waiver allowing countries to continue buying sanctioned Russian oil loaded on ships until May 16, aiming to stabilise global energy prices amid the US-Israeli war on Iran.
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
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.
Iran war: HUL hikes prices of Dove, Pears, Surf, Red Label
Hindustan Unilever Limited has increased prices for its soap products. This move is a response to escalating costs of raw materials and packaging. The price hikes, ranging from Re 1 to Rs 20, are being passed on to consumers. This development could potentially delay a much-needed revival in consumer demand. FMCG companies were hoping for a boost from GST cuts.
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.
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.
Virgin Australia flags higher fuel costs amid the Mideast conflict
Virgin Australia anticipates a significant increase in fuel costs, projecting an additional A$30 million to A$40 million for the latter half of fiscal 2026 due to Middle East conflict-driven price volatility. Despite this, the airline maintains its full-year financial outlook, expecting stronger second-half earnings and improved revenue per available seat kilometre.
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.
Oil prices fall for a second day on expectations US-Iran talks may resume
Oil prices dropped for a second day. Hopes for peace talks between the US and Iran are rising. This could lead to more oil supply. The Strait of Hormuz remains closed. US President Donald Trump mentioned potential talks in Pakistan. This has boosted optimism for resolving the conflict and reopening oil flows. Markets await US inventory data.
IEA: Global oil demand to decline in '26, a first since Covid
While oil futures registered an unprecedented surge in March, they remain considerably below record levels and the price of actual cargoes, trading at just under $100 a barrel in London. This "disconnect" between futures and physical markets is becoming "increasingly acute," according to the report.
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.
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.
What’s happening with Brent crude and African crude prices, and why physical oil hits $150 as Europe pays record premiums amid Strait of Hormuz disruption and global supply shock fears
Brent crude and WTI oil prices are under sharp focus as physical crude for Europe has surged near $150 a barrel, based on LSEG data. This gap between futures and real oil signals a live supply crunch. The Strait of Hormuz disruption has tightened global flows. Traders are scrambling for immediate cargoes. African crude prices are also hitting fresh highs. This shows replacement demand is rising fast. Fuel shortage risks are building across Europe and Asia. Inflation pressure is returning. Energy markets are turning volatile again.
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.
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