INDIAN CRUDE OIL PURCHASES
Why is stock market rising today? Sensex jumps 400 points, Nifty above 24,450. 4 key factors explained
Indian markets reversed early losses to trade higher, supported by a stronger rupee, continued FII buying and oil prices staying below $100 per barrel. Benchmark indices Sensex and Nifty gained around 0.5%, while broader markets also moved into positive territory led by PSU banks and midcap stocks.
Oil tankers transiting Strait of Hormuz since start of Iran war
Oil tankers from various nations are successfully passing through the Strait of Hormuz. These vessels are carrying vital oil and gas supplies to destinations across Asia and Europe. Despite ongoing tensions, maritime traffic continues to flow, ensuring global energy needs are met. This movement highlights the resilience of international trade routes.
Sensex, Nifty trade on choppy note as Iran-US war escalations spook investors. What lies ahead?
Indian stock markets opened higher but quickly turned negative. Rising tensions between Iran and the US impacted sentiment and increased oil prices. Major indices like Sensex and Nifty saw declines. Some banking and metal stocks faced losses. However, certain companies like Trent showed gains. The Indian Rupee strengthened against the US Dollar.
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.
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.
- Go To Page 1
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.
Indian refiner Reliance rejects Iran oil cargoes as waiver deadline looms
Reliance Industries has rejected two Iranian oil cargoes. This comes just before a U.S. waiver on Iranian oil exports expires. Washington will not renew these waivers. India had allowed Reliance to buy Iranian oil on several sanctioned tankers. Reliance stated the Derya tanker cargo did not meet compliance requirements. Indian Oil Corp recently bought Iranian crude.
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
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.
Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say
Indian refiners are making payments for Iranian oil using Chinese yuan. This is happening through ICICI Bank's Shanghai office. Indian Oil and Reliance have bought shipments under a temporary U.S. sanctions waiver. This payment method has not been previously reported. India has also used yuan for Russian oil. The U.S. waiver on Iranian oil is set to expire soon.
Rupee touches one-week high on report of RBI plan to ease oil refiners' dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.
Sensex rises over 150 points, Nifty above 24,200 amid rising Iran-US war peace hopes; broader markets outperform
Indian stock indices Sensex and Nifty edged higher, with mid and small-cap stocks outperforming. Sentiment remains fragile despite rising hopes of US-Iran peace talks and a ceasefire between Lebanon and Israel. Oil prices cooled down as de-escalation hopes eased pressure on India's import bill.
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.
India-China energy cooperation doesn't require warm relations, or lofty civilisational rhetoric
India and China face a new opportunity in energy markets. Past cooperation in Africa, despite challenges, shows potential. Both nations seek stable energy imports, bypassing geopolitical risks. This shared need can drive future joint ventures. New energy projects in Africa could form a strong foundation for collaboration. This pragmatic approach is vital for securing energy supplies.
Akshaya Tritiya 2026: Date, significance and best time to buy gold. Details here
Akshaya Tritiya 2026 falls on April 19, with the auspicious gold-buying muhurat beginning at 10:49 am. The day symbolises prosperity and new beginnings, making gold purchases significant. Analysts expect a positive outlook for bullion in 2026, supported by central bank buying, global uncertainties and favourable macro conditions.
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.
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.
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.
India gets first Iranian oil in 7 years, ship tracking data shows
Indian ports have received two large crude carriers loaded with Iranian oil. This marks the first purchase from Iran in seven years, enabled by a temporary US waiver. The waiver expires soon. Indian Oil Corp and Reliance Industries are among the refiners taking advantage of this opportunity.
India bonds trim losses as soft CPI spurs value buying
Indian government bonds trimmed most of their losses on Monday, as softer-than-expected inflation data drew in late-session buyers, tempering concerns over price pressures following oil's surge after the collapse of the U.S.-Iran peace talks.
Iran oil ships dock at key Indian ports even as Trump threatens blockade
Two supertankers carrying Iranian crude have arrived in India, marking the first deliveries in nearly seven years. These shipments, totaling approximately 4 million barrels, were made possible by a temporary US sanctions waiver aimed at easing global supply disruptions. The waiver expires soon, with a US blockade of Iranian ports now in effect.
Rupee plunges 49 paise to 93.32 against US dollar in early trade
The Indian Rupee weakened significantly against the US Dollar today. Higher crude oil prices and global geopolitical tensions are impacting the currency. Investors are withdrawing funds from domestic stock markets. This situation follows a recent drop in the Rupee's value. The US has announced a blockade of Iranian ports, further affecting oil prices and global trade.
Diesel export tax hike may align prices of state OMCs, private cos
A significant increase in diesel export tax is set to align prices for state-run oil companies and private fuel sellers. This move could end a prolonged dispute over domestic fuel supply agreements. State-run firms typically buy diesel from private refiners and some state-run ones.
A panicked race for barrels grips global oil market, price up as much as $140
Global oil markets are witnessing a severe physical crude shortage as Middle East disruptions trigger frantic buying and record premiums for immediate supplies. While futures prices ease on ceasefire hopes, physical markets spike, exposing supply gaps and forcing refiners worldwide to secure costly prompt barrels.
A panicked race for barrels grips the global oil market
A desperate scramble for immediately available oil supplies is occurring globally, with traders paying unprecedented prices for prompt cargoes. This physical market frenzy contrasts with futures, highlighting a significant crude shortfall as Middle East supplies are disrupted. Refiners may cut production, deepening shortages of vital products like diesel and jet fuel.
West Asia War: India permits Iranian oil tankers to berth for Reliance, sources say
West Asia War: India's shipping ministry has granted special permission for four vessels carrying Iranian oil to dock at Sikka port. This move comes after a temporary U.S. waiver on sanctions. Reliance Industries requested the special berthing for these vessels. The waiver is set to expire soon. This development allows India to potentially resume importing Iranian crude after a significant gap.
Load More
