GLOBAL OIL SUPPLY CONCERNS
US Iran war: UAE plans third crude oil pipeline to avoid Strait of Hormuz
The United Arab Emirates is planning to construct a third oil-export pipeline to minimize reliance on the Strait of Hormuz. This new pipeline would connect the western coast of the UAE to the port of Fujairah on the eastern side. Abu Dhabi National Oil Co. is considering this initiative to bolster its oil supply capabilities. The pipeline could also be utilized by third parties, increasing overall efficiency.
Glittering Prospects: Why Gold is the ultimate sweet spot this Dhanteras
Gold is trading over 20% below its peak ahead of Dhanteras, offering long-term investors a potential staggered buying opportunity. Central-bank demand, ETF inflows and rupee weakness could support prices, with analysts projecting returns of 15–20% by next Dhanteras.
Oil Price Today (November 4): Crude oil falls below $104 ahead of US midterm elections outcome. What are analysts saying?
Crude oil price : Oil prices experienced a slight dip on Wednesday as traders kept a close eye on the US midterm elections. Brent crude futures fell to $103.21 per barrel, with US WTI crude also seeing a decrease to $95.42. Despite an unexpected drop in US crude inventories, the unpredictable situation in the Middle East continues to influence market sentiments.
Gold firms on softer oil prices, US midterm results awaited
Gold prices experienced a modest uptick in early Asian markets, spurred by a decline in oil prices that has helped ease inflationary concerns. This shift is shaping investor expectations around potential actions from the Federal Reserve. Attention is also focused on the US midterm election outcomes, which could influence market volatility, while India's gold demand faces a projected six-year low amidst high prices affecting sales.
Indian oil refiners expect healthy margins amid global supply disruptions
A combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (ATF) cracks. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation and Hindustan Petroleum Corporation (HPCL) reported record refining performances in the September quarter (Q2) and expect the run to continue.
Rising crude prices could push India's inflation by upto 1 percentage point, diversified imports helping secure oil supplies: EY's Gaurav Moda
Gaurav Moda, Partner and Energy Industry Leader at EY India said the increase in crude oil prices from an average of $60-65 per barrel to $90-95 has significantly raised India's energy import costs, even as the country continues to prioritise securing supplies amid geopolitical uncertainties.
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Gulf Oil eyes market leadership in India, global expansion to drive next growth phase
Gulf Oil aims to surpass its rival and achieve the market leader status in India's lubricants sector. The company plans to invest approximately ₹55 crore to expand its manufacturing capacity significantly. Growth is expected from B2B, industrial, and infrastructure segments, alongside exploring new niches like data centre cooling.
India weighs new oil manoeuvre as old routes get jammed
The West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from being a procurement issue to being a test of economic resilience. That has compelled the govt to rethink how it sources, transports and stores the fuel that powers its economy.
No water to sow, no respite at the grocery store: India's prolonged food inflation worry
Indian farmers face challenges in sowing winter crops amid dwindling water supplies from a weak monsoon. Amarsingh Gushinge's village experiences a significant rainfall deficit, impacting crop planting decisions. Food inflation could worsen as key staples see rising prices, aggravating the economic strain on households. The Reserve Bank of India may respond with interest rate hikes to combat rising inflationary pressures.
IndiGo, Indian Oil and other crude-sensitive stocks rally up to 4% as oil dips below $105/bbl. Where are prices headed?
Crude-sensitive stocks such as IndiGo, BPCL, HPCL and Indian Oil rallied up to 4% as oil prices declined for a second consecutive session amid US-Iran peace talks. Upstream stocks ONGC and Oil India, however, fell up to 2%. Lower crude prices typically benefit downstream companies by easing input costs and supporting refining and marketing margins.
Oil Price Today (November 3): Crude oil rebounds to $105 as fresh attacks outweigh peace talks. What are experts saying?
Crude oil price : Oil prices experienced a slight increase following reports of a US strike on Iran's Qeshm Island. Concerns have risen regarding the potential escalation of the ongoing conflict in the Middle East. Goldman Sachs has revised its oil price forecasts upward, contemplating a possible future increase to $140 per barrel. Meanwhile, Tehran continues discussions with the US to seek peace despite ongoing military tensions.
Oil rises after report of US strike on Iran's Qeshm Island
Oil prices have surged in reaction to reports of a US strike on Iran's Qeshm Island, sparking fears of significant supply interruptions. Previous drops in prices on Monday have been overshadowed by this escalation, reinstating a risk premium in the market. Diplomatic negotiations between Iran and the US, facilitated by Qatar, ended without notable advancement, while looming midterm elections exacerbate tensions in the Middle East, affecting global oil costs.
Why are oil prices down today? Brent Crude futures drop by 5.9%. Here's the latest price
Oil prices have fallen by 5.9% due to diplomatic talks between Iranian and Qatari officials. The hopes of a deal to end the US-Israeli war against Iran have increased. Brent Crude futures have fallen by 5.9% to $106.76 per barrel after increasing in the earlier session. However, there was also some sentiment around the possible reopening of the Strait of Hormuz in the next two days.
Goldman Sachs raises oil price forecasts, warns Brent could hit $140 in 2027
Goldman Sachs raised its oil price forecasts amid mounting geopolitical risks and potential Gulf supply disruptions. The bank warned Brent crude could reach $140 per barrel in 2027 under a prolonged supply shock scenario. Shipping attacks, infrastructure damage and Middle East tensions could sustain elevated oil prices and market volatility.
Oil Price Today (November 2): Crude oil falls to $111 as Iran-Qatar talks continue to end war. What are experts saying?
Crude oil price : Oil prices have plummeted dramatically, impacting Brent and WTI crude significantly. As Iranian and Qatari officials engage in talks to mitigate tensions from the US-Israeli conflict regarding Iran, the situation is further aggravated by security threats and oil tanker assaults in the Strait of Hormuz. Experts warn of ongoing price instability post-US midterm elections, creating an unpredictable environment for global energy supply chains and market responses.
Iranian negotiators in Doha to continue talks to end the US-Iran war, official says
The talks come amid concerns that the conflict could escalate again after the November 3 US midterm elections. President Donald Trump has said the United States will not launch new attacks on Iran before the vote and that talks with Tehran have been productive, though he has not ruled out further military action thereafter.
Reliance Industries expands fuel exports to Africa, Europe as West Asia conflict disrupts supplies
Reliance Industries has redirected fuel exports to Africa, the Mediterranean and other European markets to capitalise on supply disruptions caused by the West Asia conflict, lifting its market share in these regions by about 50%. The strategy helped drive record quarterly earnings for its oil-to-chemicals business as global refining margins surged.
Global oil sanctions and chokepoints a means to hold prices hostage: Jaishankar
Addressing the G20 foreign ministers' meeting in Atlanta on Friday (US time), he said the world was facing an energy crisis driven not by a lack of production but by unpredictability, supply disruptions, unaffordable costs and difficulties in access.
Trump's oil portfolio up 43% amid Big Oil windfall, pain at the pump
Major oil companies, including ExxonMobil, Chevron, and Shell, reported higher earnings in the third quarter. This comes as the conflict in Iran leads to increased fuel prices for American consumers. Trump's investments in oil and gas stocks have significantly appreciated during this time. More than 94% of his oil stock purchases occurred after the conflict began. Rising fuel prices serve as a crucial issue ahead of the upcoming midterm elections.
Oil prices soar 14% in October to 6-month high as US weighs fresh Iran strikes after midterms. More pain ahead?
Brent crude rose 13.6% in October to settle at a six-month high of $117.64 a barrel, as fears of fresh US strikes on Iran and threats to shipping through the Strait of Hormuz fuelled supply concerns. Analysts warn of further volatility, with Goldman Sachs flagging a possible rise to $120.
Global Market: Japan's Nikkei falls 3% as AI spending concerns hit chip stocks; BOJ holds rates
Japanese shares fell sharply as concerns over the profitability of AI investments sparked a global technology sell-off. The Nikkei 225 dropped as much as 3%, led by steep losses in chip and AI-related stocks. Meanwhile, the Bank of Japan held its policy rate at 1.25% but signalled a hawkish stance, leaving the possibility of a future rate increase open.
Oil Price Today (October 30): Crude oil jumps to $118 as Trump weighs fresh attacks after midterm. What are experts saying?
Crude oil price : Oil prices rose on October 30 amid fears of a potential US military strike against Iran. Crude oil prices have reached a six-month high due to ongoing security risks in the Strait of Hormuz. Uncertainties surrounding the conflict's escalation have led analysts to predict further price increases. Attacks on oil infrastructure in Saudi Arabia are also contributing to market volatility.
Indian bonds track US Treasuries higher amid oil-price relief
Indian government bonds increased on Thursday due to support from a rally in Treasuries and lower oil prices. However, the upcoming large bond sale and a weak rupee limited the extent of the gains observed. The benchmark 6.94% 2036 bond yield fell slightly below the significant 7.40% level during early trading hours. Meanwhile, the Reserve Bank of India previously raised the repo rate amid ongoing inflation concerns.
Oil Price Today (October 28): Crude oil at $116 as Saudi Arabian refinery comes under attack $120 in sight?
Crude oil price : Oil prices have risen due to an attack on Saudi Arabia's largest oil refinery by Yemen's Houthis. Concerns regarding supply disruptions have intensified amid ongoing conflict in the Middle East. The missile strike and previous Houthi attacks on oil facilities have affected Saudi operations. Analysts project varying future trends for oil prices based on potential disruptions and geopolitical developments. The situation continues to evolve, impacting market expectations and production strategies.
Oil Price Today (October 27): Crude oil below $115 amid peace talk hopes but attacks continue. What are experts saying?
Crude oil price : Oil prices have experienced a decline as diplomatic discussions aimed at easing tensions have taken place. Brent crude futures fell while West Texas Intermediate crude saw a slight drop as well. Ongoing attacks by Iran-aligned groups hinder the prospects of regional stability and heightened concerns about supply disruptions. Analysts anticipate potential supply shocks, which could significantly influence future oil prices.
Oil eases on Middle East diplomacy hopes, Saudi attacks keep supply worries alive
Oil prices edged lower on Tuesday as diplomatic efforts to ease the US-Israeli war on Iran raised hopes of a resolution and eased supply concerns. However, Brent crude remained near six-month highs amid renewed attacks on Saudi Arabia and continued risks to shipping through the Strait of Hormuz, a key route for global energy supplies.
Global Market: Japan's Nikkei falls for third straight session as chip stocks slide
Japan's Nikkei share average slipped for a third straight session on Monday, primarily due to declines in chip-related stocks. The Nikkei 225 saw a decrease of 0.43%, contrasted by a 0.48% rise in the broader Topix index. Despite a surge in energy stocks driven by rising oil prices, concerns over global market fluctuations left investors wary.
Oil Price Today (October 26): Crude oil at $115, retreats from 6-month high despite lingering concerns. What are experts saying?
US crude futures declined $1.82, or 2%, to $101.48 a barrel, while Brent crude futures dropped $1.50, or 1.72%, to $115 a barrel. Both benchmarks had settled nearly $3 higher on Friday following Houthi attacks in Saudi Arabia that heightened concerns over energy supplies. Brent gained 6% over the week, while US West Texas Intermediate (WTI) rose 2.3%.
Oil slips from near six-months highs despite supply concerns
Oil prices took a dip on Monday after peaking at six-month highs due to rising supply concerns stemming from ongoing militant attacks. US crude futures tumbled sharply, with Brent crude following suit. The heightened fears arose from the recent Houthi attacks in Saudi Arabia, especially after a notable price spike last Friday.
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