oil Archives

Business

2 Min Read

FM warns banks about new AI risks, stating the latest model presents an 'unprecedented' danger.

onJune 15, 2026

Increasing insurance costs and war-risk coverage are driving up India’s oil import expenses, advises the Finance Minister.

Finance Minister Nirmala Sitharaman stated on Monday (June 15) that the rising prices of crude oil are not India’s only concern, as…

Business

3 Min Read

Russian Urals Oil Trades at Discount as Asian Demand Declines, Sources Report

Sid

onJune 14, 2026

India’s Russian Oil Imports Increase in May as Refiners Heighten Acquisitions

In May, India was the world’s second-largest importer of Russian fossil fuels, with an estimated 5.8 billion euros ($6.7 billion) worth…

World

1 Min Read

Rubio informs Jaishankar that the US will not accept breaches of the Iranian oil embargo in Hormuz.

Sid

onJune 13, 2026

Rubio informs Jaishankar that the US will not accept breaches of the Iranian oil embargo in Hormuz.

US Secretary of State Marco Rubio stated on Saturday (June 13) that any breach of the American blockade and unauthorized transport of Iranian…

Business

3 Min Read

Gulf Oil anticipates exceeding the growth rate of the lubricant sector in FY27.

Sid

onJune 12, 2026

Traders and Shippers Claim Gulf Oil Export Losses Are Much Lower Than Previously Estimated

Following the onset of the Iran war and Tehran’s declaration that the Strait of Hormuz was “closed,” the market has struggled to…

World

3 Min Read

11:11 | Trump claims he’s indifferent to the outcome of Iran negotiations, Blackstone makes a $13 billion investment in Asia, and additional updates.

Sid

onJune 11, 2026

US Stocks Surge as Oil Prices Decline Following Trump’s Decision to Abandon Iran Strike Threat

US stocks are climbing, and oil prices are declining on Thursday after President Donald Trump announced he has halted his threat to strike…

Business

2 Min Read

Sid

onJune 11, 2026

Gulf Oil anticipates exceeding the growth rate of the lubricant sector in FY27.

Ravi Chawla, Managing Director and CEO of Gulf Oil Lubricants India, stated that the company anticipates growing at two to three times the…

World

2 Min Read

Oil prices increase as Trump warns of possible new strikes on Iran.

Sid

onJune 10, 2026

Oil prices increase as Trump warns of possible new strikes on Iran.

Oil prices spiked on Wednesday, June 10, following a warning from US President Donald Trump about possible military actions against Iran. This…

Business

2 Min Read

Sid

onJune 9, 2026

Russian Urals Oil Trades at Discount as Asian Demand Declines, Sources Report

Russian Urals crude has shifted to a discount compared to dated Brent at Indian and Chinese ports, as declining demand from Asian refiners…

Business

2 Min Read

OPEC+ Nations Reach Consensus on Slight Production Increase as Iran Maintains Control Over Crucial Strait of Hormuz

Sid

onJune 8, 2026

OPEC+ Approves Fourth Increase in Oil Production Quota Since Hormuz Closure

OPEC+ reached an agreement on Sunday to implement a fourth increase in its oil output targets over the last four months, despite the ongoing…

Business

1 Min Read

Markets Anticipate MPC Decision as Inflation and Oil Price Worries Persist

Sid

onJune 5, 2026

Markets Anticipate MPC Decision as Inflation and Oil Price Worries Persist

RBI MPC meet June 2026 LIVE updates: Governor Sanjay Malhotra of the Reserve Bank of India will reveal the MPC decision on June 5, as markets…