Tag: crude oil prices

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Posted in Economy

West Asian crisis: India braces for market impact; growth momentum on track

New Delhi: India is bracing to contain the impact of an expected sharp volatility in the global markets in the short term, senior government officials…

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Prime Minister Narendra Modi. As of January, the Middle East accounted for 55% of India’s crude oil imports, or roughly 2.74 million barrels per day.
Posted in Business

Crude shock for India as New Delhi emerges most vulnerable to Iran war| Business News

The Iran war has exposed a structural weakness in India’s economic engine—a precarious lack of oil buffers. As Israeli and US strikes on Iran effectively…

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An Indian Oil fuel station in Baghola, Haryana, India has since kept Russian oil purchases to a minimum to score a trade deal with the US. (Reuters)
Posted in Business

Indian Oil-led refiners eye Russian crude oil again as Iran war chokes Strait of Hormuz| Business News

India’s state-run refiners led by Indian Oil Corp. Ltd. met government officials over the weekend to hammer out contingency plans as an escalating Iran war…

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A 40% surge in Corona Remedies' share price gave the company a market capitalisation of nearly  ₹9,000 crore. (HT)
Posted in Business

Sensex down 2,743 points, Nifty 50 well below 25,000 as Iran war ignites stock market| Business News

Dalal Street in Mumbai was engulfed in panic on Monday as India’s benchmark indices Sensex and Nifty 50 cratered at the opening bell, with investors…

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The National Stock Exchange building in Bandra Kurla Complex, Mumbai.
Posted in Business

Sensex down 1,000 points, Nifty 50 slips below 25,000 as Iran war rages| Business News

Updated on: Mar 02, 2026 9:28:55 AM IST The National Stock Exchange building in Bandra Kurla Complex, Mumbai. India’s stock market is bracing for a…

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Traders reckon that the Reserve Bank of India will likely step in to avert a sharp slide in the rupee against the US dollar. (PTI)
Posted in Business

Rupee to fall past 91/dollar as Iran war puts crude oil on the boil| Business News

The rupee is expected to fall past the 91 per dollar mark on Monday after the US and Israel bombed Iran over the weekend, risking…

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Demonstrators set fire on an Israeli and a US flag during a protest against Israel and the US strikes on Iran, following the killing of Iran’s Supreme Leader Ayatollah Ali Khamenei, outside the Israeli consulate in Istanbul, Turkey, on Sunday, 1 March 2026. (Reuters)
Posted in Business

Crude oil prices jump 10% on Iran war, spike to $100/barrel seems certain| Business News

Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that crude oil prices could…

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The National Stock Exchange building in Bandra Kurla Complex, Mumbai. The stock market is likely to move from earnings-driven to oil-driven trading in the near term. (HT)
Posted in Business

Sensex, Nifty 50 set for gap-down open as Iran war delivers crude shock for India| Business News

India’s stock market is likely to see a gap-down open on Monday as the Iran war is certain to deliver a crude shock for the…

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An oil tanker is pictured offshore in Dubai on 1 March 2026, as an escalating Iran war threatens production of crude oil in the Middle East. (AFP)
Posted in Business

OPEC to raise output as Iran war threatens to bolster rally in crude oil prices| Business News

The Organization of the Petroleum Exporting Countries (OPEC) has agreed to resume oil production increases next month as the Iran war brought on by Israel…

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Posted in Economy

Iran unrest does not have a significant impact on India Inc’s global trade: Crisil

Kolkata: The ongoing unrest in Iran has not had any significant impact on India Inc’s global trade, or the credit profiles of domestic corporates, thus…

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