Crude Oil

140 US troops wounded in Iran conflict: Pentagon

The Pentagon reported that about 140 US service members have been wounded in the first 10 days of attacks linked to US operations against Iran. Most injuries are minor, with 108 personnel already returned to duty, while eight remain severely injured.

Mar 11, 2026

Silver, gold prices drop further over profit booking

Gold and silver prices fell on Wednesday as investors booked profits, despite a weaker US dollar and ongoing geopolitical tensions. MCX April gold futures declined 0.52% to Rs 1,62,452 per 10 grams, while MCX May silver futures dropped 1.69% to Rs 2,73,150 per kg.

Mar 11, 2026

Oil prices plunge 30 pc from record high, slip below $90 a barrel

The decline followed Trump's statements that the campaign against Iran would conclude "very soon" and that the Strait of Hormuz would remain secure. The easing came after prices had surged past $100 per barrel due to tensions disrupting energy flows.

Mar 10, 2026

Gold prices rise for 5th day over Middle East tensions

Precious metals surge over inflation concerns amid escalating Middle East tensions

MCX gold April futures gained 0.31 per cent to Rs 1,62,018 per 10 grams on an intra-day basis. Meanwhile MCX silver May futures gained 1.50 per cent to Rs 2,69,551 per kg.

Mar 5, 2026

Oil prices cross $83 per barrel as Middle East tensions escalate

Oil prices rose above $83 per barrel as Iran closed the Strait of Hormuz and a container ship was hit. India, with 25 days of reserves and diversified imports from Africa, Russia, and the US, is better positioned to handle supply disruptions.

Mar 5, 2026

Rupee hits record low of ₹92.18 against US dollar amid surging oil prices and geopolitical tensions

The Indian rupee plunged 69 paise to an all-time low of 92.18 against the US dollar in early trade on March 4, 2026, pressured by spiking crude prices (Brent at 82 dollars per barrel) due to the escalating US-Iran conflict.

Mar 4, 2026

India will buy oil from Venezuela : Donald Trump's big claim

Donald Trump warns Iran 'very traumatic' over nuclear deal, criticises wind energy

President Donald Trump said his administration has "basically stopped all windmills" in the US, calling wind energy expensive and harmful to the environment. He also criticized turbine imports from China and warned of risks to military and air traffic.

Feb 13, 2026

Scientists to make painkillers from 'paper waste' instead of crude oil

Common drugs such as paracetamol and ibuprofen can now be made from a compound found in pine trees, which is also a waste product from the paper industry, instead of crude oil products, according to a study

Jul 11, 2023

crude oil, UAE-based Indian national sanctioned by US for smuggling Iranian oil.

Centre hikes windfall tax on domestic crude oil

The Central government has hiked windfall tax on domestic crude oil and reduced the tax on export of diesel.

Nov 17, 2022

BPCL inks deal with Brazil's Petrobras aimed at diversifying crude oil sourcing

The new MoU will cut down India's reliance on particular regions in terms of crude exports

Sep 25, 2022

Chinese economy struggling, policy rate cut could impact 'Global Financial Markets'

Latest economic review, the DEA said the geopolitical environment remains tense and fraught.

Aug 20, 2022

Global headwinds: RBI lowers FY23 GDP growth forecast to 7.2%

Reserve Bank of India on Friday lowered India's FY23 GDP growth projection to 7.2 per cent from an earlier estimation of 7.8 per cent.

Apr 8, 2022

Petrol, diesel prices hiked for 12th time in 14 days; see fuel cost in your city [details]

The State-run oil marketing companies on Monday raised key transport fuel prices for the 12th time in the last 14 days.

Apr 4, 2022

Moody's cuts India's growth forecast for 2022 to 9.1 from 9.5, cites oil price hike

Moody's Investors Service on Thursday revised its India's GDP forecast down to 9.1 per cent from 9.5 per cent for 2022.

Mar 17, 2022

Brent crude prices surge above $110 per barrel

Concerns over lower supply amid escalating Russia-Ukraine conflict pushed up global crude oil prices to $110 per barrel on Tuesday.

Mar 2, 2022

Petrol, diesel prices may go up by over Rs 6 per litre, says ICRA; Here's why

High crude oil prices, due to geo-political concerns, can spike petrol, and diesel prices by Rs 6 to Rs 8 per litre, ratings agency ICRA said.

Feb 26, 2022

Customs reduces clearance time for edible oil consignments at ports

Sunflower oil prices may increase if Russia-Ukraine crisis blows up

Indian sunflower oil makers are hoping that the Russia and Ukraine crisis resolves smoothly so that the edible oil shipments resume soon from Ukraine.Since Russia and Argentina are there as alternate sources,there may not be any major impact on the retail prices of sunflower oil.

Feb 23, 2022

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