Crude Oil Archives - National Times

17 Jun

Crude Oil Prices Ease, But Indian Consumers Await Petrol and Diesel Price Cut

Rajeev Sharma0 CommentsBusiness, India, TrendingCrude Oil

New Delhi (Rajeev Sharma): The recent decline in global crude oil prices has raised expectations of lower fuel costs in India, but motorists have yet to see any reduction at petrol pumps. Oil marketing companies have maintained existing petrol and diesel rates across the country despite the fall in international crude benchmarks. Global oil markets witnessed a sharp correction after diplomatic developments between the US and Iran eased concerns over supply disruptions. The reopening of the Strait of Hormuz, a key route for global oil shipments, also helped push crude prices down from recent highs. Brent crude futures for August…

02 Apr

Equity Markets Tumble as Crude Oil Rally Deepens; Sensex, Nifty Under Pressure

Gurpreet Singh0 CommentsBusiness, India, TrendingCrude Oil, Iran

Mumbai (Gurpreet Singh): Indian stock markets faced a sharp sell-off on Thursday as rising geopolitical tensions and a spike in oil prices rattled investor confidence. The BSE Sensex dropped over 1,300 points to trade near 71,800, while the Nifty 50 fell by more than 400 points, slipping to around 22,300 levels during early sessions. The decline followed strong remarks by US President Donald Trump regarding the ongoing conflict involving Iran, which dampened hopes of a near-term resolution and triggered a surge in energy prices. Brent crude rose sharply, crossing the $105 mark per barrel, intensifying concerns for import-dependent economies like…

05 Mar

US Urges India to Swap Russian Crude for American Energy Amid Middle East Volatility

Rajeev Sharma0 CommentsBusiness, IndiaCrude Oil, Energy, India, Raisina Dialogue, Trade Deal, US

New Delhi/Washington (Rajeev Sharma) — United States Deputy Secretary of State Christopher Landau issued a strong appeal to India on Thursday, urging the nation to transition from Russian crude oil to American energy supplies. Speaking at the Raisina Dialogue 2026, Landau positioned the United States as the "best alternative" for meeting India's massive energy requirements, particularly as the escalating conflict in West Asia threatens traditional supply routes through the Strait of Hormuz. The diplomat's remarks come at a critical juncture for global markets. Since the onset of the Russia-Ukraine war, India has consistently purchased discounted Russian oil, a move that…

03 Mar

37 Indian Ships and Over 1,000 Seafarers Stranded as Strait of Hormuz Closes Amid West Asia War

Gurpreet Singh0 CommentsIndiaCrude Oil, Indian Seafarers, Iran Conflict, Persian Gulf, Sarbananda Sonowal, Shipping, Strait of Hormuz

New Delhi (Gurpreet Singh): A critical maritime crisis has unfolded in the Middle East as 37 Indian-flagged vessels, carrying more than 1,100 seafarers, remain stranded in the Persian Gulf and the Gulf of Oman. The primary shipping route through the Strait of Hormuz has been effectively shut down due to intense military actions involving the United States, Israel, and Iran. The closure of this vital artery, which handles a significant portion of the world’s energy supplies, has triggered urgent security reviews within the Indian government as concerns mount for the safety of maritime personnel and national energy security. According to…