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NEW DELHI: Global oil prices cooled to under $90 a barrel on Tuesday – a day after rising to a three-year high of $120 – following US President Donald Trump’s comment that the Iran war may end soon, amid govt’s claim that India was now securing more quantities of crude from non-Gulf sources.Officials said supplies…
Oil prices have climbed above $100 a barrel for the first time in more than three and a half years as the escalating war involving Iran disrupts energy production and shipping routes across the Middle East. US President Donald Trump called it a “very small price to pay for world peace”.“Short term oil prices, which…
As tensions in the Middle East enter their second week, concerns are rising over whether India’s energy supplies are sufficient. According to a recent government report, the country has more than 250 million barrels of crude oil and petroleum products in reserve, enough to meet demand for nearly two months. The combined reserves, estimated at…
Iran has warned that continued US-Israeli attacks will trigger retaliation against “all economic centres” across the Middle East, while signalling further disruption to global energy supplies.Islamic Revolutionary Guard Corps (IRGC) general Ebrahim Jabbari said Tehran would escalate its response if its “main centres” were targeted. “We are saying to the enemy that if it decides…
Global oil markets are heading into a volatile phase as escalating tensions in the Middle East raise fears of supply disruption through one of the world’s most critical energy corridors, with analysts warning that crude prices could surge sharply if the conflict deepens.Khamenei’s death, confirmed by Iranian state media earlier, triggered warnings about strong retaliation…
NEW DELHI: Crude oil prices are expected to soften significantly in 2026 and may touch $50 per barrel by June, an analysis by SBI Research showed on Monday. The deceleration is likely to be faster which could have a positive impact on inflation and growth, it added.The report said that the US Energy Information Administration…
