March 24, 2026

crude

1768632338 unnamed file.jpg

Trump sanctions fail to stop inflow! Some Indian refiners step up Russian crude oil intake; Indian Oil, Nayara boost purchases

contact@dailyupdatesindia.com03 mins

Representative image (AI-generated) State-run Indian Oil Corp and Rosneft-backed Nayara Energy have increased their purchases of Russian crude in January. This comes even as India’s overall imports from Russia have declined under US sanctions.Reliance Industries, India’s largest buyer over the past year, along with several other refiners, has not received any supplies this month. This…

Read More
1768450756 unnamed file.jpg

Oil price today: Rates slide 3% after Trump’s Iran remarks; here’s how much Brent and West Texas Intermediate crude cost

contact@dailyupdatesindia.com02 mins

Global oil prices fell sharply on Thursday after comments from US President Donald Trump eased worries about unrest in Iran and possible disruptions to crude supplies.West Texas Intermediate crude fell 3.0% to $60.16 a barrel, while Brent slipped 2.93% to $64.57. The decline came after Trump said he had been informed that the killing of…

Read More
India energy security.jpg

Trump’s 500% tariff pressure & global crude supply shock risks: Where does India’s oil security stand?

contact@dailyupdatesindia.com013 mins

Recent geopolitical tensions and Trump tariffs on India highlight the need for India to step up focus on its energy security. (AI image) Oil is called black gold – and for a reason – it’s the fuel that drives economic growth and oil security is increasingly becoming crucial in a world fraught with geopolitical uncertainties…

Read More
1767872802 unnamed file.jpg

Rupee watch: Currency slips to 89.94 against dollar; crude rise, FII outflows and tariff worries weigh

contact@dailyupdatesindia.com02 mins

The rupee weakened by 7 paise to close at 89.94 (provisional) against the US dollar on Thursday, pressured by higher crude oil prices, sustained foreign fund outflows and a firmer greenback, PTI reported.Forex traders said the local unit also faced headwinds from renewed concerns over potential US tariff action and weak sentiment in domestic equities….

Read More
Us oil stocks gain after trump signals access to venezuela reserves.jpg

Crude oil deal: Trump says Venezuela to hand over 30–50 million barrels; proceeds under US control

contact@dailyupdatesindia.com03 mins

President Donald Trump said on Tuesday that Venezuela’s interim authorities would transfer between 30 million and 50 million barrels of oil to the United States, with the crude to be sold at market prices and the proceeds controlled by the US government.“I am pleased to announce that the Interim Authorities in Venezuela will be turning…

Read More
Crude oil imports.jpg

Russia oil trade: India imported €144 billion worth of crude since start of Ukraine war; second-largest buyer after China

contact@dailyupdatesindia.com02 mins

India has imported around 144 billion euros’ worth of crude oil from Russia since the start of the Ukraine war, making it the second-largest buyer after China, according to estimates by European think tank Centre for Research on Energy and Clean Air (CREA).According to news agency PTI, CREA said Russia has earned nearly 1 trillion…

Read More
Crude oil imports.jpg

Lowest in years? India’s crude oil imports from Russia may drop sharply in January; Reliance says it expects no deliveries

contact@dailyupdatesindia.com03 mins

Authorities have asked oil refiners to provide weekly updates on their purchases of crude from Russia and the United States. (AI image) India’s crude oil imports from Russia may see a sharp fall in January, with Reliance Industries saying that it does not expect to receive any Russian crude shipments. This could bring down India’s…

Read More