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July 11, 2026, 10:51 AM - 2 min read
The drop is expected to amount to around 1 million barrels per day in 2026, owing to higher prices and supply disruptions triggered by the US-Iran war, the report from the agency said on Saturday.
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July 10, 2026, 11:22 AM - 2 min read
The ongoing conflict in Iran has delayed the complete reopening of the Strait of Hormuz, a critical passage for more than 20 per cent of global oil trade. Further disruption to the waterway could tighten global energy supplies.
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July 9, 2026, 09:16 AM - 2 min read
Oil prices are expected to gain momentum in the coming days, as both Iran and the United States announced fresh restrictions and a naval blockade in the Strait of Hormuz.
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July 3, 2026, 09:09 AM - 2 min read
This is the first time that prices have stayed below $72 a barrel for a week since the war broke out on February 28.
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July 2, 2026, 07:04 PM - 3 min read
The minister said that if lower international crude prices are sustained for the next two to three months, oil marketing companies would have greater flexibility to consider reducing petrol and diesel prices.
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June 29, 2026, 10:28 AM - 2 min read
The gains were modest, but the direction was critical for import-dependent countries like India, Japan and South Korea, which primarily rely on supplies coming through the Strait of Hormuz.
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June 26, 2026, 09:06 AM - 2 min read
According to the latest market data, crude prices rose nearly 4% on Thursday after the International Maritime Organization stopped its evacuation efforts in the critical waterway.
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June 23, 2026, 10:04 AM - 2 min read
Crude oil prices remained subdued after positive developments emerged from the US-Iran peace negotiations in Switzerland.
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June 18, 2026, 08:57 AM - 2 min read
Brent crude futures were down 89 cents, or 1.12 per cent, at $78.66 a barrel as of 00:05 GMT, while US West Texas Intermediate fell 98 cents, or 1.28 per cent, to $75.81 a barrel.
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June 13, 2026, 09:19 PM - 4 min read
"When we raised petrol and diesel prices, how much did it increase? Fuel prices rose by Rs 7.60 a litre," he said. In addition to Japan, there was the lowest increase in fuel prices in India, he said.
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June 9, 2026, 09:03 AM - 2 min read
Prices had earlier climbed close to $97 per barrel before easing to around $91 at the close of Monday’s trading session.
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June 8, 2026, 05:17 PM - 3 min read
The market chaos intensified after Israel launched early-morning airstrikes across Iran, triggering loud explosions in Tehran, Isfahan, and Tabriz.
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