Oil prices rose on Friday as investors remained uncertain about the prospects of a breakthrough in ongoing negotiations between the United States and Iran, despite signs of limited diplomatic progress. Read More: Oil prices fall below 100 dollars on Iran deal hopes Global benchmark Brent crude climbed 1.6 per cent to more than $104 a barrel, […]
global energy market
Global oil prices rise 7% amid Iran-US tensions
Global oil prices have surged following escalating tensions between United States and Iran, with fears of further conflict impacting energy markets. Read More: Govt slashes diesel rate by Rs 32.12 as oil prices fall globally According to market data, Brent crude — the international benchmark — rose by around 5 percent, increasing by $5.13 to reach $95.51 per […]
Oil prices surge amid Strait of Hormuz tensions
Global oil prices surged sharply on Monday, climbing more than 25% to their highest levels since mid-2022 as escalating geopolitical Strait of Hormuz tensions in the Middle East disrupted supply and alarmed energy markets. Read More: Oil surges as Hormuz disruption shakes global supply Benchmark Brent crude rose nearly 27% to $117.65 per barrel in early trading, while […]
India turns back to Russian oil amid supply worries
India’s state-owned oil refiners are purchasing millions of barrels of Russian crude oil for immediate delivery as the country moves to address potential supply shortages linked to escalating conflict in the Middle East, according to multiple industry sources. Read More: Putin warns of possible gas halt to Europe The buying spree comes as India seeks […]