Crude Oil | DD News

September 2, 2026 7:40 PM

Saudi Arabia says Iran attacked vessel in Hormuz, killing two sailors

Saudi Arabia, the world’s biggest crude exporter, said on Wednesday that an Iranian attack on an oil tanker owned by its national shipping company had killed two Filipino seafarers. Sidr, owned by Bahri, was one of two supertankers carrying Saudi oil reported to have been hit late on Monday while transiting the Strait of Hormuz. Tehran has threatened tankers attempting to sail through the narrow waterway without authorisation, impeding energy exports from neighbouring oil-rich Gulf countries...

August 21, 2026 4:36 PM

Sensex ends flat, Nifty gains marginally as oil surge, US-Iran tensions weigh

Indian equity markets ended on a mixed note on Friday, with the benchmark indices largely flat as global equities retreated following a rebound in bond yields, while rising crude oil prices amid simmering tensions between the US and Iran kept investors cautious. The Sensex gained just 3.11 points to settle at 77,540.83, while the Nifty edged up 20.15 points, or 0.08 per cent, to close at 24,252.00. Commenting on Nifty’s technical outlook, experts said that the 24,000–24,200 zone remains th...

August 18, 2026 5:21 PM

Sensex falls 493 points, Nifty declines for sixth straight day as crude oil rises to USD 91/barrel

Market benchmark indices ended lower on Tuesday, with the Sensex falling 493 points and the Nifty dropping to 24,154.90 level, as elevated crude oil prices and fading hopes of a diplomatic breakthrough in West Asia weighed heavily on investors' sentiment. The 30-share BSE Sensex was down 492.70 points, or 0.63 per cent, to settle at 77,235.46, registering its third day of decline. During the fag-end of trade, it tanked 493.8 points, or 0.63 per cent, to 77,234.36. The 50-share NSE Nifty declin...

July 1, 2026 11:51 AM

OMCs slash ATF prices by nearly Rs 5 per litre amid softer crude oil

State-owned oil marketing companies (OMCs) have reduced aviation turbine fuel (ATF) prices by nearly Rs 5 per litre, effective from Wednesday, following a decline in international crude oil prices after easing geopolitical tensions in West Asia. According to the latest price notification, the price of jet fuel in Delhi has been cut to about Rs 110 per litre, coming into effect from July 1. The latest price cut is expected to lower operating costs for domestic carriers, although the actual bene...

June 17, 2026 11:53 AM

Brent crude falls below $80 amid hopes of lasting US-Iran truce

Global crude oil prices declined by almost 1 per cent on Wednesday as investors and traders assessed the possibility that the Iran conflict would end and the Strait of Hormuz would reopen. International oil benchmark Brent crude fell 0.72 per cent to $78.39 per barrel, while US West Texas Intermediate (WTI) crude slipped nearly 1 per cent to $75.35. The selling pressure came after details of the US-Iran interim agreement to end the West Asia conflict emerged, with US President Donald Trump sta...

March 3, 2026 10:20 AM

India’s Petroleum Ministry assures availability, affordability of energy amid West Asia crisis

Union Petroleum and Natural Gas Minister Hardeep Puri on Monday reviewed the supply situation for crude oil, LPG, and other petroleum products with senior officials from the Ministry and PSUs, amid tensions in West Asia. The Petroleum Ministry has said it is continuously monitoring the evolving situation, and all necessary steps will be taken in order to ensure the availability and affordability of major petroleum products in the country. India is a major importer of crude oil and natural gas ...

March 2, 2026 10:14 AM

Crude oil surges over 7% amid escalating Israel-Iran conflict

Global crude oil prices surged by more than 7 per cent on Monday as tensions in West Asia escalated following US and Israeli military strikes on Iran. Brent crude futures rose to $82.37 per barrel, the highest level since January 2025. Brent was trading 7.60 per cent higher at $78.41 per barrel, while US West Texas Intermediate (WTI) crude gained 7.19 per cent to $71.86. The spike follows reports that Iran has suspended navigation through the strategically vital Strait of Hormuz, prompting gov...

September 2, 2025 7:22 PM

Iran Oil Exports Hit Record High Despite Sanctions and Conflict

Iran’s crude oil and condensate exports have reached a new high over the past 12 months despite the imposition of 14 U.S. sanction packages totaling 465 measures, including the toughest oil-related restrictions since 2018. According to the Iranian Oil Ministry’s news service, oil exports remain a critical driver of the economy, accounting for 30 to 40 percent of government revenue and supporting infrastructure, industrial development, and social programs, while also serving as a key instrume...

July 20, 2025 12:38 PM

India taking steady, confident steps towards oil self-sufficiency: Hardeep Singh Puri

India is taking steady and confident steps towards oil self-sufficiency, and under Prime Minister Narendra Modi’s leadership, the country is securing its energy future, Petroleum Minister Hardeep Singh Puri said on Sunday. With one million square kilometres of offshore area now open for oilfield exploration and 99 per cent of ‘No-Go’ areas cleared, the minister announced on social media platform X that the groundwork is being laid for major energy progress. The oil and gas blocks offered...

July 7, 2025 12:55 PM

Oil tumbles as OPEC+ hikes August output more than expected

Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty over U.S. tariffs and their potential impact on global economic growth weighed on demand expectations. Brent crude futures LCOc1 fell 24 cents, or 0.35%, to $68.06 a barrel by 0642 GMT, while U.S. West Texas Intermediate crude CLc1 was at $66.31, down 69 cents, or 1.03%. The Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, agreed...