BPCL, HPCL, and IOC shares surged up to 3% as Brent crude fell to $61, boosting OMC margins. Peace talks between Ukraine and Russia could further impact oil markets. Learn how this affects investors.
Oil prices climbed on Wednesday after a recent slide, but gains were capped by an expected supply glut in 2026 and potential Russia-Ukraine peace deal. Key market analysis inside.
JPMorgan predicts Brent crude could fall to $30 by 2027 due to market oversupply. Discover what this means for India's economy and global oil dynamics.
JP Morgan warns global oil supply is outpacing demand, risking a price crash to $30s per barrel by 2027. Will producers act to rebalance the market? Read more.
Crude oil prices declined Tuesday, erasing Monday's gains amid Ukraine-Russia peace negotiations. MCX crude traded flat at ₹5,236/barrel while global benchmarks showed modest gains. Expert analysis included.
Reliance Industries stages massive comeback with 26% surge in 2025. Telecom tariff hikes, O2C recovery, and retail expansion fuel rally. Market cap nears Rs 21 lakh crore. Read analysis.
Crude oil prices plunged to one-month lows as US peace efforts could boost Russian oil exports. Brent fell to $62.33, WTI to $57.83. Market watches sanctions and Fed rates.
Reliance Industries secures landmark deal to supply Russian-free oil to Australia, strengthening India-Australia energy partnership and supporting global energy security.
New US sanctions on Russian oil firms leave 48 million barrels stranded at sea, forcing Asian buyers like India to seek urgent alternatives. Discover the market impact.
Reliance Industries stops importing Russian crude for its export-focused refinery to comply with EU ban on Russian-origin petroleum products. RIL accounts for half of India's Russian oil imports.
Reliance Industries ceases Russian oil imports at export-focused refinery to comply with EU sanctions. Key market pressure forces strategic shift in crude sourcing.
Reliance Industries ceases Russian oil imports for its export-only refinery from November 20. All December exports will use non-Russian crude. Get the full story on this major energy shift.
Reliance Power shares surged over 4% after forming a Board of Management to strengthen governance. The company also revealed major solar energy growth with 4 GW capacity awards. Read analysis.
Russian oil discounts surge to $5-6 per barrel as buyers avoid sanctioned firms Rosneft & Lukoil. Indian refiners shift to unsanctioned suppliers amid expected supply disruptions.
India purchased $2.9 billion worth of Russian crude oil in October, maintaining its position as second-largest buyer globally. Read how sanctions are impacting imports.
Global oil market tilts toward oversupply as production growth outpaces consumption despite rising Chinese demand. IEA projects 4 million bpd surplus by 2026. Read the full analysis.
Global crude oil markets experience significant oversupply, particularly in the Americas. US exports hit highest since July 2024, while market structure indicates weakening demand. Read analysis.
India initiates refilling its strategic petroleum reserves as global crude prices hover near multi-month lows, securing energy supplies ahead of expected price surges.
Reliance Industries shares rebound after 4-day slump. Expert analysis reveals whether this is a buying opportunity or profit-booking moment for investors.
India's top refiners plan dramatic reduction in Russian crude imports, exploring alternative suppliers amid changing global energy dynamics. Major shift expected from late November.
India dramatically reduces direct Russian crude purchases as US sanctions tighten payment mechanisms. Major refiners shift strategy while maintaining supplies through traders.
US sanctions on Russian oil tankers cause massive drop in shipments to India and China. Discover the global energy dilemma and whether markets can permanently ditch Russian crude.
India's Russian oil imports dropped by 16% in December 2023 as US sanctions disrupted payment mechanisms, forcing refiners to seek alternatives from Middle East suppliers.
OPEC makes strategic move to boost oil production by 137,000 barrels per day starting December, aiming to protect market share as US shale growth shows signs of slowing down.
Turkey dramatically increases non-Russian oil imports as latest Western sanctions bite, reshaping global energy flows and Ankara's trade relationships.
China is rapidly filling its strategic petroleum reserves as global oil prices hit multi-month lows, raising questions about Beijing's energy strategy and market impact. Discover what this means for global energy markets.
Indian Oil Corporation confirms uninterrupted Russian oil purchases from non-sanctioned entities despite Trump's pressure, prioritizing national energy security and economic interests.
India's largest oil company continues Russian crude purchases through non-sanctioned traders, navigating Western pressure while securing energy needs.
India's leading refiners Indian Oil and MRPL are actively diversifying oil sources, turning to international spot markets as Russian supplies face payment and shipping challenges. Industry sources reveal strategic moves to secure alternative crude.
HPCL-Mittal Energy Ltd halts Russian crude imports due to payment complications, joining other Indian refiners facing similar challenges with Russian oil deals.