OMC Stocks Rally on Falling Crude Prices
Shares of state-run oil marketing companies BPCL, HPCL, and IOC surged up to 4% on Friday, rebounding from recent losses as easing Middle East tensions triggered a sharp drop in global crude oil prices.
Shares of state-run oil marketing companies BPCL, HPCL, and IOC surged up to 4% on Friday, rebounding from recent losses as easing Middle East tensions triggered a sharp drop in global crude oil prices.
Crude oil prices declined on Friday, extending losses from Thursday's sharp drop. The easing of geopolitical tensions between the U.S. and Iran, along with rising U.S. stockpiles, contributed to the downward pressure on global benchmarks.
Crude oil prices declined Wednesday after four days of gains, pressured by Venezuela restarting exports and rising US inventories. Geopolitical tensions in Iran provided some support.
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Brent and WTI crude prices climbed sharply as protests in Iran and potential export disruptions overshadowed possible increased supply from Venezuela, with geopolitical tensions driving market volatility.
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Despite being the world's largest oil producer, US refineries rely on heavy crude from Venezuela, Canada & Mexico. Learn why the shale boom hasn't solved this dependency.
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Discover the real reason behind US interest in Venezuela's oil reserves. It's not just about quantity, but the specific type of crude. Read the full analysis now!
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US intervention in Venezuela could unlock discounted heavy crude for India's complex refineries, offering diversification amid pressure on Russian oil imports. Experts see medium-term gains.
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US military action in Venezuela triggers geopolitical risk premium on oil. Despite world's largest crude reserves, prices fall as analysts assess limited immediate supply impact. Key insights inside.
US military strike on Venezuela triggers volatility in Indian oil stocks. Reliance shares hit an all-time high while ONGC fell 2%. Experts analyse the divergent impact on these giants.
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US military action in Venezuela is expected to trigger a surge in crude oil and commodity prices due to geopolitical tensions. However, India's minimal trade ties mean limited economic impact. Read expert analysis.
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Crude oil prices saw a slight increase on the first trading day of 2026, following their sharpest annual fall since 2020. The uptick is driven by renewed geopolitical tensions, including Ukrainian drone strikes on Russian oil facilities and fresh US sanct
Oil prices edged higher in early 2026 trade amid Ukraine's drone attacks on Russian oil facilities and US sanctions on Venezuela's exports. Brent crude rose to $60.99. Explore the market impact.