Crude oil unlikely to fall to USD 70 in 2026, may remain at USD 80-85; risks to growth, inflation: UBI report

Apr 06, 2026

Crude oil prices are unlikely to decline to USD 70 per barrel this year and are expected to remain in the range of USD...

RBI sets $85 oil benchmark for FY26, $75 for FY27 after US-Iran ceasefire eases prices

Apr 08, 2026

The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26,...

Global economic jitters: Fitch Ratings predicts 2024 impact from soaring oil price

Nov 11, 2023

According to Fitch's Global Economic Outlook (GEO), a scenario with average oil prices of USD 75 per barrel in 2024 and USD 70 per...

If crude stays below USD 90, OMCs can absorb without fuel price hike, RBI's status quo apt amid uncertainty: CareEdge Economist

Apr 08, 2026

The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in...

OMCs' operating profit to drop by 30% in FY25 amid diesel spread softening: Crisil reports

Oct 27, 2024

Oil marketing companies (OMCs) will see operating profit drop to USD 12-14 per barrel in fiscal 2025 from USD 20 per barrel last fiscal,...

Oil prices surge after OPEC+ announce to cut output

Apr 03, 2023

By 1:12 am (Local Time), Brent was trading at USD 85.41 per barrel (6.46 per cent). The price of futures contracts of WTI crude...