India's Russian crude imports prevented price surge in global oil market

Dec 30, 2023

The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal in averting potential chaos in the crude...

Crude oil price may surge to $300 a barrel, warns Russia

Mar 08, 2022

New Delhi [India], March 8 : Ban on imports of Russian petroleum products by the western countries will have catastrophic consequences for the global...

US considers un-sanctioning Iran oil to mitigate global crude price surge: US Treasury Secy

Mar 19, 2026

The United States is moving to un-sanction Iranian oil as a primary measure to stabilize global energy markets and curb the recent spike in...

"PM wanted consumer price not to increase," Finance Minister Nirmala Sitharaman hails decision on fuel excise cuts

Mar 27, 2026

The Finance Minister said the main aim of such a move was to insulate consumers from the rising price of Crude Oil.

Crude oil prices surge as US shutdown ends, experts bearish on oil outlook

Nov 10, 2025

US senators on Sunday reached a bipartisan deal to reopen the government after a record 40-day shutdown. The agreement, backed by at least eight...

Crude oil prices surge after US, UK strike Houthi targets

Jan 12, 2024

The attacks by the Houthi rebels have forced ships to take longer routes around Africa, presenting challenges to global trade logistics.