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Last Updated:June 07, 2026, 7:55 PM IST OPEC+ will raise July oil quotas by 188,000 barrels per day, but analysts say Middle East tensions and Strait of Hormuz disruptions limit price impact and risk future oversupply. OPEC+ will raise July oil quotas by 188,000 barrels per day, but analysts say Middle East tensions and Strait…
Last Updated:May 27, 2026, 02:09 IST As per analysts, even if Washington and Tehran reach an agreement and maritime traffic resumes normally, the structural damage caused by the conflict could take years to reverse. On Tuesday, Brent crude was trading around $96.50 per barrel, extending gains as concerns over long-term supply disruptions continued to dominate…
There has been turmoil in the global oil market after the closure of the Strait of Hormuz. At a time when the oil supply of Middle East countries was affected, Venezuela has suddenly emerged as India’s third largest crude oil supplier. According to energy tracking data Kepler, Venezuela has overtaken both Saudi Arabia and the…
The ongoing tension in West Asia is still affecting the entire world. Meanwhile, it has come to light that the prices of petrol and diesel may increase once again. This increase is likely to happen before 15. According to sources, due to the ongoing conflict in West Asia, there has been a huge jump in…
The effect of the ongoing crisis in the Middle East and the resulting supply shortage has been that Russia’s share in India’s oil imports has once again increased. Russia has become India’s top oil supplier but this time the difference is that India is not getting Russian oil as cheap as before, but now it…
Due to increased rhetoric between America and Iran, crude oil prices have again crossed $ 110 per barrel today. After US President Donald Trump threatened to make Iran a hell, Iran has talked about stopping the global supply. Due to this, the price of one barrel of Brent crude has increased by $1.71 to reach…
Hindi News Business India Buys 60 Million Barrels Russian Crude For April Amid Israel Iran War & Hormuz Crisis New Delhi1 hour ago copy link Photo Credit-AI The crude oil supply chain has been badly affected due to the ongoing Israel-Iran war in the Middle East. To deal with this crisis, Indian refiners have decided…
New Delhi8 minutes ago copy link The Strait of Hormuz route has been closed amid the ongoing war between Iran and Israel. In such a situation, after the supply of crude oil stops, India will buy about 30 million barrels of crude oil from Russia. This claim has been made in the Bloomberg report. The…
New Delhi1 hour ago copy link Yesterday’s big news was related to petrol and diesel. Due to the ongoing tension in the Middle East, the worry of rising prices of petrol and diesel in the country has ended. Because, after the closure of the Hormuz route, the government has started importing 10% of the total…
The United States has “reached out to India” to purchase Russian oil currently sitting in floating storage in southern Asia as part of a short-term effort to ease pressure on global oil markets, US Energy Secretary Chris Wright said in an interview with ABC News. The temporary measure, he said, is designed to quickly move…