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Crude Oil News

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U.S. Oil Blockade Is Set to Boost American Exports—and Prices at the Pump

The Strait of Hormuz, a critical passage for the global oil supply, is now the subject of a U.S. blockade.

Published on Apr 14, 2026, 12:30 PM IST

'Load up with best, sweetest oil': Trump's US crude offer after Iran stalemate

US President Donald Trump asserted that empty oil tankers are on their way to load the 'best' and 'sweetest' oil.

Updated on Apr 11, 2026, 5:47 PM IST

Why US crude oil prices are tumbling today - Explained

An oil tanker is docked unloading crude oil at the port in Qingdao, in China's eastern Shandong province

Published on Apr 8, 2026, 4:42 AM IST

Oil India ramps up crude production from Rajasthan's Thar desert

Officials said crude oil produced in Jaisalmer is transported by tankers to ONGC facilities in Mehsana, Gujarat.

Published on Apr 5, 2026, 12:05 PM IST

‘Factually incorrect’: India dismisses report of ‘oil’ payment issues with Iran

The Ministry of petroleum and natural gas has dismissed reports that an oil tanker carrying Iranian crude had rerouted mid-voyage from its previously indicated destination of India.

Updated on Apr 5, 2026, 8:00 AM IST

India denies that Iranian crude oil ship diverted to China over ‘payment issues'

The statement came after a tanker carrying Iranian crude oil headed to India's west coast terminal of Vadinar in Gujarat changed course to China.

Published on Apr 4, 2026, 3:36 PM IST

Russia offers to supply more oil and natural gas to India in bilateral talks

Russian President Vladimir Putin speaks at a meeting of the Commission at the Central Election Committee in Moscow, Wednesday, April 1.

Updated on Apr 3, 2026, 9:38 AM IST

Oil prices surge, Sensex tanks: Aftermath of Trump's fresh Iran warning

US President Donald Trump arrives to speak at a televised address on the conflict in the Middle East from the Cross Hall of the White House in Washington, DC.

Updated on Apr 2, 2026, 12:44 PM IST

'No specific information': Govt official on ship carrying Iranian oil to India

Vadinar, where reports said the ship was headed, is home to the oil refinery of Russian oil giant Rosneft-backed Naraya Energy.

Updated on Apr 1, 2026, 4:35 PM IST

This time is different: $100 oil more painful now than before for India

Crude oil prices matter for government finances and refinery margins. For the retail economy what matters are things like the prices of petrol and diesel.

Published on Mar 28, 2026, 9:01 AM IST

Govt cuts excise on petrol, diesel by ₹10 per litre; slaps levies on exports

In the backdrop of the Iran-US war, fuel shortage concerns have grown in India.

Updated on Mar 28, 2026, 6:35 AM IST

VPA reports smooth operations with 12 vessels of crude, LPG in Feb-Mar

VPA reports smooth operations with 12 vessels of crude, LPG in Feb-Mar

Published on Mar 26, 2026, 10:18 PM IST

India buys 60 million barrels of Russian oil for April delivery: Report

In addition to buying more Russian oil, Indian processors are also looking elsewhere to diversify their supply as the war drags on.

Published on Mar 25, 2026, 12:19 PM IST

Iran says ‘non-hostile’ ships can cross Hormuz under its oversight: Report

Around 3,200 ships are stuck in the Gulf, unwilling to risk transit through the narrow Strait.

Published on Mar 25, 2026, 3:01 AM IST

The Strait of Hormuz and India’s Structural Energy Vulnerability

India’s strategic petroleum reserves currently cover roughly 9–10 days of consumption. Even after including commercial inventories which can theoretically provide an additional buffer of 64.5 days, the total buffer remains below that of China. (Bloomberg)

Published on Mar 24, 2026, 5:22 PM IST

Valero explosion: IRGC's ‘strategy change’ sparks buzz amid Port Arthur incident

Storage tanks at the Valero Houston Refinery in Houston, Texas, US, on Friday, March 13.

Updated on Mar 24, 2026, 8:09 AM IST

No surge in pump price of petrol, diesel even as fuel import cost at record high

The Indian basket of crude, surging to $156.29 a barrel, has set a new record, surpassing even benchmark Brent crude, which stood at $108.65 a barrel on March 19.

Updated on Mar 23, 2026, 6:40 AM IST

Russian crude oil tanker reaches New Mangalore port after ditching China route

Aqua Titan, a Russian crude oil tanker originally headed to China, was diverted to India and arrived off the Mangaluru coast on Saturday evening, Karnataka. (PTI)

Updated on Mar 23, 2026, 8:53 AM IST

Back to Russia: Moscow to retake oil top spot in India while Trump fights Iran

A Russian oil tanker carrying waiting to unload, in the Arabian Sea off Gujarat, India, on March 11.

Updated on Mar 20, 2026, 10:51 PM IST

Vietnam sees petrol prices shoot up overnight by 20% on fears of shortage

Petrol prices in Vietnam rose over 20% due to fears of oil shortages from the Middle East war, with gasoline reaching 30,690 dong per litre and diesel 33,420 dong.

Published on Mar 20, 2026, 2:06 PM IST

Oil, LNG prices soar as Iran attacks Gulf facilities, brent crude nears $114

The Iranian attack hit the Ras Laffan terminal for shipping out liquefied natural gas in Qatar.

Published on Mar 19, 2026, 2:30 PM IST

Iran hits world's LNG nerve after Khamenei’s ‘every drop of blood’ warning

Iran hits world's LNG nerve after Khamenei’s ‘every drop of blood’ warning

Updated on Mar 19, 2026, 2:02 PM IST

Russian oil tanker ditches China, ‘hurries’ to India amid global energy crisis

The tanker Aqua titan, carrying Russian oil, was initially heading to China.

Updated on Mar 18, 2026, 8:42 PM IST

Iran allows Pakistani oil tanker passage through Strait of Hormuz

FILE PHOTO: Luojiashan tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. REUTERS/Benoit Tessier/File Photo

Published on Mar 18, 2026, 4:43 AM IST

Diplomacy, dark mode: How India-bound ships made safe passage via Hormuz Strait

Indian-flagged LPG carrier Nanda Devi, carrying 46,500 MT LPG for ship-to-ship transfer, arrived at Vadinar port in Gujarat on Tuesday, March 17, 2026.

Updated on Mar 18, 2026, 3:12 AM IST

Second ship carrying crude oil reaches Mumbai

Representational image.

Updated on Mar 16, 2026, 6:25 AM IST

4th India-flagged tanker, Jag Laadki, safely sails out West Asia war zone

FILE PHOTO: Tankers are seen off the coast of Fujairah, as Iran vows to fire on ships transiting the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 3, 2026. REUTERS/Amr Alfiky/File Photo

Updated on Mar 15, 2026, 10:06 PM IST

Indian oil tanker heads to India after escaping attack on Fujairah port

Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026.

Published on Mar 15, 2026, 9:44 PM IST

Kerosene and coal are making a temporary comeback in India. Here's why

Representative image. (AFP)

Updated on Mar 13, 2026, 5:18 PM IST

Opt for PNG to reduce pressure on LPG, Centre tells public amid panic-booking

People wait in a queue outside a gas agency to refill the LPG cylinders.

Updated on Mar 13, 2026, 4:30 PM IST

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