Crude oil settled 0.30% lower at Rs. 8,953, declining by Rs. 27 as markets evaluated the implications of potential additional Russian energy supplies becoming available to global buyers in light of US President Donald Trump’s decision to temporarily ease restrictions on Russian diesel exports for six months. The initiative seeks to bolster American consumers; however, Read More
Due to Hurricane Isaias’ disruption of US Gulf of Mexico production, which partially offset lessening geopolitical concerns surrounding the Middle East, crude oil finished 0.19% higher at Rs. 8,881, gaining Rs. 17. US offshore producers have curtailed substantial output, with around 1.3 million barrels per day, representing 62.9% of current production, reported as offline, as Read More
Crude oil settled down 0.88% at Rs 8,552 as the market responded to the International Energy Agency’s initiatives to expedite the release of oil stocks and focus on diesel supplies. This comes in the context of record-high fuel prices and a constricting global supply situation exacerbated by the Iran war. Geopolitical risks have persisted at Read More
Crude oil concluded the trading session with a decline of 2.77%, settling at Rs 8,669, as indications of rising global supply overshadowed ongoing geopolitical uncertainties in the Middle East. The G7 nations have reached a consensus to release 100 million barrels of crude and diesel from their emergency reserves, all while continuing to uphold energy Read More
Crude oil concluded the trading session with a 0.71% increase, reaching Rs 8,911, following US President Donald Trump’s dismissal of Iran’s recent proposal aimed at resolving the conflict and reopening the Strait of Hormuz, thereby maintaining heightened geopolitical supply risks. Crude exports from major Middle East producers increased to 12.8 million barrels per day in Read More
Crude oil settled up 3.88% at Rs 9,167, as escalating tensions in the Middle East obscure the likelihood of a diplomatic resolution and heighten worries regarding potential extended disruptions to regional supply. Iran’s Supreme Leader’s military adviser cautioned that the conflict might extend from the Persian Gulf, Strait of Hormuz, and Red Sea into the Read More
Crude oil prices concluded the trading session with an increase of 2.11%, reaching Rs 8,825, as market participants evaluated the initiatives aimed at reinstating interrupted supplies from the Middle East, all while grappling with ongoing geopolitical uncertainties. Saudi Arabia is poised to resume exports via its essential East-West pipeline, which may circumvent the Strait of Read More
Crude oil prices experienced a decline of 4.2%, closing at Rs 8,836. This movement reflects investor sentiment leaning toward the potential for enhanced shipment prospects from Saudi Arabia, even in the face of persistent attacks by Yemeni Houthis and the prevailing uncertainty related to the US-Iran standoff. President Donald Trump suggested a potential willingness to Read More
Crude oil settled 0.62% lower at Rs 9,758, reflecting a reduction in concerns regarding supply disruptions following Saudi Arabia’s indication that it could restore approximately half of the damaged East-West pipeline capacity within days and achieve full operations within six weeks. Saudi Aramco is endeavouring to circumvent impaired segments and restore partial flows, while Riyadh Read More
Crude oil prices concluded the trading session with an increase of 1.99%, reaching Rs 9,717. This uptick was bolstered by apprehensions regarding potential disruptions to energy supplies from the Persian Gulf, particularly in light of a drone attack on a vital Saudi Arabian pipeline. Saudi Arabia’s Energy Ministry announced the closure of the pipeline as Read More
Crude oil concluded the trading session with a 4.18% increase, reaching Rs 9,099, as rising tensions in the Middle East heightened apprehensions regarding potential disruptions in energy supply, inflationary pressures, and the overall stability of the global economy. The US military reported the destruction of five Iranian crude tankers following attempted strikes on a US Read More
Crude oil concluded the trading session with a gain of 0.49%, reaching Rs 8643, as renewed military actions by the US against Iran and new threats from Israel toward Tehran heightened apprehensions regarding possible disruptions to oil supplies from the Middle East. On Wednesday, six commodity vessels navigated the Strait of Hormuz, a decline from Read More
Crude oil concluded the trading session with a notable increase of 4.75%, reaching Rs 8,536. This surge was driven by heightened tensions stemming from renewed military exchanges between the U.S. and Iran, which have amplified worries regarding potential disruptions to energy supplies and shipping routes through the Strait of Hormuz. Rising geopolitical tensions have heightened Read More
Crude oil concluded the trading session with an increase of 0.85%, reaching Rs 7,964, as market participants observed the diplomatic negotiations between Iran and Oman regarding the Strait of Hormuz while evaluating the mixed signals from US inventory data. Technical discussions between Iran and Oman are anticipated to persist regarding the establishment of a permanent Read More
Crude oil settled sharply lower by 3.66% at Rs 7,837, as intensified U.S. economic pressure on Iran and its trading partners heightened uncertainty regarding the timing of a potential resolution to the conflict and the reopening of the Strait of Hormuz. U.S. Treasury Secretary Scott Bessent announced sanctions aimed at countries that persist in conducting Read More
Crude oil concluded the trading session with a 0.78% increase, reaching Rs 8,151, as concerns regarding shipping routes through the Strait of Hormuz and persistent supply disruptions provided upward momentum for prices. Shipping through the strategic waterway experienced a slowdown as the majority of shipowners opted to bypass the route, influenced by contradictory statements from Read More
Crude oil concluded the trading session with a 2.45% increase, reaching Rs 8,063, as market participants evaluated the intensifying geopolitical tensions related to the US-Iran conflict and the potential for supply interruptions. Renewed fighting in Lebanon and attacks on vessels in the Strait of Hormuz have intensified concerns regarding transportation and regional supply security. Meanwhile, Read More
Crude oil settled 0.15% lower at Rs 7,928, influenced by downward revisions to global oil demand forecasts for 2026, a significant increase in U.S. crude inventories, and ongoing uncertainty regarding efforts to resolve the Iran conflict. Ongoing attacks on shipping in the Middle East have introduced additional geopolitical risk; however, this impact has been mitigated Read More
Crude oil prices concluded the trading session with a 5.11% increase, reaching Rs 7,803. This uptick was bolstered by a prevailing optimism regarding diplomatic initiatives that may lead to the reopening of the Strait of Hormuz. However, the extent of these gains was tempered by Iran’s stipulations for compensation, the removal of restrictions on its Read More
Crude oil prices experienced a significant rebound, closing 3.77% higher at Rs 7,377 due to value buying as markets reevaluated the geopolitical situation in the Strait of Hormuz. Iran has declared a temporary shipping agreement with Oman; however, officials have specified that this does not signify a complete reopening of the strategic waterway. Concurrently, optimism Read More
