Oil marketing companies BPCL, HPCL, and IOCL saw share price rallies of up to 4% on January 16, rebounding from recent losses as global crude prices dropped due to easing Middle East tensions. Cheaper crude benefits OMCs by lowering refining costs and improving cash flow.
2 min read12:12 PM ISTBrent crude slipped 21 cents, or 0.3%, to $63.55 a barrel, while U.S. West Texas Intermediate fell 15 cents, or 0.3%, to $59.04 a barrel.
3 min read11:42 AM ISTChina’s purchases for its strategic reserve have kept the market from cratering.
3 min read14 Jan 2026The assertion that helped justify the U.S. military operation against the Venezuelan leader was redacted in a publicly released version of the Justice Department memo.
3 min read14 Jan 2026On the Multi Commodity Exchange, February crude oil contracts eased by ₹22, or 0.4%, to ₹5,507 per barrel, with a trading volume of 11,113 lots, tracking subdued global cues as concerns over excess supply pressured the market.
3 min read14 Jan 2026Nifty 50 and Sensex declined on Wednesday due to foreign selling amid trade disputes and rising crude prices. Metal shares gained as global prices increased. Nifty 50 closed at 25,725.60, while Sensex was at 83,572.07. Experts caution investors amid international uncertainties.
4 min read14 Jan 2026Venezuela developments unlikely to impact oil prices: Crisil Ratings
2 min read13 Jan 2026MCX crude oil prices surged 1.48% due to rising international energy prices and concerns over Iranian supply disruptions. Analysts expect ongoing volatility, with support at ₹5,350 and resistance at ₹5,800. A prolonged conflict could further weaken the Indian Rupee and impact inflation.
3 min read13 Jan 2026Trump urged global oil executives to invest $100 billion in Venezuela to boost oil production, emphasising U.S. protection for their interests.
3 min read10 Jan 2026The U.S.-Venezuela relationship has been a tale of fortunes made and lost, with oil at the center—and with hints of potential challenges ahead for President Trump’s plan.
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