Crude Oil Price

India ramps up Strategic Petroleum Reserves amid Brent crude dip to $65/barrel & looming US sanctions on Russian giants Rosneft/LUKOIL on November 8, 2025! Modi govt fast-tracks procurement & expansion to hit IEA's 90-day benchmark (current 70-72 days). 88% oil imports at risk—$1 rise adds $1.5B bill! Watch the energy shield!

Nayara Energy, India’s second-largest oil refinery, sues Microsoft in Delhi High Court after EU sanctions trigger service cuts! On July 28, 2025, Microsoft halted Nayara’s access to critical tools like Outlook and Teams, citing EU’s 18th sanctions package targeting its 49.13% Rosneft stake. Nayara calls this “corporate overreach,” risking India’s energy security. Watch how this legal battle could reshape global sanctions and fuel supply!

Crude oil prices which touched rock bottom when the covid pandemic broke out in 2020 have gained steadily since then, as the world made progress in the battle against the coronavirus. However, with the onset of the Russia-Ukraine war in February and following supply chain disruptions, oil prices began climbing, peaking at $127.98 in March. With the global economy slowing down, crude oil prices fell as low as $76.1 in the first week of December. However, retail customers may have to wait longer for relief, why? Let us analyze the implications of cheaper oil for the Indian economy.

Russia's crude oil export to India surged to a new record in December 2022. Moscow has remained the top oil supplier of India for consecutive months. According to data from energy cargo tracker Vortexa, India imported crude oil from Russia 1 million barrels per day for the first time in December. Russia supplied 1.19 million bpd of crude oil to India in December alone. As per Vortexa report, it was the higher than 909,403 bpd of crude oil India imported from Russia in November and 935,556 bpd in October 2022. In this video, let's take a look at some of the causes that led to the increase in imports that we have seen.

Front-month WTI prices settled down for a sixth straight session on Tuesday, their longest losing streak this yearCrude oil prices were supported by the news of a drop in US manufacturing activity data

Compared to the beginning of the year, more of India's macroeconomic indicators are in the red now, Mint's Macro Tracker shows

Both US crude and Brent crude benchmarks fell more than 25 percent through October and November as a supply glut inflated global inventories but have stabilised over the last three weeks

Brent crude oil futures were at $61.09 per barrel, down 36 cents, or 0.6%, from their last close.

Raghuram Rajan says with geo-political factors impacting crude prices, India needs to have a good oil hedging policy as the volatility will continue to rise

Russia signalled little urgency to commit to oil cuts, even as production from Saudi Arabia and US shale mean inventories are starting to rise again