Tuesday, 29 September 2026Updated 13m ago
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Market move▼ Bearish for Indian equities

Oil Prices Rise For Second Day: Brent Crude Nears $107 As US-Iran Talks Stall Despite Saudi Pipeline Restart

1 source · first seen 06:20 29 Sept · updated 06:20 29 Sept

The brief

Written from 1 report · check the source before you trade
  • Brent crude held above $106 a barrel while WTI approached $94
  • Uncertainty over US-Iran talks outweighed the partial restoration of Saudi pipeline flows
  • Higher crude costs pressure Indian oil marketing companies and fuel-sensitive sectors

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Iran79 todayCrude oil137 todaySaudi Arabia18 todayFuel prices30 todayRefining margins12 today

Linked by the tag Refining margins

29 stories this week
  1. 28 SeptNifty slides to six-month low as US-Iran deal hopes fade, oil tops $100 a barrelMarket move · 1 source · Crude oil above $100 a barrel weighed on Indian stocks as hopes for a US-Iran deal faded
  2. 28 SeptIndian refiners buy costly West Asian barrels as Russian supply narrowsMarket move · 1 source · Russian arrivals eased to around 1.75 mb/d in September, the lowest since April 2026
  3. 28 SeptBrent Stays Elevated Even As Saudi Arabia's East-West Pipeline Resumes Oil ExportsMarket move · 1 source · Brent crude futures traded near $108 per barrel
  4. 25 SeptOil prices fall after Iran asks U.S. to return to failed memorandum of understanding from JuneMarket move · 1 source · Iran asked the U.S. to meet conditions in the June 17 memorandum of understanding
  5. 25 SeptReplacing 1 million bpd of Russian oil could cost India up to $3.7 billion annuallyMarket move · 2 sources · Replacing 1 million bpd of Russian oil could add up to $3.7 billion to India’s annual bill
All Refining margins stories →

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1 report · earliest 06:20
NDTV ProfitOil Prices Rise For Second Day: Brent Crude Nears $107 As US-Iran Talks Stall Despite Saudi Pipeline Restart06:20