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Market move▲ Bullish for Indian equities

Oil prices edge lower as Iran says it is open to diplomacy to end the war

1 source · first seen 07:28 24 Sept · updated 07:28 24 Sept

The brief

Written from 1 report · check the source before you trade
  • Brent fell 0.9% to $102.13 after a previous increase
  • Iran expressed willingness for diplomatic discussions to end the war
  • Lower crude may ease costs for Indian oil marketing companies and airlines

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Crude oil64 todayIran49 todayGeopolitics74 todayStrait of Hormuz11 todayUS tariffs8 todayRussian oil5 todayRefining margins1 today

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18 stories this week
  1. 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
  2. 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
  3. 25 SeptGlobal Market: VLCC rates hit record as Saudi crude flows jumpMarket move · 1 source · Saudi crude shipments through the Strait of Hormuz pushed Gulf of Oman ship-to-ship transfers to capacity
  4. 24 SeptPuri warns West Asia crisis could escalate; says India does not need refinery investment2 sources · Oil Minister Hardeep Puri said the West Asia crisis is not over and could escalate further
  5. 24 SeptOil rises as Iran threat to widen war dims hopes of Strait of Hormuz dealMarket move · 1 source · Brent futures rose more than 3% to above $106 a barrel before paring gains
All Refining margins stories →

Read the reports

1 report · earliest 07:28
Economic TimesOil prices edge lower as Iran says it is open to diplomacy to end the war07:28