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Market move▲ Bullish for Indian equities

Crude oil price dips as traders weigh US-Iran Hormuz talks, supply risks

1 source · first seen 09:07 26 Sept · updated 09:07 26 Sept

The brief

Written from 1 report · check the source before you trade
  • West Texas Intermediate futures traded below $94 a barrel
  • Lower crude can support Indian oil marketing companies, airlines and fuel-intensive industries

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Crude oil69 todayStrait of Hormuz11 todayIran51 todayGeopolitics79 todayRefining margins1 today

Linked by the tag Refining margins

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 09:07
Business LineCrude oil price dips as traders weigh US-Iran Hormuz talks, supply risks09:07