June 1, 2026

oil prices

Sanctions on Russian oil: Top buyer Reliance planning to ‘recalibrate’ its crude sourcing, says report – The Times of India

Sanctions on Russian oil: Top buyer Reliance planning to ‘recalibrate’ its crude sourcing, says report – The Times of India

admin04 mins

As global sanctions, including the latest ones from the Trump administration against Moscow intensify, many Indian refiners are evaluating their Russian oil trade documents.Reliance Industries Ltd, top Indian buyer of Russian crude, is also in the process of “recalibrating” imports from Russia to remain consistent with government guidance.“Recalibration of Russian oil imports is ongoing and…

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Global oil prices: Trump’s sanctions on Russian firms trigger sharp rise; Brent crude futures soar nearly 5% – The Times of India

Global oil prices: Trump’s sanctions on Russian firms trigger sharp rise; Brent crude futures soar nearly 5% – The Times of India

admin03 mins

Oil prices rose sharply on Wednesday, triggered by America’s fresh sanctions on Russian oil companies.Brent crude futures jumped $3.03, or 4.94%, to $64.35 a barrel, while US West Texas Intermediate (WTI) crude added $1.42, or 2.43%, to $59.92 after the settlement at 6 PM EDT (2200 GMT). Earlier, Brent had settled $1.27 higher at $62.59…

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S&P Global warns! Taking out Russian oil would turn price dynamics ‘upside down’; Trump tariffs driving India to economic independence – The Times of India

S&P Global warns! Taking out Russian oil would turn price dynamics ‘upside down’; Trump tariffs driving India to economic independence – The Times of India

admin04 mins

As the world’s third-largest oil supplier, Russia’s position is significant. (AI image) Taking Russian oil out of the global market would turn the price dynamic ‘upside down’, says S&P Global Commodity Insights co-president Dave Ernsberger. Geopolitical factors are expected to continue influencing oil markets in the coming year, with a complex relationship between policies and…

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Market watch: Asian stocks steady ahead of Fed decision; oil holds firm after Ukraine strikes Russian refineries – The Times of India

Market watch: Asian stocks steady ahead of Fed decision; oil holds firm after Ukraine strikes Russian refineries – The Times of India

admin04 mins

File photo (Picture credit: AFP) Asian equities were mixed on Monday as investors braced for an expected interest rate cut by the US Federal Reserve later this week, while oil prices held steady after Ukrainian drone strikes on Russian refineries raised concerns about supply disruptions.Markets have rallied in recent weeks on signs of cooling US…

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Market watch: Asian stocks advance as yen weakens; oil prices edge higher after Opec+ move – The Times of India

Market watch: Asian stocks advance as yen weakens; oil prices edge higher after Opec+ move – The Times of India

admin03 mins

File photo (Picture credit: AP) Asian markets opened the week on a firm note on Monday, with Tokyo leading gains after Japan’s Prime Minister Shigeru Ishiba announced his resignation, sending the yen lower and boosting exporters. At the same time, oil prices edged higher as Opec+ signalled a slower pace of output increases.Tokyo’s Nikkei index…

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