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Thursday, November 27, 2025
TopicCrude oil

Topic: crude oil

India’s petroleum demand has crashed by 70% as country has come to a near-halt

Consumption for the entire month could average about 50% below last year’s levels if the lockdown ends 15 April as planned.

India to stock up Middle Eastern crude oil to take advantage of low prices

New Delhi’s move to buy millions of barrels of Middle Eastern crude is seen to be part of a broader G-20 response to the collapse in oil prices.

How Saudi Arabia can save the global oil industry

Saudi Arabia needs to get producers to curb output or make clear it will continue to pump 12.3 million barrels a day, causing prices to crash to single digits.

Trump’s push for huge deal to cut oil supply draws disbelief

Oil traders are frantically assessing whether Saudi Arabia, Russia & possibly even the US are poised to strike a grand bargain to cut daily supplies.

Oil plummets further after Trump suspends travel from Europe to US

Brent crude for May delivery fell 5.3% to $33.88 a barrel after Trump said US would suspend all travel from Europe for next 30 days.

Bharat Petroleum grabs US crude on its way to China after tariffs kicked in

BPCL bought one or two cargoes of US crude recently diverted from its original destination of China & could buy more American oil headed there.

Modi govt plans to resume oil imports from Iran, skirt US sanctions

New govt plans to hold talks with Iran at the earliest to discuss ways to resume oil imports and is even looking to pay in Indian currency.

Elections keep petrol & diesel rates in check in India, even as global crude price soars

Global crude price has risen by almost $9 since 10 March, when the Lok Sabha polls were announced. But average petrol price in India has risen by just 50 paise.

Modi govt promised to raise India’s crude oil output – but it actually dropped last 5 yrs

Higher crude imports went unnoticed due to global prices, analysts say. Modi govt says ‘made considerable progress, but it takes time’.

Why China isn’t standing by Iran while its trade war with US continues

China continues to benefit from Iran’s energy resources while Iran struggles to use its earnings to purchase Chinese exports.

On Camera

Rajnath Singh is discovering India-Pakistan civilisational ties

Even as India, Pakistan have seemed on the edge of war, their intelligence services have often sought to find space to de-escalate tensions and reduce risks for the two countries.

Chhattisgarh pitches state as hub for ‘specialty steel’, nets investment plans of Rs 6,321 crore

Speaking at 2nd Investor Connect, CM Vishnu Deo Sai says 'we have been able to attract a lot of investors.' The focus of the event was the steel sector. 

Asim Munir set to take charge as overall commander of Pakistan military, most powerful Army chief ever

In largest overhaul of military command in 5 decades, Field Marshal Asim Munir set to assume post of Chief of Defence Forces tomorrow, as Army claims primacy in Pakistan armed forces.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.