OPEC+ has announced a small 188,000 barrel per day hike in oil output for July. Analysts call the move a policy signal as the Strait of Hormuz remains closed.
Rosneft CEO Igor Sechin claims US firms benefit from the Strait of Hormuz closure amid Iran war, as global oil markets face volatility and long-term uncertainty.
India's reliance on Russian oil hit an 11-month high of 38% in April 2026, as the premium paid for imports surged by 425% amid the ongoing West Asia crisis.
India is shifting its energy strategy to reduce reliance on Russia and the Gulf, turning to Venezuela for long-term oil security amid global geopolitical unrest.
Venezuela holds the world’s largest oil reserves, yet suffered a historic collapse. As production recovers, we analyze the global impact of their return to markets.
The RBI has revised its FY27 growth forecast to 6.6% in Q1, citing crude oil volatility and geopolitical risks. The MPC maintains a neutral stance on policy.
Crude oil prices see fluctuations as Hezbollah rejects a US-backed ceasefire in Lebanon, keeping global markets on edge over potential supply chain disruptions.