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Business News/Topic/ Oil

OIL

Get the latest Oil news, videos and headlines. Explore more for Oil breaking news, opinions, special reports and more on mint.

A Texas refinery of Exxon Mobil, which has cut investments in Europe by some 70% in recent years. Photo: BING GUAN/REUTERS

Trump goes to bat for big oil on climate rules in EU trade talks

4 min read . 26 Jun 2025

SPRs are built underground in strategically chosen locations, often near refineries and ports, like rock caverns or salt caverns.

India digs deep for oil security, plans six new strategic reserves

6 min read . 26 Jun 2025

Gulf and US producers are swamping the global market with oil. (Bloomberg)

Post-ceasefire hangover: The world is awash in crude oil right now

4 min read . 25 Jun 2025

Iran-Israel conflict could trim India’s GDP to 5.1% if crude hits $130, says SBI Research (Bloomberg)

‘Iran-Israel conflict could trim India’s GDP to 5.1% if crude hits $130’

3 min read . 25 Jun 2025

India imports about half of its oil imports from West Asian countries and about 36% of the overall oil imports comes through the Strait of Hormuz. (REUTERS)

Oil prices rise over 1% amid Israel-Iran ceasefire, Brent at $68/bbl

2 min read . 25 Jun 2025

Since regime change now seems off the US agenda, if not Tel Aviv’s, calm traders might have got this oil scare right. (AP)

Mint Quick Edit | West Asia’s ceasefire: The oil market got lucky

1 min read . 25 Jun 2025

Out of the 5.5 million barrels of crude oil that India consumes daily, about 1.5-2 mbpd crosses the Strait of Hormuz. (AFP)

Here's New Delhi's game plan to solve the Hormuz riddle

8 min read . 25 Jun 2025

A map of the Strait of Hormuz and Iran seen behind a 3D printed oil pipeline in this illustration. REUTERS/Dado Ruvic/Illustration (REUTERS)

Israel-Iran ceasefire takes the pressure off crude prices, but not Indian OMCs

3 min read . 24 Jun 2025

R. Janakiraman, chief investment officer-emerging markets India, Franklin Templeton Asset Management (India) Pvt. Ltd.

Geopolitics won’t derail RBI’s rate cuts: Franklin Templeton

9 min read . 24 Jun 2025

Stock Market Today: The Nifty Oil & Gas index gained more than 1% (MINT_PRINT)

Nifty Oil & Gas index jumps 1% as crude tumbles following Israel-Iran ceasefire

1 min read . 24 Jun 2025

Oil prices soared over 10% after Israel's attack on Iran on June 13. (Bloomberg)

Oil prices fall 2% as Trump announces ceasefire between Iran and Israel

3 min read . 24 Jun 2025

Crude oil prices fall after Israel-Iran ceasefire; MCX crude oil slips below ₹6,000 level (Image: Pixabay)

Crude oil prices fall after Israel-Iran ceasefire; MCX crude oil below ₹6,000

2 min read . 24 Jun 2025

Oil Swings as Iran War Escalates and Trump Calls for Low Prices

Oil Swings as Iran War Escalates and Trump Calls for Low Prices

3 min read . 23 Jun 2025

FILE PHOTO: This handout photo released by NASA and taken on April 8, 2021 by the Expedition 64 crew from the International Space Station shows a view of the Strait of Hormuz in the Gulf separating Iran (top) from the United Arab Emirates and Oman (bottom). (AFP)

As Israel-Iran war mounts, tankers pause, U-turn, zig-zag at Strait of Hormuz

2 min read . 23 Jun 2025

The escalating Israel-Iran conflict has spooked commodity market investors and other nations, as Iran has a strategic advantage of creating any potential disruption at one of the world's most important oil trading routes, the Strait of Hormuz. (Bloomberg)

Will Israel-Iran conflict fuel sharp jump in global crude oil prices?

3 min read . 23 Jun 2025

Roughly one-fifth of daily global crude oil production transits the Strait of Hormuz. (Illustration: Reuters)

Hormuz heat rises: Can India weather an oil shock?

2 min read . 23 Jun 2025

A map showing the Strait of Hormuz and Iran is seen in this illustration taken June 22, 2025. (Image: Reuters) (REUTERS)

Iran moves to shut the Strait of Hormuz. How will it impact India?

4 min read . 23 Jun 2025

A poster of Operation Midnight Hammer is displayed during a briefing at the Pentagon, after the U.S. struck Iranian nuclear facilities, during the Israel-Iran conflict. (Photo: Reuters TV/U.S. Department of Defense/Handout)

barrons

Where the Iran war goes from here. Three scenarios for oil and stocks.

4 min read . 23 Jun 2025

Paints, aviation, tyres, and specialty chemicals could face margin pressure as Iran-Israel conflict drives crude higher (HT_PRINT)

Paints, tyres, aviation to face pressure as Iran-Israel tensions lift oil prices

3 min read . 23 Jun 2025

Oil price today: MCX crude price hits Jan 2025 high post escalation in Israel-Iran war, fear of Hormuz Strait closure
(Bloomberg)

MCX crude price hits January 2025 high after escalation in Israel-Iran war

2 min read . 23 Jun 2025