News for 'OIL'

9 Countries With The Most Oil

9 Countries With The Most Oil

Rediff.com8 Jan 2026

Where are the most oil reserves in the world? Who owns them? Find out!

Don't rush me to end Iran war; won't use nukes: Trump

Don't rush me to end Iran war; won't use nukes: Trump

Rediff.com24 Apr 2026

US President Donald Trump stated he would not set a deadline for ending the conflict with Iran, claiming Iran's military capabilities have been severely weakened. He also said he would not use nuclear weapons and maintained the US has complete control over blockade measures against Iran.

Ready to restart war, awaiting US approval: Israel

Ready to restart war, awaiting US approval: Israel

Rediff.com24 Apr 2026

Israel's Defence Minister Israel Katz has stated that Israel is prepared to escalate military action against Iran, pending approval from the United States. This comes as US President Donald Trump says he would not use nuclear weapons in any conflict with Iran, while also claiming the US has 'total control' over the Strait of Hormuz.

Trump to visit China this week amid global tension

Trump to visit China this week amid global tension

Rediff.com11 May 2026

US President Donald Trump will visit China from May 13 to 15 at the invitation of President Xi Jinping. The visit occurs amidst global tensions, including the war in West Asia and trade disputes between the US and China. Discussions are expected to cover China-US relations, world peace, and economic issues.

NIA charges Hyderabad doctor among 3 in ISIS bioterror conspiracy case

NIA charges Hyderabad doctor among 3 in ISIS bioterror conspiracy case

Rediff.com6 May 2026

The National Investigation Agency (NIA) has filed a chargesheet against three individuals, including a doctor, for their alleged involvement in an ISIS-linked conspiracy to carry out mass poisoning in public spaces using a biological toxin.

Iran in a 'state of collapse', Tehran wants us to open Hormuz: Trump

Iran in a 'state of collapse', Tehran wants us to open Hormuz: Trump

Rediff.com28 Apr 2026

US President Donald Trump on Tuesday claimed that Iran is in a "state of collapse" and has requested the United States to help "open" the Strait of Hormuz.

Core Sector Output Contracts 0.4% in March, First Decline in Five Months

Core Sector Output Contracts 0.4% in March, First Decline in Five Months

Rediff.com20 Apr 2026

India's core sector output contracted by 0.4 per cent in March, marking the first decline in five months, with coal, crude oil, fertiliser, and electricity production falling, according to official data.

'Very Bad For Global Economy If War Continues'

'Very Bad For Global Economy If War Continues'

Rediff.com28 Apr 2026

'Even if the war ends tomorrow, which is unlikely, and we go back to the pre-war status quo, the world will still need some time to get over the sudden shock of oil price increases.'

Trump rejects Iran's offer, says blockade to remain until.....

Trump rejects Iran's offer, says blockade to remain until.....

Rediff.com30 Apr 2026

US President Donald Trump in an exclusive interview to Axios on Wednesday, said that he would continue to keep the naval blockade until Iran agrees to deal with the United States by addressing America's concerns about the nuclear programme.

RBI net-bought $7.4 bn in Feb, highest since Mar '25

RBI net-bought $7.4 bn in Feb, highest since Mar '25

Rediff.com24 Apr 2026

The Reserve Bank of India (RBI) net-bought $7.4 billion from the spot foreign exchange market in February, its highest buy since March 2025, before heavily intervening by selling dollars in March as the rupee declined over 4 per cent following a spike in crude oil prices.

US missile-destroyer intercepts Iranian tanker amid Hormuz tensions

US missile-destroyer intercepts Iranian tanker amid Hormuz tensions

Rediff.com28 Apr 2026

The American warship stopped the tanker "after it attempted to sail to an Iranian port," according to a statement released by CENTCOM.

Three Indians Injured In Drone Attack In UAE

Three Indians Injured In Drone Attack In UAE

Rediff.com4 May 2026

Three Indian nationals were injured in a drone attack on the Fujairah Petroleum Industries Zone (FOIZ) in the UAE. The UAE has condemned the attack, attributing it to Iran.

Petrol, diesel losses widen for OMCs; price hike likely post-elections

Petrol, diesel losses widen for OMCs; price hike likely post-elections

Rediff.com14 Apr 2026

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) are reportedly incurring losses of Rs 18 per litre on petrol and Rs 35 per litre on diesel, as they continue to absorb rising crude oil costs without increasing retail prices. This situation is leading to expectations of a fuel price hike after upcoming state elections.

India free to buy oil from any country, says Russia amid US claims

India free to buy oil from any country, says Russia amid US claims

Rediff.com4 Feb 2026

The Kremlin has stated that India is free to purchase oil from any country, dismissing claims that India agreed to reduce Russian oil imports. Russia maintains that energy trade with India benefits both nations and contributes to international energy market stability.

West Asia Conflict Deepens India's Economic Challenges

West Asia Conflict Deepens India's Economic Challenges

Rediff.com30 Apr 2026

Even if there is an early agreement on a cessation of hostilities in West Asia, the price shock will not go away easily, points out A K Bhattacharya.

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Moody's cuts India's FY27 growth forecast to 6% amid West Asia conflict

Rediff.com22 Apr 2026

Moody's Ratings has downgraded India's growth forecast for financial year 2026-27 (FY27) to 6 per cent from 6.8 per cent, attributing the revision to weaker consumption and industrial activity, elevated energy prices, and rising input costs stemming from the West Asia conflict.

Geopolitical Tensions, Rupee at Record Low Weigh on Market Sentiment

Geopolitical Tensions, Rupee at Record Low Weigh on Market Sentiment

Rediff.com5 May 2026

Indian benchmark indices Sensex and Nifty experienced a decline due to renewed geopolitical concerns in the Strait of Hormuz, a strained US-Iran ceasefire, and the rupee hitting a record low against the US dollar.

Amid US blockade, China asks Iran to keep Hormuz Strait open

Amid US blockade, China asks Iran to keep Hormuz Strait open

Rediff.com16 Apr 2026

Chinese Foreign Minister Wang Yi has urged Iran to guarantee freedom and safe passage through the Strait of Hormuz, a critical waterway for global oil trade, amid ongoing tensions with the US.

Recipe: Sakshi's Grated Karela With Coconut

Recipe: Sakshi's Grated Karela With Coconut

Rediff.com13 Apr 2026

Try making bitter gourd a different way -- grated, with onions and coconut adding extra body to the preparation.

US-Iran talks collapse, markets plunge on West Asia conflict fears

US-Iran talks collapse, markets plunge on West Asia conflict fears

Rediff.com13 Apr 2026

Indian benchmark stock indices, Sensex and Nifty, closed nearly 1 per cent lower following the collapse of US-Iran negotiations, which heightened concerns of a prolonged conflict in West Asia and drove crude oil prices sharply higher.

How AI Reveals Universal Patterns In Cooking Across Cultures

How AI Reveals Universal Patterns In Cooking Across Cultures

Rediff.com9 May 2026

A study by researchers at Indraprastha Institute of Information Technology Delhi (IIITD) has used artificial intelligence to analyse over 118,000 recipes from 26 cuisines, revealing statistical 'laws' that govern cooking across cultures.

India's services sector growth hits 5-month high in April

India's services sector growth hits 5-month high in April

Rediff.com6 May 2026

India's services sector growth reached a five-month high in April, with the HSBC India Services PMI Business Activity Index rising to 58.8, primarily driven by robust domestic demand and a shift from international to local suppliers amidst the West Asia crisis.

How AI Reveals Universal Patterns In Cooking Across Cultures

How AI Reveals Universal Patterns In Cooking Across Cultures

Rediff.com9 May 2026

A study by researchers at Indraprastha Institute of Information Technology Delhi (IIITD) has used artificial intelligence to analyse over 118,000 recipes from 26 cuisines, revealing statistical 'laws' that govern cooking across cultures.

'Mark Mobius Saw India's Rise Before Other Investors'

'Mark Mobius Saw India's Rise Before Other Investors'

Rediff.com17 Apr 2026

'Mark Mobius's life was dedicated to investing.'

Uncertainty Clouds US-Iran Talks As Ceasefire Nears End

Uncertainty Clouds US-Iran Talks As Ceasefire Nears End

Rediff.com21 Apr 2026

Uncertainty surrounds the US-Iran talks as a two-week ceasefire approaches its end. Pakistan is attempting to mediate, but tensions remain high after a recent naval incident.

Stock Markets Today: Sensex, Nifty50 Surge on US-Iran Talk Hopes

Stock Markets Today: Sensex, Nifty50 Surge on US-Iran Talk Hopes

Rediff.com15 Apr 2026

Indian equity benchmark indices Sensex and Nifty surged significantly in early trade, mirroring a global market rally and a drop in crude oil prices below USD 100 per barrel, driven by renewed hopes of diplomatic engagement between the US and Iran.

Trump orders US Navy to shoot and kill mine-laying boats in Hormuz

Trump orders US Navy to shoot and kill mine-laying boats in Hormuz

Rediff.com23 Apr 2026

US President Donald Trump on Thursday said that he has directed the country's Navy to take decisive action against any vessels attempting to lay mines in the strategically vital Strait of Hormuz amid escalating tension over the virtual control of the waterway between Tehran and Washington.

RIL's Q4 Profit Falls 12.5% Due to Energy Crisis, Jio Platforms Reports 13% Growth

RIL's Q4 Profit Falls 12.5% Due to Energy Crisis, Jio Platforms Reports 13% Growth

Rediff.com24 Apr 2026

Reliance Industries Ltd reported a 12.5 per cent fall in its March quarter net profit, primarily impacted by the global energy crisis affecting its oil and chemicals business, while its consumer-facing Jio Platforms unit saw a 13 per cent increase in profit after tax.

West Asia Conflict to Push India's Fiscal Deficit to 4.5% of GDP

West Asia Conflict to Push India's Fiscal Deficit to 4.5% of GDP

Rediff.com22 Apr 2026

India's fiscal deficit is projected to reach 4.5 per cent of GDP for the current fiscal year, exceeding the budgeted target, as the government's policy responses to the West Asia conflict are expected to strain public finances, according to research firm BMI.

India-bound LPG tanker safely passes through Strait Of Hormuz

India-bound LPG tanker safely passes through Strait Of Hormuz

Rediff.com3 May 2026

A tanker carrying liquefied petroleum gas (LPG) for India has successfully navigated the Strait of Hormuz and is en route to Visakhapatnam, India, carrying enough cargo to meet half a day's requirement for the country.

2 ships hit by gunfire in Strait of Hormuz, crews safe

2 ships hit by gunfire in Strait of Hormuz, crews safe

Rediff.com22 Apr 2026

Tensions escalate as Iranian forces attack a container ship in the Strait of Hormuz after Trump announced the ceasefire extension.

Indian tanker clears Hormuz; New Delhi raises concerns with Iran post attacks

Indian tanker clears Hormuz; New Delhi raises concerns with Iran post attacks

Rediff.com19 Apr 2026

India has raised concerns with Iran over the safety of merchant shipping after two vessels were fired upon in the Strait of Hormuz, prompting them to turn back.

Two months of West Asia war: Analysts see smallcap's outperformance continuing

Two months of West Asia war: Analysts see smallcap's outperformance continuing

Rediff.com29 Apr 2026

Despite geopolitical tensions and FII outflows, Indian small and midcap stocks have not only recovered losses but are also outperforming largecap indices, driven by attractive valuations, domestic institutional support, and a rebound in earnings.

Rupee plunges 52 paise to 93.35 against dollar amid West Asia uncertainties

Rupee plunges 52 paise to 93.35 against dollar amid West Asia uncertainties

Rediff.com13 Apr 2026

The Indian rupee depreciated by 52 paise to settle at 93.35 against the US dollar, driven by failed US-Iran peace talks, surging crude oil prices due to a potential US blockade of Iranian ports, and a global flight to the greenback. This geopolitical uncertainty is also leading to foreign capital withdrawal from domestic equities.

How RBI Fights Rupee Fall

How RBI Fights Rupee Fall

Rediff.com12 May 2026

The central bank is yet to consider actions such as a rate hike or mobilising dollar inflows from non-resident Indians to boost forex reserves as it cannot afford to continue with them for long when the rupee's internationalisation tops its agenda, explains Tamal Bandyopadhyay.

War resumes in Middle East? US-Iran trade fire, Trump says ceasefire...

War resumes in Middle East? US-Iran trade fire, Trump says ceasefire...

Rediff.com8 May 2026

US President Donald Trump maintains that the ceasefire with Iran is still in effect despite recent military engagements near the Strait of Hormuz. He also commented on a recent clash where US forces responded to Iranian attacks on US Navy destroyers.

India Yet To Plug EV Gap In Race With Asian Peers

India Yet To Plug EV Gap In Race With Asian Peers

Rediff.com24 Apr 2026

India's EV ecosystem is growing, but remains too underdeveloped to cushion a major oil supply shock.

India summons Iranian envoy after Hormuz firing incident

India summons Iranian envoy after Hormuz firing incident

Rediff.com18 Apr 2026

India summoned the Iranian envoy after two Indian vessels had to reverse course in the Strait of Hormuz following an incident of firing by Iran's Revolutionary Guards.

Stock Markets Today: Sensex, Nifty50 React to Global Cues as US-Iran peace talks fail

Stock Markets Today: Sensex, Nifty50 React to Global Cues as US-Iran peace talks fail

Rediff.com13 Apr 2026

Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday, with the 30-share BSE Sensex falling 1,613.09 points and the 50-share NSE Nifty plunging 495 points, as the failure of US-Iran negotiations heightened concerns of a prolonged conflict driving crude oil prices sharply higher. Track Sensex, Nifty50 movement and key market drivers for April 13, 2026.

Trinamool dares BJP after repoll order in Falta

Trinamool dares BJP after repoll order in Falta

Rediff.com3 May 2026

The TMC has challenged the BJP to win the Falta assembly seat in West Bengal, where a re-election has been ordered due to electoral offences. The TMC has dared the BJP to deploy its full resources, including top leaders and central forces, while expressing confidence in the electorate's support.