News for 'OIL'

1 Indian seafarer missing, 13 rescued as tanker hit near Oman; MEA condemns attack

1 Indian seafarer missing, 13 rescued as tanker hit near Oman; MEA condemns attack

Rediff.com13 Sep 2026

India has condemned an attack on a Panama-flagged oil tanker off the coast of Oman, which resulted in one Indian seafarer going missing and 13 others being rescued. The Ministry of External Affairs is closely monitoring the situation and coordinating with Omani authorities for search and rescue operations, while also reiterating calls for de-escalation and safe navigation in the region.

Carbon Majors' Past Emissions To Shape Earth's Future For Centuries

Carbon Majors' Past Emissions To Shape Earth's Future For Centuries

Rediff.com23 hours ago

A new study reveals that past emissions from major oil, gas, coal, and cement producers will continue to impact Earth's environment for centuries, even if emissions cease today. The research highlights that the planet will remain significantly warmer than pre-industrial levels, leading to persistent climate damages and increasing the likelihood of future extreme weather events, forming the basis for accountability lawsuits against these "carbon majors."

Indian Equities Extend Losses as West Asia Tensions Fuel Crude Oil Price Hike

Indian Equities Extend Losses as West Asia Tensions Fuel Crude Oil Price Hike

Rediff.com23 Jul 2026

Indian benchmark indices Sensex and Nifty extended their losses for the fourth consecutive session, with the Sensex declining 363.66 points and the Nifty dipping 126.65 points, primarily due to a sharp jump in Brent crude oil prices to USD 98.32 per barrel amid escalating tensions in West Asia.

Recipe: Rushichi Bhaji: A Traditional Festive Stew

Recipe: Rushichi Bhaji: A Traditional Festive Stew

Rediff.com7 days ago

Rishi Panchami Bhaji, also known as Rushichi Bhaji, is a traditional Maharashtrian and Konkan festive preparation made during Rishi Panchami, observed on the second day of Ganesh Chaturthi. The dish brings together seasonal vegetables, leafy greens and tubers, reflecting the simplicity and abundance of traditional cooking.

Stock Markets Today: Sensex Slips After Opening higher, Nifty Flat

Stock Markets Today: Sensex Slips After Opening higher, Nifty Flat

Rediff.com17 Sep 2026

Indian benchmark indices, Sensex and Nifty, traded marginally higher in early trade despite the US Federal Reserve's recent rate hike and indications of further tightening, with the National Stock Exchange's much-anticipated Rs 22,569-crore IPO also opening for subscription.

Global Uncertainty, Rising US Yields Drive FPIs to Withdraw Rs 13,138 Cr from Indian Equities

Global Uncertainty, Rising US Yields Drive FPIs to Withdraw Rs 13,138 Cr from Indian Equities

Rediff.com13 Sep 2026

Foreign Portfolio Investors (FPIs) withdrew Rs 13,138 crore from Indian equities in the first half of September, driven by heightened global uncertainty, rising crude oil prices, firm US bond yields, and a strong dollar, impacting risk appetite.

Jaishankar meets Rubio at UNGA, shares concerns on sanctions bill

Jaishankar meets Rubio at UNGA, shares concerns on sanctions bill

Rediff.com1 days ago

External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio on the sidelines of the UN General Assembly session in New York. India raised its concerns regarding the recently signed "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," which authorises tariffs on countries buying Russian oil and gas. Both leaders also discussed bilateral relations, regional priorities, and the situations in the Gulf and Ukraine.

India's exports jump over 26% in August; trade gap shrinks to five-month low

India's exports jump over 26% in August; trade gap shrinks to five-month low

Rediff.com16 Sep 2026

India's exports saw a significant increase of 26.12 per cent to USD 43.81 billion in August, leading to a narrowed trade deficit of USD 26.86 billion, driven by strong demand from key global markets and diverse sectors.

RBI likely to hike rates by 50 bps as inflation breaches tolerance band

RBI likely to hike rates by 50 bps as inflation breaches tolerance band

Rediff.com16 Sep 2026

Economists widely anticipate the Reserve Bank of India's Monetary Policy Committee will increase the repo rate by 50 basis points, likely split between the October and December meetings, as retail inflation is projected to peak at 6.1 per cent in the third quarter, exceeding the RBI's tolerance limit.

Stock Markets Today: Sensex, Nifty Tumble as Crude Nears $100/barrel

Stock Markets Today: Sensex, Nifty Tumble as Crude Nears $100/barrel

Rediff.com9 Sep 2026

Indian stock markets, including the Sensex and Nifty, experienced a significant tumble in early trade, driven by escalating tensions in West Asia that pushed crude oil prices close to the USD 100-per-barrel mark, alongside selling in IT stocks and fresh foreign fund outflows.

Wholesale Inflation Hits 9.92% in August, Driven by Food, Fuel, Manufactured Goods

Wholesale Inflation Hits 9.92% in August, Driven by Food, Fuel, Manufactured Goods

Rediff.com14 Sep 2026

India's wholesale price-based inflation (WPI) increased to 9.92 per cent in August, up from 9.78 per cent in July, primarily due to rising prices across food, manufactured items, and fuel and power sectors.

Trump backs India-Middle East-Europe corridor amid Iran war

Trump backs India-Middle East-Europe corridor amid Iran war

Rediff.com1 days ago

US President Donald Trump has expressed strong support for the India-Middle East-Europe Economic Corridor (IMEEC), citing the necessity to move energy infrastructure away from Iranian checkpoints following attacks in West Asia. He made these remarks during a multilateral meeting with the Gulf Cooperation Council at the UN General Assembly, emphasising the corridor's role in overcoming regional challenges.

Honeymoon horror: Woman tourist suffers 60% burns at Darjeeling homestay

Honeymoon horror: Woman tourist suffers 60% burns at Darjeeling homestay

Rediff.com5 days ago

Four individuals, including the homestay owner, have been arrested in Darjeeling after a young woman tourist sustained severe burn injuries during a barbecue session. The incident, which occurred due to a liquid being poured onto the grill, has led to allegations of negligence and inadequate safety measures by the victim's family.

Traders call for 'No UPI Day' on October 2 to protest new MDR levy

Traders call for 'No UPI Day' on October 2 to protest new MDR levy

Rediff.com1 days ago

Trade and business associations across India are organising a 'No UPI Day' on October 2 to protest the upcoming 0.4 per cent merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions exceeding 2,000, effective from October 15.

Stock Markets Today: Sensex, Nifty Up on Easing West Asia Tensions, Drop in Crude Oil Prices

Stock Markets Today: Sensex, Nifty Up on Easing West Asia Tensions, Drop in Crude Oil Prices

Rediff.com27 Jul 2026

Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, driven by a sharp decline in crude oil prices and easing geopolitical tensions in the West Asia, which improved market sentiment and reduced inflation fears. Track Sensex, Nifty on July 27.

MT El Gaia attack: India reiterates safe navigation in international waters

MT El Gaia attack: India reiterates safe navigation in international waters

Rediff.com15 Sep 2026

India on Tuesday reiterated the call for free and safe navigation in international waters and the unhindered flow of commerce through international waterways in the region after the Panama-flagged commercial vessel MT El Gaia came under attack off the coast of Oman, with 13 of the 14 Indian nationals on board rescued while search operations are underway for one missing seafarer.

Recipe: Shubhda's Crispy Brinjal Bhajiyas

Recipe: Shubhda's Crispy Brinjal Bhajiyas

Rediff.com9 Sep 2026

Monsoon Clouds+Food Cravings=Pakora Time. Yay! While onion and potato bhajiyas often steal the spotlight, a humble vegetable can make an equally delicious fritter -- the eggplant, whuch we call baingan or brinjal.

At UNGA, Iran Prez challenges Trump with photo from Minab

At UNGA, Iran Prez challenges Trump with photo from Minab

Rediff.com1 days ago

Iranian President Masoud Pezeshkian delivered a strong address at the UN General Assembly, rejecting US allegations against Iran and accusing Washington and Israel of aggression and terrorism. He criticised US sanctions, defended Iran's peaceful nuclear programme, and highlighted the Palestinian issue.

Iran fires 'several ballistic missiles' at US aircraft carrier

Iran fires 'several ballistic missiles' at US aircraft carrier

Rediff.com6 Sep 2026

Iran's Islamic Revolutionary Guard Corps (IRGC) Aerospace Force claimed to have fired several ballistic missiles at a US aircraft carrier and a destroyer, alleging the warships were harassing Iranian ships and participating in a naval blockade.

Stock Markets Today: Sensex, Nifty Tumble, HDFC Bank, Oil Spike Hurt Sentiments

Stock Markets Today: Sensex, Nifty Tumble, HDFC Bank, Oil Spike Hurt Sentiments

Rediff.com20 Jul 2026

Indian benchmark indices Sensex and Nifty experienced a significant tumble in early trade, primarily driven by heavy selling in HDFC Bank following its quarterly earnings and a sharp spike in Brent crude oil prices due to escalating tensions between the US and Iran. Track Sensex, Nifty

Iran claims US submarine capture after America sinks 5 tankers

Iran claims US submarine capture after America sinks 5 tankers

Rediff.com9 Sep 2026

Iran's Islamic Revolutionary Guard Corps (IRGC) claims to have captured a US unmanned submersible near the Strait of Hormuz and launched ballistic missile strikes against a US airbase in Jordan and two US Navy destroyers. These actions are stated as retaliation for recent US attacks on Iranian oil tankers. The US Central Command (CENTCOM) had previously reported destroying Iranian crude oil carriers after IRGC missile attacks on US warships. The escalating tensions have led to regional air defence activations and warnings to tanker crews.

Stock Markets Today: Sensex, Nifty Tumble as Crude Oil Breaches $100

Stock Markets Today: Sensex, Nifty Tumble as Crude Oil Breaches $100

Rediff.com24 Jul 2026

Indian benchmark indices Sensex and Nifty experienced a significant decline in early trade, with the Sensex falling over 500 points and the Nifty over 150 points, as Brent crude oil prices surged past USD 100 per barrel due to escalating geopolitical tensions in the West Asia. track sensex, Nifty on July 24.

Stock Markets Today: Sensex, Nifty Dip as West Asia Conflict, US Rate Hike Concerns Weigh

Stock Markets Today: Sensex, Nifty Dip as West Asia Conflict, US Rate Hike Concerns Weigh

Rediff.com7 Sep 2026

Indian benchmark indices, Sensex and Nifty, experienced declines in early trade due to elevated crude oil prices, escalating US-Iran hostilities, and renewed concerns over a potential US interest rate hike.

Sensex, Nifty decline as West Asia conflict, US rate hike concerns weigh on investor sentiment

Sensex, Nifty decline as West Asia conflict, US rate hike concerns weigh on investor sentiment

Rediff.com7 Sep 2026

Indian benchmark indices, Sensex and Nifty, closed lower on Monday due to elevated crude oil prices, escalating US-Iran hostilities, and concerns over a potential US interest rate hike, impacting investor sentiment.

Ganeshotsav 2026: Bappa Leaves You Spellbound

Ganeshotsav 2026: Bappa Leaves You Spellbound

Rediff.com1 days ago

Lord Ganesha comes in various forms and each one lives in your heart. Enjoy these pictures from Rediff readers.

Sensex, Nifty Extend Losses as Geopolitical Concerns, Crude Prices Weigh

Sensex, Nifty Extend Losses as Geopolitical Concerns, Crude Prices Weigh

Rediff.com8 Sep 2026

Indian stock market benchmark indices Sensex and Nifty recorded their second consecutive day of decline, with the Sensex dropping 555.23 points and the Nifty falling 144.05 points, primarily due to rising crude oil prices and ongoing US-Iran hostilities in West Asia.

On Sep 8, rupee suffers sharpest decline in eight weeks

On Sep 8, rupee suffers sharpest decline in eight weeks

Rediff.com9 Sep 2026

The Indian rupee experienced its sharpest single-day decline in eight weeks, settling at 94.83 per dollar, primarily due to escalating crude oil prices and persistent risk-off sentiment driven by heightened geopolitical tensions and limited foreign inflows.

Sensex tanks 777.94 points to settle at 74,003.82

Sensex tanks 777.94 points to settle at 74,003.82

Rediff.com15 Sep 2026

Indian benchmark indices, Sensex and Nifty, saw early gains driven by strong buying in IT stocks like HCL Tech, Tech Mahindra, TCS, and Infosys, alongside a significant boost from HDFC Bank.

Why 9/11 Still Matters

Why 9/11 Still Matters

Rediff.com11 Sep 2026

On the 25th anniversary of that world-changing morning in New York, it is also for the rest of to reflect. Not only on those who were killed but also on why the event happened and what led to it and what came after it, asserts Aakar Patel.

Moody's upgrades India's FY27 GDP growth to 7%, warns of crude, El Nino inflation

Moody's upgrades India's FY27 GDP growth to 7%, warns of crude, El Nino inflation

Rediff.com7 days ago

Moody's Ratings has sharply increased India's GDP growth forecast for fiscal 2026-27 to 7 per cent, making it the fastest among G20 economies, driven by economic resilience despite the Middle East conflict. However, the agency flagged significant inflation risks stemming from elevated oil prices and potential El Nino disruptions.

Indian Markets Tumble as West Asia Tensions Drive Oil Prices Higher

Indian Markets Tumble as West Asia Tensions Drive Oil Prices Higher

Rediff.com14 Jul 2026

Indian benchmark indices, Sensex and Nifty, experienced a significant downturn as escalating tensions in West Asia led to a sharp surge in crude oil prices, coupled with fresh foreign fund outflows and a weakening rupee.

Recipe: Eggs With Potato Hash And Walnut Pesto

Recipe: Eggs With Potato Hash And Walnut Pesto

Rediff.com7 Sep 2026

Golden, seasoned potatoes are topped with an egg to your liking and a dollop of fresh walnut basil pesto for a tasty start to your day.

BPCL, HPCL Report Huge Q1FY27 Losses Due to High Crude Oil Prices

BPCL, HPCL Report Huge Q1FY27 Losses Due to High Crude Oil Prices

Rediff.com23 Jul 2026

State-owned refiners Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have reported substantial losses for the first quarter of financial year 2026-27 (Q1FY27), primarily driven by a sharp increase in crude oil prices exacerbated by the ongoing West Asia crisis and suppressed marketing margins on petroleum products.

Sensex, Nifty tank nearly 1% as crude oil prices surge and bank stocks face selling pressure

Sensex, Nifty tank nearly 1% as crude oil prices surge and bank stocks face selling pressure

Rediff.com22 Jul 2026

Indian benchmark indices Sensex and Nifty tumbled nearly 1 per cent for the third consecutive day, driven by a sharp spike in crude oil prices and significant selling in bank stocks, with Brent crude jumping to USD 95.27 per barrel.

Gulf war simmers again: Houthi advance puts Saudi on edge

Gulf war simmers again: Houthi advance puts Saudi on edge

Rediff.com14 Sep 2026

Fighting in Yemen has intensified as Houthi rebels advance on strategic government-held areas like Marib and Taiz, putting pressure on Saudi Arabia to respond. The conflict is also linked to wider US-Iran tensions affecting shipping in the Strait of Hormuz, with former US President Trump commenting on the situation.

Criticism Of RBI's Swap Scheme Is Uncalled For

Criticism Of RBI's Swap Scheme Is Uncalled For

Rediff.com16 Sep 2026

It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.

Indian Stock Markets End Flat Amid West Asia Tensions, Rising Oil Prices

Indian Stock Markets End Flat Amid West Asia Tensions, Rising Oil Prices

Rediff.com13 Jul 2026

Indian benchmark indices Sensex and Nifty closed largely flat on Monday, recovering from early losses, as escalating tensions in West Asia and a sharp rally in crude oil prices weighed on investor sentiment, despite resilience in IT and consumer durables stocks.

What Xi was served at White House state dinner

What Xi was served at White House state dinner

Rediff.com14 hours ago

President Donald Trump is hosting a lavish state dinner for Chinese President Xi Jinping at the White House. The event, meticulously prepared by First Lady Melania Trump, features a unique blend of American and Chinese culinary traditions, a historic toast, and a star-studded guest list including top tech and business leaders. The evening will also include musical performances and decor reflecting Chinese cultural significance.

The Vvaan Review: Part Harmless, Part Tedious

The Vvaan Review: Part Harmless, Part Tedious

Rediff.com2 hours ago

The Vvaan weaves an old-fashioned yarn of spiritual beliefs against a theme of folklore horror that detours into an action-packed, bombastic Telugu supernatural territory concluding in a part harmless, part tedious watch, notes Sukanya Verma.

Discounts drive Russian oil imports to new high

Discounts drive Russian oil imports to new high

Rediff.com23 Jun 2026

India's crude oil imports from Russia reached a record high of approximately 2.73 million barrels per day (mbpd) in June, driven by discounts of $2-5 a barrel. This surge comes as the West Asia crisis disrupted supplies from traditional sources and China reduced its own purchases, leading Russia to offer more favourable terms to India.