Commodity Radar: Crude oil in bearish trend. Expert suggests sell on rise for this target

 23 Jul 2025 03:32 PM

Crude oil futures remained range-bound on Wednesday amid weak global cues, trade tensions, and soft demand outlook. Analysts expect a bearish trend to persist despite temporary spikes, with MCX prices likely to stay within the ₹5,500–₹5,800 band

Ambani’s Reliance in focus as EU warns refiners using Russia oil

 23 Jul 2025 02:55 PM

Reliance Industries is under scrutiny after the EU’s new diesel sanctions targeting Russian crude. The company recently bought Abu Dhabi’s Murban crude in a rare move and is reportedly exploring alternatives to Russian oil, which accounts for nearly half its imports. With Europe buying a fifth of Reliance’s fuel exports, the shift may impact sourcing and costs.

Reliance Industries:' Oil Buying Habits Face Investigation Following New EU Rules on Diesel From Russian Crude. 🛢️🔍

 23 Jul 2025 02:30 PM

Reliance Industries:' Oil Buying Habits Face Investigation Following New EU Rules on Diesel From Russian Crude. 🛢️🔍

European, Japan stocks surge after US-Japan trade deal

 23 Jul 2025 01:34 PM

European shares saw a rise on Wednesday. This was due to optimism about a possible trade deal between the European Union and the United States. Japan and the U.S. have already agreed to lower tariffs on autos. UK shares reached a record high. U.S. and Chinese officials will meet to discuss trade negotiations. Oil prices also saw a slight increase.

Oil shippers, traders avoid EU-sanctioned Nayara Energy

 23 Jul 2025 11:23 AM

Following EU sanctions, shipowners and oil traders are increasingly avoiding Russia-backed Nayara Energy, leading to logistical disruptions. Several tankers, including the Talara and Chang Hang Xing Yun, have altered their courses, canceling planned cargo pickups from Vadinar port. This hesitation raises concerns about broader impacts on trading and financing for the Indian refiner, in which Rosneft holds a significant stake.

Oil Edges Higher With Progress of US Trade Talks in Spotlight

 23 Jul 2025 10:31 AM

Oil edged higher as investors monitored progress on tariff talks between the US and its key trade partners.

Energy stocks unlikely to rally without crude surge: Anand Tandon

 23 Jul 2025 10:19 AM

Anand Tandon suggests limited near-term movement in the energy sector, favoring grid infrastructure investments over oil and solar. While geopolitical tensions and Russian oil sanctions exist, their impact is mitigated by weak global demand and refined product re-exports. Tandon highlights rare earth metals, dominated by China, as a more pressing long-term strategic risk.

Rupee falls 2 paise to 86.40 against US dollar in early trade

 23 Jul 2025 10:02 AM

The rupee weakened to 86.40 against the US dollar due to foreign fund outflows and rising crude oil prices, despite positive domestic equity market sentiment. The dollar strengthened following a US-Japan trade deal, while investors await the outcome of India-US trade talks amid concerns about potential tariff hikes for Indian exporters. Sensex and Nifty saw gains, but FIIs offloaded equities.

Oil rises on Japan trade deal and stronger demand indicated by US inventories

 23 Jul 2025 07:17 AM

Oil prices experienced a slight rebound in early trading on Wednesday, halting a three-day decline. This stabilization followed a U.S.-Japan trade agreement signaling tariff progress and a Reuters poll indicating a decrease in U.S. crude stockpiles, suggesting increased demand. Furthermore, potential U.S. sanctions on Russian oil to address the Ukraine conflict added bullish sentiment to the market.

‘Existential issues not just Europe’s concern’: India counters Western pressure on Russian oil

 22 Jul 2025 05:34 PM

India prioritises energy security, emphasising the need for a clear global energy market perspective without double standards, according to Foreign Secretary Vikram Misri. This statement follows EU sanctions targeting Russia's energy sector, including restrictions on the Vadinar refinery.