Crude Oil

Crude Oil News

The world's most actively traded commodity, with prices set by global supply, demand, and OPEC+ policy.

What is Crude Oil?

Crude oil is unrefined petroleum extracted from underground reservoirs. Two benchmark grades dominate global pricing: WTI (West Texas Intermediate) — light, sweet, US-produced; and Brent — North Sea-sourced, slightly heavier, used for ~two-thirds of world oil pricing. Refined products include gasoline, diesel, jet fuel, and petrochemicals.

Why it matters for investors

Oil prices flow through to inflation (transportation, manufacturing), corporate earnings (energy sector, airlines, materials), trade balances (oil-exporting vs. importing countries), and geopolitics (Middle East, Russia, Venezuela). For India, China, Japan, and Germany — large oil importers — sustained price moves directly impact current accounts and inflation.

Frequently asked questions

What's the difference between WTI and Brent?

WTI is the US benchmark; Brent is the global benchmark. WTI is slightly lighter and sweeter. Brent typically trades $2-5/barrel above WTI when global supply tightens or US production surges.

Who controls oil prices?

OPEC+ (OPEC plus Russia and other allies) manages supply for ~40% of global production. The US is the largest single producer. Demand is driven by China, US, India, Europe.

How does oil affect inflation?

Oil flows through to CPI via gasoline, diesel, heating oil, jet fuel, and petrochemical inputs to consumer goods. A sustained $20/barrel rise typically adds 0.5-1% to headline CPI in oil-importing economies.

🇮🇳 India

India Fuel Prices Unchanged Sept 19 as Global Crude Volatile; US Diesel Hits Record $6.49

India's petrol and diesel retail prices held unchanged in Delhi, Mumbai, Kolkata, and Chennai on September 19, despite global crude price volatility

Sep 20, 2026

🇰🇷 South Korea

Saudi Aramco Halts October Europe Oil Supply After Pipeline Attack; Anthropic Delays IPO to November

Saudi Aramco notified at least two European refiners it would not deliver crude in October after an attack on a pipeline feeding the Red Sea route.

Sep 19, 2026

🇮🇳 India

India's Russian Crude Imports Fall in August as Unattributed Flows Mask True Supply Mix

India's official Russian crude import volumes dropped in August while unattributed oil shipments surged simultaneously.

Sep 19, 2026

🇺🇸 United States

Paramount Stake Sale, Disney CTO Hire, and Oil-Rate Surge Dominate US Market Session

Paramount Global agreed to sell a significant stake, extending the strategic restructuring of the media conglomerate.

Sep 19, 2026

🇩🇪 Germany

Italy Deploys Frigate in Bab al-Mandab as Iran Conflict Drives China-US Freight Rates Higher

Italy deploys naval frigate to escort cargo ships through Bab al-Mandab amid Iran war escalation; China-to-US freight rates rising as Middle East shipping disruption intensifies.

Sep 19, 2026

🇩🇪 Germany

German Coalition Negotiates Emergency Fuel Relief as Spritpreise Climb to Consumer Pain Point

Germany's coalition government is negotiating fuel price relief with Vice Chancellor signaling a 'quick signal' as Spritpreise climb; potential Tankrabatt-style intervention discussed.

Sep 19, 2026

Commodities

Macron Calls Emergency G7 Meeting for Another Oil Reserve Release as Europe Loses Saudi Supply

French President Macron is pushing the G7 to coordinate another emergency oil reserve release as Europe faces dual pressure from lost Saudi crude deliveries and diesel prices hitting record levels.

Sep 19, 2026

🌐 Global

Saudi Aramco Zeros October European Crude Allocations as Pipeline Damage Forces Gulf Rerouting

Saudi Aramco has told all European term customers they will receive zero crude oil in October, Bloomberg reported, applying to all European term buyers without exception.

Sep 19, 2026

🇯🇵 Japan

Oil Above $100 Sparks Global Anger and Political Instability as Energy Crisis Deepens

Crude oil prices have broken above $100 per barrel following conflict in the Middle East, driving fuel shortages and economic pain globally

Sep 19, 2026

🇸🇬 Singapore

AirAsia's Fernandes Denies Rescue Reports, Says Airline Can Withstand Fuel Cost Spike

AirAsia CEO Tony Fernandes denied media reports that the Malaysian government was seeking rival airlines to help rescue the carrier

Sep 19, 2026

🌐 Global

Yen Weakens After BOJ Rate Hike as Oil Prices Extend Decline

The Japanese yen fell after the Bank of Japan delivered a rate hike, defying typical currency appreciation expectations

Sep 19, 2026

🇸🇬 Singapore

European Equities Climb After Fed Rate Decision as Metal Mining Leads and Oil Retreats

European equities rose after the Fed's rate hike as metal mining led gains, oil prices eased, and bond yields stabilised.

Sep 18, 2026

🇸🇬 Singapore

Tech Leads Wall Street to Higher Close as Oil Eases and Treasury Yields Dip

US stocks closed higher on tech-sector leadership as oil eased and Treasury yields dipped, signaling renewed risk appetite.

Sep 18, 2026

🌐 Global

China's August Fuel Exports Surge 12.7% as Global Diesel Shortage Deepens

China exported 6.01M tons of refined fuels in August (+12.7% YoY), with jet fuel at an all-time high, as Beijing eased quotas.

Sep 18, 2026

🇸🇬 Singapore

US Dollar Eases From Peak as Oil Prices Fall and Markets Await Bank of Japan Policy Signal

The US dollar eased from recent highs as oil prices extended their decline following progress reports on repairing Saudi Arabia's East-West pipeline

Sep 18, 2026

🇮🇳 India

Gold Recovers and Crude Stays High in India as Fed Rate Hike and Middle East Tensions Squeeze Imports

Gold is recovering and crude oil remains above Rs 9,593 per barrel in India, with both commodity moves driven by the Federal Reserve's rate hike and Middle East pipeline disruptions

Sep 18, 2026

🇮🇳 India

Iran Invokes Hormuz Equation to Mock Fed's 25 Bps Rate Hike, Highlighting Oil Supply Limits of Monetary Policy

Iran issued a geopolitical rebuke to the US Federal Reserve's rate hike, posting an equation linking the Hormuz Strait chokepoint to monetary policy limitations

Sep 18, 2026

🇩🇪 Germany

German Petrol and Diesel Prices Hit Records as Energy Cost Surge Tests Consumer Spending Power

German fuel prices have reached record highs for both petrol and diesel, marking a new peak in European energy cost escalation

Sep 18, 2026

🇸🇬 Singapore

UOB Kay Hian Cuts Singapore Airlines to 'Sell' as Jet Fuel Prices Near All-Time High

UOB Kay Hian (UOBKH) downgraded Singapore Airlines (SIA) to 'sell' citing surging jet fuel prices approaching all-time highs

Sep 18, 2026

🇸🇬 Singapore

Wall Street Bounces After Fed Rate Hike as Oil Eases; Nvidia and Amazon Gain 2%

US equity markets climbed following the Fed rate hike as easing oil prices reduced near-term inflation concerns, with Nvidia and Amazon each gaining nearly 2%

Sep 17, 2026

🇺🇸 United States

Crude Oil Plunges as Fed Hike Signals Demand Slowdown and Saudi STS Transfers via Oman Inject Supply Uncertainty

Crude oil plunges as Fed hike signals demand slowdown risk and Saudi STS transfers via Oman raise supply opacity

Sep 17, 2026

🇺🇸 United States

United and American Airlines Warn Fuel Surge May Force Q4 Capacity Cuts as Margin Pressure Mounts

United Airlines and American Airlines warn jet fuel cost surge may require additional Q4 capacity reductions

Sep 17, 2026

🇦🇺 Australia

Australia Fuel Supply Crunch Hits Independent Distributors at East-Coast Ports

Independent fuel distributors in Australia are struggling to access normal petrol and diesel volumes at east-coast port terminals

Sep 17, 2026

🇦🇪 UAE / MENA

Dollar Surges to Seven-Week High Post-Fed Hike, Eases as Oil Supply Fears Fade

U.S. dollar climbed to a seven-week high after the Fed raised interest rates, reaffirming its inflation fight

Sep 17, 2026

🌐 Global

Chinese Oil Prices Hit Record High as Saudi Pipeline Attack Exhausts Beijing's Reserve Buffer

Chinese oil prices hit record highs after attacks on a Saudi pipeline disrupted supply expectations

Sep 17, 2026

🇸🇬 Singapore

Wall Street Falls as Oil Spikes and 10-Year Treasury Yield Breaches 5%

All three major US indices — S&P 500, Nasdaq 100, and Dow Jones — closed lower on Wednesday's session

Sep 16, 2026

🇸🇬 Singapore

European Shares Hit Three-Month Low as Oil Spike Revives Inflation Fears

European shares fell to a three-month low as an oil price spike revived inflation and interest rate fears

Sep 16, 2026

🇩🇪 Germany

Europe Grapples With Record Gasoline Prices — Four Policy Strategies Compared

European gasoline prices have hit another record high, prompting governments to experiment with intervention strategies

Sep 16, 2026

🇮🇳 India

Indian Rupee at 3-Month Low as Brent at $108, US Yields Breach 5% — RBI Intervenes

Indian rupee hit its weakest level in three months as Brent crude surged past $108 per barrel on Tuesday

Sep 16, 2026

🇮🇳 India

Dow Jones Drops 300 Points as 94% Fed Rate-Hike Probability Weighs on Global Equities

Dow Jones Industrial Average fell another 300 points as CME FedWatch showed a 94% probability of a Fed rate hike

Sep 16, 2026