Himachal Pradesh CM Sukhvinder Singh Sukhu received a suicide bomb threat via email ahead of Republic Day. Investiagtion underway in the matter. Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu received a death threat on Wednesday ahead of Republic Day
US President Donald Trump on Wednesday mocked French President Emmanuel Macron for wearing sunglasses indoors during his address at the World Economic Forum (WEF) in Davos, Switzerland. While speaking at the forum, the American leader said, “Emmanuel Macron
Yoane Wissa does not have to look too far for inspiration. Alan Shearer, Jackie Milburn, Andy Cole, Malcolm Macdonald and Les Ferdinand are just some of the prolific strikers who have worn Newcastle United's iconic number nine shirt. Wissa is the latest in a long line to inherit it
AIMIM Corporator Sahar Shaikh issued a clarification over her controversial “paint Mumbra green" remark, which sparked a furore, saying it was being wrongly given a communal colour and was intended purely in a political sense. The 22-year-old first-time corporator said that she only spoke
Arne Slot has good memories in Marseille. It was here in 2022 when his Feyenoord side held on to secure a place in the Europa Conference League final. On the eve of this week's game in the bowels of the Stade Velodrome, he was asked about those memories
The IPL 2026 is expected to get underway from March 26, but the schedule hasn't been decided yet. The IPL 2026 season is expected to get underway on March 26, with the final scheduled for May 31, although the complete fixture list is yet to be finalised
Private equity-backed digital engineering services (DES) firms have accelerated their shift towards higher valuations driven by acquisitions, according to a new report from Avendus Capital, estimating the number of companies with $100 million in revenue, currently around 100
For more than a decade, Tejinder Singh Virk, a farmer in Uttarakhand's Udham Singh Nagar district, had been planting paddy twice in the year. First, in February, he would grow saplings in his nursery for about 25 days, before transplanting them to his 20-acre farm adjacent to it
Oil Prices Ease Again: Why India Has Reason To Smile Despite Global Tensions
Oil Prices Ease Again: Why India Has Reason To Smile Despite Global Tensions
Falling crude prices driven by oversupply and easing Iran tensions offer relief to India's economy, inflation and fuel costs despite global uncertainty.
New Delhi: Crude oil prices have once again softened in global markets. The immediate trigger has been the easing of fears around a possible US military strike on Iran. With that risk fading, prices that had climbed to multi-month highs have begun to cool.
Market watchers now say the bigger story lies elsewhere. Oil supply is far higher than demand. That imbalance is influencing prices far more than wars or political flashpoints. In recent weeks, Brent crude and WTI had surged, briefly defying predictions of a slowdown this year. Traders were torn between geopolitical risks and market fundamentals. That confusion has now cleared.
Most analysts agree that the oil market is awash with supply. Even major investment banks have changed their outlook. Forecasts for 2026 have been revised downward, with expectations of further price softness.
Add Zee News as a Preferred Source
For India, which imports the bulk of its oil needs, this trend brings relief. The earlier spike was because of indications from Washington that a military option against Iran was not off the table. That mood changed as indications emerged that tensions inside Iran were easing. As the threat of conflict receded, oil prices began to fall. The slide has continued since.
The message from the market is excess supply is in control. No single event is strong enough to reverse that direction.
Global energy agencies continue to project rising supply in the months ahead. This is happening even as oil producers have paused earlier efforts to cut output. Production restraints introduced in 2022 to support prices are no longer tightening the market. The flow of crude is constant and abundant.
For India, this change has direct benefits. The country is the world's third-largest consumer of oil and depends on imports for nearly nine-tenths of its needs. Global crude prices touch every part of the Indian economy. When oil becomes expensive, the import bill swells, demand for dollars rises, the rupee comes under pressure, government finances feel the strain, transport costs climb, everyday goods become costlier and industries such as aviation, tyres and paints face higher expenses. Equity markets feel the stress as margins shrink.
Lower oil prices reverse that pressure. A global supply glut and falling rates act like an economic cushion. If crude stays near the range of 50 to 60 dollars a barrel, fuel prices at home can ease, inflation cools, the government gains more room to spend on infrastructure and development, foreign exchange reserves face less strain and savings at the national level grow.
The supply-demand picture explains the trend. Global oil inventories are expected to rise through 2026. Estimates point to excess supply of more than two million barrels a day. Prices need to stay lower to restore balance. Slower growth in non-OPEC production and stronger demand may follow only after prices adjust. This outlook holds unless a major supply disruption appears or producers cut output.
Other developments are adding layers to the story. Increased US influence over Venezuelan oil exports has added fresh barrels to the market. Sales have already begun, with more expected. This has reinforced the downward mood. At the same time, caution is over how fast Venezuela can restore production capacity.
Concerns have also surfaced around supply routes. Drone attacks on oil tankers in the Black Sea have raised alarms. Disruptions linked to pipelines and transport corridors have drawn attention. Reports suggest oil output in parts of Central Asia dipped drastically after recent strikes. Appeals have gone out to protect shipping routes and ensure steady flows.
Europe, meanwhile, is preparing to tighten its price cap on Russian oil. The aim is to reduce Moscow's revenue by linking insurance coverage to lower price thresholds. A new cap is set to come into force next month. Earlier limits caused limited damage. Policymakers still see this tool as a way to apply pressure over the Ukraine conflict.
Despite all this noise, the direction of oil prices is decided by surplus. For India, that surplus brings breathing space. In a world full of uncertainty, cheaper oil offers rare economic comfort.
Source: ZeeNews
Related Posts: Silver Prices Jump 22% In January Gold and Silver Prices Outlook Hiring woes and 'super high' prices Selective targeting of India for buying Russian oil unfair and unjustified National Anthem Insulted Yet Again India Has Stopped Buying Russian Oil Tamil Nadu governor walks out of Assembly again Has India stopped buying Russian oil Luka Magic, Yet Again How Spiritual Tourism Is Fueling Real Estate Prices In Tier 2-3 Cities
During a fan interaction event, a lifelong RCB supporter asked Mahendra Singh Dhoni about the historic triumph and how he felt witnessing it. Royal Challengers Bengaluru finally ended their long wait by winning their maiden IPL title after 18 years
Just now
Remember Dhoom Actress Rimi Sen: After successful Bigg Boss stint, she also did dance celebrity reality show, Jhalak Dikhhla Jaa 9 as a wild card entrant. Meet Actress Rimi Sen: Social media is a abuzz with latest update about none other than actress Rimi Sen. Remember the Dhoom star
Just now
Donald Trump voiced confidence in an India-US trade deal, praising Narendra Modi, as officials signal progress despite tariff tensions, conflicting claims, and ongoing negotiations over a bilateral trade agreement talks. US President Donald Trump on Wednesday expressed full confidence over the
Just now
Abhishek Sharma's explosive 84 powered India to a 48-run victory over New Zealand in the first T20I. Sharma's blistering 35-ball innings, featuring eight sixes, set a formidable target of 238. Despite Glenn Phillips' rapid 78, New Zealand fell short, finishing at 190-7
Just now
![Bengaluru (Karnataka) [India], January 22 (ANI): Defending champions Royal Challengers Bengaluru have kept their doors open to play their home Indian Premier](http://newsorbit360.com/files/news/en/imgs/chinnaswamy-in-line-to-host-royal-challengers-bengalurus-home-games-du.webp?height=520)
Bengaluru (Karnataka) [India], January 22 (ANI): Defending champions Royal Challengers Bengaluru have kept their doors open to play their home Indian Premier League (IPL) 2026 matches at the M. Chinnaswamy Stadium, according to ESPNcricinfo on Wednesday.Bengaluru (Karnataka) [India]
Just now
Kerala Chief Minister Pinarayi Vijayan on Wednesday said that India must not accept the United States' invitation to join its proposed Board of Peace, which Washington has described as a global initiative to resolve conflicts, initially focusing on Gaza
Just now
SIR in Bengal: The Election Commission (EC) has sought a report from the West Bengal chief secretary within 72 hours on action taken against four state government officials accused of illegally adding names to voter lists in two districts, a senior official of the poll body told news agency PTI
Just now
Take a look inside the first Vande Bharat Sleeper train on the Howrah-Kamakhya route. Watch the viral video of the 1AC "Smart Glass" and learn why passengers are debating "civic sense" after new clips show littering onboard. Vande Bharat, whose name has long been associated with luxury during the
Just now
India is set to implement the SHANTI Act and its accompanying rulebook for nuclear energy within three months, aiming to transform the sector by opening it to private and non-government entities. Minister Jitendra Singh highlighted growing international interest, including from the US
Just now
The 2026-27 Union Budget is set to be presented in Parliament at a time when the global order faces serious instability since the Second World War. Rising military risks and security threats have pushed defence preparedness and self-reliance to the centre of India's priorities
Just now
CEOs express more confidence in their own companies than the global economy, despite a dip in overall sentiment due to geopolitical and economic uncertainty. Leaders are prioritizing internal improvements, innovation, and technology adoption, particularly AI
Just now
Mumbai's Atal Setu: What is the toll relief? How much is the discount and for which vehicles? What are the toll rates? What is the plan for NMIA-Coastal Road link? All details A day after the Brihanmumbai Municipal Corporation (BMC) election results were announced
Just now
Union Minister of State for Social Justice and Empowerment Ramdas Athawale on Wednesday suggested that Kerala Chief Minister Pinarayi Vijayan join the BJP-led National Democratic Alliance (NDA) ahead of the state Assembly elections. Athawale said the move would be “revolutionary" and could
Just now
Digital payments company PhonePe filed an updated draft red herring prospectus (UDRHP) on Wednesday. According to a Reuters report citing the fresh IPO papers, US retail giant Walmart plans to pare its holding in PhonePe by around 12% through the Indian payments firm's much-anticipated initial
Just now
From the outside, the vacant shop on the corner of a busy avenue in central Sydney looks abandoned. Plastic sheeting is taped across all the windows and there's a large padlock hanging on the door handle. Step inside, though, and you're greeted by cuddly toys, candles
Just now
Greenland's government unveiled a new brochure on Wednesday offering advice to the population in the event of a "crisis" in the territory, which US President Donald Trump has repeatedly vowed to seize from ally Denmark. The US president said Wednesday in Davos that he "won't use force" to take the
Just now
CMAT Admit Card 2026 Out: The National Testing Agency has released the CMAT 2026 admit card today, January 21, 2026. The hall ticket will be released on the CMAT-NTA website at exams.nta.ac.in/CMAT. Candidates will be able to download it by logging through their registration number and date of
Just now
David Rubenstein, a private equity veteran, shares insights on Donald Trump's business policies and their effect on the US economy. He highlights that expected recession and inflation have not materialized. Rubenstein expresses optimism about India's economic rise in the coming decades
Just now
United States President Donald Trump on Wednesday said that the US would not use force to take control of Greenland, but reiterated his demand that Washington be given “ownership” of the Danish territory. “We probably won't get anything unless I decide to use excessive strength
Just now
A retired BMC official was duped of ₹16.50 lakh in a digital arrest scam. One of the fraudster posed himself as Ex-NIA chief Sadanand Date. A 75-year-old retired Brihanmumbai Municipal Corporation (BMC) official was allegedly cheated of ₹16
Just now
NATO Secretary-General Mark Rutte has said that the question of whether Greenland would remain part of the Kingdom of Denmark did not arise in his discussions with Donald Trump on the sidelines of the World Economic Forum (WEF) 2026 in Davos
Just now
Quote of The Day By Rabindranath Tagore: Tagore was known by the sobriquets Gurudev, Kobiguru, and Biswokobi. He has written the national anthems of India and Bangladesh. Quote Of The Day: The legendary poet, writer, playwright, composer of the Bengal Renaissance period- Rabindranath Tagore is the
Just now
After a disappointing Ashes campaign in Australia, England will start afresh when they take on Sri Lanka in a white-ball series, starting on Thursday. Sri Lanka will host England in three ODIs and as many as T20Is which serve as a final leg of preparation for the T20 World Cup 2026
Just now
Premier League giants Liverpool romped their way to a 3-0 win over Marseille at the Orange Velodrome on Thursday in the UEFA Champions League encounter against the French outfit. Dominic Szoboszlai, Cody Gako and an own goal by Geronimo Rulli completed a resounding win over Arne Slot's Reds from
Just now
The Oscar nominations will be announced later, with Leonardo DiCaprio's politically-charged thriller One Battle After Another expected to lead the field. Marty Supreme, Frankenstein, Sentimental Value, Bugonia and The Secret Agent are also expected to perform strongly when the shortlists are
Just now
The 50 is an upcoming Indian reality series based on the popular French format Les Cinquante. It is scheduled to premiere on February 1, 2026. Mumbai: Ahead of its premiere, the makers of the upcoming reality show The 50 have revealed key details about the show's rules, format
Just now
The Bharatiya Janata Party is promoting young leaders across its organization. New age limits are being set for national and state youth wing chiefs. This move aligns with the new party president Nitin Nabin's age profile. The party is also preparing for upcoming state elections
Just now
