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Indices decline 1% amid rising crude prices and geopolitical tensions

Indices decline 1% amid rising crude prices and geopolitical tensions

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HPCL, BPCL shares fall up to 4% after Brent crude crosses $70 per barrel mark

HPCL, BPCL shares fall up to 4% after Brent crude crosses $70 per barrel mark

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Home Market News HPCL, BPCL shares fall up to 4% after Brent crude crosses $70 per barrel mark Rising oil prices are generally beneficial for upstream oil explorers such as Oil India and ONGC as it will result in the increase in prices of the products refined by them. Shares of India’s downstream oil refiners,

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US preparing to partially evacuate Iraq embassy over regional security risks, sources say

US preparing to partially evacuate Iraq embassy over regional security risks, sources say

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WASHINGTON/BAGHDAD: The United States is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave locations around the Middle East due to heightened security risks in the region, U.S. and Iraqi sources said on Wednesday. The four U.S. and two Iraqi sources did not specify which security risks had prompted

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U.S. Crude Production Set For A Decline Amid Low Oil Prices

U.S. Crude Production Set For A Decline Amid Low Oil Prices

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Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Jun 11, 2025, 7:00 PM CDT Earlier in the year, U.S. Treasury Secretary Scott Bessent unveiled his ambitious“ 3-3-3” plan wherein the Trump administration will target real GDP growth of 3% per

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Oil prices rise more than 4% on escalating Middle East tensions

Oil prices rise more than 4% on escalating Middle East tensions

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People walk past an anti-US mural on a street in Tehran, Iran, June 5, 2025. Majid Asgaripour | Via Reuters Crude oil futures rose more than 4% on Wednesday as tensions escalated between the U.S. and Iran, with President Donald Trump expressing doubt that the two countries will reach a nuclear deal. Brent crude futures rose

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Nigeria’s $5bn oil-backed loan from Aramco faces setback amid slumps in oil price

Nigeria’s $5bn oil-backed loan from Aramco faces setback amid slumps in oil price

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Nigeria and Saudi Arabian oil company Aramco have been unable to reach an agreement on a $5 billion oil-backed loan, according to Reuters. Sources told Reuters that the delay was due to a persistent decline in crude prices, which had sparked concerns among banks expected to back the deal. According to Reuters, the facility would

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Crude price slump, low production threaten Saudi oil firm’s $5bn loan to Nigeria

Crude price slump, low production threaten Saudi oil firm’s $5bn loan to Nigeria

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A record $5 billion loan from Aramco, the Saudi Arabian state-owned oil company, to Nigeria has been threatened by a drop in crude oil prices and declining production, a report has revealed. Reuters, in a report on Tuesday, said the recent drop in crude prices has raised concerns among banks expected to support the deal,

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