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Oil Price - Price, Not Politics, Is Driving Most of India’s Oil Buying

01-09-2026 02:30

India is increasingly sourcing crude from a wider range of suppliers as price and Middle East supply disruptions reshape its oil imports.

OIL PRICE WATCH as of Sept. 1, 2026

MANILA, Philippines – Motorists are getting some relief at the start of September as local oil companies cut pump prices, with diesel and kerosene seeing the biggest reductions of nearly P4 per liter.

Oil prices rise as renewed US.-Iran fighting deepens Hormuz supply risks

Renewed fighting revived concerns the conflict could become more prolonged and further disrupt oil flows through the Persian Gulf, just as supply risks are being compounded elsewhere.

Oil prices rise as latest fighting revives Mideast supply disruption risks

By Noel John and Sumit Saha Sept 1 (Reuters) - Oil prices gained on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the ...

FTSE 100 Live: Stocks drop; Oil jumps as Trump vows more strikes on Iran

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