Goldman Sachs warns commodity prices could remain volatile through 2027, crude could hit $140 (representative image) Commodity prices could remain volatile through 2027 as geopolitical conflicts, disruptions to energy and agricultural supplies, and extreme weather risks threaten global markets, with crude oil, European natural gas and agricultural commodities facing significant upside risks, according to a…

The state-run refiner is reassessing its crude sourcing strategy amid supply disruptions and soaring freight costs linked to the Iran war. Indian Oil Corporation (IOC), India’s largest refiner, plans to scale back crude oil purchases from Middle Eastern suppliers under annual contracts for the financial year 2027-28, as the prolonged Iran war continues to disrupt…