Crude Oil
- Business
Bear attack: Sensex crashes over 6,000 pts; Nifty dives nearly 2,000 points
Mumbai: Benchmark equity indices Sensex and Nifty tanked over 8 per cent on Tuesday as the initial trend showed BJP winning lesser number of seats than predicted in exit polls. The 30-share…
- Business
Rupee falls 26 paise to 83.40 against US dollar in early trade
Mumbai: The rupee plunged 26 paise to 83.40 against the US dollar in early trade on Tuesday as initial counting for the Lok Sabha elections indicated a mixed trend. A weak trend…
- Business
Rupee rises 8 paise against dollar as crude oil cools on easing Iran-Israel conflict worries
Mumbai: The rupee rises by 8 paise to close at 83.36 against the US dollar on Monday on positive domestic markets and a soft American currency. Forex traders said a decline in…
- India
India’s net oil import bill drops 16% but import dependency hits new high
New Delhi: India’s crude oil import dropped 16 percent in the fiscal year ended March 31 as lower international rates but the dependency on overseas suppliers rose to a new high, official…
- Business
Govt hikes windfall tax on crude oil; ONGC & OIL to take hit
New Delhi: The Government has hiked the windfall tax on crude oil to Rs 9,600 per metric ton with effect from Tuesday from Rs 6,800 earlier, as part of its fortnightly revision.…
- Business
Rupee falls 6 paise to 83.39 against US dollar
Mumbai: The rupee depreciated 6 paise to settle at 83.39 against the US dollar on Thursday due to a strengthening greenback against major rivals overseas and rising crude oil prices in the…
- Business
Rupee turns flat at 83.33 against US dollar in early trade
Mumbai: The rupee turned flat at 83.33 against the US dollar in early trade on Thursday amid a strong American currency and higher crude oil prices. Forex traders said the positive equity…
- Business
Oil and gas shares gain as crude oil surges to 5 month high
New Delhi: Siddhartha Khemka, Head Retail Research, Motilal Oswal Financial Services on Wednesday said that the markets are expected to remain in consolidation mode and will keenly track the US Fed commentary…
- Top Stories
OPEC+ members extend oil output cuts to Q2
Vienna: Several OPEC+ members have announced extensions of oil output cuts into the second quarter to support the “stability and balance of oil markets”. OPEC+ is an oil-producer group comprising member countries…
- Business
Govt hikes windfall tax on crude petroleum, diesel
New Delhi: The government on Thursday hiked windfall tax on domestically produced crude oil to Rs 3,300 per tonne from Rs 3,200 per tonne with effect from Friday. The tax is levied…
- World
Crude oil prices surge after US, UK strike Houthi targets
Sanaa: Crude oil prices experienced a significant uptick, surging more than 2.5 per cent on Friday, after the United States and United Kingdom executed joint strikes on Iran-backed Houthi targets in Yemen,…
- Middle East
Oil prices falls globally as Saudi Arabia cuts crude prices
Global oil prices fell by more than one percent on Monday, January 8, after Saudi Arabia cut its crude oil prices to buyers on all its export destinations for February. The price…
- India
Venezuela offers oil to help ONGC Videsh recover USD 600 mn dues
New Delhi: Venezuela has agreed to give oil to ONGC Videsh to help the Indian public sector company recover its USD 600 million dues as dividend for the stake that it holds…
- India
In a first, India pays in rupees to buy crude oil from UAE
In a historic step, India, the world’s third largest energy consumer, for the first-time ever paid the United Arab Emirates (UAE) in rupees for the purchase of crude oil. This could suggest…
- India
India stands to gain as crude oil prices fall to 4-month low
New Delhi: With crude oil prices falling to a 4-month low in the international market, the Indian economy is expected to get a shot in the arm. The country’s current account deficit…
