Oil Prices
- Middle East
Oil prices stable despite Middle East tensions as demand wanes
New York: When Russia invaded Ukraine in 2022, the price of oil jumped to over $100 a barrel. But despite the threat of an escalation of tensions in the Middle East and…
- Business
ONGC, OIL to gain as govt cuts windfall tax on crude oil
New Delhi: The Union government has reduced the windfall tax on petroleum crude to Rs 1,700 per tonne from Rs 2,300 a tonne in its fortnightly revision as oil prices have come…
- 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…
- Middle East
Houthis’ attack on commercial ships causes surge in oil prices
Washington: Yemen’s Iran-backed Houthi rebels are attacking commercial ships and oil tankers to different countries thus disrupting supply chains causing crude oil prices to rise in what they claim are revenge acts…
- Business
India’s trade deficit shoots up in Oct due to spike in oil prices
New Delhi: India’s merchandise trade deficit in October stood at $31.46 billion as the country’s imports shot up to $65.03 billion during the month which offset the increase in exports, Commerce Secretary…
- News
Rupee plunges to 12-month low against dollar
Mumbai: The Indian rupee plunged to a 12-month low of 83.28 against the US dollar on Monday amid rising oil prices and uncertainty in global markets due to the ongoing Israel-Hamas war.…
- India
Rupee faces risk from rising oil prices
Mumbai: With rising crude oil prices in the international market pushing up the demand for dollars, the Indian rupee has slumped to a record low of 83.2675 vis-à-vis the U.S. dollar. Going…
- World
Oil prices rise modestly as traders assess Russian output cut
New York: Oil prices eked out modest gains as market participants weighed Russia’s plan to cut its oil production. The West Texas Intermediate (WTI) for March delivery rose 42 cents, or 0.53…
- Stock Market
Rupee gains 12 paise against US dollar on rally in equities
New Delhi: The rupee appreciated 12 paise to close at 82.08 against the US currency on Friday, supported by a rebound in domestic equities and easing crude oil prices. However, corporate dollar…
- India
Russian oil price cap: India says concerned about stability, affordability
New Delhi: Days after the EU agreed on a price cap on Russian seaborne oil, India on Wednesday said the impact of the move was unclear and it was concerned about the…