Oil Prices
- 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 jump as Saudi Arabia extends production cuts
New Delhi: Oil prices jumped dramatically on Tuesday after Saudi Arabia announced that it would extend its production cuts until the end of the year, while Russia said it would extend its…
- World
Oil prices could go even higher
London: Oil prices have soared about 20 per cent since late June but they could go even higher this year if the OPEC+ alliance sticks to its policy of restraining crude production,…
- World
Oil prices surge after OPEC+ announce to cut output
Moscow: The Oil prices have surged and surpassed USD 85 per barrel after several oil producer countries announced surprise cuts in production, TASS Agency reported. According to the Russian News Agency, this…
- 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…
- Business
Oil prices rise as cap set Russian crude
London: Oil prices rose on Monday following an agreement by the G7 group ofnations and its allies to cap the price of Russian oil at $60 a barrel, BBC reported. Brent crude…
- World
Higher oil prices could tip world economy into recession: IEA
London: Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic, and the cartel’s actions may tip the global…
- World
How will OPEC plus cuts affect oil prices, inflation in India?
The decision of the OPEC plus countries to cut oil supply is going to impact the fuel prices and inflation in India and other countries across the world. Already almost all countries…
- Pakistan
Despite decline in global oil rates, Pak govt raises fuel prices
Islamabad: Life continues to be posing more and more challenges to the people of Pakistan as millions suffer the devastation caused due to floods while others are succumbing to the rising inflation…
- World
Global oil prices to fall to $70 per barrel: Moody’s Analytics
Chennai: Global oil prices are expected to fall to almost $70 per barrel by the end of 2024, said Moody’s Analytics in a recent report on the Asia Pacific (APAC) region. Pointing…
- India
Rupee drops 9 paise to hit lifetime low of 79.90 against US dollar
Mumbai: The rupee declined by 9 paise to settle at a new record low of 79.90 against the US currency on Thursday due to a firm US dollar in overseas markets and…
