Oil Prices
- 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…
- World
Oil prices rise as OPEC plus cartel nears deal on production cuts
New Delhi: Crude oil prices have started firming up again in the international market as the OPEC+ cartel is reported to be on the verge of signing an agreement to cut production…
- 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,…
