oil price

Saudi Minister's assurance pushes crude oil prices down, lifts OMC stocks

The moderation in oil prices saw Indian stock markets close in the green and the Indian rupee paring its losses, closing 54 paise up versus the US dollar at 71.24 on Wednesday.

published on : 19th September 2019

After panic oil prices moderate

It is unlikely that even high crude oil prices would push up retail inflation high enough for RBI to put hold on expected interest rate cuts since the price rise effect is expected to be short term.

published on : 18th September 2019

Hot oil singes stock markets, foreign institutional investors flee

Uncertainty over the oil situation following a drone attack on Saudi Aramco spooks bourses, forces foreign institutional investors to pull out Rs 800 crore in a single day.

published on : 18th September 2019

Emerging economies like India more vulnerable to big oil price moves: Report

In economic parlance, stagflation means a situation in a country's economy when inflation is persistently high, demand is stagnant and unemployment rates are high.

published on : 17th September 2019

Oil holds most huge gains after Saudi attack, Federal Reserve moves into view

The crisis revived fears of a conflict in the tinderbox Gulf region and raised questions about the security of crude fields in the world's top exporter as well as other producers.

published on : 17th September 2019

Rupee, stocks decline amid oil price surge

The attack on Saudi Arabia’s oil facility, which has taken nearly 5 per cent of global production offline, can have serious repercussions for a world already battling trade wars and a slowing economy.

published on : 17th September 2019

Oil is on the boil, retail fuel prices may jump by Rs 4

Indian oil refiners may have to increase retail fuel prices Rs 5-6 per litre over the next fortnight if crude oil price rises by $10 a barrel. 

published on : 17th September 2019

Air India posts Rs 4,600 cr operating loss in 2018-19; aims operating profit this fiscal

Air India had a loss of Rs 430 crore in the four-month period when Pakistan closed its airspace after the Balakot air strikes.

published on : 15th September 2019

Jet fuel price​ cut by 1 per cent, LPG rate up by Rs 15.5

Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 596.62 per kilolitre or 0.9 per cent, to Rs 62,698.86 per kl.

published on : 1st September 2019

Oil marketing companies profits hit hard by falling crude prices

Crude prices had fallen from about USD 75 per barrel in April to just USD 66.55 per barrel in June.

published on : 15th August 2019

Oil prices jump 6 percent as Trump says Iran made 'very big mistake' by shooting down drone

Both the US and Iran said that Iranian forces had shot down an American military surveillance drone, but the two sides offered conflicting details on the incident.

published on : 20th June 2019

Rising crude prices to roil CAD, rupee, inflation metrics

It can be noted that the US had on Monday decided to do away with exceptions on sanctions to countries like India who are importing oil from Iran from May 2.

published on : 23rd April 2019

Sensex, Nifty slide further on soaring crude prices

The broader NSE Nifty too slipped 18.50 points, or 0.16 per cent, to close at 11,575.95.

published on : 23rd April 2019

‘Reasonable petroleum pricing good for economy’

India as a country should strive for a reasonable petroleum pricing which would incentivise both consumers and investors, said B Ashok, MD, Ratnagiri Refinery & Petrochemicals.

published on : 8th March 2019

Karnataka hikes tax on petrol, diesel by 2 per cent

The state government had on September 17 reduced its tax on petrol to 28.75 per cent from 32 per cent and diesel to 17.73 per cent from 21 per cent in a bid to give relief to the people.

published on : 5th January 2019
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