Oil Prices

OPEC+ makes big oil cut to boost prices

In a statement, OPEC+ said the decision was based on the uncertainty that surrounds the global economic and oil market outlooks.

published on : 5th October 2022

OPEC+ tipped to make big cut down in oil output amid inflation, soaring prices

A sizeable cut now looks on the cards, the question is whether it will be large enough to offset the demand destruction caused by the impending economic downturn. 

published on : 3rd October 2022

Bank of England to buy UK bonds to avert financial risk

"Look, we have concerns about the price of oil but we are a USD 2,000 per capita economy. When the price of oil is breaking our back and it's our big concern," Jaishankar said.

published on : 28th September 2022

High oil prices breaking our back, Jaishankar tells Blinken

Jaishankar said the energy market is under stress due to the Ukraine war and that not just the pricing but the very availability of oil has become an issue. 

published on : 28th September 2022

India must tread with care the oil price cap maze

Calling it an ‘absurd decision’ leading to chaos, Russia warned that countries imposing a price cap would be banned from receiving Russian oil.

published on : 10th September 2022

Centre not doing anything to lower fuel prices: Telangana IT Minister KTR

The Modi government’s excuse that international crude oil prices are the reason for the increase in fuel prices has once again been proven wrong, remarked Rama Rao.

published on : 25th August 2022

Asian shares mostly higher, echoing Wall Street rebound

Stocks on Wall Street bounced back and closed higher, extending the market’s recent winning ways as investors look ahead to several updates from retailers this week.

published on : 16th August 2022

Rupee gains 46 paise to 78.94 against US dollar ahead of RBI policy outcome

At the interbank foreign exchange, the rupee opened at 79.15 against the American dollar, then touched 78.94, registering a gain of 46 paise over the last close.

published on : 5th August 2022

Rupee falls 10 paise to 79.88 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 79.83 against the US dollar, then fell to 79.88 against the greenback, registering a decline of 10 paise over the last close.

published on : 27th July 2022

Rupee at 80 against US dollar; here's some pros and cons of a weak currency

India's forex reserves had dropped for five out of the past six straight weeks, on account of RBI's likely intervention in the market to defend the depreciating rupee.

published on : 21st July 2022

Russian President Putin warns West of further cut-in oil flow, price rice as consequences of sanctions 

EU approved bans on Russian coal and oil to take effect later this year but did not include natural gas because the 27-nation bloc depends on it to power factories, generate electricity and heat home.

published on : 20th July 2022

Brent Crude price fell below $100 on Tuesday due to weak demand

Oil prices fell sharply on Tuesday on a strong dollar, demand-sapping COVID-19 curbs in top crude importer China and fears of a global economic slowdown.  

published on : 13th July 2022

Volatile crude, impending recession roil global markets

High inflation driven by high energy prices and a drop in the US GDP by 1.4% is other worrying signs.

published on : 10th July 2022

Widening deficit amid rising oil prices growing concern for government

Meanwhile, the depreciating rupee is adding to the woes of the Centre by putting pressure on CAD and fiscal deficit besides triggering inflation.

published on : 10th July 2022

Edible oil to drop down by Rs 10-12/litre within a week: Sources

The reduction in oil prices comes in the wake of Central Government reducing the import duty on edible oils making them cheaper.

published on : 6th July 2022

Asian benchmarks mostly lower after tepid Wall Street session

Early Wednesday, U.S.benchmark crude oil was up 60 cents at $100.10 per barrel. Brent crude, the international standard, gained $1.24 to $104.01 per barrel.

published on : 6th July 2022

OPEC+ may not be much help with high oil, gasoline prices

OPEC, on the other hand, could help lower prices by increasing production, in theory. But that doesn't mean it will, even as Biden has urged the group to do so.

published on : 30th June 2022

Rupee recovers from record low, opens 12 paise up at 78.20 against US dollar

At the interbank foreign exchange, the rupee opened at 78.20 against the American dollar. In initial trade, the local currency witnessed a high of 78.19 and a low of 78.24 against the US dollar.

published on : 24th June 2022

Post oil’s fall, relief rally likely to follow

The fall in the markets from the record high of 18604.45 in October 2021 could have been sharper had domestic institutional investors not been counterparties to Foreign institutional investors' sales.

published on : 20th June 2022

Global shares fall amid worries about inflation, soaring crude oil prices

The impact of inflation has worsened since Russia’s invasion of Ukraine, which has put more pressure on energy and food prices.

published on : 9th June 2022
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