crude oil prices

Indian refiners stand to gain as Brent crude price falls below USD 85 per bbl

Gaurav Moda, India Energy Leader, EY, said falling and consistent crude prices are always good news for India, given the country continues to import nearly 80% of its oil requirements. 

published on : 25th November 2022

Rupee falls 39 paise to fresh lifetime low of 82.69 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 82.68 against the greenback, then slipped further to 82.69, registering a fall of 39 paise over its previous close.

published on : 10th 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

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

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

Inflation to remain above 6 per cent for 2 quarters in FY23

Elevated crude oil prices due to geopolitical tensions will keep inflation high in the range of 6% to 6.7% and that too for at least two quarters, as per experts. 

published on : 3rd June 2022

IEA agrees to release reserves as crude oil falls below $100

Brent Crude futures was trading at $99.98 per barrel, down by 1.07% while WTI was trading at $95.61 per barrel, down by 0.44%.

published on : 9th April 2022

Petrol, diesel prices may not be hiked with room to cut excise duty 

The price of crude oil in the international market has been on a boil ever since Russia started military operations in Ukraine.

published on : 11th March 2022

Russian crude ban to have limited impact on India

India imports only 2% of its oil from Russia, but the rising oil price is a big concern for India as it imports 85% of its oil demand.

published on : 10th March 2022

FM Nirmala Sitharaman airs concern over rising crude oil price

Noting that India imports more than 85 per cent of its crude oil requirements, she said when oil prices go up, it is a matter of concern and "now we will have to see how it pans out".

published on : 8th March 2022

Brent crude up $12, shares sink as Ukraine conflict deepens

Higher fuel costs are devastating for Japan, which imports almost all its energy. Japan’s benchmark Nikkei 225 dipped 3% in afternoon trading to 25,222.24.

published on : 7th March 2022

Rupees 12 hike in petrol, diesel price needed to break-even

Oil prices have been on the boil ever since Russia put its forces on the Ukraine border last month. 

published on : 4th March 2022

India's oil demand growth to slow down over next decades: Reliance

Despite the slowdown, oil consumption will still increase to 480 million tonnes by 2040 as the renewable push will not completely halt oil demand growth, said Reliance Industries' Harish Mehta.

published on : 25th September 2018

Petrol price at Rs 74.50 a litre in Delhi, highest since September 2013

Petrol prices rose for the fifth consecutive day on Monday to Rs 74.50 per litre in New Delhi, even as global crude oil cost dipped somewhat due to international factors.

published on : 23rd April 2018