Russia Emerges As India’s Top Oil Supplier In November, Replaces Iraq
Russia replaces Iraq as top oil supplier to India in NovNEW DELHI: Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last…
Russian Oil Price Cap Sanctions Could Threaten India’s Oil Supplies: Report
Russia price cap could threaten India’s oil supplies: ReportIndia would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed…
Oil Prices Below $100 Per Barrel, A Day After Crashing 7% On Demand Worries
Oil prices fall below $100 per barrel on global recession fearsOil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in…
India’s Crude Basket Price On The Rise; No Cut In Fuel Rates Anytime Soon
Already-elevated India’s crude oil basket prices are risingThe already-elevated India’s crude oil basket price is rising, with the average based on daily costs for June jumping to over $115 per…
Oil Falls Nearly $3 To Below $104 A Barrel On Demand And Economic Growth Worries
Oil prices extend losses as Shanghai lockdowns hit demand outlookCrude oil prices fell over 2.5 per cent to below $104 per barrel early on Monday on demand worries driven by…
Crude Prices Down 5% For The Week, But Supply Worries To Keep It Well Bid
Oil prices down 5% over the week as COVID-19 concerns emerge in China againGlobal crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US…
Rupee Recovers On Robust Stocks, But Dollar Strength To Limit Relief
The rupee gained slightly on positive domestic equities.The rupee gained against the dollar on Wednesday, snapping a four-session losing streak, buoyed by a recovery in domestic stocks after a five-day…
Oil Prices Recover In A Volatile Session After Over 5% Crash Previously
Oil rebounds as supply concerns dominateCrude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.The international benchmark, Brent…
“Of Course, The Price Burden Is On The Common Man,” Trying To Relieve Stress: Nirmala Sitharaman
Important quotes on the Indian economy by Nirmala SitharamanIndia’s inflation has risen sharply above the tolerance band, but it is not that bad, said Nirmala Sitharaman at an event organized…
Brent Oil Falls Over 1% To Below $112 In A Volatile Trading Session
Oil dips in volatile trade amid demand concerns, supply disruptionsThe ebb and flow in investors’ sentiment on global crude’s demand-supply dynamics pushed futures down over 1 per cent on Tuesday;…