Oil Prices
- World
Oil prices rise modestly as traders assess Russian output cut
New York: Oil prices eked out modest gains as market participants weighed Russia’s plan to cut its oil production. The West Texas Intermediate (WTI) for March delivery rose 42 cents, or 0.53…
- Stock Market
Rupee gains 12 paise against US dollar on rally in equities
New Delhi: The rupee appreciated 12 paise to close at 82.08 against the US currency on Friday, supported by a rebound in domestic equities and easing crude oil prices. However, corporate dollar…
- India
Russian oil price cap: India says concerned about stability, affordability
New Delhi: Days after the EU agreed on a price cap on Russian seaborne oil, India on Wednesday said the impact of the move was unclear and it was concerned about the…
- Business
Oil prices rise as cap set Russian crude
London: Oil prices rose on Monday following an agreement by the G7 group ofnations and its allies to cap the price of Russian oil at $60 a barrel, BBC reported. Brent crude…
- World
Higher oil prices could tip world economy into recession: IEA
London: Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic, and the cartel’s actions may tip the global…
- World
How will OPEC plus cuts affect oil prices, inflation in India?
The decision of the OPEC plus countries to cut oil supply is going to impact the fuel prices and inflation in India and other countries across the world. Already almost all countries…
- Pakistan
Despite decline in global oil rates, Pak govt raises fuel prices
Islamabad: Life continues to be posing more and more challenges to the people of Pakistan as millions suffer the devastation caused due to floods while others are succumbing to the rising inflation…
- World
Global oil prices to fall to $70 per barrel: Moody’s Analytics
Chennai: Global oil prices are expected to fall to almost $70 per barrel by the end of 2024, said Moody’s Analytics in a recent report on the Asia Pacific (APAC) region. Pointing…
- India
Rupee drops 9 paise to hit lifetime low of 79.90 against US dollar
Mumbai: The rupee declined by 9 paise to settle at a new record low of 79.90 against the US currency on Thursday due to a firm US dollar in overseas markets and…
- Middle East
High UAE gas prices stand out where cheap fuel was the norm
Dubai: Mere years ago, fuel was cheaper than bottled water in the oil-rich United Arab Emirates. Now, long lines snake outside gas stations on the eve of price hikes each month. Fuel…
- India
Indian rupee hits all-time low against US dollar, gold touches Rs 54K
Hyderabad: The Indian rupee on Tuesday hit an all-time low of Rs 79.36 against the US dollar. Widening trade deficit, weakness in global currencies against the dollar and expectations of aggressive rate…
- World
G7 nations reach deal on Russian oil price cap
Moscow: The Group of Seven (G7) leading Western economies reached an agreement on Tuesday to set a price cap on Russian oil exports, Politico reported, citing unnamed officials. The details of the…
- India
Cooking gas price hiked by Rs 3.5, crosses Rs 1,000 mark
New Delhi: Cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rate this month following the firming of international energy rates. Non-subsidised LPG now…
- Business
High oil prices to keep rupee on a slippery slope
New Delhi: High crude oil prices combined with fears of rising inflation are expected to keep the Indian rupee under pressure, next week. Lately, the Brent crude oil price has remained elevated…
- World
Oil prices jump amid growing supply concerns
New York: Oil prices jumped on Monday as reports that the European Union (EU) is considering a ban on Russian energy stoked fears about crude supply. The West Texas Intermediate (WTI) for…
