Search For "crude"
Temple bombed in Bangladesh; 2 Hindus killed in separate incidents: Rights
Updated : 4 days, 23 hours ago IST
Two persons were murdered in Bogura and Cox's Bazar, on March 6 and March 7, while crude bombs were thrown at a Hindu temple in Cumilla city during a puja on March 8, triggering significant panic, as per rights group the Bangladesh Jatio Hindu Mohajote (Bangladesh National Grand Alliance).
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Strait of Hormuz disruption could raise oil prices further, inflation risk
Updated : 4 days, 23 hours ago IST
The escalating conflict in West Asia and disruption of flows through the Strait of Hormuz could have significant implications for India and the global economy, potentially pushing crude oil prices higher and adding to inflationary pressures, according to Anindya Banerjee, Head of Commodity a
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"$50 oil surge could wipe out 2% of India's GDP," warns Axis Bank's Neelka
Updated : 4 days, 23 hours ago IST
In an interview with ANI, Mishra highlighted that India's heavy reliance on imported "dense energy" makes it a primary target for global price volatility. "Every dollar increase per barrel costs approximately $1.8 billion annually. For instance, a $50 increase in oil prices represents a $90
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UBS flags margin risks for Indian OMCs as crude volatility intensifies ami
Updated : 5 days, 4 hours ago IST
A research note from UBS has flagged rising risks for India's state-owned oil marketing companies as crude oil market volatility intensifies due to geopolitical tensions in West Asia.
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Rupee hits all-time low of 92.52 against US dollar amid surge in crude oil
Updated : 5 days, 5 hours ago IST
The Indian rupee opened at an all-time low against the US dollar on Monday amid a sharp surge in crude oil prices and rising demand for the greenback.
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Markets bleed as crude spikes, Nifty drops 582 pts, Sensex falls 1862 pts
Updated : 5 days, 5 hours ago IST
The share markets in the country opened with a bloodbath on Monday as both benchmark indices declined sharply in the opening session amid a huge surge in crude oil prices and heavy selling across global markets.
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Asian markets fall after crude surge, Japan's Nikkei and South Korea's KOS
Updated : 5 days, 6 hours ago IST
Asian markets tanked in the opening session on Monday, with Japan's Nikkei and South Korea's KOSPI falling around 7 per cent, after crude oil prices surged sharply amid escalating geopolitical tensions in West Asia.
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Brent crude surges over 25% to USD 116.5 per barrel amid West Asia conflic
Updated : 5 days, 7 hours ago IST
Brent crude prices surged sharply on Monday, rising by more than 25 per cent to USD 116.5 per barrel, amid the ongoing conflict in West Asia which has made crude prices bullish.
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India's 250 million barrel buffer and supply diversification ensure fuel s
Updated : 6 days, 4 hours ago IST
India currently maintains a combined energy buffer of over 250 million barrels of crude oil and refined petroleum products, equivalent to approximately 4,000 crore litres, according to a government report. This stockpile provides seven to eight weeks of coverage across the full supply chain,
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Qatar will start supplying LNG to India once route is open: Govt sources
Updated : 6 days, 19 hours ago IST
Amid a severe energy crisis currently unfolding in the Middle East, Government sources have revealed that Qatar has provided specific guarantees regarding LNG's supply continuity, noting, "We are assured by Qatar that they will start supplying to India on the very first minute once the route
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MRPL denies rumours of refinery shutdown amid West Asia conflict; confirms
Updated : 1 week ago IST
Mangalore Refinery and Petrochemicals Limited (MRPL) has officially denied reports circulating on social media regarding a partial shutdown of its facilities, asserting that its operations remain fully functional despite speculation of feedstock shortages. The state-controlled refiner issued
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Prolonged West Asia conflict could slow down India's growth: SBI Research
Updated : 1 week ago IST
The ongoing conflict in West Asia could have multiple economic implications for India, particularly through higher oil prices, disruptions in energy supply routes, and potential impacts on remittances and trade, according to a new report by SBI Research. The report highlighted that while the
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