The recent decisions by OPEC+ and Russia to extend production cuts have provided a semblance of clarity in the near-term supply trajectory for global crude oil and Asian crude buyers are unlikely to face a supply squeeze as plentiful non-OPEC supplies are set to fill the potential void, trad
Global crude oil prices moved in the northward direction on Monday, following the Israel-Hamas war that entered Day 3 with large fatalities on both sides.
The plea challenges the constitutional validity of the beneficial scheme introduced under the Pradhan Mantri Ujjwala Yojana (LPG Cashback) in view of the financial hardships being faced by the poor people after the global crude prices surge due to the Russia-Ukraine war.
India has remained committed to placing the needs of its citizens above any type of allegiance to a specific nation or group, even in the face of mounting global pressure to choose sides.
New Delhi [India], September 15 (ANI): Growth in global crude oil demand continues to decelerate, weighed down by renewed Chinese lockdowns and an ongoing slowdown in the OECD region, global energy body International Energy Agency said in its latest report.
New Delhi [India], July 20 (ANI): The central government on Wednesday cut the windfall tax on crude oil to Rs 17,000 per tonne from earlier Rs 23,250 per tonne. This move comes amid the latest decline in global crude oil prices.
New Delhi [India], July 19 (ANI): The latest decline in global crude oil prices and a firm spread of monsoon in the country are good signs for easing of inflation and may help in cooling domestic food prices, said the president of the Confederation of Indian Industry Sanjiv Bajaj.
New Delhi [India], July 14 (ANI): Indian stocks indices on Thursday opened with minor gains primarily due to value buying after recent losses. A decline in global crude oil prices also supported the indices.