Search For "oil price"
Brent crude prices to remain at USD 70/bbl in FY26 despite Israel-Iran con
Updated : 9 months ago IST
Despite recent volatility and rising conflicts between Israel and Iran, Brent crude oil prices are expected to average around USD 70 per barrel in FY26, according to a report by Emkay Research.
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Surge in oil prices amid middle east tensions poses fresh challenges for I
Updated : 9 months ago IST
Indian airlines are facing renewed pressure on profitability as escalating tensions in the Middle East threaten to push global crude oil prices to USD 100 per barrel, according to a report by Nuvama.
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US Fed keeps benchmark interest rate unchanged
Updated : 9 months ago IST
The US Federal Reserve on Wednesday decided to keep benchmark interest rate unchanged at a range of 4.25 to 4.5 percent, amid ongoing trade policy shifts and growing pressure from President Donald Trump, The Hill reported.
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Surge in crude prices poses risk to India's current account deficit as eve
Updated : 9 months ago IST
Amid rising global crude prices, India's current account deficit (CAD) for FY25 faces an upward risk, as every USD 10 per barrel increase in oil prices can worsen the annual CAD by nearly USD 15 billion, according to a report by Union Bank of India (UBI).
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Israel's attack on Iran bullish for oil prices but unlikely to last unless
Updated : 9 months ago IST
Israel's surprise airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring and raising concerns about wider regional instability.
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"India has adequate energy supplies": Union Minister Puri amid Iran-Israel
Updated : 9 months ago IST
The oil supply update by the minister attaches importance, given that the international oil prices shot up sharply post the early morning attack on Iran by Israel. At the time of filing this report, crude oil WTI futures were trading 6 per cent higher at USD 72.04 per barrel.
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Higher risk buffers by RBI strengthen its balance sheet, support India's m
Updated : 9 months, 2 weeks ago IST
The Reserve Bank of India's (RBI) decision to maintain higher risk buffers is expected to strengthen its balance sheet and support India's macroeconomic fundamentals, especially at a time when global oil prices are expected to remain benign, according to a recent report by ICICI Bank.
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Govt has taken measures to keep oil prices in control for consumers: Harde
Updated : 9 months, 2 weeks ago IST
Puri mentioned that the government had reduced the cess on petrol and diesel in November 2021 and May 2022, leading to price reductions of Rs 13 and Rs 16 per liter, respectively. He attributed this to the combined efforts of the central and state governments in reducing taxes.
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Global crude prices to trade with a downward bias in 2025 in range of USD
Updated : 9 months, 3 weeks ago IST
Global crude oil prices are likely to trade with a downward bias in 2025, according to a recent report by ICICI Bank.
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Oil companies losses on LPG expected to decrease by around 45% in FY26 if
Updated : 10 months ago IST
LPG losses incurred by oil marketing companies (OMCs) are expected to decrease by around 45 per cent in FY26 if crude oil prices remain stable at USD 65 per barrel, according to a report by CareEdge Ratings.
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"Modi government 'squeezed' rightful share of states in cess on petrol, di
Updated : 10 months, 4 weeks ago IST
Congress President Mallikarjun Kharge on Tuesday hit out at the Modi government over the imposition of cess on petrol and diesel despite falling global crude oil prices and alleged that even though it has collected 38.89 lakh crore since 2014, it has "squeezed" the rightful share of states b
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Decline in crude prices boosts India's resilience to global uncertainty: R
Updated : 10 months, 4 weeks ago IST
As crude oil prices decline sharply and global commodity markets reel under pressure, India's macroeconomic fundamentals appear much stronger compared to previous global crises, highlights a report by Motilal Oswal.
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