Search For "oil prices"
OPEC+ extends major oil production cuts until 2025 to stabilise market
Updated : 1 year, 9 months ago IST
Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group aims to support oil prices by managing supply tightly.
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India leads surge in demand as oil anxiety subsides and gold prices rise
Updated : 1 year, 10 months ago IST
In April 2024, Brent Crude Oil prices hovered around USD 89.4 per barrel, experiencing a slight ease due to concerns over global demand and a stronger dollar index.
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Indian stocks kick off fresh week in green
Updated : 1 year, 10 months ago IST
Indian stocks opened higher on Monday morning, backed by strong US markets which showed a robust performance on Friday. Also, improved investor sentiment with the relative easing in tensions in the Middle East and declining oil prices supported the Indian stocks.
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Crude oil prices can hit USD 100 a barrel in 2024 if OPEC maintains cuts:
Updated : 1 year, 11 months ago IST
According to S&P Global Commodity Insights, Russell Hardy, the CEO of Vitol, delivered this forecast, indicating that spot crude prices could surge to USD 100/b later this year if Organization of the Petroleum Exporting Countries (OPEC+) continues its production discipline and persists i
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Oil prices hit 6-month high, igniting inflation fears and economic uncerta
Updated : 1 year, 11 months ago IST
This sudden and significant uptick in oil prices has sent reverberations throughout global financial markets, reigniting fears of inflationary pressures and prompting deep concerns among central bankers, policymakers, and investors alike.
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Rs 2.2 lakh crore revenue foregone due to excise duty cuts on petrol, dies
Updated : 2 years ago IST
The minister talked about the steps taken by the Modi government to reduce and maintain fuel prices despite fluctuations in global crude oil prices
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Our policy of 'nation first' helped manage oil prices despite global confl
Updated : 2 years ago IST
Stating that India's policy was 'Nation First' and the consumer was 'paramount', Union Minister Hardeep Singh Puri said that the Centre was able to keep oil prices from shooting up despite global turbulence amid the Russia-Ukraine conflict and drone attacks on merchant ships in the Red Se
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Crude oil prices surge after US, UK strike Houthi targets
Updated : 2 years, 2 months ago IST
The attacks by the Houthi rebels have forced ships to take longer routes around Africa, presenting challenges to global trade logistics.
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Prices of Brent crude oil expected to be steady in near term: Emkay
Updated : 2 years, 2 months ago IST
Over the past month, global crude oil prices have been trading in a narrow range.
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Pakistan slashes petrol price by PKR 14, high-speed diesel by PKR 13.5
Updated : 2 years, 2 months ago IST
It reported citing a notification from the Pakistan Ministry of finance, the new prices of petrol are PKR 267.34 and PKR 276.21 for HSD. The State Bank reported the dollar had settled at PKR 283.51 on Thursday after losing against the local currency. Dealers said the market stayed calm even
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Oil price rise would hit 2024 global growth, inflation outlook: Fitch
Updated : 2 years, 4 months ago IST
Higher-than-expected oil prices in a scenario where the ongoing Middle East conflict disrupts oil supply would cause lower economic growth and higher inflation, according to Fitch Ratings.
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Global economic jitters: Fitch Ratings predicts 2024 impact from soaring o
Updated : 2 years, 4 months ago IST
According to Fitch's Global Economic Outlook (GEO), a scenario with average oil prices of USD 75 per barrel in 2024 and USD 70 per barrel in 2025 could be upended if oil prices spike to USD 120 per barrel in 2024 and USD 100 per barrel in 2025 due to supply restrictions.
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