Vienna [Austria], May 12 (ANI/Xinhua): The Organization of the Petroleum Exporting Countries (OPEC) on Thursday revised its forecasts for this year's global economic growth and oil demand, citing COVID-19-induced restrictions and geopolitical tensions.
New Delhi [India], May 12 (ANI): India's retail inflation surged to eight-year high of 7.79 per cent in April due to a sharp jump in fuel and edible oil prices, the government data showed on Thursday.
Mumbai (Maharashtra) [India], May 9 (ANI): The rupee plunged to a record low of 77.41 against the US dollar on Monday amid persisting high crude oil prices and uncertainty over the duration of the Russia-Ukraine war.
New York [US], May 6 (ANI): Highlighting the food and energy security challenges emerging as a result of the ongoing war in Ukraine, India at United Nations Security Council (UNSC) on Thursday (local time) highlighted the "disproportionate impact on the Global South and developing countri
New York [US], May 5 (ANI/Xinhua): Oil prices rose sharply on Wednesday after the European Union (EU) unveiled a plan to phase out Russian oil, triggering concerns over tight supplies.
Islamabad [Pakistan], May 1 (ANI): The International Monetary Fund (IMF) has warned that the soaring oil prices in the global market amid the ongoing Ukraine-Russia war may worsen "corporate vulnerabilities" in Pakistan, reported local media.
New Delhi [India], April 28 (ANI): After hitting out at opposition-ruled states for "not cutting taxes" on fuel, Union Minister Hardeep Singh Puri on Thursday accused them of "hypocrisy" on aviation turbine fuel, saying that West Bengal, Maharashtra and Delhi have much more value added tax
New York [US], April 23 (ANI/Sputnik): Oil prices settled down on Friday, falling 5% over the week, as potentially lower Chinese energy consumption from the lockdown of its Shanghai financial hub overshadowed supply tightness from Russian sanctions that kept the market up for weeks.
Islamabad [Pakistan], April 21 (ANI): Pakistan Finance Minister Miftah Ismail on Wednesday said that the International Monetary Fund (IMF) wants the country to revoke the subsidies extended by the Imran Khan government by increasing fuel prices and power tariffs, to revive its Extended Fund
New York [US], April 20 (ANI/Sputnik): Crude oil prices fell 5 per cent Tuesday amid a selloff in global commodity markets after the International Monetary Fund slashed its world growth forecasts for 2022 and 2023, citing runaway fuel and food costs and other challenges from the Russia-Ukrai
New York [US], April 19 (ANI/Sputnik): Crude oil prices fell 5 per cent on Tuesday amid a selloff in global commodity markets after the International Monetary Fund slashed its world growth forecasts for 2022 and 2023, citing runaway fuel and food costs and other challenges from the Russia-Uk