Search For "oil"
Rupee hits all-time low of 92.52 against US dollar amid surge in crude oil
Updated : 1 week, 2 days 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.
Read More
Budget Session: Congress MP KC Venugopal seeks discussion on "energy secur
Updated : 1 week, 2 days ago IST
The Congress MP emphasised that the escalating tensions in West Asia pose immediate challenges to India's energy supply chains, autonomy and citizen safety.
Read More
Markets bleed as crude spikes, Nifty drops 582 pts, Sensex falls 1862 pts
Updated : 1 week, 2 days 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.
Read More
Asian markets fall after crude surge, Japan's Nikkei and South Korea's KOS
Updated : 1 week, 2 days 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.
Read More
Brent crude surges over 25% to USD 116.5 per barrel amid West Asia conflic
Updated : 1 week, 2 days 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.
Read More
Iran's absence in oil market likely to be offset by global oversupply: Car
Updated : 1 week, 2 days ago IST
Iran's absence from the global oil market is likely to be offset by an existing oversupply in global oil inventories, providing a buffer against potential supply disruptions, according to a report by CareEdge.
Read More
"Very small price to pay": Trump says short-term oil spike acceptable amid
Updated : 1 week, 2 days ago IST
Amid surging global oil prices triggered by escalating conflict in West Asia, United States President Donald Trump said the "short-term" spike is worth the cost if it eliminates Tehran's nuclear threat.
Read More
Pakistan's monthly oil import bill could skyrocket to $600 million, says F
Updated : 1 week, 2 days ago IST
Amid the developing security situation in West Asia, Pakistan could see its monthly oil import bill soar to a whopping USD 600 million, the country's Finance Minister Muhammad Aurangzeb said on Sunday, as reported by Dawn. Already reeling under economic stress, the country's Petroleum Min
Read More
US gold revaluation could wipe out 70 per cent of budget deficit amid West
Updated : 1 week, 2 days ago IST
The SBI Research report notes, "With the supply-supply chain triggered squeeze anchoring higher spot and forward prices across Gas and Oil, the US enterprises could reap benefits that more than adequately compensate the spending on war."
Read More
India's 250 million barrel buffer and supply diversification ensure fuel s
Updated : 1 week, 2 days 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,
Read More
Energy imports into the country are in full flow from all Non-Hormuz route
Updated : 1 week, 2 days ago IST
Puri had an interaction with the mediapersons on Saturday, where he discussed the measures taken by India over ongoing energy availability, affordability and sustainability in the changing global order and challenges.
Read More
'To take a little pressure off': Trump says on US granting "permission" to
Updated : 1 week, 2 days ago IST
US President Donald Trump on Saturday (US local time) spoke to the media about several developments in the wake of the unfolding security situation in West Asia and the Gulf and responded to the announcement by US Treasury Secretary Scott Bessent on temporarily allowing India to purchase
Read More