Tag: Oil prices
17 Results
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Petrol prices may come down in Punjab, Karnataka: Congress
Petrol and diesel may soon become cheaper in Punjab and Karnataka, the All India Congress Committee (AICC) in-charge for Himachal Pradesh Rajni Patil said in Shimla on Sunday.
September 9, 2018 -
Revolution that failed
“Revolutions are the locomotives of history”, said Marx. For Venezuela, that locomotive has now stopped moving altogether. Characterized by extreme inequality, impoverished living conditions, endemic corruption and political disenfranchisement, it has been close to a failed state for quite some time. Now with inflation about to touch a million per cent according to IMF estimates …
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September 7, 2018 -
Oil prices lift equity indices; Nifty regains 11k-mark
According to Geojit Financial Services' Head of Research Vinod Nair: "Market regained 11,000 mark, given the strong earnings and benign yield despite rise in inflation."
July 17, 2018 -
‘Capacity to manage oil shock better’
Economic Affairs Secretary Subhash Chandra Garg has 34 years of experience in administration, management and public policy, finance and several development sectors. A 1983 batch Indian Administrative Service officer of the Rajasthan cadre, Garg holds degrees in commerce and law from the University of Rajasthan, Jaipur, and is a professionally qualified Cost and Works Accountant …
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June 2, 2018 -
Karnataka politics, oil prices plunge markets
The political stand-off in Karnataka, along with the persistent rise in global crude oil prices and a large outflow of foreign funds, pulled the key Indian equity indices deep into the red in the week just-ended. Even a weak rupee and higher-than-expected inflation scenario eroded investor sentiments. On a weekly basis, the barometer 30-scrip Sensitive …
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May 20, 2018 -
Volatility snuffs markets’ rally
Despite positive global indicators such as overnight rise in Wall Street indices and 0.6 percent gain in Morgan Stanley Composite Index of MSCI for Asia-Pacific (outside Japan), trade in Dalal Street on Thursday was spoiled by mid-session volatility which wiped out early morning gains in the 30-scrip Sensitive Index of Bombay Stock Exchange and 50-stock …
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May 11, 2018 -
Oil prices rally amid US crude inventory data
Oil prices settled slightly higher on Wednesday even though official data showed a surprise increase in the US crude stockpiles. US crude oil inventories rose by 2.2 million barrels to 429.7 million last week, the Energy Information Administration (EIA) said in its weekly report on Wednesday. Analysts had expected a 1.1-million-barrel gain. Gasoline stockpiles grew …
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April 26, 2018 -
Prices of energy commodities set to rise by 20% this year: World Bank
Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report. The increase in energy prices is expected to have adverse impact on India, given that the country is heavily dependent on import of major energy …
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April 25, 2018 -
Eye on poll, Centre caps oil prices
Since a steep hike in petrol and diesel prices could have an adverse fallout for the BJP ahead of elections, the Centre has asked oil marketing companies to ensure that the retail price of petrol does not exceed Rs 75 a litre in the national capital and in other states as well, according to sources. …
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April 17, 2018 -
India renews call for reasonable oil prices
India on Thursday reiterated its call for reasonable global oil pricing and invited investment in its hydrocarbons sector in line with the country’s drive to attaining energy security. Noting that as the third largest energy consuming country India imports most of its oil and gas needs, Petroleum Minister Dharmendra Pradhan made the call for “responsible …
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April 12, 2018 -
Economic Survey 2017-18: 7.5 pc growth predicted with caution on high oil prices
After touching a low of 5.7 per cent GDP growth, India’s economy is “picking up quite nicely” , the annual Economic Survey 2017-18 tabled in Parliament on Monday said. It predicted that India would clock a growth of 6.75 per cent this fiscal and will rise to 7 to 7.5 per cent in 2018-19, which would be …
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January 30, 2018 -
Oil prices rise as crude output cut extended
Oil prices rebounded as the OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC oil producers agreed to extend the production cut till the end of 2018. The West Texas Intermediate for January delivery on Thursday increased $0.10 to settle at $57.40 dollars a barrel on the New York Mercantile Exchange, while Brent crude for …
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December 1, 2017 -
Oil prices rise ahead of OPEC meeting
Oil prices climbed on Tuesday as investors were awaiting the closely-watched OPEC (Organisation of the Petroleum Exporting Countries) meeting next week, a media report said. OPEC and other key oil producers will meet on November 30 to discuss whether to extend the current price-supporting curbs on crude output, Xinhua news agency reported. In a bid …
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November 22, 2017 -
Oil prices decline ahead of OPEC meeting
Oil prices declined as investors became cautious ahead of an OPEC (Organisation of the Petroleum Exporting Countries) meeting next week, a media report said. OPEC and other key oil producers will meet on November 30 to discuss whether to extend the current price-supporting curbs on crude output, Xinhua news agency reported. In a bid to …
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November 21, 2017 -
Oil prices jump but post weekly losses
Oil prices rebounded on Friday, but posted weekly losses amid concerns about oversupply, a media report said. Oil prices have slipped from the two-year highs earlier this week as the market worried that rising US crude oil inventories could potentially undermine the Organization of the Petroleum Exporting Countries (OPEC)’ efforts to tighten the market., Xinhua …
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November 18, 2017 -
Oil prices rebound amid geopolitical concern
Oil prices rose on Thursday amid geopolitical concern about anti-corruption crackdown in Saudi Arabia. The West Texas Intermediate for December delivery was up $0.36 to settle at $57.17 a barrel on the New York Mercantile Exchange, while Brent crude for January delivery rose $0.44 to close at $63.93 a barrel on the London ICE Futures …
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November 10, 2017 -
Oil prices rise amid geopolitical tensions
Oil prices rose on Friday, as turmoil in the Middle East underpinned the market. The West Texas Intermediate for November delivery on Friday increased $0.85 to settle at $51.45 a barrel on the New York Mercantile Exchange, while Brent crude for December delivery rose $0.92 to close at $57.17 a barrel on the London ICE …
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October 14, 2017