Tag: Oil prices
17 Results
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Oil prices jump as OPEC on course to extend output cuts
'Ministers from the 14-nation Organization of the Petroleum Exporting Countries (OPEC) were meeting in Vienna on Monday to discuss output, before gathering a day later for OPEC+ -- which is a grouping of 24 oil-producing countries that includes Russia and accounts for almost half of global crude.'
July 1, 2019 -
Oil prices surge after Iran downs US drone
Brent crude, the global oil benchmark, was up by 2.23 per cent at $63.20 a barrel.
June 20, 2019 -
Oil prices jump nearly 4% over attack on oil tankers
The benchmark crude prices have remained flat for most parts of June so far, even though tensions were simmering in the Gulf region.
June 13, 2019 -
Oil prices jump after ‘incident’ in Gulf of Oman
A merchant shipping information service run by Britain's Royal Navy meanwhile reported an "incident".
June 13, 2019 -
India needs to have a good oil hedging policy: Raghuram Rajan
Rajan said the issue has been discussed in the past and it began with a strategic petroleum reserve, but beyond that there is a need to think about hedging oil prices especially when it comes to levels such as now.
December 12, 2018 -
India to wait and watch impact of oil producers’ output cut: Dharmendra Pradhan
The output cut decision, which was spearheaded by Russia, will come into effect on January 1.
December 11, 2018 -
OPEC will take PM Modi’s views seriously while deciding oil prices: Saudi minister
India is the world's third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its energy needs.
December 7, 2018 -
Sensex, Nifty fall 1% as crude oil prices surge
The S&P BSE Sensex fell 345.56 points or 0.98 per cent to 34,812.99 points. It had opened at 35,287.49 from its previous close of 35,158.55.
November 12, 2018 -
Credit negative
That the Finance minister’s tweet after having briefed a press conference on his dubious plan to reduce oil prices by Rs 2.50 a litre should have been met by derision was only to be expected given that he had very recently argued that oil prices were not under his control. His sense of smugness over …
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October 15, 2018 -
Northern states discuss VAT cut for cheaper fuel
The Opposition parties have been blaming the BJP governments for the sky rocketing prices of petrol and diesel by increasing the Central excise duty 11 times on petrol.
September 26, 2018 -
Rupee at risk
Amidst several parameters going askew for the Indian economy, two ~ its current account deficit and its sliding rupee ~ are attracting the greatest outcry, more so because of the shrill assault that the present Prime Minister had launched against his predecessor during the 2013 slide of the rupee. At 72.23 to the dollar, the …
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September 24, 2018 -
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