Page 22 of Oil prices

After IOC, HPCL buys 2 mn bbl Russian crude, MRPL seeks 1 mn bbl

Western sanctions on Russia over its invasion of Ukraine has prompted many companies and countries to shun its oil.

March 17, 2022 17:58 IST

Stocks rise on Wall Street after oil prices tumble again

Oil prices tumbled more than 8 per cent, and a barrel of U.S. crude fell below USD 95 after starting…

March 15, 2022 21:01 IST

Oil falls below $100, eases pressure on oil companies

International oil prices, which shoot up since Russia invaded Ukraine, have swung about USD 40 per barrel in little more…

Updated: March 15, 2022 20:12 IST

"We are interested in further attracting Indian investment to the Russian oil and gas sector and expanding Russian companies' sales networks in India," Novak told Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri.

Russia seeks Indian investment in its oil and gas sector

Russia’s economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions…

March 12, 2022 17:26 IST

This prompted some banks to sell dollars on behalf of traders, who wanted to cover their existing bets placed in favour of the dollar, thereby supporting the sentiment for the rupee.

Rupee jumps 26 paise to 76.31 as oil cools

After falling 2.6% year-to-date, the rupee has been the worst performing currency in Asia after South Korea’s won. However, over…

March 11, 2022 01:30 IST

‘Geopolitical crisis may give central banks a fig leaf to slow the pace of hikes’

By Shankar Sharma Russia’s going to war against Ukraine will have a cascading effect on India. Higher oil prices will…

March 9, 2022 08:12 IST

In the Budget for FY23, Sitharaman had declared that the RBI would be launching a digital currency.

Oil price rise to hit economy, looking at options to mitigate impact: Finance minister Nirmala Sitharaman

Sitharaman has subsequently made it clear that the government has the ‘sovereign right’ to tax profits made from virtual digital…

March 9, 2022 01:15 IST

Oil price surges to highest since 2008, as brent hit $139/barrel, on delays in Iranian talks

Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global…

Updated: March 7, 2022 09:27 IST

India is now facing unaffordable oil and gas prices which could slow down economic activity, burden consumer savings and push the country back into a slowdown before it has recovered from the economic effects of the pandemic.

Global fuel-price shocks: Renewables can help avoid oil scalds

Guarding against fuel price shocks like the one created by the Russia-Ukraine war calls for diverting planned investments in fossil…

March 4, 2022 04:45 IST

The Euro STOXX was down 0.5% while the FTSE 100 weakened 0.65% and Germany's DAX dropped 0.89%.

Global Markets: Oil surge rattles markets as Ukraine conflict intensifies

European stocks fell at the open, failing to follow on from Wall Street’s late rally after Federal Reserve Chair Jerome…

March 3, 2022 18:40 IST

ATF price hiked by 3.3%; fifth increase this year

ATF price was hiked by Rs 3,010.87 per kilolitre or 3.22 per cent to Rs 93,530.66 per kl in the…

Updated: March 1, 2022 14:22 IST

"With a view to ensuring energy justice for its citizens and for just energy transition towards a net zero future, India stands ready to take appropriate action for ensuring ongoing supplies at stable prices," the statement said without elaborating.

India watching global energy markets, supports release of oil from strategic storage

The US is trying to do a coordinated release with other consuming nations to cool rates again. The statement did…

February 26, 2022 17:10 IST

According to analysts this would further accentuate the ongoing energy crisis in Europe.

Can Western allies do without Russia’s oil exports?

Even as the world is still coming out of the pandemic, an oil shock and subsequent economic slowdown is something…

February 26, 2022 05:30 IST

India buys 17 lakh tonne of sunflower oil from Ukraine, 5 lakh tonne from Russia and 3 lakh tonne from Argentina. Now if shipments stop, we will have huge shortage. Until now, shipments were delayed, but now there is uncertainty about the delivery itself,” Bajoria said.

Ukraine crisis: Supply of sunflower oil may be affected

“Sunoil is right now the cheapest edible oil, but buyers are sceptical about delivery. They are moving towards soy oil…

February 25, 2022 00:15 IST

In retaliation to the Russian attack, the United States, the European Union, Britain, Australia, Canada and Japan have announced sanctions targeting Russian banks and wealthy individuals while Germany halted a major gas pipeline project from Russia.

Oil at $103: No fears of supply disruption to India, prices a concern

Petrol costs Rs 95.41 a litre in Delhi and diesel is priced at Rs 86.67. This price is after accounting…

February 24, 2022 17:24 IST

Higher US production is likely and more Iranian oil may enter the market with a satisfactory conclusion over the on-going nuclear talks. Brent crude prices may fall to $87 a barrel in 2022 and $75 a barrel in the fourth quarter, according to the EIA.

Brace for the looming oil shock: Domestic crude production declining, need to work on building self-sufficiency in oil & gas

Prima facie, global oil prices close to $100 a barrel appear much higher than is warranted by demand-supply imbalances.

February 24, 2022 04:30 IST

Russia-Ukraine crisis may raise retail inflation in India on costlier transport, higher oil import bill

“Higher crude oil prices will keep CPI inflation higher for longer, obliging the RBI to raise rates more than the…

February 23, 2022 12:29 IST

Ostensibly, protests started over the price-hike of the LPG, which is used for vehicles by many Kazakhs. (AP)

Turmoil in Kazakhstan: Everything you need to know

Police resorted to armed action to quell the demonstrators in Almaty, Kazakhstan’s largest city and old capital.

Updated: January 10, 2022 10:32 IST

Related News

A Mumbai resident has alleged that a Blinkit delivery partner cancelled an order after delivering it and later demanded payment, with the situation escalating so much so that he allegedly threatened his wife and domestic help while he was away.

‘Getting threat calls at 5 am’: Blinkit customer alleges harassment over delivery dispute, tags Zomato CEO Deepinder Goyal

‘No job in Canada without…’: NRI who returned to India 1.5 years ago calls it ‘best decision’

motilal oswal top large cap picks 2026 bse hal icici bank

Top picks for 2026: 4 top brokerage bets with up to 49% upside potential

According to Legg, the disruption will be uneven across industries.

AI will end work-from-home, says Google DeepMind Co-Founder Shane Legg

Happy New Year 2026: 40+ wishes, messages, SMS, qoutes, status, greetings card, wallpapers, Photos and Pics

Happy New Year 2026: 40+ wishes, messages, SMS, qoutes, status, greetings card, wallpapers, photos and images

Govt bans popular painkiller drug Nimesulide; experts call the immediate ban unfair

Business News18 min ago

The Indian government has banned Nimesulide above 100 mg in tablets and syrup due to safety concerns, following a recommendation from ICMR. The drug has shown a CAGR of 8.4% in the past three years and is sold by multiple pharma companies. This decision has sparked controversy as it may harm businesses.

View all shorts