Globlal Crude Oil Prices

Windfall tax on crude oil slashed to Rs 3,500/tonne, duty on diesel hiked

Petrol and Aviation Turbine Fuel (ATF) have been exempted from the export levy

What we have learned three days into the price cap on Russian oil

The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation

Crude oil prices can rise up to $110 a barrel in 2023, say analysts

Brent crude oil prices have slipped nearly 15 per cent in the last few weeks, from a peak of around $98 a barrel to a little over $83 a barrel now despite OPEC+ cutting supply

Levy on fuel exports slashed; govt exempts SEZs from windfall tax

Move to benefit RIL, ONGC and Oil India

Rupee at a fresh new low as rising oil deepens CAD, inflation concerns

The domestic currency was trading at a fresh record low of 78.597 per US dollar against 78.34 per dollar at the previous close

British PM Boris Johnson visits Gulf, seeks more oil from Saudi Arabia, UAE

The British prime minister met Crown Prince Mohammed bin Zayed, the UAE's de facto ruler, in Abu Dhabi

Lessons from Ukraine crisis

It's time to cushion India from the same 'oil shock' story

Surge in global energy prices will hurt India, says IMF MD Georgieva

India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said IMF MD Kristalina Georgieva

Global oil prices fall most in 2 years as UAE supports output hike

Global oil prices fell on Wednesday by the most in nearly 2 years after OPEC member the UAE said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia

Oil retreats, but still above $100; no supply shocks for India

Brent crude oil surged past USD 105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine

Ukraine war fears pummel global stocks, lift oil to seven-year high

The broader Euro STOXX 600 fell as much as 1.9% to a seven-month low before clawing back some of its losses

$100 oil threatens to compound world economy's inflation shock

That's a worrying combination for the U.S. Federal Reserve and fellow central banks as they seek to contain the strongest price pressures in decades

India to release 5 mn barrels of crude from reserves in bid to cool prices

This coordinated release of crude oil from strategic reserves will be the first of its kind globally

Oil prices slip as investors turn cautious ahead of OPEC+ meeting

Oil prices fell about 1% amid investor jitters ahead of an OPEC+ meeting to decide whether the producers' group will extend large output cuts to balance global markets

Oil falls over 1% as markets whipsawed by US election uncertainty

Oil dropped as Democrat Joe Biden edged closer to the White House but the Republicans look likely to retain Senate control, decreasing the chances of any huge Covid-19 relief package

Covid-19 impact: India crude oil production plummets 5.5% in March

The cumulative crude oil production during 2019-20 was 32.1 million tonne, 5.95 per cent lower than production of 34.2 mt during the corresponding period of last year

Demand recovery, storage facility ramp up key for sanity in crude oil price

On Monday, the front-month US WTI benchmark crashed into negative territory for the first time ever in history

Markets set for a choppy ride amid coronavirus spread; Asia closes in green

Asia closes in green, but America and Europe were volatile amid uncertainty over stimulus

Global oil demand could nearly halve if coronavirus threat escalates

The outbreak comes at a time when geopolitical risks to oil supply are likely to remain elevated in 2020, as both the US and Iran continue their maximum pressure campaigns

Oil prices set for weekly gain as Opec, allies agree to extend output cuts

OPEC is likely to shoulder 340,000 bpd in fresh cuts and non-OPEC producers an extra 160,000 bpd, one source said on Friday