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Crude Oil Prices
Business  /  Published 05.04.22

RBI may play safe on rates

While the RBI had projected inflation to come at 4.5 per cent in 2022-23 in its February policy, the note said that there is an upside risk due to various factors such as soaring crude oil prices. SB...
By Our Special Correspondent in Mumbai

Business  /  Published 31.03.22

Oil prices see spike of 3 per cent

Oil prices jumped by more than 3 per cent on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as Moscow and Kyiv held peace talks. Brent crude futur...
By Reuters in London

Business  /  Published 24.03.22

Crude marches above $120

Oil prices jumped 5 per cent to over $121 a barrel on Wednesday as a weather-related disruption to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries ...
By Reuters, PTI in London/New York

Business  /  Published 05.02.22

Crude surge raises stakes at RBI meet

Surging crude oil prices and its impact on domestic inflation have put the spotlight on possible RBI moves at the meeting of the apex bank's rate-setting body next week. Economists fear the spike...
By R. Suryamurthy in New Delhi

Business  /  Published 19.01.22

Stocks flounder, rupee sinks

A surge in crude oil prices and rising US interest rates sent stocks and the rupee tumbling on Tuesday while domestic bond yields-hovered around two-week highs. Benchmark indices crashed around 1 per...
By Our Special Correspondent in Mumbai

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Business  /  Published 19.01.22

Crude price surges to seven-year high

Benchmark oil prices climbed to their highest since 2014 on Tuesday as possible supply disruption after attacks in West Asia added to an already tight supply outlook. Brent crude futures rose $0.45, ...
By Our Special Correspondent in New Delhi

Business  /  Published 30.11.21

Crude price concern

The Modi government on Monday blamed external factors — increased international prices of crude and edible oils — for the surge in retail and wholesale inflation. “The uptrend in in...
By Our Special Correspondent in New Delhi

Business  /  Published 23.11.21

India to release crude oil

India will release 5 million barrels of crude oil from its emergency stockpile in tandem with the US, China, Japan, and other major economies to cool international oil prices, the government announced...
By Our Bureau, PTI in New Delhi

Business  /  Published 26.10.21

Twin hurdles to BPCL sale

The bid to cross the finishing line on the sale of BPCL by March is facing the twin hurdles of a global crude price spike and the growing shift away from fossil fuels to clean energy. The rapid-fire f...
By R. Suryamurthy in New Delhi

Business  /  Published 21.10.21

India squares off with Opec

India, the world’s third-largest energy consumer, on Wednesday warned that high oil prices will undermine global economic recovery and nudged Saudi Arabia and other Opec nations to work towards ...
By Our Special Correspondent in New Delhi


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