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Crude Oil Prices
Business  /  Published 01.07.20

Shell plans to slash value of oil, gas assets

Royal Dutch Shell plans to slash the value of its oil and gas assets by up to $22 billion after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices, the Anglo-Dutch e...
By Reuters in London

Business  /  Published 14.06.20

Current account deficit reaps benefit

A fall in oil demand during the lockdown has reduced the prices and the amount of import but has helped to reduce the import bill as well as the country’s current account deficit at a time the Modi ...
By R. Suryamurthy in New Delhi

Business  /  Published 08.06.20

Oil slips despite cuts

Oil slipped on Monday after Saudi Arabia said an extension of output cuts by Opec+ nations would not include extra voluntary cuts by a trio of Gulf producers.Brent crude was down 14 cents, or 0.3 per ...
By Reuters and PTI in London

Business  /  Published 07.06.20

Oil cartel extends output cry till July

Opec, Russia and allies agreed on Saturday to extend record oil production cuts till the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost...
By Reuters in Moscow

Business  /  Published 06.06.20

Vedanta suffers loss

Diversified natural resources firm Vedanta on Saturday reported a consolidated net loss of Rs 12,521 crore during the fourth quarter of 2019-20 against a net profit of Rs 2,615 crore in the correspon...
By Our Special Correspondent in

Business  /  Published 03.06.20

Crude falls after hitting $40 a barrel

Oil fell on Wednesday after jumping for awhile above $40 a barrel, the highest since March, then retreating as doubts emerged about the timing and scale of a potential extension to the pact between Op...
By Reuters in New York

Business  /  Published 08.05.20

Crude tanks get filled up

India’s strategic crude oil reserves will be full by mid-May, petroleum miniser Dharmendra Pradhan said, giving a clear indication that the country has taken advantage of the slump in global crude p...
By Our Special Correspondent in New Delhi

Business  /  Published 07.05.20

Fuel duty windfall for government

The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed total incidence of taxation on auto ...
By Our Special Correspondent in New Delhi

Business  /  Published 01.05.20

Oil heads north as output cut begins

Oil rose towards $27 a barrel on Friday as Opec and its allies began a record output cut to tackle a supply glut weighing on the market due to the coronavirus crisis.The global oil benchmark, Brent cr...
By Reuters in London

India  /  Published 30.04.20

Even richest Ambani is cutting salary

Mukesh Ambani, Asia’s richest tycoon, on Thursday decided to forgo his salary as a slump in crude prices and demand for fuels at home led to a fall in quarterly profits at Reliance Industries for th...
By Our Special Correspondent in Mumbai


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