Crude Oil Prices
Business  /  Published 11.02.19

Modi offers tip on pricing of crude

Prime Minister Narendra Modi on Monday made a strong pitch for responsible pricing of crude oil that balances the interest of both producers and consumers amid concerns that volatility in oil prices c...
By Our Special Correspondent in New Delhi

Business  /  Published 26.12.19

Crude oil prices spike

Oil rose further above $67 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower US crude inventories, hopes of an end to the China-US trade dispute and Opec-led e...
By Reuters in London

Business  /  Published 22.11.18

Oil fall raises duty hike spectre

The government is planning to garner the windfall benefits of a slide in global crude prices by hiking excise duty to shore up its revenue to meet a shortfall in receipts from divestment and GST colle...
By R. Suryamurthy in New Delhi

Business  /  Published 20.11.18

Lower crude prices could slow down exports

Petroleum exports contribute over 17 per cent of the country’s overall trade basket.The trade deficit related to fuel items widened to $9.7 billion in October 2018 from $6.5 billion in September 201...
By R. Suryamurthy in New Delhi

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 18.05.19

Iran tweaks crude tactics

Iran has adopted new tactics and new destinations in shipping its oil exports following the re-imposition of US sanctions, a senior Iranian maritime official was quoted as saying on Saturday by the se...
By Reuters in Dubai

Business  /  Published 13.04.20

Truce fails to ignite oil prices

Oil prices fluctuated on Monday as the positive impact of major producers agreeing record global output cuts was offset by concerns they will not be sufficient to reduce a glut as the coronavirus pand...
By Reuters in London

Business  /  Published 04.04.20

Opec meet deferred

Opec and Russia have postponed a meeting planned for Monday until later next week, Opec sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who is to blame for plunging...
By Reuters in Moscow

India  /  Published 17.03.20

Congress: Government not passing on oil price benefits

The Congress on Tuesday slammed the government in the Lok Sabha for not passing on the benefits of low crude oil prices to the citizens.Congress House leader Adhir Chowdhury raised the issue during Ze...
By Our Special Correspondent in New Delhi

Business  /  Published 07.12.18

Crude price surge fuels rise in CAD

A higher trade gap fuelled by rising crude oil prices pushed India’s current account deficit (CAD) to near three per cent in the second quarter of this fiscal year.Data released by the Reserve Bank ...
By Our Special Correspondent in Mumbai


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