The coronavirus outbreak and the oil price crash are likely to impact Reliance Industries’ plan to become a zero net debt company by the end of the next fiscal.Amid soft crude oil prices and its eff...
Global stocks, oil prices, bond yields and the Indian rupee plunged on Manic Monday, rattled by an impending price war between Saudi Arabia and Russia in the oil markets and the rising fears of an eco...
Motorists in the country are unlikely to get the full benefit of the slump in global crude as the Modi government could hike the excise duty to shore up falling revenues because of the slowdown in the...
Equity benchmark Sensex plummeted over 1,500 points in opening session on Monday led by deepening rout in global markets amid rapidly-spreading coronavirus and sinking crude prices.Global oil benchmar...
The oil import bill for the current fiscal is set to jump 27 per cent to $112 billion because of a spike in global crude prices and the depreciation of the rupee, according to the latest estimates.The...
India and Qatar remained at odds over reviewing their long-term LNG contract, with New Delhi pointing to the dip in global spot prices for improved terms of supply even as Doha hammered on the sancti...
The impact of the recent decision by oil cartel Opec to cut output will be felt only in January, the government said on Tuesday.“Let us wait and watch to see what happens next… Any kind of rationi...
The rupee weakened further and dipped by 54 paise to 73.04 against the US dollar on Monday, owing to increased demand for the American currency from importers amid increasing global crude oil prices.I...
The oil industry expects fuel demand to start limping back to the pre-Covid period from this month with the relaxation in lockdown and increased movement of vehicles across the country.Analysts said a...
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 ...