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Oil Prices
Business  /  Published 10.03.20

Crude shock for Reliance Industries-Aramco deal

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...
By Our Special Correspondent in Mumbai

India  /  Published 09.03.20

Markets crash over oil, virus fears

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...
By TT Bureau in Mumbai

Business  /  Published 09.03.20

Price cut eludes motor consumers

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...
By R. Suryamurthy in New Delhi

Business  /  Published 09.03.20

Sensex falls 1,500 points

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...
By PTI in Mumbai

Business  /  Published 17.02.19

Crude bill spurts fear

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...
By R. Suryamurthy in New Delhi

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Business  /  Published 27.01.20

Gas tiff with Qatar lingers

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...
By Our Special Correspondent in New Delhi

Business  /  Published 11.12.18

Close vigil on Opec

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...
By Our Special Correspondent in New Delhi

Business  /  Published 12.11.18

Rupee falls below 73 against US dollar

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...
By PTI in Mumbai

Business  /  Published 31.05.20

Refiners rush to ramp up capacity

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...
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


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