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CRUDE OIL PRICE NEWS

While India’s macroeconomic health is in a “relative goldilocks situation”, the prevailing global uncertainty means these may be “nervous but exciting times” for the economy, the Ministry of Finance said on Friday.

Nervous but exciting times for the Indian economy, says Finance Ministry

June 27, 2025 8:14 pm

In its monthly economic review report for May, the Ministry of Finance said on Friday that India’s growth and fiscal outlook for the current fiscal would have been “threatened” had higher crude oil prices persisted due to the Israel-Iran war.

Brent crude oil prices were at $80.79 per barrel on January 17 (before Donald Trump’s inauguration) but dropped to $78.26 a barrel on January 24.

Easing crude oil prices: What does it mean for India?

January 25, 2025 12:38 pm

For India, lower crude prices are expected to be a boon as they will reduce oil import costs, narrow the current account deficit and bring inflation down.

crude oil, crude oil prices, crude oil price, crude oil imports, global crude oil prices, crude oil production, Indian express news, current affairs

Subdued crude prices help lower India’s oil import bill in Sep-Nov even as volumes rise

December 26, 2024 8:31 am

A downward pressure on international oil prices, and consequently on India’s oil import bill, is a positive for the country due to its extremely high dependence on oil imports.

Crude oil prices rise on slower US inflation, strong demand

May 16, 2024 1:43 pm

U.S. consumer prices rose less than expected in April in a boost to financial market expectations for a September rate cut by the Federal Reserve.

Crude oil prices slip on signs of weak fuel demand, strong dollar

May 13, 2024 12:42 pm

Brent crude futures slid 7 cents, or 0.1%, to $82.72 a barrel while US West Texas Intermediate crude futures were at $78.21 a barrel, down 5 cents.

Crude oil climbs after Israel strikes Gaza, truce talks continue

May 07, 2024 4:58 pm

Brent crude futures were up 9 cents, or 0.11%, at $83.42 per barrel while US West Texas Intermediate (WTI) crude futures rose 7 cents, or 0.09%, to $78.55 a barrel.

Crude oil prices set for steepest weekly drop in three months

May 03, 2024 1:03 pm

Brent crude futures for July rose 14 cents to $83.82 a barrel by 0646 GMT. US West Texas Intermediate crude for June was up 16 cents, or 0.2%, to $79.11 per barrel.

Oil prices falls for a third consecutive day as Middle East ceasefire hopes rise

May 01, 2024 12:04 pm

Brent crude futures for July fell 70 cents, or 0.8%, to $85.63 a barrel by 0456 GMT. U.S. West Texas Intermediate crude for June declined 75 cents, or 0.9%, to $81.18 per barrel.

Oil prices remain steady as market weighs US demand concerns, Middle East conflict risks

April 25, 2024 12:35 pm

Brent crude futures inched up 18 cents, or 0.2%, to $88.20 a barrel at 0630 GMT, while U.S. West Texas Intermediate crude futures gained 13 cents, or 0.2%, to $82.94 a barrel.

Crude oil prices stabilise as West Asian tension remains in focus

April 23, 2024 1:09 pm

Both benchmarks fell 29 cents in the previous session on signs that a recent escalation of tensions between Israel and Iran had little near-term impact on oil supplies from the region.

Nepal’s Home Minister Ramesh Lekhak resigns after 19 killed in ‘Gen Z’ protests

World7 hr ago

Nepal's Home Minister Ramesh Lekhak has resigned after 19 people died during youth-led protests demanding reforms and accountability. The protests spread across major cities and police opened fire on demonstrators. Lekhak tendered his resignation to Prime Minister KP Sharma Oli during a Cabinet meeting, following calls from Nepali Congress leaders earlier in the day.

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