Global Oil prices

News

GLOBAL OIL PRICES NEWS

Trade war, Saudi quest to protect market share have oil prices spiralling; India not complaining

April 14, 2025 5:36 am

Oil prices hit their lowest in over four years with the benchmark Brent crude briefly even slipping below $60 per barrel earlier this week

Top 10 Largest Oil Producing and Consuming Countries in the World. (Express File Photo)

Top 10 largest oil-producing and consuming countries — Know where India stands

December 30, 2024 8:29 am

Top 10 largest Oil Producing and Consuming countries: India is the world's third-largest oil consumer, utilising around 5.05 million barrels per day and accounting for 5% of the global share, according to the EIA.

Last week, Moscow temporarily banned gasoline and diesel exports to most countries in order to stabilise the domestic market, fanning concerns of low products supply especially for heating oil as the Northern Hemisphere heads into winter.

Oil prices rise, tight supply back in focus

September 25, 2023 1:06 pm

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.

Ethanol – a saviour that gives savings

September 22, 2023 9:51 am

India needs clear research and development plan to scale up ethanol production

Food ministry calls meeting of edible oil companies for reduction in retail prices

July 06, 2022 12:08 pm

Last month, many edible oil firms reduced their prices by Rs 10-15 per litre.

Gujarat, Gujarat news, Oil prices, oil price, Global Oil prices, Gujarat farmers, Indian Express, India news, current affairs, Indian Express News Service, Express News Service, Express News, Indian Express India NewsSaurashtra has reported the largest sowing area of the crop with farmers having planted sesame in 1.01 lh.

Farmers sow more sesame seeds, groundnut as oil prices continue to soar

May 02, 2022 8:09 am

Farmers have sown sesame in 1.07 lakh hectares (lh) so far, around 85 per cent increase over the last year’s average sowing area of 58,291 ha, the latest data from the state agriculture department shows.

The unequal impact of oil price shock

April 07, 2022 9:06 am

Pranjul Bhandari writes: If oil prices remain elevated, it could drag growth down, raise inflation, and widen the twin fiscal and current account deficits.

Stocks drop after crude oil prices touch $130 per barrel

March 08, 2022 9:49 am

A barrel of US crude oil settled at $119.40 per barrel, up 3.2 per cent, after earlier touching $130.50. Brent crude, the international standard, settled at $123.21 per barrel, up 4.3 per cent, after earlier topping $139.

crude oil prices today, global oil prices wednesday, crude oil market news, brent crude oil price update, commodity market news, business news, indian express business

Oil gains trimmed as tensions on Iran strike recede for now

January 08, 2020 11:48 am

Prices gave up a large part of their gains after the early surges as analysts said market tension could ease as long as oil production facilities remain unaffected by attacks.

Asian shares stumble, oil surges after US air strikes in Iraq

January 03, 2020 1:50 pm

Iranian Major-General Qassem Soleimani, head of the elite Quds Force and top Iraqi militia commander Abu Mahdi al-Muhandis were killed early on Friday in a US air strike on their convoy at Baghdad airport, the Pentagon said.