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OIL PRICE NEWS

Oil cos wary of avoiding UK-like situation as petrol, diesel prices hit new highs

October 04, 2021 4:30 am

According to a price notification of state-owned fuel retailers, petrol saw the third straight hike in prices, rising 25 paise a litre, while diesel rose 30 paise. In Delhi, both fuels hit their highest ever level, with petrol at Rs 102.39 and diesel at Rs 90.77 per litre.

Oil prices, oil price negative, oil barrel price, coronavirus,

Oil rebounds from record wipeout with prices edging above zero

April 21, 2020 6:58 am

With the coronavirus pandemic bringing the US and much of the global economy to a standstill, processors are using far less crude, leaving so much unused oil sloshing around that American energy companies are running out of room to store it. And if there’s no place to put the oil, nobody wants a crude contract that is about to come due.

Fears of surge in oil price, Govt looks outside Gulf

January 04, 2020 8:15 am

It is estimated that a $10-per-barrel increase in the price of oil would negatively impact India’s growth by 0.2-0.3 percentage points and worsen the Current Account Deficit (CAD) by $9-10 billion dollars.

share market trade

Markets, Rupee, Gold, Petrol, Diesel Price Highlights: Sensex, Nifty snap 2-day winning streak as HDFC Bank, RIL falter

November 18, 2019 4:19 pm

Share Market, Rupee, Gold, Petrol, Diesel Price/Rate Highlights: All that took place in the markets on Monday.

Petrol, diesel prices up for 4th straight day as US strike roils oil market

Surge in external debt adds to worry over oil price hike

October 03, 2019 7:07 am

The growth in external debt over the last one year is the highest seen in the last five years since the 11.8 per cent growth recorded in June 2014.

Oil price, Oil market, Middle East, Iran, Tanker attack, US-Iran, Middle tensions, Gulf of Oman, Oil Supplies, World news, United States, Donald Trump, Indian express news, Latest news

Oil prices hit Nov 2018 highs on report US will end Iran oil sanction waivers

April 22, 2019 8:14 am

Brent crude futures rose above $72.90 for the first time since November 2018 on Monday, hitting a high of $72.93 shortly after 0100 GMT, high of $72.70 per barrel at 0115 GMT, up 1.3 percent from their last close.

CPI(M) calls for all-India protest on May 8 against oil price hike

CPI(M) calls for an all-India protest on May 8 against oil price hike

April 27, 2018 5:15 pm

"The CPI(M) demands that the central government should immediately roll back the duty to provide some relief to the people who are coming under tremendous burden.

Raosaheb Danve made MoS, state likely to get a new BJP president

BJP's Raosaheb Danve defends drought cess on petrol: ‘Should be prepared for any situation’

September 28, 2017 3:13 am

“One can’t predict a drought. It takes place once in three years, in some area or the other... so, the drought cess on petrol, introduced by the state government, would continue,” said Raosaheb Danve.

China imports, Oil prices, brent crude oil, oil companies, opec, Oil and petroleum countries, oil & petroleum countries, Opec countries, OPEC meeting, opec meeting results, oil prices drop, business news, world news, latest news

Dollar slump raises oil prices after well-below-forecast US jobs report

June 06, 2016 10:44 am

Borrowing costs are not seen to rise before September at the earliest, the dollar tumbled, making oil cheaper for anyone buying it with other currencies.

Oil prices, oil companies, opec, Oil and petroleum countries, oil & petroleum countries, Opec countries, OPEC meeting, opec meeting results, oil prices drop, business news, world news, latest news

Oil prices drop amid weak data; OPEC fails again to set an output quota

June 04, 2016 12:21 pm

The West Texas Intermediate lost 55 cents while Brent crude for August delivery decreased 40 cents.

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