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oil price News

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

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 an all-India protest on May 8 against oil price hike

"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.

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

“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.

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

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

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

Oil at fresh 2016 highs on hopes of supply glut easing

Chinese crude refineries also processed crude at record rates in April while production dipped to a 14-month low, Bloomberg News reported citing government data released at the weekend.

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Barring oil items, export situation not really bad

During April-November 2015, total exports in dollar terms fell to $174.3 billion from $213.8 billion in same period last year.

Global oil price crash brings a windfall for the govt, just a dribble for farmers

The Centre has defended its decision not to pass on the entire benefit of declining oil prices to consumers.

The slump, the opportunity

A few things the Indian government could do while oil prices are falling.

Oil price slide likely to cushion shortfall from disinvestments

The finance ministry is banking on these savings to meet any shortfall in revenue from stake sales in public sector units that is necessary to meet the fiscal deficit target.

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