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Thursday, August 18, 2022

Oil prices

OIL PRICES NEWS

Explained: Global edible oil prices crash; will other food commodities follow?

July 12, 2022 9:52 am

Palm oil down 43 per cent from March peak, sets the stage for easing of global food inflation.

Oil prices rise after EU bans most Russian oil imports

May 31, 2022 10:45 pm

Oil prices rose as Brent crude for July, which expires on Tuesday, rose $2.11, or 1.7%, to $123.78 a barrel after EU agreed to a partial and phased ban on Russia oil

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.

Growth, inflation risks from rising energy prices: Finance Ministry

April 08, 2022 1:02 am

'Heightened commodity prices, along with supply chain disruptions caused by geopolitical tensions between Russia and Ukraine pose a challenge to global economic activity'

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.

Oil climbs near $106 after jumping on doubts over peace talks

March 18, 2022 2:18 pm

Futures in New York rose to trade near $106 a barrel after jumping 8.4% on Thursday. Crude rallied after the Kremlin said a report of major progress in negotiations over Ukraine was “wrong,” but that discussions will continue.

Fertilisers likely to hike subsidy bill, but tax mop-up may keep deficit in check

March 14, 2022 7:00 am

Finance Ministry expects oil prices to cool off in the next 2-3 months as the impact of the geopolitical tensions may get eased by higher production from the United States and the OPEC member countries.

Domestic air fare up on oil spike, but flights abroad may get cheaper

March 14, 2022 7:56 am

According to data sourced from online travel agencies, fares on some of the trunk routes in the domestic sector have increased by 15-30 per cent just over the last two to four weeks.

Oil climbs, stocks yo-yo as US bans Russian crude imports

March 09, 2022 11:09 am

Oil has surged on worries global supplies will be disrupted because Russia is one of the world's largest energy producers.

Big hit on India: ‘Higher oil, food prices; duty rollback may help’

February 26, 2022 12:58 am

For every 10 percentage points increase in oil prices, retail inflation of India is expected to rise by 0.4 percentage points and GDP growth is expected to be reduced by 0.2 percentage points, Nomura said.

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