New Delhi, March 2 Shares of oil marketing companies and paint manufacturers declined on Monday, in line with the weak trend in equities, as the deepening conflict in West Asia drove crude oil prices higher.The stock of Indian Oil Corporation tumbled by 4.53 per cent, Hindustan Petroleum...
New Delhi, March 2 As the military conflict in the Middle East escalates, India's Ministry of Oil said on Monday that it is continuously monitoring the evolving situation and will take all necessary steps to ensure the availability and affordability of key petroleum products in the country...
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In New Delhi, March 2 Oil prices could rise above $100 per barrel if tanker traffic through the Strait of Hormuz is not quickly restored, as the waterway's closure threatens to disrupt 15% of global oil supply and 20% of global LNG supply, according to consultancy Wood Mackenzie.Following US...
New Delhi, March 2 Crude oil prices rose by Rs 504 on Monday, hitting a record high of Rs 6,596 per barrel in futures trading, amid escalating tensions in the Middle East.On the Multi Commodity Exchange, crude oil for April delivery rose by Rs 504, or 8.27%, to Rs 6,596 per barrel in 10,530...
New Delhi, March 1 Stock markets will react negatively on Monday due to the escalating crisis in the Middle East, and the impact on equities will depend on how long the conflict lasts, analysts said.The US and Israel attacked Iran on Saturday. Iranian state media confirmed early Sunday that...
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New Delhi, March 1 With sufficient crude oil reserves to meet at least 10 days of needs and fuel stocks covering another 5-7 days, India is unlikely to face any immediate disruptions in oil supplies due to the closure of the Strait of Hormuz, officials said.Even as developments related to the...
Washington, February 28 – US President Donald Trump highlighted a new oil arrangement with Venezuela during remarks at a major Texas export hub, arguing that expanded refining and exports from Corpus Christi signal a historic American energy revival.Speaking at the Port of Corpus Christi...
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Washington, February 28 – The United States designated Iran as a “State Sponsor of Wrongful Detention,” escalating pressure on Tehran even as lawmakers sparred over the risks of a wider conflict.“Today, I am designating Iran as a State Sponsor of Wrongful Detention,” said Secretary of State...
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Mumbai, February 27 The rupee declined by 17 paise to settle at 91.08 against the US dollar on Friday, weighed down by a massive outflow of foreign funds and a sharp rise in global crude oil prices amid geopolitical uncertainties.Negative sentiment in the domestic equity markets further put...
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New Delhi, February 27 Crude oil prices fell by Rs 72 to Rs 5,981 per barrel in futures trading on Friday, despite strong global trends, as participants took profits.On the Multi Commodity Exchange, crude oil futures for March delivery declined by Rs 72, or 1.19 per cent, to Rs 5,981 per...
Mumbai, February 27 The rupee fell by 4 paise to 90.95 against the US dollar in the early trade on Friday, weighed down by outflows from foreign institutional investors and a decline in the domestic equity markets in the morning session.However, a weaker US dollar and a drop in global crude...
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New Delhi, February 26 Crude oil prices fell by ₹14 to ₹5,975 per barrel in futures trading on Thursday, amid global uncertainties.On the Multi Commodity Exchange, crude oil futures for March delivery declined by ₹14, or 0.23 per cent, to ₹5,975 per barrel in a trading volume of 1,045 lots...
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Global oil prices remained near seven-month highs yesterday, supported by rising geopolitical tensions between the United States and Iran, despite growing American crude inventories indicating concerns about oversupply. Brent crude futures were trading around $71 per barrel in London, up about...
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New Delhi, February 25 Crude oil prices rose by Rs 17 to Rs 6,025 per barrel in futures trading on Wednesday, as participants increased their positions following strong spot demand.On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 17, or 0.28 percent, at Rs...
New Delhi, February 24 – Negotiations for the proposed free trade agreement between India and the Gulf Cooperation Council (GCC) were formally launched here on Tuesday with the signing of a joint statement by Commerce and Industry Minister Piyush Goyal and GCC Secretary General Jasem Mohamed...
New Delhi, February 24 Crude oil prices rose by Rs 50 to Rs 6,095 per barrel in futures trading on Tuesday, as participants increased their positions in response to strong spot demand.On the Multi Commodity Exchange, crude oil for March delivery rose by Rs 50, or 0.83%, to Rs 6,095 per barrel...
New Delhi, February 23 Crude oil prices fell by Rs 76 to Rs 5,981 per barrel in futures trading on Monday, amid weak global benchmarks.On the Multi Commodity Exchange, crude oil futures for March delivery declined by Rs 76, or 1.25 per cent, to Rs 5,981 per barrel in a business turnover of...
New Delhi, February 21 India will now face a lower reciprocal tariff of 10 percent, down from 25 percent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping duties on several nations.According...
New Delhi, February 19 Crude oil prices rose by Rs 38 to Rs 5,951 per barrel in futures trading on Thursday, as participants increased their positions in response to strong spot demand.On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 38, or 0.64 per cent, at Rs...
New Delhi, February 18 India wants to diversify its sources of crude oil and coking coal, and would "love" to source high-quality coking coal from the US, Commerce and Industry Minister Piyush Goyal said on Wednesday.He also said that the US can provide certain goods that India desperately...