oil prices

New Delhi, April 10 As the world grappled with the fallout of the West Asian conflict, External Affairs Minister S Jaishankar spoke to his Japanese counterpart Toshimitsu Motegi on Friday, primarily focusing on the passage of ships through the Strait of Hormuz.Motegi also conveyed Japan's...

Kathmandu, April 10 – The Asian Development Bank (ADB) has projected that Nepal's economic growth will significantly decelerate in the current fiscal year 2025–26 due to the impact of last year's civil unrest and the ongoing conflict in West Asia involving the United States, Iran, and Israel...

New Delhi, April 10 Crude oil prices rose by Rs 356 to Rs 9,289 per barrel in futures trading on Friday, as participants increased their positions following strong spot demand.On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 356 or 3.99 per cent at Rs 9,289 per...

Seoul, April 10 – South Korea's National Assembly is set to handle an additional budget bill on Friday aimed at coping with the economic fallout from the ongoing war in the Middle East.The additional budget, intended to ease the burden of rising oil prices and protect small businesses and...

Mumbai, April 9 Equity benchmark indices ended lower on Thursday, with the Sensex falling by 931 points after a spectacular rally in the previous session, as renewed tensions in West Asia dampened the optimism stemming from the ceasefire.The ceasefire agreement appeared to be in jeopardy after...

New Delhi, April 9 Gold prices trimmed early losses to trade higher at Rs 1.51 lakh per 10 grams in futures trading on Thursday, supported by cautious buying amid a fragile ceasefire between the US and Iran.On the Multi-Commodity Exchange, the yellow metal contract for June delivery opened...

New Delhi, April 9 The World Bank said on Thursday that India is well-positioned to weather the current global energy shock, with ample buffers, including high foreign exchange reserves, fiscal space, and low inflation, which will support growth despite global headwinds.Addressing a conference...

Seoul, April 9 – South Korean President Lee Jae Myung said on Thursday that it is time for the nation to fundamentally change its economic system, as rising oil prices and inflationary pressures from the war in the Middle East have dampened prospects for an economic recovery.However, Lee urged...

Washington, April 8 Concerned about rising oil prices and surprised by a resilient Iranian regime, the White House urged Pakistan to broker a temporary ceasefire with Tehran, the Financial Times reported on Wednesday.For weeks, the Trump administration had been pressuring Islamabad to convince...

Jerusalem, April 8 Israeli Prime Minister Benjamin Netanyahu said on Wednesday that the two-week ceasefire in the fight against Iran was "not the end of the war" but a "pause," as he vowed to achieve all war objectives, including the issue of Tehran's enriched uranium.The US and Iran had...

Global crude oil prices experienced a significant drop today following a ceasefire between the United States and Iran, which includes a commitment to resume navigation through the Strait of Hormuz. Brent crude was trading at almost 15.1% lower at $92.79 per barrel, while West Texas Intermediate...

New Delhi, April 8 India welcomed a two-week ceasefire between the US and Iran on Wednesday and called for "de-escalation, dialogue, and diplomacy" to ensure lasting peace in West Asia.New Delhi also expected unimpeded freedom of navigation and global flow of commerce through the Strait of...

Domestic equity indices surged by nearly four percent today, as oil prices declined following the announcement of a two-week ceasefire agreement between Washington and Tehran. The Sensex rose by 2,946 points to close at 77,563, while Nifty jumped by 874 points to settle at 23,997.In the...

Mumbai, April 8 The rupee appreciated by 47 paise to close at 92.59 (provisional) against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral...

New Delhi, April 8 Crude oil prices plummeted by 18 percent to Rs 8,775 per barrel in futures trading on Wednesday, following an agreement between the US and Iran to a two-week ceasefire and the reopening of the Strait of Hormuz, triggering heavy selling by traders as geopolitical risk vanished...

Mumbai, April 8 The rupee appreciated by 50 paise to 92.56 against the US dollar in early trading on Wednesday, following US President Donald Trump's announcement of a two-week suspension of military strikes against Iran.Forex traders said the announcement of a two-week ceasefire triggered a...

Washington, April 8 – Oil prices plummeted sharply after US President Donald Trump said he would pause planned military strikes against Iran for two weeks, easing fears of a wider conflict in the energy-rich Gulf region.US crude futures fell below $100 a barrel, reversing recent gains driven...

Beijing, April 7 China announced on Tuesday a further increase in gasoline and diesel prices, the second in about two weeks, due to rising international oil prices driven by the ongoing conflict in West Asia.China's top economic planner, the National Development and Reform Commission (NDRC)...

New Delhi, April 7 Crude oil prices rose by nearly 3 per cent to hit a record high of Rs 10,888 per barrel in futures trading on Tuesday, driven by strong global cues as tensions between the US and Iran intensified ahead of President Donald Trump's deadline for reopening the Strait of Hormuz...

New Delhi, April 7 Crude oil prices surged by Rs 300, hitting a record high of Rs 10,888 per barrel in futures trading on Tuesday, driven by strong global energy benchmarks amid persistent supply concerns and geopolitical tensions in West Asia.On the Multi Commodity Exchange (MCX), crude oil...