oil prices

Mumbai, March 20 Benchmark stock indices Sensex and Nifty gave up most of their intra-day gains to end nearly half a per cent higher on Friday, following intense buying in PSU bank, IT, and metal stocks amid concerns over further spikes in fuel-driven inflation.In another volatile session, the...

New Delhi, March 20 – Economic fragility in Pakistan has reached a critical stage following the US-Israel war with Iran, due to the drastic increase in oil prices and the widening trade gap, according to a report by a Pakistani media outlet.In terms of per capita income, economic growth rate...

New Delhi, March 20 Crude oil prices declined by Rs 190 to Rs 8,808 per barrel in futures trading on Friday as traders weighed the prospects of additional Iranian supply despite lingering geopolitical tensions in West Asia.On the Multi Commodity Exchange, crude oil for the April delivery ended...

March 20, New Delhi — Prices for oil and fuel cargoes have surged to record highs as supplies from the West Asia region remain severely restricted on the 21st day of the Iran war.Rising oil prices in physical markets—the trading hubs for oil transported by ships, rail cars, or stored in...

Mumbai, March 20 The rupee plunged by 60 paise to a fresh intra-day low of 93.49 against the US dollar on Friday as the greenback further strengthened and net outflows from Foreign Institutional Investors (FIIs) continued, amid the ongoing conflict in West Asia.Rising global crude oil prices...

Mumbai, March 20 The benchmark indices, Sensex and Nifty, rebounded in early trading on Friday after experiencing a significant decline in the previous session, driven by a slight decrease in crude oil prices.The 30-share BSE Sensex rose by 976.77 points to 75,184.01 in early trading. The...

Washington, March 20 – Rising costs of the Iran war and its impact on global markets are deepening divisions in Congress, with Republicans and Democrats questioning the scale and purpose of a proposed funding request that could exceed $200 billion, according to multiple US media reports.The...

Tehran, March 19 – Iran warned on Thursday that it would carry out more severe retaliatory strikes if the US and Israel attack its energy facilities again.Ebrahim Zolfaghari, spokesman for Iran's Khatam al-Anbiya Central Headquarters, said in a statement published by the Islamic Revolutionary...

Washington, March 19 – The United States is considering a series of emergency energy measures, including releasing more crude oil from its strategic reserves and easing restrictions on Iranian oil, as the White House moves to contain rising prices following fresh disruptions in global supply...

Gold and silver prices experienced a significant drop today following the latest policy decision announced by the US Federal Reserve overnight. On the Multi Commodity Exchange, gold futures were trading around 1%, or 1,313 rupees, lower at 151,712 rupees, while silver futures declined by 2%, or...

Washington, March 19 – The ongoing US military operations involving Iran are straining India’s energy security and testing its diplomatic balance, according to Lisa Curtis, a former White House official for South Asia, who said that New Delhi is navigating a complex and increasingly volatile...

Washington, March 19 – Federal Reserve Chair Jerome Powell said the US central bank was keeping interest rates unchanged as it monitored the fallout from higher oil prices and broader uncertainty linked to the conflict in the Middle East.On Wednesday (local time), Powell said the Federal Open...

New Delhi, March 18 Gold prices fell by Rs 256 to Rs 1.55 lakh per 10 grams in futures trading on Wednesday amid volatility, as investors remained cautious ahead of the US Federal Reserve's monetary policy decision.On the Multi Commodity Exchange (MCX), gold for April delivery decreased by Rs...

Seoul, March 17 – South Korean President Lee Jae Myung said on Tuesday that the government should prepare measures to mitigate the potential economic fallout under the worst-case scenario where the Middle East crisis becomes prolonged.Lee made the call as the Strait of Hormuz, a critical...

Washington, March 17 – The United States is allowing Iranian oil tankers to transit the Strait of Hormuz despite the ongoing conflict, as part of efforts to stabilize global energy supplies, Treasury Secretary Scott Besant said.“We are seeing more and more fuel ships start to go through. The...

March 16, New Delhi – The International Energy Agency (IEA) has announced the largest coordinated release of strategic oil reserves to stabilize global markets.Approximately 400 million barrels will be released, with supplies in Asia and Oceania starting immediately, and in Europe and the...

Beijing, March 16 China called on all countries on Monday to immediately halt military operations in West Asia in response to US President Donald Trump's appeal to help keep the Strait of Hormuz open for international transport, ruling out Beijing joining any international naval force that would...

New Delhi, March 16 Amid the raging conflict in West Asia, Israeli Ambassador to India, Reuven Azar, on Monday said "we are ready to stop hostilities if Iran changes course", and asserted that Tel Aviv has consulted "diplomatic channels" in the last few days, including its partners the US and...

New Delhi, March 16 – Pakistan has been severely affected by the Middle East crisis due to the war between Iran and Israel-United States. While it faces several challenges regarding whether or not to join the war due to an agreement with Saudi Arabia, the economic situation in Islamabad has...

Washington, March 16 – The war with Iran is causing concern in Washington and driving up oil prices. Fighting in the Strait of Hormuz is disrupting global energy flows. The conflict is also exacerbating political divisions in the United States.The conflict, now in its third week, has disrupted...