oil prices

March 10, New Delhi — G7 energy ministers will discuss how to address soaring energy prices caused by the conflict in the Middle East on a call on Tuesday, while a group of European Union leaders will do so later in the day.Oil prices fell on Tuesday after reaching their highest level in more...

New Delhi, March 10 Prime Minister Narendra Modi met with several key ministers on Tuesday and asked them to work together to ensure that Indian consumers do not suffer from the impact of the conflict in West Asia on the supply and price of petroleum products, sources said.Amid rising tensions...

March 10, New Delhi – Pakistani Prime Minister Shehbaz Sharif announced on Monday that schools in Pakistan would be closed for two weeks and announced sweeping cuts in government fuel consumption and spending.He stated that these measures are aimed at controlling the situation arising from...

New Delhi, March 10 Crude oil prices plunged by over 8 per cent to Rs 8,069 per barrel in futures trading on Tuesday, following comments from US President Donald Trump that the conflict with Iran may be nearing its end, easing fears of prolonged supply disruptions.Ending a three-day rally...

March 10, New Delhi – Iran launched fresh strikes on energy installations in the Gulf on Monday, including a petroleum complex in Bahrain, as oil prices soared due to fears of supply disruptions caused by the escalating conflict in West Asia.The sprawling Al Ma'ameer oil facility in Bahrain...

Mumbai, March 10 The rupee rebounded from its all-time low in early trading on Tuesday, rising by 7 paise to 92.14 as global oil prices fell after US President Donald Trump said the war with Iran may end soon.A weaker dollar and a strong opening in the domestic equity markets further supported...

Washington, March 10 – Democratic lawmakers in the United States sharply criticised President Donald Trump’s war with Iran, as gasoline prices surged nationwide, urging the White House to release oil from the Strategic Petroleum Reserve to ease pressure on American families.Oil prices have...

US stocks closed higher after a remarkable turnaround, as oil prices fell from nearly $120 per barrel to below $90, according to reports from AP.

March 09, New Delhi — Rising tensions in the Middle East are fueling a worsening energy crisis across global markets, with oil prices surging past $114 per barrel for the first time since 2022.The international benchmark Brent Crude and the main US oil contract, West Texas Intermediate, rose...

New Delhi, March 9 India will not join the International Energy Agency (IEA) initiative to release strategic oil reserves as part of an effort to cool oil prices, top government sources said.India, the world's third-largest oil-importing and consuming nation, has 5.33 million tonnes of...

Mumbai, March 9 Maharashtra Chief Minister Devendra Fadnavis assured on Monday that the Union government was taking adequate steps to ensure energy security and prevent any shortage of essential resources amid the ongoing conflict in West Asia.Speaking to reporters at Vidhan Bhavan, Fadnavis...

New Delhi, March 9 Equity investors have lost approximately ₹22.40 lakh crore since the start of the conflict involving the US, Israel, and Iran, which has rattled stock markets, driving down the BSE Sensex by 4.6 per cent.The US and Israel launched military strikes on Iran on February 28...

March 09, New Delhi – Donald Trump downplayed the surge in global oil prices driven by the war on Sunday, describing it as a temporary inconvenience amid the ongoing US-led military campaign against Iran.In a post on Truth Social, Trump said that "short-term increases in oil prices will...

March 09, New Delhi – Stock markets across Asia plunged on Monday as oil prices surged more than 30 per cent following the near-complete shutdown of the Strait of Hormuz.In South Korea, the Kospi index dropped 6.7 per cent. Japan’s Nikkei 225 fell around 5.8 per cent after initially declining...

New York/Washington, March 9 The US has urged India to purchase Russian oil already floating at sea and redirect it to Indian refineries to "mitigate" fears of supply shortages and price spikes amid the ongoing West Asia conflict, Energy Secretary Chris Wright has said.However, the move, he...

Oil prices have exceeded $100 per barrel for the first time in over three and a half years, due to the ongoing conflict in Iran, which is disrupting production and shipping in the Middle East. The price of a barrel of Brent crude, the international standard, was trading at $101.19 yesterday, up...

Washington, March 8 The United States of America urged India to release more than 100 million barrels of Russian crude that was waiting offshore for Chinese refineries, in an effort to cool rising oil prices during the Iran conflict, Energy Secretary Chris Wright said on Sunday.Speaking in...

Washington, March 8 – US Energy Secretary Chris Wright said on Sunday that the US had asked India to purchase Russian oil cargoes that were waiting to be unloaded at Chinese refineries as a way to stabilize global energy markets during the ongoing conflict with Iran.In an interview with CNN...

New Delhi, March 7 The Congress on Saturday attacked the government over the rise in prices of domestic LPG cylinders, asking why the people of the country were being made to bear the consequences of Prime Minister Narendra Modi's foreign policy "failures".In a post on X, Congress president...

The US has given India permission to purchase Russian oil that is currently on ships in waterways, aiming to ease supply shortages globally amid the West Asia conflict."The world has ample oil supplies. Yesterday, the Treasury Department authorized our allies in India to begin buying Russian...