Global Oil Prices
Global Oil Prices News
Oil prices surge again as OPEC+ decides against boosting output to ease inflation
Some economists are worried that sustained oil prices of $80 per barrel could undermine the recovery of the global economy, already under strain from snags in supply chains.
Oil ebbs as China's slowest GDP growth in almost three decades stokes demand fears
Oil prices slid on Friday on jitters over demand from China after the world’s largest oil importer recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States
Indian currency is not breaking, it's broken: Rahul Gandhi on rupee hitting new record low of Rs 73.77
Rahul Gandhi Wednesday hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian Rupee.
Govt need not respond to daily, weekly changes in oil prices, says NITI Aayog vice-chairman Rajiv Kumar
Petrol and diesel prices in the country have been rising owing to a sharp rise in global crude oil rates.
Sensex falls 179 points, Nifty ends below 10,600 on weak rupee, F&O expiry
The BSE Sensex slumped over 179 points to end at 35,037.64 on Thursday after the rupee collapsed to a lifetime low against the US dollar amid firming crude oil prices.
Sensex soars 128 points in early trade on firm global cues; Rupee takes more losses, sheds 10 paise against dollar
The 30-share Sensex, which gained 403.97 points in the previous three sessions, added 128.08 points, or 0.36 percent, at 35,447.43.
Budget 2018: Oil ministry seeks cut in excise duty on petrol, diesel to cushion impact of rising crude prices
Prime Minister Narendra Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.
December quarter GDP growth surprising, says Fitch Ratings
The rating agency, however, projected a robust 7.1 percent growth for 2016-17 and 7.7 percent in the following two financial years (2017-18 and 2018-19).
Too big a trade partner: Why Indian politicians' call to boycott Chinese goods will fail
Indian politicians are currently leading a campaign to boycott Chinese goods. But an IndiaSpend analysis shows why this will fail: China is India's largest trade partner, a sixth of India’s imports are Chinese, up from a tenth in 2011-12, while India’s exports to its rival have halved over the same period.
NAM Summit: Venezuela seeks to gather support for a global deal to bolster oil prices
The NAM summit of leaders gets underway in Margarita Island on Saturday, where Venezuela will gather support for a global deal to bolster oil prices
Petrol price cut by 50 paise per litre, diesel by 46 paise
Petrol price was on Tuesday cut by 50 paise and diesel by 46 paise a litre, much lower than an anticipated decrease.
Perils of long-term forecasting: How Goldman got it all wrong
Goldman Sachs, the global financial services major, had released an extremely bullish report on India in November 2012. And yet India's growth trajectory is nowhere close to that prediction.
Diesel price rise: Was the UPA bold or just cornered?
Some experts feel that the UPA was cornered into taking this decision after a long time but the long term effects of this decision on the impending elections are still uncertain.
Global effort needed to counter speculation in oil, says Jaipal Reddy
India's petroleum minister S Jaipal Reddy on Tuesday called for a concerted global effort against increasing speculation and paper barrels, which contribute to sustained high international oil prices.