Thursday, 29 September, 2022
TopicCrude oil prices

Topic: Crude oil prices

Amidst rising crude prices, a strong dollar poses problems

Crude has risen 70% in the past year while the dollar has gained just 10%, spawning balance-of-payments crises in many oil-importing nations.

Ukraine’s economy is crashing. It should exit war and build itself instead

Campus Voice is an initiative by ThePrint where young Indians get an opportunity to express their opinions on a prevalent issue.

India wants Russia to discount its oil to less than $70 a barrel

India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away.

India soaks up major Russian oil variety as flows persist

India is doubling down on Russian crude oil purchases despite warnings from the US, snapping up every major grade from the OPEC+ producer as its war in Ukraine nears a third month.

Indians must spread the word on why govt stance on Russia-Ukraine is in national interest

Campus Voice is an initiative by ThePrint where young Indians get an opportunity to express their opinions on a prevalent issue.

Chief economic adviser flags US rate hikes, oil prices as headwinds for Indian economy

V. Anantha Nageswaran says he is surprised by Fed's hawkishness in hiking rates. With US inflation hitting 4-decade high in February, Fed raised rates in March and plans more hikes.

Petrol, diesel prices shoot up by 80 paise, overall hike of Rs 5.60 in 9 days

This is the ninth increase in prices since the ending of a four-and-half-month long hiatus in rate revision on 22 March.

Girls can’t escape Taliban abyss, and besieged Boris Johnson’s missile-dodging dance

The best international cartoons of the week, chosen by editors at ThePrint.

Crude oil climbs to near $106, after gaining on doubts over peace talks between Russia-Ukraine

Market has been driven by developments surrounding the war & concerns about lockdowns in China, with a liquidity crunch adding to oil’s volatility, leaving prices vulnerable to big swings.

‘Carve outs’ in Western sanctions give India ‘option’ of meeting energy import needs from Russia

No government-to-government deal has been worked out so far, top-level official sources said. Nearly 85 per cent of India’s crude oil requirement is imported.

On Camera

YourTurn

(L-R) Niharika NM, Danish Sait, Kusha Kapila and Tanmay Bhat on Koffee with Karan | YouTube screenshot

Koffee With Karan finale saves a boring season. Power has moved from Bollywood to influencers

The Koffee with Karan finale was finally entertainment, entertainment, entertainment, after the most boring season in a boycott-Bollywood world.
European Commission President Ursula von der Leyen and EU Foreign Policy Chief Josep Borrell address the media on the Ukraine crisis in Brussels, Belgium, on 28 September 2022 | Yves Herman/Reuters

Oil price cap to blacklistings — EU slaps new ‘biting’ sanctions on Russia over Ukraine

Ursula von der Leyen, who proposed the fresh sanctions said the European Union is 'determined' to make Russia pay the price for the further escalation with Ukraine.

Defence

Pinaka is a multiple rocket launcher produced in India and developed by the DRDO for the Army | Twitter/@DRDO_India

As tensions rise with Azerbaijan, Armenia buys Pinaka rockets & ammunition from India

The government-to-government contract, valued at about Rs 2,000 cr, is learnt to have been signed earlier this month. Supplies to be fast-tracked according to Armenia's requirement.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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