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Tuesday, August 12, 2025
TopicCrude oil prices

Topic: Crude oil prices

46% Indians likely to cancel summer plans as Ukraine crisis pushes up airfares, survey finds

Conflict has come as a dampener for those who were ready with packed bags after Covid restrictions eased; most are now looking for alternate modes of travel.

Oil soars to highest level since 2008 as Russia’s invasion of Ukraine upends market

Buyers are continuing to avoid Russian crude as they navigate financial sanctions on Russia, and traders are betting prices will keep rising. OPEC+ is still sitting on the sidelines.

Who will solve Ukraine evacuation puzzle, and where IAF should land when bringing students back

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

You think inflation is already high? Wait until petrol-diesel prices jump after elections

Consumers in India have enjoyed artificial respite from rising global prices since 4 November — crude has gone up by almost $14 a barrel — and oil companies need to make up for losses.

Oil soars to 7-year high with market bolstered by resilient demand

Oil’s rally poses a challenge for consuming nations and central banks as they try to stave off inflation while supporting global growth.

Oil price paradox: Why Modi govt is alarmed by edible oil prices but not petrol & diesel

Both the heavily imported commodities have witnessed double-digit inflation but one is set to become cheaper. 

Modi govt again urges OPEC+ to boost oil supply as rising fuel prices push inflation

It’s not the first time that India has voiced concern over OPEC’s output policy. In Jan, Oil minister Dharmendra Pradhan said OPEC's policy was 'creating confusion for consuming countries'.

India pitches for easing cuts in crude oil production: MEA

MEA spokesperson Arindam Bagchi also said that crude supply should be market determined rather than artificially managed.

India’s petrol, diesel demand yet to recover fully despite end of Covid lockdown

Operations across 23 refineries nationwide were at 77% of capacity in May & amount of crude processed was almost 25% lower year-on-year.

Saudi Arabia faces a double crisis and people are waking up to a harsh new reality

With plunging crude prices and coronavirus shutdowns, the non-oil economy in Saudi Arabia is expected to contract for the first time in over 30 years.

On Camera

Hrithik Roshan & Jr NTR in Janaab-e-Aali is exactly what a dance-off should not be

Forget comparing it with classics like Hrithik’s Ek Pal Ka Jeena or the slick title track of Dhoom 2, Janaab-e-Aali does not even come close to Ghungroo.

How mining, manufacturing & power sectors weighed on India’s industrial output since January 2024

India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.

India expands Southeast Asia defence footprint with new joint venture in Philippines

Memorandum of understanding between SMPP and ADFC was signed during state visit of Philippines’ President to India earlier this month.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.