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Tuesday, April 23, 2024
TopicCrude oil prices

Topic: Crude oil prices

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.

The oil crash couldn’t have come at a better time for India’s rupee

As crude prices tanked, it brought relief for India: The rupee rebounded about 2% from a record low touched last month.

On Camera

Influencer is a real job. They are shaking up the internet

The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.

Economists vs statisticians — the battle being fought over the soul of India’s GDP data

Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.

‘No brides for Agniveers’: In Rajasthan’s ‘Shaheedon ki nagri’, few takers for defence coaching centres

Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.