Friday, 2 December, 2022
TopicCrude oil prices

Topic: Crude oil prices

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.

India takes advantage of cheap oil prices, stores it at sea as onshore tanks full

Price of crude oil fell because of fall in consumption due to Covid-19 outbreak and price war between Saudi Arabia & Russia, that forced other producers to slash prices.

Recovery in oil consumption could take decades as aftermath of Covid crisis remains unclear

After the oil-price slump of the mid-1980s, it took two decades for prices to return to their previous levels — longer if you build in the effects of inflation.

Singapore’s coastline is packed with ships full of oil no one wants

About 60 fuel tankers are anchored along the busy strait, some being used to hoard fuel at sea, others waiting to be redirected to any willing buyer.

Should Modi govt let oil crash cushion finances or will lower retail prices revive economy?

The global oil slump has given Modi govt the cushion to hike fuel taxes to meet revenue shortfalls. But retail fuel prices still hover around pre-Covid-19 levels.

After asylum ban, US to temporarily halt immigration and could suspend work visas

From first global Covid-19 casualty for aviation industry to likely higher toll in Latin American countries — ThePrint brings you 8 important global stories linked to Covid-19.

Oil price falls below zero dollar a barrel, that’s right – below $0

The world’s most important commodity is quickly losing all value as chronic oversupply overwhelms the world’s crude tanks, pipelines and supertankers.

On Camera

YourTurn

File photo of Kerala Governor Arif Mohammed Khan | ANI

Arif Mohammad Khan vs Kerala govt isn’t a new faceoff. Old cases show Governor wears two hats

Under UGC provisions, a search committee is appointed to find suitable candidates for the V-C post. Governors make their selection from among these names.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.