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Thursday, August 14, 2025
TopicCrude oil prices

Topic: Crude oil prices

India’s petroleum demand has crashed by 70% as country has come to a near-halt

Consumption for the entire month could average about 50% below last year’s levels if the lockdown ends 15 April as planned.

Oil prices plummet to 17-year low as demand sinks and crude surplus balloons

Oil futures in London fell as much as 7.6% to the lowest since November 2002, while New York crude briefly dipped below $20 a barrel.

An economic crash will slow down the electric vehicle revolution, but not for long

Sales in Europe still are expected to increase 50% from last year and China sales could be flat or drop if the recovery from the virus drags on.

LIC to stock market rescue, from corona to coronary & government’s social distancing

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

When stock markets meet IPL in times of coronavirus & another ‘PSA’ against Farooq Abdullah

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

Global economic chaos of 2020 can’t match 2008 but the gut punch feels familiar

The panic that comes with uncontrollable loss of years of meticulously amassed wealth has activated muscle memory for people who were around in 2008.

Mukesh Ambani loses $5.8 billion, is no longer Asia’s richest man after Monday’s oil rout

Jack Ma, the Alibaba Group founder, who ceded No. 1 ranking in mid-2018, is back on top with about $2.6 billion more than Mukesh Ambani.

Why oil prices are going down and how it affects the Indian economy

As Saudi Arabia initiated a price war against Russia, the crude oil price fell by 30%, registering its single-largest fall since 1990 Gulf War.

Oil crash sends new shock through world economy already crippled by coronavirus

The oil crash imposes another body blow for credit markets, thanks to the energy industry’s outsize share of US high-yield securities.

Oil price crashes to $31 a barrel, the worst loss since 1991 Gulf War

With oil demand already plummeting due to the economic impact of the coronavirus, traders forecast that prices will go even lower.

On Camera

Biting terror, doggone dilemma, urban menace. Indian TV war over Delhi street dogs

News channels were also in two minds about removing stray dogs to the government dog pounds. NDTV took credit for it and CNN-News 18 called ‘controversial order’.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

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.