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Sunday, November 3, 2024
TopicCrude oil prices

Topic: Crude oil prices

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

Rob Verdnock -
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

Akshat Rathi -
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

Shubhangi Misra -
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

Soham Sen -
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

Liz Capo McCormick -
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

P. R. Sanjai -
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

Srijan Shukla -
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

Enda Curran -
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

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

Sensex tanks over 1,500 points on global equity rout, sinking oil prices

PTI -
ONGC was the top laggard in the Sensex pack, nosediving up to 11 per cent, followed by IndusInd Bank, RIL, PowerGrid, Tata Steel, L&T, SBI and Tech Mahindra.
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Opinion

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Ritesh Malik -
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Countdown to 2027 has begun. India must pick strategic alliance with US, balance with old friendships

AI can fix India’s reputation as a TB hub

Economy

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

ThePrint Team -
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Defence

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Keshav Padmanabhan -
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

National Interest

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

Shekhar Gupta -
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.

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