Friday, 30 September, 2022
TopicOil price

Topic: oil price

Surging oil prices could push more foreign funds out of India, South Korea

While stocks in Mumbai & Seoul have already taken hits from concerns over Fed rate hikes and a related tech selloff, analysts see both as more susceptible to risk-off sentiment.

Palm oil duty cut to reduce prices will fry domestic potential, self-reliance, say producers

Govt reduced import duty on palm oil earlier this month to bring down retail prices. Some oil and farm associations say it contradicts govt’s vision of 'Atmanirbhar Bharat'.

India to release 5 million barrels of crude oil from emergency stockpiles to cool prices

The US last week made the unusual request to some of the world’s largest oil-consuming nations to consider releasing crude oil in a coordinated effort to lower global energy prices.

Why Gulf Arab states should make the most of oil’s last boom

Even at $70 a barrel, the current prices do not meet fiscal break-even thresholds for most Gulf Arab states, and the gap between revenue & fiscal expenditure has been wide since 2015.

India’s oil demand is showing signs of bouncing back after record fall in April

Demand in May will be 25% higher than April as planting season begins, requiring tractors & water pumps to burn more diesel & lockdown is eased.

Fears of a second wave of virus infections pummels crude oil prices again

The collapse in consumption of oil demand caused by the coronavirus pandemic has forced countries around the world to cut crude output.

Negative oil prices were a warning, not an anomaly in the time of coronavirus

The negative oil price situation has arisen because there is still simply too much crude being produced in a world that can’t use it.

The Centre-state face-off on Covid-19 and Earth’s changing face

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

India set to gain on OPEC deal failure after oil windfall on coronavirus

Oil buyers will be 'spoiled for choice' as the supply of high-sulfur crude, which has tightened after US sanctions on Iran and Venezuela, will become more readily available now.

Why it’s time to scrap OPEC+

The expansion of OPEC into OPEC+ has added a new layer of complexity to the decision-making process while contributing little in the way of real output cuts.

On Camera

YourTurn

(L-R) Niharika NM, Danish Sait, Kusha Kapila and Tanmay Bhat on Koffee with Karan | YouTube screenshot

Koffee With Karan finale saves a boring season. Power has moved from Bollywood to influencers

The Koffee with Karan finale was finally entertainment, entertainment, entertainment, after the most boring season in a boycott-Bollywood world.
A file image of an Indian rupee note | Illustration: Thomas White/Reuters

Modi govt cuts planned borrowing to Rs 14.21 lakh crore for second half of FY23

Centre plans to borrow Rs 5.92 lakh crore in October-March period, compared with Rs 8.29 lakh crore of borrowing in the first half of the fiscal year that will end on September.

Defence

Pinaka is a multiple rocket launcher produced in India and developed by the DRDO for the Army | Twitter/@DRDO_India

As tensions rise with Azerbaijan, Armenia buys Pinaka rockets & ammunition from India

The government-to-government contract, valued at about Rs 2,000 cr, is learnt to have been signed earlier this month. Supplies to be fast-tracked according to Armenia's requirement.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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