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Friday, March 29, 2024
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

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.