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Topic: Oil Prices

A crude oil tanker from Kharg Island oil terminal in the Persian Gulf, Iran | Bloomberg

Iran’s biggest oil clients put imports on hold as they wait to see if US extends waivers

Most Asian buyers are avoiding imports for next month as it’s unclear what will happen to the exemptions that expire in the first week of May.
A Bharat Petroleum Corp. oil refinery in the Mahul area of Mumbai | Bloomberg

Oil prices are climbing again and that’s bad news for inflation outlook

Crude prices are at 5-month high and pose a risk to benign inflation expectations that allowed RBI to cut rates.
A roadside vendor sells festive Christmas hats and hairbands in Mumbai

Tumbling oil prices have delivered an early Christmas present to India’s currency market

Rupee on course for its best quarter since March 2017.
A bronze bull statue at the Bombay Stock Exchange (BSE) in Mumbai | Dhiraj Singh/Bloomberg

Bond bulls return to India to fuel best quarter in over year

Expectations of rate increase by the RBI have weakened after the slump in price on Brent crude. Mumbai: Oil’s price collapse is driving India’s sovereign bonds to their best quarter in more than a year. Expectations of rate increases by the central bank have weakened after the slump in the price of Brent crude -- India’s top import -- and the easing in retail inflation to a 13-month low. The debt-buying support from the Reserve Bank of India has given investors another reason to cheer the end of the longest stretch of losses since 2011. “Given that rates are likely to remain unchanged on the back of a decline in inflation and a significant drop in oil prices, and growth likely to slow down, the outlook for bonds is fairly sanguine,” said Suyash Choudhary, head of fixed-income funds at IDFC Asset Management Co., which oversees 697 billion rupees ($9.9 billion). The RBI in...
Rupee

Modi should thank Trump & oil prices for rupee recovery

The reprieve couldn’t have come at a better time for Modi as the opposition has used rupee’s depreciation to criticise his economic management.
Indian rupee

Rupee to nosedive on rising oil prices & political uncertainty, says forecaster

With India importing 80 per cent of its oil needs, the rupee's weakness is also a reflection of the country's vulnerability to higher crude prices.
Narendra Modi

Modi govt is looking for money in all the wrong places

Modi govt needs money to appease voters but it shouldn’t resort to deceptive transactions involving listed public sector firms.
Representational image

India wants oil producers & traders to fund $1.5 billion emergency oil reserve

Getting investors to build storage facilities will have twin benefits: reduce strain on state finances & shield economy against volatile oil prices.

Palm oil producers hope India’s Diwali buying will boost their fortunes

With production in top growers climbing & prices hovering near 3-year lows, last chance to arrest palm oil’s decline is Indian demand ahead of Diwali.
An Indian 2,000 rupee, bottom, and 500 rupee banknotes

Oil shock puts rupee on course to beat taper-tantrum losses in 2013

Predictions that crude could return to $100 per barrel signal that things may get a lot worse for rupee in final 3 months of 2018.

On Camera

IAS poll observer: With Modi breaking rules, should EC give him special security treatment?

The Election Commission has suspended an IAS officer who had inspected PM Narendra Modi’s chopper in Odisha’s Sambalpur Tuesday.

Defence

Satellite images suggest that China is testing and weaponising its naval platforms for space denial

China is now testing laser ASAT weapons from its naval ships

China has already tested missile & EMP anti-satellite weapons from the ground. Now it’s using icebreaker ships in the Yellow Sea/Bohai Sea area.
National interest

Imran Khan’s ‘support’ for Modi shows BJP has walked into its own Pakistan trap

Modi & the BJP hope to return to power by exploiting the fear of Pakistan. Imran Khan has turned the tables and become a factor dividing Indian public opinion.