News Arena

Join us

Searched Tag: oil prices
Global oil price drop of over $4 a barrel spells benefits for India

India poised to benefit from falling oil prices

June 5, 2024, 12:27 AM - 3 mins read

India is set to benefit from a recent drop in oil prices, which fell over $4 a barrel this week to a four-month low due to OPEC+ increasing production and higher US crude stockpiles.

Read more
India saves $7.9 billion in oil import bill, lowers Current account deficit through Russian oil deals

India saves $7.9 billion in oil import bill, lowers Current account deficit through Russian oil deals

May 2, 2024, 01:28 AM - 3 mins read

During April this year, India imported more Russian oil but less from Iraq and Saudi Arabia than it did a month earlier, according to data compiled by trade tracking agencies Kpler and LSEG.

Read more
Oil and LNG (Liquefied Natural Gas) prices are likely to shoot

Oil, LNG prices to shoot up amid Iran-Iraq conflict

April 21, 2024, 01:14 AM - 7 mins read

India, which is more than 85% dependent on overseas suppliers to meet its crude oil needs, imports oil from Saudi, Iraq and UAE as well as liquefied natural gas (LNG) from Qatar through the Strait of Hormuz.

Read more
In early trade on Wednesday, benchmark equity indices Sensex and Nifty faced a downturn, influenced by weak global trends, escalated crude oil prices, and foreign fund outflows.

Equity markets decline amid global weakness and higher oil prices

April 2, 2024, 09:43 PM - 2 mins read

Among the Sensex constituents, 22 stocks trended downwards, with Bharti Airtel, Nestle India, Sun Pharma, and IndusInd Bank being the prominent decliners. Conversely, Ultratech Cement, Tech Mahindra, Axis Bank, and Tata Steel managed to sustain positive momentum.

Read more

TOP CATEGORIES

  • Nation

QUICK LINKS

About us Rss FeedSitemapPrivacy PolicyTerms & Condition
logo

2024 News Arena India Pvt Ltd | All rights reserved | The Ideaz Factory