![Global oil price drop of over $4 a barrel spells benefits for India Global oil price drop of over $4 a barrel spells benefits for India](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F16473637167054ezgifcomaviftojpgconverterjpg_1717572428796.jpg&w=3840&q=8)
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](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fdownload-5jpg_1714638490139.jpg&w=3840&q=8)
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 and LNG (Liquefied Natural Gas) prices are likely to shoot](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Foilnaijpg_1713687272638.jpg&w=3840&q=8)
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. 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.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Foip-31jpeg_1712119431734.jpeg&w=3840&q=8)
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.
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