September 19, 2024, 05:04 PM - 3 min read
Oil prices remain volatile, fluctuating between USD 70 and USD 75 per barrel. Despite a recent drop in crude prices, fuel rates in India remain frozen. State-owned retailers may adjust prices before Maharashtra elections, but uncertainty over future price trends continues.
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August 5, 2024, 04:31 PM - 2 min read
Apart from strengthening the external balance, a decline in oil prices also leads to lower prices of petrol, diesel and LPG in the domestic market, which in turn eases inflation in the country.
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August 5, 2024, 03:32 PM - 2 min read
India benefits from an eight-month low in oil prices at $75.8 a barrel, reducing its import bill and current account deficit. Strategic purchases of discounted Russian oil have saved India $7.9 billion in FY2022-23, strengthening the Rupee and easing inflation.
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June 5, 2024, 12:57 PM - 2 min 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.
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May 2, 2024, 01:58 PM - 2 min 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.
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April 21, 2024, 01:44 PM - 2 min 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.
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April 3, 2024, 10:13 AM - 2 min 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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