Israel-Hamas conflict could spike oil, other commodity prices: World Bank
Oil prices are expected to average $90 a barrel in the current quarter before declining to an average of $81 a barrel next year as global economic growth slows.
oil prices
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Oil prices jump 5% amid Israel-Gaza war
High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India, says Moody's.
Economic Survey 2023: Inflation to behave well in FY24, says CEA
CEA V. Anantha Nageswaran says if the global economy slows down, as IMF and others have projects, then commodity prices should retreat on monetary tightening
Brent crude hits a month low, but petrol, diesel prices remain steady
Brent crude oil price has fallen 9.2% in the last two days to $78.01 per barrel, the lowest level since December 12, 2022.
States have fiscal space to cut fuel by up to ₹5/litre: SBI
States gained ₹49,229 cr from VAT revenue on fuel when oil prices were increasing and they will forego only ₹15,021 cr after oil price has been downwardly adjusted through excise cut by the Centre.
Ukraine crisis: Govt will use oil reserves to curb volatility, says Fin Min
The government is committed to use the deploy strategic petroleum reserves to contain market volatility, says the finance ministry.
Russia-Ukraine war: Feb trade data grim alert for India as crude spikes
Though, Russia is a marginal trade partner with barely 1.4% of India's import and 0.9% of exports, spike in crude and commodity prices will elevate inflation and dent consumer demand.
Brent crude nears $140 as US weighs ban on oil imports from Russia
State-run oil marketing companies in India have yet to hike retail prices of petrol and diesel.
Oil at $90: Why it's an alarm bell for Indian economy?
The Brent crude price is now at around $90 a barrel while the Indian basket costs around $87.
Disruption in 2022! Crude oil to top $90; S&P to slip 5%: Morgan Stanley
The firm's strategists believe that S&P 500 index could decline 5% in 2022 while developed markets could end the year higher.
