2024 Ahoy! Crude to determine health of economy
In FY23, India spent $157.5 billion on importing 232.7 million tonnes of crude oil.
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April 2020
August 2018
India to be largest contributor of increase in oil demand by 2045: OPEC
Titled as the 'World Oil Outlook 2045', the report says that India will add 6.6 mb/d (million barrels per day) to oil demand by 2045.
Global oil prices: India watching Israel-Palestine conflict closely, says Puri
Union oil minister says such uncertainties only encourage people to look for alternate sustainable ways
Be 'pragmatic' amid crude production cuts: Petroleum minister tells OPEC
These production cuts have been made despite growing energy demand, says Hardeep Singh Puri.
Commodity Bloc Vs Currency Bloc
US-led dollar bloc uses policy tightening to hit back at commodity producers led by Russia. Indian economy feels the heat.
Petrol, diesel prices to rise after OPEC oil production cut
OPEC Plus – a grouping of 23 oil-rich countries -- is meeting in Vienna on Wednesday to discuss a major production cut for the first time since March 2020.
Markets tank on oil futures crash
Both the BSE Sensex and Nifty 50 plunge nearly 4% intraday as fear grips equity markets after the historic collapse of U.S. crude oil prices on Monday.
The one bright spot in India’s economy
Amid slowdown blues India’s import bill is set to come down thanks to low crude oil prices, which will result in a surplus current account in FY21, last seen 17 years ago.
Markets end in red despite early gains
The Covid-19 data and uncertainties continue to scare the bulls as benchmark indices close in red after gaining nearly 4% in early trade.
The federal structure of fuel prices
Fuel prices are going through the roof, and the predictable finger-pointing exercise is on. But economists say that states have the power to slash prices. Will they listen?
