Tag: oil prices

An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia.(Reuters)
Posted in Business

Saudi Arabia cuts oil prices for Asia amid weak demand: Report

Dec 09, 2024 01:12 PM IST Saudi Arabia is cutting oil prices for Asian buyers by a margin more than expected due to a weak…

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'Wait & watch': India gearing up for any change in US policy, says CEA V Anantha Nageswaran
Posted in Economy

‘Wait & watch’: India gearing up for any change in US policy, says CEA V Anantha Nageswaran

New Delhi: India is “better prepared” this time around for Donald Trump’s return to the White House, chief economic adviser (CEA) V Anantha Nageswaran said…

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Brent crude and West Texas Intermediate futures fell 3% as Israel's non-targeting of Iranian oil eased supply fears. OPEC's lowered demand growth forecasts for 2024 and 2025 contributed to this decline, alongside reduced crude shipments to China and deflationary pressures.(Representational Image/Unsplash)
Posted in Business

Oil prices fall 3% as concerns ease on potential Iran supply disruption

Oct 15, 2024 08:04 AM IST Oil prices dropped 3% in early Asian trade as Israel reportedly refrained from targeting Iranian oil, alleviating supply concerns….

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India's rupee dropped to an all-time low of 83.9900 versus the dollar, exacerbated by increasing oil costs and a flight of foreign investments from equities.
Posted in Business

Rupee drops to all-time low of 83.99 vs USD on oil worries, equity outflows

Oct 11, 2024 11:19 AM IST The Indian rupee fell to a record low of 83.9900 against the US dollar, driven by rising oil prices…

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RBI cautions on inflation: ‘Need to keep inflation horse on a tight leash, it may bolt again…’
Posted in Economy

RBI cautions on inflation: ‘Need to keep inflation horse on a tight leash, it may bolt again…’

The RBI kept its inflation forecast for FY25 unchanged at 4.5%, amid food price concerns. Oil prices rose above $80 for the first time since…

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People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020(Francis Mascarenhas/Reuters)
Posted in Business

Sensex plummets by over 1,800 points, the third largest fall in 2024

India’s benchmark S&P BSE Sensex fell by over 1,800 points today, hitting a low of 82,449.01 on Thursday, October 13, 2024, making this its third-biggest…

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Geopolitical tensions in the Middle East are increasing market uncertainty, driving investors towards safe-haven assets. Experts warn that rising oil prices and potential supply chain disruptions could exacerbate inflation concerns.(AP)
Posted in Business

US stock market ‘on edge’ as Middle East tensions flare, traders jolted

One day after hitting an all-time high, US stocks are in retreat Tuesday and volatility is rising on reports that Iran is preparing to launch…

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Israeli police and border police take cover during sirens, after Iran fired a salvo of ballistic missiles at Israel, and near the site of a fatal shooting attack in Jaffa, Israel.(Reuters)
Posted in Business

Oil prices rise 4% on Iran’s missile attack on Israel

Oil prices jumped about 4% on Tuesday after Iran fired a salvo of ballistic missiles at Israel in retaliation for Israel’s campaign against Tehran’s Hezbollah…

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A Wall Street street sign in front of the New York Stock Exchange (NYSE) in New York, US.(Bloomberg)
Posted in Business

Wall Street retreats from records as oil prices leap after Iran attacks Israel

U.S. stocks are retreating from their records Tuesday as worries worsen about the escalating violence in the Middle East. A Wall Street street sign in…

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Smoke billows near a village in southern Lebanon after an Israeli air strike, amid cross-border hostilities between Hezbollah and Israel, as seen from northern Israel.(Reuters)
Posted in Business

Oil prices at 3-week low as prospect of additional supply offset Mideast fears

Oil prices slid by more than 2% on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in…

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