Oil Prices In India

Both benchmark contracts settled up more than 3 per cent on Thursday and jumped $5 a barrel after reports that air defences were engaging targets over Tehran

This week, Jamnagar was the backdrop for a grittier story: Its oil - some of which is imported from Russia - has become a sticking point in US-Indian relations

Nageswaran said good monsoon rains, that irrigate more than half of the country's farmlands, will also bode well for the economy

The weakness in the oil prices came after US President Donald Trump imposed 'reciprocal' tariffs' on trading partners. He also announced a 10 per cent tariff on all countries

Global oil demand is expected to remain strong throughout January, fuelled by colder than normal winter conditions

New Delhi has repeatedly defended its purchases from Russia as necessary to keep prices in check

Oil price today: Crude oil prices tumbled 6 per cent on Monday, with Brent settling under $72 and WTI at $67.38

Shares of Oil companies rallied over 3 per cent on Thursday as crude oil prices soared due to escalation of ongoing tensions in the Middle East region

Oil trading strategy, August 6, 2024: Oil prices are expected to remain subdued in short to medium term as demand has deteriorated sharply from Asia and, with the US on the verge of recession

Srinivas also mentioned that a proposal for 40 new Volvo buses has been submitted to the government

Despite ongoing conflicts and lower demand growth expectations, oil prices remain steady

Brent crude futures dropped 90 cents or 1%, to $90.27 a barrel by 1000 GMT. U.S. West Texas Intermediate crude was down 86 cents, or about 0.9%, at $86.05

Puri, who is in charge of the Petroleum and Natural Gas Ministry, said India enjoys a buyers' position and foreign oil suppliers are making offers to its companies

The precious metal had closed at Rs 60,800 per 10 grams in the previous trade

Union Minister Hardeep Singh Puri has long called for OPEC and its allies led by Russia, known as OPEC+, to consider how their policies affect oil-consuming countries

Launches E20 fuel (petrol blended with 20% ethanol) two years before target

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Oil prices dipped in early trade on Friday amid uncertainty on demand outlook based on contrasting views from OPEC and IEA, but benchmark contracts headed for weekly gains as recession fears eased.