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Russia's oil revenue has plunged as global crude prices tumble
Moscow saw oil sales drop to $1.44 billion the last week, the lowest value since January, Bloomberg…
Jennifer Sor
India imported USD 2.8 bn worth of crude oil from Russia in July
India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…
PTI
Rupee falls 1 paisa to close at 83.50 against US dollar
At the interbank foreign exchange market, the local unit opened at 83.52 and hit the intraday h…
PTI
Trump said he'll unleash an oil boom. Exxon Mobil CEO says not so fast.
ExxonMobil CEO Darren Woods said there isn't much opportunity for the oil industry to increase prod…
Catherine Boudreau,Jacob Zink…
Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much
Prince Abdulaziz bin Salman said OPEC members are ignoring their quotas.
Filip De Mott
How plunging oil prices could help the US avoid recession
Cheaper energy reduces cost burdens in manufacturing, construction, and agriculture, among other ec…
Filip De Mott
Why oil prices have cratered to their lowest level in nearly 3 years
The demand outlook for oil is weakening as recession concerns mount in the US and China's future lo…
Matthew Fox
After record profits, state-owned fuel retailers Indian Oil, BPCL and HPCL see profit slump in Q1
IOC, BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell an…
PTI
Oil prices could surge 161% if Middle East conflict wipes out Iran's energy infrastructure, commodity chief says
If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's B…
Filip De Mott
Rupee rises 5 paise to 83.44 against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.45 and gained further to …
PTI
India Inc might see margin squeeze with a crude shock at hand
Since the start of September, Brent crude has risen from $85 per barrel to $92 a barrel approximate…
Nifty, Sensex fall nearly 1% on spike in crude oil prices; Bajaj Finance slips 3%
Equity benchmark indices, the Sensex and the Nifty fell nearly 1% on Wednesday due to a sharp jump …
Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts
Crude oil prices are expected to rise after the oil cartel OPEC+ announced their decision to extend…
Reliance to commission first solar giga-factory in FY25
In its largest annual report, the firm said it is targeting to commission the first train of 20GW s…
PTI
Winter winds are freezing Russia's crude oil shipments to China
Icy winds and freezing temperatures disrupted Russian oil flows from a key Pacific port, bringing a…
Aruni Soni
OPEC+ output witnesses biggest drop in six months, falling short of agreed cuts
In January, OPEC+ crude output witnessed a decline of 340,000 b/d, attributed partly to voluntary c…
ANI
Oil prices are at their lowest level since August. Here's everything moving crude markets.
Factors include the Israel-Hamas conflict, production cuts from Russia and Saudi Arabia, uncertaint…
Phil Rosen
Sensex halts 2-day gaining streak, falls 290 pts to close below 58K
Equity benchmark Sensex declined 290 points in a volatile session to settle below the 58,000 mark o…
PTI
Nifty, Sensex continue to fall on weak global trends, soaring crude oil prices
Equity benchmark indices, the Nifty and the Sensex, fell in early trade on Friday due to weak trend…
Stocks unlikely to be impacted by windfall tax removal
Windfall tax or the Special Additional Excise Duty (SAED) on domestically produced crude petroleum …