New Delhi, Jun 25 (PTI) Global oil prices fell on Thursday to their lowest levels since before the outbreak of the Iran conflict, offering a significant economic tailwind for India, the world’s third-largest crude importer, by easing inflation risks, reducing the import
DUBAI, April 28 (Reuters) – The United Arab Emirates said on Tuesday it was quitting oil-producers’ group OPEC, as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf nations. The loss of the UAE, a longstanding OPEC member,
NEW DELHI, April 28 (Reuters) – India has asked motorists to avoid panic buying and clarified that there was no proposal to raise pump prices for diesel and gasoline, a government official said on Tuesday. “We have adequate supplies of liquefied petroleum
Mumbai, Apr 28 (PTI) Stock market benchmark indices Sensex and Nifty buckled under selling pressure on Tuesday as a sharp rally in oil prices and foreign fund outflows dented investors’ sentiment. The 30-share BSE Sensex declined 416.72 points, or 0.54 per cent,
Mumbai, Apr 28 (PTI) The rupee depreciated 41 paise to close at 94.56 (provisional) against the US dollar on Tuesday, as elevated crude oil prices and unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments. Forex traders said the rupee
