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Mumbai, Apr 8 (PTI) The Reserve Bank of India (RBI) on Wednesday said it expects crude oil prices to average USD 85 per barrel and the rupee to be at 94 against the dollar in FY27. The central bank has made the projections in the bi-annual Monetary Policy report released on Wednesday. The crude oil price assumption has been upped to USD 85 per barrel during FY27, from USD 70 per barrel during H2FY26. It also increased exchange rate projections to 94 against the US dollar during FY27, from 88 a ...Read More >
NEW DELHI: Oil prices have been on the boil since the war between the US, Israel and Iran broke out on 28 February. To ease supply concerns and prices of over $100 per barrel, the Organization of Petroleum Exporting Countries (OPEC) and its allies including Russia, together known as OPEC+, agreed to increase production in May. Mint looks at how the proposed rise in output might impact global prices. With the blockade of the Strait of Hormuz, about 20% of global energy supplies from Gulf countri ...Read More >
New Delhi, Apr 6 (PTI) Crude oil prices gained Rs 91 to Rs 9,284 per barrel, hovering near its record levels, in futures trade on Monday after US President Donald Trump warned of military strikes on Iran's power plants and other infrastructure if the Strait of Hormuz is not reopened. On the Multi Commodity Exchange, crude oil for May delivery increased by Rs 91, or 1 per cent, to Rs 9,284 per barrel. Oil prices hit record of Rs 9,407 per barrel on March 23, 2026. The uptick in crude oil prices ...Read More >
New Delhi: Crude oil prices rose again on Monday, April 6, as tensions between the US, Israel, and Iran increased. This conflict is affecting oil supply from West Asia, which is one of the world's biggest oil-producing regions. Any disruption here quickly impacts global prices. Current Price Levels In the international market, Brent crude prices jumped 1.6% to cross USD 110 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude was seen trading near USD 112 per barrel. Last week also sa ...Read More >
New Delhi, April 6 (SocialNews.XYZ) International crude oil prices traded higher on Monday as persistent fears of supply disruptions in West Asia kept markets on edge, with the ongoing US-Israel-Iran conflict weighing on sentiment. Brent crude futures rose as much as 2.01 per cent or $2.2, to $111.23 per barrel, hovering near a 52-week high. Similarly, US West Texas Intermediate (WTI) crude gained 3.53 per cent or about $4 to $115.48 by 10.20 am. On the domestic front, crude oil futures on the ...Read More >
New Delhi [India], April 6 (ANI): Oil prices climbed on Sunday after US President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz remains closed, CNN reported, as Brent crude rose 1.4 per cent to reach USD 110.60. US crude similarly increased by 1.8 per cent, settling at USD 113.60. As per CNN, the price surge followed a series of aggressive social media posts from the President directed at the Iranian government. Also Read | Indian National Tarsem Singh Cha ...Read More >
New Delhi [India], April 6 (ANI): Oil prices climbed on Sunday after US President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz remains closed, CNN reported, as Brent crude rose 1.4 per cent to reach USD 110.60. US crude similarly increased by 1.8 per cent, settling at USD 113.60. As per CNN, the price surge followed a series of aggressive social media posts from the President directed at the Iranian government. "Tuesday will be Power Plant Day, and Bridge ...Read More >
New Delhi [India], April 6 (ANI): Russia and Saudi Arabia will provide more than 60 per cent of the total production increments scheduled for May 2026, leading a collective move by eight OPEC+ nations to adjust voluntary output levels. According to an Organization of the Petroleum Exporting Countries press release, the participating countries decided to implement a total production adjustment of 206 thousand barrels per day (kbd). The decision followed a virtual meeting of Saudi Arabia, Russia, ...Read More >
An Indian liquefied petroleum gas (LPG) carrier, Shivalik, arrives at Mundra Port via the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Gujarat, India, March 16, 2026. The Strait of Hormuz will never return to its pre-war state, the Iranian navy command announced on Twitter/X on Monday morning. The IRGC Navy is currently in the process of completing operational preparations for a "new order in the Persian Gulf," the post read, emphasizing that the strait would be permanently ch ...Read More >
New Delhi, April 5 (SocialNews.XYZ) In their collective commitment to support oil market stability amid the West Asia crisis, the eight OPEC+ countries -- Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman -- on Sunday decided to implement a production adjustment of 206 thousand barrels per day in May -- from the 1.65 million barrels per day additional voluntary adjustments announced in April 2023. The countries met virtually on Sunday to review global market conditions a ...Read More >
NEW DELHI: India's oil basket recorded $113.49 a barrel in March, the highest in four years, due to disrupted global supplies amid the conflict in West Asia. In March 2023, the oil basket had reached $112.87 after the Ukraine war broke out, but it slowly eased. The cost of crude for Indian refiners was pegged at $120.84 on April 1, when the Brent crude was hovering around $107 a barrel.The price of the Indian oil basket represents the average of Oman and Dubai for sour grades and Brent (Dated) f ...Read More >
Chennai: The escalating tensions in the Middle East saw a spurt in the prices of crude, natural gas, gold and silver on Monday. Analysts warn that prices could move further northwards if the tensions remain heightened. In the Multi Commodity Exchange, crude prices gained 8.5 per cent to Rs 6600 per barrel from the Friday closing level of Rs 6092. West Texas Intermediate (WTI) prices moved up 7.6 per cent on Monday, a day after Iran supreme leader Ayatollah Khamenei died in a US-Israeli strike. ...Read More >
New Delhi, Dec 16 (PTI) Crude oil prices fell Rs 39 to Rs 5,103 per barrel in the futures trade on Tuesday amid weak global cues, as optimism over a possible Russia-Ukraine peace deal fuelled concerns about additional supplies returning to the market. On the Multi Commodity Exchange (MCX), crude oil futures for December delivery decreased by Rs 39, or 0.76 per cent, to Rs 5,103 per barrel in a business turnover of 9,363 lots. Similarly, the January contract declined Rs 44, or 0.85 per cent, to ...Read More >
The Indian Rupee weakened against the US Dollar today. Month-end import demand and higher global crude oil prices are impacting the currency. Investors are awaiting the Federal Reserve's policy decision for further direction. Meanwhile, Indian equity markets showed gains in early trade. Crude oil imports from the United States have seen a significant increase. The rupee depreciated 21 paise to 88.40 against the US dollar in early trade on Tuesday, weighed down by month-end dollar demand from im ...Read More >
Kedia Advisory - Crude oil yesterday settled lower by 1.68% at 5,145 as investors reacted to concerns over a potential supply surplus and renewed trade tensions between the U.S. and China. The International Energy Agency (IEA) forecasted that the global oil market could face a surplus of up to 4 million barrels per day in 2026, significantly higher than earlier estimates, amid rising output from OPEC+ and sluggish demand growth. The ongoing U.S.-China trade dispute, with both nations imposing ne ...Read More >
New Delhi: US President Donald Trump said Prime Minister Narendra Modi on Wednesday assured him that India will end Russian oil purchases, though not immediately -- a claim the Ministry of External Affairs (MEA) disputed, saying the two leaders had "no telephonic talks" that day. "It has been our consistent priority to safeguard the interests of the Indian consumer in a volatile energy scenario. Our import policies are guided entirely by this objective," the MEA said in its first reaction to Tr ...Read More >
NEW YORK (Reuters) -Oil prices were stable on Thursday as traders prepared for a potential halt to India's Russian oil imports, which could reshape flows and boost demand for supplies from elsewhere. Brent crude futures were down 28 cents, or 0.45%, to $61.63 a barrel at 12:40 p.m. EDT (1640 GMT). U.S. West Texas Intermediate futures were down 19 cents, or 0.33%, to $58.08. U.S. President Donald Trump said Prime Minister Narendra Modi had pledged on Wednesday that India would stop buying from ...Read More >
Indian officials have again told the Trump administration that a significant reduction in Russian oil imports by the South Asian nation's refiners would require Washington to instead allow crude purchases from sanctioned suppliers Iran and Venezuela. A delegation visiting the US this week reiterated the request in meetings with American officials, a person with knowledge of the discussions said, asking not to be identified as the talks are private. Indian representatives have emphasized that si ...Read More >
New Delhi: When US President Donald Trump admitted on Fox & Friends that his 50% tariff on Indian purchases of Russian oil "caused a rift," he wasn't exaggerating. The move has unsettled Washington's closest strategic partnership in Asia, rattled global energy markets, and drawn sharp reactions from Moscow to Brussels. For Trump, it was a "big deal", a demonstration that he was willing to take bold measures to cripple Russia's energy trade. For India, it was a reminder that even "incredible fri ...Read More >
India CPI Inflation Data: India's consumer price index (CPI) inflation, also known as retail inflation, increased in August 2025 to 2.07% against 1.61% in July 2025, according to the Ministry of Statistics & Programme Implementation (MoSPI) data released Friday evening. The surge in retail inflation was driven by higher vegetable, meat and fish, prices. Food inflation moderated during the month, but record gold prices rally in August impacted the core inflation. Food inflation continued to rema ...Read More >
New Delhi, Sep 3: Gold prices rallied Rs 1,000 to touch a fresh record high of Rs 1,07,070 per 10 grams in the local markets on Wednesday amid hopes of Fed easing rates, mounting geopolitical tensions and growing worries around the US economy. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,06,070 per 10 grams on Tuesday. Delhi Market Sees Consecutive Gains In the Delhi market, gold of 99.5 per cent purity extended the gains for the ...Read More >
Mumbai, Aug 4 (PTI) The rupee depreciated 11 paise to 87.29 against the US dollar in early trade on Monday, weighed down by sustained foreign fund outflows and concerns over trade tariffs. Forex traders said the weakness in the dollar index and easing crude oil prices supported the rupee at lower levels. At the interbank foreign exchange market, the rupee opened at 87.21 and fell to an early low of 87.29 against the American currency, registering a decline of 11 paise over its previous close. ...Read More >
Moradabad (UP), Aug 1 (PTI) The Moradabad district administration has cancelled the allotment of a government bungalow granted to former Uttar Pradesh chief minister Mulayam Singh Yadav. The Samajwadi Party (SP) has been asked to vacate the premises within 30 days. The bungalow, located in the posh Civil Lines area near the Police Training College (PTC II), was allotted to the SP patriarch 31 years ago. Spread across nearly 1,000 square meters on Nazul land, the property serves as the local S ...Read More >
Numbers Report - August 01, 2025 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we'll dig into some data and provide a bit of explanation on what drives the numbers. Let's take a look. OPEC+ to Finish the Unwinding Job with September Superhike Following the joint ministerial monitoring committee meeting last week, eight leading members of OPEC+ will be meeting on Sunday (Aug ...Read More >
Petroleum and Natural Gas Minister Hardeep Singh Puri on Tuesday reassured that global energy supplies remain adequate despite ongoing geopolitical conflicts that traditionally impact crude oil prices. Speaking on the sidelines of a national seminar in New Delhi, Puri addressed concerns about energy security in the context of heightened global uncertainties. "There are many things that have an impact on crude prices. People say that if there is military conflict somewhere, it will have an impa ...Read More >
Bengaluru: After Delhi, nearly 40 schools in Bengaluru received bomb threats via e-mail on Friday morning, leading to panic among students, teachers and parents. Police teams have rushed to all locations and search operations are underway. Schools in R R Nagar and Kengeri were among those targeted, the police said. Cyber experts are making all efforts to trace the sender of the mail. Sources revealed that the sender could be suffering from mental health issues. In the mail, he has spoken about ...Read More >
New Delhi: The government on Thursday stressed that it was not "unduly worried" about secondary sanctions. The stand articulated by Union Minister for Petroleum and Natural Gas Hardeep Puri came in the wake of US President Donald Trump's recent threat that 100% secondary tariffs would be imposed on nations buying oil from Russia, and showed once again that India would not be toeing the West's line on Ukraine. The minister's statements were echoed by the MEA asserting that securing India's energ ...Read More >
Shimla, Jul 17 (PTI) Himachal Pradesh High Court has directed the state government to remove encroachments on forest lands, including the fruit-bearing trees, all across the state and not limit it to some areas. The order was passed by a division bench consisting of Justices Vivek Thakur and Bipin C Negi on Wednesday after the Advocate General placed on record fresh instructions issued by Principal Chief Conservator of Forests, informing that 2,456 apple and other fruit trees have been felled f ...Read More >
NEW DELHI: The US embassy in India has warned that "committing assault, theft, or burglary in the United States won't just cause you legal issues -- it could lead to your visa being revoked and make you ineligible for future US visas". The warning was issued days after a video of an Indian woman who tried to leave a store with a cart full of items without paying went viral. This also prompted the embassy to say, "The US values law and order and expects foreign visitors to follow all US laws."Res ...Read More >
NEW DELHI: India can arrange alternative supplies if Russian oil exports are sanctioned, petroleum minister Hardeep Singh Puri said on Thursday in what is seen as the first official reaction to the US and EU threat of secondary sanctions for buying those barrels."India has diversified the sources (of oil). I am not worried at all. If something happens, we will deal with it. There is sufficient supply available," Puri said at an industry event.Separately, the foreign ministry said govt's overridi ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.