Search Results for: OPEC

Nearing elections, softening crude restrain oil firms from hiking prices

Fuel prices in the country have remained steady for over a fortnight now as softening crude and upcoming elections in several states later this months has kept Oil companies from revising the retail prices.

Mar 18, 2021

Sensex opens Friday down 400 points, Nifty below 15,000

The banking sector witnessed major fall as IndusInd Bank, ICICI Bank and State Bank of India were the top losers while the top gainers on the Sensex were ONGC, NTPC and Maruti Suzuki India.

Mar 5, 2021

Major fire in petrol pump near governor's house in Bhubaneswar

Petrol prices reach Rs.84 per litre in Delhi, all-time high since Oct 2018

During the pandemic, petrol price had been static since September 22 last year, and diesel rates hadn't changed since October 2. It started rising in November and again went for pause since December 8. Since then, it increased on January 6 and again on January 7

Jan 7, 2021

How Biden's presidency could be huge win for Middle East | Explained

"A Biden presidency is likely to be a huge win for the Middle East to gain back the market share as it restricts shale production and can be supportive for crude oil prices," the report said.

Oct 17, 2020

Meet Sheikh Nawaf, Kuwait's new ruling Emir appointed after Sheikh Sabah's death

Kuwait's Sheikh Nawaf Al Ahmad Al Sabah was sworn as the ruling emir of the tiny oil-rich country, propelled to power by the death of his brother, Sheikh Sabah al-Ahmad, after a long career in the security services.

Oct 4, 2020

Oil drops as new coronavirus outbreaks raise fuel demand concerns

Oil fell more than 2% on Monday, June 15 extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks of the virus could weigh on the recovery of fuel demand.

Jun 15, 2020

Oil prices climb as Saudi Arabia pledges further production cut

Oil futures rose on Tuesday, May 12, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus pandemic crushed fuel demand.

May 12, 2020

Oil falls as crude in US storage nears all-time high amid coronavirus pandemic

Oil prices fell on Monday, April 27, on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic.

Apr 27, 2020

Explained: Why negative crude oil pricing in the US didn't affect petrol, diesel prices in India

Crude oil prices dropped to an all-time low yesterday, but petrol, diesel prices remain unaffected in India.

Apr 21, 2020

Liquidity boost, flow of credit: Full text of RBI's announcement on Covid-19 crisis

Appreciating the work of the medical staff, police force and all others working during this pandemic crisis, the Reserve Bank has released its latest announcement on its assessment of the current economic situation.

Apr 17, 2020

Mayhem at Dalaal Street: Here what dragged indices on stock market

The cumulative market capitalization on BSE tanked to Rs 137.46 lakh crore today vis-a-vis Friday's close of Rs 144.31 lakh crore amid an intensifying rout in global stocks.

Mar 9, 2020

Oil plunges 25% after Saudi Arabia slashes prices, says will open taps

Oil prices plunged around 25%, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April.

Mar 9, 2020

Aramco trades below IPO price for first time, after OPEC pact unravels

Shares of Saudi state oil company Aramco 2222.SE fell below their initial public offering (IPO) price on Sunday, March 8 for the first time since they began trading in December after the OPEC oil supply cut pact with Russia fell apart on Friday.

Mar 8, 2020

Hong Kong records first death from new coronavirus; overall toll over 420

The Hong Kong death took to 427 the toll from the virus, including a man who died in the Philippines last week after visiting Wuhan, the central Chinese city at the epicentre of the outbreak.

Feb 4, 2020

Coronavirus outbreak: As death toll hits 425, China agrees to seek help from US

The toll in China rose to 425 as of February 3 up by a record 64 from the previous day. All of the new deaths were in central Hubei province, the epicentre of the virus outbreak.