oil market

New Delhi, April 5 – As the situation in the West Asia continues to evolve, the Reserve Bank of India (RBI) is likely to maintain the status quo at the upcoming monetary policy committee (MPC) meeting next week (April 6-8), according to a report by SBI Research, released on Sunday.As the first...

Government Slashes Excise Duties on Petrol, Diesel Fuel Price Relief: Excise Duty Cut Announced New Delhi – The government announced a reduction in excise duties on petrol and diesel on Friday, aiming to alleviate the impact of rising global oil prices. The excise duty on petrol has been lowered...

Brent Crude and WTI Prices Rise Mumbai, March 26 – Global oil prices jumped to above $100 per barrel on Thursday following a statement from Iran indicating it was not in direct negotiations with the United States to end the conflict in the Middle East.Brent crude futures rose by 1.21 percent...

Crude Oil Prices Surge Over 4% Amid Renewed Middle East Tensions New Delhi, March 24: Global crude oil prices surged more than 4 percent in early trade on Tuesday, as market sentiment turned volatile despite a temporary pause in US military action against Iran’s energy infrastructure.Brent and...

Gold and Silver Prices Remain Largely Stable as Investors Weigh Geopolitical Risks and Inflation Outlook Gold and silver prices showed limited movement on Thursday as investors balanced geopolitical tensions in the Middle East with expectations surrounding key United States inflation data. The...

Asian Markets Rise as Oil Prices Reverse Gains After Report of Potential Record Crude Release Asian Stocks Advance While Oil Retreats Following IEA Proposal Asian markets moved higher on Wednesday, while crude oil prices reversed earlier gains after a media report suggested that the...

Crude Oil Prices Drop Nearly 6% As Hopes of Middle East De-escalation Emerge Crude oil prices declined sharply on Tuesday, retreating from the previous session’s highs as markets reacted to growing expectations of easing tensions in the Middle East.Brent crude futures fell by $6.51, or 6.6...

US Allows India to Purchase Russian Oil Already at Sea to Ease Global Supply Pressure The United States has allowed India to purchase Russian oil that is already loaded on vessels in waterways, as part of a temporary measure aimed at easing global supply pressures during the ongoing conflict in...

Oil Prices Surge After US and Israel Strikes on Iran, Brent Crosses $80 Before Easing Global oil prices spike as Middle East tensions escalate, with Brent crude briefly touching $80 per barrel before paring gains.Brent and WTI Jump Sharply Amid Escalating Middle East Crisis Global oil markets...

Crude Oil Prices Gain Rs 50 in March Contracts New Delhi, February 24: Crude oil prices advanced in futures trading on Tuesday, climbing by Rs 50 to settle at Rs 6,095 per barrel as market participants increased their positions amid firm demand in the physical market.On the Multi Commodity...

MCX Crude Oil Prices Decline 1.25% in March Contract New Delhi, February 23: Crude oil prices declined sharply in futures trade on Monday, tracking weak global benchmarks and subdued demand trends.On the Multi Commodity Exchange, crude oil futures for March delivery dropped by ₹76, or 1.25...