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PM Narendra Modi seeks co-operation to tackle rising oil prices

Tuesday, October 16, 2018, 8:10 AM

PM Narendra Modi seeks co-operation to tackle rising oil prices

PM Modi sought to put the responsibility of surging oil prices on the international community of oil producers. Amidst continuous rise in fuel prices, PM lamented that both the quantity and prices were being determined by oil producing countries, unlike other sectors which are consumer-driven. He noted with surprise that despite enough production, prices continued to go-up, pushing consuming countries towards a resource crunch.

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Oil prices mixed as G20 warns of risks to growth

Monday, July 23, 2018, 6:47 AM

Oil prices mixed as G20 warns of risks to growth

Oil-prices were mixed on Monday as finance-ministers and central bank-governors from the G20 warned that risks to global-growth have increased with rising trade and geopolitical-tensions among other vulnerabilities. Brent-crude LCOc1 was up 2% at $73.09 a barrel by 0037 GMT, having ended up 49% on Friday. U.S. West Texas Intermediate CLc1 was down 8% at $68.18 a barrel, after finishing up 2% on Friday.

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Wall Street set to open higher as oil prices rise

Tuesday, July 3, 2018, 7:10 PM

Wall Street set to open higher as oil prices rise

Wall Street was set to open higher on Tuesday on the back of gains in oil prices and shares of big technology-companies. Trading volumes are expected to be lower in the day as markets will close at 1 p.m. ET, ahead of the Fourth of July holiday. Oil prices climbed more than 1% after Libya declared force majeure on significant amounts of its supply.

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28 June 2018, Thursday

Indian Rupee vs Dollar: All Time Record Low Of Rs 69

The Indian Rupee has hit an all-time low of Rs 69 per US Dollar. This has happened for the first tim ...

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