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Tag "Oil prices"

Time to review windfall tax on oil

Time to review windfall tax on oil

🕔13:23, 13.Jul 2022

Chennai, July 13 (IANS) The fall in the crude oil prices as well as the refining margin for diesel, petrol and aviation turbine fuel, raises the question whether the Indian government should continue with its windfall tax, said CLSA Ltd in

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Oil prices at a 7-year high of $98 after Russia recognises breakaway rebel regions in Ukraine

Oil prices at a 7-year high of $98 after Russia recognises breakaway rebel regions in Ukraine

🕔16:19, 22.Feb 2022

New Delhi, Feb 22 (IANS) Oil prices are climbing on fears that the Ukraine-Russia crisis will disrupt supply chains across the world, BBC reported. Futures of Brent crude, the international benchmark, reached a seven-year high of almost $98 on Tuesday after

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Oil prices rise amid drop in US inventories

Oil prices rise amid drop in US inventories

🕔13:42, 23.Dec 2021

New York, Dec 23 (IANS) Oil prices advanced on Wednesday after data showed a larger-than-expected drop in US crude stockpiles. The West Texas Intermediate for February delivery added $1.64, or 2.3 per cent, to settle at $72.76 a barrel on the

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Oil prices rise as traders await OPEC+ meeting

Oil prices rise as traders await OPEC+ meeting

🕔07:41, 2.Nov 2021

New York, Nov 2 (IANS) Oil prices advanced on Monday as traders are awaiting a key meeting of the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+. The West Texas Intermediate for December delivery added 48

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U.S. oil futures eke out modest gains, Brent crude slips

U.S. oil futures eke out modest gains, Brent crude slips

🕔07:32, 29.Oct 2021

New York, Oct. Oct 29 Oil prices settled mixed on Thursday, as investors assessed news on hope of renewed Iran nuclear talks. The West Texas Intermediate for December delivery added 15 cents to settle at 82.81 U.S. dollars a barrel on

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Oil prices surge as OPEC+ extends most output cuts

Oil prices surge as OPEC+ extends most output cuts

🕔11:44, 5.Mar 2021

New York, March 5  Oil prices gained considerably after the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) agreed to extend most oil output cuts into April. The West Texas Intermediate for April delivery added $2.55 to

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Brent crude nears $55/bbl post Saudi’s supply cut announcement

Brent crude nears $55/bbl post Saudi’s supply cut announcement

🕔16:25, 7.Jan 2021

New Delhi, Jan 7  Oil prices continued to surge on Thursday with the Brent nearing the $55 per barrel mark on the back of Saudi Arabia’s surprise decision to reduce production over the next two months, along with the fall

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No revision in petrol, diesel prices on Christmas

No revision in petrol, diesel prices on Christmas

🕔17:22, 25.Dec 2020

New Delhi, Dec 25  Petrol and diesel prices remained unchanged on Friday as oil marketing companies continued to maintain a wait and watch stance amid range bound global oil prices. Accordingly, the pump price of petrol remained at Rs 83.71

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Global effort begins again to stabilise oil prices, OPEC+ meet may be called in Oct

Global effort begins again to stabilise oil prices, OPEC+ meet may be called in Oct

🕔20:34, 19.Sep 2020

New Delhi, Sep 19 A bigger global effort to stabilise oil prices involving all major oil producers including Russia is again on the cards to see that the current crisis does not escalate further putting several oil producers closer to bankruptcies.

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Oil prices recover on demand revival signs, Brent at $33/bbl

Oil prices recover on demand revival signs, Brent at $33/bbl

🕔13:43, 18.May 2020

New Delhi, May 18  Oil prices rose over $1 per barrel on Monday on signs of demand picking up slowly as several countries relaxed their lockdown norms and opened up economic activities. Further, the implementation of the output cut agreement

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Oil prices surge, WTI up on early signs of demand recovery in US

Oil prices surge, WTI up on early signs of demand recovery in US

🕔17:10, 30.Apr 2020

New Delhi, April 30  Oil prices surged on Thursday with the WTI crude rising around 14 per cent on indications that fuel demand in the US is starting to pick up and the supply glut in the world’s largest economy

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Oil prices settle mixed after OPEC+ historic output cuts

Oil prices settle mixed after OPEC+ historic output cuts

🕔06:49, 14.Apr 2020

New York, April 14 Oil prices settled mixed as market participants digested a highly anticipated decision by major oil producers on output cuts. On Monday, the West Texas Intermediate for May delivery decreased US $0.35 to settle at $22.41 a barrel

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Oil prices rebound as traders await OPEC meeting

Oil prices rebound as traders await OPEC meeting

🕔14:51, 9.Apr 2020

New York, April 9  Oil prices gained as market participants eagerly awaited a key meeting by the world’s major oil producers on output cuts. On Wednesday, the West Texas Intermediate for May delivery rose US $1.46 to settle at $25.09

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Oil prices rebound as traders await OPEC meeting

Oil prices rebound as traders await OPEC meeting

🕔07:02, 9.Apr 2020

New York, April 9 Oil prices gained as market participants eagerly awaited a key meeting by the world’s major oil producers on output cuts. On Wednesday, the West Texas Intermediate for May delivery rose US $1.46 to settle at $25.09 a

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Lower cut in oil prices ahead as oil cos factor in higher excise duty

Lower cut in oil prices ahead as oil cos factor in higher excise duty

🕔09:45, 15.Mar 2020

New Delhi, March 14 The Rs 3 per litre increase in excise duty in petrol and diesel has brought both good and bad news for consumers. The good news is that there would not be any increase in retail selling

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Diesel prices rise after 9 days, petrol stable

Diesel prices rise after 9 days, petrol stable

🕔06:52, 20.Dec 2019

New Delhi, Dec 20  After remaining stable for the last nine days, diesel prices increased on Thursday, while the petrol prices remained unchanged. Diesel has become costlier by 15 paise per litre in Delhi and Kolkata, and 16 paise per

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Despite low demand, research firm G&R bullish on oil prices

Despite low demand, research firm G&R bullish on oil prices

🕔06:24, 19.Aug 2019

Mumbai, Aug 18 (IANS) Despite the lack of demand in the global markets owing to worldwide slowdown in economic activity, natural resource research firm Goehring & Rozencwajg (G&R) says that it expects oil prices to rise. Typically, oil prices fall if

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Iraq, Saudi Arabia discuss oil prices

Iraq, Saudi Arabia discuss oil prices

🕔10:52, 2.Jul 2019

Baghdad, July 2  Iraqi Prime Minister Adel Abdul Mahdi and Saudi King Salman bin Abdulaziz Al Saud held a phone call over the means to develop bilateral ties and cooperation to achieve stability of oil prices. The two leaders on

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Oil prices rise amid falling US oil rig count

Oil prices rise amid falling US oil rig count

🕔07:37, 8.Jun 2019

New York, June 8  Oil prices went up on Friday, as US oil rig count fell sharply this week, easing concerns there would be a potential supply glut and Saudi Arabia called for oil production cut extension. The number of

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Oil prices edge up on global trade optimism

Oil prices edge up on global trade optimism

🕔06:40, 1.Jan 2019

New York, Jan 1 Oil prices advanced amid positive signs of global trade prospects. The West Texas Intermediate for February delivery gained 0.08 US dollar to settle at 45.41 dollars a barrel on the New York Mercantile Exchange on Monday, while

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