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New Delhi: Crude oil prices are projected to soften significantly to touch around USD 50 per barrel (bbl) by June 2026, positively affecting the CPI inflation, keeping it decisively below 3.4 per cent in the next fiscal (FY27), an SBI Research report said on Monday. Benign energy prices will impact the GDP outlook favourably, and…
In a major geopolitical development, the United States has removed Venezuelan leader Nicolás Maduro, placing him in US custody. Reporting from Washington, India Today’s Rohit Sharma details the operation, which US Secretary of State Marco Rubio described not as an invasion but as a ‘law enforcement operation’. President Donald Trump has warned interim president Delcy…
America has once again done something that has put the world in tension. Attack on Venezuela and then President Nicolas Maduro Arrested by the US Army during a military operation. A video of him being taken to the detention center in New York is going viral. The impact of American control over Venezuelan Oil Sector…
US Vice President J.D. Vance has stated that the Trump administration is applying ‘aggressive economic leverage’ on India to compel Russia to halt the war in Ukraine. This leverage involves imposing secondary tariffs on India, a move linked to the administration’s criticism of India’s procurement of discounted crude oil from Russia. According to Vance, the…
Israel -ran conflict between Israel and Iran is increasing and the US has also accelerated it by attacking the Iranian nuclear sites. Meanwhile, threats are also being given by Iran to close the Straight of Hormuz continuously. India has taken a big step amid growing struggle on Strait of Hormuz and more oil is being…
MUMBAI: Union Minister Hardeep Singh Puri on Friday said that India would continue buying crude oil from Russia if it is available at a discount emphasising that the government is “committed” to buying the most economically-priced crude oil. “We used to buy less than 0.2 per cent from Russia in February 2022. Now, we are…
Mumbai: The market outlook for next week will be guided by the Donald Trump factor, Q3 FY25 results, foreign institution investors (FIIs), rupee vs dollar and crude oil prices. Trump will be sworn in as the 47th US President on January 20, as investors keenly observe upcoming tariff announcements. The global market may remain volatile…
Petrol Diesel Price: The government has officially removed the windfall tax on crude oil, aviation turbine fuel (ATF), petrol, and diesel exports. This decision, which takes effect immediately, follows nearly two months of discussions. However, the change is expected to benefit oil companies like Reliance and ONGC, as it could improve their refining profits. Moreover,…
Hindi News Business Crude Oil Prices Increased By 4% Due To Israel Iran War, May Affect Indian Economy New Delhi1 hour ago copy link Crude oil price has increased by 4% after Iran’s missile attacks on Israel. Due to this, oil supply may be affected. Experts say that if oil prices continue to rise, it…
New Delhi: Oil futures jumped by almost 5% on Tuesday following reports that Iran had fired missiles at Israel. This escalation in Middle East tensions has sparked worries about possible disruptions to the global oil supply. The growing conflict increases uncertainty in an already unstable energy market, where concerns about supply shortages often result in…