Brent crude Archives

Oil Prices Gained on Positive US Economic Data, Libya Disruptions

adminAugust 30, 2024August 30, 2024

August 30, 2024August 30, 2024

Oil stabilised after surging on Thursday, August 29, following positive US economic data and escalating supply disruptions in Libya. Brent for November was trading at...

MARKETS

Crude Oil Prices Jumped 3% Following the Recent Israel Attacks on Iran

adminApril 19, 2024April 19, 2024

April 19, 2024April 19, 2024

Israel launched a retaliatory attack on an Iranian site on April 19, causing oil prices to rise by USD 3 per barrel, raising concerns about...

BUSINESS

Oil Prices Reached 2 Month High Outweighing Fed Rate Hike

adminJuly 8, 2023July 25, 2023

July 8, 2023July 25, 2023

Oil prices climbed over 3% on Friday, rising to their highest level in 9 weeks as supply concerns and technical buying outweighed fears that further...

BUSINESS

Govt Scraps Windfall Tax on Crude Production, Slashes Diesel Cuts

adminApril 4, 2023April 4, 2023

April 4, 2023April 4, 2023

According to a government notice, the government has cut the windfall tax on crude oil production to zero from Rs 3,500 ($42.56) a tonne starting...

MARKETS

OMCs Rise, ONGC, Oil India Shares Fall as Crude Dips Below $75

adminMarch 16, 2023March 16, 2023

March 16, 2023March 16, 2023

Shares of BPCL, HPCL and Indian Oil rose 4% in early trade on March 16 after Brent crude fell below the $75-a-barrel mark for the...

MARKETS

Rupee Declines 28 Paise to 76.46 Against US Dollar

adminMarch 22, 2022

March 22, 2022

On Tuesday morning, the rupee declined 28 paise to 76.46 against the US dollar in opening trade, following a negative trend in domestic equities amid...