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Crude Oil Price
US dollars will be sourced from open markets to pay for petrol and crude, says veteran politician.
Beijing rolls out measures to try to support Covid-hit economy
Nitish Kumar on Sunday lauded the Centre for the reduction in excise duty on petrol and diesel and hinted that his government might do its bit after due deliberations, raising hopes of further relief.
JPMorgan Chase & Co forecast this week that American gasoline could surge to as high as $6.20 a gallon by August
Natural gas prices rose Friday after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe, citing new sanctions that Moscow imposed on European energy companies.
The MCX Crude Oil futures may test Rs 7,540-odd level this week; while on the upside MCX Natural Gas May futures are likely to face resistance around Rs 590.
(Reuters) - India's fuel consumption moderated and slipped 4% in April from the previous month, data showed on Tuesday, as elevated domestic prices slowed activity
European stock indexes rose on Tuesday as risk appetite showed some signs of picking up again after Monday's sharp falls, but fears over economic growth still weighed on markets
The MCX Natural Gas May futures are likely to trade with a bullish bias in May as long as the commodity holds above Rs 576-level.
Retail inflation has overshot the 6% upper tolerance limit for three years on the trot; experts say protracted Ukraine war and other factors may keep prices up