Oil Price Rise

Can CNG vehicle owners expect relief after petrol and diesel rate cut?

Spiraling inflation has forced the govt to slash duties on petrol and diesel. But the prices of CNG have soared about 60% in past one year. Why's CNG on fire? Can CNG vehicle owners expect relief?

Petrol price hiked in Nepal; reaches all-time high of NPR 170 per liter

The board of directors of state-owned petroleum importer NOC decided to increase the price by 10 paise after which a litre of petrol would cost NPR 170

High oil prices behind inflation in India, monetary tightening needed: IMF

To enhance India's growth potential, it is important to address structural weaknesses of the Indian economy that provide bottlenecks to achieve longer-lasting growth: Anne-Marie Gulde-Wolf

Oil climbs higher but takes a breather in tight range; Brent rises 55 cents

U.S. West Texas Intermediate (WTI) crude futures gained 41 cents, or 0.4 per cent, to 102.60 a barrel, adding to a 19 cent gain in the previous session.

Sri Lanka's state-run oil company raises fuel price amidst economic crisis

The state-run Ceylon Petroleum Corporation's (CPC) new price of 92 octane petrol Rs 338 per litre is an increase of Rs 84 and now matches the per litre price of Lankan Indian oil company (LIOC)

Oil and gas price hike supports upstream profitability of producers: Fitch

The more than doubling of natural gas prices and rise in oil prices will boost the profitability of oil and gas producers like ONGC and Reliance Industries Ltd, Fitch Ratings said on Tuesday

'Shameless fleecing' of public must stop: Cong on fuel price hike

Petrol and diesel prices were hiked by 80 paise a litre each on Saturday, the fourth increase in five days as oil firms passed on to consumers the spike in cost of raw material

Saudi Aramco 2021 profit soars on oil price hike, plans capex boost in 2022

Saudi Arabian state oil giant Aramco on Sunday reported a more than doubling of annual net profit in 2021, boosted by higher oil prices, and announced plans to sharply lift capital expenditure in 2022

Oil prices climb as traders assess supply risks

Brent crude for May delivery increased 1.29 dollars, or 1.2 per cent, to close at 107.93 dollars a barrel on the London ICE Futures Exchange, as traders weighed supply risks.

Oil prices climb as Russia-Ukraine ceasefire talks stoke volatile trading

Oil prices rose early on Wednesday, bouncing back after earlier falling more than $1 a barrel, as Russia's invasion of Ukraine continues to dominate volatile trading

Indian economy progressing well; high oil prices pose risks: Ashima Goyal

India's economic recovery from Covid is progressing well and the trajectory will continue but persistently high oil prices can play spoilsport, economist Ashima Goyal said

Indonesia to India: How oil's surge is impacting Asia stock markets

The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the specter of prolonged high prices exposes the vulnerability of energy-dependent countries

Oil shock is coming, but US may have already paid for it: Report

The gusher of money the US government poured into family bank accounts during the coronavirus pandemic may now help limit the economic damage from Russia's invasion of Ukraine

A Rs 12 hike in petrol, diesel price needed to break-even: ICICI Securities

Crude oil prices shot above USD 120 a barrel for the first time in nine years on Thursday before retreating a little to USD 111 on Friday, but the gulf between cost and retail rates has only widened

India to raise fuel prices from next week amid concern over inflation

State oil companies have told the government that they need a price increase of 10-12 rupees per litre for petrol and diesel, an official said

Brent soars to $119, highest since May 2012, as US sanctions target Russia

The gains followed the latest round of US sanctions on Russia's oil refining sector that raised concerns that Russian oil and gas exports could be targeted next

Indian trade, current account deficit seen widening, rupee under pressure

India's trade deficit widened sharply to $21.19 billion in February compared to $17.94 billion the previous month, preliminary data shows

Explained: Why $100 oil could hurt the energy transition more than it helps

When fossil fuel prices rise, consumers start to take electric vehicles and clean energy alternatives more seriously - not just for their environmental benefits but in hopes of eventually saving cash

Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers

India's benchmark 10-year bond yield was at 6.83% at 0555 GMT, after earlier rising to 6.85%, its highest since Feb. 4

Oil soars to $113 as Russian supply disruptions increase amid sanctions

Brent crude futures rose by more than $8, touching a peak of $113.02 a barrel, the highest since June 2014, before easing to $111.53, up by $6.56 or 6.3% by 0950 GMT