Oil prices

HOUSTON: Oil pricesrose more than 3% on Monday, extending gains as Opec+ producers agreed a small oil production cut to bolster prices. Brent crude futures futures for November delivery rose $3.43 to $96.45 a barrel, a 3.7% gain, by…

The government is planning to overhaul the natural gas pricing policy with an aim to cushion consumers from global shocks and ensure fair rates for both buyers and producers, according to people familiar with the matter. The oil ministry…

Seeking to capitalise on the rise in energy prices, () has relaunched its tender for sale of KG field gas. The idea behind the rebidding is to get a higher price of $15 per mmBtu, news agency PTI reported. As per the tender papers, bids…

NEW DELHI: International oil priceshave hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said. The world's best-known crude…

Bangkok: The US and some others may not appreciate India buying Russian oil, but they have accepted it as New Delhi has not been defensive about its stand but made them realise that the government had the "moral duty" to ensure that the…

Consumers can expect to get a relief of Rs 10-12 a litre on the price of cooking oils of all major brands in the next two weeks, as the central government asked industry representatives on Thursday to pass on further reduction in…

MUMBAI: Indian government bond yields were marginally lower on Thursday, tracking a fall in global oil prices, with market participants awaiting the Reserve Bank of India's monetary policy decision due on Friday. India's 10-year …

Asia’s emerging economies are drawing on large foreign exchange reserves to help prop up their currencies rather than going all-out with interest-rate hikes. India, Thailand and Korea have seen their reserves drop by a combined $115…

Indian Railways has extended the validity of the diesel supply rate contracts it had signed in March 2020 by six months till the end of March 2023, according to people in the know, a move that will protect the national transporter from…

India’s insatiable appetite for discounted Russian oil is eroding the dominance of traditional suppliers from the Middle East to Africa and the US in one of the world’s most lucrative markets. The share of the Eurasian region, which…