2024 Ahoy! Crude to determine health of economy
In FY23, India spent $157.5 billion on importing 232.7 million tonnes of crude oil.
In FY23, India spent $157.5 billion on importing 232.7 million tonnes of crude oil.
Titled as the 'World Oil Outlook 2045', the report says that India will add 6.6 mb/d (million barrels per day) to oil demand by 2045.
Union oil minister says such uncertainties only encourage people to look for alternate sustainable ways
These production cuts have been made despite growing energy demand, says Hardeep Singh Puri.
US-led dollar bloc uses policy tightening to hit back at commodity producers led by Russia. Indian economy feels the heat.
OPEC Plus – a grouping of 23 oil-rich countries -- is meeting in Vienna on Wednesday to discuss a major production cut for the first time since March 2020.
Both the BSE Sensex and Nifty 50 plunge nearly 4% intraday as fear grips equity markets after the historic collapse of U.S. crude oil prices on Monday.
Amid slowdown blues India’s import bill is set to come down thanks to low crude oil prices, which will result in a surplus current account in FY21, last seen 17 years ago.
The Covid-19 data and uncertainties continue to scare the bulls as benchmark indices close in red after gaining nearly 4% in early trade.
Fuel prices are going through the roof, and the predictable finger-pointing exercise is on. But economists say that states have the power to slash prices. Will they listen?