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Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., as the sun sets in Tuapse, Russia.(Bloomberg)

Brent oil drops under $20, lowest since 2001

By Agence France-Presse | London
UPDATED ON APR 21, 2020 03:54 PM IST
Europe’s benchmark oil contract reached $18.10 per barrel before shooting back up to $21.51 in volatile trading.
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An oil well near Tioga, North Dakota.(AFP File Photo)
An oil well near Tioga, North Dakota.(AFP File Photo)

Why US may look to India as Trump’s trade war with China escalates

By Bloomberg
UPDATED ON JUL 07, 2018 06:49 PM IST
Sales of US crude oil may slow amid a growing trade war between Beijing and the Trump administration.
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Sovereign debt fell for a fourth day Wednesday as focus returned to concern that rising oil prices may once again prompt the Reserve Bank of India (RBI) to turn hawkish.(Dhiraj Singh/Bloomberg)
Sovereign debt fell for a fourth day Wednesday as focus returned to concern that rising oil prices may once again prompt the Reserve Bank of India (RBI) to turn hawkish.(Dhiraj Singh/Bloomberg)

Rising oil prices halt India’s bond rally

By Kartik Goyal | Bloomberg
UPDATED ON APR 12, 2018 12:04 PM IST
A surge in Brent oil to above $70 a barrel has stoked inflation concerns in India, since it imports about three-quarters of its oil. Earlier, an oversupply of debt from the states and poor demand from banks had weighed on investors.
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