Oil price

Oil did rise last week for the first time since early January on optimism that Chinese economic stimulus measures amid the outbreak could lead to a recovery in oil demand in the world’s largest importing country. read more

While the government has kept interest rates unchanged for small savings schemes for the fourth quarter of FY20, it may be a smarter choice to invest in fixed deposits, offering lucrative interest rates. read more

Finance Minister Nirmala Sitharaman in her Budget 2020 speech pegged the country’s fiscal deficit at 3.8 per cent for the current fiscal, compared to the earlier target of 3.3 per cent of GDP. read more

Sources said that taking advantage of low oil prices, government may give nod to state-run oil marketing companies to increase price of subsidised LPG cylinder gradually read more

Crude stocks rose by more than seven times market expectations, gaining 3.5 million barrels in the week to Jan. 24, the US Energy Information Administration (EIA) said on Wednesday. read more

Despite news of supply outages, concerns about demand definitely gained the upper hand, which would exacerbate the oversupply risks, energy analysts at Commerzbank Research said in a note on Thursday. read more

Sentiment also dented by a surge in oil prices after two large crude production bases in Libya began shutting down amid a military blockade. India, the world’s third-biggest oil consumer, imports about 80% of its oil needs, making it highly susceptible... read more

In India, the world’s third-biggest oil importer, costs of everything from food to medicines and mobile-phone services have already been climbing. read more

The minister said that the government has taken a “wait and watch” policy and assured that there is no need to panic. read more

Prices gave up most of their early gains as oil production facilities remain unaffected by attacks. read more

Following no fresh escalation in the US-Iran tussle, the Sensex recovered and NSE Nifty reclaimed 12,000 level as crude oil prices also eased. The rupee appreciated 10 paise against the US dollar. read more

The National Stock Exchange’s India VIX index, which tracks investors’ perceptions of volatility for at least a month ahead, soared 16.40% to 14.78, the highest level since February 6, 2018. read more

The turbulence in West Asia can jeopardise the nascent economic recovery read more

Equity markets fell for second consecutive session, with the 30-share key BSE index plummeting 787.98 points, or 1.90 per cent, to close at 40,676.63, on Monday. During the trade, it dropped 850.65 points to 40,613.96. read more

Growing tensions between US and Iran have a global impact as retail prices of Petrol rose to highest since November, 2018 while Diesel prices were hiked by 17 paisa In Delhi. read more