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Latest from oil prices

IMF's Deputy Managing Director sees inflation, growth risks if Israel war widens

Modeling by IMF shows that 10% increase in oil prices leads to inflation being 0.4 percentage points higher a year later.

Gita Gopinath, first deputy managing director of International Monetary Fund (IMF), speaks during a Bloomberg Television interview at the annual meetings of the International Monetary Fund (IMF) and World Bank in Marrakesh, Morocco. (Bloomberg)
Published on Oct 11, 2023 07:23 PM IST
Bloomberg |

Israel-Hamas war: Oil prices surge by over 4.5% amid Middle East tensions

Palestinian Islamist group Hamas on Saturday launched the largest military assault on Israel in decades, killing hundreds of Israelis.

Palestinian civil defense crews try to extinguish fire in a house that was hit by an Israeli airstrike in Khan Younis, southern Gaza Strip, Sunday.(AP)
Published on Oct 09, 2023 07:30 AM IST
Reuters |

Number Theory: An oil slick over govt's fiscal plan for elections?

The government’s balancing act between inflation and fiscal prudence could become even more difficult

The price of India’s crude oil basket (COB) climbed to $89.8 per barrel on September 4
Published on Sep 06, 2023 07:34 AM IST

China leads aviation boom across Asia but here's the drawback of travel rebound

China’s domestic travel has led rebound in Asia’s top aviation market and now international travel is set to take off but the resurgence comes with a drawback

China leads aviation boom across Asia but here's the drawback of its travel rebound (AP Photo/Wichai Thaprieo, File)
Published on Aug 27, 2023 09:05 AM IST
Bloomberg | | Posted by Zarafshan Shiraz

ONGC's Q1 net profit falls 34% on lower oil prices and output

ONGC's net profit fell by over 34% in Q1 due to lower oil prices and output. Gross revenue also dropped by 20%.

ONGC (File photo)
Published on Aug 12, 2023 02:47 PM IST
PTI | | Posted by Singh Rahul Sunilkumar
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