Oil prices | Zee News

Advertisement

Oil prices News

04 Nov 2024

Oil Prices May Spike Only if Middle-East Conflict Escalates: Report

Middle-East Conflict: Crude prices are weak as fundamental factors do not support higher oil prices and there has not been any major attacks on the oilfields in Iran.

03 Oct 2024

Joe Biden Says US 'Discussing' Possible Israeli Strikes On Iran Oil Facilities

US President Joe Biden's recent remarks on potential Israeli strikes on Iranian oil facilities have sent oil prices soaring by 5%.

02 Oct 2024

Iran's Missile Attack On Israel Sends Oil Prices Skyrocketing

The ongoing tensions highlight the importance of Iran's oil industry for maintaining stability in energy markets, especially during periods of political unrest or possible supply shortages.

22 May 2024

India To Gain As Global Oil Prices Decline Despite Geopolitical Tensions

Russia has now emerged as the largest supplier of crude oil to India replacing Iraq and Saudi Arabia which occupied the top slot earlier.

29 Dec 2023

Oil Prices To Go Down? Here's What Industry Sources Are Saying

The current dip in international crude oil prices is a key factor influencing the decision to cut fuel prices in India.

09 Aug 2022

India saw 6.1% y-o-y rise in fuel demand in July

India's fuel demand rose 6.1% y-o-y in July, as per PPAC. Cooking gas or LPG sales increased by 1.7%. Gasoline or petrol sales were 6.8% higher from last year.

14 Jun 2022

WPI inflation spikes to record 15.88% in May on costlier food items, crude oil

The WPI inflation has remained in double digit for the 14th consecutive month since April last year and has been in the upper trajectory for three straight months.

06 May 2022

Oil rises 1%, set for another weekly rise on supply concerns

Brent futures rose $1.43, or 1.3%, to $112.31 per barrel by 1:24 p.m. WTI was on track to gain about 6% and Brent set to rise nearly 4% this week. Demand concerns on signs of a weakening global economy capped the price rise.

27 Apr 2022

DNA: Why PM Modi had to speak on petrol and diesel prices?

Today, Prime Minister Narendra Modi appealed to many states of the country to reduce VAT to reduce oil prices. However, these are the state governments where there are often protests against expensive oil prices.

22 Apr 2022

Indonesia bans palm oil export, world to face the jitters

Indonesia has banned the export of palm oil from April 28. The decision has been taken to control skyrocketing domestic prices and ensure availability of food products at home. Indonesia is the world’s biggest exporter of palm oil.

17 Apr 2022

Oil Ministry freezes gas allocation, prices of CNG, PNG spike: Report

The halt has led to a hike in CNG and piped cooking gas prices to record levels. Current supplies have been maintained at March 2021 demand level, report said.

31 Mar 2022

Stock limit on edible oils, oilseeds extended up to Dec 31

A notification from the Ministry of Food, Consumer Affairs and Public Distribution's Department of Food and Public Distribution published on Wednesday, extended the date from March 31 to December 31.

22 Mar 2022

Oil mixed as dollar rises, EU looks less likely to ban Russian oil

A strong dollar makes crude more expensive for other currency holders and tends to weigh on risk appetite. Earlier this month, Brent hit $139 a barrel, the highest since 2008. Oil prices drew support from threats to supply as Yemen`s Iran-aligned Houthi group attacked Saudi energy and water desalination facilities.

21 Mar 2022

Oil prices up more than $4 as EU considers Russian oil ban

EU governments will consider whether to impose an oil embargo on Russia. Brent crude futures were up $4.44, or 4.1%, at $112.37 a barrel by 1321 GMT, adding to a 1.2% rise on Friday.

12 Mar 2022

Uber adds fuel surcharge due to high gas prices, check if you have to pay more

The temporary fee is designed to reduce the burden of high gas prices. The fee is temporary but lasts for at least the next 60 days. The company said that drivers who switch to EVs can enjoy higher earnings potential due to Uber`s Green Future Programme.

11 Mar 2022

Centre making efforts to check rise in edible oil, fuel prices

Central government is making efforts to check the rise in edible oil and fuel prices.

08 Mar 2022

Petrol, diesel rates remain unchanged across cities even as crude oil boils

The central government reduced excise duty on November 4, 2021, to provide relief from historically high prices. The government reduced the duty on petrol by Rs 5 per litre and on diesel by Rs 10 per litre, resulting in significant reductions in fuel prices. Later, in December 2021, the Delhi government cut the value-added tax on petrol from 30% to 19.40%.

07 Mar 2022

Oil price soars on talks about Russia oil ban, Iran deal delay

Global oil prices have spiked more than 60% since the start of 2022, along with other commodities, raising concerns about world economic growth and stagflation. Russia is Japan`s fifth-biggest supplier of crude oil and liquefied natural gas (LNG). Iran will take several months to restore oil flows even if it reaches a nuclear deal, analysts said.

07 Mar 2022

Petrol, diesel prices to go up from tonight? Here's what you need to know

To combat growing inflation, the central government could lower the excise on fuel and diesel by Rs 3 or Rs 4. As a result, the price of petrol in India might rise from Rs 10 to Rs 16 per litre. Simultaneously, diesel prices may rise by Rs 8 to 12 per litre.

Russia-Ukraine conflict

07 Mar 2022

Know how much oil US imports from Russia

US exploring banning Russian oil import. Intensifying conflict between Russia and Ukraine. US got 3.5% of imported oil from Russia in 2021.

Loading...

NEWS ON ONE CLICK