The economic impact of global oil supply have important implications for India – a net importer of crude oil – to deliver price stability. Moreover, the oil supply-related news shocks cause a sustained increase in consumer prices, impact the value of Indian currency and reduce the domestic output. High crudeRead More →
Oil prices rose to a fresh 10-month high for the fifth straight session and were on track to record a third weekly gain as supply tightness driven by Saudi Arabian production cuts combined with optimism around Chinese demand. WTI futures were up 45 cents, or 0.5 per cent, to $90.61Read More →
Oil prices leaped to their highest level this year on Thursday, September 14, extending its rally as expectations of tighter supply outweighed worries about weaker economic growth and rising US crude inventories. Crude oil has picked up a robust momentum ever since Saudi Arabia and Russia extended their voluntary outputRead More →
To begin the trading of Nymex WTI crude oil and natural gas, NSE on Wednesday signed a data licensing agreement with derivatives marketplace CME Group. Also Read: Ambuja Cements continues to be among stocks under F&O ban on NSE With this pact, National Stock Exchange (NSE) would be able toRead More →
