Browsing Tag

Oil prices

Global demand for oil, gas set to peak by 2030: IEA

iednewsdesk Nov 23, 2023

As oil and gas producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products, a major new special report from the International Energy Agency (IEA)…

ONGC, OIL to gain as govt cuts windfall tax on crude oil

iednewsdesk Oct 18, 2023

The central government has reduced the windfall tax on domestic crude oil with effect from October 18 from Rs 12,200 a tonne to Rs 9,050 in its fortnightly review which will benefit upstream oil companies, including ONGC and Oil India Ltd…

International News

Oil prices rise on Middle East tensions

iednewsdesk Oct 16, 2023

Oil prices rose above $91 a barrel on Monday as diplomatic efforts to address the crisis in the Middle East intensified. Investors are concerned that the Israel-Hamas war could spark a wider conflict in the oil-rich region and further…

International News

‘A volatile oil price trajectory would add pressure on govt in pre-election year’

iednewsdesk Oct 9, 2023

The Israel-Hamas war has resulted in the crude oil prices going up in the international markets by about five per cent and if the war continues, then the oil dynamics would change affecting India’s current account deficit (CAD), rupee…