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'Ugly truth exposed': BJP slams Rahul Gandhi over his 'Opposition fighting Indian state' remark | We have a deal for hostages in Middle East: Donald Trump takes credit for Israel, Hamas ceasefire agreement | Israel, Hamas reach ceasefire agreement to end 15-month-long war in Gaza | Navy commissions 2 indigenously developed warships, 1 submarine; PM Modi says India becoming major maritime power | 'Inadvertent error': Meta India apologises for Mark Zuckerberg's remark on 2024 elections in India | Akhilesh Yadav takes holy dip in Ganga on Makar Sankranti | Sharad Pawar accuses Amit Shah of not maintaining his post's decorum after latter's treachery jibe | India 'strongly takes' up matter with Moscow after Kerala man dies fighting for Russia | Delhi court slams cop for manipulating evidence in 2020 riots case, acquits accused who was falsely implicated | Maha Kumbh in Prayagraj: Ten million devotees brave winter chills to take holy dip in Sangam for first 'Amrit Snan'

Global oil prices could have skyrocketed without India’s oil purchases from Russia: Union Minister Hardeep Singh Puri

Nov 09, 2024, at 07:44 pm

New Delhi/IBNS: Union Minister Hardeep Singh Puri emphasized that India’s decision to purchase oil from Russia has played a crucial role in preventing global oil prices from escalating even further.

Oil prices rise by over $1 as OPEC+ delays output hike

Nov 04, 2024, at 08:23 pm

Beijing/IBNS: Oil prices saw further gains on Monday (Nov. 4), climbing more than $1 following OPEC+'s decision to delay a planned production increase by a month. 

Oil falls 5% after Israel's counterattack on Iran; Brent crude drops to $71.92 per barrel

Oct 29, 2024, at 07:21 pm

New York/IBNS: Oil prices fell by about $4 per barrel on Monday (Oct. 28) after Israel's weekend counterstrike on Iran left key oil and nuclear sites untouched, easing concerns over potential disruptions to energy supplies.

Global oil prices shoot up for third consecutive day amid escalating Middle East conflicts

Oct 03, 2024, at 08:38 pm

New York/IBNS: Escalating tensions between Israel and Iran in the Middle East have driven global crude oil prices upward, and the situation could worsen following Iran's launch of around 180 ballistic missiles at Israel in response to the deaths of Hamas, Hezbollah, and Iranian military leaders.

Oil rises nearly 2% amid hurricane disruptions and US Fed rate cut hopes; brent crude Hits $73.01/barrel

Sep 17, 2024, at 08:28 pm

New York/IBNS: Oil prices surged by nearly 2 percent on Monday (Sept. 16), buoyed by continued disruptions to U.S. Gulf Coast oil production, despite ongoing concerns about demand stemming from weak economic data from China.

Oil prices plunge on deflated US interest rate cut expectations, OPEC+ decision

Jun 08, 2024, at 06:25 pm

New York/IBNS: Oil prices plunged on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest United States jobs data that lowered expectations that the Federal Reserve will cut interest rates soon, reports said.

Oil prices rise amid tepid forecast for US crude supply

Mar 13, 2019, at 09:40 am

New York, Mar 13 (Xinhua/UNI) Oil prices rose on Tuesday, as the US Energy Information Administration (EIA) on Tuesday lowered its forecasts for US crude supply for 2019 and 2020.