India China On Crude Oil

The rupee surged for a seventh straight session on Friday to close at 70.92 per US dollar, up 22 paise, as softening crude oil prices and easing US-China trade tensions bolstered investor sentiment, news agency Press Trust of India reported. The gain in rupee was in-line with other Asian currencies which rose following signs of rapprochement betwee...

Beijing announced it would impose the 5 per cent levies -- the first ever Chinese tariffs on US oil -- on August 23 and they took effect September 1.

Any efforts to import Iranian crude oil beyond the accepted levels negotiated from November to May will be sanctioned, the US has warned, amidst reports that India and China were seeking ways to buy oil from Tehran.

Forex traders said slower GDP, higher crude oil prices, and faltering trade talks between the US and China weighed on the domestic currency.

Energy slump is a game changer for India and could mean the Reserve Bank of India shifts to a neutral outlook, says Bloomberg Economics.

Rupee Vs Dollar: At the interbank forex market, the rupee opened lower at 70.91 and declined further to quote at 71.02, showing a fall of 15 paise over its previous close.

India is the world's second-biggest gold buyer, after China, and spent $3.64 billion on such imports last month. The government is also planning to ask state oil firms to lock in their crude futures purchase prices, anticipating a spike when US sanctions on Iran are reimposed in November.

How do you solve a problem like US foreign policy? It's a question two of the world's largest oil consumers will have to wrestle with over the next four months -- and their answers will define the global trade in oil.

India has experienced negative growth in exports due to various factors like stagnation in EU countries, slowdown in China and fall in commodity and crude oil prices, Parliament was informed on Monday.

Increased supply of oil from Iran and concerns over demand growth in countries like India and China will drive oil prices yet lower in 2016 as output vastly exceeds consumption, Moody's Investors Service has said.

Economists anticipate subdued growth in China and the euro zone next year, though signals from India are more positive, according to a Reuters poll released on Friday. The gloomy outlook in two major oil consuming markets added to fears of slowing oil demand at a time of global oversupply.

Noting that India continued to be the second fastest growing economy in the world after China, Finance Minister P Chidambaram said on Friday people should not be worried about the current slowdown and expressed hope of achieving 6 per cent growth this fiscal year.

India plans to set up a fund of up to Rs 2,000 crore to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global reinsurers from taking on the risk.

Brent crude oil slipped over a dollar towards $111 on Wednesday, extending its longest losing streak in nearly two years

Oil consumer nations are set to pay a record $2 trillion this year for oil imports if crude prices do not fall, the International Energy Agency (IEA) said on Tuesday, undermining economic recovery.

The rupee surged for a seventh straight session on Friday to close at 70.92 per US dollar, up 22 paise, as softening crude oil prices and easing US-China trade tensions bolstered investor sentiment, news agency Press Trust of India reported. The gain in rupee was in-line with other Asian currencies which rose following signs of rapprochement betwee...

Beijing announced it would impose the 5 per cent levies -- the first ever Chinese tariffs on US oil -- on August 23 and they took effect September 1.

Any efforts to import Iranian crude oil beyond the accepted levels negotiated from November to May will be sanctioned, the US has warned, amidst reports that India and China were seeking ways to buy oil from Tehran.

Forex traders said slower GDP, higher crude oil prices, and faltering trade talks between the US and China weighed on the domestic currency.

Energy slump is a game changer for India and could mean the Reserve Bank of India shifts to a neutral outlook, says Bloomberg Economics.

Rupee Vs Dollar: At the interbank forex market, the rupee opened lower at 70.91 and declined further to quote at 71.02, showing a fall of 15 paise over its previous close.

India is the world's second-biggest gold buyer, after China, and spent $3.64 billion on such imports last month. The government is also planning to ask state oil firms to lock in their crude futures purchase prices, anticipating a spike when US sanctions on Iran are reimposed in November.

How do you solve a problem like US foreign policy? It's a question two of the world's largest oil consumers will have to wrestle with over the next four months -- and their answers will define the global trade in oil.

India has experienced negative growth in exports due to various factors like stagnation in EU countries, slowdown in China and fall in commodity and crude oil prices, Parliament was informed on Monday.

Increased supply of oil from Iran and concerns over demand growth in countries like India and China will drive oil prices yet lower in 2016 as output vastly exceeds consumption, Moody's Investors Service has said.

Economists anticipate subdued growth in China and the euro zone next year, though signals from India are more positive, according to a Reuters poll released on Friday. The gloomy outlook in two major oil consuming markets added to fears of slowing oil demand at a time of global oversupply.

Noting that India continued to be the second fastest growing economy in the world after China, Finance Minister P Chidambaram said on Friday people should not be worried about the current slowdown and expressed hope of achieving 6 per cent growth this fiscal year.

India plans to set up a fund of up to Rs 2,000 crore to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global reinsurers from taking on the risk.

Brent crude oil slipped over a dollar towards $111 on Wednesday, extending its longest losing streak in nearly two years

Oil consumer nations are set to pay a record $2 trillion this year for oil imports if crude prices do not fall, the International Energy Agency (IEA) said on Tuesday, undermining economic recovery.