Oil Prices Collapse
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Commercial LPG Cylinders Get Cheaper By Rs 58.50 From Today
Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates brought relief to commercial users such as hotels, restaurants, and businesses.
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Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude Ban
Hungary remains a stumbling block, as EU sanctions require unanimous support. Hungary is pressing for about 750 million euros ($800 million) to upgrade its refineries and expand a pipeline from Croatia.
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Oil Hits Highest Since 2014 On Russia-Ukraine Tension
Brent crude rose $1.37, or 1.6%, to $89.57 at 1319 GMT after reaching $89.60, the highest since October 2014. U.S. West Texas Intermediate (WTI) crude was up $1.13, or 1.3%, to $86.73.
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Oil Prices Tumble As Demand Collapse; Brent Sees The Worst Fall Since 1999
Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak.
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US Oil Prices Rebound Into Positive Territory After Historic Crash
US oil prices rebounded above zero Tuesday, a day after futures ended in negative territory for the first time as a coronavirus-triggered collapse in demand leaves the world awash in crude.
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US Crude Oil Price Goes Negative For The First Time In History
The US benchmark crude oil price collapsed on Monday, falling to one cent a barrel amid an epic supply glut caused largely by the coronavirus pandemic's hit to demand.
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Saudis, Russians "Close To Deal", Says Donald Trump As Oil Prices Plummet
US President Donald Trump said Thursday that Russia and Saudi Arabia are "close" to agreeing on production cuts to prop up oil prices.
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Mukesh Ambani Loses Asia's Richest Crown to Jack Ma In $5.8 Billion Rout
India's top industrialist Mukesh Ambani is no longer Asia's richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.
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"It's Not Breaking, It's Broken": Rahul Gandhi's Jibe At PM On Rupee Dive
The rupee is "not breaking, it's broken," Congress president Rahul Gandhi quipped today in his tweet jibe at the government after the currency's sharp dive to 73.77 to a dollar, a new record. The rupee collapsed as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.
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As Oil Prices Collapse, Indians Left Unemployed Head Home From Gulf
Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a state that has one of India's highest unemployment rates.
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New Year Has Started On A Challenging Note, Says Arun Jaitley
Stating that 2016 has started on a challenging note for the world, Union Finance Minister Arun Jaitley today said economic volatility manifested in the oil price collapse and the Chinese crisis have become the norm.
-
Commercial LPG Cylinders Get Cheaper By Rs 58.50 From Today
Oil marketing companies revised the prices of commercial LPG gas cylinders on Tuesday, reducing the cost of a 19 kg commercial cylinder by Rs 58.50. The new rates brought relief to commercial users such as hotels, restaurants, and businesses.
-
Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude Ban
Hungary remains a stumbling block, as EU sanctions require unanimous support. Hungary is pressing for about 750 million euros ($800 million) to upgrade its refineries and expand a pipeline from Croatia.
-
Oil Hits Highest Since 2014 On Russia-Ukraine Tension
Brent crude rose $1.37, or 1.6%, to $89.57 at 1319 GMT after reaching $89.60, the highest since October 2014. U.S. West Texas Intermediate (WTI) crude was up $1.13, or 1.3%, to $86.73.
-
Oil Prices Tumble As Demand Collapse; Brent Sees The Worst Fall Since 1999
Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak.
-
US Oil Prices Rebound Into Positive Territory After Historic Crash
US oil prices rebounded above zero Tuesday, a day after futures ended in negative territory for the first time as a coronavirus-triggered collapse in demand leaves the world awash in crude.
-
US Crude Oil Price Goes Negative For The First Time In History
The US benchmark crude oil price collapsed on Monday, falling to one cent a barrel amid an epic supply glut caused largely by the coronavirus pandemic's hit to demand.
-
Saudis, Russians "Close To Deal", Says Donald Trump As Oil Prices Plummet
US President Donald Trump said Thursday that Russia and Saudi Arabia are "close" to agreeing on production cuts to prop up oil prices.
-
Mukesh Ambani Loses Asia's Richest Crown to Jack Ma In $5.8 Billion Rout
India's top industrialist Mukesh Ambani is no longer Asia's richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.
-
"It's Not Breaking, It's Broken": Rahul Gandhi's Jibe At PM On Rupee Dive
The rupee is "not breaking, it's broken," Congress president Rahul Gandhi quipped today in his tweet jibe at the government after the currency's sharp dive to 73.77 to a dollar, a new record. The rupee collapsed as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.
-
As Oil Prices Collapse, Indians Left Unemployed Head Home From Gulf
Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a state that has one of India's highest unemployment rates.
-
New Year Has Started On A Challenging Note, Says Arun Jaitley
Stating that 2016 has started on a challenging note for the world, Union Finance Minister Arun Jaitley today said economic volatility manifested in the oil price collapse and the Chinese crisis have become the norm.
