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The Middle East crisis has left oil markets on edge, and the volatility is expected to continue. Prices are likely to stay high, even as forecasts vary on how long the surge will last, with the ongoing conflict still disrupting global supplies. Prices edged lower on Friday but held firmly above the $100 mark, reflecting…
Fishermen in Gujarat will continue to receive diesel at subsidised rates after the Centre decided to roll back a recent steep increase in bulk fuel prices, following a request from the state government. The relief comes after oil companies raised the price of bulk diesel by Rs 22.43 per litre for industrial users earlier in…
The Iran war has entered its fourth week and global oil markets are showing a clear split with actual fuel supply prices are rising much faster than widely tracked oil futures. Brent crude, the global benchmark, has jumped over 50% to around $112 a barrel following the near-complete closure of the Strait of Hormuz and…
NEW DELHI: Leader of opposition in Lok Sabha Rahul Gandhi slammed the BJP-ruled central government over falling rupee and called it “clear signs” that inflation was inevitable. He criticised the Centre’s “empty rhetoric” as the country faces economic restrain due to LPG shortage amid West Asia crisis. He claimed that petrol, diesel, and LPG prices…
As the Middle East conflict continues to boil and oil continues to soar, consumers are growing concerned about the cost of petrol and diesel. State-run oil marketing companies have raised prices of premium petrol variants by more than Rs 2 per litre, while keeping retail rates of regular petrol and diesel unchanged. The hike affects…
In a bid to cool rising oil prices amid the ongoing Middle East crisis the Trump administration has begun releasing crude from the Strategic Petroleum Reserve (SPR), lending 45.2 million barrels to energy companies in its first round. The volume released so far represents just over half of the 86 million barrels the administration had…
MUMBAI: As the West Asia war rages on, India’s middle class has begun bearing the brunt. From airfares to air-conditioners, home interiors, bottled water and even regular laundry services, companies across segments are starting to take price hikes to cope with inflating input costs on the back of of supply disruptions and soaring oil, derivatives…
Gold prices surged by Rs 1,914 to Rs 1.46 lakh per 10 grams in futures trade on Friday, tracking firm global trends amid improving sentiment following signs of easing geopolitical tensions in West Asia, PTI reported.On the Multi Commodity Exchange (MCX), gold contracts for April delivery climbed by Rs 1,914, or 1.32 per cent, to…
Gold price prediction today (AI image) Gold price prediction today: Gold prices are range-bound and highly volatile in the current scenario, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.Gold futures on MCX are trading near ₹1,46,900 after witnessing a sharp decline followed by a recovery bounce. The price action indicates consolidation…
Strait of Hormuz (AP image) Iran has introduced a ‘safe shipping corridor’ that allows selected vessels to pass through the Strait of Hormuz via a route inside its territorial waters, as tensions in the region continue to disrupt global maritime traffic.The corridor is being offered only to ships that receive prior approval from Iranian authorities,…
