Global economic jitters: Fitch Ratings predicts 2024 impact from soaring oil price

Nov 11, 2023

According to Fitch's Global Economic Outlook (GEO), a scenario with average oil prices of USD 75 per barrel in 2024 and USD 70 per...

OMCs' operating profit to drop by 30% in FY25 amid diesel spread softening: Crisil reports

Oct 27, 2024

Oil marketing companies (OMCs) will see operating profit drop to USD 12-14 per barrel in fiscal 2025 from USD 20 per barrel last fiscal,...

Oil prices surge after OPEC+ announce to cut output

Apr 03, 2023

By 1:12 am (Local Time), Brent was trading at USD 85.41 per barrel (6.46 per cent). The price of futures contracts of WTI crude...

Crude oil prices jump from $63 to $116 amid West Asia crisis; fuel supply remains stable: Petroleum Ministry

Apr 21, 2026

"If you see, in January, our Indian crude basket was around USD 63 per barrel. Which increased to USD 113 per barrel in March...

Kuwait oil price falls by USD 2.44 to reach USD 82.27 pb

Nov 18, 2023

The price of Kuwaiti oil went down by USD 2.44 to reach USD 82.27 per barrel on Friday, compared to USD 84.71 per barrel...

Kuwait oil price rises to USD 83.03 per barrel

Jul 15, 2023

Kuwait oil price climbed by USD 1.17 to USD 83.03 per barrel on Thursday vis a vis USD 81.86 pb on Wednesday, Kuwait Petroleum...