crude oil prices

‘Oil companies will decide on petrol price hike’


November 2nd, 2011 - 8:12 pm ICT by IANS
New Delhi, Nov 2 (IANS) The government said Wednesdayit was up to state-run oil marketing companies (OMCs) to decide on any petrol price hike, even as Petroleum Minister ... Read more...

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Oil companies to bear Rs.121,571 crore under-recoveries: Reddy


October 19th, 2011 - 11:56 pm ICT by IANS
New Delhi, Oct 19 (IANS) State-owned oil marketing companies (OMCs) will bear under-recoveries of Rs.121,571 crore in 2011-12, despite the recent petrol price hike, Petroleum Minister S. Jaipal Reddy said ... Read more...

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Inflation eases a tad to 9.22 percent in July


August 16th, 2011 - 2:40 pm ICT by IANS
New Delhi, Aug 16 (IANS) Inflation based on wholesale price index declined marginally to 9.22 percent in July from 9.44 percent in the previous month, official data showed Tuesday.Final inflation ... Read more...

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Fuel prices to fall if global prices dip further (Lead)


August 9th, 2011 - 9:11 pm ICT by IANS
New Delhi, Aug 9 (IANS) The government Tuesday said that prices of petrol and other fuel could be lowered if global crude prices continue to slip further.A fall in ... Read more...

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Petrol price to be cut if global crude prices slip further: Minister


August 9th, 2011 - 3:27 pm ICT by IANS
New Delhi, Aug 9 (IANS) Petroleum Minister S. Jaipal Reddy said Tuesday that if global crude oil prices continue to slip further, petrol price would be lowered. "If the prices ... Read more...

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Highlights of Indian central bank’s monetary policy update


July 26th, 2011 - 1:25 pm ICT by IANS
Mumbai, July 26 (IANS) Following are the highlights of monetary policy update conducted by Reserve Bank of India (RBI) Governor D. Subbarao that saw key rates hiked by a steep ... Read more...

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Sensex climbs 152 points on firm global cues (Roundup)


June 30th, 2011 - 8:59 pm ICT by IANS
Mumbai, June 30 (IANS) A benchmark index for Indian equities markets climbed 152 points Thursday, closing in the positive for the sixth consecutive session, led by good buying support ... Read more...

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Sensex, Nifty rise as crude prices dip (Weekly market review)


June 25th, 2011 - 2:23 pm ICT by IANS
Mumbai, June 25 (IANS) Benchmark indices for Indian equities markets put in a spirited showing in the latter half of the week to erase losses incurred since last week, ... Read more...

Posted in Business |

Crude oil prices now steady after major drop


June 24th, 2011 - 10:13 pm ICT by Aishwarya Bhatt
Washington, June 24 (THAINDIAN NEWS) Price of crude oil has now steadied after a major price drop. In fact the drop was so drastic that the IEA was forced to call in ... Read more...

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Haldia Petrochemicals expects Rs.10,000 crore turnover this fiscal


June 11th, 2011 - 12:50 am ICT by IANS
Kolkata, Jun 10 (IANS) Haldia Petrochemicals Ltd (HPL) is expected to achieve a turnover of Rs.10,000 crore in fiscal 2011-12, a top company executive said Friday."There is turnover growth...this year ... Read more...

Posted in Uncategorized |

Montek hopes headline inflation will decline by September


June 10th, 2011 - 7:47 pm ICT by IANS
Bangalore, June 10 (IANS) Planning Commission Deputy Chairman Montek Singh Ahluwalia Friday hoped that the headline inflation would decline to reasonable levels by September with better macro management and an ... Read more...

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India’s exports jump to all-time monthly high of $26 bn


June 10th, 2011 - 6:41 pm ICT by IANS
New Delhi, June 10 (IANS) India's exports surged to all-time monthly high of $25.9 billion in May, registering a growth of 56.9 percent year-on-year on the back of a sharp ... Read more...

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Global oil use to grow by 1.7 mn barrels per day


June 8th, 2011 - 9:52 am ICT by IANS
New York, June 8 (IANS) The total oil consumption across the world will grow by 1.7 million barrels per day in 2011, the US Energy Information Administration (EIA) said.The agency ... Read more...

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GDP to grow at 8 percent this fiscal, inflation high till September: FICCI


May 30th, 2011 - 6:39 pm ICT by IANS
New Delhi, May 30 (IANS) The Indian economy's growth will moderate to 8 percent this fiscal compared to the 8.6 percent it is estimated to have expanded by in 2010-11, ... Read more...

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High energy prices will hamper growth: Mukherjee


May 3rd, 2011 - 4:34 pm ICT by IANS
New Delhi, May 3 (IANS) India may not be able to achieve the targeted 9 percent growth during the current fiscal if crude oil prices in the international market ... Read more...

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Highlights of monetary policy unveiled by India’s central bank


May 3rd, 2011 - 2:09 pm ICT by IANS
Mumbai, May 3 (IANS) Following are the highlights of the monetary policy for this fiscal unveiled by the Reserve Bank of India (RBI) Governor D. Subbarao Tuesday:-- Repo rate ... Read more...

Posted in Business |

Oil slips after choppy trade on bin Laden’s death


May 3rd, 2011 - 3:29 am ICT by IANS
New York, May 3 (IANS) Crude oil prices Monday edged down after choppy trade triggered by the news that terror mastermind Osama bin Laden was killed by US forces, ... Read more...

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Russia to raise fuel export duties due to domestic shortage


April 29th, 2011 - 12:54 am ICT by BNO News
MOSCOW (BNO NEWS) -- Russian Prime Minister Vladimir Putin on Thursday ordered to raise export duties on oil products in order to address the domestic gasoline shortages, RIA Novosti reported.Putin directed Deputy ... Read more...

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Sensex climbs 434 points; capital goods, auto stocks surge


April 13th, 2011 - 6:51 pm ICT by IANS
Mumbai, April 13 (IANS) A benchmark index for Indian equities markets surged over two percent Wednesday, led by strong buying support in capital goods, auto, IT and banking scrips, ... Read more...

Posted in Business |

Rising inflation may affect India’s growth: Deloitte


April 6th, 2011 - 4:39 pm ICT by IANS
New Delhi, April 6 (IANS) Rising prices of crude oil, food items and poor industrial growth are the biggest threat to India's nine percent growth target, according to a study ... Read more...

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Oil soar on Libya violence


April 1st, 2011 - 3:31 am ICT by IANS
New York, April 1 (IANS) Crude oil prices Thursday settled near $107 a barrel after Libyan leader Muammar Gaddafi's troops recaptured the oil producing towns of Ras Lanuf and Brega ... Read more...

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Indian equities fall as oil price climbs on Libya, Middle East crisis (Roundup)


March 21st, 2011 - 7:22 pm ICT by IANS
Mumbai, March 21 (IANS) A benchmark index for Indian equities markets ended in the red in a choppy session Monday, as rise in crude oil prices amid escalating crisis ... Read more...

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Indian shares climb on positive global cues


March 16th, 2011 - 3:47 pm ICT by IANS
Mumbai, March 16 (IANS) Indian equities bounced back Wednesday, taking cues from the rebound in other Asian markets on bargain buying and a further decline in crude oil prices.The ... Read more...

Posted in Business |

Sensex plunges over Japan disaster, rate hike worries (Second Lead)


March 15th, 2011 - 5:44 pm ICT by IANS
Mumbai, March 15 (IANS) A benchmark index for Indian equities markets slumped nearly one and a half percent Tuesday on worries over the fallout of the devastating earthquake in ... Read more...

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Indian shares tank over Japan disaster, rate hike worries (Lead)


March 15th, 2011 - 1:54 pm ICT by IANS
Mumbai, March 15 (IANS) Indian equities sank Tuesday on worries over the fallout of the devastating earthquake in Japan that has led to three explosions at nuclear reactors and ... Read more...

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Sensex falls 0.77 percent on negative global cues (Lead)


March 10th, 2011 - 6:28 pm ICT by IANS
Mumbai, March 10 (IANS) A benchmark index for Indian equities markets ended 0.77 percent down Thursday on negative global cues as crude oil prices climbed raising concerns over global ... Read more...

Posted in Business |

Indian stock markets slump on negative global cues


March 10th, 2011 - 2:50 pm ICT by IANS
Mumbai, March 10 (IANS) Indian equities markets key indices fell sharply Thursday on negative global cues as crude oil prices climb raising concerns over global economic growth.The 30-share sensitive ... Read more...

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Sensex up 217 points on positive political cues, moderating oil price (Roundup)


March 8th, 2011 - 6:45 pm ICT by IANS
Mumbai, March 8 (IANS) A benchmark index for Indian equities markets rebounded 217 points Tuesday after signs of a rapprochement in sight between the DMK, a key ally of ... Read more...

Posted in Business |

Indian equities move up on positive political cues


March 8th, 2011 - 1:00 pm ICT by IANS
Mumbai, March 8 (IANS) Key Indian stock indices moved up Tuesday after signs of a rapprochement in sight between the DMK, a key ally of the United Progressive Alliance ... Read more...

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Sensex falls 264 points on political concerns, oil prices (Roundup)


March 7th, 2011 - 7:45 pm ICT by IANS
Mumbai, March 7 (IANS) A benchmark index for Indian equities markets fell 264 points Monday on soaring crude oil prices and concerns of political uncertainty after an ally decided ... Read more...

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Diesel price deregulation not inevitable: Basu


March 3rd, 2011 - 5:22 pm ICT by IANS
New Delhi, March 3 (IANS) Deregulation in the prices of diesel was not inevitable, chief economic adviser to the finance ministry Kaushik Basu said Thursday, and added that the government ... Read more...

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Industry chambers welcome ‘development-oriented’ budget


February 28th, 2011 - 7:48 pm ICT by IANS
New Delhi, Feb 28 (IANS) Industry organisations Monday hailed Finance Minister Pranab Mukherjee for presenting a "development-oriented" general budget."Finance Minister Pranab Mukherjee has done a fine balancing act to sustain economic ... Read more...

Posted in Business |

Inflation, oil prices major concerns: Pranab


February 25th, 2011 - 6:13 pm ICT by IANS
New Delhi, Feb 25 (IANS) Persistently high inflation and soaring crude oil prices in the international markets are the major areas of concern and might adversely affect Indian economy, Finance Minister ... Read more...

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Al Qaeda backs Libya unrest amid genocide reports (Roundup)


February 24th, 2011 - 8:16 pm ICT by IANS
Tripoli/Manama/Sana'a, Feb 24 (IANS) Reports of genocide in Libyan towns did the rounds Thursday as Muammar Gaddafi's troops went on a killing spree to crush the 10-day uprising that seems to have ... Read more...

Posted in Politics |

Sensex plunges 546 points on profit booking (Lead)


February 24th, 2011 - 6:53 pm ICT by IANS
Mumbai, Feb 24 (IANS) A benchmark index of Indian equities markets Thursday slumped three percent, the biggest single-day fall in almost 16 months, as investors booked profits on concerns that the ... Read more...

Posted in Business |

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