price of crude oil

Britain’s watchdog to probe petrol prices


September 6th, 2012 - 1:13 pm ICT by IANS
London, Sep 6 (IANS) The British Office of Fair Trading (OFT) has announced it will launch an investigation into the prices of petrol and diesel to see whether a fall ... Read more...

Posted in Business |

Opposition heat on Chidambaram over ice cream remark (Lead)


July 11th, 2012 - 8:30 pm ICT by IANS
New Delhi, July 11 (IANS) Under fire for remarks allegedly mocking the urban middle class on rising prices, Home Minister P. Chidambaram Wednesday said he had made a "matter-of-fact" ... Read more...

Posted in Politics |

Chidambaram says he did not mock middle class on price rise


July 11th, 2012 - 3:02 pm ICT by IANS
New Delhi, July 11 (IANS) Under fire for remarks allegedly mocking the urban middle class on rising prices, Home Minister P. Chidambaram Wednesday said he had made a "matter-of-fact" ... Read more...

Posted in Politics |

Congress welcomes petrol price cut, BJP wants rollback


June 2nd, 2012 - 8:04 pm ICT by IANS
New Delhi, June 2 (IANS) The Congress welcomed the Rs.2 per litre cut in petrol prices announced by oil companies Saturday but denied it was a rollback, while the ... Read more...

Posted in Politics |

Reduce petrol price hike burden, Congress tells government


May 24th, 2012 - 7:15 pm ICT by IANS
New Delhi, May 24 (IANS) Facing flak both from allies like the Trinamool Congress and the DMK as well as the opposition for hiking petrol price, the Congress Thursday said ... Read more...

Posted in Politics |

Government subsidy burden at 10-year high


March 6th, 2012 - 6:15 pm ICT by IANS
New Delhi, March 6 (IANS) The Indian government's subsidy burden is expected to reach 2.5 percent of the country's gross domestic product (GDP) for the fiscal ending March 31, the ... Read more...

Posted in Business |

Gas prices decline & stand at $3.29 per gallon


December 5th, 2011 - 7:50 pm ICT by Aishwarya Bhatt
Los Angeles, Dec 5 (THAINDIAN NEWS) The price of gas continues to go on the downside despite the fact that the commodity is still costly on the international market. The price of ... Read more...

Posted in Business |

US trade deficit jumps 15 percent


July 13th, 2011 - 11:33 am ICT by IANS
Washington, July 13 (IANS/EFE) The US trade deficit increased by 15.1 percent in May to $50.2 billion, the highest level since October 2008, the Commerce Department said Tuesday.In April, the ... 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...

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...

Posted in Business |

Central Government under attack over petrol price hike


January 16th, 2011 - 7:19 pm ICT by ANI
New Delhi/ Varanasi/ Patna/ Mumbai, Jan 16(ANI): The Central Government on Sunday faced all round criticism for increasing the retail prices of petrol.State-owned oil companies had hiked petrol prices on Saturday ... Read more...

Posted in National |

Empowered ministers’ group to decide on petrol price hike


May 24th, 2010 - 7:04 pm ICT by IANS
Chennai, May 24 (IANS) The empowered group of ministers scheduled to meet June 7 will decide on a hike in petrol and diesel prices, Petroleum Minister Murli Deora said Monday. "The petroleum and ... Read more...

Posted in Business |

Stock Markets Witness Crude Benchmark Settle Down At $77


May 7th, 2010 - 7:09 pm ICT by GD
By Ranjan Bhaduri New York, May 7 (THAINDIAN NEWS) The Stock markets witnessed a heavy session of chaos on Thursday which had the crude oil benchmark falling down steep by $2.86 only to ... Read more...

Posted in Business |

India’s fuel subsidies don’t help poor, says expert


April 23rd, 2010 - 3:49 pm ICT by IANS
Washington, April 23 (IANS) India's fuel subsidies don't actually help poor households but instead benefit those who can afford to own vehicles and electrical appliances, according to a leading expert. "When the price ... Read more...

Posted in Business |

Gas Prices May Rise Above $3 A Gallon, Again


March 23rd, 2010 - 8:31 pm ICT by Angela Kaye Mason
Mar 23 (THAINDIAN NEWS) As the price of crude oil is still lingering above the $80 a barrel mark, customers are feeling the tug on their wallets. The price per barrel ... Read more...

Posted in World News |

$3 A Gallon For Gas Raises Concern


March 23rd, 2010 - 6:40 pm ICT by GD
By Meena Kar New York, Mar 23, (THAINDIAN NEWS) The recent hike in the price of natural gas has once again raised the eyebrows of people and some of them have started to ... Read more...

Posted in Business |

Gas Price In Highest Hike After 2008


March 19th, 2010 - 7:32 pm ICT by GD
By Meena Kar Mar 19, (THAINDIAN NEWS) Increase in the price of fuel has been a great cause of concern for the people of the United States as well as the world and ... Read more...

Posted in Business |

US stocks fall sharply amid fears of more job losses


February 5th, 2010 - 9:22 am ICT by IANS
New York, Feb 5 (DPA) US stocks posted their worst losses in nearly nine months Thursday as a surprising jump in weekly unemployment claims stoked fears that a jobless economic recovery has ... Read more...

Posted in Business |

US stocks climb on home sales, commodities


February 3rd, 2010 - 6:54 am ICT by IANS
New York, Feb 3 (DPA) US stocks posted strong gains for a second straight day indications of a stronger US housing market and gains in commodity stocks. Pending sales of existing homes climbed ... Read more...

Posted in Business |

US stocks climb on oil, gold hikes


September 9th, 2009 - 5:20 am ICT by IANS
New York, Sep 9 (DPA) Major Wall Street indices gained Tuesday as price increases for oil and metals including gold fuelled a rally in commodity and energy shares. The dollar hit a 2009 ... Read more...

Posted in Business |

US stocks lower on commodities, ignore Fed’s upbeat assessment


July 30th, 2009 - 6:42 am ICT by IANS
New York, July 30 (DPA) US stocks fell Wednesday amid fresh commodity fears, which overshadowed an optimistic report on the US economy from the Federal Reserve. Energy and metals manufacturers declined as ... Read more...

Posted in Business |

Why is oil price rising? Speculators under scrutiny


July 12th, 2009 - 2:35 pm ICT by IANS
By Chris Cermak Washington, July 12 (DPA) The world's addiction to oil has long been a source of consternation for politicians, especially in the West. Oil threatens the environment and national security, ... Read more...

Posted in Business |

Sensex dips into red after green start (Lead)


June 30th, 2009 - 1:30 pm ICT by IANS
Mumbai, June 30 (IANS) A key index of the Indian equities market dipped into the red after a positive start Monday, falling about 78 points from its last closing figure, a ... Read more...

Posted in Business |

US stocks gain on energy shares


June 30th, 2009 - 6:14 am ICT by IANS
New York, June 30 (DPA) US stocks posted gains Monday, led by energy companies and some optimism ahead of a big week of economic figures in the US. The price of crude oil ... Read more...

Posted in Business |

US stocks rise on retail, oil and interest rates


June 12th, 2009 - 5:18 am ICT by IANS
New York, June 12 (DPA) US stocks posted gains Thursday amid a drop in long-term borrowing costs, a rise in oil prices and improving US retail sales. The stock gains sent the Standard ... Read more...

Posted in Business |

US stocks slide on jobless forecast and energy earnings


June 4th, 2009 - 6:01 am ICT by IANS
New York, June 4 (DPA) Major US stock indices declined Wednesday for the first time in five days ahead of a monthly jobs report, a drop in oil prices and poor earnings ... Read more...

Posted in Business |

Global carbon emissions to increase 40 percent by 2030


May 28th, 2009 - 2:59 am ICT by IANS
Washington, May 28 (DPA) The level of carbon emissions into the Earth's atmosphere will surge nearly 40 percent by 2030 if the governments can't force more limits on pollutants blamed for global ... Read more...

Posted in Environment |

US stocks rally on oil prices rise


March 7th, 2009 - 7:01 am ICT by IANS
New York, March 7 (DPA) A jump in oil prices sparked a major rally in the final hour of trading on Wall Street Friday, helping US stocks close higher on a day ... Read more...

Posted in Business |

Aviation fuel price cut by 4 percent


January 31st, 2009 - 8:09 pm ICT by IANS
New Delhi, Jan 31 (IANS) Three days after the government announced reduction in petrol, diesel and cooking gas prices, state-run oil companies Saturday slashed the price of aviation turbine fuel (ATF) by ... Read more...

Posted in Uncategorized |

Liquid wood is the plastic of tomorrow


January 12th, 2009 - 11:20 am ICT by IANS
Hamburg, Jan 12 (DPA) Plastic was one of the great chemical inventions of the 20th century, but now liquid wood may be the plastic of the 21st century, according to a group ... Read more...

Posted in Sci-Tech |

Opec oil price falls


December 17th, 2008 - 5:45 pm ICT by IANS
Vienna, Dec 17 (DPA) The price for oil produced by the Organization of the Petroleum Exporting Countries (Opec) fell by $1.79 Tuesday, although the cartel is expected to approve a drastic cut ... Read more...

Posted in Uncategorized |

Inflation rate moderates further, eases to 10.68 percent (Lead)


October 30th, 2008 - 6:09 pm ICT by IANS
New Delhi, Oct 30 (IANS) India's annual rate of inflation eased to 10.68 percent for the week ended Oct 18 from 11.07 percent the week before, prompting economists to predict it would ... Read more...

Posted in Business |

Crude oil climbs by $25 a barrel


September 23rd, 2008 - 5:36 am ICT by IANS
Washington, Sep 23 (DPA) The price of crude oil climbed by $25 per barrel Monday, the largest jump ever over worries of a weakened dollar prompted by US government plans to buy ... Read more...

Posted in World |

OPEC crude price slides below $100


September 10th, 2008 - 7:34 pm ICT by IANS
Vienna, Sep 10 (DPA) The price of crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) has plunged below $100 per barrel for the first time since late March, ... Read more...

Posted in Uncategorized |

US stocks fall on Fannie and Freddie fears


July 12th, 2008 - 8:09 am ICT by IANS
DPA New York, July 12 (DPA) Major US stock indices dropped Friday on continuing concern that mortgage giants Fannie Mae and Freddie Mac were threatened with possible collapse. US officials and politicians all ... Read more...

Posted in Business |

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