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Impact of banking crisis on oil & diesel prices in India | Mint Explains

The video highlights the impact of the ongoing banking crisis in the United States on the petrol and diesel prices in India. Despite global oil prices rising due to the crisis, major oil marketing companies in India have not revised their prices for over 15 months, resulting in huge losses for the companies. The recent fall in global fuel prices presents an opportunity for the companies to recover their losses, but they are unlikely to reduce prices anytime soon. It is believed that petrol and diesel prices in India will remain constant for the time being, despite the falling global oil prices.

22 Apr 2023
Markets

Oil falls below $43 on virus fears, still heads for weekly gain

As daily coronavirus cases rose to 55,000 mark in the U.S., oil prices plummets to $43 per barrelWhile the OPEC oil production fell to abysmal levels in decades, Brent crude was down by 51 cents

1 min read3 Jul 2020
Markets

Oil’s record drop could spark new global price war

Global oil prices crashed 31.5% on Monday to touch $31.02 a barrel, the biggest single-day drop since the Gulf crisis of 1991. Mint takes a look.

2 min read9 Mar 2020
Market

Oil prices dip on signs of economic slowdown, but OPEC-led cuts provide support

The outlook for the global economy was darkened further when British lawmakers on Tuesday overwhelmingly rejected Prime Minister Theresa May's deal to leave the European Union

2 min read16 Jan 2019
Market

Oil prices dip as worries over economic slowdown return

A partial US government shutdown and tepid economic data in some countries also dragged on broad financial markets

2 min read11 Jan 2019
Industry

Oil prices slip on economic downturn fears, but OPEC cuts offer support

Oil prices fell after the US showed signs of following Asia into an economic slowdown, although supply cuts by producer club OPEC kept declines in check

1 min read4 Jan 2019
Industry

What experts say about oil prices in 2019

What will be the state of oil in 2019? Executives, money managers and analysts weigh in

5 min read3 Jan 2019
Industry

Oil prices slip towards 18-month lows ahead of New Year

Brent crude oil fell 56 cents to a low of $51.60 a barrel before recovering some ground to trade around $52.05 by 1300 GMT, having earlier risen more than 3%

2 min read28 Dec 2018
Market

Oil slips back towards 18-month lows on oversupply

Global stocks rebounded on Wednesday on the back of the Trump administration's attempt to shore up investor confidence and a report on strong US holiday spending

1 min read27 Dec 2018
Market

Oil prices fall today as investors book profits amid China economy worries

Brent crude oil futures were at $61.09 per barrel, down 36 cents, or 0.6%, from their last close.

1 min read14 Dec 2018
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