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 2023As 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 2020Global 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 2020The 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 2019A partial US government shutdown and tepid economic data in some countries also dragged on broad financial markets
2 min read11 Jan 2019Oil 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 2019What will be the state of oil in 2019? Executives, money managers and analysts weigh in
5 min read3 Jan 2019Brent 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 2018Global 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 2018Brent crude oil futures were at $61.09 per barrel, down 36 cents, or 0.6%, from their last close.
1 min read14 Dec 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared