Oil falls 5% after Israel's counterattack on Iran; Brent crude drops to $71.92 per barrel
Oct 29, 2024, at 07:21 pm
New York/IBNS: Oil prices fell by about $4 per barrel on Monday (Oct. 28) after Israel's weekend counterstrike on Iran left key oil and nuclear sites untouched, easing concerns over potential disruptions to energy supplies.
Finance Ministry to decide on scrapping windfall tax as crude prices decline, says PM's advisor
Oct 24, 2024, at 05:43 am
New Delhi: The Union finance ministry is expected to decide on scrapping the windfall tax on crude oil, as falling prices have made the levy less relevant, said Prime Minister’s advisor Tarun Kapoor, media reports said.
Sep 17, 2024, at 08:28 pm
New York/IBNS: Oil prices surged by nearly 2 percent on Monday (Sept. 16), buoyed by continued disruptions to U.S. Gulf Coast oil production, despite ongoing concerns about demand stemming from weak economic data from China.
Russia-Ukraine crisis: Brent crude reaches 13-year high of $139, drops later, says report
Mar 08, 2022, at 07:03 am
Oil prices levels since 2008 on Monday amid fears of market supply disruptions as the United States and European allies are considering a ban on Russian oil imports and hopes of the return of Iranian crude diminished, media reports said.