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The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Govt seeks to reassure markets on deregulation of fuel prices

Shares in the companies fell more than 20 per cent to multi-year lows on Friday before recovering marginally.

7 Oct 2018 6:15 AM

Indias widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.

Foreign portfolio investors withdraw USD 2.4 bn on crude price

FPIs withdrew a net sum of Rs 5,552 crore from equities and another Rs 10,036 crore from the debt markets.

29 April 2018 6:29 AM

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Rupee slips 6 paise to 65.55 against US dollar

Rising crude prices on the back of widening trade deficit concerns continue to linger on the rupee, a dealer said.

17 April 2018 6:51 AM

In this June 1, 2018, photo, President Donald Trump walks to Marine One on the South Lawn of the White House in Washington, as he heads to Camp David for the weekend. Lawyers for President Donald Trump and Summer Zervos, a former Apprentice contestant who sued the president for saying her sexual misconduct claims were lies, are scheduled to be in court Tuesday, June 5, 2018, in New York. (AP Photo/Susan Walsh)

Investors exiting is no surprise

The exit by foreign investors was triggered by the double whammy of rising crude prices and uncertain future for global...

3 July 2018 6:39 PM

The source confirmed a report by a Washington Post columnist that the administration will terminate the sanctions waivers it had granted to some importers of Iranian oil late last year. (Representational Image)

Rising crude prices to adversely impact CAD, rupee, inflation: Report

A 10 pc spike in crude prices can result in a 0.40 pc widening of the CAD and also push up inflation by 0.24 pc.

24 April 2019 8:45 AM

Oil prices were mixed on Friday after big gains a day earlier when the International Energy Agency (IEA) predicted crude stockpiles. (AFP/PTI Photo)

Oil mixed as coronavirus risks offset hopes that crude stockpiles will...

Prices have been lifted by more signs that oil output is falling among OPEC and other major producers

15 May 2020 3:35 AM

A picture shows export oil pipelines at an oil facility in the Khark Island, on the shore of the Gulf. (AFP Photo)

Oil prices jump as US stockpiles grow less than expected

The official start of output cuts agreed between Organization of Petroleum Exporting Countries (OPEC) and other major...

1 May 2020 3:08 AM

Oil prices fell more than 1% in early trade on Thursday as a spike in new coronavirus cases. (AFP Photo)

Oil prices drop on demand worries as coronavirus cases rise

A rise in US crude stockpiles to a record high for a second week in a row also weighed on sentiment

18 Jun 2020 3:57 AM

OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July. (AFP Photo)

OPEC, Russia extend record oil cuts to end of July

OPEC+ also demanded countries such as Nigeria and Iraq to compensate with extra cuts in July to September

7 Jun 2020 3:14 AM

Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week. (AFP Photo)

Oil slips as traders eye supply cut easing at OPEC meeting

Oil prices have recovered sharply in April after OPEC+ cut output by a record 9.7 million barrels per day for three...

13 July 2020 3:32 AM

Crude prices fell on Friday as the resurgence of the coronavirus globally dimmed the prospects of fuel demand recovery. (AFP Photo)

Oil falls as growing coronavirus cases stoke fuel demand worries

Gasoline demand will be closely watched as US heads into its July 4 holiday weekend as many Americans are expected to...

3 July 2020 3:47 AM

FDI equity inflow in manufacturing sector grew by 31 per cent to USD 4.19 billion during April-June this fiscal.

FPIs net outflow at USD 4 billion in May

Foreign investors have pulled out a massive USD 4 billion (over Rs 26,700 crore) from capital markets so far this month.

27 May 2018 6:28 AM