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Weak rupee negates benefit of falling global oil prices

Last Updated: Wednesday, June 06, 2012, 14:07

India is not able to get the benefit of drop in global crude oil prices due to depreciating rupee, industry body Assocham has said.

Brent crude dips below $100 per barrel on weak US jobs report

Last Updated: Saturday, June 02, 2012, 09:49

Crude prices tumbled on Friday as weak US jobs report for May, weak manufacturing data from China, and a spiralling eurozone debt crisis deepened worries about global economic growth.

India cannot afford import of large quantities of crude oil: FM

Last Updated: Wednesday, May 16, 2012, 22:05

Amid rising global crude oil prices, Finance Minister Pranab Mukherjee on Wednesday warned of "disastrous consequences" if corrective steps are not taken to deal with the problem as India cannot afford import of large quantities at high prices.

US crude falls to 5-month low near $94/barrel

Last Updated: Tuesday, May 15, 2012, 10:47

Oil for June delivery was down 44 cents to USD 94.34 a barrel, the lowest since December on the New York Mercantile Exchange.

Oil drops to near $102 ahead of Iran nuclear talks

Last Updated: Monday, April 09, 2012, 11:17

Oil prices fell to near USD 102 a barrel Monday in Asia amid hopes international talks this week may help avoid military action over Iran's nuclear program.

Govt to take some difficult decisions in coming months: FM

Last Updated: Saturday, March 24, 2012, 15:24

Amid concerns over rising crude oil prices, Finance Minister Pranab Mukherjee on Saturday said the government would take and implement "some difficult decisions" in the coming months.

Iran supply disruption may push crude oil prices by 30%: IMF

Last Updated: Tuesday, March 20, 2012, 20:01

IMF chief Christine Lagarde Tuesday cautioned that supply disruptions from Iran could push global crude prices by up to 30 percent, at a time when the price is hovering at USD 125 a barrel.

Rising oil prices threat to global growth: IMF

Last Updated: Sunday, March 18, 2012, 20:27

Describing rising price of oil a threat to global growth, IMF chief Christine Lagarde on Sunday called upon emerging economies to "invest in reforms" to attain higher growth.

Oil lower in Asian trade

Last Updated: Wednesday, March 14, 2012, 10:14

Oil prices slipped in Asian trade on Wednesday as investors took profits from recent gains, although upbeat economic data and Middle East tensions provided some support, analysts said.

Oil prices retreat in Asia after overnight surge

Last Updated: Friday, March 02, 2012, 09:01

Oil prices retreated in Asian trade, Friday as dealers took profits from overnight gains driven by rumours of a supply disruption in Saudi Arabia, analysts said.

Rising crude oil prices 'disturbing', says Pranab

Last Updated: Tuesday, February 28, 2012, 15:33

Describing the surge in crude oil prices a 'disturbing trend', Finance Minister Pranab Mukherjee, Tuesday said it is too early to say what its impact will be on the economy.

Asian markets ease as focus moves to growth, oil prices

Last Updated: Thursday, February 23, 2012, 10:32

Asian shares and the euro fell on Thursday on concerns about global growth driven by higher oil prices and data showing the eurozone may slip into recession, fanning fresh worries about Greece's debt restructuring challenges.