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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Last Updated: Tuesday, January 31, 2012, 09:39
Oil rose in Asia today as traders reacted to better than expected economic data from Japan, analysts said.
Last Updated: Wednesday, January 18, 2012, 15:29
Power producers wanted priority allocation of natural gas to meet energy deficit in the country.
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