Petrol and diesel prices are expected to come down by Rs. 12 per litre starting April 16, 2025. This possible price cut is due to a major drop in global oil prices. Brent crude oil, which is a global benchmark for oil prices, has recently fallen from $74.95 to $60.12 per barrel. This big decline […]
Petrol Prices Expected to Decrease by Rs. 12 per Litre from April 16 Read More »
Despite Nigeria’s foreign exchange (FX) reserves still providing a buffer of more than 8.15 months of import cover, well above the International Monetary Fund’s (IMF) recommended minimum of three months, analysts at Coronation Asset Management have raised red flags over the sustainability of this position. In a newly released Economic and Financial Insight, the firm
Oil Price Volatility, FPI Concerns Threaten FX Outlook – Analysts Read More »
Wall Street was bracing for significant losses at the start of the week over US President Donald Trump ’s punishing tariffs on exports to the United States, as oil prices plummeted at the weekend even with countries seeking compromise. Trump has remained defiant since unleashing the blitz of tariffs on stunned nations around the world
Market panic mounts as world scrambles to temper Trump tariffs Read More »
Synopsis Oil prices have a low probability of falling below $60 per barrel, according to ONGC’s finance chief. Despite recent drops, ONGC is focusing on cost control to mitigate impacts, while high domestic gas prices may cushion the company’s profits if oil prices remain under $70 per barrel. ET Bureau Oil prices have a “very
Chances of oil going below $60 very low: ONGC Read More »
At the interbank foreign exchange, the Rupee opened at 85.07 against the greenback, then gained ground and touched 84.96, up 34 paise from its previous close. | Photo Credit: The Hindu Rupee appreciated 34 paise to 84.96 against the U.S. dollar in early trade on Friday (April 4, 2025), as the greenback’s broad-based weakness following
Rupee rises 34 paise to 84.96 against U.S. dollar in early trade Read More »
Oil drilling rigs Oil prices deepened their losses today, April 3, after OPEC+ surprised the markets by agreeing to boost supplies in May with an increase equivalent to three monthly increments from its previous output hike plan. This was compounded by fears of a global recession due to US President Donald Trump’s reciprocal tariffs. Brent
Oil drops over 5.5% after OPEC+ decision Read More »
South African motorists can expect some relief at the pumps ahead of the Easter break, with a significant drop in petrol price in April. The price of petrol is projected to decrease by almost R1 per litre, according to the latest estimates. For months, high fuel costs have strained the budgets of many South Africans,
Joy for motorists this Easter: Petrol price to drop by a large margin! Read More »
Oil drilling rigs Oil prices declined on Friday, as markets worried that the US trade war could spark a global recession, yet they marked their third consecutive weekly gain. Brent crude futures for May delivery settled 0.55%, or 40 cents, lower at $73.63 a barrel, but gained over 2% for the week. WTI crude futures
Brent crude settles lower, posts gains for third straight week Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Mar 28, 2025, 2:38 AM CDT Crude oil prices were on course for their third weekly rise as concern grew about supply after President Trump threatened 25% tariffs
Oil Prices Set to Extend Winning Streak on U.S. Sanction Action Read More »
By Irina Slav – Mar 27, 2025, 7:00 PM CDT Russia’s Central Bank warns of a period of lower oil prices. Rising U.S. and non-OPEC production could trigger lower crude prices: Prime Minister Mikhail Mishustin. Any talk of sanction lifting will pummel oil prices. Russia’s central bank issued a warning to the government that oil
Russia’s Central Bank Warns of Prolonged Oil Price Slump Read More »
