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Crude oil rises amid hopes of US-China trade deal and stable global supply

Oil prices rose on Monday as encouraging signs from trade talks between the United States and China improved market sentiment. Over the weekend, both sides reported progress in negotiations, helping ease concerns in global markets and fueling optimism that the two largest crude consumers are moving closer to resolving their long-running trade dispute. Brent crude futures increased by 43 cents, or 0.67%, reaching $64.34 per barrel in early Asian trading. At the same time, U.S. West

Global News

12 May 2025 03:04 AM 914 views

Crude oil rises amid hopes of US-China trade deal and stable global supply

Oil prices rose on Monday as encouraging signs from trade talks between the United States and China improved market sentiment. Over the weekend, both sides reported progress in negotiations, helping ease concerns in global markets and fueling optimism that the two largest crude consumers are moving closer to resolving their long-running trade dispute. Brent crude futures increased by 43 cents, or 0.67%, reaching $64.34 per barrel in early Asian trading. At the same time, U.S. West

Global News

Trump’s Economic Policies and Trade Stance Face Challenges, Experts Say

US President Donald Trump's economic policies are facing significant challenges, according to market experts like Ramesh Damani and Samir Arora. While Trump has made bold promises, including ramping up US oil production and taking a tough stance on trade with countries like China, the actual implementation of these policies is likely to be constrained by governance realities. Damani pointed out that Trump's ambitious goal of increasing US crude oil production by three millio

Finance & Economics

21 Jan 2025 03:03 AM 999 views

Trump’s Economic Policies and Trade Stance Face Challenges, Experts Say

US President Donald Trump's economic policies are facing significant challenges, according to market experts like Ramesh Damani and Samir Arora. While Trump has made bold promises, including ramping up US oil production and taking a tough stance on trade with countries like China, the actual implementation of these policies is likely to be constrained by governance realities. Damani pointed out that Trump's ambitious goal of increasing US crude oil production by three millio

Finance & Economics

Snack Prices Rise as Palm Oil and Potato Costs Soar

Snack prices are feeling the impact of rising palm oil and potato costs, pushing many packaged food products to become more expensive. While domestic supply issues have caused potato prices to spike, global disruptions and increased import duties have made palm oil—a key ingredient in many snacks—costlier. As of recent reports, palm oil prices have hit their highest in over two years, with an all-India average price of Rs 130.5 per kg. Snack manufacturers, including Bika

Finance & Economics

20 Dec 2024 09:08 AM 1.02k views

Snack Prices Rise as Palm Oil and Potato Costs Soar

Snack prices are feeling the impact of rising palm oil and potato costs, pushing many packaged food products to become more expensive. While domestic supply issues have caused potato prices to spike, global disruptions and increased import duties have made palm oil—a key ingredient in many snacks—costlier. As of recent reports, palm oil prices have hit their highest in over two years, with an all-India average price of Rs 130.5 per kg. Snack manufacturers, including Bika

Finance & Economics

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli

Business

12 Dec 2024 09:16 AM 1.07k views

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli

Business

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren

Business

04 Dec 2024 08:23 AM 1.35k views

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren

Business

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

Finance & Economics

28 Nov 2024 08:23 AM 1.07k views

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

Finance & Economics

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

The Indian government is set to review the windfall tax on crude oil after recently reducing the tax to nil, as reported by Bloomberg News. Tarun Kapoor, advisor to the Prime Minister, confirmed that the oil ministry has requested the removal of the windfall tax on crude oil output during a press briefing at the World Biogas Associations' India Conference in New Delhi. Previously, the windfall tax was set at ₹1,850 per tonne as of September 17, but it was eliminated effective

Finance & Economics

23 Oct 2024 07:42 AM 1k views

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

The Indian government is set to review the windfall tax on crude oil after recently reducing the tax to nil, as reported by Bloomberg News. Tarun Kapoor, advisor to the Prime Minister, confirmed that the oil ministry has requested the removal of the windfall tax on crude oil output during a press briefing at the World Biogas Associations' India Conference in New Delhi. Previously, the windfall tax was set at ₹1,850 per tonne as of September 17, but it was eliminated effective

Finance & Economics

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#crude-oil

Crude oil rises amid hopes of US-China trade deal and stable global supply

Crude oil rises amid hopes of US-China trade deal and stable global supply

Trump’s Economic Policies and Trade Stance Face Challenges, Experts Say

Trump’s Economic Policies and Trade Stance Face Challenges, Experts Say

Snack Prices Rise as Palm Oil and Potato Costs Soar

Snack Prices Rise as Palm Oil and Potato Costs Soar

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

CHP Dublin To Host Safety And Recruitment Fair With Mobile Command Center

Pawan Kalyan shares heartfelt letter from a fan

Downtown Dallas high-rise declared uninhabitable after flooding and electrical damage

Pakistan Hockey Team Allowed for Asia Cup in India: Sources Confirm

Health Benefits of Rock Salt in Your Diet

Jaishankar meets Rubio in New York ahead of 80th UNGA session

IPL 2026: RCB vs SRH - Paying Tribute to Fans

Pakistan's Bid to Block India Delegation in Malaysia Fails

Top 6 Most Followed Telugu Politicians on Twitter: A Digital Era Snapshot

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CHP Dublin To Host Safety And Recruitment Fair With Mobile Command Center

Pawan Kalyan shares heartfelt letter from a fan

Downtown Dallas high-rise declared uninhabitable after flooding and electrical damage

Pakistan Hockey Team Allowed for Asia Cup in India: Sources Confirm

Health Benefits of Rock Salt in Your Diet

Jaishankar meets Rubio in New York ahead of 80th UNGA session

IPL 2026: RCB vs SRH - Paying Tribute to Fans

Pakistan's Bid to Block India Delegation in Malaysia Fails

Top 6 Most Followed Telugu Politicians on Twitter: A Digital Era Snapshot

Petrol Shortage League: PCB Mocked After Drastic PSL 2026 Changes Due to Fuel Crisis

#crude-oil

Crude oil rises amid hopes of US-China trade deal and stable global supply

Crude oil rises amid hopes of US-China trade deal and stable global supply

Trump’s Economic Policies and Trade Stance Face Challenges, Experts Say

Trump’s Economic Policies and Trade Stance Face Challenges, Experts Say

Snack Prices Rise as Palm Oil and Potato Costs Soar

Snack Prices Rise as Palm Oil and Potato Costs Soar

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

India Reviews Windfall Tax on Crude Oil Amid Global Price Volatility

CHP Dublin To Host Safety And Recruitment Fair With Mobile Command Center

Pawan Kalyan shares heartfelt letter from a fan

Downtown Dallas high-rise declared uninhabitable after flooding and electrical damage

Pakistan Hockey Team Allowed for Asia Cup in India: Sources Confirm

Health Benefits of Rock Salt in Your Diet

Jaishankar meets Rubio in New York ahead of 80th UNGA session

IPL 2026: RCB vs SRH - Paying Tribute to Fans

Pakistan's Bid to Block India Delegation in Malaysia Fails

Top 6 Most Followed Telugu Politicians on Twitter: A Digital Era Snapshot

Petrol Shortage League: PCB Mocked After Drastic PSL 2026 Changes Due to Fuel Crisis

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