CRUDE SHOCK

Prices for some of the world’s most vital commodities — natural gas, power and staple crops like wheat and soy — are climbing.

The surge in food and beverage prices has emerged as a key factor driving India's inflation in the fiscal year 2024, according to the Reserve Bank of India's (RBI) annual report. The report reveals that the contribution of the food and beverages cat...

The strikes reported around targets in Isfahan prompted a jump of more than 4% in crude to above $90 a barrel, before erasing that gain to trade lower on the day as Iranian media seemed to downplay the incident. While central bankers won’t have lost...

​So, all that we can expect in the coming hours is a lot of volatility. Well, the new fear premium that has crept into crude will more or less remain intact but expect even heightened volatility.

India's crude oil imports declined by 16% in the fiscal year ending March 31 due to lower global rates, but import dependency hit a new high at 87.7%. Despite stable domestic production at 29.4 million tonnes, India spent USD 132.4 billion on crude ...

Oil has rallied recently on escalating tensions in the Middle East and supply shocks, raising the prospect of the global benchmark reaching triple figures.

Oil prices surged above $90 a barrel due to military tensions between Israel and Iran, compounded by global supply shocks. Mexico cutting crude exports and other disruptions are intensifying fears of inflation. This supply crunch is turbocharging an...

Anand Tandon says we should be monitoring oil prices for potential energy cost increases and warns of pressure on equity markets. He further suggests smoother housing cycle uptake through housing finance and advises caution on Zomato's premium valua...

Oil prices leaped 4% on Friday, as oil tankers diverted course from the Red Sea following overnight air and sea strikes by the United States and Britain on Houthi targets in Yemen after attacks on shipping by the Iran-backed group.

India's first payment in rupees for oil bought from the UAE marked a step toward making the local currency more global. Officials noted this push but clarified that there are no specific goals. With over 85% oil dependency, India aims to buy afforda...

In a written reply in the Rajya Sabha, minister of state for finance Pankaj Chaudhary also said the government has been successfully adopting measures to mitigate global shocks on the domestic economy over the past three-four years.

The OPEC oil cartel, joined by Russia, aims to negotiate crude oil production cuts amid recent price declines. While U.S. drivers benefit from lower fuel costs, OPEC+ nations face economic strain as efforts to stabilise prices falter. Analysts fores...

Governor of the Reserve Bank of India (RBI), Shaktikanta Das, has said that periodic shocks to food prices continue to make headline inflation in India susceptible. The Monetary Policy Committee (MPC) maintained its 5.4% inflation estimate for this ...

Sugar Prices surged ahead of the festive season and wedding season. The government took various measures such as imposing restrictions on the sugar export in order to control rising sugar prices. During the festive season, the government is not expe...

Professional forecasters, essentially economists surveyed by the Reserve Bank in September 2023 expect headline CPI inflation to moderate from 6.6 per cent in September quarter to 5.5.

Crude traders don't expect a massive price surge as there's no immediate threat to supply. But all eyes are on Iran, a major oil producer and key backer of the Hamas group that launched this weekend's offensive on Israel.

In combination, the three macro-indicators could support already high inflation across many countries by making goods and fuel imports costlier, and disrupt capital flows across the globe, imposing more hardship on debt and current account-stressed ...

The battle between authoritarian states and democracies in the new Cold War is centered around petroleum as a weapon. However, higher oil prices caused by output cuts by Russia and Saudi Arabia may backfire on them. China, the largest source of addi...

In this highly interconnected environment, local financial shocks and events can be easily amplified and turned into global events.