Spike in crude oil price, FII outflows spook markets

Equity benchmark Sensex cracked over 1,000 points to dive below the 77,000 level on Monday, tracking heavy selling in global equities and a spike in international crude prices. Illustration:......

Govt may use reserve oil funds to finance fertiliser subsidy gap

For the first time, the government is likely to dip into the Oil Industry Development Fund (OIDF) to finance part of its fertiliser subsidy programme for 2025-26, according to official sources.......

Crude oil may slip to low $60s by 2025-end

Crude oil prices could dip to the low $60s by the end of 2025 after rising to $80 a barrel in the last quarter (October–December) of 2024 — up nearly 10 per cent from current levels,......

India imports euro 49 bn worth of Russian oil in 3rd year of Ukraine invasion

India, the world's third largest oil consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow's invasion of Ukraine, a global think tank said.......