Explained: why the rupee is stuck near 95 to the dollar, and what it means for you
Costly oil, a strong dollar and foreign selling have kept the currency near record lows for months. Here is what is driving it — and who gains and who loses.
All our coverage tagged “Oil”.
Costly oil, a strong dollar and foreign selling have kept the currency near record lows for months. Here is what is driving it — and who gains and who loses.
Brent slipped to about $114 on Thursday morning after a reported US letter to Tehran. Diplomats say a Qatari proposal trading nuclear steps for sanctions relief awaits Iran’s answer.
Eight months after US and Israeli strikes began, a ceasefire has collapsed, the Strait of Hormuz is still under attack and diplomats are testing a Qatari plan.
The oil minister says purchases are driven by discounts and pricing, as Brent trades above $110.
A quick guide to oil benchmarks, the “risk premium”, and why a missile in Saudi Arabia can raise prices at an Indian petrol pump.
The global benchmark settled at $113.17 a barrel on 22 October, up 4% in a day, as fighting between Saudi Arabia and the Houthis intensified.