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Crude Oil Prices Influence: Stock markets likely to stay volatile this week amid US-Iran tensions, crude oil concerns

Indian equity markets are expected to remain volatile this week as investors closely track geopolitical developments surrounding the ongoing US-Iran tensions, movement in crude oil prices, foreign investor activity and key inflation data, according to market analysts.Analysts quoted by news agency PTI said the conflict in the Middle East and fluctuations in Brent crude prices…

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Fuel Price Hike: ‘Fuel price hike inevitable’: State-run oil firms lose over Rs 1 lakh crore in 10 weeks amid Middle East crisis

State-owned oil marketing companies (OMCs) have incurred losses of more than Rs 1 lakh crore over the past 10 weeks as they continued to shield Indian consumers from soaring global fuel prices triggered by the ongoing Middle East conflictThe three state-run fuel retailers, Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited,…

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Middle East turmoil to keep oil prices elevated for years, dent India’s GDP growth: ADB chief economist

Prolonged tensions in the Middle East are expected to keep crude oil prices elevated well into the coming years, according to Asian Development Bank Chief Economist Albert Park, who warned that the fallout could weigh on India’s growth and push up inflation.“With a higher oil price expectation, we actually have it as USD 96 per…

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