• World
More

    Global oil prices jump 4% after US airstrike kills top Iranian general

    Must Read

    Covid 19 cases reached 25083 in Vadodara after 52 new cases on Monday

    The number of positive cases in Vadodara reached 25083 after 52 cases registered in last 24 hours. Total...

    Felicitation of the Queens of Ward Wizard

    Today the world is celebrating the  achievements of women in different areas and also marks their importance...

    6-year-old child dies in house fire in Vadodara’s Tarsawa village

    A fire broke out in a house in Tarsava village in Waghodia taluka this afternoon where a...

    Global oil prices jumped over 4% on Friday after a US airstrike ordered by President Donald Trump killed a top Iranian general in Iraq.

    The sharp jump followed the attack over fears of conflict between two of the world’s largest oil producing nations.

    Global benchmark, Brent, was trading 3.20% higher at $68.37 a barrel during the early hours on Friday. The Brent had surged as much as 4.4% earlier while the WTI also gained over 4% to 63.84.

    Domestic oil prices are already on the rise in India. Besides, Indian imports over 80% of its oil requirement.

    Iraq is the largest crude supplier to India. The Basra crude is regarded as one of the best in terms of quality and ideally suited for Indian refineries.

    According to data sourced from the Directorate General of Commercial Intelligence and Statistics, Iraq sold 46.61 million tonnes of crude oil to India during April 2018 and March 2019.

    This was 2 per cent more than 45.74 million tonnes it had supplied in 2017-18 fiscal, making it the top supplier for the second year in a row.

    India provisionally imported 207.3 million tonnes of crude oil in 2018-19, down from 220.4 million tonnes in the previous financial year.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest News

    Contribution of Social Forestry Department Vadodara in women empowerment

    Give supplementary employment to women of Vadodara and Chhotaudepur district through seedlings The...

    Felicitation of the Queens of Ward Wizard

    Today the world is celebrating the  achievements of women in different areas and also marks their importance everywhere. To give them a...

    6-year-old child dies in house fire in Vadodara’s Tarsawa village

    A fire broke out in a house in Tarsava village in Waghodia taluka this afternoon where a child died due to burn...

    Contribution of Social Forestry Department Vadodara in women empowerment

    Give supplementary employment to women of Vadodara and Chhotaudepur district through seedlings The skills of upbringing as a...

    Budget session of parliament may conclude before Holi

    The second part of the Budget session of Parliament is likely to be curtailed and be concluded before Holi, sources said on...

    More Articles Like This

    - Advertisement -