Tue, 21-Oct-2025

Indian oil stocks decline after New Delhi announces a hike in fuel export taxes

New Delhi

Indian oil shares fall after New Delhi announces a rise in the export tax on fuel.  Shares of Reliance Industries, owned by Asia’s richest man Mukesh Ambani, fell as high as 8.7% in response to the news.  Oil & Natural Gas Corporation, another major refiner, plunged as much as 10%. Reliance Industries, one of the … Read more

Oil Prices Grow as world economies recover from COVID-19

Oil

Oil prices grew on the third day of the business week, after world economies witnessed recoveries from the COVID-19 impact. Media reports said that; Brent, the global benchmark, reached $44 a barrel at one stage in European trading. This is the highest level of oil prices since early March — as more countries lifted lockdown … Read more