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60% of imported edible oil is palm oil due to high damand
About 60% of the imported edible oil is palm oil. Because India is a big consumer of palm oil.
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India may release crude oil from strategic reserves
US has requested all major oil-consuming nations to consider release for stockpiles to bring global energy prices
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Spike in crude oil prices: What does it mean for India?
Because of the spike in crude prices, India's petrol and diesel prices have reached all-time highs.
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Inflation apparition for RBI
While RBI has to maintain the recovery in the economy, inflation itself could dampen demand and impact the growth process.
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Rising oil and gas prices escalate inflation worries
Experts have also pointed out the inflationary effects of higher power cost in China and Europe
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Brent is set to breach $80-mark soon
The current global supply-demand deficit is larger than expected and global supply remaining short of our consensus forecasts, says Goldman Sachs
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Crude oil prices at 3-year high inflames inflation fears
Experts see demand for domestic fuel soaring to record levels on the back of revenge spend on business and leisure travel
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Is it a good time to bet on OMCs?
Global energy markets are undergoing major shifts on the supply side as the energy transition accelerates.
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'Fuel prices up due to higher import cost of crude oil'
According to estimates, India imports over 80% of its oil needs and more than 50% of its gas requirement
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Global players may form consortium to bid for BPCL
Some global oil majors or Middle East producers may be teaming up with investment funds already in the race
