Energy Prices

But the world is moving towards peace, which is a big positive for the energy markets, Puri said on the sidelines of India Energy Week 2025.

The UAE holds an annual oil and gas conference just ahead of hosting UN COP28 climate talks in Dubai

The Emirati president-designate of UN COP28 urged oil and gas firms to play a key role in addressing climate change while increasing production amid higher energy prices.

Oil giant Saudi Aramco makes a historic $161 billion profit in 2022

The monster profit by the firm, known formally as the Saudi Arabian Oil Co., came off the back of energy prices rising after Russia launched its war on Ukraine in February 2022, with sanctions limiting the sale of Moscow's oil and natural gas in Western markets.

Shell CEO pay up 50% as soaring energy prices boosted profit

London-based Shell paid Ben van Beurden a total of 9.7 million pounds (USD 11.5 million) in 2022 as annual company profits doubled to an all-time high of USD 40 billion because Russia’s war in Ukraine sent oil and gas prices soaring.

UK supermarkets impose purchase limit on fruits and vegetables amid shortage

The shortage has been linked with bad weather in southern Europe and Africa as well as high energy prices restricting greenhouse farming in the UK and the Netherlands

Czech energy price caps to cost up to $8.8 billion

The government this month approved a measure capping electricity and gas prices for large firms at the same level as prices for households and small firms that are already in place.

Forget energy, Russia's latest action can trigger a food crisis

Russia's threat to stop the export of Ukraine's agricultural products could have serious consequences  

Aluminium sector: Facing a double whammy

September quarter results for aluminium majors likely to be impacted by lower prices, higher energy costs

UK government to cap domestic energy prices, announces PM Liz Truss

Truss told lawmakers in Parliament that the two-year “energy price guarantee” means average household bills will be no more than 2,500 pounds ($2,872) a year for heating and electricity

Explained | How Europe could cap surging energy prices

The idea of capping gas or power prices has long had support from Spain, Belgium, and others, and now from initially reluctant countries like Austria and Germany. France is among the states in favour of action to separate gas and electricity prices.

Economic thinking is at a crucial inflection point

The market-friendly governing philosophy that triumphed in the 1980s is on the defensive

'Stagflation' risk: World Bank dims outlook for global economy amid Russia war

The Washington-based lender reduced its estimate for global growth this year to 2.9% from a January prediction of 4.1%

World faces biggest energy shock since 1970s: World Bank

Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are likely to remain at "historically high" levels through 2024, endangering economic growth, the World Bank warned on Tuesday.

US President Joe Biden taps oil reserve for 6 months to control gas prices

The White House says Biden will also call on Congress to impose financial penalties on oil and gas companies that lease public lands but aren't producing energy.

Japan January core CPI flat, keeps BOJ under pressure

While falling fuel costs may be a boon for corporate profits, low energy prices suppress inflation which in turn may discourage companies from raising wages or the prices of their goods.

Economy still 'strong,' 'gradual' rate hikes likely: Fed

Economic fundamentals remain strong despite the recent tumult in financial markets that has led to rising expectations of a recession, Cleveland Fed President Loretta Mester said Friday.

Right time for Indian oil companies to invest in Canada: CIF

Canada, a leading oil producer, has been grappling with falling crude prices and reduced investment in energy sector and it is the right time for Indian companies to go for joint ventures there in a major way, says Canada-India Foundation (CIF).

El Nino's gonna cost the world economy billions of dollars

"The impact is likely to be high, affecting energy, food and water in many parts of Asia," Ancha Srinivasan, principal climate change specialist at the Asian Development Bank told CNBC's The Rundown.

NITI Aayog to bring integrated energy policy: Panagariya

In 2013-14, the Planning Commission had undertaken a major exercise that led to the creation of India Energy Security Scenarios (IESS) 2047, with an eye on assessing and predicting India's energy needs, domestic supplies and imports. IESS 2047 was launched in February last year.

Nifty likely to open flat; Hero Moto may be in focus

Asian stocks stumbled early on Monday as weaker energy prices and fresh manufacturing data out of China sapped risk appetite.

US GDP a dud but gives Fed inflation glimmer it needs

Second-quarter GDP grew at a 2.3 percent pace, lower than the 2.5 percent or even more expected by economists. But some traders quickly focused on the 1.8 percent quarter-to-quarter gain in the core PCE deflator, the Fed's preferred inflation gauge.

US Fed expected to push ahead with rate hike plan

The US central bank is scheduled to issue its latest policy statement at 2 p.m. EDT (1800 GMT) following a two-day meeting, spelling out how policymakers feel the economy has progressed since they last met in June.

Welspun reports Q1 net profit at Rs 16 crore

The flagship firm of the USD 3-billion Welspun Group said the return to profitability was due to 35 percent increase in revenue at Rs 1,944.1 crore as the company reopened its US mill during the quarter while in the year-ago period it was on a maintenance shutdown.

Not yet: Fed holds rate at zero, no hint for hike

The FOMC indicated after its March meeting that a rate hike in April was unlikely. The US central bank has kept its key funds rate anchored near zero since late 2008, amid the financial crisis.

India's GDP growth rate to reach 8% by 2017: World Bank

Given India's weight in regional Gross Domestic Product, the projections reflect to a large extent India's expected growth acceleration, driven by business-oriented reforms and improved investor sentiment.