You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Why India is not worried of oil cartel

DNMUM418004 | 7/12/2018 | Author : Edit | WC :227 | Opinion & Viewpoint


Gone are the days when the global crude oil cartel could threaten big customers like India with price spurts. Trying to reduce dependence on crude requirement and steadily moving to electric vehicles (EV), India can now afford to issue a warning to the Organization of the Petroleum Exporting Countries (Opec), an inter-governmental organisation of 15 nations, that if they do not reduce prices, Indian consumers will scout for cost-effective alternatives such as electric vehicles and reduce consumption.
Of late, a near failure of India’s deep-sea drilling and exploration had led to a spike in its crude import. In 2017, it imported around 1.6 billion barrels of oil, about 80% of its requirement, mostly from Opec countries. Bloomberg
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


‘Not happy with haircuts but need resolutions’
DNMUM418723 | 7/23/2018 12:00:00 AM | Author : Manju AB | WC :1269

Insolvency and Bankruptcy Code (IBC) has changed managements, consolidated assets in stronger groups, but sometimes, it came at a cost with steep discounts. Sale of Alok Industries was an example of how IBC failed to get a fair value for the bankers.
Add To LightboxCalculate Price

Why you should buy a critical illness cover
DNMUM418724 | 7/23/2018 12:00:00 AM | Author : Rishabh Parakh | WC :496

Indians are at an increasing risk from life-style related diseases. There are many who suffer from diseases like cardiovascular illness and cancer, and that too, at a young age. How can you protect yourself financially against these ailments? By hav
Add To LightboxCalculate Price

Donald Trump wants you to drink stocks SIP by SIP
DNMUM418725 | 7/23/2018 12:00:00 AM | Author : Vivek Kaul | WC :651

What we give to the sea. The sea gives back to us.
We were walking on the Marine Drive, trying to avoid the tonnes of rubbish that had come on to the promenade with the high tide.
But the city was looking very beautiful. The clouds were dark. A
Add To LightboxCalculate Price

Millennials want own home: Study
DNMUM418726 | 7/23/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :179

Mumbai: A study conducted by online financial services marketplace, Bankbazaar, shows wealth as the topmost priority for Indian millennials , followed by health and fame. Executed by Kantar IMRB, the BankBazaar Aspiration Index attempts to understan
Add To LightboxCalculate Price