Crude Oil Price Today: There may be news of relief for India in the coming days. Common people can get relief from inflation. Moody's Analytics has said that there may be a big fall in the prices of crude oil. This has been said in the report released regarding the Asia Pacific.
Moody's said in its report that due to the war between Russia and Ukraine, the price of crude oil went up to $ 120 a barrel, which has now fallen to $ 100 a barrel. And this trend may continue. According to Moody, by the end of 2024, the price of crude oil can come down to 70 barrels per barrel.
Earlier in July, Citigroup had also predicted a big fall in crude oil prices. Citigroup had said that, by the end of 2022, the price of crude oil could slip to $ 65 per barrel. So by the end of 2023, the price can come down to $ 45 per barrel. That is, at present, crude oil is trading around $ 95 per barrel.
Anyway, if we look at the history of crude oil prices, when there has been a crisis in the global economy, there has been a big fall in the prices of crude oil. During the recession in 2008, crude oil slipped from $ 149 a barrel to $ 35 a barrel. So during the Korana epidemic (Covid-19 Pandemic), due to the worldwide lockdown, the price of crude oil had fallen to $ 20 per barrel. Due to the economic crisis and recession on Tuesday, the price of crude oil in America has come close to $ 90 per barrel.
However, if there is a fall in the prices of crude oil, then the best news will be for India. India imports 80 percent of its crude oil consumption. It has to spend a major part of its foreign exchange reserves on the import of crude oil. With the fall in the prices of crude oil, where cheap petrol and diesel will be available to the common people. Foreign exchange reserves will be saved, and the fiscal deficit of the government will be reduced.
Also Read: Inflation in India: Inflation hit, food prices increase drastically in one year
Kajol: 'Audience will hate my character in the series, said Kajol on playing the role of a lawyer in 'The Trial'
After impressing the world with her power-packed performances in films, Kajol is all set to foray into the web space with 'The Trial: Pyaar, Kanoon, Dhoka'. Kajol will play the role of a lawyer in the
Corona Pandemic: More than 1.5 million TB patients from 45 countries did not get treatment amid the pandemic, the study revealed
After the knock of the corona epidemic in the year 2020, TB patients suffered a lot due to the lockdown in the country. Due to this, more than 1.5 million TB patients from 45 countries have not
Coronavirus in China: High-speed rail service between Hong Kong and China started after three years of Covid restrictions
Coronavirus in China: The increasing cases of coronavirus in China have destroyed the lives of people. High-speed rail services between Hong Kong and China have resumed after three years, despite a
iPhone 15 Pro Max: Leaks of the camera and display of the iPhone 15 Pro Max will disappoint users! Will not get these big upgrades
Since the beginning of the year, talks have started about Apple's upcoming line-up, the iPhone 15 series, which is set to arrive in September this year. Earlier speculation about the top-end variant
Coronavirus: The speed of Covid increased again in the country, with 2151 new cases in 24 hours; Highest number of cases in five months
Corona infection has once again gained momentum across the country. For the last few days, there is a continuous increase in the cases of the corona. Now once again the coronavirus has started to
Salman Khan Home Firing: Big revelation in Salman's home firing case, police searched many bank accounts; This thing came to light
The investigation has started into the accounts of people associated with Vicky Gupta and Sagar Pal, residents of Masahi village of Gaunaha police station, who opened fire at the house of actor Salman
Increase in electricity rate in Sri Lanka by 264%: Regulator gave permission, said - change is necessary to make up for the deficit
Tariffs will be increased by 264% for people who consume less electricity in Sri Lanka. Whereas for people who consume more, this rate will be less. The Ceylon Electricity Board (CEB) said the tariff
Weather Update Today: Pink cold knock in Delhi, chances of rain in these states, read- IMD's prediction
Barring some states of the country, the rainy season seems to be stopping. The rains in October have brought the onset of winter ahead of time. Light fog appeared in Delhi-NCR on Friday and people
Indian Army is firmly standing at a height of 17 thousand feet in Arunachal Pradesh, China's attempt is failing
Defense Minister Rajnath Singh held a high-level meeting with the NSA, the Army Chief, and the CDS following the skirmish between the Indian Army and the Chinese Army at a 17,000 feet peak in
Delhi Liquor Scam... Kejriwal may also be interrogated by CBI-ED: Manish Sisodia came on the radar after changing many handsets and SIMs, the computer sent him to jail
Delhi Chief Minister Arvind Kejriwal may consider the excise policy scam as a fraud, but the way the CBI team probing the case is collecting digital and forensic evidence may increase the trouble for