Global oil prices fall to 2002 low; petrol, diesel rates unchanged in India

Intercontinental oil price ranges on Monday plunged to a seventeen-yr low but retail petrol and diesel price ranges in India remained on freeze as oil businesses ongoing to established off gains towards the excise duty hiked by the authorities.

Brent crude futures dropped to all around USD 23 for each barrel – the lowest due to the fact November 2002, while US crude briefly dipped below USD 20 as coronavirus lockdowns dried up demand from customers while the crude surplus ballooned.

Petrol and diesel price ranges in India, even so, remained on freeze for the 14th day in a row.

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Global Coronavirus Infections Exceed 270,000

The selection of confirmed coronavirus bacterial infections globally crossed 270,000 on Saturday and fatalities topped eleven,000, even as extra governments resorted to drastic steps to consist of the distribute.

President Donald Trump authorised a big disaster declaration for New York on Friday evening, unlocking federal funding and help for the state, which has the highest selection of bacterial infections in the nation. The selection came right after Gov. Andrew Cuomo requested all nonessential firms to close and urged residents to stay indoors to the finest…

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Global share rally grinds to a halt

three) Shareholder revolts on the rise as bosses fall short to heed warnings on pay back: A overall of 54 resolutions tabled on pay back by the 350 most significant organizations shown on the London Inventory Trade gained at the very least 20pc dissenting votes at shareholder meetings past calendar year.

4) Liberty Steel ideas €2bn investment spree as it goes green: The first vegetation to benefit from the 10-calendar year investing spree will be the seven distribute throughout Europe that Liberty obtained in a £620m purchase from ArcelorMittal past calendar year. The ideas were being revealed in an internal

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Global markets continue to slide on coronavirus fears

Well, that is all individuals, many thanks for subsequent together. Be a part of us again tomorrow for all the hottest news of what’s moving marketplaces. Here’s a rapid recap for nowadays…

European inventory marketplaces fell even more amid health problems on the spreading coronavirus and the its influence on the worldwide financial system. Extra fatalities and a surge in scenarios in Iran, Italy, Japan and South Korea has raised the risk of a pandemic. The FTSE one hundred index ended the day at its lowest closing stage in a yr.

What to seem ahead to tomorrow:

Interim success:

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