Brent Crude

Brent Crude News

Sensex falls 70 points in early trade; Nifty tests 17,000 amid positive trend in Asian markets
Business

Sensex falls 70 points in early trade; Nifty tests 17,000 amid positive trend in Asian markets

The 30-share BSE benchmark fell 69.26 points to 58,067.10 in early trade. The broader NSE Nifty slipped 37.45 points to 17,308. International oil benchmark Brent Crude dipped 0.30 percent

Inflationary surge is a global phenomenon today, but Modi’s India has done much better than others
Business

Inflationary surge is a global phenomenon today, but Modi’s India has done much better than others

The BJP government has repaired and reinvigorated the Indian economy, with Prime Minister Narendra Modi taking the lead in combining the best of both — welfarism and unrelenting reforms

Prices of Brent crude oil surge over $10, shares sink as Ukraine-Russia conflict deepens
World

Prices of Brent crude oil surge over $10, shares sink as Ukraine-Russia conflict deepens

Amid mounting calls for harsher sanctions against Russia, price of oil jumped more than $10 a barrel and markets have swung worldwide today

Stock markets to witness volatility with domestic factors driving sentiment this week, say analysts
Business

Stock markets to witness volatility with domestic factors driving sentiment this week, say analysts

Also movement of the rupee, Brent crude and foreign institutional investors (FIIs) would be keenly watched by investors

Why Opposition’s claims on oil price rise are nothing but crude propaganda
World

Why Opposition’s claims on oil price rise are nothing but crude propaganda

Fuel prices have risen not only in India, but elsewhere too. Even if one ignores it, the fact is that state government taxes account for 41.67 per cent of the final petrol price

Oil prices surge after attack on storage site in Saudi Arabia; Brent crude crosses $70
World

Oil prices surge after attack on storage site in Saudi Arabia; Brent crude crosses $70

The Saudi Press Agency quoted an anonymous official in the Ministry of Energy as saying that a drone struck an oil storage site in Ras Tunura. The strike did not cause any damage, it claimed.

Oil prices crawl higher ahead of OPEC Plus meeting on extended output cuts; Brent, WTI prices still down 40%
Business

Oil prices crawl higher ahead of OPEC Plus meeting on extended output cuts; Brent, WTI prices still down 40%

Brent has doubled over the past six weeks, thanks to supply cuts by the Organization of the Petroleum Exporting Countries and allies, including Russia, a grouping dubbed OPEC+.

Oil prices hold ground ahead of OPEC Plus meeting on extended output cuts; rates still down about 40% for year so far
Business

Oil prices hold ground ahead of OPEC Plus meeting on extended output cuts; rates still down about 40% for year so far

OPEC+ producers are considering extending their production cut of 9.7 million barrels per day (bpd), or about 10 percent of global output, into July or August, at an online meeting likely on 4 June,

Oil prices slip as wary traders eye upcoming OPEC Plus meeting, to discuss extending record production cuts beyond June-end
Business

Oil prices slip as wary traders eye upcoming OPEC Plus meeting, to discuss extending record production cuts beyond June-end

The price falls in oil come after front-month Brent and WTI prices posted their strongest monthly gains in years in May

Oil prices edge lower as US fuel demand remains weak; worsening US-China tension weigh on financial markets
Business

Oil prices edge lower as US fuel demand remains weak; worsening US-China tension weigh on financial markets

Oil prices edged lower on Friday after US inventory data showed lacklustre fuel demand in the world’s largest oil consumer

Sensex jumps over 200 points, NSE above 9,390-level in opening trade; RIL, ICICI Bank, HDFC among early gainers
Business

Sensex jumps over 200 points, NSE above 9,390-level in opening trade; RIL, ICICI Bank, HDFC among early gainers

ONGC was the top gainer in the Sensex pack, rising around 3 percent, followed by Tata Steel, L&T, HDFC Bank, ICICI Bank, IndusInd Bank and Axis Bank. On the other hand, M&M, ITC, Infosys, Bajaj Auto, TCS and HCL Tech were among the laggards

Oil prices gain for fourth day on signs of output cuts, better demand; Brent crude up 0.7% to $35 per barrel
Business

Oil prices gain for fourth day on signs of output cuts, better demand; Brent crude up 0.7% to $35 per barrel

Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the coronavirus pandemic

Stock Market Latest Updates: Benchmark indices erase losses, Sensex, Nifty close marginally lower; auto, bank stocks decline
Business

Stock Market Latest Updates: Benchmark indices erase losses, Sensex, Nifty close marginally lower; auto, bank stocks decline

Stock Market Latest Updates: Benchmark indices erase losses, Sensex, Nifty close marginally lower; auto, bank stocks decline

Crude prices mixed after big gains as coronavirus risks offset hopes stockpiles will shrink
Business

Crude prices mixed after big gains as coronavirus risks offset hopes stockpiles will shrink

Brent crude was up 1 cent at $31.13 a barrel by 0115 GMT, after rising nearly 7 percent on Thursday.

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers
Business

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers

Oil prices fall as fears of second coronavirus wave take hold, US stockpiles rise
Business

Oil prices fall as fears of second coronavirus wave take hold, US stockpiles rise

Oil prices fell on Wednesday on concerns about a possible second wave of coronavirus cases in countries easing lockdowns, which could prompt renewed movement restrictions, while industry data showed US crude inventories are still rising

Oil prices rise after Saudi Arabia pledge to deepen production cuts in June; Brent crude up 1.3%
Business

Oil prices rise after Saudi Arabia pledge to deepen production cuts in June; Brent crude up 1.3%

Oil prices rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain a supply glut built up during the coronavirus crisis

Saudi Arabia triples taxes on basic goods, cuts $26 bn in costs; coronavirus pandemic, low oil prices hit economy
Business

Saudi Arabia triples taxes on basic goods, cuts $26 bn in costs; coronavirus pandemic, low oil prices hit economy

Saudi Arabia's new measures are the most drastic yet by a major Gulf Arab oil producer since oil prices plunged by more than half in March, signalling that neighbouring countries may also seek to impose higher taxes on residents this year.

Oil prices fall 1% as persistent glut weighs on rates; demand plummets 30%, virus pandemic curtails movement
Business

Oil prices fall 1% as persistent glut weighs on rates; demand plummets 30%, virus pandemic curtails movement

The coronavirus pandemic has eroded global oil demand even as some governments began to ease lockdowns.

Chidambaram dubs imposition of taxes on fuel as 'cruel' in times of distress; says govt must borrow to meet deficits
Business

Chidambaram dubs imposition of taxes on fuel as 'cruel' in times of distress; says govt must borrow to meet deficits

Governments must borrow to meet their deficits and not impose higher tax burdens when economic activity has ground to a halt amid the coronavirus pandemic, senior Congress leader P Chidambaram said on Wednesday after the Centre and the Delhi government hiked taxes on petroleum products