Airline and oil marketing stocks on Monday fell as crude oil prices surged after OPEC and its allies agreed to cut down on crude production
The rupee came under intensified and sustained depreciation pressures from mid-January, reflecting a generalised weakening of emerging market currencies amid flights to safety, RBI said.
Gold prices gained 1 percent on Thursday on safe-haven buying ahead of an extended weekend and a crucial meeting of top oil producers, with bullion also latching on to gains in wider markets amid hopes the coronavirus pandemic was close to peaking
Capitalising on low global oil prices, India will fill its underground strategic oil reserves with oil from Saudi Arabia, the UAE and Iraq as it shores up supplies to meet any supply or price disruption
Oil bounced back on Wednesday, with US crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic
ONGC sells June-loading Russian Sokol crude at record discount as demand for oil weakens sharply: Report
Last month, ONGC sold a Sokol crude cargo 22-28 May at a spot premium of around $3.20 a barrel to Dubai quotes.
Brent crude reverses losses incurred in early European trading; hopes for a huge global supply cut deal
Benchmark Brent crude oil futures reversed losses incurred during Asian hours in early European trading on Friday to rise above $30 a barrel, with hopes of a huge global supply cut deal to support prices still alive
Even with the huge gains on Thursday, prices still slumped nearly 60% this year as oil demand has plummeted due to coronavirus slashing demand even as Saudi Arabia and Russia said they would boost output in April.
ONGC to lose Rs 4,000 cr revenue as govt slashes gas prices by steep 26%; seeks freeing of price control
State-owned Oil and Natural Gas Corp (ONGC) will lose about Rs 4,000 crore in revenue and start making cash losses after the government slashed the natural gas prices by a steep 26 percent by benchmarking it against rates prevalent in gas-surplus nations
Coronavirus Outbreak: Asian stocks slip; crude looks set for further losses as global recession looms
Stocks on Wall Street fell more than 4 percent as the warning of a potentially massive death toll and growing evidence of a deep economic downturn reinforced expectations that corporate results will suffer in the first quarter and then turn sharply lower
India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown
Eight core sectors growth up 5.5% in February, highest in 11 months; coal, refinery products and electricity output up
Eight core sector industries recorded a growth of 5.5 percent in February, highest in 11-months, mainly due to healthy expansion in output of coal, refinery products and electricity, according to a government data released on Tuesday
Saudi Arabia plans to boost oil exports to 10.6 million bpd from May as domestic consumption declines
Saudi oil exports are expected to rise in April after Aramco cut its official selling prices to stimulate demand, but a sharp increase now appears less likely as demand plummets.
The Indian rupee appreciated by 56 paise to 74.60 against the US dollar in early trade on Friday tracking positive opening in domestic equities, as investors awaited positive cues from the Reserve Bank of India to tide through the coronavirus crisis
India's oil production fell 6.4 percent in February as a decline in output from fields operated by private firms negated a rise in production from ONGC fields
Oil jumps 5% to over $28 on Fed steps to support economy; Saudi Arabia plans to boost exports despite low demand
The expected stimulus pushed the US dollar lower against other currencies. A weaker dollar tends to support the price of oil and other dollar-denominated commodities.
Coronavirus, impact on economic activity to continue to dictate stock market trends this week: Analysts
The financial blow of the spread of coronavirus pandemic has made investors jittery world over.
The Indian rupee recovered 34 paise to trade at 74.78 against the US dollar in early deals on Friday following dollar selling by exporters
India's fuel demand has dropped by a steep 10-11 percent in the first two weeks of March as the outbreak of coronavirus (Covid-19) led to the cancellation of flights and a reduction in industrial activity
Shares of Reliance Industries continued to trade with losses for the fourth consecutive trading session on Thursday, falling further by nearly 8 percent