Crude Oil

Showing of 41 - 60 from 480 results
Crude Oil - Total results - 480
Airline, oil marketing stocks fall as crude prices surge; SpiceJet down 4.9%, IndiGo 4.7%
Business

Airline, oil marketing stocks fall as crude prices surge; SpiceJet down 4.9%, IndiGo 4.7%

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

RBI expects rupee to hover around 75/dollar; Indian crude basket to average $35 per barrel in FY21
Business

RBI expects rupee to hover around 75/dollar; Indian crude basket to average $35 per barrel in FY21

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 climb 1% on safe-haven demand, markets eye crucial meeting of top oil producers
Business

Gold prices climb 1% on safe-haven demand, markets eye crucial meeting of top oil producers

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

India to use low priced oil from Saudi Arabia, UAE and Iraq to fill strategic reserves
Business

India to use low priced oil from Saudi Arabia, UAE and Iraq to fill strategic reserves

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

Coronavirus Outbreak: Oil prices jump on hopes of OPEC, Russia meeting tomorrow on output cuts
Business

Coronavirus Outbreak: Oil prices jump on hopes of OPEC, Russia meeting tomorrow on output cuts

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
Business

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
Business

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

Oil futures pare record gains as doubts creep in on Donald Trump's Saudi-Russia output deal
Business

Oil futures pare record gains as doubts creep in on Donald Trump's Saudi-Russia output deal

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
Business

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
Business

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

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait
Business

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait

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
Business

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
Business

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.

Rupee rises 56 paise to 74.60 in early trade; tracks positive opening in domestic equities
Business

Rupee rises 56 paise to 74.60 in early trade; tracks positive opening in domestic equities

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 in February dips 6.4% to 2.39 million tonnes on lower private sector output
Business

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output

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
Business

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
Business

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.

Rupee recovers 34 paise to 74.78 in early trade on dollar selling by exporters
Business

Rupee recovers 34 paise to 74.78 in early trade on dollar selling by exporters

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 tumbles 11% in March as coronavirus outbreak hits aviation, transport sectors
Business

India's fuel demand tumbles 11% in March as coronavirus outbreak hits aviation, transport sectors

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

Reliance Industries shares continue to fall for fourth trading session in row; further tank 8%
Business

Reliance Industries shares continue to fall for fourth trading session in row; further tank 8%

Shares of Reliance Industries continued to trade with losses for the fourth consecutive trading session on Thursday, falling further by nearly 8 percent