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Indian state oil refiners eye modest fuel price hike as losses mountIndian state refiners anticipate a small rise in fuel prices soon. This move aims to balance losses from the ongoing Persian Gulf war and c...- Russia's oil export ban may bolster India crude importsThe West, which insists on a strict price cap on supplies from Moscow, has already imposed a ban on the bulk of Russian crude exports. Some...
- Crude rallies as surpluses shrinkCrude this month has been touching levels last seen more than three years ago.
- Oil Options the cheapest in 3 years with Opec meet approachingVolatility has been sinking as futures move steadily higher, with prices reaching $59 a barrel for the first time in more than two years.
- HPCL Q2 profit more than doubles to Rs 1,735 crore YoYTotal income of the company increased by 13.41 per cent YoY to Rs 54,855.19 crore.
- World’s biggest IPO may be the real reason behind Saudi Arabia agreeing to Opec dealThe slump in oil prices had threatened the country’s big plan; privatising what could become the world’s biggest publicly traded oil compan...
- 'Doha or no Doha' oil market turning, will rebalance by 2017 -BadriThe oil market will begin rebalancing by the third quarter of this year and will turn positive by 2017 . 'Doha or no Doha, we see that the ...
- Be selective and opt for bottom fishing irrespective of market: Medha Samant, Fidelity InternationalLower oil prices just mean that it is positive for certain economies in Asia, especially those, which are oil importers
- Oil to drift lower over next few weeks: Nick Parsons, National Australia BankIt seems likely that supply-demand imbalance is probably going to weigh down on the market
- Volatility in crude prices to rise in runup to Doha output review meetOptimism that major producers will strike an output freeze deal next month amid rising gasoline demand in the US will keep investors on the...
- ITC is the only budget trade I will call negative: Pankaj Sharma, Equirus Securities"Given the geopolitical situation -- especially the role of Iran and Saudi Arabia -- it would be difficult for oil to stabilise"
- Earnings momentum should be back in next few quarters: Prateek Agarwal, ASK Investment Managers"We should be able to see a decent growth in capex spend if the oil bonanza continues"
- Oil likely to be in $40-$60 range: Roberto Aguilera, Curtin University"My range is something between $40 and $60 a barrel because supply has exceeded expectations and will continue to do so"
- BHEL's largest oil-fired thermal power plant in overseas market launched in SudanSignificantly, this is BHEL's largest oil-fired thermal power plant in overseas market and also its first crude-oil fired thermal power pla...
- Oil cos to benefit from low rates, price deregulation: FitchFitch Ratings today said low oil rates and price deregulation in the country's oil and gas sector will have a positive impact on the rated ...
- Crude oil futures down 1.23% on weak Asian cuesAt the Multi Commodity Exchange, crude oil for delivery in September shed Rs 35, or 1.23 per cent, to Rs 2,802 per barrel.
- Crude palm oil falls on profit-bookingAt the Multi Commodity Exchange, crude palm oil for delivery in August traded lower by Rs 2.60, or 0.64 per cent, to Rs 399 per 10 kg.
- Crude oil futures fall to Rs 3,235 a barrelCrude oil futures fell by Rs 19 to Rs 3,235 per barrel on Tuesday as speculators reduced positions on profit-taking amid a weakening trend ...
- Gold falls most in four weeks as oil, inflation concerns EbbGold fell $ 11.50 or 0.7 per cent, to $ 1,531.20 on the Comex. A close at that price would be the biggest decline since May 13.
- Trade deficit grows in January as imports hit record highsThe US trade deficit grew larger in January as imports, including crude-oil prices, zoomed to all-time highs.
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