Page 25 - Brent Crude Oil
ONGC agrees to remove marketing margin, but refuses to lower gas price
Potential bidders however opposed the levy of the marketing margin as well as the "high" floor price
 "ONGC agrees to remove marketing margin, but refuses to lower gas price")
Oil drops towards $66 as India demand concerns weigh
Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States
 "Oil drops towards $66 as India demand concerns weigh")
India saved over Rs 30,000 cr despite rising petro product imports in FY21
Analyst expect trend to continue this fiscal
 "India saved over Rs 30,000 cr despite rising petro product imports in FY21")
Crude oil will climb above $70; energy security could reappear on the radar
Crude oil prices could shift higher again once the market shakes off the latest bout of coronavirus jitters
 "Crude oil will climb above $70; energy security could reappear on the radar")
India strongly pitches for easing cuts in crude oil production
Ministry of Petroleum and Natural Gas is reviewing closely the global crude supplies and price situation
 "India strongly pitches for easing cuts in crude oil production")
Oil rises on hopes of stable OPEC+ output, fears of long disruption at Suez
Brent oil rose 58 cents, or 0.9%, to $65.15 a barrel by 1048 GMT. U.S. crude was up 40 cents, or 0.7%, at $61.37 a barrel
 "Oil rises on hopes of stable OPEC+ output, fears of long disruption at Suez")
Inflation woes: Here's how experts have interpreted CPI, WPI numbers
Most experts say the numbers are worrisome and can dent the economic recovery going ahead. Here's how economists at leading brokerages and research houses have interpreted the numbers
 "Inflation woes: Here's how experts have interpreted CPI, WPI numbers")
Top headlines: Brent hops past $70; Tata Motors to hive off PV business
Business Standard brings you top news of the evening
 "Top headlines: Brent hops past $70; Tata Motors to hive off PV business")
Brent cracks $70 for 1st time since Covid after Saudi facilities attacked
Brent crude futures jumped above $70 a barrel for the first time since Covid pandemic began, while US crude touched its highest in over two years, following reports of attacks on Saudi oil facilities
Why costly diesel burns a bigger hole in your pocket than petrol
While consumers feel the petrol pinch directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use
 "Why costly diesel burns a bigger hole in your pocket than petrol")
Brent crude oil prices give up gains after rising above $65 on Texas freeze
U.S. West Texas Intermediate (WTI) crude futures rose 5 cents to $61.19 a barrel, after earlier reaching $62.26, the highest since Jan. 8, 2020
 "Brent crude oil prices give up gains after rising above $65 on Texas freeze")
D-Street party continues; Sensex ends 610 pts higher at 52,154; banks rally
The Nifty Bank index stole the show and hit a new peak of 37,309 levels, up 1,200 points in the intra-day trade. The index closed 1,197 points, or 3.3 per cent, higher at 37,306 levels
 "D-Street party continues; Sensex ends 610 pts higher at 52,154; banks rally")
Brent crude above $60 a barrel after over a year amid demand recovery
It's another milestone in a stellar comeback from the biggest demand destruction in a generation after the pandemic forced countries to lock down, devastated economies and grounded planes
Saudi's surprise output cut to lift Brent to $60 a barrel by mid-year: UBS
UBS expects Brent to trade at $63 per barrel in the second half of 2021
Commodity markets to end 2020 on strong note with vaccine, stimulus news
Global commodity markets are poised to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the coronavirus pandemic
 "Commodity markets to end 2020 on strong note with vaccine, stimulus news")
Rising inflation, crude oil are a new worry for financial markets: Analysts
Over the past one month (since November 13), Brent crude oil prices have surged nearly 18 per cent to $50.34 a barrel now
 "Rising inflation, crude oil are a new worry for financial markets: Analysts")
Global oil demand unlikely to get vaccine boost until later in 2021: IEA
Brent crude fell 0.8% to $43.46 a barrel in early London trade, snapping three straight days of gains
 "Global oil demand unlikely to get vaccine boost until later in 2021: IEA")
Oil market's reliance on China shows narrowing options
Platts Analytics sees oil prices struggling to go beyond the mid-$40s/bbl mark by the end of calendar year 2020 (CY20) before creeping up to $50/b by end-2021
 "Oil market's reliance on China shows narrowing options")
Brent crude tumbles below $40 in wake of faltering demand outlook
A stall in Asia's recovery, the end of the US summer driving season and increased supply from the OPEC+ alliance signal a bleak short-term outlook for oil prices
 "Brent crude tumbles below $40 in wake of faltering demand outlook")
Oil falls 1% on lacklustre demand, set for biggest weekly drop since June
Brent crude fell 44 cents to $43.63 a barrel by 0325 GMT, while U.S. West Texas Intermediate was at $40.94 a barrel, down 43 cents and set for its first weekly drop in five weeks.