Page 33 - Crude Oil Price

OMCs float tender to supply 8.25 billion litres of ethanol in FY24

The bid document was floated a few days back, and the validity of the bids was till July 31, 2024

Israel-Palestine war: Markets not pricing in an escalation, says Chris Wood

An immediate fallout of the developments has been on crude oil prices, which are now nearing $94 a barrel (Brent crude), rising nearly 12 per cent from $84 a barrel a fortnight ago

Sensex ends lower for third straight day, down 232 pts; ITC, HUL weigh

The NSE Nifty50 ended 82 points lower at 19,543; broader indices too finished with significant losses. Private banks, however, bucked the trend on Friday.

Best of BS Opinion: Tax uncertainty, the prospects of Mandal 2.0, and more

Here is the best of Business Standard's opinion pieces for today

Strengthening US dollar is a global risk: RBI's state of the economy report

The report said that during the calendar year 2023, India's foreign exchange reserves increased by US$ 22.0 billion, which is the highest among major foreign exchange reserves-holding countries

London wins back its Europe's largest stock market crown from Paris

London had lost its status as Europe's biggest stock market last November, extending an equity slump that stretched back to Britain's vote to leave the European Union in 2016

Turning the tide on oil

India has faltered in locating its oil reserves for decades, but now a path is being paved to facilitate its transition from an oil importer to an exporter

Rupee hits fresh closing low of Rs 83.28 due to rise in crude oil prices

Brent crude oil prices crossed $90 per barrel on Monday, a 6 per cent increase from Friday, amid escalating geopolitical tensions in West Asia

Experts see WPI inflation rising in second half of ongoing fiscal year

The Wholesale Price Index (WPI) in India is likely to rise in the second half of the ongoing fiscal and a prolonged deflationary trend could impact growth, experts said on Monday. Wholesale inflation remained in the negative territory for the sixth straight month in September at (-) 0.26 per cent on easing prices of food items, especially vegetables. Deflation in WPI in September is primarily due to the fall in prices of chemicals and chemical products, mineral oils, textiles, basic metals, and food products as compared to the year-ago period, the commerce and industry ministry said on Monday. "In September, the WPI exhibited its sixth consecutive month of contraction, with a decline of 0.3 per cent year-on-year (y-o-y), lower than the previous month's contraction of 0.5 per cent," CareEdge Chief Economist Rajani Sinha said. "The continued contraction in WPI can be attributed to the deceleration in food prices, as well as the ongoing decline in fuel and manufactured product prices,

Cash holdings with mutual funds at 16-month low of 4.8% in September

Fund houses put cash to use despite market uncertainty

Israel-Hamas conflict: Don't expect disruption in supply lines, says Puri

Amid the ongoing Israel-Hamas conflict, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said that there is no expectation of any disruption in supply lines for crude oil so far. Asked if the conflict can have an impact on oil supplies, Puri told reporters here, ".. so far, no expectation of supply lines being disrupted". "I am reasonably confident that both on issues related to availability and affordability that we can navigate forward. "I am confident that we will be able to manage and this for a variety of reasons. We have diversified our sources of supply. Earlier, we used to import from 27 countries, today we import from 39 countries," Puri said. Replying to a question, he said normally, the country consumes five million barrels per day. "Our imports from the Americas have increased. We buy USD 20 billion worth energy from them," he said in response to a question. Replying to a question if further reduction in fuel prices can be expected with festiv

Israel-Hamas conflict: Rising energy costs likely to weigh on India Inc

An Adani Ports & SEZ statement said the company is closely monitoring the situation at its port, which is situated in the North - far away from the conflict zone

Israel-Hamas conflict: India's hope of respite in oil prices dashed

The Indian crude oil basket, a mix of Gulf sour and Brent sweet grades, averaged $93.54 a barrel last month

As Israel-Hamas war escalates, crude oil traders are focused on Iran

The energy minister of the United Arab Emirates, a key OPEC member, was clear on Sunday that the conflict wouldn't affect the group's decision-making

Markets recover as crude oil prices plunge; Sensex, Nifty gain 0.6%

The benchmark Sensex climbed 405 points, or 0.62 per cent, to close at 65,632, while the Nifty 50 index advanced 110 points, or 0.56 per cent, ending the session at 19,546

India confident of continuing discounts on Iraqi and Saudi crude oil

Share of imports from traditional middle eastern share has crept up even as Russian oil dominates

Easing oil prices lifts market mood; Sensex up 406 pts, Nifty near 19,550

Closing Bell on October 5, 2023: L&T, Titan Company, TCS, Bajaj Auto, M&M, Infosys, Eicher Motors, Asian Paints, and ICICI Bank were the top stocks that supported the indices, rising up to 2.15%

Crude prices beyond $100 per barrel to create large, organised chaos: Puri

Previously, Puri underscored the need for oil producers to demonstrate the same consideration for consumer nations as they had received during the pandemic

Govt owned refiners increase Russian oil imports despite G7 price cap

The Indian imports from Russia increased due to a lower demand from China leaving more oil to be supplied to the Indian markets, an industry expert said

India urges producers for 'sensitivity' as oil price near $90 per barrel

Union Minister Hardeep Singh Puri has long called for OPEC and its allies led by Russia, known as OPEC+, to consider how their policies affect oil-consuming countries