Page 43 - Crude Oil Price

Best of BS Opinion: Time to 'phase up' on oil production, BRI & more

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

India Inc sees no long-term impact of Israel-Hamas war: BS CEO survey

If the war in the Israel-Gaza region escalates into a larger West Asian conflict, it could pose problems

Time to 'phase up' on oil production

As the demand for petroleum products drives on relentlessly, imports surged to 230 mt, leaving us vulnerable to vagaries of global uncertainties

Cheap Venezuela crude oil to complement discounted Russian grades

India is studying options to resume imports of oil from Venezuela after purchases stopped in late 2020

Oil prices rise 1% after paring earlier gains on mixed Middle East reports

Israeli forces carried out their biggest Gaza ground attack in their 20-day war with Hamas overnight

Markets may ignore West Asia events till there's no invasion: Chris Wood

Over the past few weeks, equity markets have reacted sharply to the developments in West Asia with most frontline indices across the globe slipping 1 per cent to 7 per cent.

Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050

Closing Bell on October 27, 2023: Among sectors, the Nifty PSU Bank index jumped 4 per cent today

Gold prices steady as US jobless claims rise to 210K; crude oil drops

Spot gold was nearly unchanged at $1,977.79 per ounce by 1131 GMT

Sensex plunges 901 pts, Nifty nears 18,850 as sell-off enters 6th day

Closing Bell on October 26, 2023: In the broader market, the BSE MidCap index shed 0.94 per cent, and the BSE SmallCap index fell 0.19 per cent

Small, midcaps highly cyclical, best to invest through SIPs: WhiteOak CEO

In an interaction with Abhishek Kumar, Somaiyaa says investors should prefer hybrid funds in the current scenario

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