Page 49 - Crude Oil Price
Petrol, diesel prices continue to surge amid social unrest in Pakistan
The Finance Division said the hike was due to the "increasing trend of petroleum prices in the international market and exchange rate variations"
 "Petrol, diesel prices continue to surge amid social unrest in Pakistan")
Sensex sinks 256 pts, Nifty ends below 19,300; SmallCap index holds fort
Closing Bell on August 31, 2023: Bajaj Finance, IndusInd Bank, Axis Bank, HUL, SBI, Power Grid, Nestle India, TCS, Tata Motors, JSW Steel, Bajaj Finance, ITC, and RIL slipped up to 1.2 per cent
 "Sensex sinks 256 pts, Nifty ends below 19,300; SmallCap index holds fort")
India's Russian crude imports decline sharply in Aug to lowest in 7 months
Shipments of Russian oil to India dropped to 1.6 million barrels per day (bpd) in August from 2.1 million bpd in July, the steepest month-on-month drop
 "India's Russian crude imports decline sharply in Aug to lowest in 7 months")
Global oil prices up due to tighter supply, China economy in focus
U.S. West Texas Intermediate crude futures gained 10 cents, or 0.13 per cent, to $81.74
 "Global oil prices up due to tighter supply, China economy in focus")
Sensex, Nifty end in the green for 3rd day; all but banking stocks rally
Closing Bell on August 30, 2023: SBI, ICICI Bank, HDFC Bank, Bajaj Finance, IndusInd Bank, NTPC, Kotak Bank, and Bajaj Finserv fell up to 1.4 per cent
 "Sensex, Nifty end in the green for 3rd day; all but banking stocks rally")
India will buy oil from anyone who offers lowest prices: Hardeep Singh Puri
India, the world's third-biggest oil importer and consumer, gets more than 80% of its oil from overseas
 "India will buy oil from anyone who offers lowest prices: Hardeep Singh Puri")
Sensex, Nifty eke out tepid gains; Jio Financial surges 5%, Adani Ports 2%
Closing Bell on August 29, 2023: The broader markets, however, held firm gains with the BSE MidCap and SmallCap indices settling 0.45 per cent and 0.69 per cent higher, respectively
 "Sensex, Nifty eke out tepid gains; Jio Financial surges 5%, Adani Ports 2%")
Sensex, Nifty end flat; RIL, Jio Fin drop 1% as 46th AGM lacks fireworks
CLOSING BELL ON AUG 28, 2023: Shares of Reliance Industries (down 1.4 per cent) and Jio Financial Services (down 0.97 per cent) ended as the top large-cap laggards amid profit booking
 "Sensex, Nifty end flat; RIL, Jio Fin drop 1% as 46th AGM lacks fireworks")
Oil prices decline amid caution ahead of Jerome Powell's remarks
Brent crude fell 18 cents, or 0.2%, to $83.03 a barrel by 2:08 p.m. EDT (1808 GMT). U.S. West Texas Intermediate crude fell 16 cents, or 0.2%, to $78.73 a barrel
 "Oil prices decline amid caution ahead of Jerome Powell's remarks")
Oil prices decline amid caution ahead of Jerome Powell's remarks
Brent crude fell 18 cents, or 0.2%, to $83.03 a barrel by 2:08 p.m. EDT (1808 GMT). U.S. West Texas Intermediate crude fell 16 cents, or 0.2%, to $78.73 a barrel
India's overdrive to trim fuel output investments threatens supply security
Oil ministry's plans involve a rapid exit from fuels without considering implications, writes S Dinakar
 "India's overdrive to trim fuel output investments threatens supply security")
Sensex slips 732 pts from day's high, ends 181 pts lower; RIL, L&T weigh
CLOSING BELL ON AUGUST 24, 2023: The Nifty tumbled over 200 pts in intra-day deals, and ended with a loss of 57 points. IndusInd Bank, Asian Paints and Infosys, however, gained over a per cent each.
Oil down on weak economic data, US Fed chief's speech in spotlight
Brent crude fell 19 cents, or 0.2%, to $83.02 a barrel by 0619 GMT, while U.S. West Texas Intermediate crude dropped 24 cents, or 0.3%, to $78.65 a barrel
 "Oil down on weak economic data, US Fed chief's speech in spotlight")
Oil dependence a key challenge for India: HDFC Bank director Keki Mistry
Mistry said that the trajectory of oil prices always needs to be watched as India imports 85 per cent of its oil requirements and is the world's third-largest oil importer
 "Oil dependence a key challenge for India: HDFC Bank director Keki Mistry")
Crude oil refining output rose 2.2% to 21.9 MMT in July: Oil Ministry
Domestic crude production rose 2.1 percent to 2.5 million metric tonnes
 "Crude oil refining output rose 2.2% to 21.9 MMT in July: Oil Ministry")
Sensex ends flat amid range-bound trade; Broader mkt, new-age shares rally
CLOSING BELL ON AUGUST 22, 2023: BSE MidCap and SmallCap indices rallied up to 0.9 per cent, while the NSE Nifty 50 ended with a notional gain of 3 points at 19,396.
 "Sensex ends flat amid range-bound trade; Broader mkt, new-age shares rally")
Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut
CLOSING BELL ON AUGUST 21, 2023: The NSE Nifty 50 ended with a gain of 84 points at 19,394. Jio Financial Services settled at the 5 per cent lower circuit on debut on Monday.
 "Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut")
Oil up 1% on signs of slow US output, posts first weekly loss in 8 weeks
Oil benchmarks were further depressed by seasonal demand weakness heading into the autumn, said Jay Hatfield, CEO of Infrastructure Capital Management
 "Oil up 1% on signs of slow US output, posts first weekly loss in 8 weeks")
IT, HDFC Bank, M&M send Sensex 202 pts down; Adani Ent gains 4%, RIL 1%
Stock Market LIVE: IT pocket led losses on the Sensex with HCL Tech, TCS, Wipro, Tech M and Infosys falling up to 1.2 per cent
 "IT, HDFC Bank, M&M send Sensex 202 pts down; Adani Ent gains 4%, RIL 1%")
Oil prices up as China cuts rates twice in 3 months to support economy
Brent crude futures rose 11 cents, or 0.1%, to trade at $86.32 per barrel at 0414 GMT. U.S. West Texas Intermediate crude was up 7 cents, also 0.1%, to $82.57 a barrel
 "Oil prices up as China cuts rates twice in 3 months to support economy")