Page 94 - Crude Oil Price

Centre raises excise duty on petrol by Rs 10 per litre, diesel by Rs 13

No change in retail prices as oil marketing firms to absorb increase

India benefits from low-cost oil, fills 32 mn tonnes of commercial storage

India, the world's third biggest oil importer, buys over 80% of its oil needs from overseas markets. The nation has annual refining capacity of about 250 million tonnes

Soft crude oil prices to lower working capital requirement of OMCs

According to CARE Ratings, the impact of a fall in crude oil price owing to the coronavirus (Covid-19) pandemic on the domestic downstream sector would not be as severe as it is on the upstream sector

MCX offers chance to exit trading if crude oil price slips into negative

Asking members and clients to be extra cautious while dealing in crude oil, the exchange has said trading will be halted if the trading price falls to Re 1

State refiners fill up India's strategic reserves with spare crude oil

Buying more crude to fill strategic capacity will benefit India as international crude oil prices are falling

Covid-19 impact: Tanker rates boom as demand for oil storage surges

Vessel charges jump up to seven times to $160,000-170,000 per day since February

Covid-19: Lockdown leaves Chhattisgarh petrol pumps battling for survival

The consumption of petrol and diesel in the state has fallen sharply to about 1.2 million litres from 5.5 million litres

New-age brokerages rework risk management policies to tide over volatility

While some have restricted intra-day leverages given to clients for trading, others have stopped trading in illiquid scrips

Brokerages discourage trading in crude oil till volatility subsides

MCX is considering interim measures to handle negative pricing on Nymex and the impact on its platform

Statsguru: Why crude oil went berserk last week and is it just a blip?

Oil traded at a negative price on a one-month West Texas Intermediate futures contract, but it didn't for successive months' futures contracts

How US could use taxpayer dollars to save oil and energy companies

The US federal government could use some of the $2.6 trillion coronavirus rescue legislation, or other options to help the industry

Textile units to see 25% spike in production costs due to Covid compliance

Some plan to operate at 50% capacity, due to huge inventory piled up with distributors and retailers before the lockdown

Deep Dive with AKB - Oil's great slide: What this means for India

So what has happened lately to cause such a massive drop? How bad is the global outlook? And what does all this mean for India, which is a major importer of petroleum products? Let's take a Deep Dive

Best of BS Opinion: Coronavirus outbreak, oil market collapse, and more

Here's a selection of Business Standard opinion pieces of the day

MCX asks software vendor to enable negative price trading after broker ire

Exchange says cannot ascertain the date by which this would be achieved at this point in time

Crude collapse and the price disconnect

It is true that crude oil prices globally are under pressure due to excess supply and poor demand, thanks to the Covid-19 pandemic

Covid-19 impact: India crude oil production plummets 5.5% in March

The cumulative crude oil production during 2019-20 was 32.1 million tonne, 5.95 per cent lower than production of 34.2 mt during the corresponding period of last year

Indian refiners export diesel to China as Beijing recovers from Covid-19

China is seeing a demand recovery in infrastructure and manufacturing sectors. Countries, like South Korea and Japan, have also placed quotes for importing petroleum products from India amid lockdown

Best of BS Opinion: War with the virus, Jio-Facebook deal, and more

Here's a selection of Business Standard opinion pieces of the day

Indian crude oil basket follows global trajectory, falls to record low

The March average of Indian Basket price was lowest in the last 15 years at $33.36 a barrel last month