Bearish market trend, Coronavirus impact amid crude oil crash have hurt investor sentiments
With consumer demand remaining sluggish, it is prudent on the part of the central and states governments to pass on the benefits to people
The present stand-off between Russia and the OPEC is a kind of payback because it is going to seriously hit America's own shale gas programme
The main beneficiaries are likely to be the main consuming countries such as India and China, but even there oil companies will be affected.
Asia closes in green, but America and Europe were volatile amid uncertainty over stimulus
US shale producers, including Occidental Petroleum Corp , deepened spending cuts that could reduce production
The escalating coronavirus fear and price war between oil producing countries led to a sharp 23% one-day fall in crude oil prices on Monday
A sustained drop in crude oil prices will affect the capital expenditure plans of ONGC and OIL
Staples expected to get cheaper in coming 2 months
Staples expected to get cheaper in coming 2 months
27 per cent drop in oil prices portends an extended global economic turbulence far beyond Covid-19 or even Trumpian trade bravado
In the eurozone, Frankfurt's DAX 30 jumped 3.5 per cent and the Paris CAC 40 rallied 4.2 per cent
Brent crude futures were up $3.36, nearly 10%, to $37.72 a barrel by 1041 GMT, after hitting a session high of $37.75 a barrel
Govt should seize the opportunity to improve its finances
Here's a selection of Business Standard Opinion pieces for the day.
A nearly 25% slump in oil prices triggered panic-selling and heavy losses on Wall Street's main stock indexes as the rapid spread of coronavirus amplified fears of a global recession
On Monday, Saudi Arabia reduced oil prices and offered to increase production, triggering a price war among oil-producing countries
The fall in oil prices comes at a time when the global economy is already reeling under the impact of coronavirus, which has dented demand across sectors and economies
As confidence on equities declines, large oil producers may hesitate to loosen their purse strings, thereby impacting valuations too
The carnage in the equity market wiped out investor wealth worth Rs 6,84,277.65 crore, taking the total m-cap to Rs 1,37,46,946.76 crore on the BSE at the end of Monday's trading session.