Page 13 - Crude Oil Prices
Berger monitors cost, demand closely before taking price hike call
Berger Paints India Ltd on Tuesday said it was monitoring the cost pressure in the wake of crude price hardening but will take a call after tracking the demand scenario. With crude oil trading above USD 100 per barrel owing to Russia's invasion of Ukraine, cost pressure will mount if the geopolitical uncertainties continue for a few months. "We are monitoring the situation closely but not raising the price in a haste. We will take a call after monitoring the demand scenario also. Price rise impacts volume demand," Berger Paints MD & CEO, Abhijit Roy, told PTI. Berger had hiked prices in the last one year to offset input cost inflation, the company said. Roy explained that out of the four major ingredients of making paints, one is linked to crude. It is the solvent binder, which is a derivative of crude. However, its price is more affected by demand-supply issues than the price of crude itself, he said. Overall, solvent binder forms about one-third of Berger's raw material ...
 "Berger monitors cost, demand closely before taking price hike call")
Top headlines: US to consult India on Ukraine, India Inc faces margin dip
The Centre will wait and watch how the Russia-Ukraine crisis affects the stock markets before taking a call on deferring the IPO of LIC. More on this in our top headlines.
 "Top headlines: US to consult India on Ukraine, India Inc faces margin dip")
Oil prices rise as US says Russian attack on Ukraine may occur soon
Brent crude rose 73 cents, or 0.75%, to $97.57 a barrel at 0130 GMT, after soaring as high as $98.08.
 "Oil prices rise as US says Russian attack on Ukraine may occur soon")
Rising crude oil prices increase turbulence for airline stocks
Cost headwinds come amid improved Q3 showing, rising yields
 "Rising crude oil prices increase turbulence for airline stocks")
Oil prices slide after France and Iran say closer to a nuclear deal
Oil markets have been dominated in recent weeks by Russia's threatening posture toward Ukraine
 "Oil prices slide after France and Iran say closer to a nuclear deal")
Oil retreats from 7-year high as Russia says it withdraws some troops
The latest Russia-Ukraine development drew a cautious response from Ukraine and Britain, after days of U.S. and British warnings that Moscow might invade its neighbor at any time.
 "Oil retreats from 7-year high as Russia says it withdraws some troops")
Oil hits 7-yr highs as market fears Russian attack on Ukraine imminent
Russia is one of the world's largest oil and gas producers, and fears that it could invade Ukraine have driven the rally in oil closer to $100 per barrel
Oil prices clamber towards 7-year highs on Russia-Ukraine tensions
Comments from the United States about an imminent attack by Russia on Ukraine have rattled global financial markets.
 "Oil prices clamber towards 7-year highs on Russia-Ukraine tensions")
Sensex can hit 100,000 mark in five years, believes Chris Wood
A similar view was shared by Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services, who suggested that Indian equity markets were on the cusp of a major bull-run
 "Sensex can hit 100,000 mark in five years, believes Chris Wood")
US oil prices bust through $90/bbl for first time since 2014
Analysts attributed the rally to growing concerns that extended cold weather could hit production in Texas, exacerbating the tightness in world crude markets
Oil prices take a breather as OPEC+ sticks to moderate output plans
Brent crude fell 37 cents, or 0.4%, to $89.10 a barrel by 0127 GMT, after rising 31 cents on Wednesday
Oil edges higher as OPEC+ keeps to steady supply bump, US stockpiles draw
Brent crude ended settling up 31 cents to $89.47 a barrel, while U.S. West Texas Intermediate crude gained 6 cents to $88.26 a barrel.
Oil falls from seven-year high as Russia tensions offset Fed tightening
Global benchmark Brent fell 62 cents to settle at $89.34 a barrel, while U.S. crude closed 74 cents lower at $86.61 a barrel in a volatile session
 "Oil falls from seven-year high as Russia tensions offset Fed tightening")
Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts
Though analysts believe diplomatic efforts will continue leading to a stabilisation and an eventual easing of these tensions, it may take several months for this to happen
 "Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts")
India's high foreign exchange reserves not enough to shield rupee
A sharp rise in oil import bill has led to a big decline in forex reserves to imports in FY22
 "India's high foreign exchange reserves not enough to shield rupee")
Indices slump 2.6% as sell-off deepens; metal, realty top losers
Concerns over Fed rate hike, Ukraine add to investor woes
 "Indices slump 2.6% as sell-off deepens; metal, realty top losers")
China's crude oil imports for 2021 post first annual drop in 20 years
The drop compares with an average annual import growth rate of nearly 10% since 2015
Rupee rises for fifth straight day, ends 5 paise up at 75.54 against USD
Lower crude prices in the international market and a subdued dollar overseas also supported the local unit, forex dealers said
 "Rupee rises for fifth straight day, ends 5 paise up at 75.54 against USD")
Crude oil prices can hit $100 a barrel in 2022, say analysts
Crude oil market, according to Goldman Sachs, is pricing in a far larger demand hit than during Delta - equivalent to no planes flying for the next three months
 "Crude oil prices can hit $100 a barrel in 2022, say analysts")
Crude oil prices climb but worries over Omicron variant linger
Brent crude futures increased by 29 cents, or 0.4%, to $71.81 a barrel by 0753 GMT