Page 20 - Crude Oil Prices

Credit Suisse downgrades India to underweight on soaring crude oil prices

Brent crude of $120 a barrel, Credit Suisse estimates, could add $60 billion to India's import bill. Price rises for gas, coal, edible oils and fertilisers could add another $35 billion.

Western ban on oil imports will double price to $300 a barrel: Russia

A Western ban on Russian oil imports may more than double the price to $300 a barrel and prompt the closure of the main gas pipeline to Germany, Moscow warned on Monday

Tracking historical trends: How crude oil prices, stock valuations seesaw

A sharp rise in crude oil prices also affects the markets through its adverse effects on the exchange rate

Spike in crude oil prices takes away the gloss from paint companies' shares

Margins could be badly impacted, while weak demand across segments could disrupt top lines

Oil surges past $110/bbl, stocks rebound as Fed tightening fears ebb

Gold prices slipped on improving sentiment and U.S. Treasury yields rose from eight-week lows as investors weighed how aggressively the Federal Reserve might raise interest rates

Top headlines: India abstains on UN resolution, rupee-ruble trade likely

The government may get a lever to cut excise duties on petrol and diesel to ease the burden of rising global crude prices on the common man. More on that in our top headlines.

Ukraine crisis: Crude price may stay around $100 for 3 months, says CAPA

Bad news for airlines as fuel accounts for 40% of expenses. On Tuesday, OMCs hiked ATF price by 8.7% to Rs 93,530.6 a kilolitre. On a year-on-year basis ATF is up by 57%

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 ...

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.

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.

Rising crude oil prices increase turbulence for airline stocks

Cost headwinds come amid improved Q3 showing, rising yields

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 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 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.

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

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