Page 26 - Crude Oil Prices

Silver lining for OMCs: Low crude oil prices signal structural gains

HPCL may benefit more from improvement in marketing margins

Saudi Aramco plans to sell pipeline stake amid a slump in crude prices

Aramco may need to raise cash this year as it confronts a historic rout in oil prices and a burgeoning list of spending obligations.

Global oil prices fall to 2002 low; petrol, diesel rates unchanged in India

Petrol and diesel prices in India, however, remained on freeze for the 14th day in a row

Using flexibility in fuel pricing

The government control on pricing continues via tax tweaks

India to top up strategic oil reserve with Rs 5,000 cr buy as prices drop

Global crude oil fell about 40% in March (to about $25 a barrel now) so far after talks of production cut between the OPEC and Russia failed.

Here's why your fuel bill hasn't fallen much despite tumbling crude prices

Even if the daily price cut on petrol and diesel remains between 15 and 30 paisa till April 1, the marketing margin will remain high at Rs 8-10 per litre.

Brent crude sinks below $30/bbl as coronavirus hits economic growth

West Texas Intermediate (WTI) crude futures fell $1.75, or 6.1 per cent, to settle at $26.95 a barrel.

Oil slumps below $30 as coronavirus spreads, OPEC rancor remains elevated

The coming flood of supply from Saudi Arabia and other producers could result in the largest surplus of crude in history, said global information provider IHS Markit

Oil war escalates after Saudi, UAE promise to increase production capacity

Saudi Arabia had been insisting for weeks that the group needed deeper production cuts to tackle the demand loss caused by the quickly spreading virus.

Sovereign wealth funds may cut down India play as oil prices drop

Foreign outflows could accelerate further if oil prices stay low

Lower oil prices would lead to direct reduction in GAIL earnings : Analysts

Start of new fertiliser plants offers some comfort, but disparity between procurement and selling price of gas would hurt profitability, say analysts

The meltdown

Market correction was long overdue

That 1970s feeling

Next global recession could be around the corner and it may look a lot different from those that began in 2001 and 2008

Lower crude regime likely to dampen capex plan of upstream companies

A sustained drop in crude oil prices will affect the capital expenditure plans of ONGC and OIL

Oil price slump: Centre may not hike excise duty for petro products

For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.

After coronavirus, it's a crude shock: Markets see worst rout in 5 years

The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.

Dow Jones falls 2,000 points as virus, oil price drop stoke recession fears

The Dow Jones Industrial Average fell 2,013.45 points, or 7.78%, to 23,851.33, the S&P 500 lost 225.81 points, or 7.60%, to 2,746.56 and the Nasdaq Composite dropped 624.94 points, or 7.29%, to 7,950.

Crude collapse exposes Big Oil's weak points as valuations crash

Producers have cut costs, sold assets and canceled projects to repair balance sheets following crude's 2014-17 slump.

Low oil prices good for importing countries like India: HPCL chairman

What happened in China is, to some extent, related to COVID-19, but (the fall in oil price) is independent in its own ways

Oil price crash: Domestic petrol, diesel prices may fall in the near future

Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level