Page 28 - Crude Oil Prices
Crude oil prices dip due to record rise in US output, higher OPEC supplies
Saudi Arabia, effective leader of the OPEC and Russia have discussed boosting output to compensate for supply losses from Venezuela
 "Crude oil prices dip due to record rise in US output, higher OPEC supplies")
Why India is more vulnerable than other nations to global crude movements
Weakness in rupee and India's heavy dependence on oil import are seen as key reasons for the unabated price hikes at home
Indian fuel prices fourth highest among top 10 crude oil consuming nations
All countries have access to the same global price for crude oil, but retail prices in each depend on taxes
 "Indian fuel prices fourth highest among top 10 crude oil consuming nations")
Dependence on crude oil import rises under four years of Modi govt
This comes at a time when the government is reportedly planning a 'windfall tax' on oil producers
 "Dependence on crude oil import rises under four years of Modi govt")
Crude oil price rise could moderate later, suggests Spanish survey
Prices could average $66.5 a barrel in Oct-Dec
 "Crude oil price rise could moderate later, suggests Spanish survey")
Statsguru: Global crude oil prices rise as tension in West Asia escalates
World oil demand is expected to rise by 1.63 million barrels per day (mb/d), reaching 98.7 mb/d in 2018
 "Statsguru: Global crude oil prices rise as tension in West Asia escalates")
A suitable price for crude is $60 to $65 a barrel, says Iran's oil minister
Brent crude futures surged to almost $75 a barrel on Friday as traders braced for the possible re-imposition of US restrictions on Iran
 "A suitable price for crude is $60 to $65 a barrel, says Iran's oil minister")
Crude oil holds the key
If prices mitigate, oil marketing companies might become investment-worthy again
Crude prices rebound in March as Opec hints at longer oil output cuts
Iraqi minister says group mulls extension up to mid-2019
 "Crude prices rebound in March as Opec hints at longer oil output cuts")
Rising crude oil prices to hit tyre manufacturing firms' profit margins
Profit margins of tyre manufacturers improved during the December quarter
 "Rising crude oil prices to hit tyre manufacturing firms' profit margins")
Crude oil prices at $60 conducive to revenue growth: Air India CMD
Crude prices are important for airlines, as jet fuel, which is a refined product, is heavily taxed in India and forms a major cost component
Will Brent touch $80? Six reasons why crude oil prices will rise in 2018
Analysts are already turning bullish on crude oil prices with several of them revising their earlier forecasts upwards
 "Will Brent touch $80? Six reasons why crude oil prices will rise in 2018")
Higher crude oil prices will impact corporate earnings, say analysts
The twin tailwinds of low bond yields and cheap crude oil that were driving equity markets in India, despite lacklustre corporate earnings, are now receding.Crude oil prices have more than doubled from the lows of 2016 pushing up India's import bill and raising fears of a higher current account and fiscal deficit. A persistently higher deficit translates into a weaker rupee and higher consumer inflation.Bulls are also facing the heat from a steady rise in bond yields both in India as well as in the US. As a result, the additional earnings potential on equity investment becomes lower compared with investments in debt. Experts say that corporate earnings yields should be higher than bond yields to compensate for the risk associated with equity investments. But the two are moving in opposite direction right now, reducing the financial incentive for further equity investments. The earnings yield for a broad portfolio of 340 BSE 500 index companies is down 120 basis points (bps) in the ...
 "Higher crude oil prices will impact corporate earnings, say analysts")
Will crude oil prices moderate?
Brent crude, which saw a low of $44.2 a barrel on June 22, is now trading above $60 a barrel consistently since November
Oil markets cautious as Middle East tensions rises, US drilling increase
According to the traders, Organization of the Petroleum Exporting Countries (OPEC) and Russia have contributed to a significant reduction in excess supplies
 "Oil markets cautious as Middle East tensions rises, US drilling increase")
Rising crude oil prices fuel market fall
Sensex sinks 360 points; companies across sectors likely to see margin pressure
 "Rising crude oil prices fuel market fall")
Good times for refiners
Geopolitics apart, stable and low crude oil prices will benefit
Oil prices will average around mid-50s one year from now: Sammy Six
Interview with senior oil analyst at S&P Global Platts
 "Oil prices will average around mid-50s one year from now: Sammy Six")
Oil prices hit four-month lows on expanding US inventories
Brent for May down 59 cents, or 1.1% at $50.37 a barrel, WTI sheds 53 cents, or 1.1% at $47.71
 "Oil prices hit four-month lows on expanding US inventories")
FMCG, aviation, tyres and more: Sectors that will be impacted by rising oil prices
The recent surge in oil prices comes on the back of OPEC decision to cut oil production for the first time in eight years
 "FMCG, aviation, tyres and more: Sectors that will be impacted by rising oil prices")