Page 36 - Crude Oil

Nuberg Engineering to build Rs 650 cr SRU project at IOCL's Koyali refinery

Last year IOC had signed an MoU with Gujarat for adding petrochemical and lube plants to its previously announced plans to expand crude oil processing capacity at the refinery

RBI takes steps to attract foreign flows, says growth prospects stay strong

RBI said that despite the headwinds from geopolitical developments, elevated crude oil prices and tighter external financial conditions, high frequency indicators point to an ongoing recovery in sever

Bulls are back: Equities rebound over 1%; crude below $100 per barrel

Reversal in FPI selling buoys sentiment

Sensex ends 617 pts up, Nifty near 16K; Bajaj twins gain 5%, HUL 4%

Despite a 0.8 per cent fall in heavyweight Reliance, Bajaj twins, HUL, Asian Paints, Maruti, Titan, Kotak Bank and Nestle led the upmove on the Sensex, moving up to 4.8 per cent higher.

MCX Crude Oil futures may drop to Rs 7,100; Natural Gas in oversold zone

The MCX Crude Oil has near support at Rs 7,740, below which it can slide towards the 200-DMA at Rs 7,100. Natural Gas may test Rs 410-odd level, while a bounce to Rs 500-odd level cannot be ruled out.

PSUs face further investment apathy; privatisation may struggle: Analysts

The bulk of the earnings reduction over the past two months for the Nifty-50 index, according to KIE, has come from the government's decision to levy new taxes

Oil plummets below $100 per barrel as recession risks come to forefront

Investors are fretting about the possibility of an economic downturn as central banks across the world take aggressive actions to limit inflation

Sensex, Nifty end flat in choppy session; metals, auto, IT packs slip most

Stock market LIVE updates: The broader markets suffered more losses than the frontline indices. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 per cent, respectively.

Domestic crude oil producers get marketing freedom, exports not allowed

According to a government statement, this move shall ensure marketing freedom for all exploration and production (E&P) operators

Govt approves deregulation of sale of domestically-produced crude oil

While contracts for oilfields awarded since 1999 gave producers the freedom to sell oil, the govt fixed buyers for crude produced from older fields, such as Mumbai High of ONGC and Ravva of Vedanta

Top headlines: GST on casinos deferred; marketing freedom to oil producers

Briefing reporters about deliberations at the two-day meeting of the GST Council, Finance Minister Nirmala Sitharaman said finance and other ministers of 16 states spoke on the compensation issue

Bias for MCX Crude Oil seems positive, Natural Gas may remain volatile

The key support levels for the MCX Crude Oil and Natural Gas futures for the remainder of the week are Rs 8,545 and Rs 502.30, respectively.

TMS Ep202: Economic recovery, philanthropy, crude oil, anti-defection law

How is the Indian economy recovering? What is the impact of family philanthropy in India? Will high crude oil prices bring a windfall to some companies? What is an anti-defection law? Answers here

Refiners en route to seize most gains from war fallout

Companies across the value chain, especially crude refiners, have seen material gains in tandem with record-high prices of crude oil. Find out the companies that are likely to seize the most gains.

Global trends, oil, FII movement key drivers for stocks this week: Analysts

Stock markets will be driven by global trends, crude oil movement and foreign institutional investments this week, analysts said, adding that benchmark indices may also face volatility amid the scheduled monthly derivatives expiry. Moreover, the movement in the rupee and the progress of monsoon would also be watched by investors, they added. "Indian markets managed to recover from lower levels after two weeks of sharp cuts thanks to a recovery in global markets and a cut in commodity prices. It seems that this recovery may see a further extension and we can expect a decent rally in the coming days in equity markets," said Santosh Meena, Head of Research, Swastika Investmart Ltd. "Apart from F&O expiry, monthly auto sales numbers and monsoon development will be important triggers," Meena said. Crude oil, rupee movement and FIIs' behaviour will be other important factors, he added. Ajit Mishra, VP - Research, Religare Broking Ltd, said, "We expect volatility to remain high this week

India's consideration for crude oil purchases very well understood: Kwatra

The foreign secretary said India's consideration for crude oil purchases has been very well understood by the global community

Oil prices weaken on hawkish Fed rhetoric, concerns about demand

US Federal Reserve chief Jerome Powell said the central bank was focused on fighting inflation and that the labor market was unsustainably strong

Crude oil diplomacy

India should protect its longer-term interests

Crude oil buckles as recession angst rattles commodity investors

While crude has been shaky over the past week, plunging 6.8% on Friday, there's little respite to the tightness in refined fuel markets

MCX Crude Oil may drop to Rs 8,050; Natural Gas likely to bounce back

The MCX Crude Oil futures seem on course to test the 100-DMA around Rs 8,050-level; Select momentum oscillators on Natural Gas have hit oversold territory, thus a pull-back rally can be expected.