Crude Prices

Hike in pump prices unlikely for now even as Brent tests $120 per barrel

Oil prices spike past $100 amid Iran war and supply cuts, raising fears of a sharply higher import bill, inflation and current account deficit for India

West Asia crisis: Mkts in for another crude week as oil scramble continues

Surging Brent crude and tensions near the Strait of Hormuz threaten to keep Indian markets volatile, with investors watching inflation data and foreign fund flows

Tackling West Asia conflict's impact on investments, household budget

Avoid panic selling, keep SIPs going: Past wars caused transitory selloffs

Queues, price hikes and shortages as Asia battles worsening fuel crunch

Despite oil prices staying relatively contained amid the crisis, with traders warning of $100 crude, the impact is already being felt across Asia, the world's largest energy-consuming region

Higher crude prices and expansion plans may weigh on OMC performance

Rising crude costs, reduced access to discounted Russian oil and heavy capex may pressure OMCs, though strong GRMs, demand growth and LPG subsidies support profits

Oil outlook: Supply excess, weak Asia demand to keep WTI in $61-66 range

WTI crude oil prices opened weaker, tumbling over 4 per cent in early trading, a sharp reversal from the prior week's modest 2.2 per cent.

Rupee weakens on safe-haven demand; fall in crude prices caps losses

The Indian currency settled at 86.75 per dollar, against the previous close of 86.59 per dollar

Oil prices jump over 11% as Israel strikes Iran, rattling investors

US West Texas Intermediate crude was up $5.38, or 7.91 per cent, at $73.42 a barrel after hitting a high of $74.35, the loftiest since February 3

Tailwinds for oil marketing companies in India as margins remain robust

Downstream businesses like the oil marketing companies (OMCs) and gas players gain

Rupee logs biggest single-day gain in over 2 years on falling crude prices

The rupee settled at 86.05 per dollar on Friday, against 86.70 per dollar on Thursday. Last week, it had settled at 85.23 per dollar

OMC stocks seem attractive after earnings decline and correction

Resumption of more frequent revision in retail prices could be a driver. Policy risk appears low

Rupee flat at 84.43 against USD; low crude price negates dollar strength

The rupee traded in an almost flat note and settled 1 paisa lower at 84.43 (provisional) against the US dollar on Tuesday, as support from positive domestic equity markets and lower crude oil prices was negated by strength of the American currency in the overseas market. Forex traders said the Ukraine-Russia war took a new turn with Russia updating its nuclear doctrine and Ukraine aimed American missiles at Russia. Safe haven assets like Gold, JPY and CHF and to some extent dollar were bought and rupee felt the heat and was sold at the closing hours. At the interbank foreign exchange, the rupee opened at 84.39 and stayed range-bound throughout the session. It finally settled at 84.43 (provisional) against the greenback, down 1 paisa from its previous close. On Monday, the rupee recovered from its lowest level of 84.46 to settle 4 paise higher at 84.42 against the US dollar. Praveen Singh, Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas, said the USD-I

Low crude prices: Refiners place spot orders from West Asia in September

Brent crude prices fell to a 33-month low last week amid oversupply concerns

Crude Oil: Check key trading strategy on June 13, target price and more

The WTI holding on to support of $78 in Asian hours, retreating from three weeks high of $79.12. hit on Wednesday

Crude oil prices steady, signal bearish outlook in near term; here's why

Crude oil prices have corrected significantly after posting 16 per cent gains for Q1-2024. However, since April the oil prices have lost roughly 7 per cent of their value, amid the easing of tensions

Kansai Nerolac Paints Q4 results: Net profit rises 24% to Rs 1.16 billion

Revenues at India's third-largest paintmaker by market capitalisation rose over 2% to 17.69 billion rupees, while a rise in input costs helped total expenses tick 1.7% higher

Rupee trades in narrow range against US dollar due to rising crude prices

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.15 per cent lower at 103.45

Interim Budget likely to assume peak crude oil price at $85 per barrel

Brent crude prices moved up on Thursday, ending at $78.9 per barrel

India's financial conditions improved significantly in Dec: CareEdge

External factors like geopolitical tensions and energy prices must be monitored, says rating agency

Operating profit of offshore rig operators may jump 30% in FY25: Report

Operating profit of offshore rig operators in India is likely to jump 30 per cent next fiscal on the back of strong global demand for rigs amid healthy crude prices and elevated day rate which has doubled to USD 85,000 from the last year's level, says a report by Crisil Ratings. The day rate is the amount of money paid by the operator to the drilling contractor for each day that the rig is used to drill a well. In the absence of significant investment towards rig addition, growth will bolster the returns and debt metrics of rig operators and strengthen their credit risk profiles, it added. Crude price, which averaged at USD 55 a barrel between fiscals 2016 and 2021, increased to USD 86 a barrel on average since fiscal 2022. Higher crude prices have, in turn, incentivised increased capex in offshore exploration and production activities, driving up demand for offshore rigs. Though global demand for offshore rigs has surged 11 per cent since April 2022, supply has shrunk as operator