Page 3 - Crude Prices

India likely to offer $2.5 billion lifeline to cost-hit oil companies

The three biggest state-run retailers, which together supply more than 90% of India's petroleum fuels, have suffered the worst quarterly losses in years by absorbing record international crude prices

Govt plans Rs 20,000-cr aid to oil firms hit by soaring costs: Report

The oil ministry has sought a compensation of Rs 28,000 cr, but the finance ministry is agreeing to only about a Rs 20,000-cr cash payout, say sources

Saudi Aramco profit surges to another record on bumper oil market

Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production

Windfall tax: Frequent changes create uncertainty for Indian oil producers

Experts say move is justified but government should clarify how proceeds will be utilised

Oil prices slip as weak manufacturing data stokes recession fears

Brent crude futures fell 29 cents to $99.74 a barrel by 0002 GMT, with WTI crude futures down 22 cents at $93.67 a barrel

Oil prices fall as China slowdown spurs concern over demand outlook

Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing's preference for mobility curbs to tackle Covid-19

Markets posts biggest weekly gain in two months as benchmarks add 3% each

Softening bond yields, moderation in FPI selling boost sentiment; both indices are now up 6% from year's low, but still down over 12% from their record high levels seen last October

Benchmark indices extend winning streak as commodity prices moderate

Buying in IT stocks - spurred by a global trend - accounted for the bulk of the gains in the benchmark indices

Rupee set to weaken beyond 80 per dollar due to rising crude prices: BofA

The currency has already slumped more than 5% this year as Russia's invasion of Ukraine sent Brent crude surging to almost $140 a barrel in March

Oil prices rise in early trade on market caution over supply concerns

Oil prices rose 1per cent in early trade on Tuesday, clawing back more of last week's losses as the focus returned to tight supply of crude and fuel products

Oil prices jump in early trade after Saudi Arabia hikes crude prices

Oil prices rose more than $2 in early trade after Saudi Arabia raised prices sharply for its crude sales in July

Adanis commit $75 million in Borouge's $2-billion IPO, says report

Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO

Equity MFs inflows dip 44% month-on-month in April as volatility bites

Geopolitical tension due to Russia- Ukraine war, concerns over surging crude prices and uptick in domestic inflation have weighed on market performance in recent months

Rupee advances to 75.91 against US dollar on low crude prices

On Friday, the rupee appreciated by 10 paise to settle at 75.93 against the US dollar

Fuel prices will need to be raised by 15% to reflect int'l crude prices

Retail fuel prices have not been marked to market for a few months and should be increased by around 15% to reflect current international crude prices, Morgan Stanley said in a report.

Brent crude up $10, shares sink as Russia-Ukraine conflict deepens

The price of oil jumped about USD 10 a barrel and shares were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Brent crude oil surged more than 12 per cent during the day in Asia, while benchmark US crude gained about USD 10 at more than USD 125 a barrel. The latest market turmoil followed a warning from Russian President Vladimir Putin that Ukrainian statehood was imperiled as Russian forces battered strategic locations. A temporary cease-fire in two Ukrainian cities failed over the weekend and both sides blamed each other. France's CAC 40 dipped 3.6 per cent in early trading to 5,841.82, while Germany's DAX lost nearly 4.1 per cent to 12,564.78. Britain's FTSE 100 dropped 2.0 per cent to 6,848.87. U.S. shares were set to drift lower with Dow futures down 1.6 per cent at 33,048.00. S&P 500 futures fell 1.7 per cent to 4,252.00. The price of gold, which is viewed as an investor safe haven in times of crisis, ...

Saudi Arabia may raise March crude oil prices for Asia on robust demand

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil.

Rising crude prices drive up bond yield, threaten to derail fiscal maths

High oil prices also feed into inflation, necessitating the central bank to be more hawkish in its monetary policy than it so far it has conducted itself

Oil benchmarks settle at highest since 2014 on global supply shortage

Analysts expect the latest weekly US oil inventory data to show a 1.9 million-barrel build in crude stocks

Rupee recovers 15 paise to 75.37 on weak dollar, lower crude prices

The rupee on Wednesday rebounded by 15 paise to close at 75.37 against the US dollar following a rally in domestic equities and weak American currency in the overseas markets. In addition, lower crude prices and a benign retail inflation in September also supported the rupee sentiment, forex dealers said. At the interbank forex market, the rupee opened strong at 75.29 against the greenback. During the session, the domestic unit swung between 75.19 and 75.51. On Tuesday, the rupee had closed at 75.52 against the dollar. Retail inflation fell to a five-month low of 4.35 per cent in September from 7.27 per cent in the year-ago period as prices of vegetables and other items declined. "India's CPI fell to a five-month low in September at 4.35 per cent, well within RBI's comfort zone of 2- 6 per cent, providing RBI scope to continue with its accommodative policy stance to achieve sustainable economic recovery," Kaynat Chainwala - Fundamental Research Analyst Currencies, Anand Rathi, ...