Page 4 - Crude Prices

Oil prices settle up 1.5%; hits multi-year highs on surging demand

Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China

Inflation fears, crude price spook markets, Sensex, Nifty fall nearly 1%

FPIs sold shares worth Rs 803 crore on Wednesday, taking their two-day selling tally past the Rs 2,000-crore mark

WPI inflation eases to 11.16% in July as food and crude prices soften

WPI inflation remained in double digit for the third consecutive month in July, mainly due to a low base of last year.

Oil prices fall on US crude stock build, Covid-19 Delta variant spread

Traders noted the oil price drop came despite reports of increased Mideast geopolitical tensions

Global stocks mostly follow crude, yields lower; tech shakes it off

Global stocks mostly fell Tuesday along with bond yields and crude prices, as China's latest tech crackdown and expectations of a hawkish Fed report waved red flags at investors

Brent could touch $80 as economic recovery picks up: Emkay Wealth

The rise, however, could be capped if the dollar strengthens against major currencies

Oil prices rise to 8-week high on demand hopes; US export decline

Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand

Saudi Arabia expected to cut June crude prices for Asia: Survey

Saudi Arabia is expected to cut its official selling prices for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional Covid-19 outbreaks

OPEC president says oil market rebalancing, pandemic still a risk

OPEC and other key exporters such as Russia, a grouping dubbed OPEC+, meet on Thursday and are expected to discuss allowing as much as 1.5 million barrels per day (bpd) back into the market

Oil steadies below $52 as US' $900 bn stimulus counters weak demand

Brent crude was up 6 cents, or 0.1%, at $51.35 a barrel at 1450 GMT, after trading as high as $52.02 earlier in the session

Crude price rally to benefit Indian equities in the near term

There is a positive correlation between oil prices and Nifty50 over past 5 years

India asks OPEC to correct anomalies in crude price for different regions

India said oil-cartel OPEC needs to address anomalies in the crude price differential for different regions.

Spike in sovereign wealth funds' Indian market holding belies sell-off buzz

Holdings in Indian equities are higher now than before the pandemic took hold

ONGC pre-tax profit down 82% to Rs 2,012 cr in Q1 on low crude, gas prices

Gross revenue for the quarter at Rs 62,496 crore, down 43% from Rs 1,09,546 crore during the first quarter of FY20

Demand dip amid Covid-19, low crude prices may cut India's oil bill by 40%

For India, lower oil prices act as big incentive as the country depends on imports to meet 86% of its requirements

Oil slips 2% as resurgent Covid-19 makes investors worry about US demand

Brent crude futures fell 85 cents, or 2 per cent, to $42.44 a barrel by 12:58 p.m

Crude oil prices surge as demand shows signs of recovery from Covid-19

US crude up 19.7% in the week, Brent adds 5.2 per% after a week of bullish news. Both contracts gain for third straight week

Vedanta stake sale of $1-bn oil unit stalled after crude collapse: Report

While the stake sale talks could resume when oil prices stabilise, Vedanta may also explore other fundraising options to reduce its debt, people in the know said.

Religare, other brokers follow Motilal Oswal, sue MCX over crude oil issue

Cases filed in high courts of plaintiffs' jurisdiction, exchange files caveat pledging opportunity for hearing

Govt plans another excise hike on petroleum products to offset revenue loss

No immediate hike, marginal increase likely to be implemented only after lockdown is lifted