Page 4 - Brent Crude Oil
Oil prices hit 14-year high on Russia oil ban talks, Iran crude deal delay
Oil prices jumped on Monday to their highest levels since 2008 as US, European allies considered banning Russian oil imports while it looked less likely that Iranian oil would return to global markets
 "Oil prices hit 14-year high on Russia oil ban talks, Iran crude deal delay")
Sensex, Nifty drop over 2.3% as Brent crude oil touches 14-year high
Sensex falls nearly 1,500 points with financial stocks being biggest drag
 "Sensex, Nifty drop over 2.3% as Brent crude oil touches 14-year high")
Brent spikes to $139 on prospect of Russia oil ban, delay in Iran deal
Brent, WTI jump to highest since 2008; US, European allies discuss banning imports of Russian oil
 "Brent spikes to $139 on prospect of Russia oil ban, delay in Iran deal")
Brent tops $130. Fuel hike on cards? Trading strategies for RIL, ONGC, OMCs
ONGC is set to gain another 12 per cent in the upcoming sessions, while other oil related stocks show weakness.
Inflation woes! Rate sensitive indices slump 5%; 18 stocks hit 52-week lows
Nifty Auto, Nifty Realty, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indices were down in the range of 4 per cent to 5 per cent on the NSE.
 "Inflation woes! Rate sensitive indices slump 5%; 18 stocks hit 52-week lows")
ONGC surges 5%, stock nears 52-week high as crude oil soars to a 14-yr high
Sustained higher crude oil prices and gas realisations can result in better profitability for ONGC.
 "ONGC surges 5%, stock nears 52-week high as crude oil soars to a 14-yr high")
Soaring crude oil price makes air travel dear
The price of jet fuel hit an all-time high last week after a fifth round of increase this year. The airline industry decided to pass on the burden to fliers with a hike of about 20% in airfares.
 "Soaring crude oil price makes air travel dear")
Brent Crude goes over $130 per barrel surpassing top 2012 mark
The price of Brent crude oil went over $130 per barrel in the early hours of Monday, surpassing the top 2012 mark of over $128.
 "Brent Crude goes over $130 per barrel surpassing top 2012 mark")
Asian Paints tanks 15% in 3 days, nears 52-week low on margin worries
The steep and unprecedented inflationary trend in raw material prices continued to impact the gross margins.
 "Asian Paints tanks 15% in 3 days, nears 52-week low on margin worries")
Ukraine war, oil prices may force RBI to re-think rate hike cycle: Analysts
The Budget and RBI's last policy took a conservative estimate of crude prices $75 per barrel. This is likely to be a challenge going forward, economists say
 "Ukraine war, oil prices may force RBI to re-think rate hike cycle: Analysts")
Brent touches nine-year high of $118, supply issues roil oil markets
Brent crude oil price soared past $118 a barrel on Thursday, the highest level in nine years, as escalated Russia-Ukraine conflict and tightened sanctions on Moscow by western countries
 "Brent touches nine-year high of $118, supply issues roil oil markets")
Brent crude breaches $111 mark, highest in 8 yrs, amid Ukraine war
Lower supplies as well as hostilities between Russia and Ukraine pushed Brent crude oil price to nearly an 8-year high on Wednesday.
ONGC, Oil India surge 10%; gain up to 41% in 6 months on high oil prices
Earnings outlook for upstream PSUs has improved considerably given the recent rise in crude oil prices above $90/bbl mark and expectation of a further steep hike in domestic gas price over H1-H2FY23
 "ONGC, Oil India surge 10%; gain up to 41% in 6 months on high oil prices")
Ukraine crisis: Crude price may stay around $100 for 3 months, says CAPA
Bad news for airlines as fuel accounts for 40% of expenses. On Tuesday, OMCs hiked ATF price by 8.7% to Rs 93,530.6 a kilolitre. On a year-on-year basis ATF is up by 57%
Brent crude breaches $100 per barrel mark again amid Russia-Ukraine crisis
For India, the price range is a cause of concern as it may add Rs 8 to Rs 10 in petrol and diesel selling prices, if the OMCs decide to revise the current prices
 "Brent crude breaches $100 per barrel mark again amid Russia-Ukraine crisis")
Rising oil can burn Rs 1-trillion hole in govt coffers in FY23: SBI report
Based on the existing value-added tax (VAT) structure and taking Brent crude price of $100 - $110 per barrel, SBI believes diesel and petrol prices should have been higher by Rs 9-14 each by now
 "Rising oil can burn Rs 1-trillion hole in govt coffers in FY23: SBI report")
Russia-Ukraine crisis: India economy to be among worst hit in Asia - Nomura
A sustained rise in oil, food prices would have adverse impacts on Asia's economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said
 "Russia-Ukraine crisis: India economy to be among worst hit in Asia - Nomura")
Oil crosses $105 a barrel, hits 8-year high as Russia attacks Ukraine
The United States and Europe have promised the toughest sanctions on Russia in response
 "Oil crosses $105 a barrel, hits 8-year high as Russia attacks Ukraine")
Brace for higher commodity prices as Russia invades Ukraine: Analysts
Key commodities such as crude oil, ammonia, urea, potash, and phosphates could move higher over the next few weeks.
 "Brace for higher commodity prices as Russia invades Ukraine: Analysts")
As Brent crude inches towards $100 mark, what does it mean for the world?
Average natural gas prices in January and February highest in the last nine years
