Page 35 - Crude Oil Price

Crude prices expected to remain elevated in medium term: HDFC Securities

Global crude oil prices are expected to remain elevated in medium term, said HDFC Securities.

Petrol, diesel prices rise to new record highs as rates hiked again

Petrol and diesel prices soared to new record highs across the country on Saturday after rates were hiked again by 25 paise and 30 paise a litre, respectively. The price of petrol in Delhi rose to its highest ever level of Rs 102.14 a litre and to Rs 108.19 in Mumbai, according to a price notification of state-owned fuel retailers. Diesel rates too touched a record high of Rs 90.47 in Delhi and Rs 98.16 a litre in Mumbai. Prices differ from state to state depending on the incidence of local taxes. The price hike follows international oil prices soaring to near three-year high as global output disruptions forced energy companies to draw more crude oil out of their stockpiles. The basket of crude oil India imports has averaged USD 78 per barrel in last few days. The fourth increase in its rates this week has sent petrol prices above Rs 100 in most major cities of the country. Similarly, the seventh increase in prices in nine days has shot up diesel rates above Rs 100 mark in sever

Saudis triumph in oil market with comeback from Covid-19 crisis

Eighteen months after slashing crude production during the pandemic, Riyadh is set to pump at almost pre-Covid levels of 9.8 million barrels a day this month

OPEC+ considers options for releasing more oil to the market: Sources

The nearest month any increase could occur is November since OPEC+'s last meeting decided the October volumes

Petrol, diesel prices rise again amid volatility in global oil market

In Mumbai, the petrol price increased by 21 paisa per litre to Rs 107.99 per litre, while diesel rates rose to about Rs 97.80 a litre

Earnings of cement, FMCG, aviation cos at risk as oil, coal prices rise

In a recent report, analysts at Goldman Sachs suggested they see Brent crude oil prices at $90 per barrel by December 2021 on the back of a larger-than-expected demand-supply deficit

F&O Expiry: Sensex drops 286 pts, Nifty holds 17,600; India VIX eases 2%

Stock Market LIVE: The HDFC twins and Bajaj Finance are the major contributors for the Sensex 30, while Reliance Industries, ICICI Bank, Asian Paints and Infosys are the key draggers

Diesel at record high, petrol nears all-time high as rates hiked again

Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a litre respectively

Explained: Global energy shortage or a coincidence of regional crises?

Gasoline stations running dry in Britain. Power costs surging in the European Union ahead of winter. Forced restrictions on energy use in China. And rising prices for oil, natural gas and coal

Sharp rise in natural gas prices, power outages worsen inflation worries

Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday

Commodity price surge deals stagflationary blow to world economy

Rising costs for households and companies are hitting confidence while pushing inflation faster than economists had expected only a few months ago

Global energy crunch: Oil prices soar above $80 for first time in 3 years

Natural gas and coal prices rally to record peaks as traders brace for winter crunch

Petrol, diesel prices hiked; more to come as crude nears $80/barrel

Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 25 paise as international oil prices neared USD 80 per barrel mark for the first time in three years. The price of petrol was hiked to Rs 101.39 a litre in Delhi from Rs 101.19 and to Rs 107.47 per litre in Mumbai, according to a price notification of state-owned fuel retailers. Diesel rates went to Rs 89.57 a litre in Delhi and Rs 97.21 in Mumbai. Prices differ from state to state depending on the incidence of local taxes. This is the first price increase in petrol in more than two months and the fourth in case of diesel. The increase followed international oil prices rising for the fifth consecutive day and global benchmark Brent heading for USD 80 per barrel. Tuesday was the first increase in petrol price since state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) on September 24 resumed daily price revisions, ending the pause in rates that had effected s

Goldman expects oil prices to hit $90 by year-end as supply tightens

Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80

Energy shares lead charge as crude oil prices soar to 3-year highs

Oil shares lead charge as crude hits new 3-year highs

Oil falls from two-month high as fears from Evergrande crisis loom

Futures in London fell after earlier touching their highest level since July 14

ONGC surges 6%, hits 22-month high on improved outlook; Oil India up 7%

The recent outperformance of oil & gas stocks brings the focus to ONGC, which has so far been unable to replicate the gains seen by the rest of its peers

Oil prices down on stronger greenback, rising US rig count

Oil prices fell on Monday, extending losses from Friday after the U.S. dollar jumped to a three-week high and the U.S. rig count rose

Aviation stocks flying high but crude oil prices may be a dampener

IndiGo hits a lifetime high on expectations of recovery, market share gains

Fuel prices stable for fortnight amidst volatility in global oil market

Auto fuel prices in the country have maintained stability amidst volatility in global oil prices with crude on the rise again.