Page 41 - Crude Oil Price

At Rs 105.52 a litre, faraway depots make Sri Ganganagar's petrol costliest

High VAT, freight costs push petrol up to Rs 105.52/ litre, diesel Rs 98.32/ litre

OPEC wins, the West loses

Judges, investors force oil firms towards low-carbon future

OMCs pay 73% higher excise duty even as crude oil prices decline

The top four OMCs paid all-time high excise duty of Rs 2.87 trn in FY21, up from Rs 1.66 trn in FY20

Oil prices little changed as Iran concerns offset rosy demand outlook

Brent crude futures for July fell 9 cents, 0.1%, to $69.37 a barrel, while US West Texas Intermediate crude for July was at $66.90 a barrel, up 5 cents, or 0.1%

Oil stocks are the best cyclical, economy reopening bet: Chris Wood

Global markets, according to a note by Goldman Sachs, are currently underestimating the demand for oil

Brent nudges towards $70 a bbl on rosy US data, oil demand outlook

US inflation data will be released later in the day on Friday

Oil steadies on stronger demand outlook as US inventories decline

Brent rose 16 cents, or 0.2%, to $68.81 a barrel by 11:20 a.m. EDT (1520 GMT), and US West Texas Intermediate (WTI) crude was up 11 cents, or 0.2%, at $66.18 a barrel

Oil prices steady as demand optimism offsets worries of Iranian supply

Brent rose 13 cents, or 0.2%, to $68.78 a barrel by 0928 GMT

Markets underestimating oil demand; see Brent at $80: Goldman Sachs

International travel, according to Goldman Sachs is another key factor that is likely to trigger a demand rise, which in turn will keep oil prices elevated

Oil marketing firms: Gross refining margin, demand remain under pressure

Q4 numbers were boosted by inventory gains

Oil prices up over $1 as potential snag emerges in reviving Iran deal

Former President Donald Trump withdrew the United States from the deal in 2018 and re-imposed sanctions.

Oil to stay below $70 per barrel if Iran sanctions lifted, says HPCL

India, the world's third largest oil consumer and importer, halted oil imports from Tehran in 2019 as a temporary waiver granted to some countries expired

Oil set for weekly loss on possible Iran supply after nuclear talks

Iran and world powers have been in talks since April on reviving the 2015 deal

India to look to OPEC once oil demand recovers after Covid second wave

India's oil demand growth is set to be just 350,000 barrels per day (b/d) in 2021, according to S&P Global Platts Analytics, given extreme consumption weakness in April and May

Oil slides from 2-month high on report of potential Iran nuclear deal

NEW YORK (Reuters) -Oil slid nearly 2% on Tuesday, tumbling from a two-month high, after media reports said the United States and Iran have made progress on reviving a deal restricting Iran's nuclear weapons development, that could release more barrels into the market.

Gold scales a near four-month high; Brent crude tops $70 a barrel

Gold in Delhi rose by Rs 333 to Rs 47,833 per 10 gram in line with a rally in the global precious metal, according to HDFC Securities

Oil hits $70 for first time since March 15 as Europe, US re-open economies

Europe, US reopening optimism offset by pandemic concerns in Asia; speculation of Iran nuclear deal revival limits upside

Oil extends gains as US, European reopenings outweigh fear of Asia demand

Brent crude oil futures were up 20 cents, or 0.3 per cent, at $69.66 a barrel by 0231 GMT, while West Texas Intermediate (WTI) was up 19 cents, or 0.3 per cent, at $66.46 a barrel

WPI inflation hits double digits in April at 10.49%; crude prices harden

The wholesale price-based inflation shot up to an all-time high of 10.49% in April, on rising prices of crude oil and manufactured items

Platts cuts India's 2021 oil demand by 28%; sees crude topping $70

However, once the lockdowns are lifted, Platts expects the pent-up demand to get released, which in turn will act as a catalyst for economic growth