Page 54 - Crude Oil Price

Economy may witness more pain as workers return and remittances fall

Getting back to their jobs abroad is uncertain for most workers now. This is particularly true for the Gulf region, from where over 60 per cent of India's remittances flow in

India to post current account surplus this fiscal, first since FY04: Report

After many quarters, the economy logged in a marginal current account surplus in June quarter at 0.1 per cent or $600 million as against a deficit of $4.6 billion or 0.7 per cent of GDP in FY19

Outlook on Gold, Silver and Crude by Bhavik Patel of Tradebulls Securities

On MCX, next target for Gold comes around Rs 52,000 where it will see some pullback as it has rallied one way in relative short period of time

Oil steady as vaccine news counters rise in coronavirus cases, fuel demand

Brent futures were up 15 cents, or 0.4 per cent, at $43.43 by 0117 GMT, while West Texas Intermediate (WTI) edged up 2 cents to $40.83

Chevron to buy Noble Energy for nearly $5 billion in rare oil-bust deal

The deal will grow Chevron's shale presence in both the Permian Basin and the Denver-Julesburg Basin in Colorado.

Oil prices fall after OPEC raises crude output as US Covid-19 cases surge

Both benchmarks rose 2% on Wednesday following a sharp drawdown in US crude inventories

Crude oil prices ease after Opec+ agrees to relax output curbs next month

Futures in New York dropped below $41 a barrel, though the more global Brent benchmark's structure firmed on signs of tightness in physical markets.

Crude oil prices remain stable despite surge in global Covid-19 cases

The World Health Organization reported a record daily increase in global coronavirus cases on Sunday, with the total up by more than 230,000.

Oil prices climb more than 2% on improved forecast for demand recovery

Prices also found support after data showed US energy firms cut the number of oil and natural gas rigs operating to a record low for a 10th week in a row

Oil prices steady as economic data overshadows coronavirus worries

Brent crude futures settled at $43.08 a barrel, down 2 cents in the session. US West Texas Intermediate settled down 1 cent at $40.62 a barrel.

Oil steady as hopeful economic data face spike in coronavirus cases

Brent crude settled at $43.10 a barrel, up 30 cents.

Crude oil can hit $50/bbl in 2021; gas demand to pick up in India: Analysts

Currently, Brent prices are hovering around the $42/barrel mark

Investors should be cautious on gold after recent rally: Tradebulls Sec

The US non-farm payroll data later in the day could either make gold break the $1,800 level and start fresh momentum on the upside or make the intermediate top

Opec cuts output to lowest since 1991 as coronavirus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month, according to the survey.

ONGC posts loss of Rs 10,529 cr in Q4 over falling crude prices, lockdown

The company's revenue from operations declined by 7 per cent to Rs 104,489 crore for the period under review, compared to Rs 112,539 crore in Q4FY19.

Shell plans to slash value of its oil & gas assets by up to $22 billion

The writedown announcement came after Shell cut its forecast for energy prices into 2023 on expectations that sales will only recover slowly after the pandemic

Oil gains on growing fuel demand, even as coronavirus cases surge worldwide

Analysts said satellite data showing a strong pick-up in traffic in China, Europe and across the United States pointed to an improvement in fuel demand

India's May crude oil imports post biggest decline since at least 2005

Crude oil imports fell to 14.61 million tonnes, it's lowest since 2015, Petroleum Planning and Analysis Cell data showed on Friday

GAIL, Adani, Petronet LNG join IGX; gas price of $4.07 per unit discovered

Launched on Monday, the platform - set up by the Indian Energy Exchange - has so far traded 100 mmBtu gas.

BP wipes up to $17.5 billion from assets with bleaker oil outlook

Like its rivals, the British oil major is set to take a big hit to revenue from an unprecedented collapse in demand due to the pandemic.