Page 56 - Crude Oil Price

Oil prices rise on dip in US crude stockpiles and IEA data forecast

Crude prices have ticked up in the last two weeks as some countries relaxed coronavirus restrictions to allow factories and shops to reopen

Saudi Aramco plans $75-billion dividend even as profit plunges 25%

Saudi Aramco, the world's most valuable listed company, will pay a dividend of $18.75 billion for the first three months of 2020.

Crude oil may struggle to top $40/barrel mark despite a glimmer of optimism

S&P Global Platts Analytics estimates gasoline demand destruction in the broader Asian region, excluding China, probably peaked in April, with a year-on-year decline of 17% or 700,000 barrels per day

MCX prepares for negative trading in all commodities after crude oil row

After crude oil last month, market fears natural gas may also see negative price trading: exchange announces special auction window for exit opportunity

Aramco may cut govt payout as drop in oil prices hits first-quarter profits

Saudi Arabian Oil Co., as the company is formally known, pledged an annual dividend of $75 billion for the first five years to attract investors to its initial public offering in December last year

Oil drops 4% to below $30 a barrel as glut grows, output cuts eyed

Signalling a slow recovery in demand, data from the Energy Information Administration showed US crude and distillate inventories rose last week.

Centre raises excise duty on petrol by Rs 10 per litre, diesel by Rs 13

No change in retail prices as oil marketing firms to absorb increase

India benefits from low-cost oil, fills 32 mn tonnes of commercial storage

India, the world's third biggest oil importer, buys over 80% of its oil needs from overseas markets. The nation has annual refining capacity of about 250 million tonnes

Soft crude oil prices to lower working capital requirement of OMCs

According to CARE Ratings, the impact of a fall in crude oil price owing to the coronavirus (Covid-19) pandemic on the domestic downstream sector would not be as severe as it is on the upstream sector

MCX offers chance to exit trading if crude oil price slips into negative

Asking members and clients to be extra cautious while dealing in crude oil, the exchange has said trading will be halted if the trading price falls to Re 1

State refiners fill up India's strategic reserves with spare crude oil

Buying more crude to fill strategic capacity will benefit India as international crude oil prices are falling

Covid-19 impact: Tanker rates boom as demand for oil storage surges

Vessel charges jump up to seven times to $160,000-170,000 per day since February

Covid-19: Lockdown leaves Chhattisgarh petrol pumps battling for survival

The consumption of petrol and diesel in the state has fallen sharply to about 1.2 million litres from 5.5 million litres

New-age brokerages rework risk management policies to tide over volatility

While some have restricted intra-day leverages given to clients for trading, others have stopped trading in illiquid scrips

Brokerages discourage trading in crude oil till volatility subsides

MCX is considering interim measures to handle negative pricing on Nymex and the impact on its platform

Statsguru: Why crude oil went berserk last week and is it just a blip?

Oil traded at a negative price on a one-month West Texas Intermediate futures contract, but it didn't for successive months' futures contracts

How US could use taxpayer dollars to save oil and energy companies

The US federal government could use some of the $2.6 trillion coronavirus rescue legislation, or other options to help the industry

Textile units to see 25% spike in production costs due to Covid compliance

Some plan to operate at 50% capacity, due to huge inventory piled up with distributors and retailers before the lockdown

Deep Dive with AKB - Oil's great slide: What this means for India

So what has happened lately to cause such a massive drop? How bad is the global outlook? And what does all this mean for India, which is a major importer of petroleum products? Let's take a Deep Dive

Best of BS Opinion: Coronavirus outbreak, oil market collapse, and more

Here's a selection of Business Standard opinion pieces of the day