Page 57 - Crude Oil Price

MCX asks software vendor to enable negative price trading after broker ire

Exchange says cannot ascertain the date by which this would be achieved at this point in time

Crude collapse and the price disconnect

It is true that crude oil prices globally are under pressure due to excess supply and poor demand, thanks to the Covid-19 pandemic

Covid-19 impact: India crude oil production plummets 5.5% in March

The cumulative crude oil production during 2019-20 was 32.1 million tonne, 5.95 per cent lower than production of 34.2 mt during the corresponding period of last year

Indian refiners export diesel to China as Beijing recovers from Covid-19

China is seeing a demand recovery in infrastructure and manufacturing sectors. Countries, like South Korea and Japan, have also placed quotes for importing petroleum products from India amid lockdown

Best of BS Opinion: War with the virus, Jio-Facebook deal, and more

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

Indian crude oil basket follows global trajectory, falls to record low

The March average of Indian Basket price was lowest in the last 15 years at $33.36 a barrel last month

Brokerages drag MCX to HC over negative price settlement of crude

The three commodity brokers that have filed separate petitions against MCX and Sebi in include Motilal Oswal Financial Services, PCS Securities, and Religare

The oil glut

The crash in futures may not benefit India

Brent oil futures plunge again as growing glut feeds market panic

Monday and Tuesday have been two of the most turbulent days in the history of oil trading, as investors confronted the reality that worldwide supply will overwhelm demand for months or years

MCX creates history of sorts, settles April crude oil contract in negative

Chances of huge defaults by investors, many of whom are retail traders gone long; On Nymex, there were actual trades in minus in which sellers were actually paying buyers to lift stocks

Crude oil slump triggers a sell-off in domestic stocks, currency

Sensex falls 1,011 points, Nifty closes below 9k

How Covid-19 spoilt the oil bonanza

Conventional wisdom is that when crude oil prices drop, India benefits as it is dependent on imported oil to the tune of about 85 per cent of its total consumption

Transporters demand reduction in fuel prices amid Covid-19 lockdown

AIMTC said Covid-19 and the lockdown have hit the transport sector adversely, and exerting acute pressure on the sector.

Demand recovery, storage facility ramp up key for sanity in crude oil price

On Monday, the front-month US WTI benchmark crashed into negative territory for the first time ever in history

Oil firms float finished fuel products on Arabian Sea as demand slumps

They're running out of storage space on land and their refineries are running only at 50% of capacity; US Oil futures touch an unprecedented negative pricing

Shale holdings of RIL, GAIL come under pressure amid oil price crash

Though WTI recovered, investment in alternative fuels like shale has become unviable.

OMCs on stronger wicket, oil producers stare at losses as crude plunges

Refiners like Reliance Industries may also see inventory losses adding pressure on already weak refining margins

Explained: What is negative crude future and how does it affect consumers?

The price of a barrel of crude varies based on factors such as supply, demand and quality. Supply of fuel has been far above demand since the coronavirus forced billions of people to stop traveling

Crude oil edges above $0 per barrel, recovers after record wipeout

US crude oil futures collapsed below $0 on Monday, for the first time in history, ending the day at a stunning minus $37.63 a barrel amid coronavirus-induced supply glut

Wall Street drops on oil price crash, earnings anxiety; Dow falls over 1%

Energy stocks shed 1.9% and were on track for their sixth slide in seven sessions as the front-month May US West Texas Intermediate (WTI) contract plunged more than 50%