Page 58 - Crude Oil Price

Boon and bane: 6 ways in which lower oil prices will impact Indian economy

Prices are unlikely to breach the $40-a-barrel, and even when the world has fixed the disease it may double down on kicking its oil habit. Six factors that help and hurt India when oil is in plenty

Gold prices rises 1% as global recession fears trigger flight to safety

US retail sales plunged 8.7% last month, the biggest decline since the government started tracking the series in 1992, while manufacturing output fell by the most in 74 years

Exports fall at fastest pace in 25 years in March amid Covid-19 outbreak

According to data released by the commerce and industry ministry, exports stood at just $21.4 billion in March, as massive broad-based decline plagued all major foreign exchange earning sectors.

Total oil curbs could remove 19.5 mn barrels from market every day: Saudi

The OPEC+ alliance, led by Riyadh and Moscow, agreed on Sunday to slash daily production by 9.7 million bpd over the next two months

OMCs, aviation, paint stocks drop as crude oil prices rise post OPEC+ deal

The group, known as OPEC+, said it had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June.

Oil price war ends with historic OPEC+ deal to cut global crude output

The slash is about 10% of global supply

Mexican standoff throws proposed 10 mn-barrel OPEC+ oil cut in doubt

The cartel, Kuwait and Saudi Arabia say Mexico's refusal to agree blocked the proposed accord

Petrol, diesel demand slumps 66%; ATF down 90% as lockdown hurts business

The country's petroleum product consumption fell 17.79 per cent to 16.08 million tonnes in March as diesel, petrol and ATF demand fell

Brent can jump to $40 by 2020-end; India should stockpile crude oil now

While India will fill its caverns with crude, the lack of space means it's also an opportunity lost.

Covid-19 lockdown: Fuel demand likely to slip 40% in April, says report

India is the world's third-largest energy consumer but the Covid-19 lockdown has shut businesses, suspended flights, stopped trains and brought almost the entire vehicular movement to a halt

India ports at sea: Cargo handling sinks as coronavirus scuttles economies

Cargo handling at major ports grew 2.8% in FY19, but it grew just 1.4% in FY20 till February end

Coronavirus outbreak: India tally jumps to 2,547 with 478 new cases

The number of active cases stands at 2,322, while 162 people were either cured or discharged and one had migrated, the ministry stated.

Crude jumps 26% on MCX, bullion gains on hope of end to Saudi-Russia rift

The two nations are meeting next week to work out a possible output cut

Nifty posts 6.7% weekly drop as investors continue to fret over Covid-19

Investors were left disappointed after Prime Minister Narendra Modi in his video message refrained from offering any measure to help repair the economy

Volatility in oil prices, uncertain petroleum demand impacting Indian OMCs

An output cut, at best, will put a floor to the falling crude prices, but it may not stabilise demand-supply dynamics.

As global gas prices crash, traders turn ships into floating storage

But while crude can sit for months or even years in a tank, super-chilled LNG tends to evaporate even in the specialised vessels that handle it.

Sovereign wealth fund holdings under heavy pressure as oil prices crash

The share of such funds among overall foreign holdings had risen over the last 18 months

Currency conundrum

RBI has done well to contain excess volatility

HPCL, BPCL, Indian Oil poised for gains with oil prices at 18-year low

HPCL, with higher proportion of retail sales, may benefit more from improvement in marketing margins

Brent tumbles to lowest since 2002, US crude dips below $20 per barrel

With Saudi Arabia and Russia set to flood the market with oil next month, producers and shippers have been scrambling to lock oil up in storage as demand falls.