Page 6 - Crude Oil Price
Here's why MCX Crude Oil can crack to Rs 4,800-level; Natural Gas Rs 280
The MCX Crude Oil and Natural Gas futures seem to be placed on a slippery ground on multiple time-frames, as per the charts.
 "Here's why MCX Crude Oil can crack to Rs 4,800-level; Natural Gas Rs 280")
European sanctions on Russian oil lead to a traffic jam on Turkey's coast
The government in Ankara is insisting the ships have a letter from their insurer guaranteeing cover while in Turkish waters -- something that's yet to happen
 "European sanctions on Russian oil lead to a traffic jam on Turkey's coast")
Europe's new tranche of sanctions on Russian oil kick in: What changes?
Russia has consistently said it won't sell oil to countries that participate in the price cap
 "Europe's new tranche of sanctions on Russian oil kick in: What changes?")
India's existing deep discounts on Russian crude oil will stay: Officials
A record 24.8 percent of India's crude oil imports came from Russia in the April-September period
 "India's existing deep discounts on Russian crude oil will stay: Officials")
Crude one-upmanship: G7 oil price cap on Russia turns on the US tap
The US shipped a record 450,000 barrels/day to India in November
 "Crude one-upmanship: G7 oil price cap on Russia turns on the US tap")
Russia refuses to accept EU's price cap of $60/barrel on crude oil
Russia refused to accept a price cap on Russian oil which European Union along with G7 and others have set a deal for a $60 per barrel, Kremlin Spokesman Dmitry Peskov said
 "Russia refuses to accept EU's price cap of $60/barrel on crude oil")
Oil price cap looks set to keep Russian oil flowing even as war continues
Lavrov said the cap was irrelevant, the strongest hint yet of a possible softening. With such a generous cap, buyers and sellers can easily claim it's just business as usual
 "Oil price cap looks set to keep Russian oil flowing even as war continues")
Oil prices edge higher on easing China curbs, firm dollar limits gains
China is set to announce an easing of its Covid-19 quarantine protocols in coming days and a reduction in mass testing
 "Oil prices edge higher on easing China curbs, firm dollar limits gains")
Shipping costs for Russian crude skyrocket ahead of more sanctions by EU
The surge in costs reflects the challenges faced by suppliers of Russian crude ahead of the deadline when the EU, including some of the world's top tanker owners
Oil price edges higher on tight supply, China demand recovery optimism
Oil prices nosed ahead in early Asian trade, lifted by signs of tighter supply and by optimism over a Chinese demand recovery
 "Oil price edges higher on tight supply, China demand recovery optimism")
Indian markets log new highs even as global peers stare at losses
Experts say gains by Indian equities will be steady if is no crude oil price surge
 "Indian markets log new highs even as global peers stare at losses")
Sensex hits 63K, gains 418pts; Nifty ends at record high of 18,750
CLOSING BELL: The S&P BSE Sensex scaled a new summit at 63,303, and settled above 63,000-mark for the first-time ever. The Nifty 50 hit a new all-time high at 18,816 on Wednesday.
 "Sensex hits 63K, gains 418pts; Nifty ends at record high of 18,750")
Oil up as US crude stocks seen falling, OPEC+ concerns limit gains
Brent crude futures firmed 95 cents or 1.14% to $83.98 per barrel by 0411 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 80 cents or 1.02% to $79.00 per barrel
 "Oil up as US crude stocks seen falling, OPEC+ concerns limit gains")
Crude oil prices can rise up to $110 a barrel in 2023, say analysts
Brent crude oil prices have slipped nearly 15 per cent in the last few weeks, from a peak of around $98 a barrel to a little over $83 a barrel now despite OPEC+ cutting supply
 "Crude oil prices can rise up to $110 a barrel in 2023, say analysts")
India panel to favour linking local gas prices to crude basket: Report
In September India set up a panel headed by energy expert Kirit Parikh to review the India's gas pricing formula to ensure fair prices to consumers
 "India panel to favour linking local gas prices to crude basket: Report")
Oil prices slide on concerns over China's demand amid Covid curbs
Brent crude futures fell 45 cents, or 0.5%, to trade at $82.74 a barrel at 0113 GMT. U.S. West Texas Intermediate (WTI) crude futures dropped 51 cents, or 0.7%, to $76.73 a barrel
 "Oil prices slide on concerns over China's demand amid Covid curbs")
Stocks, oil skid sharly today as China's Covid protests roil sentiment
China, the world's top oil importer, has stuck with zero-Covid policy even as much of the world has lifted most restrictions
 "Stocks, oil skid sharly today as China's Covid protests roil sentiment")
Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall
CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent
 "Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall")
F&O expiry: Sensex ends at record closing peak, up 762pts; Nifty near 18500
CLOSING BELL: A surprise dovish tone by the US Federal Reserve, where it said that the central bank is looking to slow the pace of rate hike, cheered market bulls
 "F&O expiry: Sensex ends at record closing peak, up 762pts; Nifty near 18500")
As Russia becomes India's premier oil supplier, Saudi is not losing sleep
Despite losing its place to Russia in India, the world's third biggest oil importer, the kingdom is confident it holds the cards for crude supplies in the long term
 "As Russia becomes India's premier oil supplier, Saudi is not losing sleep")
