Additional revenue will help govt meet its FY21 target of bringing down the fiscal deficit to 3.5% of GDP
The rare combination of severe shocks to both supply and demand has caused the crude market to collapse
All these stocks' fortunes are linked to domestic consumption, rather than global growth.
A flood of cheap supply coming onto the market from Saudi Arabia and the United Arab Emirates compounded pressure on prices
Sharp fall in crude oil prices, however, is a positive
In the past few sessions, the move in the Rupee has been largely offshore driven, taking precariously close to a new all-time low of 74.48 against the US Dollar
Saudi Arabia had been insisting for weeks that the group needed deeper production cuts to tackle the demand loss caused by the quickly spreading virus.
Bearish market trend, Coronavirus impact amid crude oil crash have hurt investor sentiments
With consumer demand remaining sluggish, it is prudent on the part of the central and states governments to pass on the benefits to people
The present stand-off between Russia and the OPEC is a kind of payback because it is going to seriously hit America's own shale gas programme
The main beneficiaries are likely to be the main consuming countries such as India and China, but even there oil companies will be affected.
Asia closes in green, but America and Europe were volatile amid uncertainty over stimulus
US shale producers, including Occidental Petroleum Corp , deepened spending cuts that could reduce production
The escalating coronavirus fear and price war between oil producing countries led to a sharp 23% one-day fall in crude oil prices on Monday
A sustained drop in crude oil prices will affect the capital expenditure plans of ONGC and OIL
Staples expected to get cheaper in coming 2 months
Staples expected to get cheaper in coming 2 months
27 per cent drop in oil prices portends an extended global economic turbulence far beyond Covid-19 or even Trumpian trade bravado
In the eurozone, Frankfurt's DAX 30 jumped 3.5 per cent and the Paris CAC 40 rallied 4.2 per cent
Brent crude futures were up $3.36, nearly 10%, to $37.72 a barrel by 1041 GMT, after hitting a session high of $37.75 a barrel