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Page 60 - Crude Oil Price

Excise duty hike on petrol, diesel to add Rs 43,000 cr to govt revenue

Additional revenue will help govt meet its FY21 target of bringing down the fiscal deficit to 3.5% of GDP

Excise duty hike on petrol, diesel to add Rs 43,000 cr to govt revenue
Updated On : 15 Mar 2020 | 8:33 AM IST

Oil posts biggest weekly losses since 2008, hit by virus and price war

The rare combination of severe shocks to both supply and demand has caused the crude market to collapse

Oil posts biggest weekly losses since 2008, hit by virus and price war
Updated On : 14 Mar 2020 | 3:25 AM IST

Nestle, HUL, Asian Paints, Airtel stocks show resilience amid market mayhem

All these stocks' fortunes are linked to domestic consumption, rather than global growth.

Nestle, HUL, Asian Paints, Airtel stocks show resilience amid market mayhem
Updated On : 13 Mar 2020 | 12:38 AM IST

Oil prices fall 8% after Donald Trump surprises with travel curbs

A flood of cheap supply coming onto the market from Saudi Arabia and the United Arab Emirates compounded pressure on prices

Oil prices fall 8% after Donald Trump surprises with travel curbs
Updated On : 13 Mar 2020 | 12:09 AM IST

Drop in demand due to travel curbs may stall airline revenues in Q4

Sharp fall in crude oil prices, however, is a positive

Drop in demand due to travel curbs may stall airline revenues in Q4
Updated On : 12 Mar 2020 | 11:54 PM IST

Rupee can slip 3% more; rate cut, regulatory intervention needed

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

Rupee can slip 3% more; rate cut, regulatory intervention needed
Updated On : 12 Mar 2020 | 1:00 PM IST

Oil war escalates after Saudi, UAE promise to increase production capacity

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.

Oil war escalates after Saudi, UAE promise to increase production capacity
Updated On : 12 Mar 2020 | 3:37 AM IST

Brokerages turn bullish as Reliance Industries shares plunge 20%

Bearish market trend, Coronavirus impact amid crude oil crash have hurt investor sentiments

Brokerages turn bullish as Reliance Industries shares plunge 20%
Updated On : 12 Mar 2020 | 2:33 AM IST

Letter to BS: Fall in oil price can enable RBI to ease basic rates further

With consumer demand remaining sluggish, it is prudent on the part of the central and states governments to pass on the benefits to people

Letter to BS: Fall in oil price can enable RBI to ease basic rates further
Updated On : 11 Mar 2020 | 10:38 PM IST

Letter to BS: Take advantage of slump in oil prices, shore up economy

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

Letter to BS: Take advantage of slump in oil prices, shore up economy
Updated On : 11 Mar 2020 | 10:35 PM IST

Oil prices may have sunk but the energy market fallout has only just begun

The main beneficiaries are likely to be the main consuming countries such as India and China, but even there oil companies will be affected.

Oil prices may have sunk but the energy market fallout has only just begun
Updated On : 11 Mar 2020 | 8:02 AM IST

Markets set for a choppy ride amid coronavirus spread; Asia closes in green

Asia closes in green, but America and Europe were volatile amid uncertainty over stimulus

Markets set for a choppy ride amid coronavirus spread; Asia closes in green
Updated On : 11 Mar 2020 | 1:53 AM IST

Oil prices jump 8% on stimulus hopes, spending cuts by US producers

US shale producers, including Occidental Petroleum Corp , deepened spending cuts that could reduce production

Oil prices jump 8% on stimulus hopes, spending cuts by US producers
Updated On : 11 Mar 2020 | 1:34 AM IST

OMCs, paints, cement firms to benefit as oil crash rebuilds hopes

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

OMCs, paints, cement firms to benefit as oil crash rebuilds hopes
Updated On : 10 Mar 2020 | 11:38 PM IST

Lower crude regime likely to dampen capex plan of upstream companies

A sustained drop in crude oil prices will affect the capital expenditure plans of ONGC and OIL

Lower crude regime likely to dampen capex plan of upstream companies
Updated On : 10 Mar 2020 | 11:17 PM IST

Falling crude oil price brings good tidings for India's FMCG sector

Staples expected to get cheaper in coming 2 months

Falling crude oil price brings good tidings for India's FMCG sector
Updated On : 10 Mar 2020 | 9:49 PM IST

Falling crude oil price brings good tidings for India's FMCG sector

Staples expected to get cheaper in coming 2 months

Falling crude oil price brings good tidings for India's FMCG sector
Updated On : 10 Mar 2020 | 9:49 PM IST

Letter to BS: Decline in crude oil price is a symptom, not the disease

27 per cent drop in oil prices portends an extended global economic turbulence far beyond Covid-19 or even Trumpian trade bravado

Letter to BS: Decline in crude oil price is a symptom, not the disease
Updated On : 10 Mar 2020 | 9:03 PM IST

Stocks, oil rebound after dizzying losses on hopes of US economic stimulus

In the eurozone, Frankfurt's DAX 30 jumped 3.5 per cent and the Paris CAC 40 rallied 4.2 per cent

Stocks, oil rebound after dizzying losses on hopes of US economic stimulus
Updated On : 10 Mar 2020 | 5:31 PM IST

Crude oil prices jump 10% after biggest rout in 30 years on stimulus hopes

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

Crude oil prices jump 10% after biggest rout in 30 years on stimulus hopes
Updated On : 10 Mar 2020 | 5:10 PM IST