Page 15 - Crude Oil Prices

OMC stocks come under pressure over muted demand, weak refining margins

Rising Covid-19 cases in India and talks of a second wave of the pandemic globally are adding to concerns on demand for petroleum products moving forward

India tops up strategic reserves with cheaper crude, saves over $685 mn

The state-funded reserves are meant to tide over short-term supply disruptions and will take care of India's oil needs for 9.5 days

Covid-19: Opec sees weaker outlook as demand falters, shale recovers

Oil prices slipped further below $40 a barrel in London on Monday, close to their lowest in more than two months

ONGC, OIL earnings hinge on upside in crude prices as production stagnates

With not much upside in output and gas prices weak, earnings are expected to be under pressure

Oil holds near $44/barrel, heads for biggest weekly drop on demand concerns

Brent crude, the international benchmark, was up 5 cents, or 0.1%, to $44.12 at 0745 GMT, heading for a 2.3% drop this week

Oil prices edge up on global stimulus support despite ample supplies

Brent crude futures for November climbed 27 cents, or 0.6%, to $46.08 a barrel by 0038 GMT

Oil prices up on storm-hit US output and Covid-19 treatment hopes

Brent crude was up 53 cents, or 1.2%, at $44.88 a barrel by 11:22 a.m. EDT (1522 GMT). U.S. West Texas Intermediate crude rose 28 cents, or 0.7%, to $42.62

Oil rises after surprise drop in US inventories offsets demand concerns

Inventories of crude oil in the US dropped by 6.8 million barrels last week to 531 million barrels, data showed

Apple market capitalisation closes in on Saudi Aramco's as No. 1 in world

Apple gained as much as 4.2% on Monday for a market capitalization above $1.70 trillion, trailing Saudi Aramco at about $1.78 trillion based on current exchange rates.

Multiple risks may cap uptick in TVS Motor stock as Covid, crude weigh

Stock more vulnerable than peers, given weak margins, volumes

Limited gains for ONGC as coronavirus crisis, oil price spat continue

Analysts feel company's stock is already discounting crude price recovering to $48/barrel.

Oil rises after sharp fall in US crude inventories indicating demand rise

Oil prices rose after an industry report showed crude inventories in the US fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world.

Oil prices slip as weak Japan data exposes market jitters over weak demand

Brent crude futures for September fell 32 cents, or 0.8%, to $41.53 a barrel, paring Monday's 92-cent gain

The myth of the rational voter

Conditions exist in India today to test the theory that voters reward performance and punish failure

Oil prices slide on concerns about patchy demand recovery, record US stocks

Brent crude futures fell 2.0%, or 85 cents, to $40.88 a barrel, also giving up gains from Wednesday

OPEC, Russia to extend record oil cuts until end of July: Draft deal

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis.

Bharat Petroleum Corp makes a loss of Rs 2,958 crore in Q4

As crude oil prices tanked globally, owing to a slowdown in industrial activity and demand, BPCL was forced to value finished goods inventory and raw materials at below cost.

India saves Rs 5000 cr in forex after capitalising on global low oil prices

State-owned oil firms were in April asked to buy import oil when global rates fell to a two-decade low.

IndiGo: Near term outlook to be tough; weak demand, higher costs to weigh

The challenge for IndiGo as highlighted by the management is to manage cash and liquidity rather than look at profitability and growth

Metals, crude prices surge on gradual unlocking of global economy

Stronger manufacturing data from China supports upswing