Page 17 - Crude Oil Prices

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.

Sovereign wealth funds may cut down India play as oil prices drop

Foreign outflows could accelerate further if oil prices stay low

Lower oil prices would lead to direct reduction in GAIL earnings : Analysts

Start of new fertiliser plants offers some comfort, but disparity between procurement and selling price of gas would hurt profitability, say analysts

The meltdown

Market correction was long overdue

That 1970s feeling

Next global recession could be around the corner and it may look a lot different from those that began in 2001 and 2008

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

Oil price slump: Centre may not hike excise duty for petro products

For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.

After coronavirus, it's a crude shock: Markets see worst rout in 5 years

The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.

Dow Jones falls 2,000 points as virus, oil price drop stoke recession fears

The Dow Jones Industrial Average fell 2,013.45 points, or 7.78%, to 23,851.33, the S&P 500 lost 225.81 points, or 7.60%, to 2,746.56 and the Nasdaq Composite dropped 624.94 points, or 7.29%, to 7,950.

Crude collapse exposes Big Oil's weak points as valuations crash

Producers have cut costs, sold assets and canceled projects to repair balance sheets following crude's 2014-17 slump.

Low oil prices good for importing countries like India: HPCL chairman

What happened in China is, to some extent, related to COVID-19, but (the fall in oil price) is independent in its own ways

Oil price crash: Domestic petrol, diesel prices may fall in the near future

Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level

Oil price crash could help India's economy but will hurt country's OMCs

If the prices of oil threaten to remain at such low levels, both government-run ONGC and Oil India as well as private sector RIL-BP or Vedanta could find it extremely unprofitable to dig more fields

Lower crude regime to impact upstream companies, dampen capex plans

Firms fear huge impact on top lines, say investments in oil and gas sector will be affected

Congress asks Modi to explain 'sinking banks', not divert attention

"Prime Minister, you need to tell the nation what is the BJP's connection to the Yes Bank and its owner," Randeep Surjewala asked.

Crude oil shock: MCX raises margin to 60% to prevent client defaults

Exchange says it covered price volatility risk adequately with no default occurring during the price decline; brokers, however, says some margin calls were triggered

Top business headlines: ONGC m-cap plunges, crude oil dives, and more

Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets.

Coronavirus outbreak: Subdued crude oil prices to help HPCL, other OMCs

IOC and BPCL to also gain from lower working capital requirement and firm marketing margins, but weak GRMs may limit the upside

Why India's present slump is a more serious issue than earlier slowdowns

What is unusual about the current period of slow growth is that it has come without an exogenous driver, unlike all previous periods of slowdown, going back 50 years, writes T N Ninan

Markets roar back after Budget shock; Sensex zooms 917 pts, Nifty at 11,980

Oil fall, global rally help recoup Budget-day losses; indices jump most since Sept; rupee gains 13 paise against dollar