Iraqi minister says group mulls extension up to mid-2019
Profit margins of tyre manufacturers improved during the December quarter
Crude prices are important for airlines, as jet fuel, which is a refined product, is heavily taxed in India and forms a major cost component
Analysts are already turning bullish on crude oil prices with several of them revising their earlier forecasts upwards
The twin tailwinds of low bond yields and cheap crude oil that were driving equity markets in India, despite lacklustre corporate earnings, are now receding.Crude oil prices have more than doubled from the lows of 2016 pushing up India's import bill and raising fears of a higher current account and fiscal deficit. A persistently higher deficit translates into a weaker rupee and higher consumer inflation.Bulls are also facing the heat from a steady rise in bond yields both in India as well as in the US. As a result, the additional earnings potential on equity investment becomes lower compared with investments in debt. Experts say that corporate earnings yields should be higher than bond yields to compensate for the risk associated with equity investments. But the two are moving in opposite direction right now, reducing the financial incentive for further equity investments. The earnings yield for a broad portfolio of 340 BSE 500 index companies is down 120 basis points (bps) in the ...
Brent crude, which saw a low of $44.2 a barrel on June 22, is now trading above $60 a barrel consistently since November
According to the traders, Organization of the Petroleum Exporting Countries (OPEC) and Russia have contributed to a significant reduction in excess supplies
Sensex sinks 360 points; companies across sectors likely to see margin pressure
Geopolitics apart, stable and low crude oil prices will benefit
Interview with senior oil analyst at S&P Global Platts
Brent for May down 59 cents, or 1.1% at $50.37 a barrel, WTI sheds 53 cents, or 1.1% at $47.71
The recent surge in oil prices comes on the back of OPEC decision to cut oil production for the first time in eight years
The trading sentiment dampened in futures trade after oil prices extended their decline in Asia today
Speculators engaged in creating speculative positions, taking positive cues from Asian markets
Even as prices seem to have stabilised in the range of $40-$50 a barrel, there are enough drivers to swing the oil benchmarks further in either direction
Speculators widened their bets, taking positive cues from the Asian markets
Risks of current account deficit, inflation increase
Outcome of the assembly polls in five states will be the key factor in addition to Q4 earnings and April WPI
Speculators widened their bets even as prices dipped in the global market
Oil prices jumped 6 percent on Friday, heading for the largest weekly gain in a month