Page 25 - Crude Oil

ONGC begins production in Bengal basin, making it India's eighth functional

There are 26 sedimentary basins in India covering 3.4 mn sq k,. Of these, 16 are on land basins, seven part on land and part offshore, and three completely offshore

Silver to outperform Gold on improved global economy, says Bhavik Patel

Silver has risen twice as sharply as gold and so as a result, the gold/silver ratio has dropped to 76, its lowest level since the beginning of the month

Rising inflation, crude oil are a new worry for financial markets: Analysts

Over the past one month (since November 13), Brent crude oil prices have surged nearly 18 per cent to $50.34 a barrel now

Crude oil's run towards $50/barrel mark could run out of fuel in 2021

Covid-19 infections remain at peak levels globally, decimating demand for transport fuels, the mainstay of oil use

Woodside Petroleum matches ONGC unit offer to buy FAR's Sangomar stake

FAR had said last month it would exit the troubled $4.2 billion Sangomar project off Senegal by selling its 15% stake to the ONGC unit for $45 million.

Trading strategies for gold and nickel by Tradebulls Securities

Gold made 'Hammer' candlestick in the month of November after slipping 5.4 per cent and has now bounced back

Paint companies better-placed to tackle higher crude prices, say experts

Robust rural demand, pricing power to mitigate the risk of increase in input costs

India's top refiner buys most crude since Covid-19 outbreak: Report

Indian Oil Corp is the country's largest state refiner

Oil rises on declining US crude stocks, hopes of Covid-19 vaccine

Crude stockpiles fell by 5.1 million barrels last week to about 482 million barrels, industry group data showed on Tuesday

Crude oil glut likely to overshadow any OPEC+, US policy shifts

S&P Global Platts Analytics slashed its 2021 oil consumption outlook by 700,000 barrels per day (b/d) recently and now predicts oil demand growth of 5.8 million b/d in 2021

No change in petrol, diesel rates even as global oil prices soften

Global crude prices have remained around $40 a barrel

Saudi Aramco's third-quarter profit falls 44.6% to 44.21 billion riyals

DUBAI (Reuters) - Saudi Arabian state oil group Aramco <2222.SE> on Tuesday reported a 44.6% drop in third-quarter net profit, in line with analysts' estimates, dented by lower crude oil prices and volumes sold as the coronavirus crisis choked demand.

Crude oil prices slide 3% as Europe expands coronavirus lockdown

Brent crude for January was at $36.78 a barrel, down $1.16, or 3.1%

India could cut oil import bill further as Saudi looks at crude discounts

India's oil import bill may fall further in the remaining period of the current fiscal with Saudi Arabia looking at giving discount in crude it sells to Asian Buyers

Gold immune to US Prez election, stimulus package key trigger: Bhavik Patel

Rising coronavirus cases, especially in Europe, are keeping gold supported, more so because of the possible economic fallout

PM Modi calls for 'responsible' pricing of crude oil, create transparency

The Prime Minister said 2020 has been a challenging year for the energy sector globally, with demand falling by almost one-third

Oil falls about 2% on Libyan crude output, coronavirus demand concerns

US crude settled at $39.85 a barrel, falling 79 cents, or 1.9 per cent

Oil dips on prolonged second wave of Covid-19, fears of more supply

Brent crude futures fell 23 cents to settle at $42.93 a barrel, and US West Texas Intermediate (WTI) crude futures dropped 8 cents to settle at $40.88 a barrel

US election outcome, Libyan crude return can change oil market dynamics

The fragile state of US shale producers could mean the majority of supply growth next year will be driven by OPEC+

Libya set to resume oil production at Sahara field amid peace talks

Libya's prized, light crude has long featured in the North African country''s civil war with rival militias and foreign powers jostling for control of Africa''s largest oil reserves