Page 28 - Crude Oil

Crude processing in May recovers, up 7.3% from April to 3.87 million bpd

Compared to last year, Indian refiners' crude processing however tumbled by 24.2 per cent in May to 16.35 million tonnes

Oil edges higher on tighter supply, but rising Covid-19 fears limit gains

Brent crude was up 48 cents, or 1.1 per cent , at $42.67 a barrel by 11:45 a.m

Assam oil well fire continues, OIL says production getting affected

The well no. 5 at Baghjan in Tinsukia district has been spewing gas uncontrollably for the last 22 days and it caught fire on June 9, killing two of OIL's firefighters at the site

The fuel cash cow

Govt must ensure greater transparency in fuel pricing

Industrial commodities recover from recent lows as lockdown eases

Prices surge 3.5-12% from recent lows about a month ago with silver futures topping recovery chart among metals; crude futures for near-month delivery surged by as much as 41.7%

Indian Oil cranks up refinery runs to over 80% as demand doubles in May

Firm says consumption of all petroleum products put together almost doubled in May over April levels

IOC seeks 24 mn barrels of US crude for Oct 2020-Mar 2021 delivery: Report

The tender will close on June 12 with validity on the same date.

Need to take inventory write down of Rs 1,456 cr over Covid-19, says CPCL

Lower demand for crude oil and petroleum products had impacted the prices and refining margins of the company

Oil hits $40, cools off as doubts emerge over next step on Opec cuts

Saudi Arabia and Russia have a deal to extend the cuts by a month, but a policy meeting on Thursday rather than later in June is unlikely

Experts urge govt to lock in crude oil purchases as prices start rising

They suggest it is time the govt chipped in as a sovereign oil hedger, perhaps by taking hedging as a Cabinet decision

India's April crude processing sees biggest drop in nearly two decades

Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed

Oil at 2-month high on Chinese demand rebound, Covid-19 vaccine hope

Futures in New York climbed as much as 13.2% on Monday. Chinese oil use is at 13 million barrels a day

Brent hits 1-month high, US crude tops $31 on output cuts, easing curbs

US West Texas Intermediate (WTI) crude was up $2.46 or 8.4% at $31.89 per barrel, its highest since mid-March

Crude oil prices surge as demand shows signs of recovery from Covid-19

US crude up 19.7% in the week, Brent adds 5.2 per% after a week of bullish news. Both contracts gain for third straight week

50 days of lockdown: Indian markets are among the biggest losers globally

For instance, auto sales were almost zero for the month of April, and companies are still limping back to produce vehicles

States get short shrift

Central govt seeks to repair its finances

Indian hedge funds beat EM peers as markets shed 25% value amid Covid

While the Eurekahedge Emerging Markets Hedge Fund Index was down 9.59% in March, the Eurekahedge India Hedge Fund Index was down only 8.69%

Crude oil punters shift positions to natural gas after negative price row

According to the MCX data, the share of natural gas in the total volume of the exchange has almost tripled, while that of crude has reduced by more than half

Core sector output shrinks by 6.5% in March amid coronavirus lockdown

March performance is worst in current series

MCX offers chance to exit trading if crude oil price slips into negative

Asking members and clients to be extra cautious while dealing in crude oil, the exchange has said trading will be halted if the trading price falls to Re 1